Learn English: Decoding Business Data: Knowing When to Act (normal)

3 days, 10 hours ago

Decoding Business Data:  Knowing When to Act

Analyzing business metrics requires understanding that some fluctuations are normal while others indicate genuine problems needing attention.

Prioritize key performance indicators (KPIs) that provide a holistic view of your business's trajectory; these require daily monitoring.

Don't jump to conclusions based on single data points; investigate patterns across multiple metrics to identify significant trends.

Evaluate the costs associated with both reacting and overlooking potential issues; an informed decision requires considering both scenarios.

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Source

Original: Entrepreneur

Tags

#business metrics #data analysis #decision making #KPI #product management

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