1. Competitor analysis
In today’s highly competitive market, it is extremely recommended that every business should
analyze their competitors every now and then. This is also true with SEO.
With thousands of SEO companies having set their strong foothold as well as with many others
burgeoning up, it would be a grave oversight to underestimate your competitors.
In order to remain on top of competition and even make through in this cut-throat business
rivalry, it is really crucial to learn what your competitors are doing online. Therefore, it is highly
necessary to undertake an In-Depth Competitor Analysis not only regularly but even at the start
of your search engine optimization campaign of your business.
What is Competitor Analysis?
Competitor analysis is a crucial part of an SEO campaign in which one study assesses and
analyzes in detail all aspects of each current and potential competitor’s online marketing
strategy.
Why do a Competitor Analysis?
Many SEO services provide SEO packages that include competitor analysis though many still
believe in the high ranking of their keywords as a tangible proof of a properly managed SEO
campaign. However, a high PageRank wouldn’t generate traffic; much less generate leads and
sales to the website, especially if a site ranks well for keywords that aren’t often searched.
So, it is actually much better, though Pagerank still matters, to focus on doing a competitor
analysis because it will:
help you determine the factors why they are ranking much better than your site
provide an informed basis to think and plan well for some SEO Techniques and strategies on
how to outrank your competitors
help your business understand their competitive advantages/disadvantages relative to competitors
generate understanding of competitors’ past, present and most importantly future online
marketing strategies
help predict the returns that may be made from future investments
Search Engine Optimisation Tips
In order to outrank and out-sale your competitors, do these SEO tips:
1. Discover who are your real and main competitors
Search Google for five of your keywords. The websites that have high rankings or rank best for
your keywords are your main competitors.
2. Analyze the Backlinks of your Competitors
Find out how many of the links to your competitors contain your target keywords then try to
have more inbound links that contain your target keywords than your competitors’ in order to
beat your competitor.
3. Check the PageRank spread of the linking pages
Find the Google PageRank of each page that links to your competitors, for it can also help you in
finding out why some websites rank higher than others. Then if you want to outperform them, try
to get more high PR links.
4. Check the top level domains of the linking pages
Try to have more backlinks from websites that use the corresponding top level domain than your
competitors
5. Check the content of the linking pages
Google prefers websites that get links from related websites. Try to acquire more inbound links
from related websites than the websites of your competitors.
6. Used these specific key metrics in analysis
Page Authority (PA) gives a good picture of the relevancy and quantity of high quality sites and
domains that link to the page.
2. Domain Authority (DA) gives a good picture of the relevancy and quantity of high quality sites
and domains that link to the entire domain
Unique Domains – Page reflects the quality of inbound links that point to a specific URL or page
as Google looks at specific linking domains and the quantity of unique domains tends to be
better
Unique URLs – Page reflects the true quantity of inbound links as Google looks at the specific
linking URLs and domains.
Unique Domains – Domain reflects the true quantity of inbound links that point to the entire
domain as Google looks at the specific linking URLs and domains.
Unique URLs – Domain reflects the true quantity of inbound links that point to the entire domain
as Google looks at the specific linking URLs and domains.
KW Relevance – Page indicate how relevant a specific URL or page is for a specific keyword or
phrase
KW in URL reflects how many of the target keywords are present in the ranking URL
7. Compile & Review Search Engine Result Page (SERP) Data
Find out your three primary target keywords used by your competitors then gather and review
the Domain Authority, Page Authority, Keyword Relevance and Keyword in URL Data of these
targeted keywords.
Outsource Competitor Analysis to Outsource2india
Knowing all about your competitors is as important as having an inside knowledge of your business. Any
kind of organization, even in a monopolistic market, needs to identify and assimilate potential rivals’
strategies into their own decision making process.
Competitive intelligence or competitive analysis involves collecting, analyzing and applying information
about your competitors’ products / services, pricing strategies and customers in making business-critical
decisions.
How competitive analysis can help?
Outsource2india can help jumpstart strategic intelligence activities for your business by formulating a
custom plan for studying and analyzing competition in a market. Our competitive intelligence analysis
service uncovers critical information such as:
• Understanding strengths, weaknesses, opportunities and threats (SWOT) relative to your
competitors
• Understanding past, present and future strategies of competition
• Assessing competitors’ reactions to your firm's strategies such as those based on pricing or when
launching a new product / service
Outsource2india’s competitor analysis services
Outsource2india’s competitor intelligence analysis services aims to answer key questions about your
competitors in the market. These include:
1. Who is our competition?
2. What is the profile of our competitors?
3. What are the business goals of our competitors?
4. What threats / opportunities do they pose?
5. What market strategies are being followed by the competition and what is the success rate?
6. What are the strengths and weaknesses of our competitors?
7. How will our competition react to our business tactics?
By using multiple sources of data, online and offline, we can reveal what the competition is doing and
saying. Data sources that we use to gather information include:
• Annual reports / Balance Sheet
• Product Pricing
• Analyst reports
• Regulatory reports
3. • Tax filings
• Customer feedback / references
• Trade shows / Conferences
• Social Networks
• Discussions with ex-employees and distributors
• Newspaper articles
• Press releases
• Marketing promotions
• Recruitment activities
• R & D projects
• Capital investments
• Joint ventures / Strategic Alliances
• Mergers & Acquisitions
Competitor analysis framework used at Outsource2india
At Outsource2india, we use Michael Porter’s framework for analyzing competitors. The competitor
analysis framework is based on the following aspects of a competitor:
The competitor’s capabilities and strategy is what the competitor is currently accomplishing or capable of
doing in the future. The competitor’s objectives and assumptions are the factors that drive the competitor.
Competitive intelligence process at Outsource2india
Outsource2india utilizes a mix of both qualitative and quantitative data analysis to conduct a competitive
business intelligence assignment. By measuring various parameters and applying statistical software like
SPSS and SAS, we can derive thorough and descriptive reports about your competitors.
4. Quantitative data analysis
Quantitative analysis applies statistical models to measure market conditions and product related factors
with respect to your competitors. This gives not only information about your adversaries, but also the
standing of your own business and how you can improve / refine strategies to gain advantages.
These specific factors are analyzed:
• Target audience analysis
• Brand Equity / Recall
• Key drivers in the market for your products / services
• Compare product attributes with that of your competition
Qualitative data analysis
Qualitative analysis includes using web based research methods to collect and analyze competitive
intelligence information. A detailed report is prepared at the end of the analysis. The data is found on the
internet, relevant information is extracted and organized into an easy-to-comprehend format and the
unnecessary data is left out.
Partner with Outsource2india for world class competitive research
Outsource2india has helped companies of all sizes gain a business advantage by assessing their
competition on various parameters.
One of the most important pieces in the marketing and
business management is to analyze and research the
competition. In this article I will show you some very useful
tips on “reading” of the competition.
Trust me on that. There is no other activity you can participate in it and give you the depth of
perspective, analysis and how you can benefit from competition.
Let’s see how.
Identify your closest competitors. For each one, compare and contrast the following categories.
-The products or services you provide information to consumers.
5. -The prices they charge.
-What customers see as an advantage to that competitor.
-What do customers consider as weaknesses of the competitor.
-The customers – who are they?
-How many and who are loyal customers?
What happens if all the practices used to enhance customer loyalty.
Uses innovative business methods and products.
-The brand is worth planning.
-Who owns the company, what are the motivations and style.
Basically, people driving the business, style and motivation.
-What do you do better than that competitor.
-What do the same with this competitor.
-What do worse than this competitor (be honest!).
-In carrying out this type of analysis will reveal a treasure: the ideas of the new product and service,
ways you can improve and win at the beginning of your competitors.
No business operates in a vacuum, and the Internet has broadened immeasurably the choice in
most industries. If you do not scrutinize your competitors, “you lose a large bay, probably the
biggest” trick “of all time.”
As in the rest of his life, culminating in the submission. So to get the most from this exercise, you
should invest at least 4-8 hours a day.
But if you do it right, I promise that you will anarpastoi!
In fact, I predict that you will find it so useful that you should have no hesitation. Set a reminder to
repeat the process every 3-6 months to ensure that you are above your competitors.
Business takes place in a highly competitive, volatile environment, so it is important for
new property managers and property management companies to understand the competition.
Questions like these can help:
* Who are your five nearest direct competitors?
* Who are your indirect competitors?
6. * Is their business growing, steady, or declining?
* What can you learn from their operations or advertising?
* What are their strengths and weaknesses?
* How does their product or service differ from yours?
Start a file on each of your competitors; include advertising, promotional materials, and pricing
strategies. Review these files periodically, determining how often they advertise, sponsor
promotions, and offer sales. Study the copy used in the advertising and promotional materials and
their sales strategies.
What to Address in Your Competitor Analysis
* Names of competitors: List all of your current competitors and research any that might enter the
market during the next year.
* Summary of each competitor’s products: This should include location, quality, advertising, staff,
distribution methods, promotional strategies, customer service, etc.
* Competitors’ strengths and weaknesses: List their strengths and weaknesses from the customer’s
viewpoint. State how you will capitalize on their weaknesses and meet the challenges represented by
their strengths.
* Competitors’ strategies and objectives: This information might be easily obtained by getting a copy
of their annual report. It might take the analysis of many information sources to understand
competitors’ strategies and objectives.
* Strength of the market: Is the market for your product growing sufficiently so there are enough
customers for all players?
Ideas for Gathering Competitive Information
* Internet: The Internet is a powerful tool for finding information on a variety of topics.
* Personal visits: If possible, visit your competitors’ locations. Observe how employees interact with
customers. What do their premises look like? How are their products displayed and priced?
* Talk to customers: Your sales staff is in regular contact with customers and prospects, as is your
competition. Learn what your customers and prospects are saying about your competitors.
* Competitors’ ads: Analyze competitors’ ads to learn about their target audience, market position,
product features, benefits, prices, etc.
* Speeches or presentations: Attend speeches or presentations made by representatives of your
competitors.
* Trade show displays: View your competitor’s display from a potential customer’s point of view.
What does their display say about the company?Observing which specific trade shows or industry
events competitors attend provides information on their marketing strategy and target market.
* Written sources: Use general business publications, marketing and advertising publications, local
newspapers and business journals, industry and trade association publications, industry research
and surveys, and computer databases (available at many public libraries).
Knowing the competition will help new property managers and property management companies to
improve their business.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager,
and Property Management Companies. Property Management Companies and Property Managers
7. Guide to Competitive Analysis in New Businesses is brought to you by SimplifyEm Pay Rent Online
and Property Management Software
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Conducting SEO Competitive Analysis: Part 3
In my previous posts on competitors, I was talking about conducting on-page and off-page
competitive analysis. In this post we’ll proceed further and discover even more opportunities of
competitor research.
Every businessman tries to get as much information as possible on his competitors; similarly
your competitors will do their best to find out more about your success tricks.
• Know what your competitor knows about you.
When performing web analytics, pay attention to every detail, particularly traffic sources. If you
get traffic from your competitor websites, check out the pages they go to and how much time
they spend on viewing them. Say your competitor regularly visits your blog page and spends 2
minutes in average; obviously he’s keeping a track of your updates.
• Know the SEO program your competitor uses for web analysis.
8. · Nowadays most of the companies use SEO tools for web analysis. Once you identify the tool
your competitor uses you’ll have the opportunity to find out what he can track. Note that your
business performance depends on how well you understand your competitors.
• How to define which SEO program your competitor uses?
· Go to competitor website’s landing page, open HTML source and check out the tracking code.
By discovering the tracking code, it is possible to find out the SEO tool he uses. This is a bit
difficult, however taking into account that it is crucially important, it's worth trying.
• Be aware of competitor updates.
· First of all, your competitors are doing the same thing and that is, trying to beat you;
especially if you constantly grow and improve your services, your competitor will want to offer
suchlike staff to stand out in the market. For this reason regularly check out your competitor’s
web site to track his updates andwhether or not he has copy/pasted anything.
Keep in mind that being aware of what your competitor does and what he knows about you
means having some idea on his upcoming projects. This is already a success. Besides, it is a
great learning experience to know if your competitor has succeeded in achieving what you are
intending to achieve and in case he did how he managed these all.
Competitor analysis
Competitor analysis is a critical component of thestrategic planning processes. It enables an
organisation to take better informed decisisons about its strategy and its allocation of resources.
There are 6 mains steps to competitor analysis. These are:
1. Determine the competitive set – This is usually straight forward but do remember to also
consider what other substitute product or services you customers might buy and not just the
close competitors. Focus on the key competitors and or key types of competitors and don’t
spread the jam too thinly.
2. Gather the information – This is the time consuming part of competitor analysis. It helps to
have a clear view of the questions you need answers to in order to focus the information
gathering process. There are usually 8 to 10 need to know questions of which 6 are common to
every market. The other 2 to 4 are market or situation specific. The six common need to know
questions are:
• What is their mission?
9. • What is their current strategy?
• How are they performing and why?
• What are their most important activities? i.e. Where is the centre of gravity of their
business. This could be products, services, customers, trade channels, regions, etc.
Whatever is most appropriate.
• What are their SWOT’s
• What is their likely future strategy?
3. Analyse the information – Focus the analysis of providing answers to the need to know
questions.
4. Make deductions – There are always information gaps. But with the information you have,
you can sometimes make informed deductions. Think of this as trying to complete a jigsaw
puzzle where some of the pieces are missing. You will almost certainly have to deduce your
competitor’s current and future strategy.
5. Draw conclusions – Summarise what you have learnt about each key competitor or type of
competitor and think about the implications for your business.
6. Take action – This is the most important part of competitor analysis. Use your learnings to
inform your strategy and strategic plan.
Once you have defined the strategic plan for your business, it is worth considering what each of your
main competitors would do if they had a copy of your strategic plan. Do so, and you will always find
some ways to improve the robustness of your plan.
As Sun Tzu, an ancient Chinese general famously said, ‘If you know yourself and know your enemy,
you need never fear the result of 100 battles.’
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Competitor analysis
From Wikipedia, the free encyclopedia
Competitor analysis in marketing and strategic management is an assessment of the strengths and
weaknesses of current and potential competitors. This analysis provides both an offensive and defensive
strategic context to identify opportunities and threats. Profiling coalesces all of the relevant sources of
10. competitor analysis into one framework in the support of efficient and effective strategy formulation,
implementation, monitoring and adjustment.[1]
Competitor analysis is an essential component of corporate strategy. It is argued that most firms do not
conduct this type of analysis systematically enough. Instead, many enterprises operate on what is called
“informal impressions, conjectures, and intuition gained through the tidbits of information about competitors
every manager continually receives.” As a result, traditional environmental scanning places many firms at risk
of dangerous competitive blindspots due to a lack of robust competitor analysis. [2]
Contents
[hide]
1 Competitor array
2 Competitor profiling
3 Media scanning
4 New competitors
5 See also
6 Notes
7 References
[edit]Competitor array
One common and useful technique is constructing a competitor array. The steps include:
Define your industry - scope and nature of the industry
Determine who your competitors are
Determine who your customers are and what benefits they expect
Determine what the key success factors are in your industry
Rank the key success factors by giving each one a weighting - The sum of all the weightings must add
up to one.
Rate each competitor on each of the key success factors
Multiply each cell in the matrix by the factor weighting.
This can best be displayed on a two dimensional matrix - competitors along the top and key success factors
down the side. An example of a competitor array follows: [3]
Key Industry Competitor Competitor Competitor Competitor
Weighting
Success Factors #1 rating #1 weighted #2 rating #2 weighted
1 - Extensive distribution .4 6 2.4 3 1.2
11. 2 - Customer focus .3 4 1.2 5 1.5
3 - Economies of scale .2 3 .6 3 .6
4 - Product innovation .1 7 .7 4 .4
Totals 1.0 20 4.9 15 3.7
In this example competitor #1 is rated higher than competitor #2 on product innovation ability (7 out of 10,
compared to 4 out of 10) and distribution networks (6 out of 10), but competitor #2 is rated higher on customer
focus (5 out of 10). Overall, competitor #1 is rated slightly higher than competitor #2 (20 out of 40 compared to
15 out of 40). When the success factors are weighted according to their importance, competitor #1 gets a far
better rating (4.9 compared to 3.7).
Two additional columns can be added. In one column you can rate your own company on each of the key
success factors (try to be objective and honest). In another column you can list benchmarks. They are the ideal
standards of comparisons on each of the factors. They reflect the workings of a company using all the
industry's best practices.
[edit]Competitor profiling
The strategic rationale of competitor profiling is powerfully simple. Superior knowledge of rivals offers a
legitimate source of competitive advantage. The raw material of competitive advantage consists of offering
superior customer value in the firm’s chosen market. The definitive characteristic of customer value is the
adjective, superior. Customer value is defined relative to rival offerings making competitor knowledge an
intrinsic component of corporate strategy. Profiling facilitates this strategic objective in three important ways.
First, profiling can reveal strategic weaknesses in rivals that the firm may exploit. Second, the proactive stance
of competitor profiling will allow the firm to anticipate the strategic response of their rivals to the firm’s planned
strategies, the strategies of other competing firms, and changes in the environment. Third, this proactive
knowledge will give the firms strategic agility. Offensive strategy can be implemented more quickly in order to
exploit opportunities and capitalize on strengths. Similarly, defensive strategy can be employed more deftly in
order to counter the threat of rival firms from exploiting the firm’s own weaknesses. [2]
Clearly, those firms practicing systematic and advanced competitor profiling have a significant advantage. As
such, a comprehensive profiling capability is rapidly becoming a core competence required for successful
competition. An appropriate analogy is to consider this advantage as akin to having a good idea of the next
move that your opponent in a chess match will make. By staying one move ahead, checkmate is one step
closer. Indeed, as in chess, a good offense is the best defense in the game of business as well. [2]
A common technique is to create detailed profiles on each of your major competitors. These profiles give an in-
depth description of the competitor's background, finances, products, markets, facilities, personnel, and
strategies. This involves:
12. Background
location of offices, plants, and online presences
history - key personalities, dates, events, and trends
ownership, corporate governance, and organizational structure
Financials
P-E ratios, dividend policy, and profitability
various financial ratios, liquidity, and cash flow
profit growth profile; method of growth (organic or acquisitive)
Products
products offered, depth and breadth of product line, and product portfolio balance
new products developed, new product success rate, and R&D strengths
brands, strength of brand portfolio, brand loyalty and brand awareness
patents and licenses
quality control conformance
reverse engineering
Marketing
segments served, market shares, customer base, growth rate, and customer loyalty
promotional mix, promotional budgets, advertising themes, ad agency used, sales force
success rate, online promotional strategy
distribution channels used (direct & indirect), exclusivity agreements, alliances, and
geographical coverage
pricing, discounts, and allowances
Facilities
plant capacity, capacity utilization rate, age of plant, plant efficiency, capital investment
location, shipping logistics, and product mix by plant
Personnel
number of employees, key employees, and skill sets
strength of management, and management style
compensation, benefits, and employee morale & retention rates
Corporate and marketing strategies
objectives, mission statement, growth plans, acquisitions, and divestitures
marketing strategies
[edit]Media scanning
Scanning competitor's ads can reveal much about what that competitor believes about marketing and their
target market. Changes in a competitor's advertising message can reveal new product offerings, new
production processes, a new branding strategy, a newpositioning strategy, a new segmentation strategy, line
extensions and contractions, problems with previous positions, insights from recent marketing or
product research, a new strategic direction, a new source of sustainable competitive advantage, or value
migrationswithin the industry. It might also indicate a new pricing strategy such as penetration, price
13. discrimination, price skimming, product bundling, joint product pricing, discounts, or loss leaders. It may also
indicate a new promotion strategy such as push, pull, balanced, short term sales generation, long term image
creation, informational, comparative, affective, reminder, new creative objectives, newunique selling
proposition, new creative concepts, appeals, tone, and themes, or a new advertising agency. It might also
indicate a newdistribution strategy, new distribution partners, more extensive distribution, more intensive
distribution, a change in geographical focus, or exclusive distribution. Little of this intelligence is definitive:
additional information is needed before conclusions should be drawn.
A competitor's media strategy reveals budget allocation, segmentation and targeting strategy, and selectivity
and focus. From a tactical perspective, it can also be used to help a manager implement his own media plan.
By knowing the competitor's media buy, media selection, frequency, reach, continuity, schedules, and flights,
the manager can arrange his own media plan so that they do not coincide.
Other sources of corporate intelligence include trade shows, patent filings, mutual customers, annual reports,
and trade associations.
Some firms hire competitor intelligence professionals to obtain this information. The Society of Competitive
Intelligence Professionals[1] maintains a listing of individuals who provide these services.
[edit]New competitors
In addition to analysing current competitors, it is necessary to estimate future competitive threats. The most
common sources of new competitors are:
Companies competing in a related product/market
Companies using related technologies
Companies already targeting your prime market segment but with unrelated products
Companies from other geographical areas and with similar products
New start-up companies organized by former employees and/or managers of existing companies
The entrance of new competitors is likely when:
There are high profit margins in the industry
There is unmet demand (insufficient supply) in the industry
There are no major barriers to entry
There is future growth potential
Competitive rivalry is not intense
Gaining a competitive advantage over existing firms is feasible
[edit]See also
Marketing
Industry or market research
Industry information
14. Marketing management
Marketing plan
Competitive intelligence
Competitor Analysis
Author: Jim Riley Last updated: Wednesday 24 October, 2012
Introduction
Competitor Analysis is an important part of the strategic planning process. This revision note outlines
the main role of, and steps in, competitor analysis
Why bother to analyse competitors?
Some businesses think it is best to get on with their own plans and ignore the competition. Others
become obsessed with tracking the actions of competitors (often using underhand or illegal
methods). Many businesses are happy simply to track the competition, copying their moves and
reacting to changes.
Competitor analysis has several important roles in strategic planning:
• To help management understand their competitive advantages/disadvantages relative to
competitors
• To generate understanding of competitors’ past, present (and most importantly) future strategies
• To provide an informed basis to develop strategies to achieve competitive advantage in the future
• To help forecast the returns that may be made from future investments (e.g. how will competitors
respond to a new product or pricing strategy?
Questions to ask
What questions should be asked when undertaking competitor analysis? The following is a useful list
to bear in mind:
• Who are our competitors? (see the section on identifying competitors further below)
• What threats do they pose?
• What is the profile of our competitors?
15. • What are the objectives of our competitors?
• What strategies are our competitors pursuing and how successful are these strategies?
• What are the strengths and weaknesses of our competitors?
• How are our competitors likely to respond to any changes to the way we do business?
Sources of information for competitor analysis
Davidson (1997) described how the sources of competitor information can be neatly grouped into
three categories:
• Recorded data: this is easily available in published form either internally or externally. Good
examples include competitor annual reports and product brochures;
• Observable data: this has to be actively sought and often assembled from several sources. A
good example is competitor pricing;
• Opportunistic data: to get hold of this kind of data requires a lot of planning and organisation.
Much of it is “anecdotal”, coming from discussions with suppliers, customers and, perhaps, previous
management of competitors.
The table below lists possible sources of competitor data using Davidson’s categorisation:
Recorded Data Observable Data Opportunistic Data
Annual report & accounts Pricing / price lists Meetings with suppliers
Press releases Advertising campaigns Trade shows
Newspaper articles Promotions Sales force meetings
Analysts reports Tenders Seminars / conferences
Regulatory reports Patent applications Recruiting ex-employees
Government reports Discussion with shared distributors
Presentations / speeches Social contacts with competitors
In his excellent book [Even More Offensive Marketing], Davidson likens the process of gathering
competitive data to a jigsaw puzzle. Each individual piece of data does not have much value. The
important skill is to collect as many of the pieces as possible and to assemble them into an overall
picture of the competitor. This enables you to identify any missing pieces and to take the necessary
steps to collect them.
16. What businesses need to know about their competitors
The tables below lists the kinds of competitor information that would help businesses complete some
good quality competitor analysis.
You can probably think of many more pieces of information about a competitor that would be useful.
However, an important challenge in competitor analysis is working out how to obtain competitor
information that is reliable, up-to-date and available legally(!).
What businesses probably already know their competitors
Overall sales and profits
Sales and profits by market
Sales by main brand
Cost structure
Market shares (revenues and volumes)
Organisation structure
Distribution system
Identity / profile of senior management
Advertising strategy and spending
Customer / consumer profile & attitudes
Customer retention levels
What businesses would really like to know about competitors
Sales and profits by product
Relative costs
Customer satisfaction and service levels
Customer retention levels
Distribution costs
New product strategies
Size and quality of customer databases
Advertising effectiveness
Future investment strategy
Contractual terms with key suppliers