What is competitive intelligence and why do I need it?

Competitive Intelligence is the art of developing multiple internal and external sources of information, analyzing that information and extracting insights about your competitors and your markets. That intelligence can increase revenue generation, drive product innovation and assist in formulating corporate strategy.

The four questions good Competitive Intelligence must answer.

01

The What

What's happening in the market? What's happening with my competitors?

03

Now What?

What do we say/show/do in response?

02

So What?

What does it mean to my business, company or industry?

04

What's Next?

What can we anticipate in the future and how will we respond?

With Competitive Intelligence, you can develop a strategy that not only provides a defense against competitor attacks but also de-positions them:

The Offensive Approach

Showcase your strengths to differentiate your company from the competition. De-position the competitor by highlighting their weaknesses.

Prepare to Defend

Own your weaknesses and know where your competitor is better. Craft messaging that turns conversations away from your weaknesses and back into your unique value proposition. Identify possible scenarios for market disruption and develop a game plan to respond.

Stay ahead of the curve

Don't be blindsided by the competition!

Competitive Intelligence support from Berry Insights allows you to outpace the competition without overextending your team or budget.