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How to Create a Competitive Analysis Template in 2023

Netbasequid

It’s what the best performers do: According to Emerald , 90 percent of Fortune 500 companies use competitive intelligence to gain an edge over their competitors. Assuming you want to know who your closest rival is and then perform a competitive intelligence against it, you have to define your competition first.

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What is a Competitive Analysis? 2023 Guide

Netbasequid

Being aware of your competitor’s provider can help you determine their competitive position: Are they able to reach consumers as far as you? Customer Power In this customer-centric era of business, the power of the customer is a given, but it must be analyzed more closely during competitive analysis.