Use data to drive decisionmaking from "summary" of Scaling Up by Verne Harnish
Data is the key to making informed decisions in business. Without accurate and reliable data, leaders are left to rely on gut instinct and intuition, which can be risky in today's fast-paced and complex business environment. By using data to drive decision-making, companies can ensure that their strategies are based on facts and evidence, rather than assumptions or guesswork. One of the most important aspects of using data to drive decision-making is collecting the right data in the first place. This means identifying the key metrics that are relevant to your business and tracking them consistently over time. By collecting data on things like sales numbers, customer feedback, and employee performance, companies can gain valuable insights into their operations and identify areas for improvement. Once the data has been collected, it mus...
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