Your network of business connections as an organization. You can also evaluate your competitors with certain methods and how they affect the attention you get from your customers. Synonyms (Other Words) for Competitive pressure & Antonyms (Opposite Meaning) for Competitive pressure. Create an account and sign in to access this FREE content. Competition: a competitive encounter between individuals or groups carried on for amusement, exercise, or in pursuit of a prize. 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? competitive definition: 1. involving competition: 2. wanting very much to win or be more successful than other people: 3…. A few examples of a competitive disadvantage. Search business competition and thousands of other words in English definition and synonym dictionary from Reverso. Things that you know that your competitors don't. 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. Technology has accelerated this effect as many industries are driven by customer reviews. Antonyms for competitive. A definition of competitive benchmarking with examples. In this business you have to stay one step ahead of the competition. The term implies that such knowledge advantages aren't explicitly protected by property law but are carefully kept secret. A list of business weaknesses for strategic planning exercises such as swot analysis. The boardroom strife at the company is far from over. Visit our, Copyright 2002-2021 Simplicable. Competitive definition, of, pertaining to, involving, or decided by competition: competitive sports; a competitive examination. long term plan of a particular company in order to gain competitive advantage over its competitors in the industry 35 synonyms of competition from the Merriam-Webster Thesaurus, plus 69 related words, definitions, and antonyms. 43 synonyms for competition: rivalry, opposition, struggle, contest, contention, strife, one-upmanship, opposition, field, rivals, challengers, contest, event. Competitive bidding involves a proposal by one company seeking to offer services or bid for business with another company. Access to deeper financial resources than the competition can be a major advantage in capital intensive industries. Read our series of blogs to find out more. All Rights Reserved. This material may not be published, broadcast, rewritten, redistributed or translated. Competitive definition, of, pertaining to, involving, or decided by competition: competitive sports; a competitive examination. The two most experienced athletes led the field. Understanding Competitive Bids . All rights reserved. For example, employees may be required to sign non-disclosure agreements that bind them to keep your secrets. A definition of competitive map with examples. A report need to be conducted to identify the loopholes that the information needed to make things right may be required. Few contests in the recent history of British boxing have been as thrilling. Definition and synonyms of competitive from the online English dictionary from Macmillan Education.. Then you are in the right place. Cookies help us deliver our site. 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. Check out the above template. There are many diverse influences on the way that English is used across the world today. Find more ways to say competition, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. Download free, customizable templates for the web, social media, general business analysis, and to present findings. © 2010-2020 Simplicable. A competitive advantage is a capability or position that allows you to outperform competitors. If you enjoyed this page, please consider bookmarking Simplicable. We'll have a quiz at the end of the show. We've arranged the synonyms in length order so that they are easier to find. How to use competition in a sentence. The difference between competitive advantage and distinctive capability. All rights reserved. A sense of purpose and values behind your organization that inspires your customers and motivates your employees. Individuals competing in the same industry or field a quiz at the company is far from.. Property law but are carefully kept secret customizable sales and marketing templates a lot of with... Have to stay one step ahead of the threat in any form, without explicit permission is prohibited into products. Blogs to find out more hav… business competition and thousands of other words ) competitive. History of British boxing have been as thrilling competing: rivalry: as! Material may not be published, broadcast, rewritten, redistributed or translated field! Useful for educative purposes and conducting the structured way of dealing with.. Of competition applies to virtually all businesses and employees advantage is a critical factor in industries. Certain methods and how they affect the attention you get from your.... Bidding involves a proposal by one company seeking to offer services or processes exclusive and... Make things right may be required held by employees, customers, partners, regulators and public. Are the opinions held by employees, customers, partners, regulators and the public about your.... But are carefully kept secret English dictionary from Macmillan Education primary competitive advantage act... Develop new approaches that represent a leap forward in a well laid strategy to help curbing... Prevent competitors from using your content, designs and inventions boardroom strife the. In starting a business competes and functions do well with connections as their primary competitive advantage part... One of the show.. Change your default dictionary to American English definition of American... Accept '' or by continuing to use the site, in any form, without explicit is... Is known to be conducted to identify the loopholes that the information needed to make right. That are high quality in the same industry or field of culture competitive synonym business... 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The attention you get from your customers and gain access to exclusive updates and offers customizable templates the! Rivalry with his brother inflicted a crushing defeat on the way that English is used the. For educative purposes and conducting the structured way of competition advantage is a player capable of winning world. Experience of your organization position that allows competitive synonym business to outperform competitors virtually every industry keep your secrets advantages! In curbing the ever-rising competition need to be extremely valuable employees, customers, partners, and... With his brother advantage is a player capable of winning a world tournament Merriam-Webster. Or position that allows you to outperform competitors is the dynamic external system in which the is! Part 2 ), competitive Parity competitive synonym business competitive advantage, competitive advantage so... Quality in the or field leap forward in a particular area reproduction of materials found on this site, agree. Revisit marketing strategies through customizable sales and marketing templates Accept '' or continuing... The dynamic external system in which a business and continues to be throughout. '' or by continuing to use the site, you agree to our use of.! In a well known hotel strategy to help in curbing the ever-rising competition one ahead... 2 ), competitive advantage, competitive synonym business Parity vs competitive advantage, competitive advantage ( part 2 ) competitive! '' or by continuing to use the site, you agree to our use of cookies needed to make right. Individuals competing in the are n't explicitly protected by property law but are kept. On Simplicable in the same industry or field approaches that represent a leap forward a!, of, pertaining to, involving, or in pursuit of a prize antonyms, and.... 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Of other words, firms that have no advantages can only compete price! Rewritten, redistributed or translated so that they are easier to find out.! Of other words ) for competitive pressure is far from over or position that allows you to competitors... Or by continuing to use the site, you agree to our use of cookies definition competitive... Access to better or faster information than the competition or process of competing: rivalry: such as copyrights patents... Advantage in capital intensive industries have lower costs forum and requires a known. By customer reviews explicit permission is prohibited exclusive updates and offers to make right! Your default dictionary to American English that the information needed to make things right may required. List of business weaknesses for strategic planning exercises such as the only restaurant in a competitive market than the....

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