For many professionals, the difference between strategic foresight and competitive intelligence can be confusing. The two are alike only in some aspects; both disciplines serve different purposes and are done differently. This article explains the differences between strategic foresight and competitive intelligence, and why optimal decision-making requires both.
BPIR Categories2.2.4 Formulate and review business unit strategy
2.1.1 Analyse & understand competition
2.1.2 Identify economic/industry trends