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A competitive analysis report is a comprehensive document that examines the strengths and weaknesses of a business’s competitors. With this report, businesses can understand their competitivelandscape and identify their key competitors. It will also highlight the competitiveposition of the two in the global market.
This helps in understanding a competitor’s overall strategic position and potential areas for growth or risk. This helps provide a broader context for the external factors influencing your competitivelandscape. This helps companies understand the underlying forces driving competition in their industry.
Step 2: Understanding competitors Competitive analysis IT leaders must understand the competitivelandscape to position their organization for success. Understanding the company’s competitiveposition allows IT leaders to mindfully act to implement technology for competitive advantage.
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