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Who is your primary competitors?
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No.QuestionSource of informationYour answer
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1Who is your primary competitors? Whaere are they locate?Ask you customer"when you are thinking to buy a product (your product), which customer they are comparing with?
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2What distinctive competencies have they develop?Competitors business/product comparison and analysis
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3How do their cost structure compare to you? Their financial resourcesDBD website (financial statement analysis)
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4How do they market their product and service?News and media research
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5What do customer say about them? How do customer describe their products or services, their way of doing business, and the traditional service they might supplyAsk customer about their ideas toward 'competitors' product, service and how they deliver value to them' and try mysterious shopping to see how your competitors are performing
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6What are their key strategiesNews and media research
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7What are their strengths? How can your company counteract them?Financial analysis, competitors analysis, and customer feedback
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8What are their weakness? How can your company capitalize them?Financial analysis, competitors analysis, and customer feedback
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9Are new customer entering the business?Saleman feedback, DBD website, Customer reaction (sales reeport)
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Other sources of information
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1Read industry trade publications
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2Ask questions of customer and supplier
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Regularly debrief employees, especially sales representative and purchasing agents
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4Atten trade show and collect competitors sales literature
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5Monitor social media for insights into your direct competitors
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6Watch for employment ads and job posting from competitors
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7Conduct patent search for patent that competitors have filed
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8Environment protection agency report (production information)
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Learn about kind and amount of equipment and raw material that a competitor are importing.
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10Buy competitors' product and assess their quality and feature
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Obtain credit reports on each of your major competitor to evaluate their financial condition
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1256-1/Annual report
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13Check out the resources of your local library and media
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Visit competitors' website periodcally to see what's news is contain there
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