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(USGovernment-News.Com, January 28, 2013 ) New York, NY -- Aside from obvious infrastructural setbacks, lack of transparency and widespread corruption pose the greatest challenge to companies doing business in developing countries. In such environments there are often rumors in business communities and government circles, and businesses need to know what is real, what is possible and what is just speculation so they can make better decisions on a daily basis. This is the critical role that business intelligence plays for companies with overseas operations.
The importance of business intelligence and other due diligence measures cannot be overemphasized for businesses operating in developing countries. Conducting investigations and due diligence on business partners, employees and companies as part of a business intelligence strategy can help businesses mix with the right crowd in an uncertain and unconventional terrain. Additionally, assessing competitive dynamics in overseas markets (with unfamiliar or additional parameters) can help businesses stay afloat in such situations.
Companies operating overseas need to be in the know - and they can use credible business intelligence methods to filter out rumors from local business and political communities to obtain facts that help them make the right business moves.
"Business intelligence helps business know what to do when they’re in uncertain territory characterized by a lack of transparency and widespread corrupt practices. They need credible information to make the right decisions and stay competitive in such markets," says a report collaborator.
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