Quick Answer: What Are The General Uses Of CI Information?

What is CI report?

CI reporting includes compilation of reports that contain raw and analyzed data for the Intelligence user.

The focus is on the content composition of the Intelligence reports.

Besides written reports, the importance and specifics of Intelligence presentations (briefing, fixed date) are looked at in detail..

How is CI different from business espionage?

Corporate Espionage (CE) The objective of corporate espionage is to acquire private and confidential information about a commercial organization. … Corporate espionage is basically spying and usually takes place between corporations while CI involves following ethical business norms and follows legal guidelines.

What are sources of competitive intelligence?

A typical competitive intelligence study includes information and analysis from various disparate sources, including the news media, customer and competitor interviews, industry experts, trade shows and conferences, government records, and public filings.

What is a CI professional?

The ultimate goal of professional competitive intelligence (CI) is the generation of in- sight (“intelligence”) into competitors’ intentions. This knowledge enables decision makers to make sound decisions.

Is spying on competitors illegal?

Many people are under the impression that spying on a private company isn’t illegal the way that spying on, say, a foreign country is. And it’s true that it’s not illegal to obtain information about competitors via legal means, even if those means are secretive or deceptive.

How do I write a Competitive Intelligence Report?

Here are seven easy steps to creating a competitor analysis framework.Identify Competitors. Know who are your competitors. … Know the Objectives. … Earmark the Evaluation areas. … Know the Stakeholders. … Choose Data Sources. … Competitive Intelligence Templates. … Publishing Research.

What is competitive intelligence in pharmaceutical?

Competitive Intelligence, or CI, is not mysterious Rather, CI is based on factual, valuable information gathered from trusted industry sources, and analyzed by highly competent and insightful pharmaceutical industry professionals.

Does CI really make a difference to the bottom line?

As I stated earlier, historically, analysts and researchers agree that better CI will improve firm’s overall performance in the marketplace. But most of this evidence is anecdotal and not empirically proven.

What is competitive intelligence CI )? Discuss how it helps managers and how it is used?

Competitive intelligence (CI) helps managers assess their competition and their vendors in order to become more efficient and effective competitors. Intelligence is analyzed information, and it becomes decision-making intelligence when it has implications for the organization.

Is Competitive Intelligence illegal?

So, based on the law, competitive intelligence is completely legal. Depending on the means in which you gather the intelligence impacts the ethics behind it. Gathering information by not disclosing who you are to a competitor or by lying would be considered unethical, but it’s not illegal.

How can I improve my competitive intelligence?

6 Steps to Design a Successful Competitive Intelligence ProcessIdentify Your Competitors. The first step in the competitive intelligence process is to identify your competitors. … Identify Areas of Interest to Track in Your Competitors’ Digital Footprints. … Gather Your Intel. … Create a Competitive Analysis. … Communicate Intel. … Turn Data into Results.