See Also: Capitalization Double Entry Bookkeeping Benchmarking Market Positioning Current Business Intelligence and Finance Approach Business Intelligence (BI) technology has evolved so much in recent history to bring the world more than just operational reports. Unfortunately, with all the capabilities that we have with Business Intelligence, firms are still following conventional wisdom in their implementation
See Also: Technology Assessment Criteria How to evaluate IT systems Technology Strategy for Small to Medium Sized Companies How Redundant is Your Data Communications Link? How to Respond to an Imminent Disaster Threat Electronic Data Interchange Definition (EDI) What is electronic data interchange (EDI)? EDI is a standardized format for computer-to-computer communications transmitted via electronic
See Also: Forecasting How to Prepare a Break Even Analysis Sensitivity Analysis Valuation Budgeting vs Forecasting Comparison Analysis Definition Describe comparative analysis as comparison analysis. Use comparison analysis to measure the financial relationships between variables over two or more reporting periods. Businesses use comparative analysis as a way to identify their competitive positions and operating results
See Also: Value Drivers: Building Reliable Systems to Sustain Growth Mining the Balance Sheet for Working Capital Inventory to Working Capital How to Run an Effective Meeting How to evaluate IT systems Are You Collecting Business Data? It seems simple enough. You’re making a decent gross profit. You know who your customers are, you know
“It seems simple enough. You’re making a decent gross profit. You know who your customers are, you know how much you are charging them for your product and you know how much they are buying. So no worries, right? Are You Collecting the Data You Need to Run Your Business? Well, do you know how
I just read a thought provoking book about forecasting the 21st century. It is titled, The Next 100 Years: A forecast of the 21st Century, by George Friedman. Friedman is the CEO of Stratfor a private intelligence and forecasting company located in Austin, Texas. Barron’s has labeled Stratfor the “Shadow CIA”. They have a web
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