Factors influencing market competition strategy

This is a mind map about the influencing factors of market competition strategy. It tells the story about the influencing factors of market competition strategy. If you are interested in the story of the influencing factors of market competition strategy, you are welcome to collect and click on this mind map. Like~

Edited at 2020-10-07 06:17:00

PlotWizard

Recent works View more works>>

Factors influencing market competition strategy

PlotWizard

Recent works View more works>>

Recommended to you
Outline

Factors influencing market competition strategy

Economic factors: including economic growth, inflation rate, interest rate level and other factors, which have an important impact on the formulation and execution of market competition strategies.

Economic growth: In a rapidly growing economic environment, companies usually adopt aggressive market competition strategies to rapidly expand market share.

Inflation rate: Under high inflation rates, companies tend to increase product prices to maintain profit margins, which will affect the formulation of competitive strategies.

Interest rate level: High interest rates will increase corporate financing costs and restrict competitive strategies such as market investment and price wars.

Policy and regulatory factors: Relevant policies and regulations formulated by the government have a direct or indirect impact on market competition strategies.

Competition policy: Competition policy regulates the degree and rationality of market competition and affects the competitive behavior and strategic choices of enterprises.

Tax policy: Tax policy will have an impact on the cost and profit distribution of enterprises, which will in turn affect the formulation of market competition strategies.

Foreign trade policy: The adjustment of foreign trade policy will affect the market positioning and competitive strategy selection of enterprises.

Sociocultural factors: Sociocultural factors have an important impact on the formulation and execution of market competition strategies.

Consumer behavior: Consumers’ needs, preferences, and values for products will directly affect the company’s market positioning and competitive strategy choices.

Cultural differences: Cultural differences in different regions will affect a company's brand image and marketing strategy.

Social responsibility awareness: Consumers’ increased attention to corporate social responsibility attitudes will guide companies to formulate competitive strategies related to sustainable development and social responsibility.

Industry competition factors

Industry structure: Factors such as industry concentration and intra-industry competition directly affect an enterprise's market competition strategy.

High concentration: Market share distribution within the industry is uneven, and companies need to adopt differentiated and specialized competitive strategies.

Low concentration: The market share in the industry is relatively even, and companies can try to adopt fierce competition strategies such as price wars.

Market demand: Changes in market demand have an important impact on the formulation and adjustment of enterprises' competitive strategies.

Market growth: When market demand grows rapidly, companies can adopt aggressive competitive strategies such as market expansion.

Market saturation: When market demand is relatively saturated, companies need to adopt differentiation and innovative competition strategies.

Technical level: Differences in technical levels within the industry will affect the company's technological innovation and competitive strategy choices.

Technology leadership: Enterprises with advanced technology can adopt technological innovation and differentiated competitive strategies.

Technology lag: Enterprises with technology lag need to adopt cost control and follow competition strategies.

competitor factors

Competitor behavior: Competitors' market positioning, competitive strategies and behaviors will directly affect the company's market competition strategy.

Price competition: Price wars between competitors will affect a company's pricing strategy and profit margins.

Differentiated competition: Differentiated competition among competitors will affect the company's product positioning and marketing strategy.

Competitor capabilities: Competitors' resources, technical capabilities, etc. will affect the basis and choice of enterprises in formulating competitive strategies.

Competitive advantage: Competitors' competitive advantages will put pressure on enterprises to develop differentiated and specialized competitive strategies.

Competitive Weaknesses: A competitor's competitive weaknesses will provide a business with competitive opportunities and advantages.

Competitor reaction: Competitors' reaction to the company's competitive strategy will affect the company's strategy implementation and adjustment.

High reactivity: Competitors are sensitive to changes in competitive strategies, and companies need to carefully formulate and adjust competitive strategies.

Low responsiveness: Competitors are slow to respond to competition, and companies can adopt more aggressive competitive strategies.