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Provide a paragraph explanation on how to conduct an analysis of competition for the Panera Bread...

Provide a paragraph explanation on how to conduct an analysis of competition for the Panera Bread company, and describe how this process relates to one of the five stages of strategic management.
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Examination of rivalry includes three stages. The initial step is to characterize the opposition scene and distinguishing proof of direct/aberrant and potential contenders. The second step is to gauze the competitors intent by trying to understand the assumptions held by the competitors and observations of behavioral trends displayed by the competitors. At long last, the last advance would be comprehended the capacities, qualities and shortcomings of the contenders.

Rivalry examination is a piece of the second phase of vital administration i.e. Accumulate and break down information. Competition analysis is one of the external analysis that is carried out during strategic management of a company

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