Competitive intelligence done right is a powerful growth lever for any organization.
But getting it right? That's the hard part.
There are many concepts to master if you're to satisfy your customers, motivate your team, and optimize your workflows. Enter our Competitive Intelligence Framework. 🏁
The Framework covers all you need to know to navigate the competitive intelligence cycle, from start to…well, there is no finish really, is there?
For each of the four fundamental stages: Define, gather, analyze, and implement, we’ve unpacked each of the cogs to arm you with the info you need to outcompete the competition.
Define
Being skilled at defining key elements like your target audience, customers' unmet needs, and competitors ensures you're strategically aligned. Develop this competency, and you’ll better understand where your business stands and where it needs to go.
By clearly identifying specific market elements, you can tailor your strategies to effectively meet market demands and outmaneuver competitors, directly influencing your company's success. Knowing your business' objectives also helps you focus your efforts where they can generate the most impact.
Gather
Being adept at gathering intel like win/loss analysis, customer feedback, and market research ensures you're always informed. You'll catch trends and market shifts early, understand what's working and what is not, and understand your competitors' moves.
This knowledge lets you adapt strategies quickly and effectively, keeping your business ahead. Collecting internal insights also aligns your strategy with actual operational capabilities and limitations, making sure you're working with a realistic framework.
Analyze
Mastering analysis frameworks like SWOT, PESTLE, and competitive gap analysis is crucial because it sharpens your strategic thinking. You'll identify strengths, weaknesses, opportunities, and threats more accurately, understand broader environmental factors, and pinpoint where you can gain an advantage over your competitors.
This deep dive into data transforms raw information into actionable insights, enabling you to craft proactive strategies that take you beyond the reactive default. In short, strong analytical skills empower you to make informed decisions that propel your business forward, and strengthen its footing in the competitive landscape.
Implement
Being skilled at implementing your strategic findings and creating deliverables like battle cards and CI workshops ensures your insights don't just sit on the shelf. You'll translate analysis into practical deliverables that directly empower stakeholder groups.
This application of intelligence helps your business anticipate competitor moves, seize market opportunities, and respond to challenges effectively. By actively shaping strategy and execution, you ensure that your competitive intelligence work drives real, tangible results, keeping your company competitive and agile in a dynamic market.
Enjoying these resources? Go on, treat yourself
Give yourself an unfair advantage. Our newest competitive intelligence course lifts the lid on the frameworks and processes experts use to deliver impactful intel with confidence.
You can expect:
- A 100% self-paced and online course packed with competitive wisdom so you can stop worrying and start winning.
- Bonus features from established competitive professionals to give you an unfair advantage.
- 6 downloadable, customizable templates and frameworks that make analysis a cinch.
Competitive Intelligence: Core
We'll show you how to:
- 👑 Lead development of your org’s all-important competitive positioning.
- 🦾 Master CI’s essentials, including its most powerful research techniques.
- 🚀 Arm sales and customer success with intel to skyrocket win rates and turn down churn.
- 🧠 Offer leaders critical intel that informs their decision-making and strategy.
- 📈 Elevate CI’s role within your org to ensure career progression.