Business Acumen
The ability to understand and deal with various business situations, making sound decisions to ensure successful outcomes.
208 topics found for
“business decisions”
BI
Business Intelligence (BI) encompasses technologies, applications, and practices for the collection, integration, analysis, and presentation of business information.
BRE
Business Rules Engine (BRE) is a software system that executes one or more business rules in a runtime production environment.
Prescriptive Analytics
The use of data, algorithms, and machine learning to recommend actions that can achieve desired outcomes.
Business Analytics
The process of using statistical analysis and modeling to explore and interpret business data to make informed decisions.
ROI
Return on Investment (ROI) is a performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of different investments.
Cost-Benefit
An analysis comparing the costs and benefits of a decision or project to determine its feasibility and value.
McNamara Fallacy
The error of making decisions based solely on quantitative observations and ignoring all other factors.
Groupshift
A phenomenon where group members make decisions that are more extreme than the initial inclination of its members due to group discussions and interactions.