SAP Message VCASOM008 - Business partner &1 is not valid as competitor!

Diagnosis
This business partner has not been defined as a competitor.

System Response
The business partner cannot be used in the requested function.

Procedure
Check whether the business partner can be used as a competitor bychecking the customer type in the customer master record. On theaddress screen, select Extras -> Account group info -> Customertypes.

Note
You can use your own company as a competitor in the customer potentialanalysis.