Value
addition to MBA Course curriculum
Business today is becoming a battle based more on ownership
of information then on ownership of other resources.
Competitors can copy each other's equipments, products
and procedure but they should not be allowed to duplicate
company's information and intellectual capital. Proprietary
information constitutes chief competitive advantage.
Several
progressive companies recognize that every company possesses
more information than any manager can possibly know.
Such informations are scattered in countless databases,
plans, designs, records and in the memory of many long
time managers. This gold mine of information has to
be put in think tanks for taking informed decisions.
Companies must also regularly acquire new information.
More so about competitors, collaborators, consumers
and adversaries. They must also monitor policies, legislation,
rules and regulations that might help or hurt their
business. Corporate and competitive intelligence; business
intelligence; research and marketing surveys are the
necessary tools for any business house.