Are you sure you are making the best consumer credit decisions? Given the constantly evolving market conditions, it is a challenge to keep informed. In order to confidently grow and manage the bottom line, organizations need to avoid these four basic risks of making credit decisions with limited trend visibility.
- Competitive Risk – With limited visibility to industry trends, organizations cannot understand their position relative to peers.
- Product Risk – Organizations without access to the latest consumer behaviors cannot identify and capitalize on emerging trends.
- Market Risk – Decisions suffer when made without considering market trends in the context of the economy.
- Resource Risk – Extracting useful insights from vast market data requires abundant resources and comprehensive expertise.
