1.Competitive Advantage
An Advantage over competitor gained by offering Consumers Greater value than competitors do.
-Lowest Cost/Efficient
-Quality/Dependability
-Customer Service
-Innovative/Luxury
2.Competitor Analysis
The process of identifying key Competitor, assessing their objectives, strategies, Strengths and weakness, and reaction pattern. and selecting.Which competitors to attach or avoid.
-Market Position
-Strengths
-competitor Analysis
-market shares
-weakness
3.Competitive Marketing Strategies
Strategies that strongly position the company against competitor And that give the company the strongest possible strategic advantage
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Hypothetical Market Structure
-Market leader
-Market challengers
-Market followers
-Market nichers
Take a position
1. The best way to challenge a leader is to attack it strengths.
2. The best way to attack a leader is to avoid a head-on assault and to adopt a flanking strategy.