Engineered Business Decision™

The essence of BJP's Engineered Business Decision is the bringing together of information such that a single, optimal conclusion becomes evident

So much of management information science emphasizes the conversion of information to knowledge. Knowledge is a continuum of alternative choices, each with competing trade-off's: risk v. yield, quality v. quantity or price v. volume, etc.

But knowledge and information are not decisions. In fact, they often lead to "paralysis of analysis", where too many competing alternatives lead, in fact, to indecision.

Baker, Jake & Powell's Engineered Business Performance™ uses advanced statistical methodologies to identify the option among the spectrum of choices which will achieve the desired outcome: the appropriate balance of competing alternatives that will maximize profitability within risk constraints, .i.e., an Engineered Business Decision.
 

To return to the earlier reference to pricing and costs:

Baker, Jake & Powell can analyze the marginal utility of your products and services and determine their price elasticity of demand.  To do so we employ our pricing analysis using sophisticated operations research methodologies to conduct marketing tests.  The knowledge gained by this exercise is absolutely essential to exploiting the full price potential of your offerings to the market.  Under-pricing of product and services is rampant in our economy, as is the failure to comprehend the concept that by raising prices, it is often possible to generate greater revenue with fewer units sold, fewer customers and lower overhead. 

 

The evaluation of industrial performance, i.e., the  analysis of the time spent going through the motions of a manufacturing process, was first broached by Adam Smith in the 18th Century.  So why, in the 21 Century, don't we spend more time on this vital issue in our service & information sectors?  See more on BJP's Business Process Improvement page.

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