Think beyond. Act accordingly.

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Davos 2014: how to follow the World Economic Forum annual meeting on social media

9 January 2014
Davos is around the corner. If you have not yet received the coveted invitation, you can still follow the event from the comfort of your home or office. Over 2000 executives, heads of state, academics, NGOs, thought-leaders, social entrepreneurs and technology pioneers will meet, talk, debate, often disagree. Many of those conversations exit the walls of the Davos Congress center so that you can participate. Here is a primer on the how and where.

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CEOs & Board of Directors

about competitive intelligence

Think beyond. Act accordingly.

Strategic Intelligence is a coordinated activity of research, analysis and distribution of information necessary to make strategic decisions. 

When strategic decisions are driven by anecdotes, executive intuition and past experience, companies run the risk of making decisions based on biased information. A structured process exists to implement within a company the tools necessary to guide managers and top management when making strategic decisions.

 Here are indications that those processes are not well-mastered in the organization:

  • Decisions based on anecdotes rather than facts
  • Over‐emphasis on "obvious" competitors
  • Inability by the executive team to make significant strategic decisions rapidly
  • Resistance to question/challenge the existing business model
  • Major market shifts have not been anticipated by management

 Competia works directly with boards, individual board members and their strategic commitees, or with executive teams to provide guidance, and specific tools to create the space for this strategic discussion.

 

competitive intelligence FOR the Board of directors

As a board member, you can be held responsible for identifying where the executives might have undereastimated a strategic risk, or where they are failing to see a strategic opportunity. You are routinely expected to be a strategy guru, without the relevant tools and support. In a recent article Hays Management revealed that most CEOs simply present strategy theory to the board, rather than engage members on strategic issues.

 A McKinsey survey found that corporate directors,

"Want to spend more time on long-term strategy and less time on short-term matters such as ensuring that quarterly earnings will consistently meet market expectations."

Competia has developed a systematic approach to examine a company’s strategy and lead a discussion around potential “blindspots” – untapped opportunities, or overlooked risks.

Check out these articles about the crucial role of boards in strategy:

competitive intelligence FOR ceoS AND PRESIDENTS

The power to act, not react.

 Setting up a Competitive Intelligence process in your organization will allow you to:

  1. Ensure decisions are based on facts not anecdotes
  2. Have a discussion partner that will provide a check and balance to YOUR decisions
  3. Add value to the market information circulating within your company with analysis and insights
  4. Allow your management team to be more pro-active rather than reactive to events or changes in your competitive landscape
  5. Look at your growth strategy in a structured manner

"My role is to facilitate this process, and these discussions - I am not a substitute to your management team, and would never run a competitive analysis on your behalf - but will transfer the knowledge about HOW to do it."- Estelle, Competia

 

Engage. Understand. Act. The Competia Advantage.