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Evidence Based Decision Making

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Evidence Based Decision Making
The first management trend I will cover is the utilisation of analytical tools to make evidence based decisions. We now collect more data than ever before, and have access to a growing stable of tools that have the capability to analysis data and provide information. This information can help managers and decision makers understand key metrics, discover new metrics and make more informed decisions. This can be applied where appropriate to short, medium and to long term business goals. Making informed decisions off more accurate data and the analysis of that data not only allows for decisions to be made with more assurance, it can reduce the debate in some sceneries that would have occurred between parties without that data analysis. This …show more content…
Due to the every evolving tools to keep up with the massive data sets and meta-data being collected this is an area that will continue I suspect to grow and flourish.
I will combine and address outsourcing, remote management, independent contractors and consultants altogether for this next trend as there are aspects in each of these that overlap. The big trend for outsourcing started a few years ago, there was a push in some markets and industries to go the outsourcing path and save big. While on paper a company paying $30 per hour + benefits could pay someone $2.5 per hour on contract with no benefits multiple by X employees looks amazing as a cost cutting measure and made strong impacts on profit it did not necessary turn out to the utopian solution some companies hoped for. For some companies the negative feedback from their customer base was enough to make changes or even advertise that they were using local staff. This has evolved and the outsourcing trend is here to stay and can offer ongoing benefits to organisation is implemented correctly. Technology and …show more content…
(n.d.). 10 Talent Management Trends for 2016. Retrieved 24 Dec, 2015 from http://hrtrendinstitute.com/2015/05/13/10-talent-management-trends-for-2016/
IBT Staff Report. (28 Feb, 2011). The 5 Most Prominent Management Trends of the 21st century. International Business Times. Retrieved 24 Dec, 2015 from http://www.ibtimes.com/5-most-prominent-management-trends-21st-century-271373
Florentine, S. (09 Feb, 2015). 7 Workforce Management Trends That Will Impact IT in 2015. CIO. Retrieved 24 Dec, 2015 from http://www.cio.com/article/2881184/careers-staffing/7-workforce-management-trends-that-will-impact-it-in-2015.html
Tripathi, B. (21 Apr, 2015). 8 Project Management Trends to Watch for in 2015. Synquis Software. Project Management Blog. Retrieved 24 Dec, 2015 from
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