ABOUT THE WEEK 8

The session number eight was essential as it gave ideas of the analysis that could be used for our research. The analysis mentioned were PESTLE and Porter's 5 forces as well as the SWOT analysis. Getting familiar with these reaserch methods helped completing the assignemnts from other units, too. I personally think, that the reserach based on theese kind of tests can help us (students) look at the businesses from other perspectives as we normally see. Even though we are marketing students, we still tend to look at the brands from the consumer's point of view because we experience this role the most. The analysis deliver an overview of the company from the business point of view. We look at Polotical, Economic, Social, Technological, Ethical (Environmental) and Legal factors to be able to characterize the company and so help to develop its further objectives through the project.

Especially helpful is to use mentioned methods when analysing brand's competitors. They can show how strong the position of the brand at the market is and also how competitors can influence the business. Because the competition is very often the factor that harms many business, to look at these techniques might not be just essential but crucial for any company. 

We have been shown many useful materials to better understand the competition of the brands at the market. I think all the groups will find them helpful when creating a actual campaign for their projects to avoid repeating competitors campaigns in any matter.  

Lucia

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