Strategic Intelligence, Competitive Intelligence and Business Intelligence

Competitive Intelligence
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Karel V , CEO, South Africa
🔥NEW During my course Advanced Strategic Management at the University of South Africa (UNISA), I learned that in order for organizations to come to their strategic decisions, they have to implement a Strategic Intelligence system to feed the process of the actual strategic decision making:
  1. Organizations have to conduct what is called Competitive Intelligence (CI), where they scan their external environment for the information they need for the support of their decision.
  2. Then Business Intelligence (BI), extracting information, some of which was gathered on CI and disseminating the information organization-wide including to the strategists. In a good format.
  3. And finally Knowledge Management (KM), which is where the information is transformed into knowledge and distilled to be skills of individuals important for the decision making.
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