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January 18, 2008
Goal of BI
What goald of BI? To create new money for business.
BI powers:
[RAW DATA]->[INFORMATION]->[BETTER DECISION]->[MORE MONEY]
With BI, raw data (that once used to be overhead) becomes an asset that generates profits.
Posted by William Cho at 11:45 AM | Comments (1)
BPM = BI ??
Not quite - "BPM is BI with Purpose"
Any other opinions?
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Posted by William Cho at 7:00 AM | Comments (0)
January 12, 2008
Use BI to Focus on EI
All executives have two brains to use. Left and Right. Left brain is to analyze data and make right decisions. Right brain is to formulate a vision, motivate people, and execute the vision via teamwork. Left brain is for technical skills while right brain cultivates emotional intelligence.
Executives do mainly two things. S/he uses left brain to develop business strategies based on sound data and then use right brain to execute the strategies, which involves motivating and mobilizing people. Great plans often fail, bcause many executives neglect to develop their right brains to improve emotional intelligence.
Read Daniel Goleman's "Primal Leadership" and learned how emotional intelligence plays a critical role in improving business performance of every organization. He explains that research shows significant strenghts in analytic reasoning abilities added just 50 percent more profit, while those with strengths in EI competencies added a whopping 390 percent incremental profit.
What's the implication?
Use BI tool to replace your left brain and allocate more of your time in cultivating right brain and improving emotional intelligence. BI can perform most of your left brain functions - analyzing data and making evidence-based decisions. Let BI streamline this for you.
Instead, executives can spend more time in coaching and working with people. They can spend more time to get to know their people and truly feel their needs. Empathize them, motivate them, develop them, and influence them. Resolve people conflicts and promote teamwork and encourage collaboration. Set an optimistic tone for your entire organization so that people feel good about their work, and they will give you a fierce loyalty.
School has taught us more than enough technical skills. Perhaps young professionals like myself should stop reading books and instead, get out on the street to develop emotional intelligence.
From here point on, I think it is EI to win.
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Posted by William Cho at 10:30 AM | Comments (0)
