Business competition is something that brings health and life in the life of businesses.
We have experienced a paradigm shift from monopolistic
umbrella to a more competitive business environment.
In a competitive business environment, competitor
analysis is important.
Know your competitors by name, numbers, more
importantly what are their strengths and strategies.
The very important concept in competition is,' Love your competitor for he/she makes you stronger'.
Therefore the entrepreneurs should pray that there competitors should be alive as their existence ensures their visibility at the market place in terms of quality of products,innovation and efficiency.
The greatest of all commandments in Business competition is 'dont kill your competitor for he/she assures your visibility in business'
There are many ways of fighting competition from price setting,to promotion to offering discounts to customer care to superior product design to offering guarantee to first move advantage to caring for internal customers(employees)
The very important concept in competition is,' Love your competitor for he/she makes you stronger'.
Therefore the entrepreneurs should pray that there competitors should be alive as their existence ensures their visibility at the market place in terms of quality of products,innovation and efficiency.
The greatest of all commandments in Business competition is 'dont kill your competitor for he/she assures your visibility in business'
There are many ways of fighting competition from price setting,to promotion to offering discounts to customer care to superior product design to offering guarantee to first move advantage to caring for internal customers(employees)
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