insight

Examples of insight in the following topics:

• Evaluate the Results

  • The objective of evaluating outcomes is for the decision maker to develop insight into the decision.
  • Insight can be obtained by referencing key business metrics such as increased revenue, lowered costs, larger market share, or greater consumer awareness.
  • Recognize the appraisal stage and the development of future insights as the final stage in the decision-making process

• SWOT Analysis

  • Performing a SWOT analysis allows a business to gain insights into its internal strengths and weaknesses and to relate these insights to the external opportunities and threats posed by the marketplace in which the business operates.

• The Systems Viewpoint

  • Only a systems-thinking approach can lead to this realization because systems thinking provides insight into how problems that manifest in a specific location can spring from distant, seemingly unrelated locations.
  • Only a systems-thinking approach can lead to this realization because systems thinking provides insight into how problems that manifest in a specific location can spring from distant, seemingly unrelated locations.

• Overview of Strategic Planning Tools

  • Strategists have developed a large array of tools useful in plan formulation, all of which provide unique insights and advantages.
  • Strategists have developed a large array of tools useful in the assessment of strategic planning, all of which provide unique insights into the feasibility and profitability of a given operational project.

• Rational Decision Making

  • The process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight.

• The Mission Statement

  • Discrepancies between these two assessments can provide insight into the effectiveness of the organization's mission statement.

• The Organizational Chart

  • The org chart can also provide insight into the broader strategy of the company—such as the degree of innovation versus process control being pursued, the flexibility of project management, the degree of autonomy, and the broader company culture.

• Knowledge Management and Behavior Modification

  • Knowledge management is the range of strategies and practices used by an organization to identify, create, represent, distribute, and enable the adoption of employee insights and experiences.
  • These insights and experiences constitute the company's "knowledge," either embodied in individuals or embedded in organizations as processes or practices.

• Considerations when Managing a Global Corporation

  • Researching the failure of companies, such as Best Buy and Home Depot in China, and bench-marking this against the success of Pizza Hut or BMW, provides substantial insights as to the importance of localization to global managers.
  • Researching the failure of companies, such as Best Buy and Home Depot in China, and bench-marking this against the success of Pizza Hut or BMW, provides substantial insights as to the importance of localization to global managers.

• The Value of Analytics in Decision Making

  • Analytics refer to the use of skills, technologies, and practices to explore and investigate past performance, gain insight, and drive business decision making.