A research on data analysis for reaching strategic objectives

The institutions who desires an advance position in the future and sets goals in that respect ; should employ methods and sophisticated idea infrastructures to innovate better ways to do what they are doing today. The policy makers need accurately collacetion anda analysis of data while they shape and execute their strategic goal setting scenerios. The maturity that total quality movement reached; has lead executives toward process approach. In addition with that, the increasing demand for data analysis for decision making, have made ?statistical thought? a keen angle that executives should keep. The ?Six Sigma Approach? has become very popular in contemporary management medium due to the fact that it encompasses global problem solving algorithm as standard and uses process approach heavy relying on use of statistical techniques. Despite the fact that data analysis and statistical way of thinking has been widely recognized by executives; there are still many pillars that will require improvement. Some of these pillars may involve issues like the real life application performance improvement via data analysis; physcological perspective in respect with management and human resources, design of required mental structures, design of required training; selection of projects and importance of how to. This work emphasizes on how to employ data analysis in order to improve the performance of decisions and actions of executives to obtain their goals following the goal setting phase; while the strategic planning process and the place of data analysis during strategic planning has been investigated on fundamental basis in order to obtain the integrity within strategic management process as a whole.