Importance of Communication for Business Performance

The goal in business is to generate results.

Precursors — data, decisions, actions

Data is a precursor to decisions. 

Decisions are precursors to action.

And actions, to results.

Input, process, output

Data is information that is inputted into our minds.

Which we then process by analyzing the information using heuristics and logics.

Decisions are made which stimulates action. And with the correct action, we get results.

Therefore…

Data is the First Principles of (possibly) generating results.

High quality data means accurate information.

High quantity of data means greater statistical significance. 

Effective communication of all of this data allows for faster processing, decision making, actions, and ultimately, results.