what is the meaning of competitive analysis?

[kimhartlin0]

what is the meaning of competitive analysis?

[jeffscott]

Competitive analysis is application of studying your competitors footprints of success and improve them in purpose of outranking them in the competition.

[amitkumar]

it means analyze competitors sites and check how much their traffic gain.

[RH-Calvin]

A competitive analysis is a critical part of your company marketing plan. With this evaluation, you can establish what makes your product or service unique--and therefore what attributes you play up in order to attract your target market.

[David910]

Competitor analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors. This analysis provides both an offensive and defensive strategic context to identify opportunities and threats. Profiling combines all of the relevant sources of competitor analysis into one framework in the support of efficient and effective strategy formulation, implementation, monitoring and adjustment.

[sin123GN]

It is the process of identifying the Competitors and evaluating their strengths and weaknesses against our own products or services is called Competitor analysis.

[vino]

Competitive analysis is the process of gathering and analyzing for your competitors, their practices, products strengths and weakness for marketing strategies.

Google provide many more competitive analysis tools analysis that tools check your website who is the competitors for your products.

[hrishivardhan]

It's basically a process of gathering all the data from the competitor and take the benefit from that data as much as possible