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Suppose you have to convince the finance department to raise the social media marketing budget. Use a starting benchmark. That’s why it’s important to have a starting benchmark in mind. Set a benchmark for your content. But what about all those hours you spent brainstorming? Source: MarketingProfs.
Financial forecasting : By using predictive analytics to analyze previous financial statements, BA allows you to project sales, revenue, and expenses to ensure healthy finances. This will give an extra edge for the next cycle, as you can easily pinpoint what is the issue, and brainstorm solutions. Finances: can Iower financial risk?
Set benchmarks based on historical data, industry standards, and a comprehensive understanding of your business’s potential. Brainstorm with the team to see if any other angles should be examined. Finance: How do we handle the company’s assets? This example comes from the financial industry.
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