Question: Understanding your competitive environment is important because: Competitive Environment analysis prevents companies from making mistakes. All strategy is based on actionable competitive environment information. The

Understanding your competitive environment is important because:
Competitive Environment analysis prevents companies from making mistakes.
All strategy is based on actionable competitive environment information.
The competitive environment analysis allows the company to avoid surprises.
All strategy must be based on deception. Trick the competitor into making mistakes is the foundation of every well designed and executed strategy.

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