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Oct
30

Three Prescriptions for Strategy and Competitive Intelligence Distress

Tom Hawes Competitive Intelligence, Strategy Effectiveness 4 comments

Disco

Many people that perform strategy or competitive intelligence jobs are feeling distress these days. It is a difficult environment for those responsible for the long term or externally focused thinking in an organization. It is not an easy time and yet there are things to do to survive while preparing for the economic improvement (fingers crossed).

The most important point is to remember that this time will pass.

One advantage of growing older is having more reference points. That is, you remember other bad (and good) times and realize that none went on forever. “Stagflation” from the late 1970’s went away. Disco (mercifully) ended. There was a recovery from the dot net implosion in 2001. We will get through the swine flu, too.

Okay, that does not mean that the time is not painful for many. So many people have lost their jobs. Others, who have managed to stay employed, may be feeling the most stress. (See the BusinessWeek article “When the Laid-Off Are Better Off”)

For the strategists and competitive intelligence professionals, there are three things to do.

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change, Competitive Intelligence, Strategy Effectiveness
Oct
23

10 Hints for Translating a Strategist’s Words

Tom Hawes Strategy Effectiveness Add your comment

RosettaStoneWhen you get two people together that speak no common languages, communication is difficult. Sometimes, recognition of the miscommunication happens quickly. One person tries (in their own language) to ask if the other person understands what they are saying. In the opposite direction, the same question (in the second person’s language) follows sincerely puzzled looks from both people.

What happens next?

You probably have been in these situations when seemingly the only resort is to use sign language. Our hands start waving and fingers start pointing. Occasionally, accompanying the gestures, we speak slower and louder as if that makes the language clearer. Through the pantomime, amazingly, we often get enough information to take our next step. Inefficient and fraught with negative possibilities, nevertheless it sometimes works.

How valuable would a translator be at those times?

Pretty valuable, because their expert services would significantly reduce the risk of misunderstanding. Both parties would walk away more confident that they have been understood. Whatever the next steps, they would not be left hanging with a question of whether or not they had made the best choice based on the clearest information (something that a good translation could have easily provided).

Business communications and its issues are not much different.

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communication, strategy, Strategy Effectiveness
Oct
13

A Competitive Intelligence Note to a Skeptic

Tom Hawes Competitive Intelligence, Strategy Effectiveness 1 comment

SkepticEnough already! Your work life is busy enough without someone telling you that you need to do still more things. Demands from your bosses, subordinates and customers inundate you. There is barely time to check your email, never mind respond to the flood of requests, meetings and other required activities. And then there is the business environment where survival alone seems to be a high goal. “Please” you want to say. No more. Not now. Not for me.

On the other hand, the vulnerabilities in business have never been clearer to you. Many good people that you know are out of work and suffering. You have dodged the bullet so far but you know that your company needs to do better. If the company does not win, your job may be the next to go. You remember a time, not so long ago, when ambition and possibilities motivated you more than fear. You enjoyed that time. It was a time of hard competition but winning, not just surviving, dominated your thinking.

It is time to think about winning again. It is time to take the measure of the competitors left standing and to attack. It is time to put together strategies that comprehend the market realities, accentuate your company’s strengths and exploit your competitors’ weaknesses.

How will you do all of that?

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business strategy, Competitive Intelligence, Skeptic, Strategy Effectiveness, strategy implementation
Oct
12

A Competitive Intelligence Note to Engineering

Tom Hawes Competitive Intelligence, Strategy Effectiveness Add your comment

EngineeringLet the CEO hatch the grand schemes. Let the General Manager make the management presentations and get the credit. Let Marketing create their wonderful stories about the future. Let the Product Manager be the face that most associate with the product. Your job, simply put, is to make their dreams possible. You, and your teams, organize the people, harness the technologies, execute the processes and deliver the products that fuel all of those dreams.

Most of the time, you have to focus on the concrete. There is not time to think fancifully or speculatively about the future. Taking your eye off the ball means that something could slip and that would result in many unhappy people. You take pride in avoiding such disappointments. You are reliable, conscientious and inclined to precision.

Still, you are not oblivious to what is happening in the world and among your competitors. Their engineering organizations are trying to beat yours. Some of the things that they do are outstanding. Their technology bets are sometimes different from yours. Product teardowns have given you insight into their product architecture and there are things to admire. You wonder if you doing everything that needs to be done to win. What should you be learning and changing to stay in front? How would you know?

It is a balancing act. Keep the processes humming while surveying the competitive landscape occasionally to understand where and how to improve. It would be great to have help with this. Perhaps Competitive Intelligence could help. Here are some possibilities.

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Competitive Intelligence, Strategy Effectiveness, strategy implementation
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