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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?

Consider the following items in your discussion:

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)?
Do tools help the finance or accounting arms of a company more so than operations managers?
What happens if the data entered is 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?
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Solution Summary

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?

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I would not agree with my coworker's statement. In my opinion, choosing the right analysis tool is only one side of the coin. It is equally important to use that tool effectively or in other words, correctly interpret and apply the result of the analysis as well. The right analysis tool will be of no use if the inexperienced manager will not be able to correctly interpret and apply the results of the analysis.

Analysis tools can be used in a wide range of situations and such possibility can only be fully explored by an experienced manager. The inexperienced manager will not be able to make the full use of the ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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