3. Due to a down-turn in the economy, your company has been experiencing financial losses in...

Question:

3. Due to a down-turn in the economy, your company has been experiencing financial losses in revenue. You have been asked to put together a team that will find 3-5 low-cost or no-cost ways to resource costs by 25% for your company's main product line. You are being given less 6 weeks to identify and test these cost-cutting measures. If they work in a pilot, you and your team guide the organization through the changes, if not your team will be "redeployed". With no margin for error, you feel that it is imperative that evaluation be "right" from the beginning. Identify the evaluations and key decisions that need to be made in each of the next six weeks. (Reminder: this isn't about designing the solutions but the plan to get to solutions.

Qualitative and Quantitative Analyses:

Both qualitative and quantitative analyses are important when we are considering making changes to our business or to our company. Quantitative consider the numbers and related information behind the change. Qualitative consider the soft impact and non-number driven effects.

Answer and Explanation:

The most imperative evaluations and decisions that will need to be made over the next six weeks can be grouped in three main categories: 1. revenue,...

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What is Quantitative Data? - Definition & Examples

from ELM: CSU Math Study Guide

Chapter 5 / Lesson 7
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