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Look forward how far we can go 

So, what is going on with our cute dotted dog this week? Apparently, he is quite happy, singing on his bike. After analysing all the data from last round, our team members generally agreed on what we are going to do this round. Thanks to our committed, highly engaged team, it seems we did relatively good, apart from some lost sales. All our decisions are made based on the reports every week. What I want to emphasize here is that data really matter.

 Habitually, I googled this week’s reading materials. The qualities of these readings never disappoint me. Competing on analytics and The Granularity of Growth are both well-known books in the business world. In the era of dramatic proliferation of information, organisations can be stronger and more competitive by analysing those data and generating value from them. But facing overwhelming data, how do organisations generate business intelligence?

 Davenport (2006) came up with a method in his book – competing on analytics. I totally agree with him on the significance of analysing data, buat there is no universally applicable approach to do it. All we can do to optimise these resources is to have ‘the right focus’, ‘the right culture’, ‘the right people’, and ‘the right technology’ (Davenport, 2006).

 Backing to our MB’s team, I am glad that we have the right people in our team. Everyone is highly engaged and they know what they need to do in their field. In addition, we have our right focus – the featured products and steady strategy. Plus everyone makes the most use of the reports, extracts the most important data from them, translates them into useful information, and then loads them into our decision-making process. I guess that is pretty much how our team performs.

 Baghai, Smit and Viguerie (2009) also brought up a good idea about managing business in a more granular way. They pointed out that decision-makers need to have the whole picture in mind, but it does not mean that managers can totally ignore details. Normally, only leaders look at the granular level, can they found where are these opportunities. Looking at the reports, I observed the second best performing team in last rollover dropped their SHV from $57 to $22, and the third team dropped from $52 to $28.  Though I don’t know where they went wrong, it might be they did not take care of some details. But this is definitely an alert to us to never ever overestimate our current situation and never ever ignore the granularity. Sometimes, small things really make a big difference. Anyway, it is not a time to celebrate, as we are not out of the woods yet.

 There are only three rollovers to go. The game is getting more and more interesting and intense. Look forward how far we can go.

 

Reference:

Baghai, M., Smit, S., & Viguerie, P. (2009). Is your growth strategy flying blind? Harvard Business Review, 87(5), 86---96.

Davenport, T. H. (2006). Competing on analytics. Harvard Business Review, 84(1), 98--107.

2 Comments

  1. Hi Myra! (smile)

    In week 4 my improvements I suggested you made were to grammar. I feel like there has definitely been improvements in this area however there are still some parts I found myself having to read twice to understand but overall much better!. So therefore I am going to make some comments on some things I feel like you may want to build on from this journal so that you are prepared for your final summative learning journal.

    First of all, I feel like you are using the readings very effectively and you are engaging with them. Good on you for searching the quality of them, very interesting that you do so. So therefore for your summative learning I would say continue to use the readings like you have been. Some of the improvements I feel like you may need to make for your summative learning journal is to perhaps go deeper into some of your analysis, I feel like you have raised some very important ideas however some of them were only touched on and I think you could of really analysed them more to be more reflective on your experiences. For example you could of analysed why if our team Is working so well together why and how we can avoid the granularity you suggest we need to avoid? Also I did find it a bit unclear if you had followed Daudelins structure or not as I could not really see what your problem was for this week?

    Gooodluck anyway for the final journal and see you tomorrow (smile)

  2. Hi Yingying Ma,

    In week four I was blown away by the general awesomeness of your reflection and just suggested that there was room for improvement with grammar and that you may therefore like to have a friend read over your reflections before posting. I'm really stoked to see how the language side of things has really improved since! I found your journal really easy to read and lacking any mistakes which I wouldn't usually make myself hehe. 

    Like heaps of us, you may have been a bit relaxed this week and therefore didnt give much attention to the formal Daudalin approach to analysis. I think we can all polish up on this a bit.

    All the best!

    Jeffrey