This means stakeholders most want to make sure you know what you’re doing. Think of it this way; you’re asking them to trust you with their money. The important word here is trust. You build on it by showing that you realistically meet market challenges. Chart showing what stakeholders want to see Storypitchdecks’s findings. A competitor analysis presentation can easily turn into a cross-exam when it comes to coming up with new ideas. They are here to challenge your confidence and undermine your arguments.
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You don’t want to leave any questions unanswered, but instead anticipate what they’ll ask South Korea Phone Numbers List and be prepared. Arm yourself with competitive insights and be ready to fight back. Identify Your Competitors To build a comprehensive competitor analysis framework, you need to actively seek out potential competitors. There are different types of competitors, and not all of them are obvious at first. Think outside the box and ask yourself who might come up with a completely different solution to the same problem. It’s the less obvious competitors that often cause the biggest headaches in the long run. If you don’t immediately identify any direct competitors, broaden your search and keep digging until you find your niche. Know Your Competitor Map assesses the severity of the threat that different competitors pose to your project’s success.
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If you don’t, investors will. Having a Game Plan in Your Pocket Based on the BT Leads assessment, you can develop a strategy to overcome the challenge. Use competitor benchmarking techniques to pinpoint specific threats and develop targeted solutions. For example, how do you plan to capture the attention of an audience that is fascinated and loyal to larger brands offering similar solutions? Or how do you overcome the price gap with less expensive products that are popular with younger audiences? This information does not go into your competitive analysis pitch deck, but it is your insurance policy. When you present the competitive landscape at your pitch, your knowledge will reflect your confidence and reassure stakeholders that you know exactly what you’re getting into.