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Six steps to creating a successful IT strategy: A guide for CIOs

CIO

Understanding the company’s competitive position allows IT leaders to mindfully act to implement technology for competitive advantage. A prioritization matrix can be used to rank gaps, highlighting those that require immediate attention versus those that can be addressed over a longer time frame.

IT 501
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How To Do Competitor Analysis

Aqute Intelligence

This allows you to capitalize on your advantages and address your weaknesses to better compete in the market. This competitive market analysis helps you understand what makes your competitors' offerings appealing to customers and how they differ from your own, giving you a competitive advantage.

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Crucial Competitor Tracking Tips & Ideas

Netbasequid

Creating a competitive analysis provides a strategic advantage by comprehensively understanding the competition. The more comprehensive understanding businesses have of their competitors, the more advantageous their position becomes in the market.