Published sources include company reports, technical (trade) reports, industry studies
and surveys commissioned by governments or industry associations. For example, in
consumer goods markets, Which? provides comprehensive and useful reports that com-
pare product performance from a customer perspective. Obviously, websites and web
forums are excellent sources of data; however, the quality and usefulness of these sources
can vary, depending on the sector or industry. Increasingly, customers seeking informa-
tion about products and services turn to customer reviews for trusted and hopefully
helpful insights and feedback into the experiences of others. Well-known examples of
such advice, or ‘reviews’ as they are often called, can be seen on websites such as Amazon
and TripAdvisor, but there are many, many more, of course.
●
Data sharing can take place in industry forums such as conferences, through discus-
sions in formal and informal settings. Indeed, in most industries it is common for
employees of competing firms to meet from time to time, and exchange information
with each other either consciously or subconsciously. This does not necessarily imply
particularly sinister or unsavoury practices, more information exchanges (often within
broader general discussions) between interested, knowledgeable and well-informed
professionals.
●
Direct interviews might occur with customers, distributors, former employees of com-
petitors, regulators and government officials. Informed sources, such as those listed, may
also be useful in collecting data on competitor operations for benchmarking purposes.
Customers that have defected to a close competitor are also a great source of com-
parative data, and competitors’ customers in particular are a rich source of information
on competitor processes. Questioning customers on the levels of service received, for
example, or the manner in which complaints are handled, can identify the underlying
processes used to deliver a particular service.
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