Competitive Technological Intelligence is specializes in scientific and technological task and it includes various operation, such as information mining, analysis and integration, thus enabling informational mapping to generate information intelligence reports. Patents are good source of technology and competitive information and could be used for better actionable intelligence from text mining. A patent document consists of core information concerning a particular invention in a technology domain and the key elements.
Now the organization has to have an Information Technology Landscape plan, based on its current and future business landscape. There can be phase implementation of the Information Technology landscape plan. If we wanted to make it simple, we could say that the fixable causes of competitive technology strategy blindness might be due to lack of attention, or might result from time and money saving decisions made at some point.
In addition, most succession planning looks at developing individuals that are exceptional operational thinkers, not strategic thinkers. In particular, CEO's should be the embodiment of their organization’s vision and strategic direction. To align with top management's top two goals of Execution Excellence and Consistency with Strategy, certain words should not be used in promoting an innovation initiative.
It is the organization’s ability to use “purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation. The CEO has set a stretch goal for the percentage of R&D ideas to be sourced from outside the company, and has funded the business to be able to meet this goal. Solution finding, one of the most successful forms of innovation, is the result of utilising existing knowledge in new areas.
Various studies show that technologies companies that actively scan the global landscape for competitive technical intelligence generate significantly higher growth rates and profitability. Competitive intelligence is necessary in order to be successful in a competitive market and to stand out of the crowd. The most significant developments in the field of competitive intelligence since the emergence of the Internet go beyond convenient access to cataloged data.
The success or failure of an organization in today’s highly competitive and technological business world depends on how they manage to streamline the flow of information between their departments and outside world. It turns out that blindness is largely built in to any “expert” scoping process — due to inherent under-scoping biases of the human mind.
Innovation has now become the life for business model. To make this dynamic change required looking at innovation from a different paradigm. This change cascaded through the business not only in products and services, but in its operating systems as well. It is the organization’s ability to use “purposive inflows and outflows of knowledge to accelerate internal innovation.
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