How to Challenge Your Business Competitors

1. How to Challenge Your Business Competitors https://consult4sales.com/

2. Business world is tough and competitive. Every business has its own set of competitors in the market and its own set of strategies to follow. Answer yourself with following questions before you enter into the completion of actually overpowering your business competitors. What would be your approach? How would you create a plan or strategy to challenge your business competitors? https://consult4sales.com/

3. Implement Some Important Business Challenger Strategies 1.      Frontal Attack 2.      Flanking Attack 3.      Encirclement Attack 4.      Bypass Attack 5.      Guerrilla Attack https://consult4sales.com/

4. Frontal Attack Frontal attack is a direct attack on the competitor that goes in line with competitors' business aspects. There are brand names that adopted the strategy of frontal attack to capture a larger share of their respective markets. Some of the prestigious names include Maruti on Padmini, Vimal on Raymond, and Titan on HMT. https://consult4sales.com/

5. Flanking Attack Flanking attack is an indirect attack that captures the weak points or blind spots of the competitor. A live example of flanking attack is the Woodland Shoes on Bata. Woodland to challenge the market segment of Bata manufactured durable and robust outdoor shoes while capturing the untapped market segment and demographics as well. https://consult4sales.com/

6. Encirclement Attack Encirclement attack can be of two types, product and market encirclement. Product encirclement: With this attack strategy, the challenger introduces new products with better features, functionalities, and a low price tag. Market Encirclement: With this attack strategy, the challenger introduces a product to target a market segment yet not tapped by the competitor. The best example of encirclement attack is the e-commerce industry. https://consult4sales.com/

7. Bypass Attack Bypass attack is an attack that surpasses the competitor by attacking its loopholes and weaker market segments. A live example of bypass attack is the launch of Aquafina – Mineral Water by Pepsi. https://consult4sales.com/

8. Guerrilla Attack Guerrilla attack is an attack that comes as a shock to competitors because it is performed as a measure to embarrass or demoralize the competitor. Viral videos and stencil graffiti are some examples of Guerrilla Attack. https://consult4sales.com/

9. Thank You Presented by Mr. Sanjay Singh, Sales Coach https://consult4sales.com/