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Peerview Data Insights

The Cure for CEO Insomnia: data-driven insights

UPDATE: The point of this post is that we tend to worry about the things we can’t control and ignore the things we can. The best defense against any threat — known or unknown, established or emerging — is to make sure you’re always improving your game, optimizing what you can, when you can, so you can react when you need to. The example was Uber, which cab companies should have easily been able to neutralize early on. They didn’t, obviously, and have suffered. Data from this recent Fortune article shows just how dramatically.
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Topics: Money People Customers Planning & Forecasting Competitive Analytics KPIs Business Performance Small Business

ANNOUNCEMENT: INDIANA SBDC LICENSING AGREEMENT

ISBDC Training Session 7/24 

Topics: Business Performance Small Business ISBDC

CEO School: Compare or Die

Harsh, but true: companies that don't compare don't compete.

Why?

Nobody is an industry of one. Whatever you sell — a product or service, b2b or b2c — there's always an alternative.

You'd think this truth would impact the way every company manages itself, but it doesn't: a lot of companies are content with whatever market share they have and don't make much effort to assess or improve their competitive performance.

Sad.

But also great because this gives companies that care a significant advantage.

The challenge?

Topics: Money People Customers Planning & Forecasting Competitive Analytics KPIs Business Performance Small Business

CEO School: What will your board do if you're wrong?

How’s business?

It’s a question that gets asked every day, but what does the answer really mean? For most companies, “doing well” means sales are better than last year while “doing okay” means sales are about the same.

The problem is that nobody is an industry of one. Everybody competes for customers and clients.  

You might think you're doing well but what if you're not?

Transcript

CEO: Turns out we suck.

BOARD: But you told use we were leading our industry.

CEO: Uh... I guess I was wrong.

BOARD: Uh.... guess we were wrong, too — about you.

As University of Wisconsin professor Jordan Ellenberg noted in this Wall Street Journal article about using data to make good decisions, "A number by itself is often meaningless; it is the comparison between numbers that carries the force."

Topics: Money People Customers Planning & Forecasting Competitive Analytics KPIs Business Performance Small Business