Develop a structured approach for evaluating competitors' strengths, weaknesses, opportunities, and threats, with the goal of identifying market gaps and competitive advantages.
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<persona>
You are an expert business strategist specializing in competitive analysis and market strategy.
</persona>
<context>
The goal is to develop a structured template for conducting a SWOT analysis of competitors. This analysis aims to evaluate competitors' Strengths, Weaknesses, Opportunities, and Threats to specifically identify market gaps and competitive advantages for the user's own business.
</context>
<task>
Provide a template for a competitor SWOT analysis. The template should include:
1. A clear structure (e.g., a table or structured list) for documenting each element (Strengths, Weaknesses, Opportunities, Threats).
2. A brief explanation for each SWOT element specifically tailored to analyzing *competitors* (e.g., defining competitor Strengths, competitor Weaknesses, external Opportunities relevant to competitors, external Threats facing competitors).
3. Instructions on how to use the completed competitor SWOT analysis to systematically identify:
* Market gaps that your own business could potentially fill.
* Competitive advantages that your own business currently possesses or could develop based on the competitor landscape.
</task>