SWOT Analysis Competitor We need to make a SWOT Analysis with competitors who are at a higher level, the same as us

[zihadhasan010]

So that we know what values ​​& strategies we can use to win in the future.

Okay, now that we know our competitors, let's first look at their strengths.

What are they doing?

Maybe they have a super creative team, or they have a strong marketing game.

Write down all their strengths.

We also need to know their weaknesses.

Maybe they are slow in the process, or their luxembourg phone data customer service is weak.

List all their weaknesses.

Only then can we find opportunities after knowing our competitors' weaknesses.

What opportunities are there in this market that we can take advantage of?

Maybe many people now like sustainable products, or maybe there's a new trend that we can join.

By looking at this opportunity, we can adjust our business strategy.

Don't forget to list the threats to our business.

What could be a threat to our business?

Maybe a new competitor has emerged, or a new technology that could disrupt our market.

With this step, we can prepare ourselves and have strategies to deal with it.

After listing down everything about our competitors, we have to compare it to our own business . What we have that they don't have, and vice versa.

For example, maybe we have a more passionate team, or we have a more loyal customer base.

This is the material for us to build a strategy that is different from theirs.

After doing a SWOT Analysis with competitors, now we have to plan our next moves.

Based on what we've seen, what do we want to do?
Maybe we want to train the team, or we want to improve customer service.
Once we have planned a strategy, we have to execute it quickly.