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Strategy and Competitive Intelligence by Bonnie Hohhof
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Porter’s Five Forces: a Powerful Framework for Competitor Analysis

Porter’s Five Forces: a Powerful Framework for Competitor Analysis | Strategy and Competitive Intelligence by Bonnie Hohhof | Scoop.it

Whether you’re starting up a new business or seeking to create a competitive edge for your existing company, using competitive intelligence frameworks can certainly help you in your endeavor. But unlike the traditional SWOT analysis, Porter’s model is centered on the business environment. By analyzing five key forces that act in your market, this framework clarifies how the power is distributed between stakeholders, and therefore is able to give you invaluable insights on your strategy. For example, if the bargaining power of buyers in your industry is high, offering differentiated products might be a good solution.

Who has the power in your industry? Check the Porter’s five forces explained below.

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The hero’s journey through the landscape of the future -- Deloitte

The hero’s journey through the landscape of the future -- Deloitte | Strategy and Competitive Intelligence by Bonnie Hohhof | Scoop.it

The forces of the Big Shift are driving both fragmentation and consolidation, fundamentally changing the nature of the relationships among businesses. Rapid advances in technology and the liberalization of public policy have shaped a world in which large companies face increasing performance pressure amidst sinking return on assets, intense competition, and changing workforce dynamics. Individuals are taking advantage of lowered barriers to market entry and commercialization to become creators in their own right. As a result, a new economic landscape is beginning to emerge in which a relatively few large, concentrated players will provide infrastructure, platforms, and services that support many fragmented, niche players.

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Russia: To China with love: Global Economic Outlook Q3 Deloitte

Russia: To China with love: Global Economic Outlook Q3 Deloitte | Strategy and Competitive Intelligence by Bonnie Hohhof | Scoop.it

Tensions with the West have scared away investors, weakened the ruble, and forced the central bank to raise rates. A large natural gas deal with China is nudging Russia closer to lucrative markets in Asia, which might hold the key to Russia’s long-term economic progress.

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Mustafa's curator insight, August 28, 2014 6:30 AM

Önemli bir analiz, önümüzdeki 10 yılın ana trendlerini ortaya koyuyor

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Top 20 Corporate Weasel Words

Top 20 Corporate Weasel Words | Strategy and Competitive Intelligence by Bonnie Hohhof | Scoop.it

You won't learn about these common corporate phrases in business school, but they're required reading if you want to navigate the corporate world. "weasel words"--phrases that allow a boss or employee to say one thing and yet mean something entirely different. The ability to identify and understand weasel words is a crucial business skill because, without it, you're in constant danger of having the proverbial wool pulled over your eyes. With that in mind, here is the real meaning of the 20 most common weasel terms and phrases.

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The 5 Essentials of a Well Run Meeting

The CEO of a start-up dedicated to fixing meetings shares the takeaways of hundreds of hours of research into what's wrong with the average office get together.
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At Last, There's a GoPro Device for Dogs

 The makers of GoPro, a tiny and light portable camera, have released a new product just for dogs: A harness that holds two cameras to record things from your canine's perspective.The GoPro Fetch is a kit that comes with a dog harness, a camera tether, and software needed to set it up on any model of GoPro. It's your job to provide the pooch and the GoPro camera.

Bonnie Hohhof's insight:

Now even dogs can post their lives on Facebook....

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Challenge Question Formation for Crowdsourcing

Challenge Question Formation for Crowdsourcing | Strategy and Competitive Intelligence by Bonnie Hohhof | Scoop.it

Organizations that pursue the inquiry-led form of collaborative innovation often have an outcome in mind. Clients ask me if there is a “right” question to pose to the crowd.  My response: no. In fact, I would argue that there are an infinite number of “right” ways to ask a challenge question. The trick—the handshake—is to align your question with your intent and to seek the right level of transformation. The following is an example of the latter:

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How to Profit From Big Competitor Screw-ups

When Goliath hands David the slingshot and rock, it would be silly not to use it. you can turn competitors into an asset. And nothing helps the process as well as a major disaster. Big corporations have too many balls in the air, too many cooks in the kitchen, and too many metaphors in the marketing department. Whether in pricing, social and political ineptitude, lack of training, or apparent disinterest in customers, the giants are setting themselves up to fail every day. You can take advantage of it by underscoring and demonstrating how different your organization is in a variety of ways.

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A Picture is Worth a Thousand Words – Visualizing Patenting Activities within Technological Industries using Deltasight

A Picture is Worth a Thousand Words – Visualizing Patenting Activities within Technological Industries using Deltasight | Strategy and Competitive Intelligence by Bonnie Hohhof | Scoop.it

n the field of patent analytics there is, obviously, an emphasis on the analysis of patent information, but looking at the area holistically, there is just as much, if not more emphasis on the subsequent visualization of the output from the analysis process. There are a variety of individual methods for visualizing analysis results, but over the past few years there has been an increased interest in merging diverse analysis results, and providing them together in a single representation. The practice of doing this provides context and depth to an area, which can’t be achieve when looking at individual results in a one at a time fashion. One of the companies providing visual insight into patent activities is Deltasight...

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Thinking Like A Computer Will Help You With Any Tough Choice

Thinking Like A Computer Will Help You With Any Tough Choice | Strategy and Competitive Intelligence by Bonnie Hohhof | Scoop.it

People are awful at making decisions due to the influence of countless cognitive biases.Although Kahneman does not explicitly discuss using this process outside of applicant evaluations, there's no reason it could not be applied widely.  It could even be used in binary decisions, especially if decision-makers also adopt the wise strategy of converting those binary decisions into non-binary decisions. Broadly speaking, the insight is to use coolly logical (and often quantifiable) rules to guide any decisions that may be subject to significant bias: In other words, force yourself to think like a computer

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Know Thy Audience

Know Thy Audience | Strategy and Competitive Intelligence by Bonnie Hohhof | Scoop.it

 a timeless lesson about crafting clear messages from Supercommunicator: Explaining the Complicated So Anyone Can Understand, by Frank J. Pietrucha. If you’re a technically minded individual—do any of the above points describe you? Sometimes appreciation of your issue with audience awareness can be the key that unlocks your potential as a better communicator. You can work on ways to find commonalities with your audience and develop empathy with them. You can expose yourself to people outside your immediate circle to give you a more balanced perspective on the world.

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Strategy& Foresight

Strategy& Foresight | Strategy and Competitive Intelligence by Bonnie Hohhof | Scoop.it

Welcome to our inaugural edition of Strategy& Foresight! Every quarter we publish more than 100 pieces of thought leadership, and it is my pleasure to share this curated list of a selection of our most insightful and provocative new articles. This quarter, all roads lead to growth. Virtually every company is chasing it, and in today’s turbulent market, it’s more difficult than ever to build good growth that lasts.

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The Multimillion Dollar Quest To Brew The Perfect Cup Of Coffee

The Multimillion Dollar Quest To Brew The Perfect Cup Of Coffee | Strategy and Competitive Intelligence by Bonnie Hohhof | Scoop.it

Coffee crusaders, backed by caffeine-buzzed venture capitalists, are taking aim at Starbucks with a $7 cup of joe. And you might even consider buying it

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Ten types of analytical innovation

Ten types of analytical innovation | Strategy and Competitive Intelligence by Bonnie Hohhof | Scoop.it

Ten types of innovation can be driven, supported, or measured with analytics. If you’re not using analytics for all ten types, you may not be optimizing your analytical capabilities. (Tom Davenport)

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Innovation from everywhere: Business Trends -- Deloitte

Innovation from everywhere: Business Trends -- Deloitte | Strategy and Competitive Intelligence by Bonnie Hohhof | Scoop.it

After centuries of near uni-directional innovation—from the West to the rest—we are in the early days of a massive rebalancing, aided by connective technologies. Innovation now happens everywhere.

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Contextual Intelligence

Contextual Intelligence | Strategy and Competitive Intelligence by Bonnie Hohhof | Scoop.it

There is nothing wrong with the analytic tools we have at our disposal, but their application requires careful thought. It requires contextual intelligence: the ability to understand the limits of our knowledge and to adapt that knowledge to an environment different from the one in which it was developed. .

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Science and Technology Intelligence (webinar)

Bonnie Hohhof's insight:

Auburn University, Open source intelligence laboratory.

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Competitive intelligence: international marketers seek fresh perspectives

Competitive intelligence: international marketers seek fresh perspectives | Strategy and Competitive Intelligence by Bonnie Hohhof | Scoop.it

Like solving a Rubik’s cube, there are many different approaches to striking gold in international tourism marketing. The challenge is to take the path that shows a destination off in a fresh, better light and that encourages more people to visit. The Canadian tourism industry continually seeks innovative ways to increase engagement and visitation and we at the Canadian Tourism Commission (CTC) are happy to help push the envelope. CTC News staff parse the best ideas from our global competitors to help our country stay ahead of the chasing pack. Big thanks as always to our international colleagues and industry partners for lending their shoulders to the investigative wheel.

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Google “Knowledge Vault” To Power Future Of Search

Google “Knowledge Vault” To Power Future Of Search | Strategy and Competitive Intelligence by Bonnie Hohhof | Scoop.it

Sensationally characterized as “the largest store of knowledge in human history,” Knowledge Vault is being assembled from content across the internet without human editorial involvement. “Knowledge Vault autonomously gathers and merges information from across the web into a single base of facts about the world, and the people and objects in it,” says New Scientist. Google has reportedly assembled 1.6 billion “facts” and scored them according to confidence in their accuracy. Roughly 16 percent of the information in the database qualifies as “confident facts.”

 Indeed, the article speaks of Knowledge Vault as the basis for future artificial intelligence applications, machine-to-machine communication, augmented  reality, predictive models and virtual assistant use cases

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Pentagon sees competition declining in defense contracting, and orders remedies

The percentage of Defense Department contract dollars the Pentagon awards via competitive bids has been falling every year since 2008.

Kendall announced the changes and several others in a memo DoD distributed to defense leaders on Friday. On the same day, Kendall's office published a new 24-page book of guidelines for building competitive acquisition strategies within DoD. "Given the declining trend in competition in the department and in light of today's limited resources, we must maximize our use of direct and indirect competition. Every dollar saved through competition benefits the warfighter and the taxpayers," Kendall wrote. "The aforementioned guidance and requirements will be incorporated in the Defense Acquisition Guidebook and Defense Federal Acquisition Regulation Supplement."

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Compliance and Risk: Clearing the Org Chart Hurdle - Forbes

Compliance and Risk: Clearing the Org Chart Hurdle - Forbes | Strategy and Competitive Intelligence by Bonnie Hohhof | Scoop.it

There seems little doubt that the external risk and compliance environment faced by multinational companies is becoming more complex by the day. Some multinationals have already placed risk management at the center of their strategic agenda, appointed a Chief Risk Officer, and focused on creating a coordinated approach to risk that encompasses quantitative and qualitative dimensions and applies a thorough, top down lens to the risk landscape and the corporate response. However, coordinating and understanding risk management from an organizational perspective remains highly challenging.

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The Most Powerful Way to End a Presentation

You shouldn't end a presentation with a slide that asks "Questions?" Ideally, you should take questions throughout the presentation so that the question asked and the answer given is relevant to the content presented. To be truly impactful, it is best to take questions and then finish with a closing that is as powerful as the beginning of your presentation. Use one of these approaches to make sure your presentation achieves the end result you desire.

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Lead by Asking

Lead by Asking | Strategy and Competitive Intelligence by Bonnie Hohhof | Scoop.it

Sometimes the most obvious questions are the most crucial. “What makes a great leader?” Specific characteristics may vary by industry and context, but one that consistently shines through is the ability to pose meaningful—and sometimes deceptively simple—questions. Here are six.

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The Four Traps of Predictive Analytics -- MIT Sloan

The Four Traps of Predictive Analytics -- MIT Sloan | Strategy and Competitive Intelligence by Bonnie Hohhof | Scoop.it

here are the Four Steps companies need to build the predictive enterprise:

  1. Focus on the decisions you want to improve.
  2. Make analytics as broadly usable as you can.
  3. Start with models you can scale.
  4. Land and expand — Taylor’s slang for continuous improvement in the models: use them repeatedly, make them better, and expand into new areas of the business.

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Fred Zimny's curator insight, August 26, 2014 12:00 AM
A fine read causing some confusion at least with me
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Aqute Competitive Intelligence Resources

Aqute Competitive Intelligence Resources | Strategy and Competitive Intelligence by Bonnie Hohhof | Scoop.it
Competitive Intelligence Tools: A list of nearly 200 tools that we use for competitive intelligence, from company filings to Twitter search engines. RFP Template for Competitor Analysis: If you are preparing to analyze a competitor, this template will suggest the right questions to ask. 24 SWOT Analysis TemplatesThe best SWOT templates from across the web, which you can use to frame your own analysis
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