Frequency Distribution


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What is the purpose of developing a frequency distribution? What is the relationship between the relative frequency and the cumulative frequency? Could a frequency distribution contain qualitative data? Why? In thinking about frequency distribution which, shows various data that is divided into different classes within a business. It also divides the occurrences in each of the specific classes. These frequency distributions are used in quantitative, and qualitative data analysis within any type of business. Many of the graphs, histograms, pie charts, and bar charts can be used within the frequency distribution to keep track of how well any product or service is doing within the business. The relationship between the relative and cumulative frequency is that the relative frequency counts the total number of counts on a certain product or service. While the cumulative frequency sums up the number of counts on the product or service provided. In my opinion this would be a good tool to use because of the data that it would provide for any business. Especially to see how well a product or service is doing within that business. It is also used to see how many times a certain event would happen over the course of a certain period of time. If the data that has been collected over that period of time is quantitative then the data will be used within the frequency distribution.

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Change Management in the Business World


I think that change management is just exactly what it means. This is the person or people who supervise anything that happens within the business. Managers are put in place within the organization to make sure that things are running properly and things are going smoothly. Managers are responsible for everything that happens or does not happen within that business. Making sure that the employees are doing the job that they are supposed to be doing without question. If the management team is not doing their job then things are probably not being done the way that they should. In any business change management is important especially if the business is just starting up because if the management team is not supervising the changes that are being made to make sure that they are implemented in the right way then this will cause other problems for the business. Making sure that shifts are running smoothly and correctly is the main key to having a successful day. For example, when I was a relief manager for a company I managed on my boss’s day’s off so therefore, I was in charge of making sure that the bank deposits were done correctly, I had to make sure that all three shifts were covered, and I also had to make sure that the shift had what they needed to make it through the night. I have made mistakes and learned from them but if I had paid close attention to what I was doing in the first place I would not have made mistakes. But you have to learn from your mistakes and make sure that you do not make the same one over again.

Implementation Process


Several potential mistakes within the implementation process for small businesses. One of the first mistakes is not being able to put the business strategy in motion for the business. Secondly, by having the wrong people in the strategy process could mean that the strategy process implementation will go the wrong way. The implementing the strategy process might be overwhelming. By nominating a certain amount of people to implement the changes that are necessary to accomplish the goals and objectives the business needs. Many companies have this problem when they are able to create the best strategies but fail to implement them the right way. This may cause problems that will not allow the company to move forward until the strategies, which implement the right way. In my opinion, the implementation process is the most important part however; this is the strategy process to make sure things run smoothly within the business by implementing the right strategic plan. If the company has the wrong people involved with, the implementation process will cause problems with making sure that the implementation of the strategy process is a success. One of the ways to avoid this is to have a certain amount of people working on the implementation process in identifying the short-term goals/objectives, communicating policies that will empower the company staff by keeping the company on the right path for success, and by designing rewards that will ensure that the company has effective results. Keeping the staff motivated in the success of the company and themselves. If the company does not have any type of motivational payoff for their employee’s they are not going to be willing to make the effort in making the company a success.

 

Mission Statements


When I think about a mission statement concerning the business, or organization that I am doing business with it needs to state their position and what their ultimate goal is within the success of the business. I have been in the restaraunt business for quite some time now and I have learned a variety of things over those years. However, most of the business’s that I have worked for do not stand behind the mission statement that they have put in place. Furthermore, keeping track of the things that the mission statement provides like guidelines for the employee’s to follow, and guidelines for the management to follow as well. If the management is not setting the right example for the employee’s this would fall on the profits, and business the company has. Keeping the employee’s informed and interested in what the company is all about which will increase motivation within the company. Business’s develop mission statements will allow the business to create or avoid any unforseen problems that might occur now or in the future of the business.
In my opinion the mission statement is the pride of the company the goals and objectives that the business has set in place to assure them of success in the business world. Standing by the company’s mission statement and taking pride in the work that you do requires hard work and dedication to the company.