Competitive analysis consists of identifying your competitors and evaluating their strategies to determine their strengths and weaknesses. Daxue Consulting provides you with the tools needed to win in a market full of tenacious players. By dividing competitors into strategic groups, we will evaluate their strategies and performance to transform market intelligence into actionable toolkits.
What deliverables will you get from a competitive benchmarking in China
Competitors’ SWOT analysis
A comprehensive breakdown of competitors’ strengths, weaknesses, opportunities, and threats to exploit market gaps and defend against market risks.
Market gap analysis
Identifies untapped customer segments, pricing advantages, and areas where you can outperform competitors.
Performance benchmarking report
A detailed comparison of KPIs (revenue growth, market share, customer satisfaction) against industry leaders and direct rivals.
Strategic recommendations
Actionable insights to refine your market positioning, marketing strategies, pricing, and operations for maximum competitive advantage.
Ongoing competitive monitoring
Regular updates on competitor and/or market moves over the year. This may come in the form of a newsletter or periodical workshop covering new product launches, marketing campaigns, or strategic shifts in the market to keep you and your team informed in real time.
When to use competitive benchmarking
Competitive benchmarking is valuable in China as it enables businesses to understand their position relative to competitors and uncover areas for improvement. We go beyond basic benchmarking by strategically segmenting competitors, analyzing their strengths and vulnerabilities, and pinpointing exactly where you can outperform them.
This analysis provides valuable insights to identify competitive advantages, differentiation opportunities, and market gaps. Opting for competitive benchmarking consulting empowers businesses in China to make informed decisions, optimize operations, and capitalize on growth opportunities in the highly competitive market.
