Best Competitive Analysis Templates for Product Managers

Competitive analysis helps product managers understand their position in the market relative to competitors. It enables them to identify opportunities for differentiation and potential areas for improvement. A Competitive Analysis template streamlines this process by organizing relevant data into an accessible format, allowing for more effective decision-making.

Before creating your own Competitive Analysis template, consider exploring the ones mentioned below to simplify the process.

What Should Competitive Analysis Templates Include?

Choosing the right competitive analysis template can streamline your market research and enhance your strategic decisions. Here are key components to look for in an effective template:

  1. Market Overview: This section should provide a comprehensive view of the industry, including market size, growth trends, and key players. It sets the stage for deeper analysis.

  2. Competitor Benchmarking: Essential for comparing your product directly with competitors on various aspects such as price, features, and market share.

  3. SWOT Analysis: A detailed SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis for each competitor helps in understanding strategic positions and potential moves.

  4. Customer Insights: This should include information on customer demographics, preferences, and feedback on competitor products, providing a direct line to market demands and expectations.

Selecting a template that effectively covers these areas ensures a thorough understanding of your competitive landscape, aiding in smarter, data-driven decision-making.

What Should Competitive Analysis Templates Avoid?

Choosing the right competitive analysis template is crucial for product managers. It's important to know what features can hinder rather than help your strategic insights.

  1. Overly Complex Frameworks: Avoid templates that include excessive metrics and categories. They can complicate the analysis and obscure key insights.

  2. Irrelevant Competitor Data Fields: Ensure the template does not require data that is not applicable to your industry or market, as this can lead to unnecessary work and confusion.

  3. Static Content Structure: Steer clear of templates that do not allow customization. Competitive analysis needs to evolve with market changes, and flexibility in the template is key.

Remember, the best template is one that simplifies the process of understanding your competitors, not one that adds to the complexity.

1Competitive Analysis

Track and stay ahead of competitors operating in your market. Edit individual items to add notes, screenshots, etc. about each competitor.

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2Feature market analysis

Quickly and elegantly identify differences between your product and primary competitors when it comes to features. Always have a sense of the market and where different players are innovating.

This can also help your sales team understand at a glance where they have opportunity to point out your product's unique advantages.

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3Competitor Analysis

Make sure your entire company understands your competitive landscape, where you're best in class, and where you still have room for growth. This is very helpful for keeping urgency high.

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4Competitive Positioning Framework

Use this table to quickly compare your brand or company to the competitors in your industry and develop differentiated solution/benefit statements, core differentiators, category(s), and market position. Take a look at incumbents and well-established competitors as well as emerging disruptors and innovators in your space. You might also consider comparing your company to complementary brands—brands your customers may already be loyal to or use in conjunction with your product, such as an integration.

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5Business Model Canvas

Business Model Canvas Template for Notion & FigJam
The Business Model Canvas splits a business model into 9 areas and invites you to brainstorm how your business will capitalize on each. Whether you're starting up a new business or trying to understand an existing one, the Business Model Canvas will help you map it out.

The Business Model Canvas is ideal for quick thinking and brainstorming with sticky notes, so grab your team and start thinking about:

Value Proposition. What does the business offer to meet the needs of its customers? What distinguishes it from its competitors? Is it something innovative? Price? Quality?

Key Activities. What does the business do to execute its value proposition?

Key Resources. What resources does the business have to give it an edge? People? Knowledge? Assets?

Key Partners. Does the business have any complimentary partnerships or relationships? Joint ventures or strategic alliances?

Customer Segments. Who are the customers? A niche market or mass appeal? Multiple different segments? Multi-sided market?

Customer Relationships. What sort of relationship will the business have with its customer segments? High touch sales? Self-service? Community-based?

Channels. What channels will the business use to get its value proposition to its customers? Marketing? Partnerships? Online or physical?

Cost Structures. How will the business expenses be structured? Fixed costs and variable costs? Economies of scale? Minimize costs or maximize value?

Revenue Streams. How will the business make money from its customers? Selling something? Subscription fees? Advertising?

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6SWOT Analysis

The template guides you through a systematic evaluation of Strengths, Weaknesses, Opportunities, and Threats associated with your project or initiative. also aids in the development of effective strategies to accomplish your goals. Through a clear understanding of the internal and external factors affecting your situation or idea, you can build a robust strategic plan that maximizes your strengths, addresses your weaknesses, leverages available opportunities, and mitigates potential threats.

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7Competitor Battlecards

Knowing your competition is one key to success. With this Competitor Battlecards template, you can see the landscape, know your positioning, and set your company up to win.

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8Competitive Analysis Template

A competitive analysis is an assessment of our competitor’s products & services to evaluate their strengths and weaknesses in comparison to ours. This template focuses on UX/UI analysis of competitors' products.

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9Competitor UX analysis

UX competitive analysis focuses on evaluating and comparing the user experience elements of competitors' products or services, like navigation, information architecture, visual design, content quality, usability, and overall user satisfaction.

In this process, you'll create a list of competitors (check out a competitor page), examine their features compared to yours (feature audit), look at how users interact with their product and what challenges they face (UX analysis), and put together a visual board for inspiration from their design choices (benchmarking).

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10Notion Competitor Monitoring Template

Our Notion Competitor Monitoring Template will allow you to jumpstart your competitive analysis without starting from scratch. This template contains four pages including a SWOT Analysis, a competitor Kanban board, guiding questions, and a 100+ resource database. Stay ahead of your competition and start using competitor insights to your advantage.

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Closing Thoughts

Utilizing these templates streamlines the process of gathering and analyzing competitor data, allowing for quicker strategic decisions. They provide a clear framework to identify strengths and weaknesses effectively.

By implementing these tools, you can enhance your market understanding and position your product more competitively. Start today to see immediate improvements in your strategic planning and execution.

What is a SWOT Analysis?

SWOT Analysis is a strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

What is a Market Positioning Map?

A Market Positioning Map is a visual tool that displays how different competitors are positioned in the market based on two key variables, typically price and quality.

What is a Feature Comparison Matrix?

A Feature Comparison Matrix is a detailed chart used to compare various features of competitive products side-by-side to assess their strengths and weaknesses.

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