From the course: Turning Data into Strategies

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From the course: Turning Data into Strategies

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Change is the new normal. Let's embrace it. When it comes to delivering insights and data-driven strategies, it's crucial to keep an open mind and be able to change course as necessary. In this lesson, you'll learn to evaluate if it's time to change course and if so, what steps to take to adjust your data-driven strategies? First, how close or far are you from meeting or exceeding benchmarks? If the results are consistently behind benchmarks, then it might be time to take a step back and reevaluate your goals, key performance indicators or KPIs and benchmarks. By doing this, you'll determine if the goals have changed or if you need to change the KPIs or if the benchmarks have evolved over time. On the other hand, if the results are consistently exceeding benchmarks, that could mean that benchmarks were set too low and you might need to revisit them. Next, what are the industry trends? Always stay attuned to market dynamics and industry trends. External factors such as shifts in…

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