Better Decisons through Effective Information: Methods, Tools, and Tips for using Financial and Statistical Tools

Businesses, organizations, governments, and operations are changing dramatically; the last two decades have seen the pace of this change dramatically increase. Many are still attempting to structure and operate like it was three decades ago. New and more effective tools are required to keep up. These tools apply to both manufacturing and service organizations. The Skills to Advance your Career Series covers these more effective tools and includes three books: •Better Decisions through Effective Information •Preparing Statistically Strong Tactical Reports •Preparing Statistically Strong Strategic Reports Better Decisions through Effective Information, book one, covers decision-making and the foundation of information. This foundation is both statistical and financial. Division of Labor is the framework for all aspects of decision-making. It must be clearly understood to separate the policy, strategic, and tactical decisions. This book will explain the informational views to support each decision type. This book is unique in that it covers both statistics and financial reporting. The strategic decision of evaluating capital budgets and projects will be explained. Then we will provide a good statistical foundation and the show you how to select the appropriate statistical tool Finally, we will explain decision-making as a process.