A typical competitive analysis will study a variety of factors, determined by the context and objectives of the project. Some of the most common elements included in a competitive analysis are:
- Competitors
- Strengths & Weaknesses
- User Needs and Wants
- Industry Trends
At Blink, we often perform a competitive analysis at the beginning of a broader user-centered design initiative. We will then typically supplement the competitive analysis with user research, stakeholder interviews, and other foundational and evaluative research activities to provide a deep understanding of your product or service, how it is used, and the market in which it exists. Performing these activities during the initial stages of a design engagement provides a comprehensive understanding of the most strategic opportunities for your business and provides an evidence-based body of data to support the many important decisions that are made throughout a design engagement.