Statistics in Action
Executive Summary
Companies across the globe incorporate statistical practices that are essential in managing data assessment processes. Data analysis focuses on examining information that is essential in developing sensitive decisions in the business. A company can encounter a data analysis win or challenge that can affect overall organizational processes. The paper will focus on assessing the statistical practices of Alphabet Corporation. Currently, the company is encountering three significant problems, including the development of regulatory risks, skeptical workers, and maintaining substantial profits. The company needs to shore its earnings because it spends large amounts on research and development processes. However, the corporation’s CEO assumed his position on 3rd December, which is a threat to managing activities and developing decisions. The company needs to overcome the difficulties of facilitating data analysis procedures that are essential in creating critical choices.
Association of the Article with a Statistical Practice
The statistical practice incorporated in the article is examining the company’s profits, shares, and employee turnover to develop significant decisions. The piece provides information regarding the current share value of the corporation, which is 26% of the total market rate. The article highlights the percentage of profit margin in the industry, which amounts to 24% (Gaus, 2019). Besides, the author demonstrates that the estimated EPS was $ 12.42, but Alphabet Corporation was successful in obtaining $ 10.12. The article provides information on equity losses amounting to $ 1.53B, while gains amounted to $ 1.38B (Gaus, 2019). The statistical data is critical in guiding decision-making activities in the corporation.
Summary of the Problem and the Impact of Tools in addressing the Challenge
Alphabet Corporation will experience challenges in 2020 that will influence overall operations. The first problem that the company might encounter is the development of regulatory measures. The firm recognized the state antitrust investigation this year, but it must comply with policies from other nations (Gaus, 2019). Besides, government lawyers are participating in probe activities of the company, which increases regulatory challenges. The other problem that Alphabet Corporation is likely to encounter in the following period is maintaining profit rates (Gaus, 2019). The financial data indicates that the company did not achieve its EPS target and incurred losses on equity stocks. The lack of clarity among managers has facilitated losses on trading shares (Gaus, 2019). The final challenge that Alphabet Company will encounter is skeptical employees. Some workers in the corporation disagree with its policies and guidelines, which are critical in regulating their conduct (Gaus, 2019). Alphabet Corporation needs to overcome the problems of maintaining high performance in the industry.
Application of the Example as a Lesson in my Organization
The illustration in the article can be used as a lesson in my organization to enhance performance and develop critical decisions. First, I would ensure that I examine the regulatory measures on the area of operation for my organization to avoid risks. I can establish my business in a location with favorable government policies. Secondly, I will optimize my organization’s profits by advertising and developing quality goods. I would not shore profits, which can increase financial risks in the company.
In conclusion, companies in different sectors consider incorporating statistical processes that are critical in making decisions. Data analysis assists corporations to develop choices that can facilitate positive performance. Corporations need to incorporate analytical practices and mitigate operational risks to sustain their efficiency in the industry.