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I agree with your comment. The structure proposed is too specific in my opinion. As an interviewer, I would like to keep it more general at the beginning, while we still don't know anything about either our company or the competitor. I would start to analyze our client VISO:
- Revenue, Profits, and Trends (--> to see the overall outlook of the company)
- Who are their customers?
- Which products do they offer? Credit Card, or other bundles?
- How do they reach out to customers? (--> physical bank, online, etc. --> marketing strategies differ)
- Brand recognition
Then I would go on inquiring about the MARKET AND COMPETITOR
- MKT size and trends
- Competitors
- For the new competitor, I would then like to understand who they are, which products they offer at which conditions, their revenue model, their objective (high margins, mkt share, brand positioning)
Then I will eleborate on the STRATEGY to pursue the client's objective