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What is incremental analysis? If you've studied either macroeconomics or managerial accounting after high school, you are probably very familiar with the term. According to Investopedia,
An incremental analysis is a decision-making technique used in business to determine the true cost difference between alternatives. Also called the relevant cost approach, marginal analysis or differential analysis, incremental analysis disregards any sunk cost.
If you've ever wondered how growing businesses deal with the increased difficulty of maintaining productivity levels when delegating to a larger workforce, the answer may be more multi-dimensional than you think!
The decision maker in a business that delegates any project must have good co-ordination with all other employees. But how these decision makers delegate the project movement and interact with employees is often what defines the entire process.
So, how do we streamline complex internal processes and make sure that the information we receive is meaningful and relevant to everyone in the company, especially those contributing to the project? Qlik.com's mission is:
·to harness collective intelligence of every contributor in an organization
·to illustrate vast amounts of data
Data has always been the most important puzzle piece of a small business but now business has become even more data-centric. Now data is the board that your puzzle is built out of.
With that being said it is shocking how few business owners make use of that data that is already available to them.