At a recent meeting, one of your coworkers stated that "Using the right analysis tool will compensate for inexperienced managers."
Do the tools help only in certain situations such as routine, daily, or rather mundane decisions, like cost controls, quality controls, or staffing questions (in term of number of people needed)?
How can analysis tools help the finance or accounting arms of a company more so than operations managers? (For example, do computers really think? Do they learn from their mistakes? Can they manipulate or change their environment?) What happens if the data entered are wrong?© BrainMass Inc. brainmass.com June 4, 2020, 12:00 am ad1c9bdddf
I strongly disagree with my coworker on his statement that "Using the right analysis tool will compensate for inexperienced managers." At the end of the day, the tool, no matter how right it is for the situation, is rendered useless if the one using it doesn't know how to use ...
This solution assists with the accounting questions.