Statistics for Management: Task 1 & 2

This presentation focuses on the importance of statistical data in decision making and analysis for organizations. It includes a case study of Nando's and its economic data. Different methods of data analysis and their implementation are discussed. The presentation also covers the analysis of quantitative and qualitative data for business growth. Descriptive and inferential statistics are explained, along with the role of human resource in business success.

STATISTICS FOR
MANAGEMENT
TASK 1 & 2

INTRODUCTION
 The organizations of current business periods requires the business
operational data in statistical form in order to make analyse, summaries
ascertain and for comparison with the other business entity.
 The data of business operational information in prepares in the
statistical form, as it is helpful in process of decision making.

NANDO'S AND ECONOMICAL DATA/
INFORMATION
 NANDO'S is the most famous non-veg restaurant established in 1987 in South
Africa, by two young men, their dream was to facilitates the taste of delicious
chicken to the people of South Africa as well as across the world.
 The Chicken provided by NANDO'S is fresh flame -grilled and prepared in a
PERi-PERi marinade.
 It was Mozambican street food, inspired by the colonial influences of the
Portuguese cooking. The NANDO'S PERi-PERi chicken has the massive global
taste.

VARIETY OF SOURCES USING DIFFERENT
METHODS
 The NANDO'S has the impressive growth rate and organization expanding the
business throughout the world.
 There are several methods used to analyse the performance and the progress of
the organization.

CONTINUE…
 there are different methods used for the analyzation of NANDO'S which are as
follows.
 Mean
 Standard deviation
 Regression
 Sample size determination
 Hypothesis methodology

PRESENT THE BUSINESS AND ECONOMIC
DATA/ INFORMATION
 The methods used for the analyzation of the present business and
economic data are calculation of Mean, standard deviation, sample size
determination and hypothesis methodology are used for the
quantification of the organizational data as well as the economic data.

IMPLEMENTATION BETWEEN
METHODS
Descriptive statistics Inferential statistics Confirmatory analysis
It is summarized form
of collective
information based on
samples and not
developed on
probability basis.
Measures like central
tenancy and variability
are used to describe
data. Example- papers
reporting on human
subjects.
A random sample from
population is taken to
make conclusion about
public. This statistics is
used when examination
of all population is not
possible. Example-
quantifying the
parameters about the
population and
hypothesis testing.
It is used to measure
and understand the
nature of the construct
or factor, it means the
analyze the data of
hypothesis
measurement model
which is based on the
analytical research and
theories about the data
or facts.

QUANTITATIVE DATA ANALYSATION
PARTICULARS PREVIOUS YEAR CURRENT YEAR GROWTH
Sales £5835000 £10231000 76.88%
Gross profit £4787000 £10321000 113.70%
Goodwill £341.6 £331.1 (3.71%)
Cash flow £407000 £3727000 8.15 times

QUALITATIVE DATA ANALYSATION
Strength Weakness
 Enjoying more visibility and easy access to
consumers as due to large number of outlets across
the world in different countries.
 Provides wide range of delicious chicken varieties,
very popular in developed countries. NANDO's
priority is always give customers satisfaction as first
preference.
 NANDO's uses effective techniques of promotions
which are processed by website, advertisements on
social media, heavy one time discount, coupon codes
etc.
 It provides only non- vegetarian varieties of food.
 High prices of the products and are relatively
expensive.
 Limited stream in non veg products that is chicken
and related dishes. Unavailability of mutton and beef
related dishes.
 Boycotted by Muslim religion, as the organisation
does not use the “halal” technique while slaughtering
the animal.

CONTINUE…
Opportunity Threat
 NANDO'S is very well aware that despite of all these
promotional techniques mouth publicity is most important
which helps in creation of brand awareness.
 Organisation provide great ambience which is quite
luxury serving quality food with lots of varieties, it helps
in targeting the rich customers.
 The expanding branches of will helpful in future for
targeting the customers of different regions of different
countries.
 In recent times consumption of chicken has increased and
it is continuously growing, by analysing future market
prospectus marketing strategy of these all are used to
make mare and more public appearance.
 There are so many competitors are entered in same
business field, providing more varieties of chicken and
have large number of outlets in different countries of the
world. For example KFC chicken, MAMA chicken etc.
 Products provided by the organisation are relatively
expensive and in future increase in varieties of the
products ensures more expensiveness and becomes the
threat for the organisation.
 If the organisation would not starts to use the “Halal”
technique while Slaughtering the animal then it remains
boycotted by Muslim religion and will soon boycotted in
Gulf or Muslim countries which can directly affects the
profitability of the organisation.

DIFFERENCES IN APPLICATION BETWEEN
DESCRIPTIVE STATISTICS, INFERENTIAL
STATISTICS
Basis Descriptive analysis Inferential analysis Measuring Association
Meaning It refers to the statistics which is
concerned with describing the population
under study.
It refers to the statistics which is
concerned with focusing on drawing
conclusion about the population, on the
basis of sample analysis and observation.
It refers to the statistics which is used to
quantify the relationship between two or
more variables. It is used in various
fields such as epidemiology and
psychology.
purpose To organise, analyse and presentation of
data in meaningful manner.
To compare, test and predicts the future
data.
For the comparison between two distinct
population and to construct equal effects
measure of interest.
Form of presentation Presentation in form of charts, graphs
and tables.
Analysis in form of Probability. Presentation in form of ratios for
example, rate or risk difference.
implementation To examine the situation context. To determine chances of occurrence of
event.
Determining the deviations in occurrence
measures.
Functioning It explains the known data of
summarized sample.
It attempts to learn about the population
that exceeds beyond the data record.
Constructed to equal the effects of
interest.

CONCLUSION
 From above report, it has been concluded that human resource is an
important factor as it is affecting every aspect of business sector.
 For running a business successfully, HR managers of a company carried
out various functions.
 It includes hiring best talented workers as per requirement of workers.

REFERENCES
 Costea, B., Amiridis, K. and Crump, N., 2012. Graduate employability
and principle of potentiality: An aspect of ethics of HRM. Journal of
business ethics. 111(1). pp.25-36.
 Durão and et. al., 2012. Bone regeneration in osteoporotic conditions:
healing of subcritical-size calvarial defects in ovariectomized rat.
International Journal of Oral & Maxillofacial Implants. 27(6).