  Business wargaming is a central tool for developing sustaining strategies. It
transfers the benefits of traditional wargaming to the business environment.
However, building wargames that support the process of decision-making for
strategy require respective intelligence. This paper investigates the role of
intelligence in the process of developing strategic foresight. The focus is on
how intelligence is developed and how it relates to business wargaming. The
so-called intelligence cycle is the basis and reference of our investigation.
  The conceptual part of the paper combines the theoretical background from
military, business as well as serious gaming. To elaborate on some of the
lessons learned, we examine specific business wargames both drawn from the
literature and conducted by us at the Center for Intelligence and Security
Studies (CISS). It is shown that business wargaming can make a significant
contribution to the transformation of data to intelligence by supporting the
intelligence cycle in two crucial phases. Furthermore, it brings together
business intelligence (BI) and competitive intelligence (CI) and it bridges the
gap to a company's strategy by either testing or developing a new strategy. We
were also able to confirm this finding based on the business wargame we
conducted at a major semiconductor manufacturer.
