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How to build a competitive analysis report with examples and tools

Sprout Social

Your company is launching a new product, eyeing a new market segment or contemplating a strategic pivot—as a seasoned marketer, your first move would be to conduct a competitive analysis. A competitive analysis report is a strategic document that examines the position and performance of your competitors in your business.

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Does Your Growth Strategy Need an Intervention?

Vision Edge Marketing

When you understand the unique challenges and goals of customers, you are better positioned to foster long-term loyalty, expand your footprint within a customer’s organization, and increase share of wallet. Market Development : Entering new markets or reaching new customer segments.

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Competitor mapping: The benefits and how to create your own

Sprout Social

Competitor mapping is the process of identifying competitors and analyzing their market position to visualize the overall competitive landscape. For example, you can determine how to optimize product placement by looking at how your competitors position their products through messaging, branding and packaging.

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How to Build a Successful B2B Go-To-Market Strategy

Launch Marketing

To assess your position or the position of competitors in the market, the SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis is one strategy that helps identify action items. What potential shifts could jeopardize your position? Knowing how you stack up against competitors is critical to brand positioning.

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How to conduct an effective competitive analysis in 7 steps

Tomorrow People

Most companies try to expand via market penetration—by finding new ways to make their current offering more appealing to their current segments. However, if they’re expanding into new countries and locations (or selling their offering to a completely new segment), then it’s a clear sign that their growth strategy is market development.

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Using Your Competitors’ Knowledge to Build Your Business

The Lead Agency

By understanding exactly who your competitors are, and what they are offering, you are best positioned to set your prices competitively and to market your products and services in a way that stands out. If you want to ‘win’ the customer, you have to think about brand positioning.

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Digital Personalization Trends for This Year

Marketing Insider Group

Use email segmentation to send email blasts centric to customer industries and interest 3. Gathering feedback from your customers and organizing it into a SWOT analysis will provide direction for your SMART goals on where you may need to pivot and what could potentially be revised in your digital personalization approach.

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