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Rescooped by Babette Bensoussan from Strategy and Competitive Intelligence by Bonnie Hohhof
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How to Make Better Decisions with Less Data

A four-step approach. Yet despite all of the data available, people often struggle to convert it into effective solutions to problems. Instead, they fall prey to what Jim March and his coauthors describe as “garbage can” decision making: a process whereby actors, problems, and possible solutions swirl about in a metaphorical garbage can and people end up agreeing on whatever solution rises to the top. The problem isn’t lack of data inside the garbage can; the vast amount of data means managers struggle to prioritize what’s important. In the end, they end up applying arbitrary data toward new problems, reaching a subpar solution.


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How to make better strategic decisions | London Business School

How to make better strategic decisions | London Business School | Analysis and Insights | Scoop.it

Why do so many companies still struggle when making strategic decisions? An organisation’s strategy is about making difficult choices, but why do so many companies get it wrong? Costas Markides, Professor of Strategy and Entrepreneurship at London Business School (LBS), talks about two fundamental truths of strategy


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The Power of Competitive Intelligence in Marketing

The Power of Competitive Intelligence in Marketing | Analysis and Insights | Scoop.it
Competitive intelligence is less about competition and more about the customer - https://t.co/ygNI5ExFaY… https://t.co/Q719EMeHfD
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Harness Your Inner Sherlock Holmes to Gain a Competitive Intelligence Advantage

Harness Your Inner Sherlock Holmes to Gain a Competitive Intelligence Advantage | Analysis and Insights | Scoop.it
Attention, all business professionals who double as fans of a good detective story: Any lead detective worth his or her salt first attacks the case by compiling an exhaustive amount of evidence from…...
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Competitive Intelligence: The Missed Opportunity for Business

Competitive Intelligence: The Missed Opportunity for Business | Analysis and Insights | Scoop.it
Only about a half of companies actually use the competitive intelligence they collect, a new survey reveals.
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The importance of CI indicators and how to choose them

The importance of CI indicators and how to choose them | Analysis and Insights | Scoop.it

When facing the implementation of a Competitive Intelligence unit, Key Intelligence Topics, information sources, surveillance networks, etc. are always taken into account, but it is usual to forget about indicators. CI, like any other business, requires monitoring and control to determine the efficiency of the process, incurred costs, benefits, and the achievement of goals. In this article we highlight the crucial role of indicators in the implementation and consolidation of CI units and propose some guidelines for proper choice.


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This Simple Leadership Behavior Also Increases Resilience

This Simple Leadership Behavior Also Increases Resilience | Analysis and Insights | Scoop.it
Are you doing this simple behavior that grows your leadership and your resilience? Learn more in this final next-level leadership article.
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The 12 Best Competitive Intelligence and Benchmarking Tools

The 12 Best Competitive Intelligence and Benchmarking Tools | Analysis and Insights | Scoop.it
When evaluating the results of marketing and PR efforts, it’s vital to consider two perspectives: what is the trend of results (e.g., increasing social engagement, website traffic over time, etc.)…...
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3 objectives of competitive analysis and how it helps in strategy | Strategy and Competitive Intelligence by Bonnie Hohhof

3 objectives of competitive analysis and how it helps in strategy | Strategy and Competitive Intelligence by Bonnie Hohhof | Analysis and Insights | Scoop.it
As your business grows, competitive analysis becomes more and more important. Most companies conduct competitive analysis at product levels, Strategic business unit level or even at company level.
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Competitive Intelligence Gathering Through Win/Loss

Competitive Intelligence Gathering Through Win/Loss | Analysis and Insights | Scoop.it
RT @pragmaticmkting: Why is win/loss a great tool for gathering competitive intelligence? https://t.co/hmvJ4FOV66 @nutinsky #prodmgmt #prod…
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20 Best Practices For Your CI Project

20 Best Practices For Your CI Project | Analysis and Insights | Scoop.it
20 Best Practices for Your Competitive Intelligence Projects! #smm #social #influencer https://t.co/8fTEvplDc6 https://t.co/uM2ZgQhgbl
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Pharma's increased need for competitive intelligence

Pharma's increased need for competitive intelligence | Analysis and Insights | Scoop.it

Competitive intelligence can offer huge benefits to pharma companies, especially in personalized medicine where market trends are continually shifting. In a world where available data grows by the second, Steve Vitale of Diaceutics AIS examines how it can be used to optimise expertise and understanding in order to gain an edge. (requires registration)


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workbank247.com's curator insight, August 30, 1:39 AM
ACC 556 Week 9 Assignment Budget Planning and Control Click below link for Answer http://workbank247.com/q/acc556-week-9-assignment-budget-planning-and-contr/36142 Babycakes, a specialty bakery, is the company that will be considered for all parts of your budget planning and control report. For this assignment, you will develop a three to four (3 – 4) page paper in which you address the following. 1. Briefly discuss the ways a realistic budget will benefit the owner of Babycakes versus having no budget at all. Be sure to use Babycakes as the company and any specific product details in your explanation. 2. Prepare a sales budget for the LA Babycakes store for the 4th quarter of 2016. Present the number of units, sales price, and total sales for each month; include October, November, and December, and a total for the quarter. Use one-half of the Valentine’s Day sales as the basis for a usual day in the new quarter. Use 30 days for each month. Calculate the total sales for each month for October, November, and December. 3. Create three (3) new products, one (1) for each of the three (3) holiday seasons in the 4th quarter. Estimate the sales units, sales price, and total sales for each month. Describe the assumptions used to make these estimates. Include an overview of the budget in the report, presenting the actual budget as an appendix with all data and calculations. Add these amounts to your sales budget. 4. The owner of Babycakes is interested in preparing a flexible budget rather than the static budget she currently uses. She does not understand why, when sales increase, her static budget often shows an unfavorable variance. Explain how a flexible budget will overcome this problem. Use the details of your newly prepared budget for the 4th quarter of 2016 to address her concern. 5. Imagine that Babycakes is facing a financial challenge that is causing the actual amount of money that it spends to become significantly more than its budgeted amount. Include a discussion of your own unique cause of the overspending. Explain the corrective actions needed to address these challenges. 6. Integrate relevant information from at least three (3) quality academic resources in this assignment. Note: Please do not use your textbook as an academic resource. Also, Wikipedia and other Websites that are unreliable do not qualify as academic resources. Your assignment must follow these formatting requirements. ACC556 Week 9 Assignment Budget Planning and Control Click below link for Answer http://workbank247.com/q/acc556-week-9-assignment-budget-planning-and-contr/36142
Rescooped by Babette Bensoussan from Strategy and Competitive Intelligence by Bonnie Hohhof
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How to Deal with a Boss Who Behaves Unpredictably

Look for triggers and patterns. When a boss known for frequent outbursts starts yelling at you, the most constructive thing you can do, says Rothbard, is not take it personally. “These mood swings are usually linked to a larger issue,” she says. “It’s not that you annoys the person. Usually it’s that you have said something that has triggered a larger issue for them.” 


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How do I Know What I do Not Know?

How do I Know What I do Not Know? | Analysis and Insights | Scoop.it
“Knowing everything” is impossible however creating an infrastructure of information/data which heightens your awareness of issues that are applicable to your situation can be improved. Here are six ways to improve your chances of asking the right questions.
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The Real Goal of Competitive Intelligence (99% of People Get This Wrong!) |

The Real Goal of Competitive Intelligence (99% of People Get This Wrong!) | | Analysis and Insights | Scoop.it
There’s a super common misconception when it comes to competitive intelligence. We're not really sure that 99% of people actually get this wrong, but we can
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Competitive Intelligence: Does it Have a Place in Your Business?

Competitive Intelligence: Does it Have a Place in Your Business? | Analysis and Insights | Scoop.it
Companies are constantly challenged by budget cuts and streamlining—with executive management scrutinizing each expenditure.
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Competitive intelligence companies - a definitive list

Competitive intelligence companies - a definitive list | Analysis and Insights | Scoop.it

a list of competitive intelligence companies. Our criteria was that competitive intelligence had to be their primary, or at least significant, focus. Other agencies graze the edges of competitive intelligence, but it's not their main service. All the companies we listed carry out primary or secondary research for their clients (usually both), and they all have competitive intelligence-focused websites.


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Managers Are Not Always the Best Judge of Creative Ideas

Managers Are Not Always the Best Judge of Creative Ideas | Analysis and Insights | Scoop.it
A professor turns to circus acts to determine how to predict the success of ideas.
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These are the world’s most competitive economies | Strategy and Competitive Intelligence by Bonnie Hohhof

These are the world’s most competitive economies | Strategy and Competitive Intelligence by Bonnie Hohhof | Analysis and Insights | Scoop.it
These are the world’s most competitive economies, according to the World Economic Forum’s latest Global Competitiveness Report. Switzerland tops the ranking for the eighth consecutive year.
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Scenario planning can help you prepare for changes in the future competitive environment | Strategy and Competitive Intelligence by Bonnie Hohhof

Scenario planning can help you prepare for changes in the future competitive environment | Strategy and Competitive Intelligence by Bonnie Hohhof | Analysis and Insights | Scoop.it
Scenario planning is a forecasting tool that helps managers and organizations better understand the trends driving the future competitive environment.
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Flat World Navigation: Download Your First Sample Chapter Now

Kim Chandler McDonald, author of Innovation, sets out how organizations can efficiently and effectively leverage and profit from social channels through the use
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Your Prejudices and Their Prejudices - competitive intelligence | Strategy and Competitive Intelligence by Bonnie Hohhof

Your Prejudices and Their Prejudices - competitive intelligence | Strategy and Competitive Intelligence by Bonnie Hohhof | Analysis and Insights | Scoop.it
September 8, 2018 I am reading an excellent book[1] about intelligence assessment which highlights one of the major problems that all intelligence, including CI, has.
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The Lost Art of Thinking in Large Organizations

The Lost Art of Thinking in Large Organizations | Analysis and Insights | Scoop.it

once executives are promoted to a senior level, these new business leaders must be able to think strategically. Ironically, the very skills in execution that led to their promotions often make these executives ill-equipped for their new roles, since their strategy thinking muscles have withered from disuse. The goal of strategic thinking is to find strategic insights. Strategy is all about choices — about which markets to compete in and which markets to avoid. Strategic insights describe the boundaries separating attractive markets from unattractive markets.


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