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In the area of controlling organizations, the tasks of analyzing why strategies achieve objectives is critical for the future growth of an organization. Spreadsheets are often used to measure this variance between a strategic goal and the results achieved (Larson, Hsu, 2010). This type of analysis, called variance analysis, is invaluable in measuring each factor that contributed to a goals' attainment. The use of spreadsheets to isolate the factors that led to the success of one strategy vs. another often becomes the cornerstone of future successful growth by companies as well.
Conclusion
As spreadsheets make the entire management process measurable and critical success factors more quickly determined, this applications' use is also driving the development of entirely new business models as well (Grossman, 2010). With greater insights into the operations of their businesses, companies can now create more effective and customer-focused products, define more...
Spreadsheets make all these goals possible by providing feedback in measurable form as to the progress an organization is making towards them. The bottom line is that many organizations run on spreadsheets due to the benefits they provide.
References
Grossman, T.. (2010). RESOURCES FOR SPREADSHEET ANALYSTS. OR-MS Today, 37(4), 48.
Jelen, B.. (2010). PowerPivot for Excel 2010. Strategic Finance, 91(11), 54-55.
Larson, D., & Hsu, K. (2010). Analysis Of Variance With Summary Statistics In Microsoft® Excel®. American Journal of Business Education, 3(4), 7-11.
Shannon, P., Krumwiede, K., & Street, J. (2010). Using Simulation to Explore Lean Manufacturing Implementation Strategies. Journal of Management Education, 34(2), 280.
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