Analyzing and monitoring your competition is fundamental to any business success. So what should a good competitive report include and how to take it from research to an action? Why Does My Business Need a Competitive Report? There are many reasons why a business may need a competitive report, and all of these are valid: To better understand your target audience by researching how they find and engage with your more established competitorFor market research: Understand what is currently available on the market and where your business fits inTo get an estimate of your future marketing budgetTo identify effective marketing