In competitive intelligence we have more issues than most when building and maintaining trust with our customers. Many think our work is only COMPETITOR intelligence which doesn’t help the cause. The other more obvious issue is many consulting firms are experts in a certain industry. What are your best practices and ethics around a company asking you to research their competitor, who might be your customer?
Tactic #5: Remain ethical and avoid deception as you collect competitive information. As a consultant I am sensitive to the topic of ethics since there is such a variance among my clients. Some clients have the attitude of “Just get the information for us, I don’t care how!” Others go as far as to have me sign on to their company ethical standards. I find that having an honest discussion around ethics at the proposal stage is helpful so I can decide if my ethics and the company’s are similar. Ultimately it’s your conscience that will guide your behavior and ethics is part of that.
I was interviewed by Adam Sutton of MarketingSherpa, and in the spirit of cooperative intelligence I am sharing some highlights from each of the 5 tactics to research your marketplace using competitive intelligence skills. 1. Conduct win loss analysis; 2. Talk to internal and external experts; 3. Use trade shows as fact-finding missions 4. Build an information database 5. Remain ethical and avoid deception. I will provide more detail about each of these 5 tactics in future April blogs.
I am reading Seena Sharp’s book Competitive Intelligence Advantage. In the spirit of cooperative intelligence, I am sharing what I liked about the introduction and the first two chapters in this blog. Stay tuned: I will continue my review as I read further!
On March 23, I will be giving a 2 hour session entitled, “Improve your ROI: Proven Tools & Techniques for Integrating Sales & Marketing” at the American Marketing Association’s Spring Marketing Workshop which takes place in Denver, Colorado from March 22 – 25 at the Westin Tabor Center www.westintaborcenterdenver.com.
In the spirit of cooperative intelligence I want to share the news about our SCIP Denver Rocky Mountain Meeting for Feb 19 2010 at the Qwest Bldg, 1801 California St, Conf Rm 3, 13th Fl, Denver CO 80202. Lynnette Woolery, our long-time chapter leader will hand the reins over to Richard Caldwell and Tom Seward.
In the spirit of cooperative intelligence, I would like to share a competitive intelligence case study initiative that my colleague Tom Hawes is leading. He saw a need for more sharing in the field of competitive intelligence. In many cases people don’t share since well it’s the competition after all, who might be reading or listening to what I share. The idea behind the case study format is to draw people out of their shells to discuss how they would approach the issues that this CI manager faces.
Most of my experience with cold calling is following my intuition. However, in the spirit of cooperative intelligence I will share some of the practices that I have developed over the years as a researcher. Like anything else, practice makes you a lot better. I am always thinking about ways to empathize and be more sensitive to the other person and am most effective when I forget about myself while keeping an eye on the clock to respect their time.
Last week I attended a webinar to improve my selling skills led by Colleen Stanley, Founder and Chief Sales Officer of SalesLeadership. Effective selling will help competitive intelligence professionals, product managers and researchers gain respect, cooperation and appreciation from internal peers. Combine emotional intelligence practices and selling with the collection skill of elicitation and watch your effectiveness soar!
In competitive intelligence and research, many of us don’t have any reporting people and report into another functional area of the company. Thus cooperative and purposeful leadership skills are all the more crucial when you rely on other people to give you great information or intelligence who don’t report to you, and your boss perhaps views you as an outlier since competitive intelligence doesn’t quite fit into anyone’s area. My most purposeful leadership was with Sales while I was at Verizon. I knew I needed to be cooperative in order to gain sales intelligence and customer’s input to be successful in competitive intelligence.