HOW TO DEVELOP YOUR OWN COMPETITIVE STRATEGY

As a business owner or entrepreneur, you would have at some point thought about why some businesses collapse. The answer lies in their inability to keep up with the stiff competition in the market. Therefore, companies fundamentally seek avenues to survive the competition by developing a competitive strategy. While there are a number of strategies you can implement, here is how you know which is best for your business.

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Competitive strategy refers to all long-term plans a company sets up to gain a competitive advantage. Find the best for your business.