as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
describe the process of launching a competitive analysis
user
the process of launching a competitive analysis involves identifying business competitors, gathering data on their operations, analyzing the data to identify similarities and differences with the business, assessing the competitive threats and opportunities, and responding with a competitive strategy that takes advantage of the opportunities and minimizes the threats.
assistant