These strategies help in identifying business opportunities by providing a comprehensive analysis of the market and competition. The strategic group analysis map helps in understanding the position of your business in comparison to others. SWOT analysis identifies strengths, weaknesses, opportunities, and threats of your business. Competitive pricing analysis helps in understanding the pricing strategies of competitors. Blue ocean strategy helps in identifying new market spaces. Porter's five forces help in understanding the competitive forces in the market. All these tools combined can help in identifying potential business opportunities.
Do you feel trapped to outdo competitors? Better strategies can build a stronger defense against com...
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