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1 1 Discussion Leveraging Data To Inform Decisions Question Description In this discussion, you wil
(Solved): 1 1 Discussion Leveraging Data To Inform Decisions Question Description In this discussion, you wil ...
1 1 Discussion Leveraging Data To Inform Decisions
Question Description
In this discussion, you will introduce yourself to the class. You will discuss an article that covers how spreadsheets are leveraged in management to inform decisions. In your initial post, briefly introduce yourself to your peers by describing your academic and professional background. Then, using what you learned from the Using Excel to Make Strategic Managerial Decisions article, think about a past or present situation where data could have helped or can help you make an informed decision. Describe the situation and the kind of data that would have or could still help you. Using Excel to Make Strategic Managerial Decisions.
Journal of Information Systems Education; Spring2016, Vol. 27 Issue 2, p93-98, 6p, 4 Charts
Document Type:
Article
Subjects:
Microsoft Excel (Computer software); Business students; Electronic spreadsheets; Decision making in business; Data entry; Point-of-sale systems
Author Supplied Keywords:
Data cleansing Descriptive statistics Excel Spreadsheets
Abstract:
This case involves actual data from a student managed café that serves as a learning laboratory for a college of business. The student team that manages the café has never had access to precise data from a point of sale system until this semester. However, once they downloaded the raw data from the cash register they were unable to make sense of the data. This was in part due to the data entry errors in recording transactions as well as operational issues such as multiple managers entering new items into the register when there is already an existing code for the item in the Point of Sale (POS) database. To clean up the data and develop actionable spreadsheet based results, the managers decide to call in a team of information systems consultants to help them clean the dataset while not losing important data. To address the operating concerns of the managers, the consultants analyze the sales data for a number of questions whose answers can be used to improve how the café operates. By using Excel to analyze the data, consultants will be able to address the managerial decisions faced by the café team. [ABSTRACT FROM AUTHOR]
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Author Affiliations:
1Management, Information Systems and Business Education Scott College of Business Indiana State University Terre Haute, IN 47809, USA 2Operations & Supply Chain Management Scott College of Business Indiana State University Terre Haute, IN 47809, USA
