When the indicator falls, how to analyze it? Morocco Phone Number

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ziaur
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Joined: Sun Jul 03, 2022 4:50 am

When the indicator falls, how to analyze it? Morocco Phone Number

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The first thing to understand is that it is impossible to 100% sort out all the reasons by simply relying on data analysis. The real reason often requires the joint efforts of data analysis + market research + front-line visits + industry research to be locked. In analyzing the reasons, data analysis plays a greater role in locating problems rather than answering them. To Morocco Phone Number answer the business logic behind the question, market research is much more useful. Secondly, it is normal for business to fluctuate, and it will be hell if it does not move one day, so similar problems are often Morocco Phone Number encountered on a daily basis. The first order to solve is to determine the priority of the problem. In this way, the appropriate method can be selected in the case of limited time and energy.

If every problem needs to be thoroughly analyzed, a lot of human energy will be wasted and other work will be delayed. Data analysis work should also talk about the input-output ratio. Finally, in many cases, it is difficult to 100% analyze the real reasons, but for the business, it is not necessary to 100% analyze the reasons to act. For the business side, there are Morocco Phone Number very limited ways to adjust the indicators within a certain period of time, as long as the amount of information is sufficient to support the action. Taking the fluctuation of sales indicators as Morocco Phone Number an example, there are many reasons that affect the sales indicators, as shown in the following figure: When the indicator falls, how to analyze it? Among them: customer attitude is very difficult to quantify and needs research support; external competition and industry prosperity require industry research.
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When a product does not sell well, it is difficult to completely separate out exactly how much of it is blamed on users, how much is attributable to sales, and how much is attributable to marketing. Might have to test it with an ABtest. If every fluctuation is Morocco Phone Number so tossed to find the reason, the company can close its doors. At the same time, there are very limited ways to improve metrics: If the time is one day, it is only enough to be a pile of goods in the store; If the time is one week, you can do the salesman's speech training; If the time is January, only consider Morocco Phone Number activities that drive sales; If the time is quarterly, it is enough to adjust the product line layout; If the time is one year, new products can be planned. Therefore, after determining the priority of the problem, the most important thing is to help the business department find a coping strategy within a limited time and improve the situation.
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