Gain vital insights into the market and know what your competitors are doing
Why You Need Competitive Analysis?
Competition Analysis provides you with the access to market fluctuations or erratic changes. Moreover, competitive analysis greases skids of your commerce, succour to know competitive business threats as well as advantages to unlock new business ideas. It is a critical input to learn about your key competitors and compare your business insights and strategies with them. This helps in reframing your own business strategies to overcome the threats from the competitors as well as evaluate the attractiveness of opportunities in the targeted market.
In-depth Competition Analysis to Remove Market Unpredictability
Lack of a core competency can cause trouble to your business growth and reach,Whereas a competitive analysis approach define new market possibilities with macro-economic outlook and evolution factors. Here’s how competitive analysis will benefit your business:
Know your key competitors and their business strategies.
Know how to overcome the threats that your competitors may cause to your business.
Gain insights to search, create and implement tactical plans to outsmart your competitors.
Predict the future position of your business as well as competitors in the specific marketplace.
Know weaknesses of competitors that may bring you business advantages.
Get recommendations on strategic changes to make better decisions.
Competition Analysis Process - Overview of how we Work
We conduct extensive research for information on your key competitors and their business tactics. Based on the collected data, we illustrate and compare different business aspects of your business & competitors. We then suggest you strategies to respond to your competitors in a timely-fashion. Here’s the overview of how we work to enhance your business sustainability:
Improve Scale and Efficiency as Markets Mature Faster
We deliver a comprehensive collection of competition analysis services.
PESTLE analysis of your competitors helps in acknowledging how the following features affect your competitors:
Political Aspects such as trade policies, tax policies etc.
Economic Factors such as unemployment and inflation rates.
Social Influences such as lifestyle and culture.
Technological-Standing Advantages such as awareness, innovation, etc.
Legal Status such as employment and antitrust laws.
Environmental Changes such as weather, climate & environmental policies.
It helps in collecting and analysing superior
data ( referred to as intelligence) of the
competition and converting it into actionable
information for your business progress. The
gathered data then identifies the weaknesses
of your competitors and aids in exploiting
opportunities. Also, it highlights the
recommendation for improved strategies.
Positioning remarks where your business ranks
distinctly in the targeted market. It highlights
distinguishing features (such as product
uniqueness, quality etc.) of your business in
relation to the competition. Thus, it enables the
decision-makers to reposition your business at
the top place with advanced tactics and
schemes. Also, it signifies how your
new/improved strategies will affect your
It compares your business with your
Highlights STRENGTHS of your
competitors to know your core
competency in business.
Reveal competitors’ WEAKNESSES to
identify your uniqueness and analyze
Exploit the competitive OPPORTUNITIES
to build a plan for your business growth.
Accentuate the competitive THREATS to
create and implement defensive
It aids to monitor growth of your business vs
your best competition in the market. It helps to
locate competitors and explore certain aspects
to identify their success secrets by conducting
an in depth research on the processes and
performances of your key competitors and
utilizing this data to make improvements in
your own business strategies.
It is used to research and process data about
your key competitors. Each competitor profile
includes information about the products,
strategies, weaknesses and other aspects of
It enables you to study the market aspects
before launching a new product/service and fix
as high-price as possible. Not only this, it
predicts the product life cycle at the highest
value that will serve to generate maximum
It helps you to learn more about the market and
create effective strategies along with unique
attributes that aids to outcompete your
business rivals. The attributes will boost your
business value and diversify loyal customer
base. It plays a vital role to unlock new market
opportunities and expand to a new segment.
Why Choose Us To Formulate Your Competitive Strategy?
FATbit works with persistence to facilitate you to leverage a constant business growth. With a purpose-driven approach, we set up an effective workflow filled with critical metrics to better articulate and understand your competitors. Our dedicated team of experienced professionals will help you to craft an insightful and powerful business strategy.
Understand your Target Market to Outstand Competition