Competitive Intelligence PMRS - 10 January 2002 Competitive Intelligence for Internet Researchers...
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![Page 1: Competitive Intelligence PMRS - 10 January 2002 Competitive Intelligence for Internet Researchers Knowledge Navigators info@navigating.info Competitive.](https://reader036.fdocuments.us/reader036/viewer/2022081518/55171104550346fe558b5493/html5/thumbnails/1.jpg)
Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Competitive Intelligencefor
Internet Researchers
Knowledge Navigators
Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Agenda
• Overview• Collection
– Industries– Companies– People– News– Government
• Analysis• Current awareness tools
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
What is Competitive Intelligence?
Competitive Intelligence is processed information about your business environment that enables more informed decision-making by identifying threats, developments and opportunities.
– Basic: background information that can be used as a basis for evaluating new information.
– Current: recent information relating to current situations and events.
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Information vs Intelligence
• Information– Raw, unprocessed– Fact or collection of
facts– Must be checked for
accuracy, grouped with other facts and interpreted to uncover underlying causes, circumstances and truths
• Intelligence– Interpretation of
information
– Results from information processing
– Requires knowledge of external factors affecting a business
– Predictive
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Intelligence is NOT spying
• Espionage is spying. Companies that practice industrial espionage are vulnerable to bad publicity and/or legal action.
• 80 to 90 per cent of what decision-makers need to know about the external operating environment can be obtained ethically and legally.
• Grey zone includes myriad activities that defy definition, border on the illegal or don't feel right.
• Establish and promote clear ethical guidelines.
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Three CI Disciplines
1. Competitor Intelligence
2. Market Intelligence
3. Technical Intelligence
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Intelligence Cycle Five Stages
1. Direction– Starts at the top
2. Collection– Develop a plan
3. Processing– Analysis is essential
4. Production– Choose the right format
5. Dissemination– When, and to whom?
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Direction
• Statement of the Intelligence Problem– Most important of the
intelligence needs
• Priority Intelligence Needs– Those that are
necessary for action
• What decision needs to be made?
• Why does this decision need to be made?
• When does this decision need to be made?
• Who is making this decision?
• How will this intelligence be used?
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Collection
• Industries
• Companies
• People
• Governments
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Top Search Engines
390
625
500
550
1500 500 330700
Northern Light
Fast
Inktomi
AltaVista
Google 3.3 B
1 B 2 B.5B 1.5 B 2.5 B 3 B
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Collection Plan
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Industry Profile Template
• Industry Status• SIC/NAICS Codes• Environment• Top Companies• Professional
Associations• Trade
Periodicals/Journals
• Unions• Products• Service• Customers• Areas of Growth• New Technologies• Industry Trends
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Company Profile Template
• General Information• Relationships• Competitive
Environment• Personnel• Goals and Strategies
• Financial Information• Products and Services• Market• Technology Issues • Capabilities• Threats
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Public Companies
• SEDAR & EDGAR– 10K Wizard
– EDGAR Online
• Investor Sites– CompanyResearch.com
– Stockhouse.com
– AdviceforInvestors.com
– WSRN.com
• Analyst Sites– Multex
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Private Companies
• Company website– News releases– News stories – Suppliers/distributors
• Watchdogs/gripe sites– Unions– Activists– .Sucks
• Subsidiaries are like private companies
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Small Pond Theory
• To whom is this company important?
• What are local sources of information?– Newspaper– Library– Real Estate Office– Chamber of Commerce– Civic Administration
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Universal Electric Power Co.
• US needs more electricity
• Universal Electric Power in Akron, Ohio has invented new technology
• UEP generating systems produce low-cost electricity
• Thousands of sites exist where the UEP system can provide cheap power
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
People
• Telephone
• Addresses
• Postal codes
• Reverse lookups
• Biography databases
• Genealogy sites
• Alumni
• Career ads
• Use modifiers to find experts– bear expert
– arthritis speaker
– gmo conference
• Beware of stylistic inconsistencies
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Personality Profile Template
• Name/nicknames
• Date & place of birth
• Company/position
• Responsibilities
• Salary
• Education
• Languages
• Medical history
• Business philosophy
• Personality traits
• Foreign travel
• Relationships
• Employment record
• Significant activities
• Qualifications
• Reputation/awards
• Track record
• Your assessment
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Peoplefinding Services– SuperPages
• http://www.superpages.com/
– Anywho• http://www.anywho.com/
– Canada411• http://www.canada411.sympatico.ca/
– Canada-Infobel (Infospace)• http://www.infospace.com/info.infobel/canada.htm
– Looksmart• http://www.looksmart.com/
– WorldPages• http://search.worldpages.com
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
News Services
• Internet News– Headlines Only
– Shallow Archives
• Current News– Expensive
• Archive News– Many libraries offer
free access
– Some pay-per-view
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Finding Government Gold
• United States– FedWorld
– USGovSearch
– FirstGov
– NTIS
– Thomas
– GovResearch Center
– EDGAR
• Canada– Canada Site
– Strategis
– Connecting Canadians
– Contracts Canada
– PARL
– NRC/CISTI
– SEDAR
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Analysis
Analysis is the process of predicting the future by reviewing the past and present, and recommending certain actions based on this review
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Analysis
• Analysis consists of four distinct steps:
1. Examine
2. Assess
3. Interpret
4. Fusion
• Risk-taking• Two views
– Academic research looks at past
– CI analysis looks at future
– Conclusions designed to be acted upon
• “So-what” test
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Analysis
• Not just bean counting– Context, meaning
• Not simply regurgitating info– What are implications
for decision-making
• Not one-dimensional– Insights
– Conclusions
• Identify trends• Identify mysteries• Disciplined thinking• Involves reflection• Looking for big picture• Search for meaning• Identifies complex
relationships• Understand cause and
effect
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Management Profiling
• Determines the impact that decision-makers will have on their company in a given situation
• Uses personality profiles to assess decision-makers based on the subject's background, current behavior and internal influences
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Management Profiling
• Background – how did he or she act in the past? What stands out?
• Internal influences – what is the corporate culture?
• Current behaviour – how does the decision-maker make decisions?
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
SWOT Analysis
1.Strengths – your competitor's strengths are a threat to your company
2.Weaknesses – opportunities for your company
3.Opportunities – threats to your company
4.Threats – opportunities for your company
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
When to Quit
• Patterns appear
• Start to see repetition
• Critical questions answered
• Budget
• Degree of certainty established
• Timeframe (1/3, 2/3 rule)
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Current Awareness Services
• Website Watchers– Mind-it
– TrackEngine
– Profusion Alerts
• Web Clippers– WebClipping
– CyberScan
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Competitive IntelligenceCompetitive IntelligencePMRS - 10 January 2002PMRS - 10 January 2002
Summary
• Direction comes from the top
• Use rigorous collection plan
• Work from templates
• Use the right tool
• Take calculated risks - “This is what I think it means.”