What is Competitor analysis?
Competitor Analysis: The process of evaluating competitors' strategies, strengths, weaknesses, and market positions to identify opportunities and threats in the business environment.
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Competitor Analysis: The process of evaluating competitors' strategies, strengths, weaknesses, and market positions to identify opportunities and threats in the business environment.
Introduction: Competitor analysis is a strategic approach where businesses identify, assess, and monitor competitors to understand their strengths, weaknesses, strategies, and potential actions. It is crucial for developing strategies to maintain competitive advantage, enter new markets, or launch new products. By analyzing the competitive landscape, companies can make informed decisions that enhance their competitiveness and strategic positioning.
Components of Competitor Analysis:
Implementing Findings from Competitor Analysis:
Benefits of Competitor Analysis: