Definition
The systematic evaluation of competitors' strategies, strengths, and weaknesses to inform your own marketing approach. It's professional stalking with PowerPoint deliverables.
Example Usage
Our competitive analysis revealed that our main competitor was outspending us 10-to-1, which explained why our CEO kept asking why our results weren't as good.
Origin
Business strategy practice formalized in the 1980s
Fun Fact
Most competitive analyses focus obsessively on direct competitors while completely missing the startup in someone's garage that will disrupt the entire industry.
Source: Business strategy and market research methodology
Related Terms
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See “competitive analysis” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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