How Does Quantitative Analysis Support Strategic Planning?
Quantitative analysis supports strategic planning by providing a solid foundation of data-driven insights. It allows leaders to:
- Identify Trends: Detect patterns and trends in the market and within the organization. - Set Objectives: Establish measurable goals based on historical performance and market conditions. - Allocate Resources: Optimize the distribution of resources to areas with the highest potential return. - Monitor Progress: Track the progress of strategic initiatives against predefined metrics.