important

You’re More Important Than Your Business Plan

“Would you take a look at my business plan?”

Some member of our staff at Echoing Green, an angel investor and grantmaker in social enterprise, hears this request every week. And we are often happy to review these start-up plans — which include the typical elements such as a product description, competitive analysis, estimate of market size, and projected financials. But we are interested in much more than these traditional plans. We use other criteria to find new people and ideas that can create large-scale social change.

In short, the business plan is overrated.

Like the vast majority of start-ups, most new social enterprises are bootstrapping efforts. As Amar Bhide said in “Bootstrap Finance: The Art of Start-ups” (a 20-year-old HBR article that is an uncanny precursor to today’s “lean startup” meme), traditional business planning processes are less relevant to bootstrappers — where resilience trumps planning and energy trumps experience.

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Important Key Features of BI Software

If you’re in the market for BI software, it’s vital to know the essential business intelligence features to look for. Here’s our recommended list of the 10 key features of business intelligence tools that will help any organization improve their business strategies.

Read on for insight into the most important features of business intelligence applications that organizations want, based on our research gathered from surveys with real business intelligence software buyers.

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Key Business Intelligence Features

The most important business intelligence features include:

1. Ranking Reports

Ranking reports let you easily view the best- and worst-performing facets of your business, from products to marketing campaigns to salespeople. You can view rankings across multiple dimensions and specify various criteria to focus your results.

2. What-If Analysis

If you’re curious about how a future decision will affect your business, you can run a “what-if” analysis using past

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What Is Business Continuity and Why Is It Important?

Business continuity is an organization’s ability to maintain essential functions during and after a disaster has occurred. Business continuity planning establishes risk management processes and procedures that aim to prevent interruptions to mission-critical services, and reestablish full function to the organization as quickly and smoothly as possible.

The most basic business continuity requirement is to keep essential functions up and running during a disaster and to recover with as little downtime as possible. A business continuity plan considers various unpredictable events, such as natural disasters, fires, disease outbreaks, cyberattacks and other external threats.

Business continuity is important for organizations of any size, but it might not be practical for any but the largest enterprises to maintain all functions for the duration of a disaster. According to many experts, the first step in business continuity planning is deciding what functions are essential and allocating the available budget accordingly. Once crucial components

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Important Business Intelligence Skills With Examples

Do you have the top business intelligence skills employers are looking for? Business intelligence (BI) involves analyzing data sets and software programs in order to help a company make better business decisions.

Executives and managers need to be familiar with business intelligence in order to make effective decisions for their companies based on data. However, data architects, data analysts, and business intelligence analysts all need strong BI skills as well.

What Are Business Intelligence Skills?

Business intelligence is a technology-driven process, so people who work in BI need a number of hard skills, such as computer programming and database familiarity. However, they also need soft skills, including interpersonal skills.

Below you’ll find information on business skills for resumes, cover letters, job applications, and interviews. 

Types of Business Intelligence Skills

Data Analysis

The key task for someone in business analytics is to translate data into actionable information so that

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Why is Business Intelligence (BI) important to your company?

Business Intelligence, BI is a concept that usually involves the delivery and integration of relevant and useful business information in an organization. Companies use BI to detect significant events and identify/monitor business trends in order to adapt quickly to their changing environment and a scenario. If you use effective business intelligence training in your organization, you can improve the decision making processes at all levels of management and improve your tactical  strategic management processes.

Here are some of the main reasons for investing in a good BI strategy and system.

Gain Insights into Consumer Behaviour:

One of the main advantages of investing in BI and skilled personnel is the fact that it will boost your ability to analyze the current consumer buying trends. Once you understand what your consumers are buying, you can use this information to develop products that match the current consumption trends and consequently improve your profitability.

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