You are a busy person and taking time to read this is a significant investment for you.
You know what it is like to create and run a business successfully in a market environment that is highly competitive and requires that everyone on your teams understands and contributes to the mission that you have defined. Executing the current business is difficult enough without the ever present and pressing complications of competition. Yet, competition is real and what others do makes a difference to your success or failure. Competitive intelligence can help you navigate through the complexities of the competitive environment better.
Alignment leading to tangible results in market share, revenue and profits is what you are after. Your goal is strategies that mobilize the organization and point the right way forward. There are five common imperatives that you have and several ways that competitive intelligence can help you.
- Protect the current business. Operational issues are important because today’s business funds tomorrow’s investments. Current products must be sold. Current customers must be serviced. How are you doing compared to your major competitors? Would benchmarking show more that you have more advantages or disadvantages?

Compare selling and business development strategies with competitors, benchmark your operations and analyze customer decision-making criteria. - Mobilize the organization. No important competitor is passive. Dedicated people at those companies are working to shape the future in their favor rather than yours. Their strategies are being implemented and you need to know what they are and what they mean to your strategies. One person cannot possibly do this alone. However, a well trained and focused team can do it and win. What would it mean to you to have your organization highly tuned to the competitive environment?
Provide periodic competitive news and alerts, implement information sharing tools and train teams to identify important competitive intelligence issues. -
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It probably wasn’t until I spent time in Malindi, Kenya, that I got a visceral sense of what it meant to be in the minority. My skin was far lighter, my hair was different and my clothes seemed out of place. I was a “mzungu” (white person). The people were quite kind yet I knew that most of the social adaptations would have to come from me. For a relatively brief time I felt what minorities must feel all the time when they live permanently with people different from themselves.
One of the things that intrigues me about competitive intelligence is the types of relationships that are required to be successful. Intuitively I think and empirically I know that people matter most. We get assignments from them, ask them to tell us their fears and deliver implicit commentary on their performance even as we report on the competitive environment.
One hundred and twenty years ago the scene in the American West would have been familiar. The scorching air would have been thick and dusty. The only street through the town of rickety boarded buildings would be crowded with cowboys and their horses. The one refuge from the oppressive conditions was the local saloon. And that was where you found all manner of folks. The tired cowhands, the frontier entertainers and the bad guys would be there. Everyone knew that the bad guys always came to the saloon looking for trouble. It was not a place for the unprepared or naïve because they were easily recognized and exploited. Winning for the bad guys was dominating the saloon.