Competitive Factors

Competitive Factors

Competitive Factors Jonathan Poland

Competitive factors are external forces that impact a business’s strategy. They can be identified in any competitive situation. SWOT and PEST analysis are two common strategic planning tools that help identify these factors, which are often referred to as opportunities, threats, political, environmental, social, and technological factors. The following are some common examples.

Ability to Change (of competition) Access to Capital
Anti-Competitive Practices Attitudes & Values
Bargaining Power Barriers to Entry
Barriers to Exit Brand Image
Brand Recognition Brand Reputation
Business Models Business Risk
Capacity Climate & Weather
Consumer Perceptions Contract Terms (of competition)
Culture Change Customer Experience
Customer Loyalty Customer Needs
Customer Pain Points Customer Satisfaction (of competition)
Disaster Risk Distribution
Economic Conditions Economies of Scale
Employee Satisfaction (of competition) Financial Conditions (e.g. interest rates)
Functions & Features Government Policy
Infrastructure Intellectual Property
Know-how Labor Market Conditions
Location Management Efficacy (e.g. incompetence of competitors)
Market Share New Entries (into a market)
Operating Models Organizational Culture (how does the competition work)
Overhead Costs Partnerships
Permits & Licenses Political Environment
Political Stability Pollution
Price Competition Problems & Incidents (of the competition)
Product Development (i.e. future products of competition) Product Positioning
Product Quality Product Variety
Promotion Regulations & Compliance
Relational Capital Revenue Models
Service Quality Strategic Assets
Strategy of Competition Substitute Goods
Suppliers Supply
Supply Chain Switching Costs
Talent Taxation
Technological Change Trade Barriers
Trade Secrets Turnaround Times (of competition)
Unit Costs Usability
Learn More
Persistence Jonathan Poland

Persistence

Persistence is the ability to maintain motivation and effort over a prolonged period of time. It is a behavior or…

Sales Data Jonathan Poland

Sales Data

Sales data is a type of business intelligence that provides information about the performance of a company’s sales activities. This…

Operating Costs Jonathan Poland

Operating Costs

Operating costs are the expenses that a company incurs in order to generate revenues from its business operations. These costs…

Market Position Jonathan Poland

Market Position

The market position of a brand, product, or service refers to its place in a crowded market. It is the…

The GSA Process 150 150 Jonathan Poland

The GSA Process

The General Services Administration (GSA) is an independent agency of the United States government responsible for managing and supporting the…

Data Analysis Jonathan Poland

Data Analysis

Data analysis is the process of collecting, organizing, and examining data in order to draw conclusions and make informed decisions.…

Knowledge Value Jonathan Poland

Knowledge Value

Knowledge value is the value that is derived from knowledge, skills, and information. It can be a measure of the…

Project Management Skills Jonathan Poland

Project Management Skills

Project management skills are a combination of talents, knowledge, and experience that enable an individual to effectively plan and execute…

Search →

Key Bridge

People. Profit. Progress.

Business is the lifeblood of progress and people are the driving force regardless of where they fit in the value chain. People drive profit by bringing products and services to market. Profit drives progress by allowing for new ideas to form with the excess capital. That’s why you join Key Bridge.

Key Bridge

People. Profit. Progress.

Business is the lifeblood of progress and people are the driving force regardless of where they fit in the value chain. People drive profit by bringing products and services to market. Profit drives progress by allowing for new ideas to form with the excess capital. That’s why you join Key Bridge.