“Please, please, please” come the pleas from senior management!

“Please do me and yourselves a favor about competitive intelligence” they say. “Listen and respond to what I tell you and we will both be better off.”

And this is what they say …

First, I do not need more information from you since I have more than I need already.

I am literally swimming in information from all of my managers, the stack of publications that I read and the many discussions that I regularly have with customers and investors. It is good that you can find and summarize data. Share that information with others. What I need is something that helps me interpret the information that I have. I need models, comparisons, correlations, trends and opinions which help me organize and respond to information that I largely already have.

Second, I am not impressed with fancy presentations because they waste my time.

Why do you think that I would care about fancy PowerPoint presentations that sequentially rollout information to me? This is slow, inefficient and a waste of my time. Don’t do it! Frame data simply and clearly. Allow me to see the whole and control the sequence. And, most of all, make sure that your presentation is the basis for a successful discussion that I control rather than a testament to your artistic ability.

Third, I do not need help with easy questions since it is the hard questions which affect my strategies.

Your job is to help me with the difficult questions that have unobvious answers. Answers to easy questions that can be derived from public information distract you and me. Instead, I need you to develop answers to the really tough questions that affect the strategic decisions that I have to make. Then tell me the risk involved with the answers that you have provided. I will take it from there.

Senior management desperately needs effective competitive intelligence. CI professionals can easily damage their reputations and hinder their effectiveness when they ignore the common pleas from senior management. Be smarter than that!

In meeting with leaders from multiple companies, there is a common thread that I observe about the need for and lack of competitive intelligence in their businesses. Given the dearth of competitive intelligence insight, why don’t companies spend more time and money getting better at this function? There are five common reasons that I hear from companies.

1. We already do competitive intelligence (but it is not helping us).
2. We can’t afford it (but we can accept the costs of not doing it).
3. We don’t believe it can help (because we think we are already are doing everything we need to do).
4. We tried it before (and it didn’t deliver valuable information).
5. We need certainty (and there is some risk in the answers).

There are TWO types of people in this world.

(Don’t you love it when someone reduces all of the complexities of life to simple categories? And yet, clearly some things fundamentally divide people into camps.)

Standards, or more precisely stated, the expectations that we have for ourselves are one of these dividing lines. Here is the illustration that I like to use. What do you see below?

There is a bar suspended between two posts, of course. Now, if I told you that you had to move between the two posts but not disturb the horizontal bar, you have two choices. You can go under it or you can go over it. Choosing not only where the bar is set but also how you pass through says something about you. And that is what separates all of us into one of two camps.

Where I live it is common to have slab foundations (How to Build a Slab Foundation) for homes.

Slab foundations are solid blocks of poured concrete on top of which the structure is erected. There are several important characteristics that a slab foundation must have in order to support the house that is being built.

• It must be shaped correctly for the house. It is costly and difficult to alter the basic shape after it hardens.

• Although it looks like a solid mass of concrete, it actually conceals a great deal of infrastructure including electrical conduits, plumbing and cables (which provide strength).

• Everything attached to or embedded in the foundation must be in the right place (again, it is hard to change things fixed in concrete). For example, the plumbing for sewage should emerge where the bathrooms are planned to be.
• Finally, after doing all of the necessary things, it is important to preserve your flexibility for all of the remaining elements of the home. For instance, the placement of the second story wall for the guest bedroom is not to be tied to something in the design of the foundation.

The foundation serves its purpose even though it is not a visible feature of the home. The structure above obscures what is beneath it and many people give little thought to what they don’t see. However, you absolutely must pay attention to your CI foundation. And the quiet time after your first management presentation is a good time to establish what will support all that you do later.