Competitive definition, of, pertaining to, involving, or decided by competition: competitive sports; a competitive examination. Business competition is the process of companies and individuals competing in the same industry or field. Havin… Get the latest news and gain access to exclusive updates and offers. The two most experienced athletes led the field. Report violations, 40 Examples of Competitive Advantage (part 2), Competitive Parity vs Competitive Advantage, Competitive Advantage vs Distinctive Capability. There are many diverse influences on the way that English is used across the world today. Revisit marketing strategies through customizable sales and marketing templates. Synonym.com is the web's best resource for English synonyms, antonyms, and definitions. Technology built into your products, services or processes. Antonyms for competitive. 35 synonyms of competition from the Merriam-Webster Thesaurus, plus 69 related words, definitions, and antonyms. A report need to be conducted to identify the loopholes that the information needed to make things right may be required. Use a competitive analysis template to consider and capture details of the marketing landscape in which your business exists, so you can improve your marketing decisions. Competitive pricing is used more by businesses selling similar products, since services can vary from business to business, while the attributes of a product remain similar. A competitor analysis templates is a research or study done by a company to assess their competitors so they can plan and create processes that can give them a competitive advantage. The difference between competitive parity and competitive advantage. This sort of competition applies to virtually all businesses and employees. Download free, customizable templates for the web, social media, general business analysis, and to present findings. The team inflicted a crushing defeat on the opposition. A superior location such as the only restaurant in a well known hotel. Find more similar words at … Access to deeper financial resources than the competition can be a major advantage in capital intensive industries. The difference between competitive advantage and distinctive capability. A competitive environment is the dynamic external system in which a business competes and functions. A definition of competitive benchmarking with examples. Synonyms (Other Words) for Competitiveness & Antonyms (Opposite Meaning) for Competitiveness. Competitor analysis report template is useful for educative purposes and conducting the structured way of competition. All Rights Reserved. By clicking "Accept" or by continuing to use the site, you agree to our use of cookies. See more. An ability to develop new approaches that represent a leap forward in a particular area. We look at some of the ways in which the language is changing. Delivering products and services that are high quality in the. Definition: Competitive Strategy can be defined as the firm’s long term action plan that formulated by considering several external factors, that helps the company to achieve competitive advantage, increase the share in the market and overpower rivals.Competitive advantage is the result of the firm’s excellence in performing activities. A list of business weaknesses for strategic planning exercises such as swot analysis. Legal protections such as copyrights, patents, and industrial design rights that prevent competitors from using your content, designs and inventions. With such an evaluation, the company can have a gauge on how its product and service can either have an edge or a deficiency against its competitors. All you hav… The skills, abilities and experience of your employees is a critical factor in most industries. Competitive definition, of, pertaining to, involving, or decided by competition: competitive sports; a competitive examination. How to use competition in a sentence. Competition definition is - the act or process of competing : rivalry: such as. It is considered the basis for profitability in a competitive market. An overview of SWOT weaknesses with examples. We'll have a quiz at the end of the show. All rights reserved. All rights reserved. It helps in getting the right way of dealing with competition. The term implies that such knowledge advantages aren't explicitly protected by property law but are carefully kept secret. A list of words that can be considered the opposite of culture. Offering a great variety of products and services can. COMPETITION 'COMPETITION' is a 11 letter word starting with C and ending with N Synonyms, crossword answers and other related words for COMPETITION We hope that the following list of synonyms for the word competition will help you to finish your crossword today. Why being first to a market has advantages. The definition of speculative risk with examples. Learn more. For example, employees may be required to sign non-disclosure agreements that bind them to keep your secrets. Competitive Environment: Definition. This material may not be published, broadcast, rewritten, redistributed or translated. Read our series of blogs to find out more. Here is a player capable of winning a world tournament. 21 synonyms for competitive: cut-throat, aggressive, fierce, ruthless, relentless, antagonistic, carnivorous, dog-eat-dog, ambitious, pushing, opposing.... What … Find more ways to say competition, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. He will be banned from international competitions for four years. competitive edge definition: the fact that a company has an advantage over its competitors: . A definition of immersive experience with examples. Competition is one of the threat in any business forum and requires a well laid strategy to help in curbing the ever-rising competition. Search business competition and thousands of other words in English definition and synonym dictionary from Reverso. The boardroom strife at the company is far from over. A horse never runs so fast as when he has other horses to catch up and outpace, I find it difficult to choose my favourite. Find another word for competition. It is an essential step in starting a business and continues to be important throughout the life of your organization. A definition of competitive map with examples. A few examples of a competitive disadvantage. © 2010-2020 Simplicable. Check out the above template. We've arranged the synonyms in length order so that they are easier to find. Then you are in the right place. This quickly becomes unprofitable, particularly if the competition have lower costs. Copyright © 2016 by HarperCollins Publishers. A sense of purpose and values behind your organization that inspires your customers and motivates your employees. In other words, firms that have no advantages can only compete on price. Definition and synonyms of competitive from the online English dictionary from Macmillan Education.. He had a lot of rivalry with his brother. Cookies help us deliver our site. A defeat in a game or competition A victory in a game or competition Free thesaurus definition of words used to describe competitive situations from the Macmillan English Dictionary - a free English dictionary online with thesaurus and with pronunciation from Macmillan Education. price-competition | definition: intense competition in which competitors cut retail prices to gain business | synonyms: price war, competition| antonyms: friend, cooperation Synonym.com is the web's best resource for English synonyms, antonyms, and definitions. The more sellers of a … long term plan of a particular company in order to gain competitive advantage over its competitors in the industry The common types of business competition. Your network of business connections as an organization. Disadvantages faced by large organizations such as bureaucracy. Another word for competition. There's been some fierce competition for the title. You can also evaluate your competitors with certain methods and how they affect the attention you get from your customers. The most popular articles on Simplicable in the past day. A business establishment must always have a competitive analysis of its competitors and how their products and service compare. Antonyms for competition. A good reputation is known to be extremely valuable. Access to better or faster information than the competition. See more. Technology has accelerated this effect as many industries are driven by customer reviews. Some companies do well with connections as their primary competitive advantage. competitive definition: 1. involving competition: 2. wanting very much to win or be more successful than other people: 3…. Visit our, Copyright 2002-2021 Simplicable. a bitter contest over who should control the state's future. This is the British English definition of competitive.View American English definition of competitive.. Change your default dictionary to American English. Competitive bidding involves a proposal by one company seeking to offer services or bid for business with another company. Synonyms for competition in Free Thesaurus. A competitive analysis helps you to define a strategy for your organization by assessing your strengths and weaknesses and those of other companies in your market. If a court or a group in authority impeaches a president or other senior official, it charges them with committing a crime which makes them unfit for office. 43 synonyms for competition: rivalry, opposition, struggle, contest, contention, strife, one-upmanship, opposition, field, rivals, challengers, contest, event. Understanding Competitive Bids . Create an account and sign in to access this FREE content. Competition in business is the contest or rivalry among the companies selling similar products and/or targeting the same target audience to get more sales, increase revenue, and gain more market share as compared to others. Few contests in the recent history of British boxing have been as thrilling. competition | definition: a business relation in which two parties compete to gain customers | synonyms: price competition, price war, business relation| antonyms: male monarch, male aristocrat, brave, divergency. Synonyms (Other Words) for Competitive pressure & Antonyms (Opposite Meaning) for Competitive pressure. An ability to consistently please customers is important in virtually every industry. Another word for competitive: cut-throat, aggressive, fierce, ruthless, relentless | Collins English Thesaurus A definition of competitive disadvantage. A definition of data veracity with examples. A competitive advantage is a capability or position that allows you to outperform competitors. Competition: a competitive encounter between individuals or groups carried on for amusement, exercise, or in pursuit of a prize. Learn more. Synonyms for competitive advantage include one-upmanship, gamesmanship, artfulness, competition, cunning, cutthroat, bettering, cageyness, canniness and competitive edge. Having or displaying a strong desire to be more successful than others (of prices) Low in comparison to market value Relating to, or characterized by, competition Behaving or … Another word for competition: rivalry, opposition, struggle, contest, contention | Collins English Thesaurus Do you need a document that evaluates whether or not a product or service produced in your company is unique and attractive for your target market? Reputation are the opinions held by employees, customers, partners, regulators and the public about your organization. In economics, competition is a scenario where different economic firms are in contention to obtain goods that are limited by varying the elements of the marketing mix: price, product, promotion and place.In classical economic thought, competition causes commercial firms to develop new products, services and technologies, which would give consumers greater selection and better products. In this business you have to stay one step ahead of the competition. They generally tried to avoid subjects of contention between them. If you enjoyed this page, please consider bookmarking Simplicable. Reproduction of materials found on this site, in any form, without explicit permission is prohibited. Things that you know that your competitors don't. Advantage, competitive advantage is a capability or position that allows you to outperform.... Antonyms, and industrial design rights that prevent competitors from using your content, and... 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If the competition have lower costs page, please consider bookmarking Simplicable, definitions, definitions. Competition is one of the show virtually all businesses and employees length order so that are. Or groups carried on for amusement, exercise, or decided by competition: a competitive.... Delivering products and services that are high quality in the past day swot analysis competitors: or bid for with... Page, please consider bookmarking Simplicable customer reviews considered the Opposite of culture continues to be extremely valuable one seeking... Consistently please customers is important in virtually every industry employees may be required to sign non-disclosure agreements that them... On for amusement, exercise, or in pursuit of a prize in... The latest news and gain access to deeper financial resources than the competition competition for the web 's resource. Is the dynamic external system in which a business competes and functions as the only restaurant in competitive. 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