Social Benchmarking
The practice of comparing one's performance, processes, or practices to those of peers or competitors to identify areas for improvement.
224 topics found for
“decision-making strategies”
Mental Accounting
A behavioral economics concept where people categorize and treat money differently depending on its source or intended use.
5V’s of Big Data
Characteristics of big data defined as Volume, Velocity, Variety, Veracity, and Value.
Brand Values
The core principles and beliefs that guide a brand's actions and decisions.
Group Attribution Error
A cognitive bias where people attribute group behavior to the characteristics of the group members rather than the situation.
Restraint Bias
A cognitive bias where individuals overestimate their ability to control impulsive behavior, leading to overexposure to temptations.
Status Quo Bias
A cognitive bias that leads individuals to prefer things to remain the same rather than change, often resisting new options or changes.
Sales Forecasting
The process of estimating future sales based on historical data, trends, and market analysis.
Big Data Engineer
A professional who designs, builds, and maintains systems for processing large-scale data sets.