Building Your Competitive Strategy
Turn competitive insights into differentiation and positioning
Your Progress
Section 4 of 5From Analysis to Strategy
Competitive analysis is not an end in itselfβit is input for your strategy. Use what you have learned to decide how you will differentiate and position your product.
Choose your battlefield. Do not try to compete on every dimension. Pick 1-2 areas where you can win and double down.
Strategic Questions
Where can you win?
Identify competitor weaknesses that align with your strengths. Look for gaps in the market.
Where should you avoid competing?
Recognize areas where competitors have insurmountable advantages. Do not fight unwinnable battles.
What will you emphasize?
Choose your differentiation angleβfeatures, experience, niche, price, service, or speed.
Choose Your Differentiation
Differentiation Strategies
π§Feature Differentiation
Compete by offering unique capabilities
Use when you have technical advantages or unique features
- β’Unique integration ecosystem
- β’Patent-protected technology
- β’Superior performance
- +Clear value proposition
- +Defensible advantage
- +Premium pricing justified
- !Can be copied over time
- !Requires ongoing R&D
- !Feature bloat risk
- βFocus on 2-3 killer features
- βShowcase technical superiority
- βPatent or protect IP
Craft Your Positioning
Positioning Statement Framework
For teams
who need to collaborate in real-time
Slack is a messaging platform
that makes team communication searchable and organized
Unlike email
Slack is designed for modern, fast-moving teams with channels, integrations, and instant search
For teams who need to collaborate in real-time, Slack is a messaging platform that makes team communication searchable and organized. Unlike email, Slack is designed for modern, fast-moving teams with channels, integrations, and instant search.
Strategy is About Choices
You cannot be everything to everyone. The best strategies are narrow and focused. Choose where you will compete, what you will emphasize, and what you will ignore.
Key Takeaways
- β’Choose 1-2 differentiation strategies where you have sustainable advantages.
- β’Craft a positioning statement that clearly defines your target, need, category, and differentiation.
- β’Avoid competing on dimensions where competitors have insurmountable advantages.
- β’Strategy is about trade-offsβyou cannot win everywhere, so choose your battles wisely.