Companies often have an abundance of data available, but many struggle to make sense of that data and to translate it into actionable insight for management. By keeping in mind these four best practices, management can create an effective competitive intelligence function that not only responds to your specific organizational needs and enhances decision making at multiple levels, but that also can become a long-term source of competitive advantage in the future.
Successful corporate entrepreneurship is at the core of corporate renewal. It allows an organization to benefit on latent market opportunities, develop new capabilities, and adapt to competitive challenges.
Led multifunctional team to perform detailed due diligence to decide on $5M acquisition of potential partner. Project included detailed assessment of current business strength, products and operations and estimation of future growth outlook scenarios and overall fit with client’s overall M&A strategy. Management accepted recommendation.
Working as a growth strategist, I have the good fortune of helping companies address their most pressing growth strategy and innovation challenges. Regardless of industry or geographic location, my clients are relentless in their pursuit of strategies that will produce consistent, profitable growth. However, I also see how top management can struggle as they go about identifying, articulating and prioritizing growth opportunities.
Our practice was selected alongside Deloitte, PWC and King Abdullah consulting services as a finalist in the Association of Management Consulting Firms (AMCF) growth strategies category for the integrated growth strategy we developed for a new Chicago-based venture.