Crafting an Impactful Competitive Analysis Framework
Get ready to dive deep into the world of competitive analysis and craft your own impactful framework!
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About this event
Master the art of competitive analysis to sharpen business strategies effectively.
Overview:
Understanding your competition is the cornerstone of strategic decision-making. This course dives deep into the essentials of constructing a competitive analysis framework, offering you the clarity to assess market rivals with confidence and precision. It’s designed to help you systematically gather, interpret, and leverage competitor insights to enhance your organisation’s positioning.
Throughout the course, you’ll explore various analytical models, discover key performance indicators, and learn how to translate data into actionable strategies. Whether you’re a business analyst, marketer, or strategist, this training will refine your ability to craft analyses that influence impactful business moves.
Learning Outcomes:
- Understand core principles of competitive analysis frameworks.
- Identify key competitors and evaluate their market strategies.
- Analyse competitor strengths, weaknesses, opportunities, and threats.
- Apply strategic tools to interpret competitive data effectively.
- Develop actionable insights to inform business decisions.
- Communicate competitive findings clearly to stakeholders.
Who is this Course For:
- Business analysts seeking to sharpen market evaluation skills.
- Marketing professionals aiming to improve competitive strategy.
- Entrepreneurs wanting a clear view of their market landscape.
- Product managers requiring insight into competitor offerings.
- Strategic planners focused on long-term business growth.
- Consultants advising clients on competitive positioning.
- Data analysts looking to enhance strategic interpretation.
- Anyone interested in mastering competitive business analysis.
Career Path:
- Market Research Analyst – Average UK salary: £28,000
- Business Analyst – Average UK salary: £38,000
- Competitive Intelligence Specialist – Average UK salary: £42,000
- Strategic Planner – Average UK salary: £40,000
- Product Manager – Average UK salary: £50,000
Frequently asked questions
A competitive analysis framework is a structured method for evaluating your competitors' strengths, weaknesses, strategies, and market positions to improve your own business decisions.
It helps you identify market gaps, understand customer preferences, and position your brand more effectively against competitors.
Key elements include competitor identification, SWOT analysis, pricing strategies, marketing tactics, product features, and customer reviews.
It's ideal to update it quarterly or whenever there are major industry shifts, product launches, or market changes.