Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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What role does data analytics play in the planning process, and how do you use data-driven insights to inform decision-making and optimize resource allocation?
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- Which database would you select for your budgeting? What are the factors you took into consideration when making this decision? Please discuss.arrow_forwardDiscuss the concept of SWOT analysis in the context of strategic planning. How can organizations use SWOT analysis to make informed decisions?arrow_forwardWhat are the potential challenges and obstacles that organizations may face during the planning process, and how can these be effectively addressed?arrow_forward
- What are the key distinctions between operational data and decision-making information?arrow_forwardWhat are some common mistakes that organizations make during the planning process.arrow_forwardHow does analytics aid in business decision making? Explain in detail with respect to strategic, tactical, and operational decisions.arrow_forward
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