What does competitive intelligence mean?
Definitions for competitive intelligence
com·pet·i·tive in·tel·li·gence
This dictionary definitions page includes all the possible meanings, example usage and translations of the word competitive intelligence.
Wikipedia
Competitive intelligence
Competitive intelligence (CI) is the process and forward-looking practices used in producing knowledge about the competitive environment to improve organizational performance. It involves the systematic collection and analysis of information from multiple sources, and a coordinated CI program. It is the action of defining, gathering, analyzing, and distributing intelligence about products, customers, competitors, and any aspect of the environment needed to support executives and managers in strategic decision making for an organization. CI means understanding and learning what is happening in the world outside the business to increase one's competitiveness. It means learning as much as possible, as soon as possible, about one's external environment including one's industry in general and relevant competitors.
Wikidata
Competitive intelligence
A broad definition of competitive intelligence is the action of defining, gathering, analyzing, and distributing intelligence about products, customers, competitors and any aspect of the environment needed to support executives and managers in making strategic decisions for an organization. Key points of this definition: ⁕Competitive intelligence is an ethical and legal business practice, as opposed to industrial espionage which is illegal. ⁕The focus is on the external business environment. ⁕There is a process involved in gathering information, converting it into intelligence and then utilizing this in business decision making. Some CI professionals erroneously emphasize that if the intelligence gathered is not usable then it is not intelligence. A more focused definition of CI regards it as the organizational function responsible for the early identification of risks and opportunities in the market before they become obvious. Experts also call this process the early signal analysis. This definition focuses attention on the difference between dissemination of widely available factual information performed by functions such as libraries and information centers, and competitive intelligence which is a perspective on developments and events aimed at yielding a competitive edge.
Numerology
Chaldean Numerology
The numerical value of competitive intelligence in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of competitive intelligence in Pythagorean Numerology is: 9
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"competitive intelligence." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/competitive+intelligence>.
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