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Competitive Landscape Analysis aligns with digital transformation initiatives by providing insights into the market position and strategies of competitors in the digital space. It helps businesses understand where they stand in the digital market, identify gaps in their digital strategies, and develop plans to gain a competitive edge. This analysis can reveal trends, opportunities, and threats in the digital landscape, enabling businesses to make informed decisions and drive their digital transformation initiatives effectively.
Question was asked on:
Gaining a competitive advantage is tough because the majority of sales and pitches are usually "killed by the silent but deadly alternative: Status Quo." But this, of course, in no way means that the situation is hopeless. There are ways to put up a good fight. "Accepting and acknowledging the competitor is the best place to start, and it goes a long way," a venture capitalist, Michael Smerklo, writes in his piece for Forbes. By doing so, Smerklo argues, you'll gain the following:
Asked on the following presentation:
Evaluate your position in the market and familiarize how you compare against competitors to do more of the right things. Use this Competitive Landscap...
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