Unit 5 DB - Unit 5 Discussion Board Tammi Pierce American...

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Unit 5 Discussion Board Tammi Pierce American InterContinental University There is an idea that selecting the right analysis tool can compensate for a lack of managerial experience. The theory is that data analysis tools can answer questions that new managers cannot. Generally speaking, data analysis tools do provide a wealth of information regarding any facet of business operations. Unfortunately, data analysis tools cannot do all the work by themselves. It takes an experienced manager to not only understand what variables should be analyzed, but to also look beyond the analysis at the larger picture. Conventional wisdom dictates that operational data analysis tools are only useful in the management of mundane details or financial and accounting applications. Data analysis tools can be configured to evaluate a myriad of variables ranging in complexity from the average size of ball bearings to the number of engineering changes in an engine design (Collier & Evans, 2008). The level of the individual measurements may be mundane, but the assembly of mundane
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This note was uploaded on 01/01/2012 for the course ACCT 205 taught by Professor Wendyw.achilles during the Spring '10 term at American InterContinental University.

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Unit 5 DB - Unit 5 Discussion Board Tammi Pierce American...

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