COMPETITION MARKET RESEARCH Manager Analysis Real Business As you learned this week, understanding your competition and adjusting your own business accordingly is critical to a businesss success. A large discount retail store like Target competes not only with other discount retail store stores but also with those stores that offer just some of the products Target does, such as grocery stores. Keeping track of all these competitors is quite a task; thats why large companies have a team of market researchers dedicated to managing that research. Your Role This week, youll assume the role of a Market Research Manager at Target. As a Market Research Manager, part of your role is to consistently analyze Targets position relative to its competitors and report on these findings. As part of this process, you complete a SWOT analysis for each of Targets main competitors each quarter. The quarter is coming to a close, and your boss has asked for the latest SWOT analysis for Walmart. Instructions Search online and find 1-3 articles that discuss the competition between Target and Walmart. For each article: Identify Provide a link to the article. Identify which aspects of the article will be helpful as you conduct your SWOT analysis. Based on your own experiences shopping at Target and Walmart and the research you conducted: Identify 1-2 strengths Target has in comparison to Walmart. For each strength, explain your rationale. Based on your own experiences shopping at Target and Walmart and the research you conducted: Identify 1-2 weaknesses Target has in comparison to Walmart. For each weakness, explain your rationale. Based on your own experiences shopping at Target and Walmart and the research you conducted: Identify 1-2 possible opportunities Target has to be more competitive with Walmart. For each opportunity, explain your rationale. Based on your own experiences shopping at Target and Walmart and the research you conducted: Identify 1-2 possible threats that might diminish Targets competitiveness with Walmart. For each threat, explain your rationale Based on your SWOT analysis, do think that Target or Walmart is better positioned over the long term to come out ahead? Why? Conduct a SWOT analysis for your company and one of its biggest competitors using the methodology outlined in Steps 2-5. Purchase the answer to view it Purchase the answer to view it
