SlideShare a Scribd company logo
Market and Competitive
Intelligence Solution-
Redefining CI/MI Paradigms
The Four Rules
Table of Contents
→ Introduction
→ 4 Rules ‘ABCT’ to face the competitive challenges of 2020s
→ Challenging assumptions (A)
→ Identification of Blind-Spots (B)
→ Cultural intelligence (C)
→ Timeline analysis (T)
→ Conclusions and takeaways
Introduction
— Overview: How technology-driven
competitive advantage is leading
businesses to growth
Introduction
The future belongs to those who see external
threats before they become obvious to others
→ The organizations need to recognize, prioritize, and adapt to the range of real external threats
that now impact competitive advantage.
→ Actively monitoring external threats is not a new concept in the business landscape, rather its use
cases are available around us for ages.
→ In the world of sport, scouts are employed to spot precocious talent as well as monitor their rivals
→ A merchant shipping captain has a team not only to keep an eye on the internal instrumentation and
numbers but also to keep a 24 x 7 eye on the horizon for danger.
→ Risk assessment is deeply engrained in all military leaders.
→ Governments have their “eyes and ears” on the ground in countries around the world.
→ Employees are taught to consider the 3 Ps of people, process, and platform but it would not be
able to work unless leadership teams see an early warning radar as an investment rather than a
cost.
Four Rules ‘ABCT’ to face the
challenges of 2020s
— Challenging assumptions (A)
— Identification of Blind-Spots (B)
— Cultural intelligence (C)
— Timeline analysis (T)
From the 3 P’s, we can add
Four Rules ‘ABCT’ to face the
challenges of 2020s
Challenging assumptions (A)
An internal market analyst should be expected to challenge internal assumptions
that are not robust. The analyst needs to be skeptical by nature.
Identification of Blind-Spots (B)
It is rightly said - “We do not know what we do not know”. An empowered analyst
needs to minimize the frequency and nature of a surprise.
Cultural intelligence (C)
Moving from SWOT to TOWS is the future of competitive intelligence. TOWS, is a
more powerful way of thinking.
Timeline analysis (T)
Following competitor actions and analyzing the timeline of events is where most
organizations fail.
Challenging assumptions (A)
It is imperative for an internal market analyst to
challenge the internal mainstream assumptions
→ The best way for the analyst is to combine both primary and secondary intelligence.
→ The analyst needs to critically analyze each insight according to the market research.
→ The role of a technology-driven market intelligence system is crucial here.
→ The competitive market intelligence platform easily accesses relevant data for giving evidence to
challenge data insight.
→ But to solve this crucial purpose, appropriate budget needs to be allocated by the management
and strategy team to report facts that support quality decision making.
→ The All England Club (who runs the Wimbledon Tennis Championships) invested £1.5m per annum in a
virus-related insurance clause. Wimbledon Tennis now benefit from this clause that is set to be worth
over £100m. In hindsight, the early signals of the pandemic did exist. How easy would it have been for a
manager of the All England Club to cancel their £1.5m insurance premium citing “cost” as an excuse?
Identification of Blind-Spots (B)
It is rightly said - “We do not know what we do not
know”.
→ Nowadays, the leaders in the industry are recognized by their preparedness for the alarming
circumstances.
→ Businesses need to know threat before they are born to stay up in the race of competitive
industries.
→ With the strides of AI /machine learning accompanied with human intelligence, organizations
now leverage technology to gain actionable insights and minimize the chances of surprise in case
of negative impacts to businesses.
→ Organizations pursuing to level up need to invest in their processes and market intelligence to
build efficient early warning systems that captures and shares relevant industry information
throughout their enterprise.
→ Employees should be encouraged to challenge and raise red flags when further investigation is
required.
Cultural intelligence (C)
Moving from SWOT to TOWS is the future of
competitive intelligence
→ Market analyst are taught SWOT but a better model is the one which identifies external risks first.
So, TOWS is more powerful way of thinking.
→ The key is to always be skeptical of the analytics and the data you get hold of.
→ But the challenge of the time-pressured insight teams is to examine their ever-changing
environment to assess the level of change.
→ This produces a gap in understanding of the competitors’ business culture and reporting it to
senior leaders without deference to hierarchy.
→ So, to nullify such prejudices in the system, there is need for Cultural Intelligence to correctly
identify mistakes and deploy win-loss analysis.
Timeline analysis (T)
Following competitor actions and analyzing the
timeline of events is where most organizations fail.
→ Mostly organizations are blind-sided by a direct rival achieving the necessary licenses and/or
reimbursement to go to market quicker than one could possibly imagine.
→ Organizations not equipped with risk management techniques and data are often taken by
surprise when a competitor launches a radical innovation or similar development takes place
which was not foreseen by analyst.
→ Timeline analysis with other strategic measures of decision-making is a necessary step.
→ Such requirements become the cause for leading organizations across industries to connect with
a reputed market and competitive intelligence company and leverage their technology to
minimize or eliminate these risks.
Conclusions and takeaways
→ The buy-in for using market and competitive intelligence
platform is supposed to come from senior management
team who understand the importance of risk management
from market analytics.
→ Competitive analysis results in saving cost from substantial
error of judgement.
→ Many senior strategist present cases where secondary
monitoring capability helps them save and fix from multi-
million-dollar mistakes.
→ Such leaders also consider these 4 rules (ABCT) as criterions
of connecting current intelligence to find new alliances, new
partnerships, innovations, and new opportunities to grow
further.
Competitive Market Intelligence as a
capability optimizes the efficiencies of the
organization and supports better internal
decision making
Key takeaways
ContifyStart a conversation
Thank you
Choose the industry-best Competitive
Intelligence and Market Research
system
marketing@contify.com
Read More
https://bit.ly/3ibInJz

More Related Content

Similar to Market and Competitive Intelligence Solution- Redefining CI/MI Paradigms

Competitive Intelligence Needs-Assessment: Asking the right questions
Competitive Intelligence Needs-Assessment: Asking the right questions Competitive Intelligence Needs-Assessment: Asking the right questions
Competitive Intelligence Needs-Assessment: Asking the right questions
ValueNotes
 
1 p 03-0214-competitive-intelligence-blue-paper
1 p 03-0214-competitive-intelligence-blue-paper1 p 03-0214-competitive-intelligence-blue-paper
1 p 03-0214-competitive-intelligence-blue-paper
4imprint
 
7steps Presentation 2010
7steps Presentation 20107steps Presentation 2010
7steps Presentation 2010
Castcsi
 
Business plan
Business planBusiness plan
Competitive Intelligence Management
Competitive Intelligence ManagementCompetitive Intelligence Management
Competitive Intelligence Management
Hendry Hartono
 
SCIP & PDMA 20090917 Milwaukee - Intelligence 2.0: A Worldview For Anticipati...
SCIP & PDMA 20090917 Milwaukee - Intelligence 2.0: A Worldview For Anticipati...SCIP & PDMA 20090917 Milwaukee - Intelligence 2.0: A Worldview For Anticipati...
SCIP & PDMA 20090917 Milwaukee - Intelligence 2.0: A Worldview For Anticipati...
Arik Johnson
 
SLA Best Practices Ci
SLA Best Practices   CiSLA Best Practices   Ci
SLA Best Practices Ci
Marion Lipshutz
 
Course12 2
Course12 2Course12 2
Course12 2
Dr Lendy Spires
 
Competitive Strategy In Fragmented Industries
Competitive Strategy In Fragmented IndustriesCompetitive Strategy In Fragmented Industries
Competitive Strategy In Fragmented Industries
jlagref
 
How to Align Intelligence Program Performance with Professional and Career De...
How to Align Intelligence Program Performance with Professional and Career De...How to Align Intelligence Program Performance with Professional and Career De...
How to Align Intelligence Program Performance with Professional and Career De...
IntelCollab.com
 
Competitive intelligence
Competitive intelligence Competitive intelligence
Competitive intelligence
NGANG PEREZ
 
Competitive Intelligence
Competitive Intelligence Competitive Intelligence
Competitive Intelligence
NGANG PEREZ
 
Analytics and the future of mid-market enterprise
Analytics and the future of mid-market enterpriseAnalytics and the future of mid-market enterprise
Analytics and the future of mid-market enterprise
Deloitte Canada
 
A project report on competitive intelligence for manthan services bangalore
A project report on competitive intelligence for manthan services bangaloreA project report on competitive intelligence for manthan services bangalore
A project report on competitive intelligence for manthan services bangalore
Babasab Patil
 
Delphi spot nov 2014
Delphi spot nov 2014Delphi spot nov 2014
Delphi spot nov 2014
Maheswaran Mahalingam
 
Competitive Intelligence - An Introduction
Competitive Intelligence - An IntroductionCompetitive Intelligence - An Introduction
Competitive Intelligence - An Introduction
ACRASIO
 
Digital transformation challenges and the marketing audit imperative
Digital transformation challenges and the marketing audit imperativeDigital transformation challenges and the marketing audit imperative
Digital transformation challenges and the marketing audit imperative
Silvia Rak
 
Competitive Intelligence Analysis Tools For Economic Developmemt
Competitive Intelligence Analysis Tools For Economic DevelopmemtCompetitive Intelligence Analysis Tools For Economic Developmemt
Competitive Intelligence Analysis Tools For Economic Developmemt
Intelegia Group
 
2019 FinTech Staffing Trends Report
2019 FinTech Staffing Trends Report2019 FinTech Staffing Trends Report
2019 FinTech Staffing Trends Report
EvgeniGeorgiev6
 
Know your enemy
Know your enemyKnow your enemy
Know your enemy
octopus intelligence
 

Similar to Market and Competitive Intelligence Solution- Redefining CI/MI Paradigms (20)

Competitive Intelligence Needs-Assessment: Asking the right questions
Competitive Intelligence Needs-Assessment: Asking the right questions Competitive Intelligence Needs-Assessment: Asking the right questions
Competitive Intelligence Needs-Assessment: Asking the right questions
 
1 p 03-0214-competitive-intelligence-blue-paper
1 p 03-0214-competitive-intelligence-blue-paper1 p 03-0214-competitive-intelligence-blue-paper
1 p 03-0214-competitive-intelligence-blue-paper
 
7steps Presentation 2010
7steps Presentation 20107steps Presentation 2010
7steps Presentation 2010
 
Business plan
Business planBusiness plan
Business plan
 
Competitive Intelligence Management
Competitive Intelligence ManagementCompetitive Intelligence Management
Competitive Intelligence Management
 
SCIP & PDMA 20090917 Milwaukee - Intelligence 2.0: A Worldview For Anticipati...
SCIP & PDMA 20090917 Milwaukee - Intelligence 2.0: A Worldview For Anticipati...SCIP & PDMA 20090917 Milwaukee - Intelligence 2.0: A Worldview For Anticipati...
SCIP & PDMA 20090917 Milwaukee - Intelligence 2.0: A Worldview For Anticipati...
 
SLA Best Practices Ci
SLA Best Practices   CiSLA Best Practices   Ci
SLA Best Practices Ci
 
Course12 2
Course12 2Course12 2
Course12 2
 
Competitive Strategy In Fragmented Industries
Competitive Strategy In Fragmented IndustriesCompetitive Strategy In Fragmented Industries
Competitive Strategy In Fragmented Industries
 
How to Align Intelligence Program Performance with Professional and Career De...
How to Align Intelligence Program Performance with Professional and Career De...How to Align Intelligence Program Performance with Professional and Career De...
How to Align Intelligence Program Performance with Professional and Career De...
 
Competitive intelligence
Competitive intelligence Competitive intelligence
Competitive intelligence
 
Competitive Intelligence
Competitive Intelligence Competitive Intelligence
Competitive Intelligence
 
Analytics and the future of mid-market enterprise
Analytics and the future of mid-market enterpriseAnalytics and the future of mid-market enterprise
Analytics and the future of mid-market enterprise
 
A project report on competitive intelligence for manthan services bangalore
A project report on competitive intelligence for manthan services bangaloreA project report on competitive intelligence for manthan services bangalore
A project report on competitive intelligence for manthan services bangalore
 
Delphi spot nov 2014
Delphi spot nov 2014Delphi spot nov 2014
Delphi spot nov 2014
 
Competitive Intelligence - An Introduction
Competitive Intelligence - An IntroductionCompetitive Intelligence - An Introduction
Competitive Intelligence - An Introduction
 
Digital transformation challenges and the marketing audit imperative
Digital transformation challenges and the marketing audit imperativeDigital transformation challenges and the marketing audit imperative
Digital transformation challenges and the marketing audit imperative
 
Competitive Intelligence Analysis Tools For Economic Developmemt
Competitive Intelligence Analysis Tools For Economic DevelopmemtCompetitive Intelligence Analysis Tools For Economic Developmemt
Competitive Intelligence Analysis Tools For Economic Developmemt
 
2019 FinTech Staffing Trends Report
2019 FinTech Staffing Trends Report2019 FinTech Staffing Trends Report
2019 FinTech Staffing Trends Report
 
Know your enemy
Know your enemyKnow your enemy
Know your enemy
 

Recently uploaded

OpenMetadata Community Meeting - 5th June 2024
OpenMetadata Community Meeting - 5th June 2024OpenMetadata Community Meeting - 5th June 2024
OpenMetadata Community Meeting - 5th June 2024
OpenMetadata
 
Neo4j - Product Vision and Knowledge Graphs - GraphSummit Paris
Neo4j - Product Vision and Knowledge Graphs - GraphSummit ParisNeo4j - Product Vision and Knowledge Graphs - GraphSummit Paris
Neo4j - Product Vision and Knowledge Graphs - GraphSummit Paris
Neo4j
 
GraphSummit Paris - The art of the possible with Graph Technology
GraphSummit Paris - The art of the possible with Graph TechnologyGraphSummit Paris - The art of the possible with Graph Technology
GraphSummit Paris - The art of the possible with Graph Technology
Neo4j
 
Vitthal Shirke Java Microservices Resume.pdf
Vitthal Shirke Java Microservices Resume.pdfVitthal Shirke Java Microservices Resume.pdf
Vitthal Shirke Java Microservices Resume.pdf
Vitthal Shirke
 
What is Augmented Reality Image Tracking
What is Augmented Reality Image TrackingWhat is Augmented Reality Image Tracking
What is Augmented Reality Image Tracking
pavan998932
 
UI5con 2024 - Boost Your Development Experience with UI5 Tooling Extensions
UI5con 2024 - Boost Your Development Experience with UI5 Tooling ExtensionsUI5con 2024 - Boost Your Development Experience with UI5 Tooling Extensions
UI5con 2024 - Boost Your Development Experience with UI5 Tooling Extensions
Peter Muessig
 
Empowering Growth with Best Software Development Company in Noida - Deuglo
Empowering Growth with Best Software  Development Company in Noida - DeugloEmpowering Growth with Best Software  Development Company in Noida - Deuglo
Empowering Growth with Best Software Development Company in Noida - Deuglo
Deuglo Infosystem Pvt Ltd
 
APIs for Browser Automation (MoT Meetup 2024)
APIs for Browser Automation (MoT Meetup 2024)APIs for Browser Automation (MoT Meetup 2024)
APIs for Browser Automation (MoT Meetup 2024)
Boni García
 
Introducing Crescat - Event Management Software for Venues, Festivals and Eve...
Introducing Crescat - Event Management Software for Venues, Festivals and Eve...Introducing Crescat - Event Management Software for Venues, Festivals and Eve...
Introducing Crescat - Event Management Software for Venues, Festivals and Eve...
Crescat
 
openEuler Case Study - The Journey to Supply Chain Security
openEuler Case Study - The Journey to Supply Chain SecurityopenEuler Case Study - The Journey to Supply Chain Security
openEuler Case Study - The Journey to Supply Chain Security
Shane Coughlan
 
Energy consumption of Database Management - Florina Jonuzi
Energy consumption of Database Management - Florina JonuziEnergy consumption of Database Management - Florina Jonuzi
Energy consumption of Database Management - Florina Jonuzi
Green Software Development
 
May Marketo Masterclass, London MUG May 22 2024.pdf
May Marketo Masterclass, London MUG May 22 2024.pdfMay Marketo Masterclass, London MUG May 22 2024.pdf
May Marketo Masterclass, London MUG May 22 2024.pdf
Adele Miller
 
socradar-q1-2024-aviation-industry-report.pdf
socradar-q1-2024-aviation-industry-report.pdfsocradar-q1-2024-aviation-industry-report.pdf
socradar-q1-2024-aviation-industry-report.pdf
SOCRadar
 
KuberTENes Birthday Bash Guadalajara - Introducción a Argo CD
KuberTENes Birthday Bash Guadalajara - Introducción a Argo CDKuberTENes Birthday Bash Guadalajara - Introducción a Argo CD
KuberTENes Birthday Bash Guadalajara - Introducción a Argo CD
rodomar2
 
2024 eCommerceDays Toulouse - Sylius 2.0.pdf
2024 eCommerceDays Toulouse - Sylius 2.0.pdf2024 eCommerceDays Toulouse - Sylius 2.0.pdf
2024 eCommerceDays Toulouse - Sylius 2.0.pdf
Łukasz Chruściel
 
Artificia Intellicence and XPath Extension Functions
Artificia Intellicence and XPath Extension FunctionsArtificia Intellicence and XPath Extension Functions
Artificia Intellicence and XPath Extension Functions
Octavian Nadolu
 
Top Features to Include in Your Winzo Clone App for Business Growth (4).pptx
Top Features to Include in Your Winzo Clone App for Business Growth (4).pptxTop Features to Include in Your Winzo Clone App for Business Growth (4).pptx
Top Features to Include in Your Winzo Clone App for Business Growth (4).pptx
rickgrimesss22
 
原版定制美国纽约州立大学奥尔巴尼分校毕业证学位证书原版一模一样
原版定制美国纽约州立大学奥尔巴尼分校毕业证学位证书原版一模一样原版定制美国纽约州立大学奥尔巴尼分校毕业证学位证书原版一模一样
原版定制美国纽约州立大学奥尔巴尼分校毕业证学位证书原版一模一样
mz5nrf0n
 
Atelier - Innover avec l’IA Générative et les graphes de connaissances
Atelier - Innover avec l’IA Générative et les graphes de connaissancesAtelier - Innover avec l’IA Générative et les graphes de connaissances
Atelier - Innover avec l’IA Générative et les graphes de connaissances
Neo4j
 
SWEBOK and Education at FUSE Okinawa 2024
SWEBOK and Education at FUSE Okinawa 2024SWEBOK and Education at FUSE Okinawa 2024
SWEBOK and Education at FUSE Okinawa 2024
Hironori Washizaki
 

Recently uploaded (20)

OpenMetadata Community Meeting - 5th June 2024
OpenMetadata Community Meeting - 5th June 2024OpenMetadata Community Meeting - 5th June 2024
OpenMetadata Community Meeting - 5th June 2024
 
Neo4j - Product Vision and Knowledge Graphs - GraphSummit Paris
Neo4j - Product Vision and Knowledge Graphs - GraphSummit ParisNeo4j - Product Vision and Knowledge Graphs - GraphSummit Paris
Neo4j - Product Vision and Knowledge Graphs - GraphSummit Paris
 
GraphSummit Paris - The art of the possible with Graph Technology
GraphSummit Paris - The art of the possible with Graph TechnologyGraphSummit Paris - The art of the possible with Graph Technology
GraphSummit Paris - The art of the possible with Graph Technology
 
Vitthal Shirke Java Microservices Resume.pdf
Vitthal Shirke Java Microservices Resume.pdfVitthal Shirke Java Microservices Resume.pdf
Vitthal Shirke Java Microservices Resume.pdf
 
What is Augmented Reality Image Tracking
What is Augmented Reality Image TrackingWhat is Augmented Reality Image Tracking
What is Augmented Reality Image Tracking
 
UI5con 2024 - Boost Your Development Experience with UI5 Tooling Extensions
UI5con 2024 - Boost Your Development Experience with UI5 Tooling ExtensionsUI5con 2024 - Boost Your Development Experience with UI5 Tooling Extensions
UI5con 2024 - Boost Your Development Experience with UI5 Tooling Extensions
 
Empowering Growth with Best Software Development Company in Noida - Deuglo
Empowering Growth with Best Software  Development Company in Noida - DeugloEmpowering Growth with Best Software  Development Company in Noida - Deuglo
Empowering Growth with Best Software Development Company in Noida - Deuglo
 
APIs for Browser Automation (MoT Meetup 2024)
APIs for Browser Automation (MoT Meetup 2024)APIs for Browser Automation (MoT Meetup 2024)
APIs for Browser Automation (MoT Meetup 2024)
 
Introducing Crescat - Event Management Software for Venues, Festivals and Eve...
Introducing Crescat - Event Management Software for Venues, Festivals and Eve...Introducing Crescat - Event Management Software for Venues, Festivals and Eve...
Introducing Crescat - Event Management Software for Venues, Festivals and Eve...
 
openEuler Case Study - The Journey to Supply Chain Security
openEuler Case Study - The Journey to Supply Chain SecurityopenEuler Case Study - The Journey to Supply Chain Security
openEuler Case Study - The Journey to Supply Chain Security
 
Energy consumption of Database Management - Florina Jonuzi
Energy consumption of Database Management - Florina JonuziEnergy consumption of Database Management - Florina Jonuzi
Energy consumption of Database Management - Florina Jonuzi
 
May Marketo Masterclass, London MUG May 22 2024.pdf
May Marketo Masterclass, London MUG May 22 2024.pdfMay Marketo Masterclass, London MUG May 22 2024.pdf
May Marketo Masterclass, London MUG May 22 2024.pdf
 
socradar-q1-2024-aviation-industry-report.pdf
socradar-q1-2024-aviation-industry-report.pdfsocradar-q1-2024-aviation-industry-report.pdf
socradar-q1-2024-aviation-industry-report.pdf
 
KuberTENes Birthday Bash Guadalajara - Introducción a Argo CD
KuberTENes Birthday Bash Guadalajara - Introducción a Argo CDKuberTENes Birthday Bash Guadalajara - Introducción a Argo CD
KuberTENes Birthday Bash Guadalajara - Introducción a Argo CD
 
2024 eCommerceDays Toulouse - Sylius 2.0.pdf
2024 eCommerceDays Toulouse - Sylius 2.0.pdf2024 eCommerceDays Toulouse - Sylius 2.0.pdf
2024 eCommerceDays Toulouse - Sylius 2.0.pdf
 
Artificia Intellicence and XPath Extension Functions
Artificia Intellicence and XPath Extension FunctionsArtificia Intellicence and XPath Extension Functions
Artificia Intellicence and XPath Extension Functions
 
Top Features to Include in Your Winzo Clone App for Business Growth (4).pptx
Top Features to Include in Your Winzo Clone App for Business Growth (4).pptxTop Features to Include in Your Winzo Clone App for Business Growth (4).pptx
Top Features to Include in Your Winzo Clone App for Business Growth (4).pptx
 
原版定制美国纽约州立大学奥尔巴尼分校毕业证学位证书原版一模一样
原版定制美国纽约州立大学奥尔巴尼分校毕业证学位证书原版一模一样原版定制美国纽约州立大学奥尔巴尼分校毕业证学位证书原版一模一样
原版定制美国纽约州立大学奥尔巴尼分校毕业证学位证书原版一模一样
 
Atelier - Innover avec l’IA Générative et les graphes de connaissances
Atelier - Innover avec l’IA Générative et les graphes de connaissancesAtelier - Innover avec l’IA Générative et les graphes de connaissances
Atelier - Innover avec l’IA Générative et les graphes de connaissances
 
SWEBOK and Education at FUSE Okinawa 2024
SWEBOK and Education at FUSE Okinawa 2024SWEBOK and Education at FUSE Okinawa 2024
SWEBOK and Education at FUSE Okinawa 2024
 

Market and Competitive Intelligence Solution- Redefining CI/MI Paradigms

  • 1. Market and Competitive Intelligence Solution- Redefining CI/MI Paradigms The Four Rules
  • 2. Table of Contents → Introduction → 4 Rules ‘ABCT’ to face the competitive challenges of 2020s → Challenging assumptions (A) → Identification of Blind-Spots (B) → Cultural intelligence (C) → Timeline analysis (T) → Conclusions and takeaways
  • 3. Introduction — Overview: How technology-driven competitive advantage is leading businesses to growth
  • 4. Introduction The future belongs to those who see external threats before they become obvious to others → The organizations need to recognize, prioritize, and adapt to the range of real external threats that now impact competitive advantage. → Actively monitoring external threats is not a new concept in the business landscape, rather its use cases are available around us for ages. → In the world of sport, scouts are employed to spot precocious talent as well as monitor their rivals → A merchant shipping captain has a team not only to keep an eye on the internal instrumentation and numbers but also to keep a 24 x 7 eye on the horizon for danger. → Risk assessment is deeply engrained in all military leaders. → Governments have their “eyes and ears” on the ground in countries around the world. → Employees are taught to consider the 3 Ps of people, process, and platform but it would not be able to work unless leadership teams see an early warning radar as an investment rather than a cost.
  • 5. Four Rules ‘ABCT’ to face the challenges of 2020s — Challenging assumptions (A) — Identification of Blind-Spots (B) — Cultural intelligence (C) — Timeline analysis (T)
  • 6. From the 3 P’s, we can add Four Rules ‘ABCT’ to face the challenges of 2020s Challenging assumptions (A) An internal market analyst should be expected to challenge internal assumptions that are not robust. The analyst needs to be skeptical by nature. Identification of Blind-Spots (B) It is rightly said - “We do not know what we do not know”. An empowered analyst needs to minimize the frequency and nature of a surprise. Cultural intelligence (C) Moving from SWOT to TOWS is the future of competitive intelligence. TOWS, is a more powerful way of thinking. Timeline analysis (T) Following competitor actions and analyzing the timeline of events is where most organizations fail.
  • 7. Challenging assumptions (A) It is imperative for an internal market analyst to challenge the internal mainstream assumptions → The best way for the analyst is to combine both primary and secondary intelligence. → The analyst needs to critically analyze each insight according to the market research. → The role of a technology-driven market intelligence system is crucial here. → The competitive market intelligence platform easily accesses relevant data for giving evidence to challenge data insight. → But to solve this crucial purpose, appropriate budget needs to be allocated by the management and strategy team to report facts that support quality decision making. → The All England Club (who runs the Wimbledon Tennis Championships) invested £1.5m per annum in a virus-related insurance clause. Wimbledon Tennis now benefit from this clause that is set to be worth over £100m. In hindsight, the early signals of the pandemic did exist. How easy would it have been for a manager of the All England Club to cancel their £1.5m insurance premium citing “cost” as an excuse?
  • 8. Identification of Blind-Spots (B) It is rightly said - “We do not know what we do not know”. → Nowadays, the leaders in the industry are recognized by their preparedness for the alarming circumstances. → Businesses need to know threat before they are born to stay up in the race of competitive industries. → With the strides of AI /machine learning accompanied with human intelligence, organizations now leverage technology to gain actionable insights and minimize the chances of surprise in case of negative impacts to businesses. → Organizations pursuing to level up need to invest in their processes and market intelligence to build efficient early warning systems that captures and shares relevant industry information throughout their enterprise. → Employees should be encouraged to challenge and raise red flags when further investigation is required.
  • 9. Cultural intelligence (C) Moving from SWOT to TOWS is the future of competitive intelligence → Market analyst are taught SWOT but a better model is the one which identifies external risks first. So, TOWS is more powerful way of thinking. → The key is to always be skeptical of the analytics and the data you get hold of. → But the challenge of the time-pressured insight teams is to examine their ever-changing environment to assess the level of change. → This produces a gap in understanding of the competitors’ business culture and reporting it to senior leaders without deference to hierarchy. → So, to nullify such prejudices in the system, there is need for Cultural Intelligence to correctly identify mistakes and deploy win-loss analysis.
  • 10. Timeline analysis (T) Following competitor actions and analyzing the timeline of events is where most organizations fail. → Mostly organizations are blind-sided by a direct rival achieving the necessary licenses and/or reimbursement to go to market quicker than one could possibly imagine. → Organizations not equipped with risk management techniques and data are often taken by surprise when a competitor launches a radical innovation or similar development takes place which was not foreseen by analyst. → Timeline analysis with other strategic measures of decision-making is a necessary step. → Such requirements become the cause for leading organizations across industries to connect with a reputed market and competitive intelligence company and leverage their technology to minimize or eliminate these risks.
  • 12. → The buy-in for using market and competitive intelligence platform is supposed to come from senior management team who understand the importance of risk management from market analytics. → Competitive analysis results in saving cost from substantial error of judgement. → Many senior strategist present cases where secondary monitoring capability helps them save and fix from multi- million-dollar mistakes. → Such leaders also consider these 4 rules (ABCT) as criterions of connecting current intelligence to find new alliances, new partnerships, innovations, and new opportunities to grow further. Competitive Market Intelligence as a capability optimizes the efficiencies of the organization and supports better internal decision making Key takeaways
  • 13. ContifyStart a conversation Thank you Choose the industry-best Competitive Intelligence and Market Research system marketing@contify.com Read More https://bit.ly/3ibInJz