Strategic Management Tools
Maximize Value Creation
Resource Allocation
Data Analysis for Strategic Decision-Making
Change Management
Planning
Management Reporting
Using BI for Performance Measurement
Strategic Decision Making 
Strategic Decision Making is a critical process in business that involves making choices that will shape the direction and success of an organization
...This article explores the key components, methodologies, and
tools used in strategic decision making, particularly in the context of Business Analytics and Predictive Analytics
...Its application in strategic decision making includes: Risk
Management: Predicting potential risks and developing mitigation strategies
...
Assessment Market Assessment: Analyzes market trends, customer needs, and competitive landscape to inform
strategic decisions
...Data Analysis: Analyze the collected data using statistical methods or analytical
tools to extract meaningful insights
...Balanced Scorecard A performance
management tool that provides a view of an organization from multiple perspectives
...
Maximize Value Creation This article explores the principles, methodologies, and
tools that contribute to effective value creation in business
...Customer-Centric Strategies Focusing on customer needs and preferences is vital for value creation: Customer Relationship
Management (CRM): Tools and strategies to manage customer interactions
...Financial Analysis: Evaluating financial performance to inform
strategic decisions
...
Resource Allocation Effective resource allocation can significantly impact a company's performance and its ability to achieve
strategic objectives
...Facilitates Risk
Management: Allocating resources appropriately can help mitigate risks associated with project failures
...Utilize Data Analytics: Leverage business analytics
tools to analyze resource usage and performance
...
Data Analysis for Strategic Decision-Making Data analysis for
strategic decision-making refers to the process of collecting, organizing, and interpreting data to inform business strategies and enhance decision-making processes
...Data Analysis
Tools Several tools are available to facilitate data analysis, each offering unique features and capabilities
...Finance: A financial institution utilized prescriptive analysis to enhance risk
management strategies, reducing loan defaults by 15%
...
Change Management Change
Management is a structured approach to transitioning individuals, teams, and organizations from a current state to a desired future state
...It involves the application of knowledge,
tools, and resources to manage the people side of change to achieve the required business outcome
...utilizing effective models, and addressing potential challenges, organizations can navigate change successfully and achieve their
strategic objectives
...
Planning Planning is a fundamental
management function that involves setting objectives and determining a course of action for achieving those objectives
...This article explores the various aspects of planning within these fields, including its importance, types, processes, and
tools ...purpose: Type of Planning Description
Strategic Planning Long-term planning focused on the overall direction of the organization
...
Management Reporting Management reporting refers to the process of collecting, analyzing, and presenting data to assist managers in making informed decisions regarding the operations and strategy of an organization
...aspects of business management: Informed Decision-Making: Provides managers with the necessary information to make
strategic decisions
...Tools and Technologies for Management Reporting Organizations often utilize various tools and technologies to enhance their management reporting processes: Business Intelligence (BI) Tools: Software that helps in data analysis and visualization, such as Tableau and Power BI
...
Using BI for Performance Measurement Business Intelligence (BI) encompasses a variety of
tools and techniques that help organizations analyze data to make informed decisions
...It involves collecting data, analyzing it, and using the insights gained to make
strategic decisions
...QlikView Associative data modeling, self-service analytics Customer behavior analysis, inventory
management SAS Advanced analytics, predictive modeling Risk management, workforce performance evaluation Implementing BI for Performance
...
Resource Assessment This process helps businesses make informed decisions regarding resource allocation, optimization, and
strategic planning
...Technological Resources:
Tools, software, and hardware that support business operations
...Risk
Management Assessing resources helps identify potential risks and develop mitigation strategies
...
Nebenberuflich selbstständig 
Nebenberuflich selbständig ist, wer sich neben seinem Hauptjob im Anstellungsverhältnis eine selbständige Nebentigkeit begründet.
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