Business Performance Management
Intelligence
Strategic Alignment
Establishing Key Performance Indicators
Cost Analysis
Analyzing Business Insights
Assessment
Key Performance Indicators Overview
Key Performance Analysis 
Key
Performance Analysis (KPA) is a systematic approach used in
business analytics to evaluate and measure the performance of various business activities
...See Also Business Performance
Management Data Analysis Strategic Decision Making Autor: RobertSimmons
...
Intelligence In the context of
business, "intelligence" refers to the collection, analysis, and interpretation of data to inform decision-making processes
...intelligence can be categorized into several types, each serving a unique purpose: Descriptive Intelligence: Focuses on past
performance to understand what has happened in the business
...Risk
Management Proactive identification of potential risks allows businesses to mitigate them before they escalate
...
Strategic Alignment This concept is critical in the fields of
business, business analytics, and business intelligence
...strategic alignment ensures that all parts of the organization are working together toward common goals, thereby enhancing overall
performance and competitiveness
...Risk
Management: Analytics can identify potential risks and help organizations develop strategies to mitigate them
...
Establishing Key Performance Indicators Key
Performance Indicators (KPIs) are measurable values that demonstrate how effectively a company is achieving its key
business objectives
...Decision Making: They inform
management decisions by providing data-driven insights
...
Cost Analysis Cost analysis is a systematic approach to evaluating the costs associated with a
business decision, project, or operational process
...It plays a crucial role in business
management and is a fundamental component of business analytics
...Performance Measurement: Evaluates the efficiency and effectiveness of operations
...
Analyzing Business Insights Analyzing
business insights is a critical aspect of business analytics that focuses on understanding historical data to inform decision-making processes
...analytical techniques to interpret data, identify trends, and derive actionable insights that can help organizations enhance their
performance and competitiveness
...Risk
Management: Understanding historical data helps in anticipating potential risks and mitigating them effectively
...
Assessment In the context of
business, assessment refers to the systematic evaluation of an organization's
performance, processes, or products
...Balanced Scorecard A performance
management tool that provides a view of an organization from multiple perspectives
...
Key Performance Indicators Overview Key
Performance Indicators (KPIs) are measurable values that demonstrate how effectively a company is achieving its key
business objectives
...Decision Making: KPIs guide
management in making informed decisions based on data
...
Business Effectiveness Business Effectiveness refers to the ability of an organization to achieve its goals and objectives efficiently and effectively
...Effectiveness Business Effectiveness can be broken down into several key components, each contributing to an organization's overall
performance ...Quality
Management: Implementing quality control measures to ensure products and services meet customer expectations
...
Corporate Governance This includes shareholders,
management, customers, suppliers, financiers, government, and the community
...Risk Management: Helps in identifying, assessing, and managing risks associated with
business operations
...Transparency: Providing timely and accurate information regarding the company’s financial
performance and governance practices
...
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