to stay ahead of the game
Competitor analysis is a process of identifying and assessing the strengths and weaknesses of your competitors in order to gain a competitive advantage. The goal of competitor analysis is to understand your competitors’ strategies and how they are planning to grow their business.
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Analyzing your competitors' strengths and weaknesses in order to identify your own competitive advantage is the process of competitor analysis.
Limitless Possibilities. What will you do for your business?
Find out who your competitors are as a first step. This can be accomplished by performing market research or by employing technologies for market intelligence.
Analyzing their financial statements, client testimonials, website traffic, and other data are effective ways to do this.
Improved products or services, a more effective business model, or improved customer service are all ways to achieve this.
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