Preparing a Competitive Report

If you’re in charge of competitive research, you’ll want to publish a competitive brief at regular intervals to your product and sales teams, as well as members of your executive management team. You’ll also want to send real-time updates when important news breaks.

What’s in a Weekly Competitive Report

The purpose of the weekly report is to give your internal audience an at-a-glance understanding of key performance indicators you’re tracking. Information should include:

  • A list of competitors you’re tracking, with basic business information, such as stock price and number of employees.

  • Any newcomers to the list, as well as any who have been removed.

  • Charts for each metric you’re comparing, such as traffic volumes, Google PageRank, Technorati ranking, uptime, performance, and number of mentions. Include one series line for each competitor, and clearly show your own organization for comparison.

  • A table showing the score for each competitor, as well as the change from the previous reporting period.

  • A summary of activity for each competitor, including any changes detected in each one’s online content as well as links to any important news picked up through alerts or feeds.

  • Community reports for any online profiles your competitors operate, such as the volume of Twitter messages, contributions to groups or forums, and so on.

Once you start to publish regular competitive reports, you’ll train the company in what to expect.

Communicating Competitive Information

Your weekly updates can be sent via an internal mailing list. You may also want to publish competitor-specific information to an internal wiki so that it can be accessed by others doing research. Depending on how important competitive intelligence is to your company, you may even want to capture and store competitive data within a community platform automatically.

Breaking news, such as changes to a website, product or marketing updates, or other alerts that can have a material impact on your company’s business, should be communicated through a real-time model, such as a micromessage feed or a mailing list.

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