Datadriven decision-making enhances the effectiveness of strategies from "summary" of The Power of Strategy Innovation by Robert E. JOHNSTON,J. Douglas BATE
Data-driven decision-making lies at the heart of effective strategy innovation. By making decisions based on data and evidence rather than gut feelings or intuition, organizations can significantly enhance the effectiveness of their strategies. The use of data allows for a more accurate understanding of the current situation, enabling leaders to make informed choices that are more likely to lead to successful outcomes. Data-driven decision-making provides a solid foundation for strategy development by ensuring that choices are rooted in facts rather than speculation. This approach helps organizations to identify trends, patterns, and opportunities that may have otherwise gone unnoticed. By analyzing and interpreting data, organizations can gain valuable insights that inform their strategic direction and guide decision-making processes. Furthermore,...
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