Decisive Action: How businesses make decisions and how they could do it better

As the tectonic plates underlying our business world shift,
it becomes increasingly important for business leaders to rapidly make robust decisions, all
while minimising risk.
Against this rapidly changing backdrop, it’s no longer enough to use intuition – which
ultimately is rooted in one’s prior experience – as a basis for making decisions. As collecting
data about consumer behaviour becomes easier, decisions can and should incorporate wider
experiences and behaviours. Incorporating data (or simply stated, the experiences of relevant

Disrupting beliefs: A new approach to business-model innovation

Established business models are under attack. Discover how incumbent companies can reframe them. Here's an idea from McKinsey & Company about how you might explore disrupting the business model in your industry.

Report Illuminates Wealth-Creation Gap Among Small Business Owners

A growing number of self-reliant Americans have started one-person businesses in recent years to make a living. But minority and women business owners who opt for self-employment aren't faring as well as they might be, when it comes to building the value of their businesses, according to a new report by the Corporation for Enterprise Development (CFED), a national nonprofit based in Washington, D.C.

10 Life-Changing Ways to Become More Business Savvy

Do you consider yourself a savvy business person? What qualities do you feel make someone savvy?

The Difference Between Instinct and Intuition

We use the words instinct and intuition interchangeably. And while they do exist on the same spectrum, there’s still a crucial difference between the two ideas. Instinct comes from the word instinctus, or, “impulse,” meaning it’s a biological tendency. It’s the transient reaction that happens in our bodies, apropos of right now. Intuition comes from the word intuitio, or, “consideration,” meaning it’s an accumulated belief. It’s the ongoing collection of experiences, apropos of everything up until now.

Building Business Acumen

Business acumen is keenness and quickness in understanding and dealing with a business situation in a manner that is likely to lead to a good outcome. "Business savvy"and "business sense" are otten used as ynooyms, but they don't describe what people with business acumen do differently than those who are lacking the skill.

5 Questions to Ask Before You Call Out Someone Powerful

It’s always tempting to think that when you have more power — maybe even just a little more – it will be easier to call out wrongdoing. But over the last two years, as we interviewed over 60 business leaders, what we found is that this feeling never goes away. There is always someone or something more powerful than you are — when we spoke with company CEOs, they’d express concern about their boards, and when we spoke with board chairmen, they’d admit to being afraid of the media.

Business Acumen - What is it?

This article says it's about business savvy but it's about business acumn - an understanding of the different parts of the business and how they work

Bridging Data Science and Business Intuition

Target corporation’s massively profitable data science project threw them into the news spotlight a few years back. Their story makes for a valuable case study in the interplay between business intuition and data science.

Intuition vs Data: Should You Trust Your Gut?

Every decision we make - stay in or go out, shoot or pass, stick or twist - is an instantaneous cocktail of different motivations and information. We make our choices with our heart, our head and our guts - but should we trust our emotional intuition, or is a reliance on cold, hard facts the safest way to go? Nothing beats the the thrill of a big decision, so we’ve put together an infographic that looks into how data-driven decision-making measures up against the gut-given power of intuition.