Octopus Competitive Intelligence

Common competitive intelligence mistakes: Poor Strategy Bad business strategy exhibits several common characteristics that can hinder a company’s growth and success. Here are some signs of a poor strategy: Lack of clear or undefined direction usually leads to confusion & poor decision-making. Ignoring market analysis encourages making important decisions based on assumptions & past experiences. Neglecting competitor analysis leads to missed opportunities & threats. Too much focus & debate on short-term gains & personal agendas. Lack of alignment & communication leads to disjointed efforts & conflicting priorities getting in the way. Being rigid & unwilling to adjust the strategy in response to market shifts or unforeseen events hinders competitiveness. Creating a brilliant strategy is only half the battle. Without a solid implementation plan, strategies usually remain on PowerPoints. Lack of feedback from customers, employees, & other stakeholders ...

  How To See Better With Strategic Intelligence And Over-The-Horizon Insights Businesses must recognise the need for strategic intelligence beyond simply analysing present events. There has to be an emphasis on over-the-horizon insights as organisations strive to gain a competitive edge. So they can anticipate emerging risks and seize untapped opportunities. This approach involves peering into the future. Harnessing innovative technologies and exploring trends beyond our immediate horizons. By embracing this forward-thinking mindset, you can navigate uncertainty with greater agility. Make informed decisions based on a deeper understanding of our world’s complex dynamics. This article introduces the importance of over-the-horizon insights in your ever-changing landscape. This article is a toe-in-the-water into the subject of strategic intelligence. In September 2023, we will publish our strategic intelligence whitepaper report. So get in touch if you would like to receive an early c...