Module 4 Flashcards
Delineates how an organization currently operates and envisions its future course.
Strategy
Addresses one year at a time.
Strategy
Aligns the organization’s business domain, resources, and activities with the market in which it operates.
Strategy
Strives to address immediate challenges while concurrently cultivating sustainable competitive advantages for the long term.
Strategy
True or False.
It is crucial for strategies to be aligned with the organization’s mission and vision.
True
True or False.
While alignment with the organization’s mission and vision is important, it’s acceptable for strategies to deviate from these principles for short-term gains.
False
True or False.
Strategies should ensure a purpose-driven approach towards overarching goals.
True
True or False.
Strategies can disregard the need for a purpose-driven approach and still effectively achieve overarching goals.
False
What are the following key roles in analytics?
- Data Steward
- Data Engineer
- Data Scientist
- Functional Analyst
- Analytics Manager
What are the common roles in analytics?
- Leadership Team
- Department Head
- IT Engineer
Summarize how analytics work in an organization.
- The retail sore set a goal to increase their market share from 10% to 15%.
- The department head then sets a meeting on how to achieve the goal.
- The functional analyst then suggest to check their sales data to focus on a targeted audience.
- The data steward provides only the necessary data.
- The data scientist then made a model to test the functional analyst’s idea.
- The functional analyst presents their new profound idea backed-up with data to their department head.
- The functional analyst and the department head then present this to their CEO.
- The CEO approves and gives the green light to implement the idea.
What step is:
The retail sore set a goal to increase their market share from 10% to 15%.
First
What step is:
The department head then sets a meeting on how to achieve the goal.
Second
What step is:
The functional analyst then suggest to check their sales data to focus on a targeted audience.
Third
What step is:
The data steward provides only the necessary data.
Fourth
