Please enable JavaScript.
Coggle requires JavaScript to display documents.
A.7.BUSINESS ACUMEN - Coggle Diagram
A.7.BUSINESS ACUMEN
-
- Biz & Competitive Awareness
Connection: Combine w/ Comm, Consultation, Analytical Aptitude -> achieve goal
-
-
Macroenvironmental Forces Influencing Strategic Decisions
- PESTLE
- Improving Environmental Awareness - expand channel in & outside org (network)
- HR Advocacy (keep update HR knowledge)
Useful Biz Terminology:
- Supply & Demand
- Strategic plan
- Competitive advantage
- Financial projections
- Quality
- KPIs - key performance indicators
- Fixed & variable costs
- Revenue
- Net income
- Profit & los
Connection: Combine w/ Comm, Consultation, Analytical Aptitude -> propose recommendation
Biz Intelligence: ability to use infor -> deep understand orgComponents:
- Data gathering: from computer systems
- Data warehousing: data translate into standard format - ERP - enterprise resource planning
- Query & reporting capabilities: access & create report
BI Portals: point of access data & applicationBalanced Scorecard: tool to gather BI
- translate vision
- comm & link: overall objectives to all
- biz planning: integrate depts plan
- feedback & learning: ongoing performance
Analytical Processing:
- OLAP - online analytical process
Advanced Business Analytics
- focus on: backward, current or forward
- tận dụng machine learning to make decision
- Scenario Planning - what if
