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BNET Business Dictionary
- Strategy
- a course of action, including the specification of resources required, to achieve a specific objective
- Strategy definition on BNET »
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- Kepner Tregoe Decision Making
- Kepner Tregoe decision making is a structured methodology for gathering information and prioritizing and evaluating it. This is a rational model that is well respected in business management circles. An important aspect of Kepner Tregoe decision making is the assessment and prioritizing of risk. So the idea is not to...
- White papers 2008-01-01
- Business Decision Making Models
- The vast majority of business decision making models used in organisations nowadays are of the rational type. These models typically involve a listing of possible alternatives, with a comparison of the pros and cons of each. Then a rational, logical and sensible approach to picking the best option. Some of...
- White papers 2008-01-01
- Angel Investor Decision Making
- An angel's due diligence plays a vital role in potential investments. By examining market and industry trends, the competitive outlook for a company, and the profiles of the founders and management team, the angel investor can assure the deal is legitimate and establish a foundation for future investment and growth....
- White papers 2008-01-01
- Effective Decision Making In Business Management
- Business management is one of the much appreciated jobs positions in the world. The manager is required to have a keen eye so that he makes sure that all the business in running smoothly and there are no stones on the way of success and no decrease in the amount...
- White papers 2007-12-01
- The Future of Innovation Management; Hamel and Bryan Speak
- Gary Hamel and Lowell Bryan offer similar perspectives on the future role of management in their respective books, "The Future of Management" and "Mobilizing Minds" (co-authored by Claudia Joyce). Each calls for organizational change so managers an direct employees with the same innovative energy that is devoted to product development -- minimizing complexity and harnessing every...
- Blog posts 2007-11-20
- Making Judgment Calls
- The Idea in Brief A leader's judgment can make or break the organization. The best leaders make a high percentage of good calls (whom to hire, what strategy to implement, or how to handle a crisis) at...
- Articles 2007-11-07
- Improving Customer Loyalty
- Retaining customer loyalty is vital to the long-term success and profitability of your business. With industry consolidation, increasing competition, and changes in the marketplace, you need to work harder than ever to maintain a strong customer base. Improving customer loyalty is an essential element in customer retention. What You...
- Articles 2007-10-10
- Benefiting from the Balanced Scorecard
- Harvard professors Robert Kaplan and David Norton developed the balanced scorecard to help translate vision and strategy into action. This technique can make strategic planning a core part of any business. They showed that financial analysis, which is largely a look backward over past performance, isn’t enough to guide long-term...
- Articles 2007-10-03
- The Role of Feelings and Emotion in Decision Making
- People love to characterize emotion and feelings as toxic to rational, objective decision making. "Be cool and dispassionate," they say. While theres some truth to that, there is also evidence to suggest that emotions are crucial in rational decision making (Antonio Damasio, author of Descartes Error, is an influential proponent...
- Blog posts 2007-04-06
- Risk Management In Strategic Decision Making
- Risk management is not new. Insurance companies have been doing it for centuries. Unfortunately, they do not have an exemplary track record, as losses over the past decade have shown. Some risks have been badly managed and others completely overlooked. However, the industry's position has been changing rapidly over the...
- White papers 2007-03-01
- Risk Decision Making: Whose Call Is It?
- A decision-maker will to some degree always apply his or her own personal risk tolerance to a decision. Consequently, if security leadership has been empowered to make major risk decisions, they should try very hard to be as aware as possible of business management's risk tolerances. If security leadership isn't...
- White papers 2007-01-01
- Last Things First: Embracing A Product Life-Cycle Framework
- Increasing demands on cost reduction, continuity of supply, and materials quality together with rapidly changing technology and intensifying competition have significantly broadened the scope of procurement, and elevated its stature at the corporate level. Modem purchasing managers may do more forecasting and planning, command greater decision-making authority, develop and implement...
- White papers 2006-10-01
- Arrows In The Decision-Making Quiver
- By now it's become conventional wisdom that the business world has moved from the information age to the knowledge era. In the information age, information was a relatively scarce resource that conferred competitive advantages on those who obtained it. In the knowledge era, by contrast, information is virtually free. We...
- White papers 2006-10-01
- Risk Management Is A Fundamental Component Of The Decision-Making Processes Of Dongbu Insurance
- Risk management is a fundamental component of the decision-making processes of Dongbu Insurance. In fact, the Company's risk management system is integral to all business operations. In line with the Company's risk-management principles, relevant risks are constantly monitored, assessed, and controlled. The Risk Management Committee serves as the Company's decision-making...
- White papers 2006-09-19
- On the Development of Knowledge Management Services for Collaborative Decision Making
- Admitting that the quality of a decision depends on the quality of the knowledge used to make it, it is argued that the enhancement of the decision making efficiency and effectiveness is strongly related to the appropriate exploitation of all possible organizational knowledge resources. Developing such tools should be in...
- White papers 2006-09-01
- Basics of Strategic Decision Making
- Complexity and turbulence in the world at large have been facts of life, looming larger and larger in peoples concerns. Until today there is hardly anyone not affected by them. One lives in a world of change, often of surprising change. However, the author likes to emphasize the word 'Often',...
- White papers 2006-02-09
- Using Knowledge-based Processes to Improve Enterprise System Effectiveness
- A significant investment in resources is required for implementation of integrated enterprise systems while the effectiveness of these systems to achieve business benefits remains unclear and empirically largely unexplored. Organizations are realizing that it's not enough to put in an enterprise system and expect an automatic improvement. The business benefits...
- White papers 2005-11-17
- Communication And Decision-Making By Central Bank Committees: Different Strategies, Same Effectiveness?
- The paper assesses the communication strategies of the Federal Reserve, the Bank of England and the European Central Bank and their effectiveness. It was found that the effectiveness of communication is not independent from the decision-making process in the committee. The paper shows that the Federal Reserve has been pursuing...
- White papers 2005-05-01
- The Insight-to-Action Loop: From Theory to Practice
- Many companies struggle to transform information into usable insights, actions, and results. They can founder at any of the five stages of the insight-to-action loop-sensing, analyzing, deciding, acting, or monitoring. Based on a research the paper reports that executive must change their decision-making processes, implement new information management practices, and...
- White papers 2005-04-01
- Whether to Strengthen?: Risk Analysis for Strengthening Decision-Making
- Based on recent practical experiences, this paper suggests that a relatively simple risk analysis combined with an equally straightforward structural failure analysis can be used to identify whether such structures are unsafe and constitute a risk to life; such an analysis can also identify both priorities for strengthening among a...
- White papers 2005-03-17
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