These strategies can help in customer retention by providing a comprehensive understanding of the market and competition. The strategic group analysis map helps identify where the company stands in the market compared to its competitors. SWOT analysis helps in understanding the company's strengths, weaknesses, opportunities, and threats. Competitive pricing analysis ensures the company's products or services are priced competitively. Blue ocean strategy helps the company to create uncontested market space and make the competition irrelevant. Porter's five forces help understand the competitive forces in the market. All these tools can help in making informed decisions, attracting and retaining customers.
Do you feel trapped to outdo competitors? Better strategies can build a stronger defense against com...
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