Flashcards

Business flashcards

Nayeli Gómez Spanish 6 cards

Cards in this deck (6)

1—The act or process of deciding something especially with a group of people
2—A decision tree is a diagram or chart that people use to determine a course of action or show a statistical probability.
3—SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT Analysis is a technique for assessing these four aspects of your business.
4—A decision matrix is a technique that contains values that helps you to identify and analyze the performance of the system. The elements of a decision matrix show results depend on specific criteria.
5—Pareto Analysis is a method for decision-making. It is also known as 80/20 rule meaning, 20% of your activities will account for 80% of your results. It is used for prioritizing possible changes by identifying the problems and resolve them.
6—Strategy map is a diagram that can be used to document strategic business goals. This map is created during the planning process of business. It is used as a primary material to check-in and review meetings.