Identify Strengths and Weaknesses:

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d prices. A wide range of products sold gives customers more choices. Also, pay attention to your competitors' activities in areas such as customer service and after-sales support.

While examining the strategies of competitor companies, also analyze their performance.

We can divide the issue of finding strengths and weaknesses into two.

Your Company's Strengths and Weaknesses:
Strengths and Weaknesses of Your Competitors:
If you determine the strengths and weaknesses of your own company as a first step, venezuela phone numbers it will be easier to compare it with the strengths and weaknesses of your competitors and find the strategy you will determine.

The most common mistake made when determining strengths and weaknesses is not being objective. Be objective and realistic when making this determination.

Develop Suggestions:
Based on the results of your competitor analysis, develop recommendations for your own company and make new strategic decisions in line with these recommendations.

Competitor Analysis Methods
Competitor Analysis Methods

You can use different methods when doing competitor analysis. Which method you will use is determined by which topic you will focus on, for example, if you want to focus on strengths and weaknesses, you can do SWOT Analysis. There are many different and distinct methods for competitor analysis. The 3 most commonly used methods have always been SWOT Analysis, PEST Analysis and Competitor Sequence Method.

SWOT Analysis:
SWOT Analysis Method , which takes its name from the first letters of the words strengths , weaknesses , opportunities and threats in the English language , is a strategic planning and management technique used to identify the strengths and weaknesses of companies and then analyze the opportunities and threats in these directions.

The SWOT analysis method is designed to be used in the preliminary stages of decision-making processes regarding your company.