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¶ … statistical techniques that managers can use to simulate business situations, optimize variables, and forecast sales or other figures?
Statistical techniques that managers can use include goal seeking, optimization, what-if analysis, and forecasting.
Wallace (2013) shows that a what-if analysis is particularly helpful for simulating a business situation, as it presents a model that can calculate the way that two or more variables relate to one another. Using the what-if analysis, workers can see what happens when variables are altered or changed and they can view how such changes effect different outcomes. For example, if one desired to see how marketing costs might impact a project in relationship to the overall budget, the what-if scenario would be a perfect way to investigate this.
Goal seeking is another way in which the Excel model format can be utilized to help managers simulate business situations, optimize variables and forecast with accurate results. Goal seeking is based on the decisions support tool and allows the individual to set a goal and determine the pathways to its achievement. This gives the user the opportunity to navigate a series of avenues and alternatives to see which delivers the best results, while altering variables as desired.
Forecasting is another decision-making...
Forecasting is essential a method of using variables to make predictive outcomes and it uses past outcomes and precedents as a way of measuring what the future is likely to be.
2.What are the five Web 2.0 technologies that facilitate collaboration? What features does each technology provide?
Five Web 2.0 technologies that facilitate collaboration are 1) blogging, 2) chat, 3) online collaborative document construction (such as Google docs), 4) social media (such as Twitter), and video connection chat (Facetime, Skype) (Talbot, 2009).
Each of these technologies offers different features to the users in terms of facilitating collaboration. Blogging allows users to convey a detailed bit of information at a site where "blogs" can be stored and archived for later retrieval. These posts allow users to connect in an informal way to view opinion pieces and/or helpful how-to pieces that convey knowledge and understanding.
Chat can be used by organizations or workers and allows two parties to connect via the Web and to share typed communications in real time.
Online collaborative document construction allows users to work and share documents…
References
Talbot, B. (2009). How Web 2.0 Technologies Facilitate Collaboration. Retrieved from http://budtalbot.blogspot.com/2009/02/how-can-web20-facilitate-classroom.html
Wallace, P. (2013). Information Systems in Organizations: People, Technology and Processes. NY: Prentice Hall.
Business Strategies Found in Asia Pacific and Its Future Upon completion of this paper many avenues pertaining to business in Asia Pacific will be discussed. The nature of doing business in the region involves an understanding of many elements. These elements include the characteristics of the industrial and institutional environments of business there. There are many different business systems used in the region and knowledge of how these firms operate is
66). Furthermore, social software will only increase in importance in helping organizations maintain and manage their domains of knowledge and information. When networks are enabled and flourish, their value to all users and to the organization increases as well. That increase in value is typically nonlinear, where some additions yield more than proportionate values to the organization (McCluskey and Korobow, 2009). Some of the key characteristics of social software applications
Threats due to weather include floods, earthquakes, hurricanes, tornadoes and blizzards. Planning for weather events should be very realistic in nature. Major weather events usually occur in 25, 50 and 100-year cycles. Disease outbreaks are also a big threat. A potential flu pandemic could be detrimental to many businesses. For example, the bird flu pandemic scenarios that are floating around are being modeled on the Spanish flu pandemic of
This research will fill in a gap that was discovered in the literature review. There have been many, even in an academic setting, that have made comments regarding the effects of email on the student environment. However, there have been no significant studies to substantiate these claims. This study will fill in the existing gap in research and will examine the actual importance of email to the academic setting. Chapter
Decreased Usage of Nuclear Energy: Qualitative-Content Analysis ADissertation Presentedusing the Qualitative Content-Analysis inPartial Fulfillment of the Requirements for the Degree of Doctor ofManagement in Environmental and Social Sustainability Komi Emmanuel Fiagbe Gbedegan Caroline WesterhofPH-D Chair Dr. Daphne DeporresPH-D Committee Member Dr. Steven Munkeby, PH-D Committee Member Date Approved Komi Emmanuel Fiagbe Gbedegan, 2016 A qualitative content analysis will be conducted to explore the phenomenon of decreased usage of nuclear energy at a time when global climate change indicates the
Decreased Usage of Nuclear Energy: A Qualitative Content Analysis A Dissertation Presented using the Qualitative Content-Analysis Komi Emmanuel Fiagbe Gbedegan Christina Anastasia PH-D, Chair [Committee Name], [Degree], Committee Member [Committee Name], [Degree], Committee Member Date Approved Komi Emmanuel Fiagbe Gbedegan, 2016 A qualitative content analysis will be conducted to explore the phenomenon of decreased usage of nuclear energy at a time when global climate change indicates the need for increased usage of nuclear energy. Qualitative analysis involves obtained