Don’t Fall Victim to the Top 5 Reasons Businesses Fail! BI is the Cure!
I write blogs (in case you haven’t noticed) and blog writers LOVE to use numbers. “10 ways to achieve customer satisfaction”, “7 things you should know before buying a computer”. I’m jumping into the deep end of the pool with my “Top 5 Reasons a Business will Fail”. I can think of more than five reasons, but let’s stick to five, so you won’t miss lunch!
Reason 1: The business doesn’t understand or anticipate competitive products and market moves
Reason 2: The business makes decisions without understanding the impact of these decisions
Reason 3: The business uses old or incomplete information to plan for the future
Reason 4: The business takes too long to respond to its market and customers
Reason 5: Employees do not have easy access to the information they need to contribute to business success
If this Top 5 list has your business name written all over it, you’d better make some changes! You may feel overwhelmed by the task, but it doesn’t have to be difficult.
Business Intelligence tools enable performance management, by providing clear, concise results using data and information integrated from various sources and presented in a way that clearly illustrates patterns, trends and problem areas. With user-friendly tools and personalized, custom metrics, users can manage objectively with insight into the Key Performance Indicators. You can make faster, more accurate, course corrections and adapt to the changing market with ease.
Intelligently yours, Betsy BizintelShare