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Analyitical Value of Studying Competitors

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What is the analytical value of studying competitors and trying to predict what moves rivals will make next?

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Analyzing the competition or competitive analysis as it is referred to academically, is a strategic formulation based on several advantages. By trying to predict their rival's next move, it puts the organization in an advantageous position. A very good example of this in today's market is technology. Many organizations would like to know ...

Solution Summary

This solution highlights the importance of performing competitive analyses to try and predict a rivals future tactical market moves.