Showing papers on "Business analytics published in 1997"

Introduction to Business

Abstract: This exciting, all new edition of Introduction to Business, 3e introduces students to core business concepts and how they center around a company's business plan. This text's applied approach addresses how and why a business operates. Students can then build upon their practical skills through examples, exercises and projects to help them gain a full understanding of how and why to develop a business plan. Each text is packaged with a Business Plan Booklet and CD-ROM, which are tied to end-of-part features, allowing students hands-on practice in creating a sound business plan. Through lively examples this text emphasizes key core skill areas including, Decision-Making and Planning, Teamwork, Technology, and Communication.

Using Fuzzy Cognitive Maps to Model and Analyse Business Performance Assessment

Abstract: This paper, proposes a framework for developing business metrics and discusses the suitability of Fuzzy Cognitive Maps (FCMs) to model and analyse the business performance indicators Business metrics provide the basis for assessing business performance, identifying areas for improvement as well as benchmarking with the competition Researchers and practitioners have stressed on the importance of assessing business performance particularly with respect to business and Information Systems (IS) strategic planning as well as to business process re-engineering However, currently available process effectiveness assessment approaches fall short to comprehensive ly represent the domain, to dynamically follow the business and technological advances as well as to enable stakeholders to express their beliefs Our approach to developing business metrics considers an internal as well as an external organisational perspective while it recognises the strategic potential of Information Technology (IT) FCMs have been successfully used in decision making and simulation of complex situation Additionally, they allow for the simulation and analysis of data

The limits of business cycle research: assessing the real business cycle model

Abstract: The real business cycle model dominates business cycle research in the new classical tradition. Typically, real business cycle modelers both offer the bold conjecture that business cycles are equilibrium phenomena driven by technology shocks and also novel strategies for assessing the success of the model. This article critically examines the real business model and the assessment strategy, surveys the literature supporting and opposing the model, and evaluates the evidence on the empirical success of the model. It argues that, on the preponderance of the evidence, the real business cycle model is refuted. Copyright 1997 by Oxford University Press.