An important part of part of developing a competitive advantage vis-_is your competition is…

An important part of part of developing a competitive advantage vis-_is your competition is knowing what your competition is doing to attract and retain customers. In XXXXXXXXXXwords, explain the benefits of knowing how everyone else is doing compared to yourself. Once you understand this, you are ready to investigate your competition. Part I In XXXXXXXXXXwords, explain steps you would take to investigate your competition by addressing the following questions: How would you determine how your competition is doing in a particular market segment (in general) as compared to yourself? What
An important part of part of developing a competitive advantage vis-_is your competition is knowing what your competition is doing to attract and retain customers. In XXXXXXXXXXwords, explain the benefits of knowing how everyone else is doing compared to yourself. Once you understand this, you are ready to investigate your competition. Part I In XXXXXXXXXXwords, explain steps you would take to investigate your competition by addressing the following questions: How would you determine how your competition is doing in a particular market segment (in general) as compared to yourself? What associations would you network with in order to understand how your business would build competitive advantage? What steps would you take to build and maintain a competitive advantage? How might competitive advantage in one market segment work to position you to gain competitive advantage in other segments of the industry. Part II Based on your findings above, select a brand in the hospitality industry such as a restaurant, hotel, cruise line, or casino that is losing market share to its competitors. In 500 words, propose ideas and differentiation tactics in order to increase its popularity in the brand's market segment. Support your suggestions by researching the brand's main competitors and the strategies it is using. General Requirements Include at least three relevant references in this assignment. Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required. This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion. You are required to submit this assignment to LopesWrite. Refer to theLopesWrite Technical Support articlesfor assistance.

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