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Learning Goal: I’m working on a business plans question and need an explanation and answer to help me learn.
Refining Your Data Story- To deliver an effective Board Brief and presentation, you will need to display your data to decision makers in a way that is easy to understand. Respond to the prompts below:
What are the most critical elements of your data story that need to be communicated? Explain.
How will you organize and share your data so that it tells a clear and compelling story? (See p. 107 of Davenport & Kim for a list of types of visual graphics used to present data)
Select two data display techniques discussed by Duarte in Chapter 6 and/or Chapter 7 and use them to present two important data sets from your analysis.
Defining Your Strategy – Based on the analysis you have undertaken over the last several weeks, create a brief, well-crafted statement, explaining your strategy for your chosen organization. To explain and defend your strategy, the statement should answer the following questions:
What are the key elements of your strategic plan?
How will this plan, if successful, advance the mission of the organization?
What are the most critical findings in your analysis of market conditions and data that indicate this is the best strategic option to pursue?
How will your plan strengthen your organization’s economic moat and create a position of sustainable market leadership that can’t be easily replicated by your competitors?