HOW TO GAIN A COMPETITIVE EDGE
Examine your business and its key operations, policies and relationships with customers to determine what you should work on to compete more effectively.
What You Should Know Before Getting Started
Gaining a Competitive Advantage Marketing Position Company Resources and Opportunities Evaluation of Opportunities Defining the Process
Choosing a Competitive Edge
What To Expect
This Business Builder will help you to become more competitive by identifying the features of your operation you should focus on to maximize your efficiency and your product's appeal.
What You Should Know Before Getting Started
By accurately identifying and analyzing your firm's target market and its relative competition, you may recognize potential opportunities for success in selling your product or service. These opportunities, which your competitors may have overlooked, will provide your firm with the vision to develop marketing mixes far superior to your competition.
To ensure your firm's market staying power and survival in today's marketplace, it is important for you to gain and maintain a competitive differential advantage in your target market.
The state of the economy has a profound impact on your customers' buying habits.
Twenty-first century customers have become more concerned with repaying their debts, lowering capital expenditures, and reducing costs by concentrating on products or services that satisfy their basic needs. Although not willing to lower their standards, both individuals and corporations are more selective in identifying products or services to satisfy their needs.
Before getting started you will need to familiarize yourself with some basic terminology as it relates to customers and their markets.
The First Step Is To Analyze Your Competition. What type of competition exists in your target market, and what impact will it have on the