Question
In: Computer Science
Identify any four external factors that Business Intelligence must focus on for it to be effective...
Identify any four external factors that Business Intelligence must focus on for it to be effective as a tool by which the business obtains competitive advantage.
Solutions
Expert Solution
Following are the four external factors that Business Intelligence must focus on obtains competitive advantage:-
1. The most important factor is to understand the demand of the market at the current situation because on focussing on the market demand if you are able to provide those same products then it will definitely increase the sales.
2. Keep working on the reviews or rating which your customers are given on your products and try to modify or improve the quality according to the reviews so that it increases the sales.
3. Keep tracing that what's going in other organization that is related to your business because if you are to know their upcoming projects then you are able to launch the same projects in the market before then with better quality.
4. Always try to work on Price or costs of the product and try to reduce the price of the products so that your products are available in the market with lesser price than any others
venereology answered 11 months agoRelated Solutions
Explain Business Intelligence in three to four paragraphs. Focus upon what it is, its architecture and...
Explain Business Intelligence in three to four paragraphs.
Focus upon what it is, its architecture and purpose.
Identify four entities external to the organization that would be affected by a disaster. Business Communication:...
Identify four entities external to the organization that would
be affected by a disaster.
Business Communication: BCP and Disaster Recovery
Identify and briefly explain any two factors that have led to the increasing importance of business...
Identify and briefly explain any two factors that have led to
the increasing importance of business intelligence.
Identify and discuss four inherent operational risk factors in terms of the business exposures and potential...
Identify and discuss four inherent operational risk factors in
terms of the business exposures and potential consequences that Mr
Baloyi will face according to the business strategy. Explain
possible mitigating measures that can be taken to
minimise/eliminate the risk (The maximum length of your answer
should be one page).
Scenario
The cement industry in South Africa is currently undergoing mixed
sentiments by various economic and financial specialists. From an
economic perspective, this industry should grow, especially in view
of the...
What are the business strategies for the internal and external factors on mcdonald corporatio. Internal Factors...
What are the business strategies for the internal and external
factors on mcdonald corporatio.
Internal Factors
Finance/Accounting, Production & Operations, Research &
Development, Computer Information System
External Factors
Political, Economic, Sociosultural,
Technology.Environmental,Legal
External and internal environmental factors are equally important for a business organization.explain
External and internal environmental factors are equally important
for a business organization.explain
Analyse external environment facing Severstal using PESTLE and identify the key external factors which impact on...
Analyse external environment facing Severstal using PESTLE and
identify the key external factors which impact on the company
1. What is the purpose of Accounting in Society? 2. Identify four External and four Internal...
1. What is the purpose of Accounting in Society?
2. Identify four External and four Internal users and describe
how they use accounting information.
3. Describe the three basic forms of business organization and
their key attributes in detail.
4. Discuss the three major business activities in organization
in detail.
5. What information is reported in income statement and in
balance sheet. Discuss and give examples for both.
Question : Identify and describe two specific instances of business intelligence that (to the best of...
Question :
Identify and describe two specific instances of
business intelligence that (to the best of your current knowledge)
your organization does not currently have, but should aggressively
pursue obtaining or creating within the next 2 – 6 months. In the
space below: describe the intelligence you think you need to
pursue, tell me what data the intelligence should be based upon,
tell me how that data could be collected, tell me how the raw data
should be turned into...
Question : Identify and describe two specific instances of business intelligence that (to the best of...
Question :
Identify and describe two specific instances of
business intelligence that (to the best of your current knowledge)
your organization does not currently have, but should aggressively
pursue obtaining or creating within the next 2 – 6 months. In the
space below: describe the intelligence you think you need to
pursue, tell me what data the intelligence should be based upon,
tell me how that data could be collected, tell me how the raw data
should be turned into...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- A company produces three different type of chocolates. A, B, and C. The sales volume for...
- When considering labeling someone with a disorder it is important that we use the most up...
- 7. The director of career advising at Rutgers want to use decision analysis to provide...
- Looking for assistance with the "sketch/graph" part of the below question:Consider the following projects, X and...
- Please remember that this assignment must be posted in APA format with at least two scholarly...
- Emily and her friends sell newspaper ads for the Bronc to supplement their income each year....
- Choose one of the financial statements that were covered in this module: The Balance Sheet, The...
ADVERTISEMENT