What is the best technique for revealing the different market or competitive position that rival firms occupy in the industry?
A)strategic group mapping
B)PESTEL analysis
C)five forces framework
D)the Value Net framework
E)competitor analysis

Question

Quizplus · Accepted Answer

Strategic group mapping helps to identify the different market or competitive positions occupied by rival firms in the industry by grouping them based on similar characteristics such as pricing, product range, distribution channels, etc. This helps to identify the key players in the industry and their strengths and weaknesses, which can be useful in developing an effective competitive strategy. PESTEL analysis helps to identify external factors that may impact the industry, while the five forces framework and the Value Net framework focuses on analyzing the competitive forces within the industry. Competitor analysis is a broader concept that involves analyzing the strengths, weaknesses, and strategies of competitors, which is a part of strategic group mapping.

What Is the Best Technique for Revealing the Different Market