DOE AGORA Qualquer valor

Marcadores

50 Competitive Intelligence analysis techniques

50 Competitive Intelligence Analysis Techniques

7 October 2013 | By Estelle Metayer

Analysis is often where the ball drops as far as competitive intelligence analysts are concerned. Yet this is the only way the team can truly extract insights from the data and the intelligence gathered, and have a chance to play a role in the company’s strategic planning process. You will find below 50 analysis techniques you should master. This is not a complete list, and it should be adapted depending on the strategic needs of your company, as well as the nature of your business.
I have ranked them by theme, but also suggested the level of complexity. The techniques marked with an asterisk* are included in Competia’s course “Advanced Analysis Techniques”.

Industry Structure and Competitiveness

1-SWOT*
A structured method to analyze both internal and external factors that are likely to affect a company’s success. This framework needs little introduction as it has been used and overused in virtually every strategic planning discussion I have been part of. I would caution analysts that SWOT might be useful to organize information, but certainly not to guide strategic decision making. It needs to be combined with the TOWS matrix  to gain additional insights.
2-SCP Framework ( Structure-Conduct-Performance)*
The SCP framework is process to understand how players’ behavior and external shocks can affect an industry’s future profitability and growth. It can be at times difficult to run as it requires executives to project into the future, but insights are real and lead to great strategic discussions.
More on McKinsey’s site (includes an audio file): http://www.mckinsey.com/insights/strategy/enduring_ideas_the_scp_framework
An example of analysis here: https://www.frost.com/sublib/display-market-insight.do?id=170405929
Complexity: Medium
3-ADL Matrix
This analysis helps one understand how an industry’s maturity and competitive position affects strategy. It compares two axes: industry maturity (ranging from embryonic, growing, mature, to aging) and competitive position (from dominant to weak).

4-Porter's Five Forces*
Porter’s framework provides a checklist to analyze the competitiveness level of an industry based on the balance of power. When using it, do not forget it is only the start of your analysis. The next step includes defining which strategy would augment chances of success: cost structure strategy, differentiation strategy or integration strategy.
More: about Michael Porter’s work at Harvard Business School
Complexity: Low
5-Industry cost curves
Using supply curves, the frameworks helps you anticipate capacity investments, plant closures, and pricing changes for a product.
-
6-Value Net
This analysis extends the five-forces framework by examining the role of complementors (companies from which customers buy complementary products or services) and their effect, which is the mirror image that of competitors.
7-The Space Matrix
This is a valuable method for analyzing the competitive position of an organization. It highlights two internal dimensions (financial strength and competitive advantage) and two external dimensions (industry strength and environmental stability) to determine the organization’s strategic position in the industry. The company’s strategic strength is then defined as aggressive, competitive, conservative or defensive.
8-PEST
This framework is used in the early phases of strategy development to describe the landscape and environment in which a firm operates ( PEST stands for Political, Economic, Social and Technological). Note: It is sometimes transformed into SLEPT (Social, Legal, Economic, Political, Technological), PESTEL (Political, Economic, Social, Technological, Environmental/Ecological, Legal), STEEPLE (Social, Technological, Economic, Environmental, Legal, Ethical), etc.
9-Inflection point analysis
An inflection point is: “An event that changes the way we think and act.” This analysis identifies when and where inflection points are likely to happen.
More: I like the short explanation here: http://www.safehaven.com/article/22158/inflection-points-a-short-explanation
An example by Accenture in the US Biopharmaceutical Industry
Complexity: High
10- Hypercompetition
By leveraging Richard d’Aveni’s frameworks of competitive cycles, analysts can predict future industry dynamics.

Future market size estimation and analysis

11-Evaluation and Estimation of the Market Size*
These techniques will allow you to calculate the size of the market even when no study exists or no information is publicly available. Many methods—from top-down to bottom-up and extrapolations from market segments—can be triangulated to get the correct answer. The main advantage of these analyses is that they lead to a good, solid strategic definition of the industry or market boundaries and helps highlight blind spots.
12-Lifetime value analysis
This customer lifetime value analysis consists of predicting the revenue a customer will generate over his or her entire lifetime.
13- Supply and demand curves
In microeconomics, supply and demand is an economic model of price determination in a market. It concludes that in a competitive market, the unit price for a particular good will vary until it settles at a point where the quantity demanded by consumers (at current price) will equal the quantity supplied by producers (at current price), resulting in an economic equilibrium for price and quantity.
More: a good primer here http://www.oup.com/us/pdf/microecon/ch02ppt.pdf
Complexity: High

Customer intelligence

14-Journey map
The journey map describes the journey of a user by representing the different touchpoints that characterize his or her interaction with the service.
15-Personas
The personas process includes the development of archetypal users to direct the vision and design of new products or services.
16- Value chain analysis
A systematic approach to analyze your value chain, and identify where to create the greatest value for the customer.

Growth path analysis

17-Three Horizons*
The Three Horizons framework provides a structure for companies to assess potential opportunities for growth without neglecting performance in the present. The concept was developed in the book, The Alchemy of Growth: Practical Insights for Building the Enduring Enterprise.

18-Staircases to Growth*
The staircase approach is a method to map a company’s possible growth path by continuously compounding skills and options. I have used this framework extensively to either map a competitor’s past staircase (and hence anticipate future moves) or as a tool for a strategy team to brainstorm about strategic options.
More: The excellent McKinsey Quarterly article here is a must read : http://www.mckinsey.com/insights/growth/staircases_to_growth
Complexity: Medium
19-Seven degrees of freedom
This analysis is based on the belief that the success of a strategy is based on the ability of a company to identify its strengths and build on them.
For more, read “The Mind of the strategist” by Kenichi Ohmae http://www.economist.com/media/globalexecutive/books/mind_of_the_strategist_e_03.pdf
Complexity: Low
20-Directional Policy Matrix*
The directional policy matrix allows you to pick growth avenues based on market attractiveness and company strength. It has also been called the GE matrix, as GE uses this analysis in its strategy process. It can be run qualitatively or quantitatively, depending on the learning style of your executives.
21-BCG Matrix
Frankly, I hesitated to include this analysis here. The BCG matrix is a framework to help decision making on existing product lines. Developed in the 1980s, it has been used to evaluate how a company should think about its portfolio based on two criteria: the relative market share of a product and the market growth rate. I won’t spend too much time on it as it often leads to erroneous decisions (niche strategies do not fit very well in here).
More on Wikipedia http://de.wikipedia.org/wiki/BCG-Matrix
Complexity: Low
22-Ansoff Growth Strategy Matrix
The Ansoff Matrix (first published by the Harvard Business Review in 1957) is sometimes called the Product/Market Expansion Grid. It shows four growth options for business formed by matching up existing and new products and services with existing and new markets.
More: quick summary here http://www.timeanalyzer.com/lib/ansoff.htm
Complexity: Low
23-Strategy diamond
The framework (developed by Donald Hambrick and James Frederickson) puts the economic logic at the center of the analysis. Four dimensions are analyzed: Arenas, Vehicles, Differentiators, Staging and Economic logic. Strategy is about making important choices, and the real power of a Strategy Diamond is that it integrates important choices into a bigger picture instead of as a piecemeal approach.

24-Familiarity Matrix
Its two axes—familiarity with market factors and technology or service—are both divided into new familiar and new unfamiliar. The market dimension refers to the amount of knowledge possessed by the diversifying company of various characteristics of the market and the competitors within it. Newness of a market is the extent to which the company has previously targeted it.
25-Core competence analysis
An organization's core competencies are its strategically important capabilities that are central to fulfilling its mission and providing an advantage in the marketplace. Core competencies are difficult for competitors to imitate, and they provide companies with a sustainable competitive advantage. This analysis often forms the first step into the Staircases to growth analysis.

Financial analysis ( for the non financial specialist)

26-ROCE Tree*
The ROCE Tree is a simple method to compare players in an industry and understand structural differences in performance. I like it allows you to simply present on a one-pager insights from both the balance sheet and income statement, and relate these to shareholder value. This is a great analysis for non-financial professionals to master.
27-Cost structure comparison / Value chain analysis
When no information is available on the competitors’ costs, this analysis provides a structured approach to identify and calculate differences. It is helpful when one has no access to the actual competitor cost information (which is always the case), and allows an alternative analysis method. As you can imagine, there are not many companies advertising about how they do the analysis. This is one of the most powerful analysis tools I know—it helps anticipate product margins, bidding prices and sustainability of pricing strategy.
28-Monte Carlo simulation
Forecasting or predictive analytics can best be described as statistic modeling enabling prediction of future events or results, using present and past information and data.

Competitor's Management Team Profiling

29-Myers Briggs' psychological profile* of competitor’s management team
Used in alliances, acquisitions or for competitors, a powerful tool to understand leadership differences and anticipate reaction to industry events.
More: http://www.myersbriggs.org/
Complexity: Medium
30-Power Structure
This is a model to look at a company from the outside and understand who the decision makers and those in situation of power. This is an extremely useful analysis for any analyst supporting a proposal and bid team, or working with sales.
More:   “Web-based Analysis for Competitive Intelligence” by Conor Vibert. An example here.
Complexity: Medium

Future Trends' Analysis

31-Alien Eye Analysis*
The futurist Edie Weiner suggests there might be only two kinds of intelligent life forms that do not suffer from educated incapacity: aliens from other planets and children. This analysis allows a management team to look at its existing company, products, and industry with a drastically new vision, allowing it to avoid blind spots. New realities emerge when looking at analysis with an unbiased view.
32-Scenario Planning*
This analysis, spearheaded by Shell in the 1970s following the company’s inability to forecast future oil prices, allows a company to look at possible futures, develop a system to flag events, and prepare alternative action plans. There is abundant literature on the subject, so the sources below are just a starting point.
More: by Harvard
An example at Shell .
The Monfleur Scenarios ( South Africa) http://www.gbn.com/articles/pdfs/gbn_montfleur%20scenarios.pdf
Amazing work done by the team at DPDHL on the future of the logistics industry.
Complexity: Medium
33-Trend mapping
I include here tools that help map large amounts of information to identify trends and patterns.
More: there are so many resources online, that choosing has been a challenge. I like the light tutorial on how to analyze trends in Excel , an example of three data visualisation tools about macro-economic data here and the list of visualization tools here.
Complexity: High
34-Assessing uncertainty
A McKinsey framework of four levels of uncertainty can be helpful to select the right set of strategic tools.
35- Precursor analysis:
This term comes from the chemical industry and describes the analysis of weak signals that might have led to an incident. The same methodology has been used sparingly by competitive intelligence analysis to pre-empt competitors’ moves: “In the aftermath of catastrophes, it is common to find prior indicators, missed signals, and dismissed alerts that, had they been recognized and appropriately...”

Competitive Strategy Exploration

36-Blue Ocean Strategy*
When competition gets intense, companies need to break out of fierce bloody competition and create uncontested market spaces. This process helps identify untapped market opportunities.
Source: Blue Ocean Strategy
37-Business Model Generation*
The excellent work by Alex Oesterwalder opens the door to companies that need to rethink their business model. It offers a practical step-by-step process to find new ways to create value and analyze a company’s current model.

38-3-C framework
Together, the strategic three Cs form the marketing strategy triangle, matching between the Company, (current and potential strengths and weaknesses), Customers (served and not served), and Competitors (current and prospective) needs to be considered.
More: Duke's introduction is quite thorough.
Complexity: Medium
39-Three value disciplines
Treacy and Wiersema propose a set of three value disciplines similar to Porter’s generic strategies. The three strategies are Operational Excellence, Customer Intimacy, and Product Leadership.
40-Innovation Ambition Matrix
The Innovation Ambition Matrix is a variant of another 2×2 growth framework, comparing the axes of where to compete (existing vs. new markets) and how to compete (existing vs. new capabilities).                                                                                                                          
41-Strategic Blindspots*
One of the most difficult habits to develop in learning to drive a car is to beware of blind spots that area along the periphery of the car where we cannot see what’s happening. Despite the rear-view and side mirrors, there remains an annoying small area where passing vehicles or pedestrians cannot be seen. If you neglect your blind spots when changing lanes or turning, you put yourself and your car in jeopardy. A strategic blind spot analysis will help you identify if your management team is prone to such blind spots, and how to correct this.
More: An article I wrote on these for the Institute of Internal Auditors: http://www.theiia.org/intAuditor/in-the-profession/2013/pay-attention-to-the-blind-spots/ . More here http://tejas.iimb.ac.in/articles/67.php
Complexity: High
42-Strategic Chessboard
AT Kearney proposes four distinct strategic approaches using these two dimensions—predictability and a company's ability to shape or adapt to its industry.

Predicting Competitors’ Future Strategy

43-Porter’s Four corners
The Four Corners Model to help organizations analyze their competitors' positions, and predict their future courses of action.
44-ValuePerform analysis
The ValuePerform Analysis generates a set of spider webs showing:
  • Importance: How well are your priorities aligned with your strategy?
  • Perfomance: How well are you actually performing on the critical issues?
  • Potential: Identification of those areas where you MUST improve to    execute your strategy successfully?

45-War gaming
This is a process to anticipate competitors’ likely moves by getting your executive team to play out various scenarios and responses as if they were the competitors themselves, responding to one of their strategic moves.
46- Game theory
Often defined as “the study of mathematical models of conflict and cooperation between intelligent rational decision-makers,” game theory can provide a path of analysis to anticipate a competitor’s future moves. The approach involves distilling all possible analyses of a rival’s response to a particular strategic move into a sequential consideration of three questions:
  • Will the competitor react at all?
  • What options will the competitor actively consider?
  • Which option will the competitor most likely choose?
More: McKinsey (pdf)
Complexity: High

Which analysis are you running that is not on that list ?

https://www.evernote.com/shard/s36/sh/3ed4a4d3-3a35-4530-b4d2-8e2f0f7c38cd/1e9d0a75166f20ede9e16622f0147bf5
Enviar esta postagem
Marcadores:

Comentários

Postar um comentário

Ebook

Postagens mais visitadas