In any business, you've got to know your competition in order to help your new product or service compete effectively. Competitor Analysis is a key tool of the strategic planning process for developing competitive products and services. It will help you gain a balanced understanding of your competitors and your customers. Competitor analysis will help you earn the market rather than share an existing market with an undifferentiated product.
Some sevices that we offer to study the competition and develop competitive strategy
Qualitative-focus groups- develop, moderate, report
Individual interview & field studies
Design phone, online surveys; coordinate process
Design & develop ethnographic research & site surveys
Competitor research will allow you to develop the best product at lower cost in a shorter period of time and help forecast the returns that may be made from investments.
Competitor mapping highlights both competitive opportunities and challenges facing the firm.
Who are you current competitors?
How are competitive products differentiated?
Who will be your future competitors?
How profitable are their products?
What and where are their costs?
How happy are their customers?
What are your competitor’s product strategies?
Who are your competitor’s partners?
Where are the zones of opportunity?