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Business strategy
How to Outsmart Your Competitors
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[QUOTE="Phantasm, post: 342893, member: 94599"] Among the important ways of outmaneuvering business rivals are strategic thought, novelty and performance. Practical strategies include discovering your competitive advantage, fully understanding rivals, continually innovating, focusing on customer experience, adapting technology, forming strong connections, maintaining nimbleness as well as adaptability, investing marketing and branding initiatives; concentrating on talent and culture; while observing competitor’s activity. Implementing these strategies correctly can make a company be successful in the market for a long time. To stay ahead of competitors and maintain competitiveness in the market it is necessary to always follow market trends, listen to what customers say about your products and services or take note of any changes that your competitors make. [/QUOTE]
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