Statistics and Problem-Solving in Business

Introduction Commercial air travel is a competitory manufacture that requires note concern managers to effectively collect, organize, analyze, and interpret persistence and mart place statistical selective information on a continuous basis. Airlines today are incessantly confront with job problems relating to maintaining a constant situational sentience on manufacturing contracts and activities. Increasing the speed of interpretation of these industry trends and activities is at the breast of many air hoses corporate management strategies. Business managers in the airline industry are ever set about with having to adjust to new-made market dynamics and, as such, are constantly faced with adjusting pricing and negotiating strategies in commit to stay competitive. By analyzing decimal and soft industry statistics, in a punctual and streamlined manner, airlines can stir better-informed bank line decisions that will positively impact company profits. This paper w ill discuss these work related problems in the airline industry and discuss how Continental Airlines has effectively implemented research strategies which analyze quantitative and soft market statistics, in a well-timed way, to counter these problem challenges. As a result, the company has improved cost savings measures and improved company profits. Problem Description Today, business managers in the airline industry attempt to interpret quantitative and soft industry statistical data in an effort to make better-informed business decisions. Managers in the airline industry face actually common business related problems. These problems include having to maintain a constant awareness of the global and regional trends in the industry, identifying dominance future market opportunities, the need for benchmarking standards of performance, the need to effectively supplement service advantages, and finally the need to adapt purchasing, planning, and negotiating strategies that are bear upon by consumer and market trends. Co! ntinental Airlines has recently implemented a research schema that focuses on collecting and interpreting trend and market statistical data in a timely way in an attempt to... If you want to get a full essay, order it on our website: BestEssayCheap.com

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