Competition Profile Matrix

Competition Profile Matrix

Assessment

Interactive Video

Business

University

Hard

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The video tutorial explains the Competitive Profile Matrix (CPM), a tool used in strategy development to assess a company's position relative to its competitors. It involves identifying critical success factors, assigning weights to them, and rating companies on these factors. The scores help in understanding a company's strengths and weaknesses, and in identifying opportunities and risks in the market.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the purpose of the Competitive Profile Matrix (CPM) in understanding a company's position in the industry?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How do you determine the critical SuccessFactors for a company?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

Explain the process of rating a company and its competitors based on critical SuccessFactors.

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What does a combined score of critical SuccessFactors indicate about a company?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How can identifying an abnormally low factor for a competitor create opportunities in the market?

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