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TamilThe Cell of Competitive Dynamic focuses on how well the SME is familiar with the activities of the competition. Firstly, the knowledge of industry forces – the threat of rivalry, supplier bargaining power, customer bargaining power, new entrants coming to the market and substitute products and services – is critical. Further, the need to understand evolving customer behavior since most products and services become a commodity within a short period, resulting in price cuts and need of introducing new products and services at a rapid rate.
Competitive Dynamic
Do you have a clear idea about the five forces of competition?
How familiar are you with evolving needs of the customer?
How formalized is the competitive intelligence process?
What are the areas of competitive intelligence is in focus? E.g., Price, Suppliers, Customers, Substitutes, New entrants etc.
How is the knowledge of competitive intelligence used in the business?
The 5 Forces that are Impacting the Competitiveness
Environmental Influences that Shape the Customer Behavior
Process of Commoditisation that need to be Mindful
Competitive Advantage in Application
By Clicking either Internal or External Dimensions, you will find out Cells and Dimensions that reflect Internal processes and External environmental competitive dynamics.
By Clicking the 5 Facets, you will select strategic decision areas, and in each, you will find out the respective Cells you need to consider in choosing strategies.
By Clicking a Cell, you will find out what each Cell means in the business management context. Moreover, it will probe you on questions that you should be asking yourself before making strategic decisions.
By Clicking either Internal or External Dimensions, you will find out Cells and Dimensions that reflect Internal processes and External environmental competitive dynamics.
By Clicking either Internal or External Dimensions, you will find out Cells and Dimensions that reflect Internal processes and External environmental competitive dynamics.
By Clicking the 5 Facets, you will select strategic decision areas, and in each, you will find out the respective Cells you need to consider in choosing strategies.
By Clicking the 5 Facets, you will select strategic decision areas, and in each, you will find out the respective Cells you need to consider in choosing strategies.
By Clicking the 5 Facets, you will select strategic decision areas, and in each, you will find out the respective Cells you need to consider in choosing strategies.
By Clicking the 5 Facets, you will select strategic decision areas, and in each, you will find out the respective Cells you need to consider in choosing strategies.
By Clicking the 5 Facets, you will select strategic decision areas, and in each, you will find out the respective Cells you need to consider in choosing strategies.