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