Podcast
Questions and Answers
What is one of the main purposes of using (Big) Data Analytics in organizations?
What is one of the main purposes of using (Big) Data Analytics in organizations?
- Reducing the complexity of decision-making processes
- Providing objective validation for management decisions (correct)
- Replacing the need for human decision-makers
- Eliminating the need for formal education in managers
What additional skill is emphasized for modern management according to the text?
What additional skill is emphasized for modern management according to the text?
- Computational knowledge (correct)
- Advanced emotional intelligence
- Historical decision-making patterns
- Artificial intelligence programming
What are some typical aspects involved in decision-making according to the text?
What are some typical aspects involved in decision-making according to the text?
- Emotional intelligence and artistic skills
- Historical memorization and storytelling
- Physical strength and endurance
- Critical thinking and logical thinking (correct)
What do reflective managers need to be aware of?
What do reflective managers need to be aware of?
What aspect of decision-making does data analytics provide insight into?
What aspect of decision-making does data analytics provide insight into?
What is emphasized as a key factor for managers in decision-making according to the text?
What is emphasized as a key factor for managers in decision-making according to the text?
Why is it suggested to find data for a purpose in decision-driven data analytics?
Why is it suggested to find data for a purpose in decision-driven data analytics?
What is a common consequence of anchoring on available data according to the text?
What is a common consequence of anchoring on available data according to the text?
How do leaders sometimes misuse data according to the text?
How do leaders sometimes misuse data according to the text?
What is a key characteristic of decision-driven data analytics?
What is a key characteristic of decision-driven data analytics?
Why is it important for leaders to shift to decision-driven data analytics?
Why is it important for leaders to shift to decision-driven data analytics?
Why do many executives find their data analytics initiatives disappointing?
Why do many executives find their data analytics initiatives disappointing?
What is a common challenge faced by decision-makers when using data analytics?
What is a common challenge faced by decision-makers when using data analytics?
How do leaders sometimes misuse data according to the text?
How do leaders sometimes misuse data according to the text?
What is emphasized as a crucial step for shifting to decision-driven data analytics?
What is emphasized as a crucial step for shifting to decision-driven data analytics?
What is a key takeaway from the text regarding decision-driven data analytics?
What is a key takeaway from the text regarding decision-driven data analytics?
Why is it important for executives to question data critically?
Why is it important for executives to question data critically?
