In my day, I was quite the basketball player. My reputation was cemented on the backyard court where I dominated my two friends. They couldn’t beat me no matter what strategies they devised. Trying outside shots didn’t work. Driving to the left or right didn’t gain them any advantage. Tricky passes were futile against me. There was nothing that they could do to win. I knew their game and the limitations of their ability because I studied them every day (the early days of my competitive intelligence career). That information let me anticipate and counter anything that they tried to do. Ah, the memories of the victories are still sweet.
Knowing what my friends could and could not do served me well in those halcyon days.
That leads to a present day business question. Wouldn’t you and I always want to know everything we could about our competitors? Surprisingly, the answer is “no.” Sometimes competitive intelligence is optional.
Here are 4 instances when competitive intelligence matters little or not at all (maybe).
Read the rest of this entry