Market Trends & Competitor Analysis Project Template

Market Trends & Competitor Analysis Project in Priority Matrix

Track market trends and competitor activities to stay ahead in the retail industry.

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Proposed Tasks

Critical & Immediate

• Task 18: Review Sales Performance due in 13 months
  ☐ Review sales performance ☐ Identify areas for improvement
• Task 20: Final Project Review due in 15 months
  ☐ Review project progress and achievements ☐ Identify lessons learned and areas for improvement in future projects
• Task 1: Identify Key Market Trends due in 1 week
  ☐ Research current market trends ☐ Identify key trends relevant to the retail industry ☐ Analyze potential impact of trends on business
• Task 3: Create Market Trend Report due in 3 weeks
  ☐ Compile findings on market trends ☐ Create a comprehensive report ☐ Present findings to the team
• Task 5: Update Sales Strategy based on Findings due in 5 weeks
  ☐ Analyze findings from reports ☐ Update sales strategy accordingly ☐ Communicate changes to sales team
• Task 8: Quarterly Review of Market Trends and Competitor Analysis due in 3 months
  ☐ Review market trends and competitor analysis reports ☐ Update sales strategy if necessary ☐ Communicate any changes to the team
• Task 11: Review Sales Performance due in 5 months
  ☐ Review sales performance ☐ Identify areas for improvement
• Task 13: Half-Yearly Review of Market Trends and Competitor Analysis due in 6 months
  ☐ Review market trends and competitor analysis reports ☐ Update sales strategy if necessary ☐ Communicate any changes to the team
• Task 16: Update Sales Strategy due in 9 months
  ☐ Review sales strategy ☐ Make necessary updates based on market trends, competitor analysis, and feedback
• Task 17: Annual Review of Market Trends and Competitor Analysis due in 12 months
  ☐ Review market trends and competitor analysis reports ☐ Update sales strategy if necessary ☐ Communicate any changes to the team

Critical but not Immediate

• Task 19: Staff Training on Updated Strategies due in 14 months
  ☐ Train staff on any updated strategies ☐ Ensure understanding and implementation
• Task 2: Monitor Competitor Activities due in 2 weeks
  ☐ Identify main competitors ☐ Monitor their activities regularly ☐ Analyze their strategies and performance
• Task 4: Develop Competitor Analysis Report due in 1 month
  ☐ Compile findings on competitor activities ☐ Create a comprehensive report ☐ Present findings to the team
• Task 10: Staff Training on New Strategies due in 4 months
  ☐ Train staff on any new sales strategies ☐ Ensure understanding and implementation
• Task 15: Review Customer Feedback due in 8 months
  ☐ Review feedback from customers ☐ Make necessary adjustments to products and services based on feedback

Not Critical but Immediate

• Task 6: Monitor Market Changes due in 2 months
  ☐ Keep track of any changes in market trends ☐ Update market trend report accordingly
• Task 7: Monitor Competitor Changes due in 2 months
  ☐ Keep track of any changes in competitor activities ☐ Update competitor analysis report accordingly
• Task 9: Customer Feedback due in 3.5 months
  ☐ Gather feedback from customers on products and services ☐ Analyze feedback for insights into market trends
• Task 14: Staff Feedback on New Strategies due in 7 months
  ☐ Gather feedback from staff on new strategies ☐ Make necessary adjustments based on feedback

Not Critical & Not Immediate

• Task 12: Update Project Plan due in 6 months
  ☐ Review project plan ☐ Make necessary updates based on progress and changes