Raising the Profile of the MI Function

Senior management
support is the single most important prerequisite for creating and nurturing a
corporate “intelligence culture”, according to every global market intelligence
survey conducted by GIA to date. Without
management involvement, investments in business information management can
never pay off in full.
What can market intelligence directors
and managers do to foster mutual respect and support internally?
We ask Joost Drieman, Director, Market
and Business Intelligence European Markets, Cisco Systems, Inc. for some
practical tips. Drieman oversees a team of over 20 market intelligence
specialists at Cisco that monitors and analyzes the market and the company’s
competitive position by segment, region and technology: from mega trends to
customer satisfaction.
Has the intelligence culture at Cisco Systems
Europe changed over the years? If so, how has it developed?
“Yes, it certainly has evolved, and is
still evolving. Change hasn’t happened overnight. The process started over a
year ago - a shift in mindset always takes time.
I believe that to cultivate an
“intelligence culture” means to first evaluate how we, as market intelligence
experts, are doing in our roles. How often in the past we have produced slide
decks that ended up “on the shelf” or that were under utilized? Why did it
happen? Was it due to its size, format or style? Often, it all boils down to
one thing: consultancy skills.
At Cisco, we are now actively
encouraging a culture of ‘internal advisory’ within our market intelligence
team. We sent the team to internal consultants team training, in order to
ensure that they ask the right questions and provide the right answers in the
right format. The training focused on changing our own behavior first.
The market intelligence function used
to be viewed as simply a source of data, and that was it. We have changed the
perception of the function by changing our own behavior. We are not simply
data-crunchers. We ask people how they will use the market intelligence and for
what purpose. We suggest what other information may be useful and (proactively)
make recommendations.
Today, we are getting more involved
with the business issues and get more requests for value added information,
such as what are the do’s and don'ts, the risks, the full landscape etc..
But as you say in the game of golf, we
are still working on our handicap!”
Please
tell us about some behavioral changes that market intelligence practitioners
need to consider.
“I have several metaphors and each is
useful, depending on the situation. There are many but my favorites are the
Weather Forecast Presenter, the Taxi Driver and the Doctor.
The Weather Forecast Presenter needs
to get to the point, while for the Taxi Driver there are two options: execute
or ask more probing questions. The key skill here is the ability to look out
for cues other that what is being said to you directly.
The case for the Doctor is quite straightforward.
Doctors will tell us what could be wrong with our health, based on lab tests
and analysis, and then they recommend a plan of action. Doctors don't force
their decisions on us. They can’t force anyone to stop smoking or drinking for
instance, but they make validated and informed recommendations. In market
intelligence, we have the tendency to see ourselves as “laboratory technicians”
that just do the analysis. But more and more, people ask “so, what should I do
now?”. We need to go beyond the findings and analysis and take on more of a
“Doctor” role. Do it well, and you will be the “family doctor” for the rest of
your life”.
Please
help to elaborate on the difference between the “Weather Forecast Presenter”
and the “Taxi Driver”.
“The goal of market intelligence is to
create a clear view of all the aspects of the market by thorough research and
analysis and to have an impact on the business: its vision, mission, strategy,
planning, operations and decision-making.
This means that at times, we need to
listen carefully to the questions being asked and try to answer directly to the
point. That’s what good Weather Forecasters do.
At other times, it means that we need
to take the initiative to ask questions and probe further, despite any initial
resistance from our internal stakeholders. That’s where the knowledge and
initiative of a friendly Taxi Driver can come in very useful.
Imagine you are planning a large
summer barbecue party this coming Saturday. You want to know one other
important point: what is the weather forecast? Will it be sunny and warm or
rainy and cold?
The typical approach by a market
intelligence professional will be like this: He shows a map of your country or region and says: “There is a high
pressure area in the north, blowing eastwards with a speed of 18 knots. Current
temperature there is 23 Celsius. Slightly west of that is a rain zone that will
move further west at a speed of 23 knots. This rain-zone is impacted by the
low-pressure area which moving to the north etc. etc.”. By which time, the
market intelligence manager would have lost your attention and interest!
The question being asked, “Will there
be rain or sunshine?”. It is a binary question, and the answer is either one or the other.
Experienced Weather Forecasters
understand that and will tell you: “Yes, there will be sunshine at 27ºC this
coming Saturday.” Besides that basic answer, he or she may explain in simple
terms why the sun will be shining, with some supporting data and logic. But
even for the weather forecasts, open questions should follow. How warm will it
be? How strong is the wind? What direction will it be blowing from? Will it be
clear blue skies or will there be some scattered clouds?
Turning back to market and competitive
intelligence, such a binary question will also be followed by open questions to
get a better understanding. The first question may be: “Is there a market
opportunity for my products?” or ”Will the new competitor be a threat for my
business?”. The answer to the first question could be: “Yes, there is a market
opportunity”. And we will explain in simple terms why we have come to the
conclusion that there will be an opportunity, by looking at the market trends,
economic drivers and other parameters etc. Following that, the underlying open
questions could pop up, such as “How big is that opportunity?”, “For which
market?”, “When will the market take off?” or “How should we sell our
product?”.
Contradicting this approach is the
taxi driver phenomenon.
Imagine you get into a taxi in London and ask the driver to take you to Covent
Garden. Instead of taking you directly there, he turns around and asks you,
“What are you planning to do at Covent Garden? Are you interested in shopping,
restaurants or museums?”. Our natural reaction is that it is none of his
business and that he should just get on with his task at hand.
An experienced taxi driver however,
may notice that you appear to be a tourist from out of town, and make
suggestions so we can get more out of our visit. He may suggest, “Why don’t you
try Paddington? It’s Sunday and their market is very interesting. From there,
you can take the blue line on the London Underground to Covent Garden.”
As market intelligence experts, we
should offer to add value if we believe we can.
If someone simply asks for data on
personal computers in Europe for instance, we should ask what the data will be
used for. Start a dialogue. Overcome any initial resistance by providing the
rationale behind our questions. For example, we can ask, “Are you looking at
only network PCs, or game consoles as well? Should we include servers? What
else shall I include or is there anything I should leave out? Can you share
more? The more you share, the smarter the analysis”.
It is a matter of building trust and
credibility. We need to show that we are trusted advisors. That is the art of
being an internal consultancy.”
Joost Drieman will be presenting in the upcoming GIA
Conference on "How
to Create Added Value to Business through MI Efforts and to Measure the ROI of
Market Intelligence" (June 9).
View more GIA Case
Interviews.