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Data and Decisions
A few key lessons
In this chapter we will explore how a decision made without a full and proper understanding of the ramifications can affect your business performance and how, with some basic processes and techniques, you can take a business action with much more confidence and in the knowledge that you have considered the effects of the activity.
Making a decision about business based on financial data is, for the most part, based on historical data, forecasts and budgets. The trouble with this is it is not feasible to assume that what happened previously will be what should happen in the future.
So how do you as a savvy professional make use of financial numbers without spreadsheet purgatory and analysis paralysis? ...
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