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.

Complete and Continue