ECONOMIC COMPETIVENESS THROUGH INTELLIGENCE CONTRIBUTION Cover Image

ECONOMIC COMPETIVENESS THROUGH INTELLIGENCE CONTRIBUTION
ECONOMIC COMPETIVENESS THROUGH INTELLIGENCE CONTRIBUTION

Author(s): Valeriu Ivan
Subject(s): Economy
Published by: Risoprint
Keywords: Economic policy; competitive intelligence; business intelligence; early warning; competitiveness

Summary/Abstract: Efficient organizations are aware of the fact that, in order to be competitive, they must be capable of anticipating changes within their scope or within the general context of economy. Moreover, they are also aware of the fact that, in order to obtain competitive advantage, a plan is required for turning data and information into intelligence products – analyses, summaries, assessments – forming the basis of the decision-making process under low uncertainty conditions. By facilitating the avoidance of unforeseen events through early warning and the management of risks and opportunities generated by the dynamics of the business environment, the abovementioned practices and instruments allow operation on the market, instead of reaction, as a player who is aware of the rules of the game, of its own capacities, and of its competitors’ capacities. By using such practices at a government level, it is less likely for economy to be “taken by surprise” by the external waves of economic crises.

  • Issue Year: 2012
  • Issue No: 3
  • Page Range: 200-205
  • Page Count: 6
  • Language: English