December 13, 20222 min

Competitive and market analysis

Notes from the talk of Lokesh Kannaiyan at The Product Space.


Competitive and market analysis

Notes from the talk of Lokesh Kannaiyan at The Product Space.

The talk began by quoting the Thirukkural on the need to understand the strength and weakness of yours and your competitors.

திருக்குறள் : 471 
வினைவலியும் தன்வலியும் மாற்றான் வலியும் 
துணைவலியும் தூக்கிச் செயல்.

**உரை:
**செயலின் வலிமை, தனது வலிமை, பகைவரின் வலிமை, இருசாராருக்கும் துணையாக இருப்போரின் வலிமை ஆகியவற்றை ஆராய்ந்தறிந்தே அந்தச் செயலில் ஈடுபட வேண்டும்.

**Translation
**The force the strife demands, the force he owns, the force of foes, The force of friends; these should he weigh ere to the war he goes.

**Explanation
**Let (one) weigh well the strength of the deed (he purposes to do), his strength, the strength of his enemy, and the strength of the allies (of both), and then let him act.

Three types of knowledge the PM should have

  • Organizational — Who is involved?
  • Product — Ecosystem, Technology
  • Industry — Competitors, Customers, Partners

How to gain industry knowledge?

  • Market research
  • Market trends
  • Social Media
  • Company insights
  • Review forums
  • Product Collateral

Market Research

  • Ovum Decision Matrix (ODM)
  • IDC Innovators

Market Trends

Review Forums

Social Media

  • Relavant hashtag monitoring

Company Insights

Product Collateral

  • Data sheet
  • White papers
  • Demos
  • Webinars
  • Blog
  • Reports
  • Videos
  • Case Studies

Segregation of competitors

  • Direct
  • Indirect
  • Potential
  • Substitute

Frameworks

  • Competitor Profile

https://www.aha.io/roadmapping/guide/templates/competitor-analysis

  • Competitor Overview

https://www.aha.io/roadmapping/guide/templates/competitor-analysis

  • Feature Dump → Feature Analysis (Harvey balls framework)

https://www.aha.io/roadmapping/guide/templates/competitor-analysis

  • Imitability Ladder

https://www.aha.io/roadmapping/guide/templates/competitor-analysis

  • Competitive Differentiation Analysis

https://www.aha.io/roadmapping/guide/templates/competitor-analysis


Full talk here on The Product Space channel

The video quality is poor, and I apologize for the same. You can use the above notes as a reference for the slides discussed.

Originally published on Medium