Definition
Competitive analysis is the process of evaluating and analyzing competitors, market trends, industry dynamics, and strategic factors to identify strengths, weaknesses, opportunities, and threats affecting a company's competitive position and performance. Competitive analysis involves gathering and analyzing data on competitors' products, pricing, marketing strategies, distribution channels, and customer perceptions to inform strategic decision-making, market positioning, and resource allocation. Competitive analysis helps companies understand market dynamics, anticipate competitive threats, and develop effective strategies to gain competitive advantage and achieve business objectives.
Our trending searches definitions
Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.