Illustrate what happens if the data entered is wrong

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Reference no: EM13108909

Q. At the monthly meeting, one of your co-workers stated that "Using the right analysis tool will compensate for inexperienced managers." Explain how would you reply to your co-worker?

Assignment Guidelines:

In 1,000–1,250 words, address the subsequent:

Do the tools help only in certain situations, such as routine, daily, or rather mundane decisions, like cost controls, quality controls, or staffing questions (in terms of number of people needed)?

Do the tools help the finance or accounting arms of an industry more than operations managers do?

Illustrate what happens if the data entered is wrong? Analytical tools suffer from the GIGO (garbage in, garbage out) weaknesses and thus an analysis based on these numbers can be flawed.

Can the software and tools replace experienced and seasoned managers? Do computers really think? Do they learn from their mistakes? Can they manipulate or change their environment?

Reference no: EM13108909

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