What is the meaning of competitive analysis?

[penrix]

What is the meaning of competitive analysis?


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[Shivangi Panwar]

Competitive analysis does the comparison, between the website I am optimizing, and the website that is ranked highly in search results.


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[nancy07]

A competitive analysis is a critical part of your company marketing plan. With this evaluation, you can establish what makes your product or service unique--and therefore what attributes you play up in order to attract your target market.

[RH-Calvin]

A competitive analysis is a critical part of your company marketing plan. With this evaluation, you can establish what makes your product or service unique--and therefore what attributes you play up in order to attract your target market.

[fayeseom]

Competitive analysis is analyzing the competitor sites like keywords,ranking position and then how they are overcoming the market standards and google algorithmic updates.

[ASIF MOSTAFA]

to analyse your competitor site and know how to rank well.

[ragulaussie]

Competitor analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors

[seomarqetrix]

Competitive analysis does the comparison, between the website I am optimizing, and the website that is ranked highly in search results.

[TinaLewis]

The main objectives of doing competitor analysis can be summarized as follows:

To study the market;
To predict and forecast organization’s demand and supply;
To formulate strategy;
To increase the market share;
To study the market trend and pattern;
To develop strategy for organizational growth.

[webdesign123]

A competitive analysis is a critical part of your company marketing plan. With this evaluation, you can establish what makes your product or service unique--and therefore what attributes you play up in order to attract your target market.

[Sonika11Mehra]

When you take to say competing companies and analyze the characteristics of each, the compare and contrast them. You can do that with alot of things. When analyzing your competitors, you figure out what they are doing right and you can try to do it. You also find out what they do wrong, which gives you the competitive advantage.

[dennis123]

Competitive analysis is process of identifying your competitors and evaluating their strategies to determine their strengths and weaknesses relative to those of your own product or service.