10 Tips for Effective Competitive Intelligence Gathering

Competitive intelligence gathering can be a useful exercise that yields important information to guide your business and marketing strategy, or it can sit in a computer file and collect the equivalent of electronic dust if you're not careful. While a competitive intelligence project can bring out your inner spy, it can also lead to confusion, misinterpretation of data, and faulty strategy-setting. Worse still, it can lead to something I call the "me too" syndrome in which you end up pushing your business into a model that's a poor imitation of a competitor rather than an authentic and rich representation of... how...

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