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Strategic, Competitive and Business Intelligence
Karel V , Member
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 practice their strategic intelligence systems and then come 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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Stages in Intelligence ProcessingAndrew Blaine, Member The consideration and selection of a strategic decision is based on many factors, including that of processing information (intelligence). In the "old" days there were four steps in the processing of information. They were:
1. Collection - where data is collected to a "central" point;
2. Collation - where collected data is sorted into meaningful information;
3. Interpretation - where the information is refined and fitted to the relevant (current, planned and/or desired) situation;and
4. Dissemination - where the decision made, based on the information assessed, is delivered to those involved in the implementation of the strategic decision.
I do not see why there should be any difference today. Do you? |
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