Fundamentals Flashcards
Best method of growing a small- to med-sized business
Word of mouth
Golden Circle - Simon Sinek
What, How and Why of your involvement in a business
Strategic planning
Focus on long term goals which align with mission and vision and outline the direction of the business for the next 3-5 years
Operational planning
Breaks down the 3-5 year strategic planning into smaller segments
SMART goals
Specific, measurable, attainable, relevant and timeley
OKR
Objectives and key results - a goal setting system that helps ensure that efforts are focused on the same important issues throughout the organization
Three Horizon Framework
A way to conceptulize what your business wants to accomplish in the short-term, mid-term and long-term
Business intelligence
Combines business analytics, data mining, data visualization, data tools and infrastructure, and best practices to help organizations make more data driven decisions
Business intelligence stack
The assortment of tools, technologies, and methodologies you need to collect, manage, visualize and apply your data
First step to creating a data driven team
Knowing what is being collected, where it is being housed and if there are any missing pieces