Gamer World

Better risk management with market intelligence

Strong market intelligence can significantly boost a company’s risk management capabilities, but there are a number of hurdles that risk professionals must overcome first

When it comes to combining market intelligence and risk management, some blue chip global companies are fairly advanced in the process, but the reality is that most companies do not even know where to begin, according to Thomas Rideg, an expert in risk and market intelligence.

“To begin with, many risk managers may not always know where market intelligence is structured within the company,” he said.

“Market intelligence should be in strategic planning, but several companies still have this function inserted somewhere in marketing or market research, where its visibility is so hidden that is of limited benefit to other areas of the corporation.”

Rideg, who is the managing director of market intelligence and advisory company, Global Intelligence Alliance, said that market intelligence should be directly linked to corporate decision making, as should risk management.

“If these departments do not know of each other or don´t know where they are located within the organisational structure, they will never be able to leverage off each other.”

One of the most common mistakes that risk managers tend to make with market intelligence is that they tend to focus on the internal environment more than they do on the external environment, according to Rideg.

“The monitoring of the external environment for risk management should be as diligent as the internal monitoring, because many of the internal risks are a direct result of exposure to external risks, many of which can be avoided,” he said.

“Risk managers that monitor the external environment are usually very good at measuring political risks and financial risks and corporate health within the organisations that they are assessing.

Rideg has also noticed that when it comes to understanding the competitive environment, shifting demand, substitute products, supply chain and distribution on the other hand, risk managers often do not have the time nor the resources to assess these thoroughly.

“Each of these factors (and other market factors) can produce different risks that, if not identified, anticipated and controlled, could bring huge damage to an organisation. It takes a focused market intelligence process to properly assess the market across all these areas,” he said.

Risk managers should work closely with and alert market intelligence professionals of their responsibilities and jointly develop a continuous monitoring program of the external environment, Rideg recommended. This monitoring program would be conducted by the market intelligence function but fed daily, weekly or monthly to the risk management department.

“The objective is for risks to be identified, anticipated, minimised or even reversed before they penetrate and impact the organisation,” he explained.

“A market intelligence practitioner should be continuously monitoring the value chain, supply chain, competitive environment, consumer, regulatory environment, political environment, economic environment, other industries that can produce substitute products, and so on.”

Looking at market intelligence as being corrective, rather than preventive, is one of the most common mistakes companies make in this area.

“This may be a result of the lack of awareness about the synergies between risk management and market intelligence. Perhaps we shouldn’t even refer to this as market intelligence, but as ‘corrective deep dives’ or something similar,” Rideg observed.

“Proper market intelligence is continuous. Once risks have attacked the organisation, it is important to conduct these deep-dives, but they are much more costly than preventive market intelligence for two reasons. Firstly, the risks that have attacked the organisation have already caused damage. Secondly, the project will be deep and intense, rather than systematic and continuous.”

He said preventive market intelligence identifies external factors that may allow risks to enter the organisation and enables pre-emptive action. As a result, he said the return on investment is significant, but the irony is that when market intelligence is conducted well, the results are very often not perceived because risks would have been eliminated and become “unperceived risks”.

Some companies also make the mistake of insisting on having a global head of risk oversee numerous markets, according to Rideg. Without keen local market knowledge, he said the pressures on that global risk executive to pass approval on new operations or suppliers in far-flung markets can backfire.

Rideg predicted that the practice of risk management will get harder, as corporations are driven primarily by their mandate to maximise shareholder value. “They will continue to squeeze the margins on their suppliers, outsource more operations to third parties and expand overseas. This introduces all sorts of risks into the value chain,” he said.

“Market intelligence is very correctly associated with opportunities to support strategic planning, marketing and sales or product development. But along with opportunities come risks, and risk managers should leverage the value that market intelligence can bring to their increasingly demanding jobs.”

Author: Thomas Rideg is Managing Director at Global Intelligence Alliance.

This article and others from GIA’s World Class Market Intelligence practice can be found at Global Intelligence Alliance Insights and Analysis.

About the Author

Global Intelligence Alliance (GIA) is a strategic market intelligence and advisory group. GIA was formed in 1995 when a team of market intelligence specialists, management consultants, industry analysts and technology experts came together to build a powerful suite of customized solutions ranging from outsourced market monitoring services and software, to strategic analysis and advisory.

Please visit Global Intelligence Alliance for more strategic market intelligence.

The Value of Business Intelligence

Five Specific Ways a Leader Can Increase His/Her Emotional Intelligence $36.35 This interactive CD defines social intelligence, provides a brief description of neuroscience research, and describes why it s important for leaders to adopt socially intelligent behaviors. Leadership is principally about relationships, and studies are telling us that socially intelligent behaviors are the best predictors of excellence in leadership performance. Learn about the five specific…

Leading Conflict the Black Belt Way: Three New Conflict Resolution Strategies for Student Leaders $14.95 …

Black Belt Diversity for Student Leaders! Three New Strategies for Leading into a Diverse Tomorrow $14.95 …

SAT I – Math Brain Power (Preparing for the College Entrance Math Exam) $45.00 This Standard Deviants production gives viewers tips on preparing for the SAT college entrance mathematics exam. Arithmetic concepts such as prime numbers, fractions, and square roots and algebra concepts are included. Goal is to help raise your math score. Also includes a strategy session and covers some odd topics that might be on the exam….

Fortress Biometric Fingerprint Door Lock Finger print Authentication Security System $320.00 A tougher than Superman biometric finger print doorlock with advanced security features to keep your family and valuables safe. The Fortress Biometric Fingerprint Door Lock is an essential part of any comprehensive home security strategy! Super Strength: The Fortress Biometric Fingerprint Doorlock is literally built like a fortress to safeguard your home. It is solidly constructed from heavy gauge…

Chess Player – 24W x 17H – Peel and Stick Wall Decal by Wallmonkeys $33.99 WallMonkeys wall graphics are printed on the highest quality re-positionable, self-adhesive fabric paper. Each order is printed in-house and on-demand. WallMonkeys uses premium materials & state-of-the-art production technologies. Our white fabric material is superior to vinyl decals. You can literally see and feel the difference. Our wall graphics apply in minutes and won’t damage your paint or l…

A Dark Alliance $1.99 …

Nova – Battle Plan Under Fire $2.05 BATTLE PLAN UNDER FIRE – DVD Movie…

Vintage Emotions, Emotional Maturity, & Anger Management Films (2) DVD: 1950s Adolescent Teenage Psychology, Emotional Growth, Development, Anger Control & Teen Emotional Intelligence Films $19.99 This 2 DVD superb films collection brings together the finest and most interesting emotional maturity films from the post world war two era. In the 50′s one of the popular ideas about anger was the “pressure cooker” theory, meaning if you didn’t let your anger out you would go crazy. Many of the films discuss how to let your anger out in a good while also showing what not to do, like young Dave, w…

Total War: Shogun 2 $11.84 Master the art of samurai warfare.Set during the golden age of Samurai warfare Shogun 2 brings to life the most turbulent period of Japanese history with epic storylines and great detail. Features: BUILD a kingdom. (Turn-based campaigns & RTS battles.)   CONQUER : Lead massive samurai armies and fleets of warships real-time battles. SCHEME & FIGHT with Sun Tzu s powerful Art of War t…

# Crowdsourcing Tweet Book01: 140 Bite-Sized Ideas to Leverage the Wisdom of the Crowd $17.85 Used – The idea of soliciting input, whether from customers, associates or the general public, is hardly new. Yet crowdsourcing (the soliciting of collective wisdom) is a relatively new term which has quickly become an important business concept. The spike in the ability to crowdsource, driven by web technologies, has enabled the concept to assume center stage in business strategy. A strong ability to tap into the collective intelligence of the public, or a well-defined segment of the public, en

# Crowdsourcing Tweet Book01: 140 Bite-Sized Ideas to Leverage the Wisdom of the Crowd $15.52 Used – The idea of soliciting input, whether from customers, associates or the general public, is hardly new. Yet crowdsourcing (the soliciting of collective wisdom) is a relatively new term which has quickly become an important business concept. The spike in the ability to crowdsource, driven by web technologies, has enabled the concept to assume center stage in business strategy. A strong ability to tap into the collective intelligence of the public, or a well-defined segment of the public, en

# Crowdsourcing Tweet Book01: 140 Bite-Sized Ideas to Leverage the Wisdom of the Crowd $12.43 Used – The idea of soliciting input, whether from customers, associates or the general public, is hardly new. Yet crowdsourcing (the soliciting of collective wisdom) is a relatively new term which has quickly become an important business concept. The spike in the ability to crowdsource, driven by web technologies, has enabled the concept to assume center stage in business strategy. A strong ability to tap into the collective intelligence of the public, or a well-defined segment of the public, en

# Crowdsourcing Tweet Book01: 140 Bite-Sized Ideas to Leverage the Wisdom of the Crowd $21.39 Used – The idea of soliciting input, whether from customers, associates or the general public, is hardly new. Yet crowdsourcing (the soliciting of collective wisdom) is a relatively new term which has quickly become an important business concept. The spike in the ability to crowdsource, driven by web technologies, has enabled the concept to assume center stage in business strategy. A strong ability to tap into the collective intelligence of the public, or a well-defined segment of the public, en

# Crowdsourcing Tweet Book01: 140 Bite-Sized Ideas to Leverage the Wisdom of the Crowd $12.43 New – The idea of soliciting input, whether from customers, associates or the general public, is hardly new. Yet crowdsourcing (the soliciting of collective wisdom) is a relatively new term which has quickly become an important business concept. The spike in the ability to crowdsource, driven by web technologies, has enabled the concept to assume center stage in business strategy. A strong ability to tap into the collective intelligence of the public, or a well-defined segment of the public, ena

# Crowdsourcing Tweet Book01: 140 Bite-Sized Ideas to Leverage the Wisdom of the Crowd $15.52 New – The idea of soliciting input, whether from customers, associates or the general public, is hardly new. Yet crowdsourcing (the soliciting of collective wisdom) is a relatively new term which has quickly become an important business concept. The spike in the ability to crowdsource, driven by web technologies, has enabled the concept to assume center stage in business strategy. A strong ability to tap into the collective intelligence of the public, or a well-defined segment of the public, ena

12 Drummers Drumming $6.99 Played out on an international stage. Casey Collins, a U. S. Foreign Service officer, is thrown into a maelstrom of agony when she learns a New York bound flight from England exploded soon after takeoff, like a grim Lockerbie Two. Casey fears that her lover Stefan Krajewski, a Polish operative for Danish Defense Intelligence, was on the ill-fated flight and promptly flies to Europe to learn the truth. But she is swiftly embroiled in a twisted series of events that paint her as a terrorist conspirator and a suspect in the airline bombing. Discredited by her own State Department, pursued by the FBI, wanted by Interpol, Casey is a fugitive whose only protection is a small band of skilled agents operating outside of the law. With her career and credibility in ruins, Casey has only one chance to bring the malicious mastermind behind the bombing to justice before he can massacre any more innocent people. Setting herself up as a fake mediator for U. S. interests, she conceives a dangerous strategy for gaining access to her target. Hurled into a relentless, death-dealing mission, she senses a multi-leveled web of deception tightening around her, forcing her to rely on people she neither knows nor trusts—any one of whom might sacrifice her life for his own corrupt motives. In the pulsating tradition of Robert Ludlum and Helen Maclnnes comes an electrifying international thriller, a breakneck race against time to prevent a wave of airborne terrorism. Writer Diana Deverell goes behind today’s explosive headlines and takes readers on a whirlwind international chase as a lone woman stands between a diabolical terrorist and the completion of his deadly master plan.

7 Deadly Scenarios: A Military Futurist Explores War in the 21st Century $13.99 A global pandemic finds millions swarming across the U.S. border.Major U.S. cities are leveled by black-market nukes.China’s growing civil unrest ignites a global showdown.Pakistan’s collapse leads to a hunt for its nuclear weapons.What if the worst that could happen actually happens? How would we respond? Are we ready?These are the questions that Andrew Krepinevich asks—and answers—in this timely and often chilling new book, which describes the changing face of war in the twenty-first century and identifies seven deadly scenarios that threaten our security in the crucial years ahead. As president of the Center for Strategic and Budgetary Assessments and consultant to secretaries of defense, the CIA, the Homeland Security Council and the Joint Forces Command, Krepinevich’s job is to think the unthinkable—and prepare a response in the event our worst nightmares become reality. Basing his analysis on open intelligence sources, an assessment of the latest global and political trends, and his knowledge of contemporary military history, Krepinevich starts each of the seven scenarios in the context of current geopolitical realities and vividly tracks the path to crisis. From the implosion of Pakistan to a worldwide cyberattack, from the consequences of a timed withdrawal from Iraq to the likelihood of a China on the march, Krepinevich reveals the forces—both overt and covert—that are in play; the ambitions of world powers, terrorist groups, and rogue states; and the actions and counteractions both our enemies and our allies can be expected to take.As riveting as a thriller, 7 Deadly Scenarios takes you inside the corridors of power, peers into the world of defense planning, and explores U.S. military and political strategy in the past, present, and likely future. The result is a must-read book that will trigger discussion, thought,

A Fine Line: How Design Strategies Are Shaping the Future of Business $29.95 “Esslinger’s work shows that taste can triumph, design and production can be soul mates, and the eye of an individual can shape a product and a company.” —From the Foreword by Michael Moritz, partner, Sequoia CapitalFor the first time, Hartmut Esslinger, internationally acclaimed designer and founder of frog design, inc., reveals the secrets to better business through better design. Having spent forty years helping build the world’s most recognizable brands, Esslinger shows how business leaders and designers can join forces to build creative strategies that will ensure a more profitable and sustainable future. A Fine Line shares the amazing story of Esslinger’s transformation from industrial design wunderkind to a global innovation powerhouse, while detailing the very real challenges facing businesses in the new global economy. Offering companies far more than a temporary innovation booster, Esslinger shows how he and frog build creative design into the framework of an organization’s competitive strategy, the same approach that has worked so well for leading edge companies such as Sony, Louis Vuitton, Lufthansa, Disney, Hewlett-Packard, SAP, Microsoft, and Apple. Offering a step-by-step overview of the innovation process—from targeting goals to shepherding new products and services to the marketplace—Esslinger reveals how to arrive at a design that reflects an intensely human experience and will connect strongly with consumers. With Esslinger’s unique perspective, rich stories, and global mindset, A Fine Line explores business solutions that are environmentally sustainable and contribute to the future of a thriving and lasting global economy.The blending of design and business intelligence holds the key for shaping a sustainable competitive advantage in the rapidly evolving creative economy. A Fine Line equips business leaders with the necessary tools to thrive in tomorrow’s world.

A People That Shall Dwell Alone: Judaism as a Group Evolutionary Strategy $32.84 New – MacDonald develops an evolutionary perspective on Judaism. Judaism is conceptualized as a group evolutionary strategy characterized by a high degree of endogamy and resistance to genetic and cultural assimilation. Data are provided to support the author’s theory that Judaism is characterized by a high level of within-group altruism and competition with outgroups. Finally, MacDonald argues that Judaism has been characterized by eugenic practices aimed at high intelligence and high-investmen

A People That Shall Dwell Alone: Judaism as a Group Evolutionary Strategy $25.36 New – MacDonald develops an evolutionary perspective on Judaism. Judaism is conceptualized as a group evolutionary strategy characterized by a high degree of endogamy and resistance to genetic and cultural assimilation. Data are provided to support the author’s theory that Judaism is characterized by a high level of within-group altruism and competition with outgroups. Finally, MacDonald argues that Judaism has been characterized by eugenic practices aimed at high intelligence and high-investmen

A Question of Security: The British Defence Review in an Age of Austerity $99 Britain now faces fundamental choices in organising its armed forces and military strategy — more so than at any time since the 1930s. This vital new book prepares the ground for a major government review of UK defence and security policy, analysing every important facet the review will face: from the spending constraints created by the financial crisis, to the decisions the country has to take on matters of war, peace and terrorism. The analysis covers the military equipment Britain should procure; the industrial implications of defense procurement decisions; the relationship with allies and partners; the intelligence sources; and, not least, the moral and ethical dimensions of modern security policy in a globalized but disordered world. Written by the foremost independent security and defense experts in the field, this book is the result of RUSI’s Future Defence Review research initiative. A Question of Security sets the core agenda for all wishing to understand the defense and security problems Britain now faces, and also for those in government and parliament who have to answer these difficult questions at a generational moment for UK defense policy.

A Question of Security: The British Defence Review in an Age of Austerity $21.41 Britain now faces fundamental choices in organising its armed forces and military strategy — more so than at any time since the 1930s. This vital new book prepares the ground for a major government review of UK defence and security policy, analysing every important facet the review will face: from the spending constraints created by the financial crisis, to the decisions the country has to take on matters of war, peace and terrorism. The analysis covers the military equipment Britain should procure; the industrial implications of defense procurement decisions; the relationship with allies and partners; the intelligence sources; and, not least, the moral and ethical dimensions of modern security policy in a globalized but disordered world. Written by the foremost independent security and defense experts in the field, this book is the result of RUSI’s Future Defence Review research initiative. A Question of Security sets the core agenda for all wishing to understand the defense and security problems Britain now faces, and also for those in government and parliament who have to answer these difficult questions at a generational moment for UK defense policy.

ACTIVISION VALUE PUBLISHING SURVIVAL THE ULTIMATE CHALLENGE $19.72 Man is no longer the master of his fate – YOU ARE!amp; Scared injured and stranded in the middle of nowhere the survivors hope for rescue. They don t know it yet but together they have the means to survive. You need to guide them to work together and meet everyone s needs of hunger thirst energy health and hope. In the wild priorities are constantly changing and you will need to make crititcal decisions that will affect everyone s well-being. Most importantly how will YOU guide them to survival? Real time strategy survival challenges that test practical intelligence leadership and resource management Characters are randomly chosen to ensure hours and hours of endless gameplay Variety of location specific challenges: type amp;amp; amount of resources predators amp;amp; weather conditions Maintain the needs and increase the skills of the people in mission-based play Each level provides a new degree of challenge for your skills System Requirements for Windows Windows 95/98/ME/XP Pentium 200MHz (Recommended: Pentium II 266MHz) 32MB RAM (Recommended: 64MB RAM) 250MB Hard Drive Space 100% Compatible Open GL Video Card w/ 8MB Video RAM (Recommended: 16MB Video RAM) Sound Card Mouse and Keyboard

Advance Recommendations on Strategy and Structure for the Fourth Annual Report to the President and the Congress of the Advisory Panel to Assess Domestic Response Capabilities for Terrorism Involving Weapons of Mass Destruction.: Implementing the National $15.18 Used – OCLC Number: 51955410 Excerpt: … The NCTC would be responsible for the fusion of intelligence, from all sources, foreign and domestic, on potential terrorist attacks inside the United States. It would be responsible for the production and dissemination of analytical products to all appropriate ” customers, ” including the Departments of Justice, Homeland Security, State, Health and Human Services, Agriculture, and Defense, and in coordination with those agencies, to designated and clear

Advance Recommendations on Strategy and Structure for the Fourth Annual Report to the President and the Congress of the Advisory Panel to Assess Domestic Response Capabilities for Terrorism Involving Weapons of Mass Destruction.: Implementing the National $10.74 Used – OCLC Number: 51955410 Excerpt: … The NCTC would be responsible for the fusion of intelligence, from all sources, foreign and domestic, on potential terrorist attacks inside the United States. It would be responsible for the production and dissemination of analytical products to all appropriate ” customers, ” including the Departments of Justice, Homeland Security, State, Health and Human Services, Agriculture, and Defense, and in coordination with those agencies, to designated and clear

Advance Recommendations on Strategy and Structure for the Fourth Annual Report to the President and the Congress of the Advisory Panel to Assess Domestic Response Capabilities for Terrorism Involving Weapons of Mass Destruction.: Implementing the National $16.97 Used – OCLC Number: 51955410 Excerpt: … The NCTC would be responsible for the fusion of intelligence, from all sources, foreign and domestic, on potential terrorist attacks inside the United States. It would be responsible for the production and dissemination of analytical products to all appropriate ” customers, ” including the Departments of Justice, Homeland Security, State, Health and Human Services, Agriculture, and Defense, and in coordination with those agencies, to designated and clear

Advance Recommendations on Strategy and Structure for the Fourth Annual Report to the President and the Congress of the Advisory Panel to Assess Domestic Response Capabilities for Terrorism Involving Weapons of Mass Destruction.: Implementing the National $13.87 Used – OCLC Number: 51955410 Excerpt: … The NCTC would be responsible for the fusion of intelligence, from all sources, foreign and domestic, on potential terrorist attacks inside the United States. It would be responsible for the production and dissemination of analytical products to all appropriate ” customers, ” including the Departments of Justice, Homeland Security, State, Health and Human Services, Agriculture, and Defense, and in coordination with those agencies, to designated and clear

Advances in Applied Business Strategy: Art and Science of Business Intelligence Analysis $23.11 Used – Part A of this volume deals with issues surrounding intelligence analysis. This covers its often unrealized surprising role in the organization’s ultimate survival and success, the organizational context of the entire intelligence cycle, and the ultimate users’ perception and needs. Part B is concerned primarily with analysis: getting ready for it; doing it; and using it. The intelligence profession in the corporate world chould be able to find in this text actual examples for use and app

Advances in Applied Business Strategy: Art and Science of Business Intelligence Analysis $30.21 Used – Part A of this volume deals with issues surrounding intelligence analysis. This covers its often unrealized surprising role in the organization’s ultimate survival and success, the organizational context of the entire intelligence cycle, and the ultimate users’ perception and needs. Part B is concerned primarily with analysis: getting ready for it; doing it; and using it. The intelligence profession in the corporate world chould be able to find in this text actual examples for use and app