We explore some of the key concepts behind data-driven decision making and how it can be applied to business, by looking at some real-world examples.
How important is it to make well-informed decisions and make strategies in business? Both of them are possible with the help of what-if analysis.
Pros and cons for making a pros and cons list template, along with tips to improve your decision-making process based on the listing technique.
SWOT analysis can facilitate your decision-making. Let’s take a closer look at 3 detailed examples of how it can be used in your daily life.
Think of decision analysis as a systemic, quantitative, and graphic approach to assess situations that enables efficient ways of solving problems in business.
Cost benefit analysis is the process of comparing the costs and benefits of a business decision and is a popular model in the strategic planning toolset.
VRIO analysis is a strategic planning tool for efficient decision making. VRIO refers to 4 criteria firms consider: Value, Rarity, Imitability,Organization.
Market Research is important because it helps make decisions that benefit the company and it’s the reason why so many types of analysis exist.
CATWOE, one of the best analytical tools for business stands for customers, actors, transformation process, worldview, owners and environmental constraints.