When you have been running your business for a while, you will probably have a clearer idea of your competitors than you had when you first started. Conducting market research and competitor assessments to gather more information may cost time, money and effort, but there are many benefits to knowing more about what your competitors are doing.
The type of competitor information that will be really useful to you depends on the type of business you are and the market you're operating in. Questions to ask about your competitors include:
The first step in conducting a feasibility study is to understand the market size and trends that are affecting the market. In assessing markets, E virtual services looks at the current market size and what the market size might be in the short, mid and long-term. Specifically, we answer key questions such as:
In today’s global marketplace, conducting detailed competitive intelligence is critical. By uncovering the strategies of large, small and emerging competitors, critical lessons are learned. Armed with this knowledge, E virtual services is able to develop strategies for clients that avoid potential dangers and capitalize on emerging opportunities.
Once the competitors are defined, E virtual services provides detailed analyses of them, including: