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SWOT Analysis is useful for highlighting and positioning advantages.
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Customers are highly influenced by analysts and thought leaders.
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Market leaders establish a unique and defendable market position and
then strive to "own" that position. When I begin to define a product
(or company's) position, I begin by evaluating the size of potential
areas of market opportunity, the customer problem to be solved and the
current solution for it, the value provided by my product relative to
the current solution, my strengths relative to the competition, and the
partners needed to win.
One useful way of differentiating oneself from the competition is with
strength, weakness, opportunity, and threat (SWOT) analysis as shown in
the slide "Competitor X-SWOT Analysis".
Once positioning is established, it is important to encourage thought-leaders
to publicly support that position. This can be done by obtaining favorable
reviews from the press, analysts, blogs, and elsewhere. Industry analysts
tend to be most important for technical audiences such as those in the
information technology (IT) market. See the "Magic Quadrant" slide as an
example. I've found that thought-leaders respond best to big ideas, new
ways to solve existing problems, well articulated stories, and repetition.
Companies
Highlights