Harvard Business Review: Competing on Analytics

Posted by & filed under Business Analytics.

Description: HBR article for discussion that presents the competitive advantage related to appropriate use of business analytics.  Analytics competitors use sophisticated data-collection technology and analysis to wring every last drop of value from every available business processes. With analytics, one discerns not only what the customers want but also how much they’re willing to pay… Read more »

BPO – What is Business Process Outsourcing?

Posted by & filed under Business Process Outsourcing, Outsourcing.

Description: General purpose of outsourcing is to increase efficiency, reduce costs & to acquire innovative capabilities quickly-by buying the capabilities instead of developing them.  Outsourcing can be a source of strategic advantage.  It can be a disadvantage if cost begins to spiral upward. Source: Sourcingmag.com Link: http://www.sourcingmag.com/content/what_is_bpo.asp Discussion Questions: Describe what is meant by the “lean… Read more »

Wikipedia Entry – Business Intelligence

Posted by & filed under Business Analytics, Business Intelligence.

Description: Link to Wikipedia BI definition & clarification.  Business Intelligence (BI) – Common functions of business intelligence applications are reporting, OLAP, analytics, data mining, business performance management, benchmarks, text mining, and predictive analytics.  BI is computer-based decision analysis usually done online by managers & staff. Source: Wikipedia Date: 12/1/2010 Link:  http://en.wikipedia.org/wiki/Business_intelligence Discussion Questions: Define Business Intelligence and… Read more »

Wikipedia Entry – Business Analytics

Posted by & filed under Business Analytics, Social Networks.

Description: Definitions, and the understanding of their meaning, are foundational to building a knowledge base.  The definition of “business analytics” is from Wikipedia and is presented for discussion as we begin to study this topic.  Business analytics is defined in this source as the extensive use of data, statistical and quantitative analysis, explanatory and predictive modeling,… Read more »

Flickr Homepage

Posted by & filed under Social Networks.

Description: Link to Flickr, a social network.  Illustrates the pervasive use of social networks and the advantages to business in developing an understanding of the importance of these relationships organization-wide. Source: www.flickr.com Date: 12/1/2010 Link: http://www.flickr.com/ Discussion Questions: How might organizations use social networks to their advantage? What is key to social network success? What is unique… Read more »