Track Market Trends & Competitor Activities Template

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Ensure your olive oil business stays competitive by keeping track of market trends and competitor activities in the wine and spirits industry. This template helps you stay informed and agile, offering a structured approach to daily market analysis, competitor product evaluations, and strategic planning.

By using this template, you can systematically gather and analyze critical market information, identify new opportunities, and make informed decisions to stay ahead in the ever-evolving market landscape.

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Track Market Trends & Competitor Activities for Priority Matrix

Track Market Trends & Competitor Activities in Priority Matrix

Stay updated with market trends and competitor activities in the wine and spirits industry.

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Proposed Tasks

High Impact, Immediate Action

  • Task 1 due in 1 day: Daily Market Analysis
    ☐ Study daily market trends ☐ Analyze customer behavior ☐ Identify potential opportunities
  • Task 2 due in 1 week: Competitor Product Analysis
    ☐ Identify competitor's new products ☐ Analyze their product features ☐ Compare with our products

High Impact, Strategic Planning

  • Task 3 due in 2 weeks: Monthly Market Report
    ☐ Prepare a report on monthly market trends ☐ Identify potential threats and opportunities
  • Task 4 due in 1 month: Competitor Strategy Analysis
    ☐ Study competitor's marketing strategies ☐ Analyze their effectiveness ☐ Identify areas of improvement for our strategy

Low Impact, Immediate Action

  • Task 5 due in 1 week: Customer Feedback
    ☐ Collect customer feedback ☐ Analyze feedback for product improvement
  • Task 6 due in 1 month: New Product Ideas
    ☐ Brainstorm new product ideas ☐ Evaluate feasibility of ideas

Low Impact, Strategic Planning

  • Task 7 due in 2 months: Market Projection
    ☐ Forecast future market trends ☐ Plan accordingly for product development and marketing
  • Task 8 due in 3 months: Competitor's Future Plans
    ☐ Study competitor's future plans ☐ Plan counter strategies