A business can customize its competitive strategy to its needs by conducting a thorough market analysis, understanding its unique strengths and weaknesses, and identifying opportunities for differentiation. This could involve developing unique products or services, targeting a specific market segment, or leveraging technology to improve efficiency and reduce costs. It's also important to continually monitor and adapt the strategy based on market changes and feedback.
Do you feel trapped to outdo competitors? Better strategies can build a stronger defense against com...
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