Competitor Analysis Spider Chart
Price
6
Diversity
Advertisement
Photo
Appearance
After-sales Service
Product Durability
Satos Channel
Retail Store
Supermarket
Online Store
Quality
Product 1 - Product 2
Product 3
Write an analytical paragraph based on the above chart.
Answers
Answer:
Competitive analysis is the process to identify and evaluate your competitors' strengths and weaknesses relative to those of your own product or service. The evaluation should give you a better understand of you and your competitors, which helps you position your company better to play up your strengths and their weaknesses.
Radar chart is a graphical way to compare data by displaying data in a "web-like" form looking like spider web. The radar chart is a graphical method of displaying data in the form of a two-dimensional chart of three or more variables represented on axes starting from the same point.
Radar charts are particularly useful when examining several factors that are related to one item, thus, not only you can apply this Wizard for performing competitor analysis, but also many other strategic analysis such as, capability analysis, as-is / to-be analysis and etc.