What is Business Intelligence?
At Teradata business intelligence is viewed as a way for businesses to avoid the less-than-helpful results of inaccurate, insufficient data analysis using a procedural and technical infrastructure that collects, stores, and analyzes data produced by a company’s activities. BI is a broad term that encompasses data mining, process analysis, performance benchmarking, and descriptive analytics. BI parses all the data generated by a business and presents easy-to-digest reports, performance measures, and trends driving management decisions. Business intelligence addresses the needs of casual users, including executives, managers, front-line workers, customers and suppliers. It delivers reports, dashboards and scorecards that are tailored to each user’s role and populated with metrics aligned with strategic objectives and goals. This top-down style is powered by a classic data warehousing structure that consolidates enterprise data and enforces information consistency by transforming shared data into a common data model (schema) and BI semantic layer
What is Business Intelligence?
Definition: Entrepreneurship refers to the process of creating a new enterprise and bearing any of its risks, with the view of making the profit.
It is an act of seeking investment and production opportunity, developing and managing a business venture, so as to undertake production function, arranging inputs like land, labour, material and capital, introducing new techniques and products, identifying new sources for the enterprise.
The person who creates a new enterprise and embraces every challenge for its development and operation is known as an entrepreneur. And the undertaking or organisation, typically a startup company, set up by the entrepreneur is called enterprise.
Characteristics of Entrepreneurship
- Economic Activity: Entrepreneurship is an economic activity, as it involves designing, launching and running a new business enterprises in order to earn the profit, by ensuring best possible use of resources.
- Creativity and innovation: It involves discovering new ideas and implementing
What Is a Business Plan?
A business plan is a written document that describes in detail how a business—usually a new one—is going to achieve its goals. A business plan lays out a written plan from a marketing, financial and operational viewpoint.
Business plans are important to allow a company to lay out its goals and attract investment. They are also a way for companies to keep themselves on track going forward.
Although they’re especially useful for new companies, every company should have a business plan. Ideally, a company would revisit the plan periodically to see if goals have been met or have changed and evolved. Sometimes, a new business plan is prepared for an established business that is moving in a new direction.
While it’s a good idea to give as much detail as possible, it’s also important to be sure the plan is concise so the reader will
Innovation is an Easter Egg Hunt
“Think about innovation as an easter egg hunt. Opportunities are more likely to lie outside the boundaries of where others typically explore, because these areas have been less exhaustively searched already.”
– Tom Murcko
One Perspective on Innovating
“It is difficult to see the picture when you are inside the frame. (stated by John Doerr and Kleiner Perkins)”
– Kleiner Perkins
Startups in 13 Sentences (#4)
“Understand your users. You can envision the wealth created by a startup as a rectangle, where one side is the number of users and the other is how much you improve their lives. The second dimension is the one you have most control over. And indeed, the growth in the first will be driven by how well you do in the second. As in science, the hard part is not
Same Business, Two Different Leaders
“It’s fascinating how differently the same business can perform with two different leaders. We look first for intellectual honesty. It drives me crazy when you meet with management and there are real issues and they act like they aren’t there. Also important is a contrarian bent, a confidence to go against the prevailing trend. You generally don’t want people who are saying this is what we should do because this is what others are doing. You want people who are spending when others are not, and taking chips off the table when everybody else is putting them on.”
– Jeffrey Ubben
Leading and Motivating by Example
“A leader needs to communicate in a way that makes people feel what they need to do. As a leader of a large group you have to keep in mind that people need to
A contract whereby, for specified consideration, one party undertakes to compensate the other for a loss relating to a particular subject as a result of the occurrence of designated hazards.
The normal activities of daily life carry the risk of enormous financial loss. Many persons are willing to pay a small amount for protection against certain risks because that protection provides valuable peace of mind. The term insurance describes any measure taken for protection against risks. When insurance takes the form of a contract in an insurance policy, it is subject to requirements in statutes, Administrative Agency regulations, and court decisions.
In an insurance contract, one party, theinsured, pays a specified amount of money, called a premium, to another party, the insurer. The insurer, in turn, agrees to compensate the insured for specific future losses. The losses covered are listed in the contract, and the contract is called a
What Is a Social Entrepreneur?
A social entrepreneur is a person who pursues novel applications that have the potential to solve community-based problems. These individuals are willing to take on the risk and effort to create positive changes in society through their initiatives.
- A social entrepreneur is interested in starting a business for greater social good and not just the pursuit of profits.
- Social entrepreneurs may seek to produce environmentally-friendly products, serve an underserved community, or focus on philanthropic activities.
- Social entrepreneurship is a growing trend alongside socially responsible (SRI) and ESG investing.
Understanding Social Entrepreneurs
While most entrepreneurs are motivated by the potential to earn a profit, the profit motive does not prevent the ordinary entrepreneur from having a positive impact on society. As Adam Smith explained in The Wealth of Nations (1776), “It is not from the benevolence of the butcher, the brewer, or the baker