What are the steps for compiling a competitive strength

Question

What are the steps for compiling a competitive strength?

Answer 1

The subsequent are steps for compiling a competitive strength assessment as:

i. Create a list of the industry’s major success factors and most telling measures of competitive weakness or strength.

ii. Rate the firm and its rivals on each and every factor.

iii. Rum the strength ratings on each and every factor to get a complete measure of competitive strength for every company being rated.

iv. Use the complete strength ratings to describe conclusions about the size and level of the company’s net competitive merits or demerits and to take specific note of regions of weaknesses and strengths.