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1.2 Given that competitor analysis is an essential component of corporate strategy, Porter(1980) argued that most firms do not conduct this type of analysis systematically enough.
Rather, a lot of firms operate on what he calls informal impressions, conjectures, and intuition gained through the tidbits of information about competitors every manager continually receives.
As a result, traditional environmental scanning places many firms at risk of dangerous competitive blind spots due to lack of robust competitor analysis .To rectify this situation, I am writing this working paper to make easy for students to study and understand.
Rather, a lot of firms operate on what he calls informal impressions, conjectures, and intuition gained through the tidbits of information about competitors every manager continually receives.
As a result, traditional environmental scanning places many firms at risk of dangerous competitive blind spots due to lack of robust competitor analysis .To rectify this situation, I am writing this working paper to make easy for students to study and understand.