Page 90 - Microsoft Word - 00 P1 IW Prelims.docx
P. 90

Chapter 6





                           Problems dealing with qualitative data






                               Qualitative data is information that cannot normally be expressed in
                               numerical terms

               Much of the qualitative data is:


                    subjective in nature and

                    can be difficult to capture and transform into useful information.

               However, when making decisions and managing performance, qualitative factors still
               need to be considered, for example:

                    customer opinions about a new product

                    levels of employee satisfaction

                    the effects on the environment of a particular decision


                    legal implications of a particular course of action

                    the impact of government policies on decisions

                    the timing of a decision.

               The judgmental and subjective nature of qualitative data may be dealt with by:


                    looking at trends in performance, e.g. employee satisfaction scores

                    transforming data into quantitative information, e.g. by applying a 1 to 5 scale
                     when assessing customer satisfaction.





















               80
   85   86   87   88   89   90   91   92   93   94   95