How statistics is useful for managers

Hi, rishuguglu!

What kind of statistics for what kind of managers, please?

Thanks!

This sounds like a homework question Clough.

Hi, Stringer!

It could very well be!

If so, I would hope that rishuguglu would welcome the opportunity to be able to figure out the answer with some helpful guidance!

Wouldn't you say that you and I are managers in a number of ways because of what we do in the course of making a living for ourselves?

Thanks!

Quote:

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Originally Posted by Clough

Hi, Stringer!

It could very well be!

If so, I would hope that rishuguglu would welcome the opportunity to be able to figure out the answer with some helpful guidance!

Wouldn't you say that you and I are managers in a number of ways because of what we do in the course of making a living for ourselves?

Thanks!

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Absolutely Clough and good management skills are vital.

One way that I use statistics during my business, is that I know that I'm more likely to find more customers for piano tuning when the temperature outside has just settled in to being hot or being cold.

For instance, at the start of the summer and during the start of the winter.

Now, you're more so a manager of people than I am. What sort of statistics might you use in the management of your personnel please, Stringer?

Thanks!

Quote:

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Originally Posted by Clough

One way that I use statistics during the course of my business, is that I know that I'm more likely to find more customers for piano tuning when the temperature outside has just settled in to being hot or being cold.

For instance, at the start of the summer and during the start of the winter.

Now, you're more so a manager of people than I am. What sort of statistics might you use in the management of your personnel please, Stringer?

Thanks!

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I'll give you this; when one of our major contracts was up for review they were set to try their best to get major concessions from us by bringing up instances where they thought were issues without resolution. I prepared by going back to all my emails, faxes, documented messages, etc. And then I did a bar graph indicating comparisons of issues to results, problems to solutions, complements to criticisms, etc. All results indicated that we were performing way above expected and quickly eroded their dissensions. Allowing us to make some concessions on our terms and still receive a 5% increase in the contract monies.

Night now.

Stringer

Yes, I agree! It is "night now", Stringer! :D

When you have the time, would you please describe to me how you put together a bar graph of what you just described?

Seems to me, that something like that would be very useful when looking at things in a statistical way!

Thanks!