Joseph wishes to increase the operational efficiency of his new startup. In order to achieve this, what should Joseph do?
A)Joseph should use integrated data stored in his firm's central database to analyze its day-to-day activities.
B)Joseph should avoid analyzing his firm's distribution systems as they do not play a role in the firm's daily activities.
C)If Joseph plans to support formally defined and documented activities in his firm, he should use a dynamic planning system over a structured planning system.
D)If Joseph plans to include less specific and fluid activities in his firm, he should use a structured planning system over a dynamic planning system.

Question

Quizplus · Accepted Answer

By using integrated data stored in his firm's central database to analyze its day-to-day activities, Joseph can identify areas where operational efficiency can be improved. This will provide him with valuable insights about his business processes, customer preferences, and other key metrics that are essential for making informed decisions. Avoiding analysis of distribution systems or choosing between a dynamic or structured planning system are not directly related to increasing operational efficiency.

Joseph Wishes to Increase the Operational Efficiency of His New