Question: Draft Components of Industry Analysis, Target Market & Competitor Analysis (Mobile app creates personalized nutrition programs for customers based on their diet, health objectives, and

Draft Components of Industry Analysis, Target Market & Competitor Analysis (Mobile app creates personalized nutrition programs for customers based on their diet, health objectives, and lifestyle.)

Industry Analysis should include:

  • Size and growth rate
  • Sensitivity to economic cycles
  • Technology change
  • Regulations and certifications
  • Supply and distribution channels

Target Market should include:

  • Who is your target customer or consumer
    • Demographics
    • Geographic
    • LifeStyle
  • Market size

The Competition

  • Who are your major competitors?
  • What will be your competitive advantage?
  • How will you gain market share?
  • Future competition (how will you create barriers to entry?)

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