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What is the importance of collecting and interpreting data and information about competitors?

What is the importance of collecting and interpreting data and information about competitors? PRgWj
Competitors are the rivals of a business organization. Business organizations continuously compete with its competitors to cooldown the negative impact they get from its competitors. Competitors are those other businesses which offer similar products or services to the customer. Nowadays competitors are one of the most vulnerable forces which can impact a business and could even destroy the whole customer base of other businesses. The competition is now very high in the market. In this era of innovation businesses are going through constant competition. Those organizations who analyze their competitors, track all their moves, collect all data and information about their competitors' strategies, their strengths and weaknesses, how they are generating customers, and their business process get the competitive advantage. Competitive analysis helps a business to make the right decisions and moves at the right time. In this present time sustaining in the market depends on innovation. Due to the high demand of innovation and new features by customers, every competitor working on innovation spent a lot of time on what new could be introduced in the market which would help them to retain their customer for a long time and compete with their competitors. We can look at the giant organization Nokia which collapsed due to not focusing on competitors. Nokia was the market leader of mobile phone industries once but they did not work on innovation which ultimately turned them into failure in the race of competition. Therefore collecting, interpreting data and information about competitors is very crucial in terms of achieving sustainability, generating new strategies, and for retaining customers for a longer time.
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Competitors
are the rivals of a
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business
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organization
.
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Business
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organizations
continuously
compete with its
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competitors
to
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cooldown
the
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negative
impact they
This phrase/word (depending on the context) can be potentially replaced with :
get
from its competitors.

Competitors are those other
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businesses
which offer similar products or services to the customer.

Nowadays
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competitors
are one of the most vulnerable forces which can impact a
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business
and could even
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destroy
the whole
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customer
base of other
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businesses
. The competition is
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now
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very
high in the
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market
. In this era of
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innovation
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businesses
are going through constant competition. Those
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organizations
who analyze their
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competitors
,
This phrase/word (depending on the context) can be potentially replaced with :
track
all their
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moves
, collect all data and information about their competitors' strategies, their strengths and weaknesses, how they are generating
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customers
, and their
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business
process
This phrase/word (depending on the context) can be potentially replaced with :
get
the competitive advantage. Competitive analysis
This phrase/word (depending on the context) can be potentially replaced with :
helps
a
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business
to
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make
the right decisions and
This phrase/word (depending on the context) can be potentially replaced with :
moves
at the right
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time
. In this present
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time
sustaining in the
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market
depends on
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innovation
. Due to the high demand of
You use this word too often, consider replacing it with
innovation
and new features by
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customers
, every
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competitor
working on
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innovation
spent
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a lot of
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time
on what new could
be introduced
in the
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market
which would
This phrase/word (depending on the context) can be potentially replaced with :
help
them to retain their
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customer
for a long
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time
and compete with their
You use this word too often, consider replacing it with
competitors
. We can look at the giant
You use this word too often, consider replacing it with
organization
Nokia which collapsed due to not focusing on
You use this word too often, consider replacing it with
competitors
. Nokia was the
You use this word too often, consider replacing it with
market
leader of mobile phone industries once
This phrase/word is too simple and can be replaced with:
but
they did not work on
You use this word too often, consider replacing it with
innovation
which
ultimately
turned them into failure in the race of competition.

Did you forget a comma after a conjunctive/linking adverb?
Therefore
collecting, interpreting data and information about
You use this word too often, consider replacing it with
competitors
is
This phrase/word is too simple and can be replaced with:
very
crucial in terms of achieving sustainability, generating new strategies, and for retaining
You use this word too often, consider replacing it with
customers
for a longer
You use this word too often, consider replacing it with
time
.
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IELTS essay What is the importance of collecting and interpreting data and information about competitors?

Essay
  American English
4 paragraphs
266 words
5.5
Overall Band Score
Coherence and Cohesion: 5.0
  • Structure your answers in logical paragraphs
  • ?
    One main idea per paragraph
  • Include an introduction and conclusion
  • Support main points with an explanation and then an example
  • Use cohesive linking words accurately and appropriately
  • Vary your linking phrases using synonyms
Lexical Resource: 5.5
  • Try to vary your vocabulary using accurate synonyms
  • Use less common question specific words that accurately convey meaning
  • Check your work for spelling and word formation mistakes
Grammatical Range: 5.5
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 5.0
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • Support ideas with relevant, specific examples
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