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Not only the home market is target of Competitive Intelligence, the world wide competition needs to be focused too. Successful company management does always use the tools of Competitive Intelligence in order to know what the competition is doing. Another important issue is the timely identification of potential M&A targets.
Boher-Beratung core elements for Competitive Intelligence are following:
Competitive Intelligence
Why Competitive Intelligence?
The spreading of globalization is one of the reasons of the increasing importance of Competitive Intelligence.Not only the home market is target of Competitive Intelligence, the world wide competition needs to be focused too. Successful company management does always use the tools of Competitive Intelligence in order to know what the competition is doing. Another important issue is the timely identification of potential M&A targets.
Boher-Beratung core elements for Competitive Intelligence are following:
- Identification and Analysis of competitors
- Unveiling Competitive Strategies
- SWOT-Analysis (Analysis of Strengths and Weaknesses)
- Main focus on following areas:
- Products (incl. Price)
- Services (incl. distribution)
- Communications
- Market Size/Volume
- Market Potential
- R & D
- Procurement
- (as far as possible) Financing
- Reliable basis for the evaluation of your company’s competitors and their business activities
- Sound knowledge for developing the right competitive strategy
- Learning from the success and/or failure of other companies