SWOT analysis plays a crucial role in competitive analysis. It helps businesses identify their Strengths, Weaknesses, Opportunities, and Threats. This information can be used to gain a competitive edge. For instance, by understanding their strengths, businesses can leverage them to outperform competitors. Recognizing weaknesses allows businesses to address areas where competitors may have an advantage. Opportunities might reveal untapped markets or trends that businesses can capitalize on, and threats can signal potential problems that need to be mitigated.
Do you feel trapped to outdo competitors? Better strategies can build a stronger defense against com...
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