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Evidence-Based Decision-Making: How to Leverage Available Data and
Avoid Cognitive Biases examines how a wide range of factual
evidence, primarily derived from a variety of data available to
organizations, can be used to improve the quality of business
decision-making, by helping decision makers circumvent the various
cognitive biases that adversely impact how we all think. The book
is built on the following premise: During the past decade, the new
'data world' emerged, in which the rush to develop competencies
around business analytics and data science can be characterized as
nothing less than the new commercial arms race. The ever-expanding
volume and variety of data are well known, as are the great
advances in data processing/analytics, data visualization, and
related information production-focused capabilities. Yet,
comparatively little effort has been devoted to how the
informational products of business analytics and data science are
'consumed' or used in the organizational decision-making processes,
as the available evidence shows that only some of that information
is used to drive some business decisions some of the time.
Evidence-Based Decision-Making details an explicit process
describing how the universe of available and applicable evidence,
which includes organizational and other data, industry benchmarks,
scientific studies, and professional experience, can be assessed,
amalgamated, and funneled into an objective driver of key business
decisions. Introducing key concepts in relation to data and
evidence, and the history of evidence-based management, this new
and extremely topical book will be essential reading for
researchers and students of data analytics as well as those working
in the private and public sectors, and in the voluntary sector.
Marketing Database Analytics presents a step-by-step process for
understanding and interpreting data in order to gain insights to
drive business decisions. One of the core elements of measuring
marketing effectiveness is through the collection of appropriate
data, but this data is nothing but numbers unless it is analyzed
meaningfully. Focusing specifically on quantitative marketing
metrics, the book: Covers the full spectrum of marketing analytics,
from the initial data setup and exploration, to segmentation,
behavioral predictions and impact quantification Establishes the
importance of database analytics, integrating both business and
marketing practice Provides a theoretical framework that explains
the concepts and delivers techniques for analyzing data Includes
cases and exercises to guide students' learning Banasiewicz
integrates his knowledge from both his academic training and
professional experience, providing a thorough, comprehensive
approach that will serve graduate students of marketing research
and analytics well.
Evidence-Based Decision-Making: How to Leverage Available Data and
Avoid Cognitive Biases examines how a wide range of factual
evidence, primarily derived from a variety of data available to
organizations, can be used to improve the quality of business
decision-making, by helping decision makers circumvent the various
cognitive biases that adversely impact how we all think. The book
is built on the following premise: During the past decade, the new
'data world' emerged, in which the rush to develop competencies
around business analytics and data science can be characterized as
nothing less than the new commercial arms race. The ever-expanding
volume and variety of data are well known, as are the great
advances in data processing/analytics, data visualization, and
related information production-focused capabilities. Yet,
comparatively little effort has been devoted to how the
informational products of business analytics and data science are
'consumed' or used in the organizational decision-making processes,
as the available evidence shows that only some of that information
is used to drive some business decisions some of the time.
Evidence-Based Decision-Making details an explicit process
describing how the universe of available and applicable evidence,
which includes organizational and other data, industry benchmarks,
scientific studies, and professional experience, can be assessed,
amalgamated, and funneled into an objective driver of key business
decisions. Introducing key concepts in relation to data and
evidence, and the history of evidence-based management, this new
and extremely topical book will be essential reading for
researchers and students of data analytics as well as those working
in the private and public sectors, and in the voluntary sector.
Marketing Database Analytics presents a step-by-step process for
understanding and interpreting data in order to gain insights to
drive business decisions. One of the core elements of measuring
marketing effectiveness is through the collection of appropriate
data, but this data is nothing but numbers unless it is analyzed
meaningfully. Focusing specifically on quantitative marketing
metrics, the book: Covers the full spectrum of marketing analytics,
from the initial data setup and exploration, to segmentation,
behavioral predictions and impact quantification Establishes the
importance of database analytics, integrating both business and
marketing practice Provides a theoretical framework that explains
the concepts and delivers techniques for analyzing data Includes
cases and exercises to guide students' learning Banasiewicz
integrates his knowledge from both his academic training and
professional experience, providing a thorough, comprehensive
approach that will serve graduate students of marketing research
and analytics well.
Traditionally, organizational risk managers focused on cost
containment, aiming to attain the highest level of protection at
the lowest possible cost. More recently, the growing embrace of
enterprise risk management is prompting organizations to look at
risk management as a source of value creation and competitive
advantage. The leading enterprise risk management (ERM) frameworks
- ISO 31000 and COSO - present compelling rationale but leave the
"how-to" operational questions largely unanswered. Building on the
idea of "risk profiling," Banasiewicz presents his vision for how
the promise of ERM can be turned into an operational reality by
thoughtfully leveraging quantitative & qualitative, numeric
& text data. He outlines a step-by-step process for
transforming readily available and informationally-rich, though not
always well-utilized data into objective estimates of downside and
upside risks. The overall focus of Risk Profiling of Organizations
is on showing how otherwise diverse organizational exposures can be
looked at as different parts of a single whole.
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