Fundamentals Flashcards

1
Q

Best method of growing a small- to med-sized business

A

Word of mouth

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2
Q

Golden Circle - Simon Sinek

A

What, How and Why of your involvement in a business

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3
Q

Strategic planning

A

Focus on long term goals which align with mission and vision and outline the direction of the business for the next 3-5 years

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4
Q

Operational planning

A

Breaks down the 3-5 year strategic planning into smaller segments

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5
Q

SMART goals

A

Specific, measurable, attainable, relevant and timeley

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6
Q

OKR

A

Objectives and key results - a goal setting system that helps ensure that efforts are focused on the same important issues throughout the organization

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7
Q

Three Horizon Framework

A

A way to conceptulize what your business wants to accomplish in the short-term, mid-term and long-term

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8
Q

Business intelligence

A

Combines business analytics, data mining, data visualization, data tools and infrastructure, and best practices to help organizations make more data driven decisions

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9
Q

Business intelligence stack

A

The assortment of tools, technologies, and methodologies you need to collect, manage, visualize and apply your data

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10
Q

First step to creating a data driven team

A

Knowing what is being collected, where it is being housed and if there are any missing pieces

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