Necessarily benefit to the decision-making process

Assignment Help Business Management
Reference no: EM132906581

You work for a tourism board at a top destination within the United States that among other tasks, acts as a third-party reseller of attraction tickets in one of the world's top vacation destinations. The organization has an e-commerce presence where tickets are sold online, as well as a physical store location where people can go to purchase physical tickets in person. In all instances, the ticket purchases are recorded and referenced back to various marketing databases that allow the organization to see how well different promotional campaigns have done, which products sell better than others, and what time of year the sales are highest and lowest, to name but a few.

Jeff, a junior financial analyst, conducts reviews of the ticket sales data with painstaking detail, often producing reports that show detail lines for each individual sale from the online web storefront and the physical store. Strategic decisions regarding sales are often made based on a few small examples of individual rows from the report and often do not always reflect the sales trends accurately.

The board director does not see any issue with the reports that Jeff presents, in fact hailing his work as the best analysis he's ever seen. You have been asked to discuss the current reporting practice with the board, including Jeff, in hopes you can offer some suggestions on how the data can be better presented, as well as explain why there is too much detail in the reports to support effective decision making.

The questions they are presenting you with include:

What is the major issue with how Jeff is using the data?

Why is too much data grain not necessarily a benefit to the decision-making process?

What might be a better measure of the success of ticket sales than line by line review of every ticket sold?

Reference no: EM132906581

Questions Cloud

How has perception of accounting changed : What is one or more skills you learned or some specific content knowledge that you think you will remember six months from now?
General practices surrounding data collection : What are the general practices surrounding data collection? How can privacy violations occur?
Changing the healthcare delivery system : Changing the Healthcare Delivery System gave you an insight of what the industry as a whole is facing. Express in these two topics
Determine the unrealized gain or loss on the investment : Determine the unrealized gain or loss on the investment that should be reported at year end by All Good Company. If it is a loss, enter as a negative number.
Necessarily benefit to the decision-making process : Why is too much data grain not necessarily a benefit to the decision-making process?
What are some inventory ordering costs : Question - What are some inventory ordering costs? As defined here, are these costs fixed or variable
How much interest expense will be paid on august : How much interest expense will be paid on August 31, 2021? Allstar Company signed a $150,000 mortgage on July 1, 2021 for the purchase of new garage building.
Globalization affected the supply chain : Define suppliers and explain interests and power, especially as related to lead firms. Discuss at least 2 reasons why globalization affected the supply chain
What are some specific inventory carrying costs : Question - What are some specific inventory carrying costs? As defined here, are these costs fixed or variable

Reviews

Write a Review

Business Management Questions & Answers

  Breakup of firms as diverse as energy companies

Politicians can be strange. They have been calling for the breakup of firms as diverse as energy companies and tech giants like Microsoft and Google

  Creating and giving an entertainment speech

What do you think is most important to remember when creating and giving an Entertainment Speech?

  Main focus for any network administrator

Congestion management is a main focus for any network administrator. Networks are dynamic. Problems develop over time due to ever-changing business requirements

  Portion of open ssl

1. The person who wrote the portion of Open SSL, code containing the Hearbleed vulnerability said the error slipped through because

  Create value through sustainable design

How do companies create value through sustainable design?

  What is the stock worth today

After seven years, the firm will grow at a constant rate of 5 percent. Its first dividend, to be paid in year 7, will be $3.37. If the required rate of return.

  A model of global citizenship

Need re read the article ferce a A Model of Global Citizenship: Antecedents and Outcomes by Stephen Reysen and Iva Katzarska-Miller.

  Webkit animations to transition the coordinates

Every time I click the button, make the box go to the next corner and randomly change color (animated) use javascript mixed with webkit animations

  What are the advantages to shawna of taking bud offer

What are the advantages to Shawna of taking Bud's offer? What are the clear drawbacks?

  Biggest causes of juvenile delinquency

In a recent speech, the governor of your state announced: "One of the biggest causes of juvenile delinquency in this state is the high rate

  Ownership for aggressive entrepreneurial firm

What is the most appropriate form of ownership for an aggressive entrepreneurial firm?

  Manage the perceptions rationality and fairness

What are things that negotiators can proactively do to manage the perceptions rationality and fairness?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd