Use competitive intelligence to assess threat scenarios and to boost profits
Hello and welcome to the Atranslationace.com Radio Blog, Episode 8 – 5 Sources of Competitive Intelligence.
I’m Professor Winn – a certified English instructor, and certified translator from Spanish, Portuguese, and French to English for more than 10 years.
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Download the Show Notes at: atranslationace.com/ep008a.
Now let’s get started with Episode 8 – 5 Sources of Competitive Intelligence.
In a previous (audio) blog post, you learned about how Business Intelligence and Translation combine help your company maximize profits.
Business or competitive intelligence for international corporations cannot be overemphasized.
The Knowledge Economy rewards those who grasp the dynamics of the strategic information widely available in global markets.
Companies engaged in the interdependent global economy operate in a risk-filled environment.
Thus, firms need competitive intelligence to make better decisions and avoid the so-called “black swan” scenario to avoid strategic surprise and boost profits.
Get the foreknowledge about events in your destination markets to boost your company’s profits.
The combination of gathering strategic information via certified translation provides firms a competitive advantage over industry rivals and promotes the creation of “blue ocean” market spaces.
The 5 sources of Competitive Intelligence are:
Each is a macroeconomic change driver on a global scale and can potentially impact a company’s bottom line.
Below each source is examined to provide better clarity in order to improve business performance through increased knowledge for better decision-making. [Read more…]