What Is Competitive Intelligence? What Are Some of the Ways

question 75

Essay

What is competitive intelligence? What are some of the ways that a firm can ethically obtain information about its competitors?

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Definitions:

Internal Factors

Elements within an organization that can influence its operation such as company culture, employee skills, and internal processes.

External Factors

Outside influences or conditions that can affect the performance and strategies of a business, beyond its direct control.

Psychological Contract

The unwritten expectations and assumptions between employees and employers regarding the nature of their work relationship.

Contributions

The act of giving or adding to something larger, such as ideas, work, or resources, to achieve a common goal.