Corporate IQ Test

Would you like to test your organization's Strategic Knowledge I.Q.?
 
If you are interested, please print the following Sample Questions, get a marker and:
 
I. Select ten questions you find most valuable to have answered in your organization.

II. Ask these questions independently to six people (marketing, sales, financial analyst, IT, accounting or business management) requesting confidentiality and a prompt response.

III. Keep track of the time it takes to obtain each answer.

IV. Compare the answers for quality and consistency between respondents.

Note that answering most of these questions should take a few minutes and the answers need to be consistent across the different respondents.

Sample Questions

• Where are we more profitable: strategic customers, key customers or distributors?

          - Why? Is it due to pricing, volume or product mix?

• What is our current market share in a particular business unit in Europe?

• Are our differentiated brands more profitable than the commodity ones? Why?

• Are our new products more profitable than the old ones? How much? Why?

• Who are the top 5% of my customers that generate 50% of profits? Why?

• Who are the customers and what are the products that drain our profits? Why?

• How much of which product is Sales-rep X supposed to sell to each of his customers in March of next year?

           - What will his profit margin be?  

• Why is profitability by customer / region / country / business / market segment or sales territory significantly down this month?

          - Is this because we lost volume?

          - Is it product mix?

          - Too many price exceptions?

          - Has raw material cost increased?

          - Has manufacturing cost increased?

          - Have freight / distribution expenses gone up?

          - Combination of which factors?

• Show me a comparative P&L

          - By region / country / state

          - By market segment / sub-segment

          - By sales representative / distributor

          - By brand / Product line / SKU

          - By product technology

          - By customer location

          - Differentiated products versus commodity products at our distributors

• Who do our distributors, agents and dealers sell to?

          - In what markets / segments / sub segments?

          - What is their mark-up? / Profitability?

          - What is their new versus old product ratio?

• What does our opportunity pipeline look like?

• Which pieces of business are under competitive threat? (By product, competitor and customer location, in units and dollars).

• What is each of our competitors’ current market share?

Scores:

• If you got less than 6 answers, they took longer than one day, or the answers are completely different; your BI deployment maybe supporting the back-office operation but it’s unlikely to drive profitable growth since most strategic decisions are based on raw data and intuition. 
• If you got more than 5 answers within one hour with 50% of the analysts in agreement, you are in the right track but need to refine the process further to compete on analytics.

• If you got more than 8 answers within one hour and both analysts and casual BI users from different areas agree; your BI deployment has become a competitive advantage that allows the organization to perform strategic and competitive analysis on-the-fly while ensuring a single version of the truth.

Using traditionally deployed corporate information systems will take most companies several weeks to answer some of these complex questions accurately, through analysts’ manual extrapolation of data from many different sources in Excel.

Our Strategic Analytics solution is designed to enable everyone in the organization find accurate answers to thousands of complex questions like these within seconds not days!