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Information you collect about competitors and customers, which helps you maintain a competitive advantage, is known as competitiveintelligence. Growing your market share is impossible without it in today’s hyper-competitive environment. What is CompetitiveIntelligence? Let’s break down the different kinds.
Now, you might be wondering: “Does all this online presence actually help with sales?” While Share of Voice measures your brand’s share of the overall conversation in your industry, Share of Market (SOM) measures your actual slice of the sales pie. Interesting, right? How to Calculate Share of Market?
As a Product Marketer, I know the research I conduct is only as valuable as the relative impact it has on the teams making strategic business, sales, and product development decisions everyday. Company/CompetitiveIntelligence Newsletter A Company Newsletter can take many forms. What performance signals did they point to?
Marketing teams can refine strategies, product teams can innovate, and sales teams can better position their offerings. Step 2: Gather intelligence Collect comprehensive data on your identified competitors. Use various sources to ensure you have a well-rounded understanding of your direct competition.
CompetitiveIntelligence (CI) gives sales teams critical information surrounding competitors, markets, and customers, which are all key factors when making strategic decisions. If done right, CI tools will empower sales and business development teams to: Get a better understanding of their targeted customers.
The tables, charts and other such forms of presenting data will vary across companies, by competitor and by focus of research e.g. product comparisons, sales benchmarking and so on. Many are of the basic SWOT variety, which are perhaps more suited to academic study than to actionable research in real life businesses.
Basic Concepts of Pricing Strategy Pricing strategy involves choosing the right price point to balance sales and profitability. Aligning these factors enables businesses to pinpoint the ideal balance that maximizes sales while securing a healthy profit margin. Market share is the percentage of sales a company holds within an industry.
CompetitiveIntelligence (CI) is the action of defining, gathering, analyzing, and distributing intelligence about the environment in which your business functions to gain a competitive advantage. In this blog, we’ll walk you through how a CompetitiveIntelligence Solution can make your job easier.
Contify, the AI-enabled market and competitiveintelligence solution for enterprises, has enhanced its offering with the launch of fully customisable portals to organise intelligence into separate modules for teams serving different functions and business verticals. About Contify.
Through extensive research and interviews, Fuld + Company developed a Battlecard for our client – a powerful sales enablement tool which compiles detailed competitor profiling to provide a clear picture of their capabilities. For a sample copy of this battlecard, please contact: Christian Schena. Download Case Study PDF.
Cultural intelligence (C) From SWOT to TOWS. We are taught SWOT – but a better model is to identify the external risks first. How are salespeople managed if they reject the findings of salesintelligence? A source of current intelligence to find new alliances, new partnerships, innovations, and new opportunities.
Your market research platform should help you assess the field through competitiveintelligence including product comparison, market share, and SWOT analysis. This includes competitive pricing, which is a technique frequently used by established businesses to block entry for new entrants.
Competitive analysis assists business owners and marketing teams to understand their company’s target market by examining the strengths and weaknesses of competitors' business strategies. Competitive analysis includes analyzing competitors' products, price points, and sales and marketing strategies. Where are they weakest?
Established competitor analysis frameworks include: SWOT Analysis – An analysis of your competitors’ strengths, weaknesses, opportunities, and threats. Conduct a SWOT Analysis This next step involves identifying and analyzing the strengths, weaknesses, opportunities, and threats for areas of your business or your competitor’s.
This is our third blog of the widely used SWOT (strengths, weaknesses, opportunities and threats) analysis to assess the value of Win/Loss analysis. You may upset their relationship between your company and Sales. Sometimes the interviewer interferes with a sale in progress due to miscommunication about timing the interview.
You’ll look at their product range and value propositions, their business model and brand and marketing strategies , their sales performance, and the amount of brand equity they have. Carry out a SWOT analysis. SWOT stands for strengths, weaknesses, opportunities and threats. Identify your competitors.
You’ll look at their product range and value propositions, their business model and brand and marketing strategies , their sales performance, and the amount of brand equity they have. Carry out a SWOT analysis. SWOT stands for strengths, weaknesses, opportunities and threats. Identify your competitors.
In short, marketing intelligence gives businesses the actionable insights they need to market more effectively. Differences from CompetitiveIntelligence While both help organizations learn more about their industry, marketing intelligence and competitiveintelligence have different focus points.
Best For: Klue is best suited for mid-sized to large organizations that need a robust solution for gathering and analyzing competitiveintelligence across various departments, including sales, marketing, and product management.
An enterprise search platform with generative AI capabilities enables you to quickly understand the most important things about a company, including SWOT analysis, competitive landscape, and earnings performance. They need a way to get up to speed efficiently, without missing key information.
And the fuel for these leaps and strides is competitive intel, which influences business strategy. What is Competitive Intel? Competitive intel uses powerful tools. CI tools like Battlecards can increase sales by upwards of 50% and techniques like Win/Loss can help boost customer retention by more than 12%.
Our suite of tools currently includes: Smart Summaries This feature allows you to glean instant earnings insights (reducing time spent on research during earnings season), quickly capture company outlook, and generate an expert-approved SWOT analysis straight from former competitors, partners, and employees.
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