Networking for Competitive Intelligence

13 Jun Networking for Competitive Intelligence

smart city and wireless communication network, abstract image visual, internet of things .

Networking is essential for gathering competitive intelligence from internal sources

Networking:Using Internal Sources

of Competitive Intelligence

(The starting point for smart CI and marketing professionals)

Getting Information from Internal Sources

Many years ago I wrote two articles for Competitive Intelligence magazine, Getting CI from Internal Sources and Location! Location! Location!, which are still valid to this day.

Some of the best sources of competitive intelligence come from internal sources. Salespeople and customer service reps are valuable sources of information since they do come into contact with either customers or competitors on a daily basis.

Keeping in mind the natural biases and agendas of frontline staff, CI professional or marketing executive can still derive valuable intelligence from frontline staff if the data can be sourced, dated, corroborated, and demonstrates a consistent pattern of behaviour on the part of competitors and their interactions with customers.

Frontline staff can be seen as an early warning system of competitor activities that are adverse to your company’s success.

All departments within a company contain competitive intelligence to some degree, intelligence that is often not shared with other departments – most often because other people in the company do not ask to see if it exists.

As with information gathered from frontline staff, information provided by other departments need to be sourced, dated, corroborated, and demonstrates a consistent pattern of behaviour on the part of competitors and their interactions with customers.

Getting Information from Competitors

In previous articles, this writer demonstrated that competitors are indeed an excellent source of intelligence – especially with regard to how they view:

  • your company’s place in the competitive environment,
  • your company’s perceived strengths and vulnerabilities,
  • how they address your perceived weaknesses in their sales presentations, and
  • how customers are reacting to competitor efforts to attack perceived weaknesses.

Their agenda is simple: to take business away from your company.

As CI professional or marketing professional, it is your job to determine whether their perceptions of your company’s vulnerabilities are valid and whether these vulnerabilities are real and detrimental to your company.

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For a free consultation or further information on how our Competitive Intelligence services can be used to give your company the winning edge: http://customerforesight.com/contact/

You can also contact me at: at 416-651-0143 or [email protected]

Enrico Codogno is the Principal Consultant at Customer Foresight Group.

Customer Foresight is a Toronto-based Competitive Intelligence and Market Research firm providing customized research solutions to private sector companies.

www.customerforesight.com

https://www.linkedin.com/in/enricocodogno

 

 

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