Posts Tagged 'rss feeds'

Competitive Intelligence – Think Big, Start Small (III)

The previous posts had a bit of an open end, for which I apologize. So by popular demand, in this post I will reveal what happened to my restaurant after I started practitioning CI. Did I manage to turn the Thursday evening into a profitable night, inspired by my competitor but without losing my identity? And what else did it bring me to reward my invested time? Also, I pointed out that you don’t necessarily need fancy tools to support a CI system at this maturity level. I will show you what I accomplished with little or no investment in tooling, creating a system to support my activities.

Competitive Intelligence – Think Big, Start Small (II)

In the previous post we investigated whether or not I should consider practitioning Competitive Intelligence in my restaurant ‘Chez Jérôme’. We designed a partial action plan based on my strategic goals and based upon that, I decided that it was most definitely useful to invest some time and effort (and scarce means) in CI. In this post I will focus on the next steps, now that we decided to go through with our Competitive Intelligence ventures. I will also address some tools that you can use to support your process, which are by the way not Competitive Intelligence tools because that is too big an investment for the size of my restaurant (see my post “The Synergy between Competitive Intelligence and Social Media” for my definition of competitive intelligence tools).

Article: Competitive Intelligence: Your sales teams need to know what they are up against

bruceabrienThis article by Bruce A. Brien, author of The Stratascope Sales Enablement Blog gives basic but helpful tips, for people who are just starting to discover Competitive Intelligence, on how to set up a system to monitor their competitors. Basically he categorizes three ways to collect information on each of your competitors:

  • Their website: the website will not only display their services, products and solutions offerings. It will also most likely be used to broadcast their success stories.
  • Social media: Brien recommends following your competitors on Twitter, Facebook, blogs, et cetera.
  • RSS feeds: set up RSS feeds based on searches about your competitors and one or two keywords, such as issue.