This regularity helps companies to be constantly informed of shifts

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There is no company that does not have weak points, but what distinguishes each company from another is the seriousness of each of them in seeking to eliminate or reduce these points. In this step, companies begin to develop strategies that help them do the following: Increase exploitation of its strengths. Eliminate its weak points or reduce its impact on its activity.

Exploiting the opportunities available in the market, whether those available in the Phone Number Data market of its activity in general or available to it in particular. Develop strategies aimed at eliminating threats in the bud or as quickly as possible or even preparing to confront them. CONDITIONS FOR SUCCESSFUL COMPETITOR ANALYSIS 1. Continuity Competitor analysis is not just a one-time task, but rather an ongoing process. Competitor analysis must be done regularly and continuously because both the market and competition are constantly changing, and new developments may appear in the industry or competitors may change their strategy and plan.



Therefore, new data and information must be monitored and analyzed on a regular basis. And changes in the competitive landscape. Continuity in competitor analysis allows companies to recognize new trends in the market and changes in competitor strategies. Continuity also allows for rapid adaptation and monitoring of emerging challenges and opportunities. Finally, continuity enables companies to take proactive measures to maintain their competitiveness and achieve success in the market. 2. Relying on a variety of sources The quality of competitor analysis is measured by the amount and quality of information available to it. Companies use various sources to complete a study of competitors in a way that enables them to rely on it to excel in the market in which they operate.