An untapped goldmine of competitive intelligence
Thursday, July 31st, 2008When completing a competitive analysis, the first thing everyone always wants to know is how the products stack up ala Consumer Reports.
Even if you are lucky enough to find an RFP response in the back of a cab, they are typically useless since most everyone answers “yes” to each question for fear of getting tossed out in the first down selection round.
Unfortunately, when it comes to collecting competitive intelligence most organizations are not creative in who they gather primary intelligence from and do not end up with all the information that is available. Many organizations collect intelligence from sales reps, pre-sales consultants, and outside analysts. Some even go so far to conduct win/loss studies. But that is not enough.
So the question becomes: who has the best product info? The real info.
Sales and Pre Sales Teams hear about things during various sales campaigns, but the competition typically only tells prospects about the shiny parts of their system, and “gets back to them later” on anything that would generate a “no” type answer.
Outside analysts do not often use the products they review on a daily basis. They are regularly briefed by vendors and may make some calls into their customer base, but they may not have the detailed info that you crave.
The greatest, largely untapped resource of product information is from the humble folks that have the pleasure of implementing the solution. These tireless souls get to know the product in a much deeper fashion than would ever be covered during a demo. They know all the holes, who is happy and sad, and best yet: they love to eat free lunches and talk.
Many software companies have moved to a partner model for implementations. This makes finding people willing to talk easier than ever. Since third party implementation companies often handle multiple product lines, they can be a rich source of intelligence.
Of course you may have some implementation folks that are very experienced in your competitor’s product already on your payroll. I would bet that one of the reasons they were hired was for their “industry experience” which is code for they worked for your competitor at one time.
Unless your HR department is still using black filing cabinets for an HR system, they probably have a record of who-worked-where before joining you organization. Happy hunting.









