Discussion: 300-400 Words, APA Format, 3 References

Discussion1 300 400 Words APA Format2 3 References APA Citation N

Discussion1: words. APA format.2-3 references. APA citation. No plagiarism. How would one define business intelligence (BI)?

Identify and briefly discuss a real-world application of BI?

Discussion2: words. APA format.2-3 references. APA citation. No plagiarism. describe an instance where a government has taken some action the result of which is influence on commerce

Discussion3: words.

APA format.2-3 references. APA citation. No plagiarism. From Chapter 9, page 277, ACTION NEEDED: Answer Question 1 ONLY. (for question see attached Image.) Response:Need 150- word responses each to the attached three documents .APA format. APA citations .

1-2 reference each. Responses should be insightful like, • Share an insight from having read your colleagues' postings, synthesizing the information to provide new perspectives. • Offer and support an alternative perspective using readings from the classroom or from your own research • Validate an idea with your own experience and additional research. • Make suggestions based on additional evidence drawn from readings or after synthesizing multiple postings. • Expand on your colleagues' postings by providing additional insights or contrasting perspectives based on readings and evidence.

Paper For Above instruction

Business Intelligence (BI) refers to the technological and strategic systems used by organizations to collect, analyze, and interpret data to support better business decision-making. BI encompasses a wide range of tools, applications, and practices that facilitate data gathering from various sources, enabling organizations to identify trends, patterns, and insights that might not be evident through traditional methods. According to Laursen and Thorlund (2017), BI integrates data management, analytics, and visualization techniques to obtain actionable insights that can lead to competitive advantages. Its primary goal is to empower decision makers with timely and accurate information, fostering strategic planning and operational efficiency.

A notable real-world application of BI is in the retail industry, particularly exemplified by Amazon. Amazon leverages BI technologies to analyze customer purchasing behavior, optimize supply chains, manage inventory, and personalize marketing strategies. Through sophisticated data analytics and machine learning algorithms, Amazon continually refines its recommendations, enhancing customer experience and boosting sales (Marr, 2018). The BI systems allow Amazon to predict demand, streamline logistics, and increase operational efficiency, illustrating how BI can transform raw data into strategic assets that drive competitive advantage in a highly dynamic market environment.

References:

• Laursen, G.H.N., & Thorlund, J. (2017). Business analytics for managers: Taking business intelligence beyond reporting. MIT Press.
• Marr, B. (2018). Data-driven marketing: The 15 metrics everyone in marketing should know. Kogan Page Publishers.

Paper For Above instruction

A government action that influences commerce often involves regulatory decisions, policy changes, or fiscal measures that alter the economic environment for businesses. A pertinent example is the U.S. government's decision to implement tariffs on imported steel and aluminum in 2018 under the Trump administration. This trade action aimed to protect domestic industries, but it also had significant repercussions on global trade and national commerce. The tariffs increased costs for manufacturing companies reliant on imported materials, leading to higher prices for consumers and potential retaliatory trade measures by affected countries (Bown, 2020).

This intervention demonstrated how governmental policies can directly influence the supply chain, production costs, and the competitiveness of domestic industries. While intended to safeguard national interests, such actions also generate ripple effects across international commerce, illustrating the interconnected nature of modern economic systems. The imposition of tariffs serves as a clear example of how government decisions can reshape market dynamics, influence business strategies, and alter the competitive landscape.

References:

• Bown, C. P. (2020). US-China Trade War Tariffs: An Up-to-Date Chart. Peterson Institute for International Economics.
• Irwin, D. A. (2020). Clashing over Commerce: A History of US Trade Policy. University of Chicago Press.

Paper For Above instruction

In response to the specific question from Chapter 9, page 277, the focus is on analyzing the impact of a governmental action on commerce. The example discussed exemplifies how trade policies, such as tariffs, shape the economic environment. Such measures influence the cost structure of industries, competitiveness, and international trade flows. In particular, the tariffs on steel and aluminum serve as a pivotal case where governmental intervention aimed at protecting domestic sectors inadvertently affected wider economic activities, including costs for industries dependent on imported materials and foreign trade relations. The broader implications of this include altered supply chains, shifts in comparative advantage, and changes in consumer prices, which highlight the importance of understanding policy impacts on both domestic and global markets. These policies exemplify the delicate balance governments must maintain when intervening in commercial activities to achieve strategic objectives without causing adverse economic consequences.

References

• Irwin, D. A. (2020). Clashing over Commerce: A History of US Trade Policy. University of Chicago Press.
• Bown, C. P. (2020). US-China Trade War Tariffs: An Up-to-Date Chart. Peterson Institute for International Economics.