Answer:
1. Start with good data
It doesn’t matter what type of business you’re in: data matters. Every company must put together reports regularly. Depending on your organization, you have access to the information contained in reports, such as:
Clean, timely, and accurate data—structured or unstructured—can be the difference between decisions based on real insights and ones that are more about gut feeling. Knowing what is truly happening in your organization is key to knowing how to take the next step.
SEC reports
Performance management reports
Sustainability reports
Governance, compliance, and risk reports
2. Analyze the data for important insights
You’ve gathered your data—now what? It’s time to dive in and look for trends and patterns. Often, they tell a story that’s worth listening to. Be sure not to do it alone—collaborate with your team to combine your findings and get different perspectives. Often, a pair of fresh eyes can spot discrepancies or add data points that were missed by others.
3. Develop a story to help determine the next step
Once you’ve worked with your team to analyze the data, it’s time to show off your discoveries. Together, your data and analysis make a story showing past, current, and future vignettes. You’ll be able to get a clear picture of how you’ve gotten to the place you are now and where your company is headed in the future.
This story will inform whatever decision you need to make, giving you a powerful framework to help guide your next steps.
Step-by-step explanation:
