The Postdigital enterprise report by Deloitte, outlines the core enterprise technology trends including analytics, mobile, social, cloud and cyber.
Analyzing your competitors is one of the key elements of strategic management, and it enables you to determine the strengths and weaknesses of the companies with which you compete. Conducting this analysis systematically will help you minimize the risk of other companies doing damage to your business’ position in the marketplace. With a proper knowledge of your competitors, you will be able to recognize and take advantage of opportunities as they develop.
The main elements of competitor analysis are gathering competitor intelligence, and using the obtained information to predict their behavior and to develop strategies to achieve competitive advantage in the future.