Tip 1: How to assess competitiveness
Tip 1: How to assess competitiveness
Competitiveness of an enterprise isan indicator of the effectiveness of its use of economic resources in comparison with competitors. Its assessment is necessary both for the organization itself to develop measures to increase market share and enter new markets, as well as to other interested parties: investors for profitable capital investment, potential partners for decision-making on cooperation, and banks when considering lending.
Instructions
1
The main criteria for assessing competitivenessoperational efficiency and strategic positioning. Operational efficiency means the best result of the company's activity among competitors, it is determined on the basis of analysis of business processes and organization of an activity and provides profit extraction from production and sales. Strategic positioning is the implementation of activities that are different from competitors, or performing it in a different way using unique technologies.
2
In order to assess the competitiveness of an enterprise, calculate the coefficients of operational efficiency and strategic positioning.
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Determine the operational efficiency of the enterprise(OEP) based on the ratio of revenues from sales and production costs, goods, works, services: ОЭп = (Revenue) / (Costs for production and sales).
4
Then set the operating indicator(OEV), that is, the aggregate of competitors, based on industry average values: OEv = (Revenue per sample) / (Production and sales costs per sample).
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Calculate the coefficient of operational efficiency based on the ratio of the indicator of the analyzed enterprise to the sample: Coe = OEn / OEv.
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The result of strategic positioning is the market share. It is determined by the ratio of the company's revenue to the market: DRP = B / ER, where B - the company's revenue, OP - the volume of the market.
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Next, calculate the market share by sample: ДРв = Вв / ОР, where Вв - proceeds according to the sample.
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Calculate the indices of changes in revenueenterprises and in the sample in comparison with the previous period: Un = B / Bpn, where Un is the index of changes in the company's revenue, Bnp is the revenue of the previous period, Iv = Bv / Bvpn, where Iv is the index of the change in the volume of proceeds from the sample, Bvpn - revenue previous period in the sample.
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Calculate the coefficient of strategic positioning by the formula by extracting the square root of the quotient from the obtained indices of changes in revenue: Ksp = √ (Ip / Iv).
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Calculate the coefficient of competitiveness, having combined the indicators of operational efficiency and strategic positioning: К = Коэ + Ксп.
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If K> 1, the competitiveness of the enterprise is considered high, with K = 1 - equal to the sample, and for K
Tip 2: How to evaluate the competitiveness of a product
The quality and competitiveness of any product indetermine its success in the market. The economic and social life of the state as a whole and of the individual consumer depends on the extent to which this issue is being successfully solved. Competitiveness is a multifaceted concept, which means the product meets the market conditions, the requirements of the final consumer of the product to the price, delivery time, sales channels, service quality and so on.
Instructions
1
For a correct assessment of competitivenessa specific product, find its analogue in the market. The estimated parameter is a relative concept that is tied to a particular market and the time of sale.
2
Assess the consumer qualities of a competinggoods. How fully does it satisfy the relevant need? Does the object perform any additional functions in addition to the main function? What is the difference between a set of functions of a competing product and a product whose competitiveness you want to evaluate?
3
Determine how long-termpotential of the goods. To maintain competitiveness, it is necessary that the product retains the attractiveness for a potential consumer at a considerable time distance. Of course, there are goods that are morally obsolete in a relatively short time, but in this case it is necessary to provide for the timely expansion of the product line and the release of new, improved modifications.
4
Conduct a comparative assessment of pricecharacteristics of your product and competitors' products. The difference in price for maintaining competitiveness should be compensated by a set of additional functions, convenience of operation, and the availability of a developed service.
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Consider the ergonomic parameters of the product,estimating it from the point of view of conformity to features of a human body. The goods should be convenient to consume or carry out production operations. Non-compliance of products with ergonomic requirements makes the competing position weaker and more vulnerable.
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Estimate the aesthetic indicators: expressiveness, rational combination of the dimensions of the product and its shape. These characteristics determine the external perception of the product, which largely affects the direct choice of the consumer at the time of making a purchasing decision.
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Conduct a qualitative analysis of the goods forcompliance with its technical regulations, state production and consumption standards. Check if the goods do not violate the current legislation of the country whose market you are developing.
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For all of these items, please completecomparative (qualitative and quantitative) assessment. Make a table, including in it the parameters of the evaluated product and the characteristics of several samples offered by competitors. As a result, you will be able to visually evaluate how your products are competitive, as well as identify weaknesses that should be strengthened with additional benefits.
Tip 3: How to determine the competitiveness of products
The fundamental factor in the success of a product on the market is its competitiveness. It includes the whole complex of cost and consumer characteristics of the product, shows its advantage over analogues of competing firms in conditions of wide market supply.
Instructions
1
To determine competitiveness product, study the requirementsbuyers of the market segment in which it can be implemented. Using sociological and expert methods, evaluate the degree of importance of each criterion that the consumer is guided by buying this product.
2
Highlight the existing sample on the market,similar to the estimated product. This should be a product that is close to the needs and requirements of the consumer, enjoying a stable demand. Compare your product with the sample product in three components, with the help of which you determine competitiveness.
3
Evaluate the consumer qualitiescompetitor. To do this, answer a number of questions. How fully does the competitive product satisfy the consumer's need? Does it have any additional functions (additional services) in addition to the main one? Analyze and appreciate the aesthetic, normative and ergonomic qualities of the sample, its fame, image. Aesthetic parameters of the product characterize the rationality of the form, information expressiveness, the stability of the type of goods and the perfection of its production execution. Ergonomics shows the degree of convenience and comfort of the goods for a person. Also take into account the regulatory parameters of the product, reflecting its properties, regulated by law, standards and mandatory standards.
4
Evaluate the economic parameters of the competitive product. After all, in addition to meeting a specific purchasing requirement, similar products differ in terms of costs for its satisfaction, i.e. price.
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Pay attention to commercial(organizational) characteristics of the sample. They can include guarantees and after-sales service of the goods, a system of discounts, terms of delivery and payment (loans, installments).
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On the same criteria, evaluate your Of products. Then compare the obtained indicators with the datasample-competitor. The product, more appropriate to the wishes of the consumer, will be more competitive. This means that its manufacturer will do better in a particular market.
Tip 4: How to evaluate the equipment
As a rule, equipment evaluation canto precede buying and selling when placing it on the balance sheet of an enterprise or writing off, for collateralizing a bank loan, in the interests of the organization, in order to attract investment. The real cost of the equipment depends on its performance, productivity, reliability, wear and tear of the manufacturer.
Instructions
1
When assessing the cost of equipment, specialists usually use expensive, comparative and profitable methods. Use the zapatny method in cases where it is necessary to restore or completely replace equipment. Its market value is calculated on the basis ofcosts of creation and implementation. In addition, it can affect such indicators as competitiveness, utility and quality. An example is equipment special purpose, issued in due time on special order. The number of possible assumptions in assessing equipment depends largely on his age.
2
The profitable method consists in estimating its value,based on the definition of the estimated income derived from its operation. Using this method, it is necessary to represent the size of these revenues well for several years ahead. But since in addition to this equipment, many other factors contribute to income generation, the calculation is performed in several stages. First, determine the net income from the operation of the entire complex and on the basis of this - its total cost. From the result obtained, select the amount of revenue for the equipment.
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Comparative method involves comparisonequipment to be valued, with similar samples available on the secondary market, the price of which is already known. Comparisons are made with both exact and approximate analogues. Corrections are introduced in the absence of an exact analogue.
Tip 5: What is PEST analysis and its significance in the modern world?
PEST analysis (STEP in some sources) ismarketing technology that allows you to determine the aspects of the external environment that affect the company's operations. The analysis affects political, economic, social and technological spheres (Political, Economics, Social, Technological, respectively).