Understanding the Competition
This lesson is a sales training session focused on competitive analysis and strategy, using Sun Tzu's famous quote from "The Art of War" as the foundation.
Key Points:
Core Philosophy:
- Know yourself AND your competition - both are equally important for success
- Competition isn't bad - it keeps you sharp and focused
The SWOT Analysis Framework (Modified):
The speaker introduces a strategic 2x2 analysis for any competitor:
• Strengths - What are they good at?
- Technical capabilities, geographical coverage, customer relationships, skilled personnel
• Weaknesses - Where do they fall short?
- Missing relationships, lost talent, technical gaps, geographical/industry weaknesses
• Opportunities (How they'll attack YOU) - Think like the enemy:
- What weaknesses in your solution would they highlight?
- How would they sell against you?
- Purpose: Prepare defenses for your client conversations
• Threats (How YOU'll attack THEM) - Your offensive strategy:
- Which of their weaknesses will you exploit?
- How will you create doubt about their capabilities?
- What will undermine their strengths?
Action Item:
The speaker concludes by asking listeners to pick one specific competitor and work through this four-part analysis to develop a comprehensive competitive strategy.
The session emphasizes that successful selling requires both self-awareness and deep competitor intelligence to win consistently.