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Episode # 84, Your Business Intelligence System Could Be Your Secret Weapon
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Knowledge management transforms business outcomes by organizing critical data into actionable insights. Women business owners are leveraging these systems to fuel incredible growth, with women-owned businesses growing at twice the rate of male-owned businesses from 2019-2023.
• 14 million women-owned businesses in the US (39% of privately owned businesses)
• These businesses employ 12.2 million people with combined revenue of $2.7 trillion
• California hosts 23% of all women-owned businesses in America (1.5 million)
• Knowledge management combines data, information systems, and analysis
• Effective systems deliver the right data to the right person at the right time
• Create a plan identifying key knowledge points about your business
• Implement systems consolidating internal and external data
• Establish quality control procedures to ensure accurate data
• Experiment with data to find hidden opportunities
• Dedicate 2-3 hours weekly to analyzing business data
• Look for unexpected patterns like unusual customer demographics
• Use technology including AI tools to gain insights
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Chapters
1. Episode # 84, Your Business Intelligence System Could Be Your Secret Weapon (00:00:00)
2. Women in Business Statistics (00:00:03)
3. Knowledge Management Basics (00:03:26)
4. Creating a Knowledge System (00:06:15)
5. Discovering Business Insights (00:09:21)
6. Knowledge as Competitive Advantage (00:13:04)
7. Pricing Strategy and Conclusion (00:16:24)
89 episodes
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