Competitive Analysis Explained
Competitive analysis involves evaluating the strengths and weaknesses of competitors to identify market opportunities and threats. It helps businesses refine strategies and gain a competitive edge. HubSpot contributor Christine White has published an article explaining competitive analysis. She says, “In this article, I’ll break down the steps I follow to conduct competitor analysis and identify ways to one-up top brands in the market. Here are six main reasons I perform a competitive analysis exercise whenever working with a brand for the first time. 1. Find competitors’ strengths and... [...]