Strength or weakness against your competitors


A way for Tim's Coffee Shop to determine the advantages (or weaknesses) they have compared to their competitors is through doing a Competitive Profile Matrix. When you identify your business's key success factors, you can weigh them according to their strength/weakness against your competitors. You can set any weight you wish, but a simple one is:

1 - Major weakness

2 - Minor weakness

3 - Minor strength

4 - Major strength

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Business Management: Strength or weakness against your competitors
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