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Showing posts from October, 2024

Embracing Rabbit Holes: The Hidden Power of Creativity in Competitive Intelligence

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Creativity in competitive intelligence isn’t about flashy tactics or novel strategies. It’s about making connections that others don’t see. And sometimes, those connections lie at the bottom of a rabbit hole. In competitive analysis, rabbit holes are often dismissed as distractions. They pull analysts away from their main tasks. But the truth is, these rabbit holes are your brain’s way of guiding you toward deeper insights. They aren’t distractions; they’re opportunities for discovery. However, most competitive intelligence efforts get bogged down by collection. It’s the endless gathering of data for data’s sake. Analysts spend so much time gathering info that they rarely ask the right questions. You’ll drown in a sea of facts without good, focused questions. Sure, you have a mountain of data, but without a clear purpose, that data is just noise. Why Rabbit Holes Aren’t Distractions, But Opportunities True insights come when you ask sharper, deeper questions and explore unexpected idea...

Why Retracing your steps in competitive intelligence is important

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This is a crucial mantra in market or competitor analysis. Retracing your steps is a methodical way to find insights. Use it to find out where your strategy failed or why a competitor outmanoeuvred you. Let’s break it down: Where Did You Start? Always begin by revisiting the assumptions you had at the outset. What market conditions did you expect? What competitive moves did you predict? The key is to check if your hypothesis is sound or flawed. What Data Did You Rely On? Did you rely on hard data? Or did you make decisions based on anecdotal evidence or gut feelings? Ask where and why your gut feelings got involved. Retracing your steps allows you to re-examine the quality of the inputs that guided your strategy. Were you using the most up-to-date, accurate intelligence? Or did you miss some subtle but critical market signals? Where Did You Deviate? Look for inflexion points. When did you make a strategic pivot? Was it a reactive decision driven by competitor behaviour, or did it stem ...

How Creativity And Context Drive Strategic Advantage With Competitive Intelligence

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How Creativity And Context Drive Strategic Advantage With Competitive Intelligence: Weekly Winning Strategies Creativity in competitive intelligence isn’t about reinventing the wheel. It’s about making connections that others overlook, and that’s where the real value lies. At its core, competitive intelligence is a strategic process. This week, we ask how creativity and context drives your strategic advantage. It’s gathering data, understanding market forces, and interpreting competitor moves. But the leap from data to actionable insights? That comes from creativity, which is fundamentally about connecting the dots. Let the others, like your competitors, stop collecting data. It’s the same data everyone has. Let them ignore the analysis. Let them come to the same answers as everyone else. Agree with them that the future is all about AI. It may be, but let’s not start assuming and build products with AI just because the others are. Think of it this way Every market operates within uniqu...

Competitive intelligence thinking: The power to make you look up: Weekly Winning Strategies

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Competitive intelligence thinking: The power to make you look up: Weekly Winning Strategies When conducting competitor or market analysis, it’s important to use competitive intelligence thinking. It’s easy to fall into two camps: Inside the work Outside the work However, the real advantage lies in understanding how these two things interplay. Inside the Work Inside the work is all about being deeply embedded in your day-to-day operations. You’re focused on tactical execution. The product launches, pricing strategies, and customer acquisition. You’re analysing competitors on a surface level. That’s benchmarking KPIs and keeping tabs on their marketing campaigns or product changes. Keeping your battlecards up to date. It’s the nuts and bolts of what you’re doing and what they’re doing. This is crucial, but it only tells part of the story. This is where CI software is fabulous and  Klue  is the best at it. Knowing what your competitors are up to early. If you don’t bother looking...