This assignment will help provide a solid foundation for your businesss strategic direction. You will develop a compelling value proposition for your business, which will start with conducting an in$-$depth analysis of your industry, then looking at your competitors and determining your competitive advantages. You'll also integrate insights from customer discovery interviews.Instructions:Industry Analysis:Utilize census data and industry reports to identify trends, growth patterns, and the number of businesses operating within your industry.Analyze the data to understand the overall health and trajectory of the industry you are entering.Competitive Research:Identify the top three competitors in your industry. For a localized business, focus on competitors within your geographic market.Gather information on each competitors market share, strengths, weaknesses, and customer base.Competitive Grid:Create a competitive grid that compares your proposed business with the identified competitors across various attributes such as price, quality, service, access, and technology.Highlight areas where competitors are excelling or lacking.Identify Your Competitive Advantage:Based on your competitive grid analysis, identify potential areas where your business can outperform the competition.Articulate the unique benefits and differentiators that your business can offer to customers.Value Proposition Development:Integrate the findings from your industry analysis, competitive research, and insights from customer discovery interviews.Formulate a clear, concise value proposition statement that communicates the unique value your business will provide.Deliverables:A comprehensive industry analysis report including data interpretation and implications.A competitive grid showcasing how your business compares with top competitors.A well$-$defined competitive advantage statement.A succinct value proposition statement for your business