Biotech Market Trends and Competitor Analysis Template

Biotech Market Trends and Competitor Analysis in Priority Matrix

Stay ahead in the biotech industry by monitoring market trends and competitor activities for strategic decision-making.

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Proposed Tasks

Critical and Immediate

• Create a Competitor Database
  ☐ Identify main competitors ☐ Create a database with relevant information
• Establish Market Monitoring Team
  ☐ Assemble a team dedicated to monitoring market trends ☐ Assign roles and responsibilities
• Present Competitor Analysis Findings to CEO
  ☐ Prepare a report on competitor analysis findings ☐ Present findings to CEO
• Present Market Analysis Findings to CEO
  ☐ Prepare a report on market analysis findings ☐ Present findings to CEO
• Train Team on Competitor Analysis Method
  ☐ Provide training on the competitor analysis method ☐ Ensure understanding and capability
• Train Team on Market Analysis Method
  ☐ Provide training on the market analysis method ☐ Ensure understanding and capability

Critical but not Immediate

• Conduct First Competitor Analysis
  ☐ Conduct first competitor analysis using the developed method ☐ Analyze and discuss results
• Conduct First Market Analysis
  ☐ Conduct first market analysis using the developed method ☐ Analyze and discuss results
• Create a Schedule for Regular Market Analysis
  ☐ Determine the frequency of market analysis ☐ Create a schedule and assign responsibilities
• Develop Market Trend Analysis Method
  ☐ Identify key market indicators ☐ Develop a method for regular analysis

Not Critical but Immediate

• Create a Schedule for Regular Competitor Analysis
  ☐ Determine the frequency of competitor analysis ☐ Create a schedule and assign responsibilities
• Develop Competitor Analysis Method
  ☐ Identify key competitor activities to monitor ☐ Develop a method for regular analysis
• Update Competitor Database
  ☐ Update database with any new competitors ☐ Update database with any changes in existing competitors
• Update Market Monitoring Team
  ☐ Update team with any changes in market trends ☐ Update team with any changes in competitor activities

Not Critical and not Immediate

• Review and Improve Competitor Analysis Method
  ☐ Review effectiveness of competitor analysis method ☐ Make improvements as necessary
• Review and Improve Competitor Database
  ☐ Review effectiveness of competitor database ☐ Make improvements as necessary
• Review and Improve Market Analysis Method
  ☐ Review effectiveness of market analysis method ☐ Make improvements as necessary
• Review and Improve Market Monitoring Team
  ☐ Review effectiveness of market monitoring team ☐ Make improvements as necessary
• Review and Update Competitor Analysis Schedule
  ☐ Review effectiveness of competitor analysis schedule ☐ Make updates as necessary
• Review and Update Market Analysis Schedule
  ☐ Review effectiveness of market analysis schedule ☐ Make updates as necessary