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Why Businesses Fail | N2Growth Blog

N2Growth Blog

Decisioning at the information level affords a higher degree of risk management, but are still not as safe as those decisions based upon actionable knowledge. Conduct a Cost/Benefit Analysis : Do the potential benefits derived from the decision justify the expected costs?

Blog 416
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The Skills Gap That's Slowing Down Your Career

Harvard Business Review

But excuses like those don't matter in tight job markets where there are plenty of people out there looking for jobs — and with the right credentials for those jobs. If your speed bump is a lack of the right skills, it helps to first do a quick cost/benefit analysis to see if investing in an upgrade will be worth it.

Career 9
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If Data Is Money, Why Don’t Businesses Keep It Secure?

Harvard Business Review

Yet, unlike money, the market for personal data is relatively embryonic. If businesses are to continue using personal data to create value for themselves and for their customers, they will need to manage it as carefully as they would money, in four key ways. Understand how regulation alters the data cost-benefit analysis.

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Don’t Talk Yourself Out of Trying a Second Career

Harvard Business Review

Technical support can become marketing; marketing can turn into human resources; back office managers move to the front office and the other way around. Since they are starting “late,” they believe they should do a cost benefit analysis to see if their reorientation is “worth it.”

Career 8
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A Better Metric for the Value of a Worker Training Program

Harvard Business Review

Conducting an accurate cost-benefit analysis requires a holistic approach, one that incorporates costs and job placement and also accounts for how participants are doing after they leave the program. We need to adopt something similar to a “total cost of ownership” (TCO) analysis.

Metrics 13
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Ideas Don't Equal Innovation | N2Growth Blog

N2Growth Blog

My advice to you is not to let your business get caught up in embracing random ideas – at least not without some initial analysis being conducted to determine the likelihood of success. Assess : Put the idea through a risk/reward and cost/benefit analysis. Failed initiatives are costly at several levels.

Blog 413
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Let's Be Realistic About Measuring Impact

Harvard Business Review

Its primary social metric is the number of lives reached in base-of-pyramid markets. Robin Hood, on the other hand, is a grant-making foundation created by hedge fund managers with a penchant for hard numbers. government agency makes grants to emerging market countries to reduce poverty through economic growth.