Market research
Step 1: RESEARCH
Search online and find 1-3 articles that discuss the competition between Target and Walmart. For each article:
- Identify Provide a link to the article.
- Identify which aspects of the article will be helpful as you conduct your SWOT analysis.
Step 2: STRENGTHS
Based on your own experiences shopping at Target and Walmart and the research you conducted:
Identify 1-2 strengths Target has in comparison to Walmart. For each strength, explain your rationale.
Step 3: WEAKNESSES
Based on your own experiences shopping at Target and Walmart and the research you conducted:
- Identify 1-2 weaknesses Target has in comparison to Walmart. For each weakness, explain your rationale.
Step 4: OPPORTUNITIES
Based on your own experiences shopping at Target and Walmart and the research you conducted:
Identify 1-2 possible opportunities Target has to be more competitive with Walmart. For each opportunity, explain your rationale
Step 5: THREATS
Based on your own experiences shopping at Target and Walmart and the research you conducted:
- Identify 1-2 possible threats that might diminish Target’s competitiveness with Walmart. For each threat, explain your rationale
Step 6: WHO WILL COME OUT AHEAD?
Based on your SWOT analysis, do think that Target or Walmart is better positioned over the long term to come out ahead? Why?
Step 7: REAL_WORLD APPLICATION
Conduct a SWOT analysis for your company and one of its biggest competitors using the methodology outlined in Steps 2-5.