Update "Competition Analysis Table"

[Aiko-Kawamura]

Make research and write content for the "Competition Analysis Table".

• A Competition Analysis Table is a tool used to compare and contrast various competitors in a market or industry. It is often used in business planning and marketing strategies to gain a better understanding of the competition and to identify potential opportunities and threats.
• The table typically includes information on each competitor, such as their name, product or service offerings, pricing, marketing strategies, distribution channels, strengths, weaknesses, and market share.
• By analyzing this information, businesses can develop a clearer understanding of how they stack up against their competitors and identify areas where they can improve.

  Purpose:

  The purpose of this issue is to conduct a comprehensive analysis of competitors in the market to gain insights and an understanding of their strengths, weaknesses, strategies, and market position. This analysis will help SILK identify competitive advantages, refine its business strategies, and make informed decisions to stay ahead in the market.

  How to achieve this?

  Gather relevant information about competitors, including their products or services, target audience, pricing, marketing tactics, and market share. This data will be organized in a structured competition analysis table, allowing for easy comparison and identification of key insights.

  Outcome:

  By analyzing the competition, SILK can refine its positioning, develop effective marketing strategies, enhance its offerings, and make informed business decisions to gain a competitive edge in the market.

Reference links:

• SILK Corp Web
• SILK Franchise Guide
• Joorney Sample Here you'll find samples of different businesses which can assist you in writing the content.

  Note:

  Make sure to follow the character count as the original web.

[Remy-Reveltek]

@N-eng66, work on it.

[N-eng66]

Okay, I will work on this.

[SuzyQuant]

For the thumbnail, create any visuals maybe use excel sheet to map out your competitors. Then write a short summary in the paragraph or steps area that needs to highlight.

[Aini-Bashir]

I created a. md file and gather all the data related to this issue in it. Competition Analysis table

[SuzyQuant]

Specific: Today, I will conduct competitor research and create a markdown file. Investigate existing markdown files from team members. Draft a competition analysis table for lead review.

Measurable: First 4 hours, I will research and compile a list of competitors. In the next 2 hours, I will create a markdown file with comprehensive information. Identify existing markdown files from team members. And the last 2 hours, I will complete the competition analysis table.

Achievable: I will utilize online resources, databases, and collaboration with team members to gather competitor data. Develop a well-structured markdown file and analysis table.

Realistic: I will allocate sufficient time and resources for research and analysis. Ensure the scope is manageable and aligned with project goals. I will talk through meetings with my members on any updates.

Timely: By the end of the day I should be able to complete the competitor research and markdown file creation. Draft the competition analysis table. And then, seek lead review promptly after completion.

[SuzyQuant]

I think the table headers should be the SILK YACHT Services vs the Competitors

	SILK Corp	Competitor 1	Competitor 2
1. Yoga
Mindfulness
Massage
2. Arts
3. Cafe
4. Home
5. Tech

I created a. md file and gather all the data related to this issue in it. Competition Analysis table

[Aini-Bashir]

Space:

The SILK Franchise Guide is a comprehensive document that outlines all essential aspects of the SILK Franchise business model. It serves as a vital resource for potential franchisees, providing them with crucial information about the company, its values, services, and operational guidelines. The guide highlights the unique offerings of the franchise, its mission-driven approach, and the support and training available to franchisees. We have created a milestone with proper issues on GitHub to complete this guide.

Track:

• Planning: Develop a detailed business plan outlining the franchise structure, revenue projections, and marketing strategy.
• Project Initiation: The team created a milestone with proper issues, assemble the project team, and assign roles and responsibilities.
• Market Research: Conduct thorough market research to understand the target audience, competition, and industry trends.
• Franchise Documentation: Create the Franchise Guide, including all necessary policies, procedures, and training materials.
• Marketing and Branding: Design a cohesive marketing and branding strategy to promote the SILK Franchise.

Actions:

• Coordinate with the Project Team: I will ensure effective communication and coordination with all stakeholders involved in the project, including the project manager, team members, and key decision-makers.
• Conduct Research: I will carry out thorough market research and analysis to gather relevant data and insights on this issue about the target market, competitors, and industry trends.
• I will create a .md file to prepare a draft, gather all the data in it, and will create a pull request within my shift hours.

Results:

By the end of the day, I will complete this issue and also ask for a review of it from the manager. It will be providing clear evidence of the project's progress and success.