As an entrepreneur, you must do a comprehensive analysis of the activities of your competition. This should be an ongoing business objective for your enterprise. You can develop a better connection with your customers and enjoy their loyalty only if you understand where your products rank in the marketplace. This will also help you build a competitive advantage and consequently improve your sales revenue.
Here’s what Bill Gates, an American business magnate, software developer, has to say:
WHAT DO YOU THINK?
Let me know in the comments section.
In this ongoing series #GreatMinds on my blog, I am shining a spotlight on the important ideas that some very successful people keep talking about in their public life.