The real wordsUnverified
Taxonomy 3: organisational function
- Operational: used by lower level managers to monitor rapidly changing critical business conditions. Updates in real time or several times a day.
- Tactical: used by mid-level managers to identify and assess strengths and weaknesses in support of strategy development. Updated less often than operational.
- Strategic: used by executives to monitor KPIs relevant to overarching objectives. Updated on a recurring but less frequent basis.
- Analytical: used by analysts to identify and investigate trends, predict outcomes and discover insights in large volumes of data.