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It would not be entirely surprising if a large percentage of small to medium sized businesses were somewhat unable to articulate the concept of business intelligence and how it affects their firm. This does not mean necessarily mean incompetence or willful negligence. It might very well be that these businesses are in fact using business intelligence but have either not identified it or could have identified it under a different name.
The purpose of this article is to give a brief overview of the role that business intelligence can play in the effective administration of an entrepreneurial adventure. In the briefest manner possible, I will attempt to explore some of the broader themes that run through this concept.
Business Intelligence, business strategy, Costing, Functional Decisions, HR Management, Market Segment, Perspective, Strategic Planning, Structural Efficiencies
It is only logical to expect that business intelligence (BI) will be available to the key decisions makers given the fact that its primary purpose is to allow them to make effective and informed decisions. One of the key tools to achieve this goal is the dashboard. At its best, it enables employees from quite varying locations to access, interpret and even share business intelligence. The dashboard also saves them from the hassle of actually going to the data sources in order to negotiate the details. This article highlights the basic features of the business intelligence dashboard and how they can be used to improve the quality and appropriateness of business intelligence.
Essentially the dashboard has many of the characteristics of any given executive information system in as much as it gathers data from various sources and presents them in one place for the database interrogator. Some dashboards are so effective that to the uninitiated it could appear that the data was extracted from one source. A case in point where market trends from online analytic are combined with in house product sales information to create a marketing mix that flashes up on the dashboard. This is the essence of market intelligence in as much as it involves the collation of disparate data which is converted into highly sophisticated management information.
Business Intelligence, Comparative Analysis, Interdepartmental, Market Intelligence, Marketing Mix, planning and strategies, Relational Patterns, Scenario Frameworks
A B2B business is about selling and buying on the Internet. A business product is being sold to another business. This is what it means. For example, a business on Internet sells toys. On a global platform, you can export your toys through Internet. So, a Canada manufacturer of toys can sell toys to Spain or England or to any other city or country in the world.
B2B ensures that you can sell any product to anyone in the world which is aimed at commercial purpose. But these products have to be safe, secured and should not cause any harm or damage to the consumer. B2B products include food, toys, chemicals that are non-hazardous, furniture, jewelry, gift articles, foot wear, clothes, electronics, household appliances, kitchen appliances or any product that is useful to the consumer.
B2B, B2B Platform, B2B Portal, Business Exposure, business product, capital investment, export import business, Internet, manufacturer, practicing B2B, profit oriented business, Trading Platform
