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What is a competitive analysis? How do you make one?

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General Management

What is a competitive analysis? How do you make one?

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A competitive analysis allows you to assess your competitors strengths and weaknesses in your marketplace and implement effective strategies to improve your competitive advantage It helps to identify your competition determine and weigh their attributes assess their strengths and weaknesses and understand their objectives and strategies The main objective of competition analysis is to obtain a very thorough information about current as well as potential rivals That knowledge should be as comprehensive as possible It should possibly cover    See Answer
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