Role of Statistics

for

Budding Manager
11/28/09 VER #1.0 1
 Role of Statistics for Budding Manager

Definition:
A set of procedures and rules for reducing large
masses of data into manageable proportions
allowing us to draw conclusions from those
data.”

The scientific study of numerical data based on

variation in nature.

11/28/09 VER #1.0 2

 Role of Statistics for Budding Manager

Statistics is defined as the science of collecting,

organizing, presenting, analyzing and
interpreting numerical data for the purpose of
assisting in making a more effective decision.

Statistics is used to answer long-range planning

questions, such as when and where to locate
facilities to handle future sales.

11/28/09 VER #1.0 3

 Role of Statistics for Budding Manager

Decision makers make better decisions when

they use all available information in an
effective and meaningful way.

The primary role of statistics is to provide

decision makers with methods for obtaining
and analyzing information to help make these
decisions.

11/28/09 VER #1.0 4

 Role of Statistics for Budding Manager
Evaluate the environmental impact of products and services
Determine the effectiveness of products
Estimate the market share of the company
Analyze consumer demand for products
Plan and analyze product experiments
Collecting data on subsets of the population(samples) can give
valid information about the whole population.
Knowing what has happened in the past can help answer
questions about the present & future.

11/28/09 VER #1.0 5

 Role of Statistics for Budding Manager

Statistical helps in proper and efficient planning of a

statistical inquiry in any field of study.

Statistical helps in collecting an appropriate quantitative

data.

Statistics helps in presenting complex data in a suitable

tabular, diagrammatic and graphic form for an easy
and clear comprehension of the data.

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 Role of Statistics for Budding Manager

Statistics helps in drawing valid inference, along with a

measure of their reliability about the population
parameters from the sample data.

Forecasting

Advertising companies use statistics to assess target

markets and formulate campaigns.

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 Role of Statistics for Budding Manager

For HR Manager:
Calculation of wastage ,supply and
demand of manpower and salary information.

For Operations:

With the help of Statistic production dept.

analyze the Stock position.

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 Role of Statistics for Budding Manager

For Marketing Manager:

Design experiments for new products, conduct

focus groups and sample surveys, and perform field
experiments in test markets to determine product
viability .

For Finance manager:

In order to calculate unsystematic risk and stock

trading
11/28/09 VER #1.0 9
 Role of Statistics for Budding Manager
Conclusion:
Using Statistics To Improve And Measure Business
Performance:

Statistics are used by all industries and businesses as a

standardized unit of measurement for presenting data in a useful
and meaningful format. Statistics can be used to measure
historical performance and to forecast future targets.

For business managers and leaders, statistics provide

insight into how business units are performing relative to an
organizations goals and objectives. Statistics also forecast future
trends and are used in all areas of human thought an endeavor for
planning purposes.
11/28/09 VER #1.0 10
 Role of Quality Management

For

The Budding Manager

11/28/09 VER #1.0 11

 Role of Quality Management for the Budding Manager

What Is Total Quality Management?

Total quality management is a management
system for a customer focused organization that involves
all employee in continual improvement of all aspects of
the organization

Quality is a degree of excellence... (Webster)

11/28/09 VER #1.0 12

 Role of Quality Management for the Budding Manager

Potential benefits of TQM:

To focus on the needs of the market

Facilitates a top quality performance

Examine critically and continuously all processes

To develop good communication and good working

environment.

Review the process for further never ending

improvement
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 Role of Quality Management for the Budding Manager

Potential benefits of TQM:

Meeting Customer Requirements

Just In Time

Improvement Teams

Reducing Product and Service Costs

Improving Administrative System

11/28/09 VER #1.0 14

 Role of Quality Management for the Budding Manager

For budding managers quality means:

Perfection
Consistency
Eliminating waste
Speed of delivery
Compliance with policies and procedures
Providing a good, usable product
Total customers service and satisfaction
11/28/09 VER #1.0 15
 Role of Quality Management for the Budding Manager

For budding managers quality means:

S-specific
M-measurable
A-attainable
R-realistic
T-time bound

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 Role of Quality Management for the Budding Manager

What to be considered by budding manager?

Customer Focus
Process Oriented
Continuous Improvement and Learning
Empowerment and Teamwork
Leadership and Strategic Planning

11/28/09 VER #1.0 17

 Role of Quality Management for the Budding Manager

“Quality is never an accident, it is

always the result of intelligent effort”

11/28/09 VER #1.0 18

Presented By:
Chandan Sahoo
Suresh Ku . Dhal
Ajit Ku . Singh
Santosh Ku . Tripathi
Vikash Shrivastava
Naveen Kumar
Sidharth Nanth Pandey
Indra S hekhar Singh
11/28/09 VER #1.0 19
11/28/09 VER #1.0 20