There is need for an entrepreneur to do enough research and get informed about the competitors around. This can be done individual or seek the help of well-established organization that can give you all required information. Competitive intelligence essentially means understanding and learning what's happening in the world outside your business so you can be as competitive as possible.
A recent article by Stuart Hayes sheds light on mastering change in your business, here's some of what he had to say:
Change is the key element of growth and in business change calls for vision, a driving team and a tight context if it is to be delivered effectively and positively. This is why powerful leadership is so essential in a business.