Competitor Analysis to Beat The Competition

This is a picture representing a Rocket taking off on a blue background for an article called the importance of Commercial Intelligence and analysis for 2021 business planning by Octopus Competitive Intelligence beat competitors increase sales reduce risk solve problems Competitor Analysis How to research your competition before launching your own product or service? Using Marketing Intelligence to improve your business Competitor analysis to beat the competition. Marketing research analysis introduction. The Importance of Competitive Intelligence with A Guide to Competitor Analysis Frameworks for Business Growth. How Do You Analyse Industry Growth? A Guide to Market Growth Analysis

Competitor analysis to beat the competition

In business, competition is inevitable, and to stay ahead of the curve, companies must continually analyse their competitors. However, competitor analysis is more than just obtaining data, it’s about understanding your competitor to outwit them.

Most businesses understand the importance of competitor analysis. After all, it is impossible to make informed strategic decisions without first knowing who your competition is and what they are up to. However, many businesses fail to realise that competitor analysis is not just about obtaining data; instead, it is all about understanding your competitors to outwit them.

Your strengths and weaknesses

Competitor analysis starts with understanding your strengths and weaknesses. As you research your competitors, this self-awareness gives you a foundation to build. Once you know what you’re up against, you can develop strategies to stay ahead of the competition. Competitor analysis is never just about obtaining competitor data. Instead, it is all about competitor understanding that you can use to outwit them. 

Monitor the competition

To be successful, businesses must continuously monitor the competition and look for ways to stay ahead. This process starts with understanding who the competitors are and what they are doing. Only then can businesses develop strategies to outwit them.

There are many ways to collect competitor data, but simply gathering data is not enough. It is also important to understand what the information means and how it can be used to improve your own business. Competitor analysis is essential for any business that wants to stay ahead of the competition. You can develop strategies to outsmart your competitors and win market share.

Competitor analysis to beat the competition

In conclusion, competitor analysis is not just about gathering data on your competition, it’s about understanding your competition and using that information to your advantage. By understanding your competitor’s strengths and weaknesses, you can make strategic decisions that will help you stay ahead of the competition.

What is competitive intelligence?

Competitive intelligence is the finding & critical analysis of information to make sense of what’s happening & why. Predict what’s going to happen & give the options to control the outcome. The insight to create more certainty & competitive advantage.

This is a drawing of the Octopus Intelligence Logo By Octopus Competitive Intelligence, Due Diligence, Competitor Analysls, Market Analysis, Competitor Research and Strategic Business Development to beat your competitors, increase sales and reduce risk


We Find The Answers To Beat Your Competitors

Bespoke, people-powered competitive intelligence to create insight you can do something with. We help you be more competitive, beat your competitors and win more business.

But enough about us, let's here about you:

Please enable JavaScript in your browser to complete this form.