An analysis of competitors’ strengths and weaknesses, strategies, assumptions, resources, and market positioning from all available sources of information, in order to identify suitable market strategies. Competitor analysis is an integral part of market planning. The process of competitor analysis involves the following steps:
Identify competitors within a target market (products, product substitutes, services, generics, new entrants).
Audit competitor capabilities (financial, technical, managerial, marketing assets, strengths and weaknesses).
Relate the competitor capabilities to those of the enterprise to determine competitive advantages and disadvantages. Infer competitor objectives and strategic thrust of competitor.
Deduce competitor strategies (target segments, differential advantages, competitive scope, cost leadership).
Estimate competitor response pattern to the company’s marketing strategy (retaliatory, complacent, hemmed-in, selective, unpredictable).
Search your company's shopping & corporate web sites and the links listed below to find these resources:
When searching company websites, look for "Corporate" or "Investor Relations" links to access the most recent year/s annual reports and SEC filings.