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Karel V
CEO, South Africa
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Strategic Intelligence, Competitive Intelligence and Business Intelligence
🔥 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:
- 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.
- 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.
- 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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