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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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Solution Summary

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

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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 ...

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