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The role of business analytics in supporting strategy processes: Opportunities and limitations

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  • Martin Kunc
  • Frances A. O’Brien

Abstract

Many organisations consider business analytics to be a key organisational capability. To date, there is little evidence on how organisations have included analytics at the heart of their strategy processes. This paper addresses this issue by exploring the activities within a strategy process and considering the potential role that business analytics might play in providing support to such processes. We perform a search in multidisciplinary databases for evidence of the use of business analytics within strategy processes and we reflect on its use in two case studies performing strategic analysis within the pharmaceutical industry. The findings indicate business analytics is still an emerging field without a structured approach. Business analytics can provide important data-driven insights into strategy processes; we therefore recommend its further integration with other traditional OR and strategy tools in order to support strategic decision-makers.

Suggested Citation

  • Martin Kunc & Frances A. O’Brien, 2019. "The role of business analytics in supporting strategy processes: Opportunities and limitations," Journal of the Operational Research Society, Taylor & Francis Journals, vol. 70(6), pages 974-985, June.
    • Handle: RePEc:taf:tjorxx:v:70:y:2019:i:6:p:974-985
    DOI: 10.1080/01605682.2018.1475104
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    Cited by:

    1. Ashrafi, Amir & Zareravasan, Ahad, 2022. "An ambidextrous approach on the business analytics-competitive advantage relationship: Exploring the moderating role of business analytics strategy," Technological Forecasting and Social Change, Elsevier, vol. 179(C).
    2. Rosa Lombardi & Raffaele Trequattrini & Federico Schimperna & Myriam Cano-Rubio, 2021. "The Impact of Smart Technologies on theManagement and Strategic Control: A Structured Literature Review," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2021(suppl. 1), pages 11-30.
    3. Wullianallur Raghupathi & Viju Raghupathi, 2021. "Contemporary Business Analytics: An Overview," Data, MDPI, vol. 6(8), pages 1-11, August.
    4. Symitsi, Efthymia & Stamolampros, Panagiotis & Daskalakis, George & Korfiatis, Nikolaos, 2021. "The informational value of employee online reviews," European Journal of Operational Research, Elsevier, vol. 288(2), pages 605-619.

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