By Karen Ripperger
Senior Marketing Research Consultant
Principal Financial Group
On December 5, 2013, the SCIP Iowa Chapter
hosted a networking opportunity and expert panel at the Wakonda Club in Des
Moines. The luncheon event brought together professionals, students, professors,
and thought leaders in the fields of strategy, competitive intelligence,
marketing, and library and information services, as well as experts in business
law, ethics, and entrepreneurship. With special acknowledgements to the SCIP
organization, the annual SCIP conferences, and supportive local chapters, the
event was a success, and in fact, one of the most successful professional
exchanges in Iowa.
All attendees benefited from the
motivational exchange of ideas and the opportunity to create new contacts and
networks. However, the highlight of the
day was an expert panel featuring premier strategy and competitive intelligence
who shared some of the best practices from the Midwest’s greatest and most
successful businesses. The panel members
each showcased the unique efforts of their companies and functional teams to
better serve dynamically expanding organizations.
The SCIP Iowa Chapter invited Stacy Bell of
Deere & Co., Kelsey Hare of DuPont Pioneer, and Judy Leavitt of Rockwell
Collins, Inc., to come together to help current and prospective CI
professionals to understand the scope and reach of CI within the state of Iowa
and beyond.
All three companies have Midwestern roots,
and all three have grown from humble beginnings to global, publicly traded corporations
with Fortune rankings. Here is a bit of
history to get us started:
Table
1: 2013 Statistics and Figures by
Company
Company
|
NYSE
|
Fortune
Ranking
|
Origin
|
Revenues ($billions)
|
Number of Employees
|
Deere &
Company
|
DE
|
85
|
Started in
1837 in Grand Detour, Illinois
|
37.8
|
67,044
|
Rockwell
Collins
|
COL
|
511
|
Started in 1933 in Cedar Rapids,
Iowa
|
4.61
|
21,000
|
DuPont
Pioneer
|
DD
|
72
|
Started in
1926 in Des Moines, Iowa*
|
Ag Segment $11.7
Total Sales
$35.7
|
64,000
|
*Indicates data for business segment
only. Unless noted, data is for total
parent company including segment.
At Deere
& Co., Bell explained, the CI function provides the opportunity to use
the best available competitive information for optimal decision making. The
following diagram tells the story:
The basic
three-step process involves:
·
Understanding
the competitive environment in each SBU and geographic area
·
Monitoring
competitors’ foreign investments and growth aspirations, and
·
Assembling
the puzzle to predict future strategies.
Next, Leavitt explained how Rockwell Collins measures the
effectiveness of CI through the following framework:
“What”
|
Success
Criteria
|
Aligns
with
|
Stakeholders
|
Metric
Idea
|
CI MOE
|
Megatrends / Early Warning
|
Company can adapt to new markets more quickly than
competitors
|
Globalization strategies
|
Corporate Development & BU Strategy Leaders
|
New megatrends, new/emerging competitors identified
|
1-2 Megatrends aligned with growth targets
|
CI Skill Sets
|
CI practitioners have and use appropriate tools,
analytical techniques to gain competitive insights
|
Growth initiatives
|
CI Council members
|
Council members able to use appropriate databases
& tools without assistance and apply new analytical techniques
|
CI Council survey results measure use of tools and
techniques and determine new training
needs
|
Human Intel Networks (Subject Matter Experts - SMEs)
|
Goal of human intel as 1st source for
insights –
Extensive SME network for knowledge sharing
|
CEO’s vision of collaboration
|
CI Council members; all CI practitioners
|
Examples of knowledge sharing
|
Capture numerous examples of intelligence reuse and
estimates of time/money saved
|
Finally, Hare
explained how DuPont Pioneer strives
to make sure all leaders are focused on the “right” intelligence issues at the
“right” time. The culture, operations,
and understanding all work in tandem for continued competitive insights and
shared knowledge.
About the Panel Members
|
Stacy Bell is Research Strategist for Deere &
Company, located in Moline, IL, and is responsible for conducting primary
competitive intelligence and competitive simulations across all divisions and
regions of Deere. She started her career
with Deere in May 2002 as a Reference Librarian, moved on to the position of
Demand Planner for the Agricultural Equipment division for Brazil and
Australia, and managed the Research & Information Services team. She has been a member of the Society of
Competitive Intelligence Professionals (SCIP) since 2003 and is the co-founder
and former coordinator of the SCIP Iowa chapter.
Kelsey Hare is the Senior Manager of Competitive Intelligence
at Pioneer, a DuPont business. She is responsible for determining competitor
strategies and environmental shifts and providing conclusions and implications
as input into the strategy development process. The Pioneer CI team has
received recognition by DuPont CEO Ellen Kullman as being one of DuPont’s top competitive
intelligence functions. The competitive intelligence model that Kelsey and her
team developed is being leveraged across DuPont globally to enhance competitive
intelligence capabilities. She has been a member of the Society of Competitive
Intelligence Professionals (SCIP) since 2003, served on the SCIP Board of
Directors from 2008-2010, and is the co-founder and former coordinator of the
Iowa SCIP chapter. Kelsey is also a former member of the Iowa American
Marketing Association Board of Directors.
Judy Leavitt is Strategic Intelligence Manager in
Corporate Development at Rockwell Collins and is responsible for strategic
research and analysis for growth opportunities in new markets. She chairs the company’s Competitive
Intelligence Council and is a member of the company’s Enterprise Risk
Management Advisory Council. A SCIP
member since 1995, Judy served on the SCIP Board of Directors, was co-coordinator
of the SCIP Iowa Chapter and served on the Competitive Intelligence Foundation
Board. She received the SCIP Catalyst
award in 2006 and SCIP’s prestigious Fellows Award in 2008. With Jan Herring,
she co-developed the World-Class CI Program Roadmap, which won the SCIP 2009
Best Conference Presentation award. In
addition, Judy has been a member of the Conference Board Council on Competitive
Intelligence for several years, serving on various committees and as Chair of
the Council.
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