Identifying, understanding, and analyzing your competition are important for strategy development and the long-term viability of your value-added business. This can lead to identifying ways of positioning yourself in the marketplace to effectively compete.
If you are just starting a value-added business, you might want to Conduct a Competitive Analysis to see if there is room for your business. For value-added businesses involved in retailing, you may be Competing with Chains.
More information on competition is provided in the box at the right.