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Home > Bookshelf > Strategy

Assessing competitive intelligence software: a guide to evaluating CI software 2004

Purchase options:
* £74.95 Amazon.co.uk

* $39.50 amazon.com

Details:
* ISBN: 1573871737

* Published by Information Today Inc.

* Written by France Bouthillier and Kathleen Shearer

* Book published September 2003

Other opinions:
* Review and customer comments at amazon.co.uk
 

Title:

Assessing competitive intelligence software: a guide to evaluating CI software 2004

Review:

The scope of Competitive Intelligence (CI) is far wider than just gathering information about the activities of competitors. An effective CI operation will instead encompass the skilful management of information about a range of factors that have an impact on business performance. It will also include informed analysis and exploitation of that information in productive decision-making and action. However, as the volume of information accessible to business has continued to increase, it has become more difficult for organisations to discern the valuable nuggets, let alone detect connections between them. Software packages for competitive intelligence seek to provide the solution, but how effective are they?

France Bouthillier and Kathleen Shearer explain these issues and address the above question in this practical combination of textbook and 'how-to' guide which is a very readable addition to the growing body of CI-related literature. Its appeal lies in its ability to inform and educate not only on the evaluation of competitive intelligence (CI) software, but also on the underlying principles and processes that transform information into intelligence. It will be of value to anyone with an interest in the improvement of business competitiveness, whether SME owner/manager, information professional, lecturer or student; CI software designers too will find insight within.

Whilst many conceptual models of CI exist, the authors of this book demonstrate -- via a strong literature review -- how the competitive intelligence function is the result of sound information management combined with smart analysis. This commonsense application of information management processes to the CI cycle distinguishes Bouthillier and Shearer's conceptual model from others. Crucially, it identifies the role of CI software as being more than a tool to save time and money, but more importantly to add value to basic information to make it actionable, i.e. prepared for use in effective decision- making.

From this credible foundation, the authors go on to develop a readily accessible and logical method for evaluating CI software, with 32 related criteria. The result is a practical checklist for anyone involved in the process of evaluating software for CI. A discussion of the evolution of the CI software market follows, before the application of the criteria to today's leading software applications. This enables in-depth discussions of the strengths and weaknesses of each package, although the authors stress that they do not attempt to make recommendations, rather they seek practical application of their assessment criteria.

The products to which the evaluation criteria are applied in this book will develop and change. The real strength of this book lies in its definition of practical criteria for evaluating CI software, which will remain valuable for years to come.

Free Pint Reviewer:

Dr Derek Stephens' teaching and research interests at the Department of Information Science, Loughborough University, include competitive intelligence and marketing for information professionals. He is Project Director for the FDTL5 project to enhance the provision of 'skills-based' teaching materials, which focus on the vocational skills needed for the workplace and complement the academic elements of the degree.

Dr Stephens has been a manager in a Fortune 500 oil and gas exploration company in Canada and was previously the Executive Director of the Atlantic Publishing Association.

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