Question: b . Competitor Analysis Include the following: i . Direct and indirect competitors identified; prioritization based on share of wallet ii . Position map created
b Competitor Analysis
Include the following:
i Direct and indirect competitors identified; prioritization based on share of wallet
ii Position map created based on points of differences and parity between prioritized competitors
Points of Parity Given Brand X and Key Competitors
eg Price pointeg Brand X and Y offer product A at a similar price point
Points of Difference Brand X and Key Competitors
Factors Brand X Competitors
eg Warrantyeg standard warrantyeg generous warranty beyond industry standard
what is CRADLECanadian Remote Access for Dementia Learning Experience
iii. Key competitive advantageUSP of the brand identified and stated
Positioning is often how brands differentiate. Based on the position map above, include the positioning statement in the following format:
To target audienceBrand X is the product category that provides key benefitdifferentialproblem to be solved because promise Points of Difference: Cradle vs Competitors
Factors
Target Audience
Cradle CRADLE:
Specifically designed for unregulated care providers such as personal support workers PSWs
Competitors:
Aimed at a broader range of healthcare professionals and general caregivers.
Language Options
Cradle CRADLE:
Offers multiple language options, making it accessible to a diverse group of users.
Competitors:
Primarily available in English, which may limit accessibility for nonEnglish speaking users.
Pricing
Cradle CRADLE:
Free of charge, ensuring that financial barriers do not prevent access.
Competitors:
Typically requires payment, which may include subscription fees or onetime purchase costs.
Content Specificity
Cradle CRADLE:
Content is specifically tailored to meet the needs and circumstances of unregulated care providers, ensuring relevance and practical application.
Competitors:
Provides broad content that is applicable to a wide range of healthcare professionals and caregivers, which may not address the specific needs of unregulated care providers as effectively.
By focusing on these distinct advantages, Cradle CRADLE offers a unique and valuable resource tailored specifically for unregulated care providers, enhancing their skills and knowledge without the barriers of language or cost
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