Top Managers Use Predictive Analytics to Define the Future of the Business

question 93

True/False

Top managers use predictive analytics to define the future of the business, analyzing markets, industries, and economies to determine the strategic direction the company must follow to remain profitable. Tony will set the strategic direction for his firm, which might include introducing new flavors of potato chips or sports drinks as new product lines or schools and hospitals as new market segments.

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Definitions:

Subsidiary

A company that is controlled by another corporation, often referred to as the parent company, through ownership of a majority of its voting stock.

Management Development

Programs and activities designed to enhance the skills, knowledge, and abilities of managers and potential managers.

On-the-job Training

A training approach where employees learn and acquire new skills while performing their regular work tasks.

Approaches

Various methods or strategies used in dealing with situations or in achieving specific objectives.