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Exploratory Factor Analysis and Business Analysis
Exploratory factor analysis (EFA) is a statistical technique used to explore the underlying structure of a set of variables. In this article, we will explore how an analyst could create…
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In Designing An Organisation, What Are The Advantages Of Building Bottom-Up Staffing Structures And Size As Opposed To Top-Down Methods.?
IIn organisational design, staffing structures are critical to make or break an organisation. The two most common staffing planning methods are top-down and bottom-up. While both have advantages and disadvantages,…
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Using the As-Is To-Be Methodology in Business Transformation
As Is To Be methodology, also known as As-Is Analysis and To-Be Analysis, is a transformation and change management approach used to analyse, document, and improve existing business processes. This…
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Using Storytelling-Based Project Management and Business Planning, And Why Is It Effective?
Storytelling has been a part of human history for thousands of years and remains a powerful tool for communication and persuasion. In recent years, storytelling has become increasingly popular in…
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Using Non-Finance Statistical Tools to Analyse Financial Data
Summary • Statistical tools such as cluster analysis, factor analysis, regression analysis, correlation analysis, variance analysis, time series forecasting, survival analysis, discriminant analysis, principal component analysis and Monte Carlo simulations…
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Using Monte Carlo Analysis to Get a Better Real-World View in a Forecast
• Monte Carlo analysis is a statistical simulation technique widely used in business modelling and planning. It helps decision-makers assess the risks and uncertainties associated with different scenarios by generating…
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The Importance of Rational Action in Mergers and Acquisitions Activities
Mergers and acquisitions (M&A) are critical components of modern corporate strategy. When done correctly, M&A can increase efficiency and market share and expand the company’s operations, ultimately leading to long-term…
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The Importance of Operating Models in Forecasting
• Operational models are essential for accurate financial forecasting, incorporating operational considerations to account for the underlying factors that drive revenue and expenses. • Businesses can use tools such as…
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The Benefits of Continuous Improvement Programs
The Benefits of Continuous Improvement Programs Businesses operate in a dynamic environment where change is constant. To remain competitive, companies must transform themselves to stay relevant, improve their processes and…
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Measuring Entropy in Business Processes – Making Sure Effort Drives Results and Not Disorder
Entropy is a fundamental concept in physics that refers to the natural tendency of systems to become more disordered over time. In business, entropy can manifest in several ways, such…
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