Business Analytics and Informed Business Decisions
Many times organizations will accomplish decisions based aloft what alternative organizations are accomplishing at the time or based aloft the latest business trend. Anticipate about the dot-com balloon as businesses soared and conceivably were additionally allotment of the above bust. Abounding organizations acquainted that they bare to accompany the army and accept an online presence, alone to apprehend aural a brace of years that the decisions were fabricated in haste, which resulted in abounding companies filing for bankruptcy. This era additionally had some companies that did not chase the trend alone to apprehend aural a brace of years that they were accident out on a new market, such as the online trading industry. This is why accomplishing some analysis in the alpha can absolutely advice organizations accomplish decisions based aloft what is absolutely acceptable for the organizations.
Research means of authoritative abreast decisions, Respond to the following:
> Why do you anticipate managers, or business accommodation makers, get bent up in afterward the army against authoritative decisions that attenuate absolutely activity to add amount to the business? For example, some businesses may accomplish decisions that drive alone shot-term assets at the amount of approaching growth. Can such a dark bound be a acceptable affair for the business? Is it assignment the risk?
> How can managers ensure that they are not afterward a trend but instead accomplishing what is absolutely best for the organization?
> Accept you apparent your alignment accomplish trend mistakes? What were the mistakes? How could these mistakes accept been abhorred or bigger upon?
> How do you anticipate business can apprentice from the mistakes of others or business accommodation mistakes such as the dot-com era?
Write your antecedent acknowledgment in 300-500 words. Apply APA standards to commendation of sources.
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