Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Analyze quantitative and qualitative data to solve problems and make decisions that impact organizations and their stakeholders. You have been asked to present your data

Analyze quantitative and qualitative data to solve problems and make decisions that impact organizations and their stakeholders. You have been asked to present your data findings and decision-making modeling to the leadership panel for feedback prior to the stakeholder meeting presentation. The panel wants to preview the charts and graphs that will be included in your presentation based on the research you have conducted. They would like to see how you will use the data to inform your recommendation, and how you will tell the story of that data.

Part 1: create a visualization for each of the following, then summarize what the data is showing:

  1. The current state of the U.S. automotive manufacturing industry
    1. Sales by fuel type (electric, hybrid, gas)

  1. Current automotive industry trends
    1. The trend toward different types of motors for the vehicles being made and sold, such as electric and hybrid
    2. Trends in customer demands such as vehicle color, extra features, and styles
    3. Trends in the body types of vehicles sold (SUVs, trucks, sedans)

  1. Trends in the new industry electric vehicle charging stations
    1. Expected growth areas
    2. Sales by type of products or services offered
    3. Trends in customer demands

Then, provide a summary of all of the data visualized.

  1. Summarize the collective data about both industries as a whole.
  2. Determine what the data is not telling you about the new industry.

Part 2: Analyze three decision making models and select the one model that is best suited for making your decision.

  1. Analyze and provide an overview of the following three models and select one for use. Resources are listed in the Supporting Materials section.
    1. The Rational Model
    2. The Intuitive Model
    3. The Recognition-Primed Model
  2. Explain your choice of decision-making model.
    1. Why does your selection make the most sense for this project?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management

Authors: Stephen P Robbins, Mary Coulter

11th Edition

9780273752776, 132163845, 273752774, 978-0132163842

More Books

Students also viewed these General Management questions