Target Case Response To Questions.. 1. The Case Describes

2.1 Evaluate the decision making models which are used to support decision making 2.2 Identify those to be involved in analysing information and decision making 2.3 Evaluate methods of presenting decisions made

1. Given a business situation in which managers require information from a database, determine, analyze and classify that information so that reports can be designed to meet the requirements.

As generations pass by, divorce is becoming more of a social norm than a problem between two individuals. Divorce once was a private household issue but it became widespread only a couple of decades ago. According to the statistics, in the 1950s only 3% of families got divorced and in the 1960s it was already 10%. In the 1980s, 33% of families opted for divorce due to various environmental factors. Recent studies in Canada today, show that the rate of divorce is changing to an extent such that 4 in 10 marriages end in separation. Divorce is a sensitive concept which lies beyond two individuals simply falling out of love as is both the cause and an effect. The many factors that contribute to divorce are extramarital affairs, financial struggles, and the lack of communication.

The issues arising from such a system is the amount of data collected, the operational system in place gathering the data and the quality of that data. For example, in order to precisely identify costs related to a customer the bank should use the activity-based costing methodology, that will assign the costs of all activities of the customer towards the bank (products and services) and assign those costs to the actual consumption of each product and service. Such measurable data could be the income derived from interest paid on outstanding credit balances and loans, the fees paid by the customer, the risk score and the bank’s overhead towards the customer. In order to assess this data – usually they are suppressed in a computerized system that no one can use entirely – one should identify the specific measurable parameters. The bank will have to allocate resources for this task but it will pay off eventually. The data inputs will lead to product / service level metrics and will help the bank assess the profitability of each

3. Determine the fundamental obstacles or challenges that business management in general must overcome in order to implement data analytics. Next, suggest a strategy that business management could use to overcome the obstacles or challenges in question. Provide a rationale for your response.

It has recently come to my attention that Target Co. utilizes data mining to extract a wide spectrum of information about its customers by accumulating, analyzing and storing data about customer purchases. While I understand that this practice enables Target Co. to simultaneously deliver individually targeted advertisements across its diverse customer groupings, thereby increasing the potential for sales and improving customer retention, I also understand that large amounts of data unearthed by data mining can be manipulated to uncover hidden purchasing patterns to predict and shape future purchase decisions. Therefore, although there are significant benefits to using data mining, there are also serious costs associated with data mining that

The internal stakeholders should include the board of directors, top managers, middle managers, and the staff. Their values and opinions towards the core purpose and values of DJJ are indispensable and important. Developing some surveys and organizing the meetings among the staff are helpful ways to learn and exchange ideas and thoughts about DJJ’s mission and values. The surveys may include the degree of staff satisfaction about the current mission statement and, in case if disagreement, include ways to change and improve the statement. Then, targeting the “customers” that DJJ would mainly serve and focus on is an efficient way to identify the external stakeholders and clarify the core purpose of DJJ.

The history of divorce is a long windy road. At first separation was a personal

It is expected that in dealing with divorce, there will be numerous questions and uncertainties involved. It is our objective to eliminate the confusions in order for you to forge ahead with confidence and plan for a better future.

It is estimated some over 2million people get married each year. Half of divorces occur with in the first seven years and one-third within the first four years of marriage (Shapiro, 2000) given the above numbers one might be inclined to believe so. Researchers however have discovered several other factors that come into play. To better be able to understand this topic, I have reviewed various types of literature on this and relating subjects, my finding will be discussed throughout this paper.

According to the Sociology text, over four thousand persons aged 15 and over were reported a century ago where many had regarded divorce as a mark of personal failure. Also, the marks on the chart are determined by the divorce rate rose during World War II, when many couples were separated for long periods of time. By the 1950s rates had dropped below three thousand divorces and rose by 1985. These rates are notified to be tripled over the past century.

One of the issues Target could face if it continues to only focus on private label store brands and do not promote national brands is losing a percentage of its customers. Although Target’s innovative amount of store brands on its aisles has proven successfully for the retailer and consumers have shown a positive reception to the products, there are still a number of customers who are accustomed to

How data mining can assist bankers in enhancing their businesses is illustrated in this example. Records include information such as age, sex, marital status, occupation, number of children, and etc. of the bank?s customers over the years are used in the mining process. First, an algorithm is used to identify characteristics that distinguish customers who took out a particular kind of loan from those who did not. Eventually, it develops ?rules? by which it can identify customers who are likely to be good candidates for such a loan. These rules are then used to identify such customers on the remainder of the database. Next, another algorithm is used to sort the database into cluster or groups of people with many similar attributes, with the hope that these might reveal interesting and unusual patterns. Finally, the patterns revealed by these clusters are then interpreted by the data miners, in collaboration with bank personnel.4

Part 2. How Business Analytics can be used to gain advantage in a competitive marketplace

“DIVORCE” – Just the sound of such word in any married couple or children’s ear can cause great agony that can even become terminal. Research and personal experience, has proven that in today's society, divorce is more common amongst newlyweds. Since 2009 the rate of divorce has increased to approximately forty percent, There are three out of every ten marriage that ends up in divorce before it reaches the stage of maturity, and the most prevalent results are – lack of communication and infidelity.