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Competitive Assessment Springfield Area, MissouriSubmitted by:MARKET STREET SERVICES, INC.www.marketstreetservices.comOctober 14, 2009LIVE WORK GROW Market Street brings original insights and clarity
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How to fill out competitive assessment

01
Start by reviewing the purpose and goals of the competitive assessment.
02
Identify the key competitors in your industry or market.
03
Gather information about each competitor, including their products/services, pricing, target market, competitive advantages, and weaknesses.
04
Analyze the gathered information to understand the strengths and weaknesses of each competitor.
05
Compare your own business or product to the competitors, evaluating areas of superiority and areas for improvement.
06
Identify opportunities and threats that arise from the competitive landscape.
07
Create a report summarizing the findings and insights from the competitive assessment.
08
Use the report to develop strategies and make informed business decisions.
09
Regularly update and revisit the competitive assessment to stay updated on the changes in the competitive landscape.

Who needs competitive assessment?

01
Businesses that want to stay competitive in their industry.
02
Startups looking to understand their market and position themselves effectively.
03
Entrepreneurs considering entering a new market or launching a new product.
04
Marketing teams wanting to develop effective marketing strategies.
05
Product managers aiming to create competitive products.
06
Sales teams looking to differentiate themselves from competitors.
07
Investors seeking to evaluate the market potential of a business or product.
08
Consultants providing strategic advice to businesses.
09
Academic researchers studying market dynamics and competition.
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Competitive assessment is the process of evaluating the strengths and weaknesses of competitors in a specific market.
Companies operating in a competitive market are required to file competitive assessments.
Competitive assessments can be filled out by conducting research on competitors and analyzing their performance metrics.
The purpose of competitive assessment is to help companies identify opportunities for growth and stay ahead of competitors in the market.
Information such as market share, pricing strategies, product offerings, and customer feedback must be reported on competitive assessment.
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