Tagged ‘Data Collection’
As management practice becomes increasingly complex, the professionals within the sector have embarked on a program to codify and therefore disseminate basic tenets of business performance management. It is no longer enough to manage by instinct and talents. Executives are requires to attend training courses and could even obtain qualifications in management. This article will look back at the brief history of business performance management.
Even before it became a business concept that is we there were applications of business performance in a non-office environment. For examples Tzu framed it in terms of understanding the relative weaknesses of the opponent and competitor.
This understanding of business performance management was particularly useful when undertaking warfare. It would involve the inversion of the formula so that one could examine their own organization and apply the same rigorous standards that they would apply to an enemy. It still involved the essential ingredients of data gathering which was then deciphered and turned into practical information. Read the rest of this entry
At whatever point that a business owner or operator decides that good business intelligence is going to be a crucial part of their activities, it is important to assess and select some of the various tools that will assist towards achieving the ultimate objective of creating a viable business.
One of those tools will have to be Online Analytical Processing (OLAP). The purpose of this article is to provide a generalized framework in which the data skimmed online can be processed and eventually embedded within the day to day infrastructure of a business.
Of course, the level of detail, investment and sophistication will vary between a small firm and the multinational organization. However the basic concepts still remain the same. Read the rest of this entry
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