These strategies can help in market positioning by providing a comprehensive understanding of the competitive landscape. Tools like strategic group analysis map, SWOT analysis, competitive pricing analysis, blue ocean strategy, and porter's five forces allow businesses to identify their strengths, weaknesses, opportunities, and threats. They can also help in identifying gaps in the market, understanding the competitive pricing, and devising strategies to create a unique market space, thereby strengthening the market position.
Do you feel trapped to outdo competitors? Better strategies can build a stronger defense against com...
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