First, pick a company that is dominating its industry (e.g., it’s clearly the top, or top two, company in its field in terms of revenue, brand recognition, ranking, etc).
Next, pick a challenger in the same industry who is trying make headway and compete with this sector-leader (think upstart, newer entrant in the same field).
Then, research each company’s marketing mix (focusing on their leading product).
For your essay, address each of the following:
- Briefly introduce the two companies you chose.
- In doing so, summarize what you learned about their marketing mix*.
- For the challenger: discuss how their approach to the marketing mix attempts to differentiate from and compete with the dominant player.
- Wrap up: Share two marketing recommendations to strengthen or improve the challenger’s competitiveness, appeal, etc.
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