Competitive Intelligence: Managing the Competitive Landscape to Leapfrog Competitors.Business Editors/High-Tech Writers CHAPEL HILL, N.C.--(BUSINESS WIRE)--May 26, 2004 Global leaders are rediscovering the importance of strong competitive intelligence (CI) capabilities as a powerful tool for competing in today's economic environment, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a study by research firm Best Practices, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . The 2002 study highlights how the world's most respected CI organizations collect and act upon competitor data to manage the competitive landscape. "Managing the Competition: Turning Competitive Intelligence into Strategy" now available at http://www3.best-in-class See best-of-class. .com/rr393.htm , reveals the techniques CI leaders use to collect, analyze an·a·lyze v. 1. To examine methodically by separating into parts and studying their interrelations. 2. To separate a chemical substance into its constituent elements to determine their nature or proportions. 3. and act upon competitive information. Examples of the study's best practices include: -- One company regularly monitors the manufacturing sites of its top competitors. By gathering and analyzing public permit records, the company was able to determine a competitor's plan to expand manufacturing. In anticipation of the competitor's production boost, the benchmarked company worked to lock current customers into longer-term contracts and effectively defended their current market share. -- Another company interviews internal employees who formerly worked in competitors' organizations to assess with which products they have experience. These employee interviews increase the knowledge depth of competitors' products. The team follows the CI code of conduct and asks only questions approved by the legal department. "Managing the Competition: Turning Competitive Intelligence into Strategy" is the result of exclusive interviews with 27 competitive intelligence and marketing executives at 17 global companies. In addition to information gathering techniques, the study also details: -- CI structures, including roles, responsibilities and reporting relationships -- Performance measurement systems -- Information communication and management methods -- Benchmark partner case studies -- Comparison matrix of companies' CI operations "During difficult economic times, excellent competitive intelligence can be the differentiating factor in the marketplace," explains Best Practices, LLC Vice President Chris James
Download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. an online summary of "Managing the Competition: Turning Competitive Intelligence into Strategy" at http://www3.best-in-class.com/rr393.htm. For more information about this report or other benchmarking
Benchmarking (also "best practice benchmarking" or "process benchmarking") is a process used in management and particularly strategic reports, contact Mike Rogers Mike Rogers may refer to:
ABOUT BEST PRACTICES, LLC Best Practices, LLC conducts work based on the principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class world-class adj. 1. Ranking among the foremost in the world; of an international standard of excellence; of the highest order: a world-class figure skater. 2. organizations. For more information, call 919-403-0251 or visit http://www.best-in-class.com. |
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