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?© BrainMass Inc. brainmass.com October 24, 2018, 6:10 pm ad1c9bdddf
The success of any business and for that matter of the business manager is dependent on how well he or she can analyze the facts and make use of such knowledge to the advantage of business. In business the managers are required to take many decisions. Some of them are of routine nature and some of them have long-term impact. One should understand that a business manager is a decision maker and to take decisions he/she is required to follow a scientific approach through which accurate, consistent and timely decisions can be taken by the business manager. It is therefore vital to learn these scientific analytical methods. The vital aspects of decision-making are:
1. Ability to process large amount of information
2. Ability to see how the different aspects of information can be connected to find meaningful answers to some of the vital questions bothering ...
This post provides arguments for the debate "Using the right analysis tool will compensate for inexperienced managers." (580 words)
Decision Making Tools and Inexperienced Managers
Subject: Operations Decision Making
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?
Address the following:
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?
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