Is it not enough for a company to analyze its own strengths and weaknesses? Justify your answer
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Is it not enough for a company to analyze its own strengths and weaknesses? Justify your answer.
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- you are a consumer planning to buy a computer. You are considering either an Apple or an HP laptop. List 3 features that are important to you when you decide which is the best computer for you. How do you go about making your choice? What incentives could the producer offer you to influence your final decision?1. When you want to buy the potato chip, what influences your decision? Explain the attributes that are important to you when making a decision to purchase this type of product.As you have seen in your reading and lectures for this course, business analytics focuses on the analysis of business data through the use of statistics, optimization, modeling, and other quantitative techniques to help guide business decisions. In your DBA research classes, you have (or you will) become acquainted with a range of quantitative and qualitative research techniques that can be used to investigate business questions. Quantitative and qualitative methods each have unique strengths and weaknesses and that some questions are better answered through quantitative methods while others can only be addressed through a qualitative investigation. In many ways, business analytics represents an ultimate quantitative expression of management science. Moreover, as with research, one might expect that there are some business situations that business analytics can address especially well while other business situations are best addressed (or can only be addressed) through more qualitative…
- Describe at least two alternative solutions that you could go to and what you would lose by not being able to implement business analytics.Why do organizations utilize economic principles to guide strategic short-term and long-term decision making?You live in a small town and you need an attorney. Aunt Marcella has died, and you are the executor of her rather complicated estate. You need an attorney who is an expert at probate work to help you with probating the will. You could hire one of the two attorneys in your small town, or you could hire one of the hundreds of attorneys from the big city down the highways. Thinking like an economist, will you want to hire a small-town attorney or a big-city attorney to help you with this complicated estate, and why?
- Is the Coca Cola performance management system aligned and integrated in order to yield data and information? How is this comparative data used to support business analysis and decision making?If you are in charge of a fast moving consumer goods enterprise, what strategic methods can one use to acquire inputs at different circumstances.How does IT help a company's business processes and decision-making while still giving it a competitive advantage?