Everything starts small...
As companies consider their strategies for life in a post-Brexit world, there remains great uncertainty about the UK’s future trading relationship with the European Union. Given the challenges associated with a hard Brexit scenario, companies would be well-advised to seek more open growth strategies – particularly if they are heavily dependent on the EU at present.
One of the most challenging decisions a company can confront is whether to diversify: the rewards and risks can be extraordinary.
Before diversifying, senior managers must think not only about what their company does but also about what it does better than its competitors.
Business intelligence helps managers make better decisions by showing present and historical data within its business context. It offers performance benchmarks to make the business run smoother and more efficiently. It also helps to spot market trends to increase sales or revenue. Used effectively, just about any aspect of a business can be improved through business intelligence.
