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Business - Coggle Diagram

- - - - One small change in the data can change the whole structure of the decision tree
      - can be "short-sighted" when looking for solutions to business problems
      - Can be undetailed
    - - easy to interpret and explain to others within the business
      - logical and mathematical
      - does not require scaling of data
      - Missing values in the data also do NOT affect the process of building a decision tree to any considerable extent
  - - - Captures seasonality and trends
      - Relatively simple to implement
      - Effective for short-term forecasting
    - - Less effective for long-term projections
      - May struggle with sudden, unforeseen events
      - Highly dependent on the quality of historical data
- - - - Allows companies to cut down on their costs by sharing technology, marketing efforts, research and development (R&D), production, and distribution.
      - Reduced competition
      - Increased market share
      - Access to new markets
    - - Reduced flexibility
      - Leadership or culture clash
      - operational challenges
- - - - Offers shareholders liquidity
      - Greater ability to raise capital and pursue acquisitions by offering shares.
    - - Increased scrutiny and regulations
      - A lot of shareholders can make it harder to make business decisions
      - Lose percentage of business to shareholders
  - - - Increased control over business
      - Don't lose percentage of business
      - Easier to make business decisions
    - - Cannot raise finance through issuing shares
      - Less stakeholders in the business