Business Analytics Assignment 2022

Business Analytics 0
Title: Business Analytics
Assignment Name:
Student Name:
Course Name and Number:
Professor:
Date:

Business Analytics 1
Contents
Introduction................................................................................................................................2
Decision-Making Models & Tools that will be used.................................................................2
Challenge 1 – Direct Competition Imposed by Harvey Norman...........................................2
Challenge 2 – Competition from Online Stores.....................................................................4
Challenge 3 – Employee’s Emotional Wellbeing & On-going Job Training........................5
Recommendations......................................................................................................................7
References..................................................................................................................................9

Business Analytics 2
Introduction
The organization JB Hi-Fi is an Australian Home Entertainment retailer firm that
offers consumer goods to the people. The organization offers its customers with a wide
variety of products that includes almost every gadget that can make an individual’s life smart,
healthy, fit, and comfortable. The organization’s main functioning locations are Australia and
New Zealand. Currently, the organization is undergoing certain problems, which has stirred
the working environment of the organization. The three main problems in the organization
are the direct competition imposed by the organization Harvey Norman, the intense
competition that is imposed by online firms like Amazon, eBay, and TaoBao. Also, the third
problem is arising in the employee’s wellbeing and the currently happening job training (JB
Hi-Fi, 2019).
Decision-Making Models & Tools that will be used
Challenge 1 – Direct Competition Imposed by Harvey Norman
The first challenge which the organization JB Hi-Fi is the direct competition from the
organization Harvey Norman. The organization specializes in a wide variety of gadgets,
home products like beddings, furniture, electrical products, and communication products. The
organization has developed various competitive advantages that have imposed a humongous
pressure on JB Hi-Fi. For managing this challenge, the rational decision-making model has
been utilized. But, firstly, quantitative analysis tool will be used to examine the competition
between the two organizations in Australia.
Quantitative Analysis
According to Okechukwu, Uzoma & Wilfred, quantitative analysis include various
numerical factors that help in making an effective decision. The main factors needed for this
process are the different monetary information, the sales, the number of locations in which an

Business Analytics 3
organization is operating, and many more (Okechukwu, Uzoma & Wilfred, 2012). Thus,
according to the quantitative analysis, the JB Hi-Fi started in the year 1974 and now operates
in 303 locations. On the other hand, Harvey Norman started almost a decade later in 1982 and
now operates in 280 locations in Australia. This highlights that Harvey Norman is expanding
at a high speed. According to the revenue information of both the organization, in the year
2016, JB Hi-Fi earned $4 billion, whereas Harvey Norman earned $5.3 billion. Thus, with the
quantitative analysis, this can be stated that JB Hi-Fi is lagging behind and needs to take an
effective decision.
Rational Model
The rational model involves a decision-making process which is opposing. For this
model, analysis and facts are used, in a systematic process to formulate an effective message.
This model provides with a fact-based decision (Uzonwanne, 2016). Thus, the information
attained from the quantitative analysis, along with different facts will help in making a strong
decision. The operating income of JB Hi-Fi and Harvey Norman is 221 million and 523
million respectively. Thus, with all this information, it can be stated that JB Hi-Fi revenues
have to be increased along with the operating income. Thus, such a situation the weight of the
problem has to be divided amongst different managers to formulate the best alternatives to
solve this problem.
Role of Managers
Human Resource Manager – The role of the HR manager is to find the best alternative for
building a strong team. Thus, the HR manager has to employ highly skilled professionals that
help in increasing the operating income.