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  2. To gather competitive intelligence, follow these steps1:
    1. Identify your direct competitors.
    2. Determine key areas of interest and research goals.
    3. Gather external and internal competitive intelligence.
    4. Centralize competitive intelligence.
    5. Build competitor profiles.
    6. Share competitive insights with relevant stakeholders.
    Additionally, consider these methods to gather competitive intelligence2:
    • Stay on top of social media.
    • Let your customers gather intelligence for you.
    • Read competitor reviews.
    • Use specialized tools.
    • Analyze a competitor’s website.
    • Leverage search engine optimization.
    Learn more:

    6 Steps to Gathering Competitive Intelligence

    • 1. Identify your direct competitors Clearly identifying your competitors is the first step in building out a cohesive competitive landscape. ...
    • 2. Determine key areas of interest and research goals ...
    klue.com/blog/gathering-competitive-intelligence

    Ways to gather competitive intelligence

    • Stay on top of social media. Let your customers gather intelligence for you. ...
    • Read competitor reviews. Customer reviews tell you what customers like about your products and what they don't. ...
    mailchimp.com/resources/competitive-intelligence/
     
  3. People also ask
    What is competitive intelligence?By definition, competitive intelligence assembles actionable information from diverse published and unpublished sources, collected efficiently and ethically.
    What is competitive intelligence gathering?Competitive Intelligence Gathering: Understanding the Importance of Staying Ahead of the Competition. In today’s rapidly changing and highly competitive business environment, companies must remain vigilant to stay ahead of their competitors. This is where competitive intelligence (CI) comes into play.
    How do you gather competitor intelligence?The three most popular methods for gathering competitor intelligence are all manual and intentional, like reading press releases and competitor emails. Finally, competitive intelligence platforms and social listening tools are like Google Alerts’ better-looking, more charismatic siblings.
    How do companies get competitive intelligence?Competitive intelligence can be gathered by going through business ads or visiting the competitor's website. A company can learn which business practices consumers like best by searching through business reviews. None of these information-gathering techniques carry direct financial costs.
     
  4. What are some common methods of gathering competitive …

     
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    WEBJun 5, 2020 · 1. Identify Your Competitors. The first step in the competitive intelligence process is to identify your competitors. Have a robust competitive landscape? Start with your top five direct …

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    WEBFeb 1, 2024 · Yep. We’re talking about a competitor here. The information they manage to gather during their research is competitive intelligence - even if they don’t know it. That’s why, when you’re building out a …

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    WEBApr 12, 2023 · Competitive intelligence, sometimes called corporate intelligence or CI, is strategic data gathering on competitors and the market environment to gain an edge in decision-making and

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