BUSN 603- Quantitative Analysis Assignment Help
1. Who are you? What strategic management experience have you had? Where are you in the APUS program? What interests do you have that may contribute to our learning about strategic management and planning?
2. Please respond the paragaraph.
3. What are the attributes of a good quantitative analysis model? C.W. Churchman once said that "mathematics tends to lull the unsuspecting into believing that he who thinks elaborately thinks well." Do you think that the best QA models are the ones that are most elaborate and complex mathematically? Why or why not?
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Question 1
I have been learning about strategic management and its benefits in the APUS program for a year and two months now. I am currently recruited as the Junior Assistant Manager of Strategy and Performance Monitoring and I along with the Senior Manager look over the strategies implied to different operational units and check over their performance. Maintaining the rules of the organization to attain a profitable stance in the long run is what I want to gain from the course. Working with the people requires skills that hae to be developed for conflict resolution and the course will teach me that as well.
My job requires the analysis of the individual performance in the organization and effective plans for the identification of skills through communication. The program is set to teach the various strategies that can be applied for the improvement of company goals through positive attitude and effort of the employees along with proper motivation from managers like me.
Question 2
The collection of data by any organization is followed by the strategic analysis of the data that helps the people of the firm to identify the information of top priority. It has to be done in a proper way to help improve the efficiency of the firm and the APUS program teaches that as well. The data analysis is done based on the trends of the market and the population so that it can locate areas that will help the firm in being more successful and profitable. The data is stored in hard drives, printing, cloud storage, etc., after analysis is done in the following ways:
• Sorting and categorizing
• Comparing constantly
• Using software like NVivo 8 for better understanding.
• Speculating the results and outcomes that might be attained.
• Connecting the data through web and creating a visual image for it.
• Discussions made against the collected information.
Question 3
Quantitative analysis is defined as a method, which is scientific and technical and can be used for the analysis of various business decisions as well as operations and helps in the formation of various executive decisions. The raw data from the organizations are collected and mathematical measures are used to formulate and validate the information (Serrador& Pinto, 2015). There are a number of steps that are undertaken in order to analyze the data quantitatively while an experiment is carried out. Proper observations are made and questions are asked in order to form the hypothesis, which can either get accepted or rejected.
The models based on QA have elaborate concepts and complex mathematical representation of data for proper understanding of the information. However, it is not essential to be so at all times. Practical business problems have to be solved using a simple formula and needs to have proper balance (Heikkilä& Bowman, 2018). That will make the utilization of the outcomes easier. QA models are used to prepare prediction methods and provide valuations of the information that can be presented in a way, which is easy to fathom. Complex mathematics might make the solutions specific but also gives a chance for mistakes to occur that the simpler methods avoid.
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