The Ultimate Business Competition Guide : Reverse Engineer The Competition And Make 'em Eat Your Dust!

By Aiden Sisko

(excerpt)
If you gain a thorough understanding of the dynamics of competition in your  industry, you can easily develop a custom-fit, yet highly effective business strategy by answering one simple question: Are there any obstacles stopping you from doing things, other companies cannot!
If you answered “yes” to this question, you are going to find strategizing to be a critical aspect of your business model. Any profits made will be directly related to the level of skill you display in defensive strategy, as well as in your management techniques. Always be prepared to engage in the identification, understanding, anticipation, and influence!
 
Table of Contents
Introductions
Do You Have a Competitive Advantage?
Economies of Scales
Branding
Competitive advantages
Fixing costs across a very wide span to gain competitive advantage
The core elements of efficiency include:
The need for efficiency can be seen clearly in the following:
Optimizations and efficiency
You have to upcharge.
There is expense when differentiation is involved.
Is There Any Individual Firm or Company that is Dominant?
Game Theory: Bargaining and Cooperation Tactics
“The Prisoner’s Dilemma”
Implement Reward Systems
Keep Away From Comparing Products on a Direct Basis
Interact socially in your industry
Develop Perk programs and Loyalty programs for your customers
Developing an industry agreement
Limit the amount of output in the market
Establish your own individual practices in regard to pricing
Pre-emption and Techniques of Entry
Strategies for the Newcomers/Challengers
Create and introduce a clear, easy to comprehend Statement of Intent
Make a decision as to which are of the market you will set your focus on as your main target.
The marketplace industry is, at times, made more difficult by the very presence of incumbents
The higher the number, the more trouble you may have.
Full Speed Ahead or to Proceed With Caution
Strategies for the Incumbent
Be Willing to Reply Appropriately and In Kind
Leave No Stone Unturned, and No Spot Unchecked
Keep extra product on hand, and maintain a large capacity for production
Be clear through the use of the media
Is Your Company the Dominant Entity in the Industry?
When It Comes To Management & Forming Our Competitive Advantage, Are We Giving It All We’ve Got?

• Language: English
• Publisher: JNR Publishing
• Release date: Aug 30, 2015
• ISBN: 9781311058430

Aiden Sisko

Mr. Aiden Sisko holds an MBA at the International Academy of Management and Economics. He also holds an NLP Master Practitioner level training. He has attended countless business trainings and seminars, totaling several thousands of hours.He is a serial Entrepreneur engaged in different industries. He has several years of solid experience managing and operating a vast number of online related businesses.Although business studies are his tools? It is also his passion! He loves studying and practicing business theories and systems. He lives, breaths, eats, EXISTS in anything business!He also has a special place in his heart for Persuasion, Communications, Sales, Marketing and Negotiations.He loves to share his vast knowledge of business in improving business processes and systems especially to Entrepreneurs and small to medium sized business organizations.

Book preview

Introductions

Some individuals in business have created a mental monster in regard to business strategy. In reality, if you gain a thorough understanding of the dynamics of competition in your own industry you can easily develop a personal, effective strategy by answering one simple question: Is there any obstacle stopping us from doing things other companies cannot?

If you answered yes to this question, you are going to find strategy to be a critical aspect of your model. Any profits made will be directly related to the level of skill you display in defensive strategy, as well as in your management technique. Always be prepared to engage in the identification, understanding, anticipation, and influence, as you may have an influence on others.

If your answer was no, business strategy probably does not pose itself as a problem area for you. Because you have no advantages as a competitor in your field of choice, you must either begin to implement yourselves and your product and service very aggressively, or you must determine to leave the market area of choice, preferably to find a market more suitable to your model.

Contrary to popular opinion, business strategy does not encompass the effective planning of business, and being strategic is not the only way to see profits rise. If your strategy is unrealistic to your business pursuit, the outcomes you see will usually be undesirable. While the use of strategy is very important in its own right, it is virtually useless when practice without skilled administration and top-notch management. Without the three working together, profitable outcomes will be slow and small.

There are three main points to focus on when forming a strategy of quality:

Form a very precise mental visual of where you want to see your company at in the coming years.

Identify the competition in your area of business. Determine any level of advantage they have over you competitively.

Keep a tight rein of management over any communication that occurs with other companies,