You will have many ways you manage your internal business information. It’s likely you employ many people to look internally — Accounts, forecasting, ERP and the like. But how many people watch and track external events? It’s likely to be a fraction. Now, most surprises in business are unpleasant; the majority come from external events. But What is Early Warning Analysis?
The fog of war
An early warning system will help you reduce the surprises and the impact on your business. The effect of the shock stops you having the time to act thoughtfully and in a timely way. Early warning needs to be systematic to enable you to be able to assess the circumstance and identify scenarios to counter future scenarios. It will reduce the impact of external disruption and surprises associated with:
- Technology disruption
- Competitor actions
- Environmental circumstances
- Regulation changes
- Changes in consumer demand
- Economic conditions and political changes
Surprises will happen, but they don’t have to disrupt your business. An early warning program can reduce the impact on your business.
About Octopus Intelligence
Octopus is a global Intelligence service company. Answering the questions to help you grow.
We help brands and investors like yourself reimagine how you can beat your competitors, make more money, be disruptive, and enter new markets. Enabling you to grow faster with more certainty with Competitive Intelligence, Due Diligence and good old common sense. We live in an increasingly uncertain, competitive and ever-shifting world. What you need is active real-world strategy. Where deep expertise combines with Competitive Intelligence based actions. To answer the what and the how, for the now and the next.