This does not mean that analyzing

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Competitors is limited to the borders of emerging companies. The analysis process must also be carried out periodically and this analysis must be reviewed every once in a while, even if it starts from Zero, this contributes to knowing new trends in the market, while maintaining a competitive advantage among other companies. How often should a competitor analysis be prepared? Competitive market analysis must be done on a regular basis, and when conducting an analysis of competitors, it is necessary for it to be once a year on a large scale or quarterly on a small scale.


Some have confirmed that many companies conduct an analysis of competitors in the beginning, and once the brand becomes popular and widespread. This matter Oman Phone Number Data is neglected, and some people forget that in light of conflict and great development, industries change continuously, and in light of this development, new companies enter into competition, so your analysis of competitors must be continuous. What are the most important factors and elements that should be included in a competitor analysis? Competitive analysis is based only on several factors.



That it includes and serve as its main driver, and these factors can be limited to the following points: 1- Competitive advantage All features of competitors' direct services and products should be captured, this information kept tabulated, and always viewed as an indicator of how these companies operate. 2- Market share Evaluating the market share percentage provides you with the ability to view competitors in your area, including large and small competitors. It is necessary to carefully consider what is being offered by them to learn ways to succeed in your field.