Task: Perform Competition Analysis
The purpose of Competition analysis is to understand the competitive scenarios for the product and help in formulating effective product strategy.
Relationships
Main Description

The Competition Analysis process involves gathering all relevant information about different competition for the product in the market, performing analysis and predicting the possible strategies of the competition.

Product Management Head shall initiate the competition analysis with clearly defined objective (typical objectives are business plan, product strategy, pricing, sales enablement, etc.) and Product Marketing Manager shall perform this activity. 

Product Marketing Manager shall prepare the detailed competition analysis document. 

Product Management Head shall review and accept for the document or ask for further updates/details as required for the objective.   

The frequency of the competition analysis activity shall be decided during the product planning. It can be on quarterly basis or on need basis.

Roles & Responsibilities:

Responsibility

Product Strategist, Product Marketing Manager

Accountability

Product Management Head

Consulted

Product Technical Manager, Solution Architect, Sales Team, Engineering Team

Informed

 

Reviewer

Product Management Head

Approval

Product Management Head

Trigger/Entry Criteria:

Product Management Head initiates the competition analysis with a request with specific objective.


More Information
Guidelines