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    analysis tool will compensate for inexperience?

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    Q: At the monthly meeting, one of your coworkers stated that "Using the right analysis tool will compensate for inexperienced managers." How would you reply to your coworker?

    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 terms of number of people needed)?

    Do tools help the finance or accounting arms of a company more so than operations managers?

    What happens if the data entered are wrong? Analytical tools suffer from the GIGO (garbage in, garbage out) weaknesses, and thus an analysis based on these numbers can be flawed.

    Can the software and tools replace experienced and seasoned managers? Do computers really think? Do they learn from their mistakes? Can they manipulate or change their environment?

    Response is 636 words.

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    https://brainmass.com/business/business-management/analysis-tool-will-compensate-for-inexperience-372361

    Solution Preview

    Q: At the monthly meeting, one of your coworkers stated that "Using the right analysis tool will compensate for inexperienced managers." How would you reply to your coworker?

    A: I would disagree. Inexperienced managers often do not know how to compute the analysis tools, cannot detect when something is "off" with the tool (get an abnormal computations) and thus the ingredients should be scrutinized, and novices can misinterpret the results. Analysis tools allow managers to see trends and patterns that are difficult to "see" by looking at a sea of data!

    Q: 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 terms of number of people needed)?

    A: Tools help in routine and non-routine decisions. Tools are matched to the decision needed. So, the analysis tools for deciding whether to outsource (infrequent) or buy a new building (30 year asset) differ from the ...

    Solution Summary

    Response is 636 words and disagrees in many ways. Examples are given. Discussion is in everyday language suitable for novices.

    $2.19

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