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Competitive intelligence is a legal business practice, as opposed to industrial espionage, which is illegal. [4]The focus is on the external business environment. [5]There is a process involved in gathering information, converting it into intelligence, and then using it in decision-making.
Intelligence is a bimonthly peer-reviewed academic journal of psychology that covers research on intelligence and psychometrics. It is published by Elsevier and is the official journal of the International Society for Intelligence Research. The journal was established in 1977 by Douglas K. Detterman (Case Western Reserve University).
Technology scouting is also known to be part of competitive intelligence, which firms apply as a tool of competitive strategy. [5] It can also be regarded as a method of technology forecasting [6] or in the broader context also an element of corporate foresight. [7] Technology scouting may also be applied as an element of an open innovation ...
Porter's four corners model is a predictive tool designed by Michael Porter that helps in determining a competitor's course of action. Unlike other predictive models which predominantly rely on a firm's current strategy and capabilities to determine future strategy, Porter's model additionally calls for an understanding of what motivates the competitor.
As research into MI comes from scholars and non-scholars of different backgrounds it has resulted in a fragmented state of research. This has led to MI being used interchangeably with other market terms such as competitive intelligence, business intelligence and strategic intelligence. [9]
According to Ewen Montagu, John Godfrey devised this system when he was director of the Naval Intelligence Division (N.I.D.) around the time of World War II. [5] The system employed by the United States Armed Forces rates the reliability of the source as well as the information. The source reliability is rated between A (history of complete ...
In business, a competitive advantage is an attribute that allows an organization to outperform its competitors.. A competitive advantage may include access to natural resources, such as high-grade ores or a low-cost power source, highly skilled labor, geographic location, high entry barriers, and access to new technology and to proprietary information.
The technology intelligence process consists of 4 steps: [7] Planning, organizing and directing the competitive intelligence effort, Collecting intelligence information, Analyzing the data, Disseminating the results of intelligence for action. The planning step involves the company deciding to seize technology-based opportunities.