Blackrocks company basically sells primarily Asian foods and it is focusing on the revamping their menus through the business intelligence tools which needs to be applied in the company. The company is one of the growing companies in conglomerate food, restaurant in the US. It requires the access to information about their operational performance in order to help it to be sustainable in a briskly changing turbulent environment. The company aids in incorporating the business intelligence tools in order to bring better improvements in its operations and helps in advancing in its service delivery in food industry. The paper will provide some explanations on the benefits of our current databases and provide recommendations on how one can leverage it to the development of competitive advantage.
The company will focus on applying business intelligence tools which will help in increasing the ability of the organization to develop competitive advantage in the market. The current company databases needs to be advanced in order to capture the pace of the other companies who are in te field as this will help them to merger competitive in the market. The company is working on making sure that its database has lots of information that will help in revamping in their menus and also increasing more on the sales and ways of evading unhealthy competition. Some of the recommendations on how to you can leverage it to develop a competitive advantage include promoting strengths and competitive advantage the company in respect to product quality, price, promotion, location and distribution. Some of the ways of developing competitive advantage includes, creating a corporate culture which attracts suitable talents, rewarding behaviors which support corporate mission and value and also incorporating business intelligence tools in the company.
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In order to be sustainable in a briskly changing turbulent environment, organizations need to have access to information about their operational performance (Chugh & Grandhi, 2013).
In this paper, we will provide you with some explanations on the benefits of our current database and provide recommendations on how you can leverage it to develop a competitive advantage. (needs to more specific)
Problem Statement
When it comes to the number of internet searches for these two culinary products over the last five years, Pho and Ramen have been neck and neck. This type of data can assist Asian cuisine restaurants in determining which foods are likely to be in great demand. With Business intelligence, restaurants can detect trends and adjust as needed. Restaurants like BlackRock may use business intelligence to discover patterns and make necessary adjustments such as what dishes to add and exclude from the menu.
Business Intelligence enables organizations to make more effective decisions by analyzing present and historical data. Business intelligence can increase an organization’s performance and will allow them to develop a competitive advantage in the market. As a real estate management and investment firm, your organizations database lacks company-wide adoption and isnt measuring a lot of the right indicators. It is also currently costly, which has caused a lot of our executives to struggle with justifying its ROI.
Research Question
How can Blackrock utilize Microsoft PowerBI to convey the popularity between Soba, Ramen & Pho to make better business decisions?
(Should summarize the entire project e.g Identify the company we will be assisting, provide info about the company. Provide information about BI, provide a general description of the data that we are worked with and then a little about the tool we analyzed it with and why we chose that tool
one page abstract.
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