Data-Driven Decision Making for Long-Term Business Success

Data-Driven Decision Making for Long-Term Business Success
Author: Singh, Sonia
Publisher: IGI Global
Total Pages: 515
Release: 2023-12-21
Genre: Business & Economics
ISBN:

In today's academic environment, the challenge of ensuring lasting commercial and economic success for organizations has become more daunting than ever before. The relentless surge in data-driven decision-making, based on innovative technologies such as blockchain, IoT, and AI, has created a digital frontier filled with complexity. Maintaining a healthy firm that can continually provide innovative products and services to the public while fueling economic growth has become a formidable puzzle. Moreover, this digital transformation has ushered in new risks, from pervasive cybersecurity threats to the ethical challenges surrounding artificial intelligence. In this evolving landscape, academic scholars face the pressing challenge of deciphering the path to long-term organizational prosperity in an era dominated by data. Data-Driven Decision Making for Long-Term Business Success serves as guidance and insights amidst this academic challenge. It is the definitive solution for scholars seeking to uncover the complexities of data-driven decision-making and its profound impact on organizational success. Each meticulously curated chapter delves into a specific facet of this transformative journey, from the implications of modern technologies and pricing optimization to the ethics underpinning data-driven strategies and the metaverse's influence on decision-making.

Data Driven

Data Driven
Author: Thomas C. Redman
Publisher: Harvard Business Press
Total Pages: 257
Release: 2008-09-22
Genre: Business & Economics
ISBN: 1422163644

Your company's data has the potential to add enormous value to every facet of the organization -- from marketing and new product development to strategy to financial management. Yet if your company is like most, it's not using its data to create strategic advantage. Data sits around unused -- or incorrect data fouls up operations and decision making. In Data Driven, Thomas Redman, the "Data Doc," shows how to leverage and deploy data to sharpen your company's competitive edge and enhance its profitability. The author reveals: · The special properties that make data such a powerful asset · The hidden costs of flawed, outdated, or otherwise poor-quality data · How to improve data quality for competitive advantage · Strategies for exploiting your data to make better business decisions · The many ways to bring data to market · Ideas for dealing with political struggles over data and concerns about privacy rights Your company's data is a key business asset, and you need to manage it aggressively and professionally. Whether you're a top executive, an aspiring leader, or a product-line manager, this eye-opening book provides the tools and thinking you need to do that.

The Tyranny of Metrics

The Tyranny of Metrics
Author: Jerry Z. Muller
Publisher: Princeton University Press
Total Pages: 245
Release: 2019-04-30
Genre: Business & Economics
ISBN: 0691191263

How the obsession with quantifying human performance threatens business, medicine, education, government—and the quality of our lives Today, organizations of all kinds are ruled by the belief that the path to success is quantifying human performance, publicizing the results, and dividing up the rewards based on the numbers. But in our zeal to instill the evaluation process with scientific rigor, we've gone from measuring performance to fixating on measuring itself—and this tyranny of metrics now threatens the quality of our organizations and lives. In this brief, accessible, and powerful book, Jerry Muller uncovers the damage metrics are causing and shows how we can begin to fix the problem. Filled with examples from business, medicine, education, government, and other fields, the book explains why paying for measured performance doesn't work, why surgical scorecards may increase deaths, and much more. But Muller also shows that, when used as a complement to judgment based on personal experience, metrics can be beneficial, and he includes an invaluable checklist of when and how to use them. The result is an essential corrective to a harmful trend that increasingly affects us all.

Decide & Deliver

Decide & Deliver
Author: Marcia W. Blenko
Publisher: Harvard Business Press
Total Pages: 182
Release: 2010
Genre: Business & Economics
ISBN: 1422147576

-Identify your critical decisions. Focus on those that matter most to your company's performance. --

Resiliency Strategies for Long-Term Business Success

Resiliency Strategies for Long-Term Business Success
Author: Sedky, Ahmed
Publisher: IGI Global
Total Pages: 482
Release: 2024-09-13
Genre: Business & Economics
ISBN:

Resiliency strategies in business and healthcare are essential for navigating uncertainties and adapting to rapidly changing environments. Both sectors benefit from building strong partnerships, investing in workforce training, and leveraging data analytics to anticipate and respond to challenges. By proactively addressing potential vulnerabilities and cultivating adaptive capabilities, businesses and healthcare organizations can not only recover from setbacks more effectively but also sustain their operations and services in the face of future uncertainties. Resiliency Strategies for Long-Term Business Success discusses the essential strategies and practices required to build and maintain resilience in these critical sectors. This book explores strategies for building organizational resilience, such as implementing comprehensive risk management frameworks, investing in technology and infrastructure, and fostering a culture of continuous improvement and agility. Covering topics such as business excellence, nursing leadership, and quality management, this book is an essential resource for business leaders and executives, healthcare administrators and managers, risk management and continuity experts, policymakers, public health officials, consultants and advisors, academicians, researchers, and more.

Transforming Teaching and Learning Through Data-Driven Decision Making

Transforming Teaching and Learning Through Data-Driven Decision Making
Author: Ellen B. Mandinach
Publisher: Corwin Press
Total Pages: 281
Release: 2012-04-10
Genre: Business & Economics
ISBN: 1412982049

"Gathering data and using it to inform instruction is a requirement for many schools, yet educators are not necessarily formally trained in how to do it. This book helps bridge the gap between classroom practice and the principles of educational psychology. Teachers will find cutting-edge advances in research and theory on human learning and teaching in an easily understood and transferable format. The text's integrated model shows teachers, school leaders, and district administrators how to establish a data culture and transform quantitative and qualitative data into actionable knowledge based on: assessment; statistics; instructional and differentiated psychology; classroom management."--Publisher's description.

In Search of Excellence

In Search of Excellence
Author: Thomas J. Peters
Publisher: Harper Collins
Total Pages: 404
Release: 2012-11-27
Genre: Business & Economics
ISBN: 0062263617

The "Greatest Business Book of All Time" (Bloomsbury UK), In Search of Excellence has long been a must-have for the boardroom, business school, and bedside table. Based on a study of forty-three of America's best-run companies from a diverse array of business sectors, In Search of Excellence describes eight basic principles of management -- action-stimulating, people-oriented, profit-maximizing practices -- that made these organizations successful. Joining the HarperBusiness Essentials series, this phenomenal bestseller features a new Authors' Note, and reintroduces these vital principles in an accessible and practical way for today's management reader.

HBR Guide to Data Analytics Basics for Managers (HBR Guide Series)

HBR Guide to Data Analytics Basics for Managers (HBR Guide Series)
Author: Harvard Business Review
Publisher: Harvard Business Press
Total Pages: 256
Release: 2018-03-13
Genre: Business & Economics
ISBN: 1633694291

Don't let a fear of numbers hold you back. Today's business environment brings with it an onslaught of data. Now more than ever, managers must know how to tease insight from data--to understand where the numbers come from, make sense of them, and use them to inform tough decisions. How do you get started? Whether you're working with data experts or running your own tests, you'll find answers in the HBR Guide to Data Analytics Basics for Managers. This book describes three key steps in the data analysis process, so you can get the information you need, study the data, and communicate your findings to others. You'll learn how to: Identify the metrics you need to measure Run experiments and A/B tests Ask the right questions of your data experts Understand statistical terms and concepts Create effective charts and visualizations Avoid common mistakes

Data-Driven Marketing for Strategic Success

Data-Driven Marketing for Strategic Success
Author: Rosário, Albérico Travassos
Publisher: IGI Global
Total Pages: 454
Release: 2024-08-09
Genre: Business & Economics
ISBN:

In the field of modern marketing, a pivotal challenge emerges as traditional strategies grapple with the complexities of an increasingly data-centric world. Marketers, researchers, and business consultants find themselves at a crossroads, navigating the intricate intersection of data science and strategic marketing practices. This challenge serves as the catalyst for Data-Driven Marketing for Strategic Success, a guide designed to address the pressing issues faced by academic scholars and professionals alike. This comprehensive exploration unveils the transformative power of data in reshaping marketing strategies, offering a beacon of strategic success in a sea of uncertainty. This book transcends the realm of traditional marketing literature. It stands as a useful resource, not merely adding elements to ongoing research but shaping the very future of how researchers, practitioners, and students engage with the dynamic world of data-driven marketing. It is strategically tailored to reach a diverse audience, offering valuable insights to academics and researchers exploring advanced topics, practitioners in the marketing industry seeking practical applications, and graduate students studying data science, marketing, and business analytics. Policymakers, ethicists, and industry regulators will find the dedicated section on ethical considerations particularly relevant, emphasizing the importance of responsible practices in the data-driven marketing landscape.