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Arik Johnson
When Planning a Competitive Intelligence Effort, think
“R-E-C-O-N”
Five Simple Rules of Engagement
to Turn Your Workforce into a Force to be Reckoned With
By Arik Johnson
The managerial discipline we know today as competitive intelligence, or
“CI”, arose in the U.S. during the 1980s from three trends confronting
managers: the combination of inefficient “Rust Belt” manufacturing
industries forced to confront the rise of low-cost Asian rivals; a U.S.
government intelligence community faced with a rapidly disappearing Cold
War era geopolitical competitor in the USSR; and the rise of strategic
planning as the dominant decision support ideology for operations
management and resource allocation.
In the generation of management thought since, business has transformed
the basis of competition from one where resources like capital and land
used proprietary processes to create and distribute competitively
differentiated products and services “at scale”, where size mattered a
great deal. Today the primary means of building successful, sustainable
competitive advantage is based on much smaller, “disruptive” startup
projects and investment bets, driven either by entrepreneurs with
venture capital or spun out of established companies to compete in
adjacent markets. Indeed, it has become nearly impossible to survive
head-to-head competitive confrontations and win based on scale alone.
But great products are not enough anymore; competition is based on
developing innovative business models while engaging a skilled,
intellectual workforce to help power asymmetries in decision making.
Incumbent competitors tend to discount the future value of their
decisions with the short-term view of performance metrics that the
capital markets require to sustain their valuations. To make matters
worse, the flawed assumptions about historical core competencies, sunk
costs, customer segmentation and other forces have usually become
obsolete and cause decisions to be biased away from the facts rather
than in support of them. Management decision-making must be based
instead on a framework that interprets more objective, shared values and
culture that can help an enterprise order its priorities in ways that
will allow it to sustain itself and its value proposition for customers.
It is not the business that becomes obsolete to current customers but
management’s decisions and the competitive analysis that drives them in
supporting future actions.
These twin priories of innovation based on real customer value and the
need for greater intellectual engagement of the workforce are the new
driving forces for managers everywhere. First, let’s look at the
innovation side of the equation.
All businesses must deliver value to customers that, when compared with
competitive alternatives, create differentiation and relevance that
compels customers to prefer them. Over time these preferences change
based on competitive offerings that incrementally - sometimes radically
- alter the basis of that customer preference.
Think of your mobile phone. The one you have today is substantially
improved over the one you were using even a couple of years ago. The
industry was locked in mortal combat for a percent or two of market
share based on steady, sustaining improvements in their products to
compel customers to select them over competitive alternatives. The rules
that emerged in mobile handset innovation had become very well
established in the minds of the industry’s decision makers from top
management no down to front-line marketers and engineers; though experts
in their field, expertise that creates such rules-driven bias in one’s
decision-making logic actually equates to a kind of intellectual
disengagement on a cultural level. For a novice, the options are
endless, but for the expert the options are few. The very rules and
expertise that drove performance higher and higher in highly structured
competitive environments like the mobile phone industry are precisely
the circumstances a disruptive competitor is looking for to gain an edge
by challenging those rules.
In January of 2007, Apple introduced the breakthrough iPhone with its
radically different user experience, which challenged and changed the
definition of product performance for an entirely new market of mobile
phone and computing consumers. Though launched as a premium product,
nearly two years later, the iPhone has become the Swiss-army knife of
consumer electronics – the one device consumers desire as a way to save
money, time and complexity in acquiring more specialized devices like a
digital media player, camera, game console, mobile phone and laptop.
Incumbent competitors had tried in vain to do the same for years, but
were unable to decouple their decisions in terms of how to do it from
the motivations and strengths of their current businesses. Apple saw an
opportunity to disrupt a sedate industry by developing a breakthrough
product that would change, not only the value definition in the minds of
the most desirable customers, but the create a new business model that
would prove particular difficult to imitate. Though Apple introduced the
iPhone in 2007 the company has continued to make the device better and
better until…. Well, skeptics like me even go out and buy one. Most
importantly Apple has created new market value for nonconsumers: the
iPhone’s fastest growing market is not the affluent, tech savvy urban
professional, but the mid-level consumer who wants to replace their
entertainment device, laptop, digital camera and current mobile handset
with a single device that does it all at a price ($199 - $299) below
that of any one of its lesser components. This “mainstream” market value
is all-important to business model sustainability and the innovations
represented by the iPhone are necessarily unique to Apple – they are far
more empirical than that. Steve Jobs saw that there was a consumer need
unarticulated even by consumers and developed the product they would
prefer before somebody else did…. and realized that somebody else could
have. Apple’s framework for decision-making is superior to its
competitors; and that means its competitive intelligence must be
superior as well.
Now, CI can’t promise to transform your company into the next Apple, but
we have developed a simple list of priorities that managers can use with
their employees to help them intellectually engage more fully and
contribute to the visibility of competitive changes in your market
environment. We call it “R-E-C-O-N” and it stands for five simple yet
comprehensive dimensions of competitive intelligence topic monitoring:
Risk, Efficiency, Customers, Outlook and Novelty.
Here is a short explanation of each of these five RECON topics and why
it is important for everyone in the firm to be a part of the virtual CI
apparatus:
1. Risk: Former General Electric CEO Jack Welch once said, "You can't
grow long-term if you can't eat short-term. Anybody can manage short.
Anybody can manage long. Balancing those two things is what management
is." In other words, making your numbers from quarter to quarter is the
responsibility of management in order to sustain whatever growth or
innovation strategy the company has chosen in market that are not yet
paying off. Ensuring against risk to the core business is critical to
making sure there is time for investments in new growth to start paying
off. In fact, maintaining a positive status quo by protecting the core
is the chief role for managers in every business, with one caveat: good
businesses can often be the foremost enemy of great businesses. While
operating staff must concentrate on sustaining the business you’re in
today, leadership must help to focus on the niches of growth that could
in the long run threaten to cannibalize that demand base in the long
run.
2. Efficiency: Over time, the assets and processes that once
differentiated a firm and made it competitive can become a drag on the
operational efficiency the company must create to maximize
profitability. In fact, new market innovation is focused on creating new
value for customers they did not realize they needed (and could not have
articulated if asked) almost always at a cost less than the current
solution. Note: the cost is less, not necessarily the price. Price, in
fact, is a feature that customers in many markets will often find
compelling only when high enough. Therein lies the profit advantage for
the firm for growth by new market innovation: the ability to offer new,
unarticulated value to customers at a much lower cost that incumbent
offerings with a price that is the same, more or less, than that of
existing alternative products or services. The “double whammy” of new
value befuddles would-be competitors even while it produces far greater
profits for the firm. The value chain across which inputs are
transformed into solutions for customers are the secret; the ruthless
cutting away of redundancies or unnecessary costs is essential for this
kind of “Blue Ocean” strategy to work. Create or build up that which is
not yet good enough and diminish or destroy that which is unnecessary.
The good news is, most of these elements in the incumbent value chain
are vestigial and have long-since outlived their usefulness or were
never very important to customers in the first place, relative to other
dimensions of product performance.
3. Customers: There is a tendency for companies to become too dependent
on their best customers’ input for signals about how they should
innovate. This is not to say customers cannot tell you what else they
see in the marketplace that might present a compelling value alternative
that has drawn their attention. In fact, new forms of competition
usually present themselves with very specific indicators at the current
consumption market. To illustrate, the day your customers begin
complaining about how complicated your product is or expensive it is to
afford or difficult it is to use, you should start wondering, “why was
it good enough for them only yesterday” and who has offered them an
alternative? It is often only because customers have been offered a
competitive comparison to evaluate your product against. Non-customers
are even more interesting to study because, for whatever reason, they
either find your offering irrelevant or are simply unaware of its value;
the upside of this of course is that competing with nonconsumption will
be the easiest competitor you will ever face.
4. Outlook: Truly breakthrough ideas come from better understanding
technology development, trend development, and devising potential
solutions to problems customers experience, independent of their ability
to articulate those needs. But traditional market segmentation based on
such temporary definitions as demographic, geographic or sociographic
data are fleeting at best and illusory at worst. Indeed, many
“bet-the-ranch” decisions have been based on flawed definitions of the
fastest growing markets, so a valid market outlook that is flexible to
change is critical to success long term. Defining the market by the
“jobs” they wish to accomplish is more helpful in defining fast growing
target markets; think about the old adage that customers want a
quarter-inch hole, not a quarter-inch drill bit and you see what I mean
by this job-outcome defining performance for customers. Since it can
never be known whether or not an idea will be successful particularly
with new market innovation, focus groups are often the worst possible
mechanism of market testing; instead, innovators should create varieties
of prototypes and only involve customers in the evaluation process of
which is most suitable to their needs.. In this way, customers have
something to give feedback on, rather than the open-ended and often
deceiving discussion of unmet needs they might not be able to
articulate. Even then, if your idea is truly new, consumers may not
recognize all of its benefits immediately and require a measure of
“demand creation” to do so. Even so, a concentration on the market
outlook is a vital way to engage employees in the intelligence process.
5. Novelty: Differentiation is not a choice for companies that wish to
survive; it is a mandatory discipline that ever organization must
master. But truly “novel” solutions to customer problems are often more
complex ecosystems of providers working together to produce sought-after
value. Still, companies often decide that they cannot afford to develop
all of their innovative ideas and put in place processes that kill off
even novel ideas before they have a chance to get to market. An
alternative strategy is to build a business model designed to test
breakthroughs in the market more regularly and then kill off only those
that do not work early on, so support and development resources can be
allocated to those that do. Companies innovate for only one reason - to
outperform their peers, to create something that their competitors don’t
have from which they can gain economic benefits. The laws of evolution
produce lots of companies introducing lots of new innovations that look
like many random events. Those that meet or change consumer expectations
survive and those that don’t die off. In the end, the competitive
environment decides which products work and which do not.
We have entered the Era of Asymmetric Interpretation - also known as,
“Intelligence 2.0” - where our open source world of 24/7 access to news
makes all information transparent eventually. This is a marked contrast
with the first generation of competitive intelligence where advantage
was conveyed to the company able to create asymmetries of information,
which of course led to the ethics criticisms that have relegated CI to
obscurity as a first-tier management discipline as legal counsel
everywhere fret over whether employees will steal trade secrets of one
kind or another while playing 007. But ethics are no longer a problem
when a shared understanding that interpretation, not information,
conveys competitive advantage; if we all look at the same information
but see different things, that is the definition of intelligence in the
natural world. Let us hope it can become the same for business.
I hope this essay has helped convince you that, if you want to optimize
your CI capabilities to help with the dual priorities of innovation and
engagement, at your next staff meeting, you might ask your employees to
remember “RECON”. In the process you might just help transform your
workforce into a force to be reckoned with.
Arik Johnson is the Founder and Chairman of Aurora WDC, a global
competitive intelligence research, analysis, consulting, training and
systems firm. He is the Managing Director of Aurora's Center for Open
Reconnaissance (COR), a Fellow of the Society of Competitive
Intelligence Professionals (SCIP), a Trustee of the CI Foundation, and
speaks to worldwide business and academic audiences on subjects related
to intelligence, innovation, collaboration, governance and
decision-making. Arik writes about his ideas in essays on his company’s
website at www.AuroraWDC.com and can be reached at 715-720-1616 or by
email to arik.johnson@aurorawdc.com. Feel free to copy and route any
materials you might find useful and contact Aurora in general or Arik
directly with any questions.
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