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 is the best technique for revealing the different market or competitive position that rival firms occupy in the industry. It helps to identify the strategic groups and understand the differences in their strategic approaches, competitive positioning, and performance. This understanding can help firms to identify potential opportunities and threats in the industry, and develop effective competitive strategies. PESTEL analysis, Five forces framework, and Competitor analysis are also useful tools for analyzing the industry and competition, but they do not specifically focus on identifying strategic groups. The value net framework is focused on analyzing inter-firm relationships rather than competition within an industry.

What Is the Best Technique for Revealing the Different Market