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| Competitive Intelligence Every business, new or established, can look inward and make internal improvements; it can make efforts to develop the skills of its employees or discover new ways to reduce costs. It is relatively easier to control and influence things on the inside. The more challenging task is discovering and planning for what is on the outside. From start-ups to corporations, business success is dependent upon the ability to develop 'Competitive Intelligence' in relation to the external environment. This includes the ability to:
Helgeson Business Planning can help your company learn about its external operating environment by both collecting the data directly from competitors (when possible) and through secondary sources. Ultimately, a better understanding of the external environment leads to better decision- making - and improved profitability. |
