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Business Analytics And Informed Business Decisions

Research ways of making informed decisions, Respond to the following:

 

> Why do you think managers, or business decision makers, get caught up in following the crowd versus making decisions that rare truly going to add value to the business? For example, some businesses may make decisions that drive only shot-term gains at the cost of future growth. Can such a blind leap be a good thing for the business? Is it work the risk?

 

> How can managers ensure that they are not following a trend but instead doing what is truly best for the organization?

 

> Have you seen your organization make trend mistakes? What were the mistakes? How could these mistakes have been avoided or improved upon?

 

> How do you think business can learn from the mistakes of others or business decision mistakes such as the dot-com era?

 

 

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