Turning Competitor's Weaknesses Into Opportunities

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Mukisa Simon Peter
Teacher, Uganda

Turning Competitor's Weaknesses Into Opportunities

How can I turn my rival's internal weaknesses into my opportunities since some companies succeed in keeping their internal weaknesses as a secret to themselves?

  Heringa
Analyst
 

Taking Advantage of Our Competitor's Weaknesses

Your strengths are your competitor's weaknesses. If not, they're not your strengths either. If they are, you could use them to his disadvantage.
For example: you have a strong financial position (and your competitor does not), you can bleed him out, through price war or excessive marketing.
In my opinion, however, you should not focus on eliminating the competition, but on creating value for your customer and having your competitor around to show to you are better.

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