Term
SWOT 1 strengths weakness opertunities threats |
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External analysis Workstyle and lifestyle customers price sensitivity and elasticity of demandthe competitive arena Emerging technology Porters five forces framework summing up |
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Workstyle and lifestyle trends |
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The raw statistic should provoke questions how, where, what, Be broad ranging in your scanning probs may be outside your industry |
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Peter drucker "Company has no higher requirement than to create customers" Figure out who they are Market segmentation Key segments |
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Age gender geo type users income behavior |
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Infrequent users Ocassional users buisness professionals |
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Price sensitivity and elasticity of demand |
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Definition
frePercentage increase in price/percentage decrease in quantity=price elasticity of demand |
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threat of new entiriants bargening power of suppliers jockying for position among current competitors bargening power of customers threat of substitutes |
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