Implementation of Market Intelligence Units
Every business process, tool or structure can only deliver benefits and value when properly implemented.
Market & competitive intelligence processes and tools are no different and thus a great deal of resource and effort is to be allocated to the preparation and the actual process of implementation or application.
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Success Factors of the Market Intelligence Unit
Successful implementation of intelligence units or tools depends on a series of factors that need to be considered crucial to implementation. Timely planning, transparency, involvement and commitment are key success factors to implement market and competitive intelligence.
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Balancing Internal Differences
Overwhelming the less advanced intelligence stakeholders or the colleagues with heavy capacity constraints can be as dangerous as lacking speed and progress potential and challange to dedicated staff.
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Market Intelligence User Identification
Top of the stakeholders of any market intelligence unit, process or program are always the intelligence users. Marketers and sales staff who use market intelligence, competitive intelligence, business information, data and competitor profiles, studies and market reports to excel in their marketing and sales roles; these are the decision makers, the users that will eventually nurture or destroy an intelligence setup.
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Intelligence Requirement Gathering
Any business goal should be defined to satisfy real requirements. Internal stakeholders or users, clients, customers of any service, tool or process such as market and competitive intelligence have requirements of their own as it comes to dealing with their own targets and tasks.
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Competitive Intelligence Gap Analysis
Comparing real market and competitive intelligence user requirements with the status quo of any operation or organization should provide a clear picture of the gaps that need to be filled. As intelligence needs change as rapidly and as surprisingly as the markets and industries do, a gap analysis should be conducted frequently.
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Intelligence Sourcing Strategy
Any intelligence delivery and content can only be as good as its sources. Outdated information or invalid intelligence content can not only harm the entire intelligence effort but even damage business value as these intelligence glitches might lead to misinterpretation and thus wrong decisions.
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Intelligence Policies, Standards
There is a fundamental difference in behavior of marketing managers and sales staff. Marketers are commonly used to be guided by programs, projects and processes that support their planning and strategic tasks. Sales staffers on the other hand, and rightfully so, tend to avoid tight structures and guidelines in order to remain flexible and creative in service of their customers.
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Piloting of Intelligence Systems & Depositories
Any process or system that is supposed to significantly influence the way of conducting business is poised to interrupt this very business function or activity if not working properly. So, for both, processes and systems a test run, or pilot in a smaller version and business environment would indicate readiness for total roll-out.
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Market Intelligence Tools & Process Roll-Out
Ready to roll-out, the intelligence program implementation or any major upgrade of the market and competition intelligence effort takes the biggest and steepest hurdle of them all: acceptance in use! The slicker, the easier and the more efficient the roll-out, the bigger the chance for final acceptance.
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Project Tools
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Promotion of Intelligence Systems
Market and competitive intelligence tools and processes are products with a user group, mostly internal such as marketers and sales staffers. An internal user group, aka customers, needs to be made aware of this product or service through proper promotion as much as sellable products would be promoted in any external market place.

