Exam#2_Outline - MGT 4102 Outline for Test#2 104 points 35...

Info icon This preview shows pages 1–5. Sign up to view the full content.

MGT 4102: Outline for Test #2 104 points: 35 mult. Choice/(T/F) for 2pts. Each Several short answer: 34 points total (2-5qs?) Frameworks (Most important) Data analysis part of Problem Solving Framework Once the consulting team has collected the data, it needs to be summarized: o From Interviews/Direct Observations: From the interview and observation write-ups record the major issues/key points mentioned and look for consensus. Major themes should emerge (3-4, no more than 7). Develop a summary around each major theme . Keep direct quotes anonymous . Use flowcharts to document process observations . o From Questionnaires/Surveys: Use a computer generated scoring program (or Excel) to summarize the data, calculate mean scores , and otherwise sort the data in ways that can allow the analysts to identify relationships . o From Organizational/Public Records: Typically, the data collection here is focused on answering specific questions . Summarize the results of the research in a report or white paper. Basic approaches used in data analysis: o Frameworks: Data visualization techniques , ex: any 2x2 matrix, flowcharts, graphs, maps Categorization and Classification models (SWOT, Porter 5, BCG Growth-Share Matrix, Kinsey/GE Cell Matrix) Profitability Model Numerical analysis and Financial Ratios Decision Trees o Statistical Methods: Correlation (ex: relationship between costs and profits)-any of a broad class of statistical relationships involving dependence ) Causation (ex: planning results in improved performance) Dependence -any statistical relationship b/w two random variables or two sets of data. Familiar examples of dependent phenomena include the correlation between the physical statures of parents and their offspring, and the correlation between the demand for a product and its price. Correlations are useful because they can indicate a predictive relationship that can be exploited in practice .
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

o Methodologies o Other Management Tools Data Visualization: 2x2 Matrix Visualizing Information Ex: 3-Dimensional data visualization
Image of page 2
Visualization techniques: Flowchart Data Map Comparison Pie Chart
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Categorization/Classification Models: o Analysis Techniques and Frameworks: Environmental Context 3 useful techniques to put business (or product) in context SWOT, PESTEL, and Porter 5 Forces SWOT identifies strengths, weaknesses, opportunities, and threats PESTEL looks at the environment in which the firm operates: P olitical, E conomic, S ociocultural, T echnological, E nvironmental, and L egal. Porter 5 Forces examines industry specific structure and “forces” that can result in an attractive or unattractive competitive situation . o PESTEL: Drawing in Notes What do you learn from PESTEL Analysis?
Image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern