The study is the use of quantitative techniques in forecasting the future sales revenue in the organization. In addition, it is useful in making the business plan of the organization. According to Bryman & Bell (2015), the quantitative techniques like SPSS and R have to be implemented to assist the business organization in determining the sales revenue and the future business plan. the quantitative techniques like shall be used in determining the policies of the business enterprise .The problem statement also relates to the operational statement that has been effective in predicting the future performance of the business enterprise. It becomes necessary to analyze the role of the quantitative techniques in executing the financial performance of the business enterprise.
The quantitative techniques shall be assessed from the point of view of the operational policies of the business enterprise. In this regard, past research e documents, journals shall be used to determine the usefulness of the quantitative techniques in the operational policies of the business enterprise. The quantitative techniques like the can be used to assess the performance of each aspects of the business enterprise. In this regard, it can be said that the purpose statement shall be assessed to determine the future operational policies of the business. The purpose statement relates to the global operational policies of the business enterprise.
The purpose statement refers to the operational policies of the business policies of the business enterprise and its implications in the global business market. The purpose would result in the implications of the quantitative techniques on the production process of the business organization. The quantitative techniques in the operational policies have to be implemented mainly in the manufacturing sector. In addition, this has been useful in the automobile sector and has been reducing the cost of production. However, the quantitative techniques vary in the case of the manufacturing and the automobile sectors. In implementing these techniques, the financial expenses have been an essential feature in these two sectors. The brand has been essential for the
What are the existing trends of the quantitative techniques implemented in the business organization?
How quantitative techniques adopted benefits the business organization in terms of the operational policies?
What are the quantitative techniques adopted that would be useful for the business organization?
In what kind of business entities quantitative techniques are used in enhancing the b operational policies of the business policies?
A sample of 6 middle ranked managers can be used to analyze the efficiency of the organizational policies of the business enterprise. According to Eriksson and Kovalainen. (2015), these would assist an entity to gain the valuable opinions of the employees in regarding the implementation of the quantitative techniques in the operational policies of the business enterprise. Yi & Gong (2013) stated that the sample selected would assist the researcher in executing the financial operational policies of the business enterprise,
The data collection procedure shall be composed of the primary and secondary data . The primary data would be gathered through the interview of the six managers in the business organization. As such, it can be said that this would be a valuable source of information to the researcher in meeting the long term goals and the objectives of the entity.. The researcher has taken adequate measures to ensure that the people involved in the research procedure would be protected and their identities would not be disclosed in any manner. Yi & Gong (2013) mentioned that this is primary the responsibility of the researcher to ensure that the parties involved in the research procedure would be able to provide their free and fair opinions without any force being applied from the external environment . The secondary data collected would be of assistance to the researcher to gather valuable information relating to the importance of qualitative techniques in the operational process of a business enterprise.
Lahiani, & Guesmi (2014) mentioned that a descriptive research design shall be implemented in the organization to give an in-depth analysis of the topic of the research. This would enable the researcher in in determining the quantitative questions and its implications on the business performance. In addition, a deductive research approach has been selected to assist the business entity. Zikmund et al. (2012) stated that the data collected should relate to the research design that would give an in-depth view of the processes of the business organization. The descriptive research design shall have the necessary characteristics that would enable the business entity in adopting a proper approach to the implementation of quantitative techniques in the production process in an organization (Wilson, 2014).
Issues of reliability and validity
Hamilton & Raj(2013) mentioned that the issues of reliability and validity shall be effective in determining the operational and the financial policies of a business enterprise. The qualitative framework shall be established as per the issue of reliability and validity of the operational policies of the business enterprise. As such, the issue of reliability and the validity can be overcome by adhering to the facts relating to the implementing of the operational policies of the business enterprise. According to Eriksson & Kovalainen (2015), the quantitative techniques is not based on assumptions, thereby, leading the business organization towards achieving transparency and fairness. The reliability and validity are the essential components that shall allow a business enterprise to achieve further growth. The issue of reliability and the validity if it is successfully overcome that would assist the researcher in meeting the long-term goals and the objectives of the research study.
The primary data shall be assessed quantitatively as per the research objectives .In this regard, it can be said that this would assist the researcher in attaining the research goals in an effective manner. The secondary data gathered from past researchers and journals would be a valuable source of information to the researcher in gathering the effectiveness of the quantitative techniques in the business operational policies of the business enterprise. There shall be quantitative questions asked to the researchers, which shall be both open –ended and closed ended. These shall help the researcher in evaluating the effect of the quantitative techniques in analyzing the impact of the quantitative techniques on the operational policies of the business enterprise. In gathering the views of the participants in the research process, the researcher shall be able to understand the significance of the quantitative techniques to a business entity, in the context of the global market .
Collis & Hussey (2013) mentioned that the quantitative techniques relates to the operational policies of the business enterprise. In this regard, it can be said that the quantitative data shall be depicted through the Ms excel and would be shown through graphs and charts. Di Benedetto & Kim (2016) stated that the data analysis techniqueshould be effective in determining the advantages of quantitative techniques used in the operational polices of the business enterprise.
The analysis of data would assist the researcher in doing a detailed analysis of the goals and the objectives of the research study. The analysis of data shall largely depend on the data gathering process. According to Bryman,, & Bell, (2015), the data gathering process would help the researcher in setting up of the research goals and objectives . It is the primary responsibility of the researcher in analyzing the existing trends in the business operational policies in adopting the quantitative techniques in the operational policies of the business enterprise.
Constraints of time and resources are pertinent limitations to the development of the research study. The gathering of resources shall take considerable time and effort which was not possible in a limited time span. Also the research is binded by certain ethical restrictions. Boons & L?deke Freund (2013) mentioned that the research process have to be restricted by the ethical limitations in the research procedure. The researcher has to ensure that the participants are not harmed in any manner and data is not disclosed. In additions, the participants have to be full knowledge of the research process.
Boons, F., & L?deke-Freund, F. (2013). Business models for sustainable innovation: state-of-the-art and steps towards a research agenda. Journal of Cleaner Production, 45, 9-19.
Bryman, A., & Bell, E. (2015). Business research methods. Oxford University Press, USA.
Collis, J., & Hussey, R. (2013). Business research: A practical guide for undergraduate and postgraduate students. Palgrave macmillan.
Di Benedetto, C. A., & Kim, K. H. (2016). Customer equity and value management of global brands: Bridging theory and practice from financial and marketing perspectives: Introduction to a Journal of Business Research Special Section. Journal of Business Research.
Eriksson, P., & Kovalainen, A. (2015). Qualitative methods in business research. Sage.
Hamilton, J. D., & Raj, B. (Eds.). (2013). Advances in Markov-Switching Models: Applications in Business Cycle Research and Finance. Springer Science & Business Media.
Lahiani, A., & Guesmi, K. (2014). Commodity Price Correlation and Time varying Hedge Ratios. Journal of Applied Business Research, 30(4), 1053.
Wilson, J. (2014). Essentials of business research: A guide to doing your research project. Sage.
Yi, Y., & Gong, T. (2013). Customer value co-creation behavior: Scale development and validation. Journal of Business Research, 66(9), 1279-1284.
Zikmund, W., Babin, B., Carr, J., & Griffin, M. (2012). Business research methods. Cengage Learning.