Mastering Business Analytics: The real MBA for career success, Step-by-Step

 

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A straightforward tutorial in plain English.

(Under construction!) This diagram depicts the key triad of executive function. In our view, it is the primary responsibility of the senior executive officers. Aside from systemic breakdowns, it should be the primary focus of the senior executive team. If you're attuned to (1) what you're doing, (2) what your competitors are doing, and (3) what the market in general (including customers and potential customers) is doing, there's little likelihood of many surprises. More importantly, there's less risk of the surprises proving too unpleasant.

As an historical note: These three points map to three in The Art of War. On point: "know your resources, know your enemy's resources, know the terrain." It's worth noting that some key points from that text might raise current business practice "eyebrows," e.g., sacrificing (literally) ones agent as an expedient.

Korea, as with Japan and the lesser Asian Dragons before it, has successfully employed brilliant strategic supply chain management practices. However, non-Asians must recognize that they are predicated upon entirely different cultures from those of western Europe and the United States. Consequently, their techniques tend to not map well, even via the best intended alliances.

"Lean" and Six-Sigma are effective both strategically and tactically. However, despite what some overly casual observers suggest, they are not even remotely related philosophically. Moreover, they tend to "not play well" together.

In any event, these sorts of macro-undertakings must be predicated upon a firm's context. Merely "adopting," say, "lean," is a likely invitation to disaster.