These strategies can be integrated into a business plan by first identifying the business's strengths, weaknesses, opportunities, and threats through a SWOT analysis. Then, using a strategic group analysis map, identify where the business stands in relation to its competitors. Competitive pricing analysis can help determine the optimal pricing strategy. The blue ocean strategy can be used to identify untapped market spaces and create new demand. Lastly, Porter's five forces can be used to analyze the competitive forces within the market. Each of these strategies should be incorporated into the business plan to form a comprehensive strategy.
Do you feel trapped to outdo competitors? Better strategies can build a stronger defense against com...
Download template