Competitive Intelligence: Fast, Cheap & Ethical
By Rob Duncan
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About this ebook
What is your competition doing right now? What tools can you use to predict what your competition will do next? How can you getand keepa competitive advantage? If you cant answer these questions, you need this book.
Whether youre an innovator, entrepreneur or manager, Competitive Intelligence: Fast, Cheap & Ethical will help you make smart decisions that lead to profit and success.
To make smart decisions about your business, you need intelligence. Not the kind of intelligence measured with IQ tests, but the kind that involves your ability to find, interpret and respond to the information around you. It is vital for entrepreneurs, innovators and managers to be able to understand what their competitors are doing, how they think and what they are likely to do in the future.
Intelligence is everywhere, but do you know how to find and make use of it? Competitive Intelligence: Fast, Cheap & Ethical shows you how to use all your senses and mental powers to develop an in-depth picture of the competition and the broader business environment.
This book gives you a wealth of easy to understand tools to help you keep tabs on your competitors and predict how they will behave in the future. You can use all of the techniques presented in this book at virtually no cost and in a legal and ethical manner.
Let Rob Duncan show you how to create a vibrant CI process, one that is constantly being challenged, updated and refocused and one that is sure to lead you toward competitive success.
Rob Duncan
In 2002, management consultant and college instructor Rob Duncan sailed as a deckhand on the tall ship Europa on an 8,000 mile voyage around the dreaded Cape Horn. In doing so, Rob joined an exclusive group of fewer than 500 living people to have rounded the Horn on a square-rigged sailing ship. An account of the voyage appeared in Pacific Yachting magazine in 2003. Rob Duncan holds a BA in Economics, an MBA and is a Certified Management Consultant. Through his company, Great Capes Consulting (www.greatcapes.com), Rob offers motivational teambuilding seminars and keynote addresses. When he is not consulting or teaching, Rob can often be found on his own sailboat in the Pacific Northwest.
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Book preview
Competitive Intelligence - Rob Duncan
Competitive Intelligence
Fast, Cheap & Ethical
An essential guide for managers, start-ups, entrepreneurs & innovators
Rob Duncan
US%26UK%20Logo%20B%26W_new.aiAuthorHouse™
1663 Liberty Drive, Suite 200
Bloomington, IN 47403
www.authorhouse.com
Phone: 1-800-839-8640
© 2009 Rob Duncan. All rights reserved.
No part of this book may be reproduced, stored in a retrieval system, or transmitted by any means without the written permission of the author.
First published by AuthorHouse 2/12/2009
ISBN: 978-1-4343-0641-8 (sc)
ISBN: 978-1-4670-7774-3 (ebk)
Printed in the United States of America
Bloomington, Indiana
Contents
Part One:
Core CI Skills
1
2
3
4
5
Part Two:
Applied CI Skills
6
7
8
9
10
11
12
13
Part Three:
Tying It All Together
14
Foreword
When asked to write a foreword to Rob Duncan’s book, I was honored by the request but also struck by how similar the world of competitive intelligence is to the tradecraft of intelligence analysis as practiced by law enforcement agencies, national security and regulatory bodies. In many ways, they are flip sides of the same analytic coin. While the subject matter differs, both practitioners utilize the hard currency of intelligence for strategic advantage, and employ similar tools and techniques in the quest for information supremacy. Whether it’s the financial bottom line or catching bad guys, actionable intelligence trumps raw information and Duncan shows us how it’s done in the business sector.
The tools, techniques and lessons presented in Competitive Intelligence: Fast, Cheap & Ethical help both beginner and expert make sense of the daily stream of data, thereby transforming raw information into intelligence for strategic profit. Duncan encourages us to go beyond traditional sources of data by employing all of our five senses in assembling competitive intelligence, thus letting us access a rich tapestry of information. He praises the virtues of predictive analytics, the holy grail of all intelligence, and urges us to keep it simple. These are sage words of advice for both competitive intelligence professionals and intelligence analysts.
Competitive Intelligence: Fast, Cheap & Ethical is a timely compilation of wisdom from Duncan’s extensive and accessible journey into the field of competitive intelligence. It demystifies CI tools and techniques, often perceived as arcane and unobtainable, putting them within reach of practitioners, students and observers of this exciting area. Duncan is to be commended for his thoughtfully-presented and lively treatment of this important topic. It belongs on the bookshelf of every serious analyst.
Alex Tyakoff, MA
Delta Police Department
Who Needs This Book?
Agility means that you are faster than your competition. Agile time frames are measured in weeks and months, not years.
Michael Hugos
If you are thinking about starting your own business, already own a home-based, small or medium-sized business, are a manager in a company of any size, or are an innovator, you need this book. To make decisions about your business, you need intelligence. Not the kind of intelligence measured with IQ tests, but the kind that involves your ability to find, interpret and respond to the information around you. It is vital for entrepreneurs and managers to be able to understand what their competitors are doing, how they think and what they are likely to do in the future.
Despite being in increasingly competitive environments, relatively few entrepreneurs or companies practice meaningful levels of competitive intelligence or CI. This may be because of misperceptions about what CI is. Many perceive CI as corporate espionage, as too time-consuming and expensive, or even as illegal. This book focuses on presenting CI in a realistic light, and as something that can be easy, inexpensive and ethical.
This book gives you a number of tools to help keep tabs on your competitors and predict how they will behave in the future. Best of all, you can follow all of the techniques presented in this book at virtually no cost and in a legal and ethical manner.
The subtitle of this book, Fast, Cheap & Ethical, reflects my belief that fast intelligence is better than perfect intelligence. The winning company is the one that solves part of a problem in a few minutes and begins developing counterattack strategies immediately, while filling in their intelligence on the fly. Waiting for several weeks to get an exhaustive answer is not a winning option in highly competitive environments.
Similarly, the book’s subtitle reflects my belief that good CI need not be expensive. It’s possible to spend a fortune on computerized dedicated CI systems, or to attempt to harness large enterprise systems in service of CI. That’s fine, but the typical manager or entrepreneur can do top-notch CI without spending much money at all. Once ingrained as a set of instincts and behaviors, CI becomes something you can do all the time, often from your desktop with minimal financial investment.
Finally, the subtitle of the book reflects a profound conviction that the best CI is ethical CI. The most satisfying challenge in CI is to gather the very best intelligence without lying, cheating, breaking laws or ethical boundaries. To gain an edge on a level playing field, while observing the highest ethical standards, is what the game is all about. To cut corners is not just unethical, it’s mentally lazy.
The book is divided into three sections. Chapters 1 through 5 present some core skills you’ll need to be a good CI practitioner. Chapters 6 through 13 build on those core skills with a set of applied intelligence techniques. Finally, Chapter 14 presents some suggestions for creating a system that will help you get the most out of your company’s CI efforts.
As a disclaimer, let me say few of the CI techniques presented in this book are uniquely mine, but have been gleaned from years of reading, sharing ideas with practitioners and thought leaders, attending seminars and conferences and teaching CI at the college level. However, the practice exercises, the arrangement of the subjects in the book, as well as the focus on core skills, are my own.
The intention behind this book is to popularize these techniques and put them in the hands of entrepreneurs and managers who can make use of them. I gratefully acknowledge the many mentors, teachers, colleagues and influences I’ve had along the course of my development in CI.
Rob Duncan