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The
assignment is due 2/3/05 at the beginning of class. Work submitted after
that day/time will receive a 50 percent grade reduction. The assignment
must be typed, in tables. Handwritten work will NOT be
accepted. The assignment will be evaluated for thoughtfulness, completeness,
effort, quality and depth of responses, and following directions. Neatness
and spelling WILL count! Before you begin, read the following.
Marketing
Competitive Intelligence
Before any enterprise begins planning its Web marketing site, it should
find out what its competitors are doing. Don't think gathering information
on the competition is an isolated practice. Major business books have
been written on the subject, consultants specialize in conducting competitive
intelligence (CI) for businesses and organizations, and there is a CI
professional society (Society of Competitive Intelligence Professionals
- SCIP) with members in 50 nations
around the world. Gathering competitive intelligence is legal, ethical,
and makes good business sense. Don't mistake it for competitive espionage,
which is illegal. Competitive or corporate espionage is stealing confidential
company information, falsely obtaining company documents, hacking a corporate
intranet, bribing company employees to obtain information, and/or other
unethical and illegal activities.
Competitive intelligence is the process of gathering information about
your competitors and using it to help improve your market offer. Traditional
sources for competitive intelligence are public documents (SEC and other
public reports), stories in business, trade and other types of publications,
publicly distributed annual reports and other company documents, news
and publicity releases, interviews with competitors' customers, information
obtained from trade show booths, brochures, purchased products, etc. Now,
CI can be performed on competitor's Web sites and their Web marketing
activities.
A competitor is other businesses (enterprises) currently offering the
same product (direct competitors). It can also be businesses (enterprises)
that offer a different type good or service that a buyer might select
in place of your product (indirect competitors). Your competitive analysis
for this assignment will be of the marketing content, design, and technology
of the multipage Web site of a direct competitor to your client's Web
marketing site.
Select a Web Marketing Site Direct Competitor
Begin by searching for and evaluating sites marketing the same products
as your client. Select the very best example you can find of a directly
competitive and effective Web marketing site. The quality of your selection
will determine to a great extent the value of your analysis, so don't
select the first site you find. You must critically evaluate many sites,
then select the very best one.
To
find direct competitors, identify the key word descriptors that define
your client's enterprise and use them as the basis for your search on
Google. The choice of descriptors is very important because they are commands
that direct a search engine to locate matching Web sites. For example,
a Web marketing site search for a client selling bicycles might use such
key words as bicycle shops, bicycles, mountain bikes; a flower shop might
use flower shops, florists, cut flowers, dish gardens, roses. You may
have to use several word combinations to locate competitive multipage
Web sites marketing the same product as your client. Remember, the Web
is global, so you are not restricted by geography. You may find competitors
anywhere in the world. We are stretching this point a bit, since most
of our clients have geographically restricted markets. For our purposes,
as long as the competitor is marketing the same type product, we'll ignore
their physical location. The sites should be for enterprises that are
generally the same size as your client and local or regional, not national
or international.
The site you select must have multiple pages (more than 4). Look for a
site map and use it to familiarize yourself with the site's organization.
Study the site carefully and analyze its content, design, and technology.
Content
is the information presented on the site that serves the marketing goal,
is designed to provide value and benefit customers, and get them to return.
Design is the way the site looks, its visual images, colors, appearance.
Technology is how the site works, its download time, navigation ease.
Perform
a Competitive Intelligence Analysis
Carefully
and thoughtfully prepare written answers for the questions in Tables 1
through 4, a FAB analysis, and recommendations for your client's Web marketing
site. The table format is available in a downloadable Word
document. YOU MUST USE TABLES TO REPORT THE INFORMATION. Work that
is not typed in tables will not be accepted. Download the tables and type
your answers directly in the cells. Be concise -- quality NOT quantity
counts, but your descriptions must be sufficiently detailed to demonstrate
that you have thoroughly and thoughtfully evaluated the site. Organize
your assignment as follows and begin each table or section on a separate
page:
Cover
sheet (Student name, assignment, class, date due)
Table
1 - Marketing Content
Table 2 - Design Issues
Table 3 - Technology Issues
Table 4 - FAB Analysis
Table 5 - Recommendations
Screen Shot (printed in color)
Site Map
Your work will be evaluated on the
Quality of the site selected for the competitive intelligence
Quality, completeness, clarity of evaluation - consumer insight
Depth, quality
of FAB analysis
Quality and depth of recommendations
Mechanics - spelling, grammar, and following directions
Effort
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