Tag: competition
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How to Set Up a Competitive Intelligence (CI) System
A Competitive Intelligence (CI) system allows businesses to gather and analyze competitive and market data to make informed decisions. It emphasizes setting clear objectives, identifying key competitors and sources, using appropriate tools, and establishing effective workflows. Continuous evaluation and improvement of the CI system lead to smarter business strategies and proactive market adaptation.
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How to Benchmark Against Competitors Effectively
You might believe your product is the best in the market, but without a structured way to compare it against competitors, you’re flying blind. This is where benchmarking comes in—a critical tool for product managers looking to make informed decisions, refine strategies, and maintain a competitive edge.
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Ethical and Legal Boundaries in Competitive Intelligence
Competitive intelligence is not about spying on your competitors or attempting to steal their secrets. Instead, it’s about gathering information that’s already out there—through public sources like press releases, industry reports, and even social media. As Warren Buffet once said, “If you can’t get it ethically, don’t get it at all.” Always rely on reputable…
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Part 2: How to Use Porter’s Five Forces for Competitive Advantage
Porter’s Five Forces isn’t just theory—it’s a battle plan for business. Mastering it helps you to stay ahead, outmaneuver competition, and build lasting success. Adapt, innovate, dominate. #BusinessStrategy #PortersFiveForces”
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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.
Florin Branici 