What is the manipulation of information to create business intelligence in support of strategic decision making?

OLAP (Online analytical processing) More test answers on https://studyhippo.com/connect-chpt-2/

Which of the below represents information? -Data converted into a meaningful and useful context -Data characteristic that stands for a value that changes or varies over time -Information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making -Skills, experience, and expertise, coupled with information and intelligence that creates a person’s intellectual resources

Data converted into a meaningful and useful context (Information is data converted into a meaningful and useful context.) More test answers on https://studyhippo.com/dac1-wgu-business-driven-technology-study-guide-with-chapter-and-practice-tests/

Which of the below represents knowledge? a. Data converted into a meaningful and useful context b. Data characteristic that stands for a value that changes or varies over time c. Information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making d. Skills, experience, and expertise, coupled with information and intelligence that creates a person’s intellectual resources

d. Skills, experience, and expertise, coupled with information and intelligence that creates a person’s intellectual resources More test answers on https://studyhippo.com/cis-310-five-forces/

Performance becomes automated, few errors, consistent, strategic decision making and detect and correct errors.

Characteristics of a learner in the autonomous stage of learning More test answers on https://studyhippo.com/motor-learning-and-control-ch-5-2/

Which of the below represents a variable? -Data converted into a meaningful and useful context -Data characteristic that stands for a value that changes or varies over time -Information collected from multiple sources that analyzes patterns, trends, and relationships for strategic decision making -Skills, experience, and expertise, coupled with information and intelligence that creates a person’s intellectual resources

Data characteristic that stands for a value that changes or varies over time (A variable is a data characteristic that stands for a value that changes or varies over time.) More test answers on https://studyhippo.com/dac1-wgu-business-driven-technology-study-guide-with-chapter-and-practice-tests/

Home Page Social Science Sociology Management Strategic Decision Making Page 2

Strategic Decision Making Flashcards, test questions and answers

Discover flashcards, test exam answers, and assignments to help you learn more about Strategic Decision Making and other subjects. Don’t miss the chance to use them for more effective college education. Use our database of questions and answers on Strategic Decision Making and get quick solutions for your test.

What is Strategic Decision Making?

Strategic decision making is the process of determining the most effective and efficient course of action for an organization to take in order to achieve its desired objectives. It involves looking at all available options, assessing potential risks and benefits, and selecting a path that produces the greatest benefit with the least amount of risk. Every decision made within an organization affects some aspect of operations or results, so it’s important that strategic decisions be carefully thought out in advance to ensure long-term success.The strategic decision-making process begins with identifying goals and objectives. This includes evaluating market conditions, customer needs, competitive environment, financial resources, technology capabilities, industry trends and other factors that could affect the success or failure of a project or product launch. Once these have been established, organizations can then weigh their options against one another to determine which strategy offers the best return on investment (ROI). A key factor here is understanding how each option will impact stakeholders such as shareholders, customers and employees. With this information in hand leaders can make informed decisions about which strategies are likely to yield successful outcomes over time. Once a strategy has been chosen it’s important for organizations to monitor progress closely throughout implementation using metrics such as cost savings projections or sales numbers in order to gauge whether they are achieving their targets effectively. Regular communication between senior management and staff responsible for carrying out tasks associated with executing the strategy is essential too; companies should also look out for any changes or new opportunities along the way that may necessitate adjustments being made mid-course in order to adapt accordingly. Making good strategic decisions requires knowledge not just about what works best but also why certain approaches are more suitable than others given specific circumstances; clear communication across teams involved in research gathering activities like data analysis helps ensure everyone understands both sides of this equation before any commitments are made so that everyone is working together toward common goals from start till finish.