Business Analytics
The process of using statistical analysis and modeling to explore and interpret business data to make informed decisions.
235 topics found for
“decision-making process”
Expectation Bias
A cognitive bias where individuals' expectations influence their perceptions and judgments.
Pessimism Bias
A cognitive bias that causes people to overestimate the likelihood of negative outcomes.
Organizational Goals
The strategic objectives that an organization aims to achieve, guiding its operations and decision-making processes.
Inflection Point
A moment of significant change in a process or system, where the direction of growth, performance, or trend shifts markedly.
Loss Aversion
A cognitive bias where the pain of losing is psychologically more powerful than the pleasure of gaining.
CoD
Cost of Delay (CoD) is a metric that quantifies the economic impact of delaying a project, feature, or task.
Identity Priming
The process of triggering particular aspects of a person's identity to influence their behavior or decisions.
Goldilocks Effect
The psychological phenomenon where people prefer options that are not too extreme, but just right.