How does analytics aid in business decision making? Explain in detail with respect to strategic, tactical, and operational decisions.
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How does analytics aid in business decision making? Explain in detail with respect to strategic, tactical, and operational decisions.
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- Identify the various business scenarios in which can be business analytics applie? What type of decision making will be done in each scenario?understanding usefulness of “data-driven decision making”. Now consider this from a “business partner” perspective. How could data and metrics help strengthen relationships with their business partners? In other words, what value would this add to the business?Discuss, What are the ethical considerations and implications of using big data and analytics in business decision-making processes?
- Describe how the SWOT Analysis works in relation to a company`s decision making in regards to the environment in which it operatesUnited Garments aims to incorporate Business Intelligence in order to increase decision-making in the company. At which stage of decision making would United Garments prescribe Business Intelligence and why?Analyze the organizational structure of the government, particularly the assignment of tasks, duties, and responsibilities of each, and answer the following questions below: Which among the types of the organizational chart represents? How can this structure help citizens/ customers when transacting with them? How can this organization chart make or break the government's decision-making process?
- Describe at least two alternative solutions that you could go to and what you would lose by not being able to implement business analytics.Discuss in about 200 words the Hierarchy of the information- based business decision makers. Which level has the best chance of success and whyWhat are the ethical considerations and implications of using big data and analytics in business decision-making processes?
- Discuss briefly the Hierarchy of the information- based business decision makers.Which level has the best chance of success and why? (Decision Making subject)As you have seen in your reading and lectures for this course, business analytics focuses on the analysis of business data through the use of statistics, optimization, modeling, and other quantitative techniques to help guide business decisions. In your DBA research classes, you have (or you will) become acquainted with a range of quantitative and qualitative research techniques that can be used to investigate business questions. Quantitative and qualitative methods each have unique strengths and weaknesses and that some questions are better answered through quantitative methods while others can only be addressed through a qualitative investigation. In many ways, business analytics represents an ultimate quantitative expression of management science. Moreover, as with research, one might expect that there are some business situations that business analytics can address especially well while other business situations are best addressed (or can only be addressed) through more qualitative…How can CRM data and analytics be leveraged to make strategic decisions in a business? Provide a real-world example.