Decision Analysis Relevance

Discussion: Decision Analysis Relevance

Learning Outcome: Identify the appropriate research design methods and techniques to address the business problem. Successful business analysis requires understanding environments, industries, and organizations. This comes from, among other things, experience, solid data and information, and the proper choice and utilization of analytical techniques. The competitive advantage an organization has is how organization is positioned in the market to obtain an edge over its competitors. This status is most commonly demonstrated by the organizations ability to generate and maintain sustained levels of profitability above the industry average. With the information you have gained over the last 5 weeks coupled with your new knowledge of Decision Analysis, turn that lens inward to your own organization. Think of a decision analysis process you have been involved in. Some examples include the development of a new product or initiative, or how decision analysis was used to bring clarity to the communication process, help define the problem, and build consensus among decision-makers.