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What is Competitive Analysis? Competitive Analysis: A Practical Guide for Strategy Projects What is Competitive Analysis? Competitive Analysis is a structured framework that enables organizations to evaluate their position in the market by assessing competitors strengths, weaknesses, strategies, and performance.
What is Competitive Landscape Analysis? Competitive Landscape Analysis: A Practical Guide for Strategy Projects What is Competitive Landscape Analysis? Competitive Landscape Analysis is a structured framework used to evaluate the external business environment by analyzing market trends, industry dynamics, and key competitors.
When we think of a business having a competitive advantage, we still tend to think of traditional economic moats such as a low-cost structure, economies of scale, or perhaps a more intangible moat like a strong brand. Thus, for most businesses, the only truly lasting source of competitive advantage these days is the pace of innovation.
As work evolves into hybrid and remote models, companies must also evolve their thinking on recruitment, retention, and growth. The companies that adapt to this new reality successfully will be the ones that take investing in their employees seriously. A competitive advantage. The way we work is changing.
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It turns out that in order to keep consumers buying products year after year, some companies are actually deliberately reducing the quality of their products. In some especially nefarious situations, these companies may be updating their products through software even after you bought them, in order to make the performance worse.
As ProPublica described in an investigative article about RealPage’s “Yieldstar” software, companies are using algorithms to do essentially the same thing. The post We Need To Rethink How Competition And Collusion In An Artificially Intelligent World first appeared on Digital Tonto. We should demand they be met.
Ohmae’s 3Cs Model: A Practical Guide for Strategy Projects The 3Cs Model , developed by Kenichi Ohmae , is a strategic framework that helps businesses achieve a sustainable competitive advantage by focusing on three key stakeholders: Customer, Company, and Competitor. Create long-term value for both customers and the company.
Kays Distinctive Capabilities Framework: A Practical Guide for Strategy Projects Kays Distinctive Capabilities Framework , developed by John Kay , is a strategic model that helps organizations identify and leverage their unique competitive advantages. Helping companies build a strong reputation and customer trust.
Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.
Porter’s Diamond Model: A Practical Guide for Strategy Projects The Diamond Model , developed by Michael Porter , is a strategic framework that helps businesses and policymakers understand the factors that influence a nations competitive advantage. Identify competitive advantages based on local conditions.
Kotler’s Pricing Strategy: A Practical Guide for Strategy Projects Kotlers Pricing Strategy , developed by Philip Kotler , is a comprehensive framework that helps businesses determine the most effective pricing model to maximize revenue, market share, and competitive positioning. Maximize profit margins while maintaining demand.
Value Disciplines Model: A Practical Guide for Strategy Projects The Value Disciplines Model , developed by Michael Treacy and Fred Wiersema , is a strategic framework that helps organizations identify and pursue a distinctive competitive strategy. Strengthening competitive differentiation in the market.
Developed by General Electric (GE) and McKinsey & Company , this matrix expands upon the Boston Consulting Group (BCG) Matrix by incorporating a more comprehensive evaluation of business strength and industry attractiveness. Competitive Strength of the Business Unit Measures internal capabilities, brand strength, and market positioning.
Think your customers will pay more for data visualizations in your application? Five years ago they may have. But today, dashboards and visualizations have become table stakes. Discover which features will differentiate your application and maximize the ROI of your embedded analytics. Brought to you by Logi Analytics.
Unlike traditional business evaluation methods that focus only on market size or competition, Mullins framework integrates both external and internal factors across seven distinct domains. Industry Attractiveness The competitive dynamics and structure of the industry. Mitigate risks by evaluating competitive and industry challenges.
Benchmarking is a strategic process that involves measuring an organizations performance, practices, or processes against industry leaders or top-performing companies. Benchmarking is not about imitationits about learning from others to accelerate progress, improve competitiveness, and inform strategic decision-making.
Five Forces Model: A Practical Guide for Strategy Projects The Five Forces Model , developed by Michael Porter , is a strategic framework that helps organizations analyze the competitive forces shaping an industry. It provides a structured approach to assessing market dynamics, competition, and profitability potential.
It is based on the idea that companies should simplify their strategy and concentrate on what they can be the best at , rather than spreading themselves too thin. What You Are Deeply Passionate About Aligning strategy with the companys vision and values. Develop a competitive advantage based on strengths.
Speaker: Josh Martin, Director of Product Marketing, Logi Analytics
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First Mover Advantage: A Practical Guide for Strategy Projects First Mover Advantage (FMA) is a strategic concept where a company gains a competitive edge by being the first to enter a new market or introduce a groundbreaking product or service. What is the First Mover Advantage?
Core Competence Analysis: A Practical Guide for Strategy Projects Core Competence Analysis is a strategic framework used to identify an organizations unique strengths that provide a competitive advantage. Align internal strengths with market needs Ensuring company expertise meets customer demands.
Unlike other models that focus on isolated aspects of strategy, the Strategy Diamond provides a complete picture of how a company competes, differentiates, and sustains long-term success. Enhance competitive positioning and market leadership. Encouraging long-term thinking and sustainable competitive advantage.
Each phase reflects different levels of growth potential, innovation activity, and competitive pressure. It helps companies plan for the future instead of reacting to disruption when it’s too late. The framework supports innovation projects by: Highlighting when incremental improvements will no longer yield competitive advantage.
Every company is either an experience company today or will need to reinvent themselves to become one. Because experience - how we make people feel - is the final competitive differentiator for any organization.
McKinsey 7S Model: A Practical Guide for Strategy Projects The McKinsey 7S Model is a strategic framework developed by McKinsey & Company to help organizations assess and align their internal structure and processes for maximum effectiveness. Strengthen company culture and reinforce shared values. What is McKinsey 7S Model?
By using ODI, organizations can build offerings that align more precisely with market demand, increase customer satisfaction, and create lasting competitive advantage. Consider a medical device company designing a new glucose monitor. This ensures the product remains relevant and competitive over time.
Identifying and managing these factors ensures that companies allocate resources efficiently, mitigate risks, and maintain a competitive advantage. Adapt to market changes while maintaining core competitive strengths. Which success factors will drive sustainable competitive advantage?
By identifying gaps in processes, capabilities, or outcomes , businesses can develop targeted strategies to improve efficiency, enhance competitiveness, and achieve strategic goals. Drives innovation and competitive advantage Identifies opportunities for differentiation and growth. Strengthen competitive positioning.
A product-led company is one that grows through user adoption and word-of-mouth recommendation. Usage by individuals then drives companies to purchase subscriptions or licenses. For this model to work, your product has to be genuinely desirable to the users you want to engage as the company's engine of growth.
McKinsey Seven Degrees of Freedom for Growth: A Practical Guide for Strategy Projects The Seven Degrees of Freedom for Growth is a strategic framework developed by McKinsey & Company to help organizations identify and prioritize growth opportunities. Helping companies diversify revenue streams and minimize risks.
In todays competitive market, companies must ensure that they are investing in ideas that meet real customer needs and expectations. The concept is competitive and meets market demands. Competitive Positioning Framework Helps compare product features and market advantages. Lead Successful Change Management Projects!
The acronym SWOT stands for: Strengths Internal capabilities that provide a competitive advantage. Why a SWOT Analysis is Important A SWOT Analysis provides a holistic view of a companys strategic position by examining both internal and external factors. Identifies competitive advantages Highlights what the company does best.
A strong USP should be: Unique Differentiating the company from competitors. USP in Strategy A Unique Selling Proposition is central to a companys business strategy , defining how it competes in the marketplace. Analyze the Competitive Landscape To craft a USP, companies must assess how they compare to competitors.
Speaker: Cheryl Perkins, Founder and President, Innovationedge
Companies these days cannot afford to stand still! Cheryl Perkins, Founder and President of Innovationedge and a visionary business leader, will share best practices of companies who are defining and implementing new business models. These models are used to create new pathways to value and deliver growth in today’s business climate.
It enables organizations to assess when to scale, improve, or replace existing technologies, ensuring they allocate resources efficiently and maintain a competitive edge. Scale Drive Market Adoption and Growth Once a technology gains traction, companies must expand market reach.
These goals align with the companys vision, mission, and values and provide a roadmap for achieving sustainable growth and competitive advantage. Enhance competitive advantage Position the company for long-term success. Enhance Innovation and Competitive Edge Encourage forward-thinking investments.
Go-to-Market Strategy: A Practical Guide for Strategy Projects A Go-to-Market (GTM) strategy is a structured plan that defines how a company will introduce a product or service to the market, attract customers, and achieve a competitive advantage. Improve competitive positioning Differentiates the product from rivals.
Retail is a highly competitive sector of the economy. Mail-Order Catalogs (Late 19th Century) : Innovation : The introduction of mail-order catalogs by companies like Sears and Montgomery Ward. Impact : E-commerce has transformed the way people shop, offering convenience, a vast selection of products, and competitive pricing.
More often than not, being flexible enough to get the most out of the latest tech trends defines the success or failure of a company. So, instead of resisting it, you can embrace change and learn how AI can bring numerous benefits that could end up being your competitive advantage. Today, they come in the form of AI-based tools.
Improving brand loyalty Consumers are increasingly supporting ethical and sustainable companies. Attracting and retaining talent Employees prefer working for companies with a strong ethical purpose. Without a TBL approach, businesses risk losing competitive advantage, regulatory compliance issues, and reputational damage.
As a result, the company minimized costs thanks to reduced waste and greater efficiency. This end-to-end connectivity made it easier to complete a broad portfolio of projects across different product lines.
Why a Strategy Uncertainty Map is Important Every business faces uncertainty in areas like market trends, competitive shifts, technological advancements, regulatory changes, and economic fluctuations. Which areas operations, competition, technology, or regulation are most vulnerable?
This speed can be a critical differentiator in competitive industries. Collaborative Competition (Coopetition) : Ecosystems encourage a balance between competition and collaboration. Collaborative Competition (Coopetition) : Ecosystems encourage a balance between competition and collaboration.
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