From the course: Data-Driven Decision-Making for Business Professionals
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Leveraging data to drive business decisions
From the course: Data-Driven Decision-Making for Business Professionals
Leveraging data to drive business decisions
- So thinking about those crab cakes again, you did a little research, figured out how restaurants get their supplies and can serve quality food at a competitive price. You're chatting with a friend about this who's all excited and says, "That's awesome. You should start your own restaurant." You smile and nod, but start thinking, "I have no restaurant experience. I'm not even working in that industry. A restaurant's going to cost a fortune to start. No clue who I'd hire. There's just no way I'm undertaking that kind of effort just for some cheap crab cakes." This same challenge, though, is what we do with our business recommendations all the time. We present a great recommendation without considering our organizations. Here's what I mean. We have a need to increase revenue, so you look at marketing data and see that younger generations use social media to purchase products. So you put your action statement together…
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