4Cs Analysis
The 4Cs Analysis is a marketing framework that focuses on four key elements:
- Company Analysis
- Objects
- Strengths / Weaknesses
- Current / Past Performance
- Fit with other products
- Category Analysis
- Dimensions
- Trends
- Structure
- PEST
- Competitor Analysis → Use this to understand the market
- Direct / indirect competitors
- Their current / previous strategies
- Importance of this market to them
- Likely actions and reactions
- Customer Analysis → Use this to perform possible segmentation
- Needs and wants
- Shopping / usage behavior
- Buying process