How often?
How current is your intelligence on your competitors, your competitive environment, your customers, your suppliers, that is, on your entire corporate environment?
Ellen Naylor
How to Incent Sales to Share Competitive Intelligence
The key to success in communication to and from sales is to understand your company’s sales culture, and what might be fun and engaging for them to be cooperative in sharing what they learn in a timely manner. Go to where sales is to get them to engage. Many sales people travel extensively, so they have time in the car or airplane to write, tape or text about what they’re learning. They also value information from their peers. Maybe you can facilitate more sharing among peers, even informally. In my experience it takes a couple of years to get sales information to flow. You have to earn their trust to build that relationship.
Why I like Company Transparency in Win Loss Interviews
Why is it that companies don’t want to disclose who they are in win loss interviews? Is it fear? Many feel if they don’t identify who they are, they’ll get a more objective interview. They are also afraid if they let the customer know who they are—especially when they lost the business—the customer won’t take the interview or if they do, they won’t tell much. A third common reason is they don’t want their sales force to know that they’re conducting these interviews since some of the questions assess the effectiveness and quality of the sales force.
I have found that transparency is a win/win for customers and the company in win loss analysis interviewing. It’s the ultimate in cooperative intelligence and promotes sharing.
7 Steps to Prepare for a Choice Conversation
I realize how much choice I have for just about everything I do in life, especially how I spend my time. The same thing is true when I conduct an interview to gather information to help clients make important strategic or tactical decisions or conduct a coaching session. How do I realize choice when interviewing?
Follow these 7 steps and you will be prepared for a choice conversation, that is you will have the choice to direct the conversation flow, since unlike the person you’re interviewing, you will be in the zone to maximize your collection during this conversation.
The Why, What & How of Win/Loss Analysis
A week ago I delivered an IntelCollab webinar on win loss analysis, and have now posted my win loss analysis slides on my Slideshare account. At the conclusion we had time for a goodly number of questions, which I have recapped below. For those who are unfamiliar with win loss analysis, it is the process of interviewing customers and non customers, usually over the telephone, as to why they chose to do business with you or another service provider. You tally up the results of these telephone interviews, and provide quantitative and qualitative analysis based on what you learned from the interviews. It is my favorite tactical competitive intelligence practice since you learn so much from these short interviews, much of which you can take action on almost immediately.
Improve Your Win Loss Analysis Skills: IntelCollab Webinar
Join us, Arik Johnson and me, Ellen Naylor, for an informative webinar on the how to behind win loss analysis. Win/loss interviews and analysis, are still one of my favorite tactical collection techniques. This is a low cost form of primary collection which always provides a high return for improving your company’s bottom line. Who better than your customers and those who decided on a competitor to tell you what you are doing well and what you need to change?
Cooperative Intelligence: Kindness in Competitive Intelligence
While competitive intelligence is not a kind business function, it is a necessary one, and we can be kind people when we bring cooperative intelligence practices into our work. Cooperative intelligence is kindness: you give without an expectation of something in return. People realize that you genuinely want to help them in their work. After all, competitive intelligence is a support function. You need to keep giving, and eventually those in your network of contacts will support you by sharing great tidbits on the competitive environment since your giving is infectious, and they just can’t help themselves. People are attracted to you by your good example of producing the goods they need and your giving attitude.
Reach out to people for the best & most real-time intelligence
Many are too focused on what they can find from “big data,” the Internet and social media–which anyone can have access to who has time and money. If you want to learn what’s really happening, you need to talk to human beings on a regular basis, not just for competitive intelligence, but for anything in life that you care about.
How to Find Health Information for Veterans
No matter how you feel about America’s presence in war, our veterans deserve support, particularly as they return to their families and work life after deployment. This blog takes some of the guess work out of research for great support resources for veterans and their families, particularly the Colorado University Health Sciences Library’s resource guide: http://ow.ly/nrm5V maintained by Dana Abbey.
Debra Fine & The Fine Art of Small Talk
Small talk is an appetizer to any relationship. People like to do business with their friends. When you forget someone’s name, for example, be open and ask them graciously. This psychology of assuming the burden of someone else’s comfort is similar when you are on the telephone doing research or competitive intelligence. Make the other person feel you care, but also keep in mind that you might be catching them at a busy time.