Every company in India monitors competition using either Passive Intelligence and Semi Active intelligence and Human Intelligence
Ideally competitive intelligence is understood as competition analysis.
Competitive Intelligence is practiced in adhoc manner by most organizations in India :
Recorded data is monitored in Passive Intelligence:
- Annual reports
- Press releases
- Newspaper articles
- Analyst reports
- Regulatory reports
- Government reports
- Presentation / speeches
Observable data is monitored through Semi Active Intelligence and Active Intelligence:
- Pricing / pricing lists
- Advertising campaigns
- Patent applications
Opportunistic data is monitored through Semi Active Intelligence and Active Intelligence in the following manner:
- Meeting with suppliers
- Trade shows
- Sales force meetings
- Seminar / conferences
- Recruiting ex-employees of competitors
- Discussion with shared competitors
- Social contact with competitors
Scanning of the environment is done using credit reporting firms or market research firms or risk management firms or management consulting firms..
Barriers to entry are created by FICCI and CII which espouse Indian business interests.
FICCI membership has over 1500 corporates and over 500 chambers of commerce and business associations, FICCI espouses the shared vision of Indian businesses and speaks directly and indirectly for over 2,50,000 business units. They monitor the environment and help Indian businesses become competitive.
The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the growth of industry in India, partnering industry and government alike through advisory and consultative processes. CII is a non-government, not-for-profit, industry led and industry managed organisation, playing a proactive role in India’s development process. Founded over 114 years ago, it is India’s premier business association, with a direct membership of over 7800 organisations from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 90,000 companies from around 385 national and regional sectoral associations.
Information Warfare is on the rise in India.
Existence of Information Warfare – Class II
To make sure that the competitor will not be the first in the market with a new product, corporate espionage is on the rise and the need of the hour is to advocate Competitive Intelligence for legal and ethical collection of information.
Most companies understand the need for Corporate Social Responsibility (CSR) but because of the existence of counterfeit brands in the market, the Government needs to take more stringent actions.
Existence of Information Warfare – III level
It is common to see Class III Information Warfare taking place, where a competitor or vested interests may spread information real or fictious to De-Position a competitor and Re-Position their own brand.
Every organization in India has the eye on the ball. Everybody monitors competitors and undertakes consumer research either in house or it is outsourced through market research agencies or private detectives or private investigators or management consultants.
Insight is the weakness which Indian companies suffer from, Insight cannot be replaced by business intelligence software or artificial intelligence or industry experts or management consultants.
Shortfall is of people who can sift through Micro and the Macro picture and become true competitive intelligence experts.
Advisor, Corporate Risks