Competitive Intelligence
-
Sound marketing decisions rely on the availability of market information to develop strategy, to decide tactics or to measure performance. However for many organisations the essential information is stored in diverse pockets inside and outside the organisation with little co-ordination in collecting, storing or utilising the data.With the information explosion that has accompanied the development of the Internet- there is an expectation that business information is readily available online and at no cost. But those who have searched without success have realised that finding appropriate and up-to-date information of relevance to key decisions is not so easy.
- Turning 'Theory' into 'Practice'?
-
Business Intelligence today can involve software related to data warehousing, reporting & analysis tools and data integration. This course focuses on the information requirements rather than the technology solutions but by understanding the sources and applications for market intelligence, delegates can ensure their company adopts an integrated approach to collecting and delivering the information required to develop marketing strategy.This workshop is intended to provide a systematic and structured approach to planning and implementing information collection and utilisation. It highlights the importance of collecting information not as an end in itself but for a purpose- to support decision making and drive strategy.
- Who should attend?
-
This course is intended for those who are responsible for the collection and dissemination of market information to management, ensuring that information needs can be met ona regular and planned basis. Job titles may include: Marketing Manager, Business Development manager, Marketing Strategy Manager, Market Intelligence Manager, Business Analyst, Market Research Manager, Marketing Executive, Research executive, Product/Category manager
- Key areas to be covered in the programme and documentation
The need for competitive Intelligence
Why do we need Information?
How does information contribute to success and reduces the risks when making decisions?
The role of market research in building a marketing strategy: How can market research helps to build a picture where are we now? and where are we going? and contribute to the plan of how will we get there?
What is Market Intelligence and how it differs from data, research and insight?
Developing a Market Intelligence system
Understanding management needs. Guidance on doing an internal survey of management needs
Stages in developing Market Intelligence system
Decisions to be made: What do you need to know to build an efficient competitive intelligence system?
What is Market Research?
The role of market research within a Market Intelligence System
Methodologies to build the picture: Think beyond the basics of an online questionnaire, Focus Groups or a telephone survey
10 Options to consider
UA structured approach to desk research
Searching in a systematic manner. What is the alternative to using Google to find information?
Tips on how to locate useful information online
10 key sources to try every time
Pitfalls of using published data. Can you trust what you find?
How to evaluate online sources?
When is primary research necessary? Guidance on how to justify the cost associated with undertaking primary research
Competitor Intelligence
Importance of competitor intelligence. Being aware of both direct and indirect competition
How to build a competitor s profile?
Checklist of information to collect about the competitors
Sources to start from
Applying the primary and secondary skills to building competitor intelligence
Ethical ways of learning what the competitors are doing
Setting up a system. How to ensure information is collected and available in a timely manner?
Making sense of all the data
Selecting what to use and what to discard
Analysing the data: Finding the patterns that yield the picture
Putting together a Market Intelligence report
Presenting data effectively. Suggestions of tools to use to make the findings digestibe
Adding value- writing recommendations
Setting up processes for monitoring trends
- Benefits to you
Improve your effectiveness in building competitive intelligence
Understand how information can provide the basis for competitive advantage
Identify the key information needed for management decision making
Learn the steps in setting up an internal market intelligence system
Discover how to tap key existing sources available in a structured manner
Know when primary research may be necessary to capture customer voice
Ensure that maximum use is made of the large amount of data available
Use information to support management decisions
Create the supporting evidence from which to make a case for development, continuation or cessation of the service offering
- Companies already benefiting include:
- Duration of Course
-
2 Day Course
- Course details
-
This course is currently only available as an in-house option. For more information, and a quote, contact our team on +44 (0)20 3002 3057, or by email at ProfessionalTraining@iihc.org
- Looking to train larger teams in this subject?
-
dzingim@marcusevansuk.comTailored in-house/in-company training courses and bespoke strategy workshops designed and delivered on-site throughout Europe according to your specific requirements.
All management, personal development and project management public courses featured in our Course Directory are also delivered on an In-Company basis.
Click Here for information on how this course can be delivered for you as an In-Company Training Solution
-
Enquire Now
- Quick Enquiry
-
- Further information
-
UK Enquiries: +44 (0) 203 002 3057
or dzingim@marcusevansuk.com
Non-UK Enquiries: +420 (0)2 5570 7246
or training@marcusevanscz.com
North American Enquiries: +1 312 540 3000 X6714 or emilyj@marcusevansch.com
dzingim@marcusevansuk.com - Marketing Manager EMEA - Professional Training
UK Enquiries: +44 (0)20 7647 2383 : salesenquiries@marcusevansuk.com
European Enquiries: +420 (0)2 5570 7246 : training@marcusevanscz.com
- Testimonials
-
"This course will allow my company to develop its existing strategies to a much greater and hopefully profitable level."
Managing Director, Tarmac