In Week 1, students were asked to comment on the usefulness of data-driven decision making. Now consider this from a business partner perspective. How could data and metrics help strengthen relationships with their business partners? In other words, what value would this add to the business?

Some data and metrics that can help strengthen relationships with business partners include things like accountability, objective decision making, performance evaluation and improvement, and alignment of goals and objectives. By sharing relevant data and metrics with business partners will allow both parties to have a clear understanding of the performance and progress, which also promotes transparency and accountability. By using objective decision making and by analyzing relevant metrics, organizations and their business partners can make informed decisions based on evidence rather than subjective opinions. Performance evaluation can help by regularly sharing performance data, organizations and their partners can assess the effectiveness of their collaboration. Lastly, by sharing and analyzing relevant data, both parties can make sure that their efforts are aligned and track progress towards shared targets. Having a strong relationship with a business partner has many values but what it can do for the team is "Communicating and sharing metrics regularly can help team members stay informed, engaged, and motivated, as well as identify problems, opportunities, and best practices." (Performance, 2023, p. 4).

What are your thoughts on this?