Though the term business intelligence is sometimes a synionym for competitive intelligence, BI uses technology, processes, and applications to analyze mostly internal, structured data and business processes while competitive intelligence gathers, analyzes, and disseminates information with a topical focus on a company's competitors. If understook broadly, business intelligence can include the subset competitive intelligence.
PEST or PESTEL analysis is a simple and effective tool used in situation analysis to identify the key external (the macro environment level) forces that might affect an organization. These forces can create both opportunities and threats for an organization.
STRATEGIC MANAGEMENT OF ORGANIZATIONAL INNOVATION COUNTS. By Christine Gibbs Springer. Nurturing continuous innovation and renewal in public agencies is not only important but critical in today's environment of change.
Corporate intelligence Fresh Business Thinking Corporate intelligence experts at KPMG - who conduct background searches on behalf of clients before they enter into business relationships with companies or individuals - have launched the first study...
As I wrote in Associations Unorthodox, the era of strategic planning is over. For decades, the practice of strategy has been about the application of static planning frameworks to the task of solving mostly understandable business problems. Today’s strategic landscape for associations could not be more different. As social, mobile and related technologies continue to drive deep and accelerating societal transformation, associations will continue to confront increasingly complex strategic challenges that will require fresh mindsets and more dynamic approaches to address. Consider just three ways that technology is irrevocably shifting the nature of strategy, and thus how association leaders need to think about the work of strategy-making in the years ahead.
Business intelligence is a relatively new field of inquiry that is interested in how we gather, analyze, interpret, and share information in a business setting. Even though all businesses are engaged in data collection, analysis, and sharing an applied study of how these processes take place is now possible as a result of cutting-edge computer technology.
to receive our newsletter and learn more about Competitive Intelligence and Competitive Strategy. Open. X. Cascade Insights ... The “Competitive Intelligence” Podcast – Episode 41 – Thinking beyond the Fiscal Year – PEST Analysis ...
A new study by the Economist Intelligence Unit finds a relationship between the growth of corporate earnings and companies’ use of data in strategic planning and decision-making. A survey of 318 C-level executives finds that while all companies are collecting more data than ever before, those from companies where average EBITDA growth over the past three financial years has exceeded 10% are more likely than their less rapidly growing peers to analyse various data sources they collect and to consider themselves effective at extracting useful insights from this analysis. Furthermore, they are also far more likely to have to have changed the way they handle strategic decisions as a result of having more data, and to have seen improved strategic decision-making as a result of better data analysis.
Facing increasingly dynamic and unpredictable environments, firms are required to develop convenient innovation strategies, constantly adapt them to changing conditions and properly implement strategically aligned initiatives throughout their...
Enterprise Risk Management (ERM) is now a top priority for directors and executive management. Changes in corporate governance, increased political risk, rise in corporate scandals, rapid changes in information technologies, increased globalization, increased complexity of business transactions, increased competition, increased natural disasters and the recent fallout from the global financial crisis have all heightened the need for strategic enterprise risk management.
The Evolution Of Strategy Forbes Perhaps not surprisingly, business strategy started to look more like military planning, with thick books filled with reams of market intelligence, tactics and procedures.
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