Why Companies Need Competitor Analysis?
Competitor analysis is a
substantial part of marketing strategy. It allows companies to assess their
competitor’s strengths and weaknesses and develop effective strategies to
improve competitive advantage. Yet most of the companies do not conduct this
type of analysis systematically enough, relying on intuition and informal
impressions. A lack of robust competitor analysis places companies at risk of
being outdone by competitors.
How Field Team Management Software Can Help Research Competition?
Today keeping up with the times
companies have already implemented various types of field team management software to automate
field reps activities and improve their performance. It should be mentioned
that a comprehensive field team management software solution is not just for
field reps tracking or store tasks performance. The most sophisticated field team management solutions offer companies
the ability to conduct regular store audits collecting various types of data,
including clients information, prices, parameters of the layout, photo reports,
customer surveys, stock levels, promotional activities and so on. Thus, to take
the full advantage of their field team management software solution, along with
gathering store data on it’s own performance, companies should do the same
thing with competitors’ information.
What Are The Benefits of Automated Competitor Data Collection?
Field team management
software provides customizable task templates with different types of answers
for everything that needs to be checked, allowing your field reps to capture
accurate, live data that can be analyzed in real time back at the home office.
Real-time analytics and customizable reports to analyze competitors’ strategies is one of the most important
features of field team management software,
which allow companies to use targeted marketing when competing with those
surrounding brands.
To get more information
about how to research your competition or to see for yourself how you can so it
in the most innovative way, visit www.visitbasis.com and get your free trial
today!
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