3-3 minutes<\/p>\n
A Radar Chart (also known as a Polar Graph, or Spider Chart) visualizes multivariate data which are used to plot one or more groups of values over multiple common variables represented on axes starting from the same point. Each axis represents a quantity for a different categorical value for the subject.<\/p>\n
The Radar Chart a good tool for comparing many alternatives at a time against criteria. It is very useful for portfolio decisions where you may consider several alternatives and commit to implementing just a few of them based on their relative merits. The benefits of a radar chart include:<\/p>\n
However, a limitation of a Radar Chart is that it tends to provide just a snapshot of the performance levels at any given time.<\/p>\n
The steps below outline the major steps to take in creating a radar chart.<\/p>\n
Competitive analysis is the process to identify and evaluate your competitors\u2019 strengths and weaknesses relative to those of your product or service. The evaluation should give you a better understand of you and your competitors, which helps you position your company better to play up your strengths and weaknesses.<\/p>\n
Now, suppose you were asked your customers to rank your product with two of your competitors on 8 aspects (Price, Advertisement, After-Sales Services, Quality, Product Durability, Appearance, and Diversity) and then show them graphically in form of a Radar Chart:<\/p>\n","protected":false},"excerpt":{"rendered":"