Top Ten Things About Creating a Business Vision

Written by Martin Haworth

To visualise where you are going, is deeper and more sensory than anything you have ever done before. A clear, focused Vision isrepparttar most effective thing a leader can have, andrepparttar 145456 most useful item he or she can share. With his or her people. Here's howrepparttar 145457 best set about it easily.

To visualise where you are going, is deeper and more sensory than anything you have ever done before. And these arerepparttar 145458 skills of those who are able to create a vision you can really live and breathe. These people...

  1. Are Focused

    They are able to visualise in a focused and very clear way what 'perfect' will truly look like inrepparttar 145459 future.

  2. Involve Others

    Bring others intorepparttar 145460 contribution, such that they might try things they might never have before.

  3. Realise Core Strengths

    Whilst being ultra-keen to grow and evolve, these people are true torepparttar 145461 core strengths ofrepparttar 145462 organisation and seerepparttar 145463 future through that.

  4. Take Time Out

    Makerepparttar 145464 time for themselves and help others to free up thinking room. And use it fully.

  5. Playrepparttar 145465 Game

    They encourage a creative environment and take full part personally. They themselves set out to find ways of generating novel and fun ways to make this live.

Business Intelligence 101

Written by Robert Flanglin

The goal of every business is to be successful by gaining new customers and retaining old customers. A crucial way of achieving this end is through “Business Intelligence.” Business intelligence is also known as simply BI. Business intelligence can be defined as a process of collecting information inrepparttar area of business. An essential idea of business is that data is enhanced into information and then into knowledge. Business use BI to gain an advantage inrepparttar 145455 marketplace by understanding their customer’s needs, customer’s decision-making processes, and economic, cultural, and technological trends. Business intelligence involves analyzing not onlyrepparttar 145456 customer butrepparttar 145457 entire industry as a whole. Finally, business intelligence is driven by a goal set byrepparttar 145458 company. The goal can be short term or long term.

History of Business Intelligence

Business intelligence was first referred to in Sun Tzu’s “Art of War.” Tzu claimed that in order to win a war you had to have complete knowledge and understand of your strengths and weaknesses as well as those of your enemy. This isrepparttar 145459 core idea behind modern business intelligence. A company must know itself better than anyone else, and know its customers and competitors better than anyone else. It is ironic how much business and warfare are alike. In BI, one must sift through heaps of data (both external and internal) for management to then device strategies for marketing and where to takerepparttar 145460 business.

Key Performance Indicators

In BI,repparttar 145461 present state of business is assessed byrepparttar 145462 use of Key Performance Indicators (KPI). Data is becoming available to businesses faster as more organizations implement KPI. Inrepparttar 145463 past, data was available after one or two months, which did not help businesses adjust their strategies in a timely manner. More recently, however, banks have tried to make data available sooner and with shorter intervals, especially for businesses that have higher operational/credit risk loading (I.E. wealth management and credit cards). Some companies can get data weekly, which helps them adjust their strategies more efficiently than ever before.

Cont'd on page 2 ==> © 2005
Terms of Use