The Ultimate Business Competition Guide : Reverse Engineer The Competition And Make 'em Eat Your Dust!

(excerpt)

If you gain a thorough understanding of the dynamics of competition in your industry, you can easily develop a custom-fit, yet highly effective business strategy by answering one simple question: Are there any obstacles stopping you from doing things, other companies cannot!

If you answered "yes" to this question, you are going to find strategizing to be a critical aspect of your business model. Any profits made will be directly related to the level of skill you display in defensive strategy, as well as in your management techniques. Always be prepared to engage in the identification, understanding, anticipation, and influence!



Table of Contents

Introductions

Do You Have a Competitive Advantage?

Economies of Scales

Branding

Competitive advantages

Fixing costs across a very wide span to gain competitive advantage

The core elements of efficiency include:

The need for efficiency can be seen clearly in the following:

Optimizations and efficiency

You have to upcharge.

There is expense when differentiation is involved.

Is There Any Individual Firm or Company that is Dominant?

Game Theory: Bargaining and Cooperation Tactics

"The Prisoner's Dilemma"

Implement Reward Systems

Keep Away From Comparing Products on a Direct Basis

Interact socially in your industry

Develop Perk programs and Loyalty programs for your customers

Developing an industry agreement

Limit the amount of output in the market

Establish your own individual practices in regard to pricing

Pre-emption and Techniques of Entry

Strategies for the Newcomers/Challengers

Create and introduce a clear, easy to comprehend Statement of Intent

Make a decision as to which are of the market you will set your focus on as your main target.

The marketplace industry is, at times, made more difficult by the very presence of incumbents

The higher the number, the more trouble you may have.

Full Speed Ahead or to Proceed With Caution

Strategies for the Incumbent

Be Willing to Reply Appropriately and In Kind

Leave No Stone Unturned, and No Spot Unchecked

Keep extra product on hand, and maintain a large capacity for production

Be clear through the use of the media

Is Your Company the Dominant Entity in the Industry?

When It Comes To Management & Forming Our Competitive Advantage, Are We Giving It All We've Got?