Category: #Edge
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Porter’s Five Forces – The Essential Tool for Business Strategy
Every business faces competition. But to succeed, you need more than just a general understanding of your competitors — you need to understand the forces driving competition. That’s where Porter’s Five Forces comes in. Developed by Michael Porter, this model gives you a comprehensive way to analyze the competitive forces in your industry.
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Practical Tips for Effective Competitive Intelligence
The ability to navigate the competitive landscape is crucial for business success. Companies must broaden their competitive analysis beyond direct rivals, considering indirect competitors and alternative solutions. Effective competitive intelligence can be gathered affordably through customer feedback and social media. Proactive strategy development based on insights is key to maintaining relevance and achieving growth.
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Why Competitive Analysis is Essential for Product Managers
Competitive analysis is one of the most important skills for any product manager. It’s not just about watching your competitors; it’s about understanding the broader market and using that knowledge to shape your product strategy. As you grow in your career, make sure that competitive analysis becomes an ongoing process, not just a task to…
Florin Branici 