universalinformer.com universalinformer.com
  Index Page :> About Us :> Add Url :> Security & Privacy :> Terms of Service :> Submit Article
Search:   
Get Multiple Links
 

Automobiles

Family & Home

Careers & Employment

Internet & Computers

Business & Commerce

Cooking & Drinking

Issues & News

Medicine & Treatment

Self Help

Entertainment

Academics & Learning

Children

Health & Hygiene

Culture & Art

Games & Play

Finance & Investment

Realty & Property

Law & Politics

Science & Research

Shopping & Auction

Fashion & Relationships

Society & Communities

Tour & Travel

Outdoor & Sports

 

Index Page › Business & Commerce › Business Strategy Planning
 

Look Who is Competiting Against You

 

Author: Arvind Kumar

A manufacturer of cricket bat was lamenting over decline on the sale of cricket bats. But strangely his complaint was not against the ruthless competitors. But he was loosing business not to direct competitor but to the football equipment maker. Who were not their competitors at all before?

What went wrong in the manufacturer business? It is a clear sign that he was helpless his consumers taste and habits were changing. Activities on which he never can have any control. People are moving toward football rather than cricket. It simple fact that by buying a cricket bat or football people are not buying a good or tool to play. They are more interested in buying an activity. It is not that cricket bat has become less quality products than football. But it is a clear sign of bigger problem of cricket loosing out to football.

In automobile industry, Rolls-Royce and Cadillac are competiting against each other and you can say against a whole lot auto mobile. But from customer point of view, these are goods and means just to fulfill a value in the customer mind. It is just not transportation but a desire to be different and look stylish, which is firing the sales. But when you concentrate on customer satisfaction you competitors stands up from different sort of categories. In this particular case Rolls-Royce can face competition from Rolex, jewellery merchant like Ddmas, a cool vacation on luxury cruise etc.

World is changing so fast and so the customer habits of buying. You never know from where you will have a real competition coming your way.

Its time to wake up!

Author Bio:
Arvind Kumar is a popular columnist. Arvind likes to pen down articles about this area.
You can also reach this article by using: strategic business planning, business strategy, small business planning
 
 
 

Related Articles

 
Project Management - Winning the Project
 
Strategic vs. Tactical Approaches and How One Might Be Hurting Your Home-Based Business
 
Work At Home Moms: Is E-currency Exchanging the Perfect Home Based Business?
 
Leverage The Power of Publicity For Your Small Business
 
Your Burning Questions Part 5
 
Purchase Order Financing Overview
 
Employee Email and Internet Use - A Small Business Guide
 
Why You Should Listen To David Blaine And Chris Angel
 
Banner Stand Exhibits
 
How to Start Home Based Travel Businesses
 
 
 
Index Page :> Security & Privacy :> Terms of Service  
© 2006-2008 www.universalinformer.com All Rights Reserved Worldwide.