How will your competitors win the war in the future?

 

With a new year around the corner, it is the time when some reassess their business position. With this in mind here are some questions to think about.

  • If competitors are consistently beating you, how much revenue have you lost?
  • How much has easily avoided strategic and tactical mistakes cost your company over the past 12-24 months?

Can you shut out your competition?

If you could step around those mistakes and shut out your competition, what would that be worth? It's important to get to know your competitors and disruptors very well. These questions may offer some direction:

  • How do they plan to compete with you the future and how committed are they to achieving their declared strategic objectives?
  • Are they capable of doing what they want to do?
  • How does their management team think and act? Can they become disruptors or are they tired and reactive?
  • What is their vision? What do they tell the press or their people about their plans?

Are they getting in your way?

      • Do their objectives get in your way?
      • What options are open to you for dealing with an ever changing competitive environment, an emergence of new “more powerful” rival or the transform of technology?
      • Where do they compete with you? In what segment and which clients and how do they differentiate themselves and their offerings?
      • What makes your competitors the choice of some of your customers?
      • Also, what, in the eyes of your customers, differentiates “them” from “you”?
      • and what do their financials look like? How do your competitors make money and profits?
      • Do they make their profits from having created better products and services?
      • How much cash do they have?
      • Can they react to impacts that you might make in the marketplace?
      • How much funding have they raised to date? When was it raised? Why and have they used it well?
      • What are their future intentions? Not an easy question, but it should be one of the most important questions that you try to answer.
      • Could they be acquired or are they looking to buy?
      • What could they do to achieve growth?
      • In the next three years, which segments will your competitors be targeting?

About Octopus Intelligence

 
Octopus is a global Intelligence service company. Answering the questions to help you grow.
 
We help brands and investors like yourself reimagine how you can beat your competitors, make more money, be disruptive, and enter new markets. Enabling you to grow faster with more certainty with Competitive Intelligence, Due Diligence and good old common sense. We live in an increasingly uncertain, competitive and ever-shifting world. What you need is active real-world strategy. Where deep expertise combines with Competitive Intelligence based actions.  To answer the what and the how, for the now and the next.
 
 
 
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What is Competitive Intelligence?

This is an icon of the Competitive Intelligence button. Beat competitors, increase sales, solve problems, Competitive Intelligence & Competitor Analysis with Octopus Intelligence. Free Competitive Intelligence templates what is competitive intelligence

Competitive Intelligence is the ethical collection and analysis of competitive information to enable you to avoid surprises, think more moves ahead, and minimise uncertainty to enable more informed strategic decisions. It gives you the ability to differentiate yourself and stay ahead of the competition, and in many cases, can be the unspoken, hidden key to success.