Using Quantitative Analysis as an Effective Tool

Three Key Aspects and Company Examples

Using Quantitative Analysis as an Effective Tool:

Three Key Aspects and Company Examples

For most of business history, decision making was based on qualitative individual judgements that had only crude data behind them. Retailers decided what to stock based on “gut instinct” of a prospective buyer, not on the basis of vital models of consumer behavior. The increasing need for quality research, especially in the area of quantitative analysis, has forced many companies to employ managers and leaders with specific training in this field. The successful companies of today utilize quantitative analysis as a tool to find and solve many different problems. These problems can be as diverse as: evaluating financial benefits, projecting future performance, and determining the savings or simplification of a process. Companies such as Coca Cola, Microsoft and Intel are the leaders in their respective fields because, they effectively utilize the tools at hand to make informed decisions. The key element of any “problem solving” method is to gather the information necess!

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Cooper & Schindler (1998) discusses the vital need for quality research and quantitative analysis.

Cost-Effective Analysis-Evaluates Results or Outcomes

According to Atlantic-ACM (2001), the company is an international strategy consulting and research firm well known for it’s exclusive analysis of the telecommunicatiuons industry in the United States. They are increasingly a critical tool for almost every kind of analysis and planning. The value of working in conjunction with partners was simple. Cooper & Schindler (1998), defines cost impact as “determines the cost or impact associated with a process.

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**Bibliography**

References

Atlantic-ACM wholesale market study reveals. One of the types of quantitative studies (Cooper & Schindler, 1998) cost effectiveness analysis was used by Atlantic-ACM to study the U. In the examples discussed, Ballard Power Systems realized a need to expand their business globally by merging with strategic partners able to effectively deliver the benefits of clean, efficient, and reliable power in a wide spectrum of potential applications. However, let it be said that quantitative analysis is only as good as the data supporting the analysis. Atlantic-ACM utilized cost effective analysis to determine that in order for wholesalers to sell their products effectively they ne!

eded to provide resellers with more marketing support to help drive sales of their products and services to end users. The exploding data/internet demand, expanding networks, evolving technologies, developing channels, and de-regulating global markets have lo!

wered the cost of long distance time and time again.

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Approximate Word count = 1383
Approximate Pages = 6 (250 words per page double spaced)

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