Using Data to Build Business Practice

Using Data to Build
Business Practice

Q4.1. Have there been any occasions since established/ in the last three years where you
seriously thought about obtaining external assistance to provide you with information about the
day to day running of your business?
Explanation:
Company data comes when everything is said in analytics, information, articles, books,
references, web indexes and internal documents that a company can use to control its content.
Group, the activities and an evaluation of its exercises, this data also comes from affiliates,
customers, partners and vendors. The stores could be distributed daily; money, exchange and
affinity magazines; databases, governmental measures, catalogs, specialized manuals and much
more. By default, because "data" is more characterized by the placement of the content, physical
data is any data that allows a company to know its terms.
South East Region:
Row Labels Responses
Yes 1 8.40%
No 2 87.02%
Don't know 3 3.05%
N/A 4 1.53%
Grand Total 100.00%
8%
87%
3% 2%
South east region
1 2 3 4

The question is about using external support or third party to gather operational information of
the company. The above result shows that 87.02% industrialists have not been seriously thought
about obtaining external assistance to provide them with information about the day to day
running of their business. Only 8.40% industrialists prefer to gather information from outside or
from agencies. Only few industrialists don’t want to share their responses.
North West region:
Row Labels
Response
s
Yes 17.98%
No 80.90%
Don't Know 1.12%
Grand Total 100.00%
18%
81%
1%
Total
Yes No Don't Know
As compared to South east region; 81% industrialists denies obtaining external assistance for
getting information on their day to day business activities. While, 17% agree that they use
external sources for operational information of their business. This indicates that comparing to
South east region; North West region entrepreneurs are more likely to prefer external sources for
operational data of their company.

Q4.2. Have there been any occasions in the last three years where you seriously thought about
obtaining external assistance to obtain strategic advice to help introduce a stepped change to
grow your business, be more profitable, or employ more people?
South East Region:
Row Labels
Response
s
Yes 11.45%
No 86.26%
Don't Know 0.76%
N/A 1.53%
Grand Total 100.00%
11%
86%
1% 2%
Total
Yes No Don't Know N/A
This question is related with previous one; where it has been asked whether the CEO of company
seeks or approach any outside agencies or tried external sources to get strategic advice for their
business like strategy regarding increase profit, change in employee’s number and growth of
business. The result shows only 11% companies take advice of outside agencies; rest of them
preferred their own strategies and planning. This shows that firms are well established and
acquired professionals and experts who can make good strategies for the business. The reason
could be the risk of leakage of important information regarding company’s internal strength
weakness; which could be dangerous for company in future.

North West region:
Row Labels
Response
s
Yes 15.73%
No 84.27%
Grand Total 100.00%
16%
84%
Total
Yes No
The outcomes at North Western region are almost same as South East region; only some
improvement in population of industrialist who preferred outsider’s advice regarding changes in
their business can be seen; 16% company owners obtain strategic advice to help introduce a
stepped change to grow your business, be more profitable, or employ more people.
Q4.3B. To what extent does my business has not had any need for external information or advice
describes why you did not consider seeking information/ advice?
Explanation: This question is related to previous one; as it will show at what extent business
any need for external information had and it also has how much description given by the
company. All organizations manage a wide range of information, whether it understands
customer needs and the company's position, or the skills and knowledge of employees.
The way a company collects offers and sources such information can be fundamental for its
ability to grow effectively. This does not only apply to gigantic organizations around the world.

Information that operators; can profit from anyone, from a nearby newspaper to a collection
company.
South East Region:
Row Labels
Response
s
Yes, definitely describe 55.05%
Yes, describes to some
extent 14.68%
No, does not describe 24.77%
Don't Know 5.50%
Grand Total 100.00%
55%
15%
25%
6%
Total
Yes, definitely decribe Yes, describes to some extent
No, does not descirbe Don't Know
The result of South east region shows that, 70% people did not seek any external sources,
information and advice out which 55% has described it well and 15% has described it at some
extent. Out of the total; 25% requires external information and advice to run their business.
North West region:
Row Labels
Reponse
s
Yes, definitely describe 60.00%
Yes, describes to some
extent 20.00%
No, does not describe 18.57%