marketing

Intelligence Development Processes A good intelligence system is more than information. It is a recurring cycle of linking the needs of decision makers to the processes of turning the information into actionable intelligence. The Intelligence Cycle This requires human interpretation, communicating and sharing of information and perspectives between internal and external experts. Computer Systems A comprehensive MkIS will combine many of the features of decision support systems, EIS, online databases and library systems. It is therefore likely to include many of the following: * For gathering information: CD-ROMs, online data-base access, data feeds, email, Internet access, filters, intelligent agents etc. * For storage and retrieval:Database/document management facilities, text retrieval, search engines, intelligent agents * For processing and analysis: modelling and visualisation software, groupware, group decision support systems (GDSS) An Organizational Focus Although many professionals do much of their own information gathering and analysis, there still needs to be a clear focal point of MkIS responsibility. This may be a named individual or a small group who have the distinctive skills needed (such as those promulgated by SCIP - the Society for Competitor Intelligence Professionals). Its role is to ensure a cohesive approach and effective interdepartmental co-ordination. Developing an MkIS MkIS in most organisations evolves through several phases: 1. Ad-Hoc. Individuals collect their own information. This phase culminates when management recognises the need to focus resources. 2. Establishment of a specialist unit. 3. Introduction of computer based solutions. 4. Evolution into a full global electronic network. 5. Recognition of information as a corporate asset with appropriate information resource management (IRM) policies and procedures. 6. When appropriate, treating the resultant intelligence as a tradable commodity, to be shared with partners or sold externally. Most organisations today are at stages 2-3. Typical Applications * Strategic Analysis & Scenario Planning o Environment Forecasting o Acquisition targets o Location of new plants o Supplier evaluation * Marketing Planning o Industry analysis o Competitor analysis o New product introductions o Product portfolio o Pricing * Sales & Marketing o Sales cycle management (targetting etc) o Database marketing o Sales forecasting o Promotion campaign assessment 10 Steps to Success 1. Define the Customers. Always a good place to start! For MkIS there are usually three distinct groups of customers who will need different solutions: * Field Personnel e.g. sales and service - their needs are immediate and specific: "I want the price of product X for competitor Y ... and I want it yesterday!" * Marketers and planners - more strategic but focused; market and product trends to develop marketing plans and adjust the mix - pricing, packaging promotion etc. * Board level management - strategic and broad: general industry and market developments that affect investment and other strategic decisions. 2. Understand Needs A common starting point is an information audit a detailed analysis of information entities - their origins, uses, and formats. However, we would advocate a less onerous and more focused approach - the study of your customers' work and decisions, using structured interviews (taped if possible), focus groups etc. 3. Map Needs against Decisions & Sources This will list information originators and users, sources required and decision supported. It will also identify high pay-off opportunities, for example where certain information has multiple uses. 4. Implement a Sourcing Strategy The source/needs map from step 3 will point to clusters of information needs that can give economies in purchasing. For example, purchasing a networked CD-ROM may be more cost-effective than doing multiple ad-hoc online searches. 5. Define Information Policies & Standards Steps 1-4 will reveal, often to many people for the first time, the sheer wealth of information that is available. This step therefore involves classification standards, ownership, life-cycle management standards and agreed 'protocols and procedures' between owners and users. 6. Select a Pilot Project. This is to create a 'quick win' to demonstrate the power of an MkIS. Select a key decision process that involves people across several departments. Pricing can be a good one. It is something that needs to be reviewed regularly and has direct bottom line impact - a 1% price change flows straight to the bottom line and can equate to more than a 10% change in sales. The careful selection of a pilot cannot be overestimated. Pick the wrong one, and it be difficult to regain credibility. 7. Select & Adapt Appropriate Technology With the selected pilot project acting as a focal point, now is the time to start detailed consideration of the computer solution. The choices are bewildering, and are proliferating daily. Therefore, selecting the right solution may need the involvement (or even the approval) of your MIS department - but make sure they are well-tuned into end-user computing styles (as opposed to the "we'll give users access to the Internet over my dead body" brigade - exact words recently relayed to me by an MIS manager). 8. Nurture the Intelligence Processes This requires encouraging interaction across departmental boundaries and sub-cultures. Therefore, the creation of events and forums to encourage this interchange is often a useful starting point. Advanced MkIS users extend their systems access to business partners and external experts as part of this process. 9. Focus Dissemination Intelligence on the shelf - or buried in a computer - is of little use to anyone. It needs to reach those in decision making situations. This can be in the form of regular dissemination, an alerting service or responding to an ad-hoc requests to the intelligence base. Many MkIS departments issue weekly or monthly bulletins of key developments. These should be short and focused. They give company relevant and specific information that no external newsletter, with its generic coverage, can provide. 10. Market the Capability Good MkIS managers create two way interaction with their clients. Use all the techniques of marketing to reach your internal audience and consider carefully the incentives you can offer to encourage the regular inflow of useful information. After all the best intelligence is already probably lying somewhere within your own organisation. It comes from contacts made between employees and the outside world - marketing people at exhibitions, business managers at professional meetings, and perhaps, most important of all - salespeople on customer visits etc.