Academy of MARKET INTELLIGENCE (AMI, http://www.mkintel.org/) Monthly Brief

 

aUTHORED BY dR. tOM gROOMS

 

August 2002

 

No. 008

 

"Time for CEOs to Get a Firm Grip"               

 

Production, and not consumption, is the key to new wealth. And new production comes from investment, not consumption. Within a small but growing number of companies, all the scattered and often unconnected intelligence-type activities already under way now are being pulled together into tightly organized and coordinated corporate units. And at a few trend-setting companies here in the United States, as well as in Europe and Asia, executives are actually working to install custom-designed business intelligence systems or to expand embryonic systems already in operation. This takes investment and commitment, specifically from the CEO.

 

The cutting-edge of intelligence management systems, market intelligence, lay waiting for discovery by an unsuspecting CEO who is unaware that many of their vulnerabilities may be shielded. It is this new effort within the corporate community to acquire, organize, and coordinate the diverse elements of intelligence that is turning a group of related but previously separate activities into a whole new – and incredibly powerful – business management tool, a CEO tool.

 

In short, intelligence is big stuff, the stuff that market intelligence is made of. So it is high time to erase the popular but wrongheaded images of intelligence and draw an accurate picture. It is time the CEO gets a firm grip on what market intelligence really is, how it is distinguished from all other types and forms of intelligence, why its use has become so important and so vital, and above all, how an intelligence outfit – a government calls it a service and a corporation calls it a system, but it is the same thing – really works.

 

 

 

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