Question
A strategy group analysis helps in understanding the competition in the auto industry by identifying the different groups of competitors within the industry. It allows us to see the similarities and differences between these groups, and understand their competitive strategies. This can help in identifying potential opportunities and threats, and in developing a competitive strategy.
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For example, think about the competition in the auto industry. There are so many automotive companies, from legacy giants like Toyota and VW with great assembly lines and scale to new EV upstarts popping up every day that want to compete and become the next Tesla. With a market cap of over $700B, can you blame them? But with so much competition, how do any of these startups offer something unique that other legacy brands don't can't? A strategy group analysis can help.
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