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Education
What is Pareto Analysis? The 80/20 Rule for Success
Pareto Analysis is a decision-making approach grounded in the Pareto Principle (or the 80/20 rule), which asserts that 80% of effects result from 20% of causes
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Education
What is the Analytical Hierarchy Process (AHP)?
The Analytical Hierarchy Process (AHP) is a systematic methodology based on mathematics and psychology for evaluating complicated choices. It helps break down
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Finance
What is Cash Flow Forecasting?
Cash Flow Forecasting is the practice of estimating a firm’s future financial status and is a critical component of financial management inside a firm. A
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Education
What is Kepner-Tregoe Matrix? Advantages and Disadvantages
The Kepner-Tregoe Matrix offers a clear, step-by-step approach for choosing between options and solving tough problems, guiding both people and organisations t
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Education
What are OODA Loops? How Does it Help Making Decisions?
John Boyd, a fighter pilot in the Korean War, coined the term “OODA loop” to describe a continuous, recurring human decision-making cycle to make d
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Featured
What is BRAIN, BRAN and BRAND Decision Model?
BRAIN, BRAN and BRAND Decision Model Medical practitioners frequently use this model to assist them in making informed judgments about the outcomes of their pa