Quantitative and qualitative decision-making.

Identify the two main different types of analyses that business planners use when making a decision are quantitative decision-making and qualitative decision-making. Provide an example for each.
Which one do you prefer and why?

Sample Answer

The most commonly used forms of quantitative analysis in business are the cost-benefit analysis, the break-even analysis, the statistical analysis, and the feasibility study. Qualitative analysis is the analysis of qualitative data such as text data from interview transcripts. The emphasis in qualitative analysis is “sense making” or understanding a phenomenon, rather than predicting or explaining. I would prefer qualitative analysis over quantitative because it creates openness: encouraging people to expand on their responses can open up new topic areas not initially considered.

Meeting a well known individual is quite often a stun and additionally shock. You see them on screen or on the web and afterward there they are, directly before you. It is a dreamlike encounter. I found the opportunity to meet the individuals from the Counting Crows band, the incredible profound pioneer Shri Mataji Nirmala Devi, the matchless percussionist Zakir Hussain, and increasingly well known individuals. Every one of these encounters were extraordinary and delivered a horde emotions in me.

At the point when I was around fifteen years of age, I got a VIP go to a colossal Counting Crows show. The bassist was a family companion through a contemplation gathering. The band was once on Rolling Stones magazine, and one of the most mainstream musical crews on the planet. To get a VIP pass appeared to be something out of a fantasy. The ticket qualified me to meet every one of the individuals from the band behind the stage, to see the beginning band, and to watch the entire procedure of setting up for the show. The bassist Matt Malley is a thoughtful man who is sensible—most likely because of his act of reflection. I didn't have such a lot of tension while meeting him and finding a workable pace better, however the other band individuals were progressively saved. They likewise appeared to be brimming with themselves. They grinned and made inviting signals, however I had a feeling that I was viewed as lesser than them in their eyes. In any case, watching the stage being set up and every one of the receivers being checked, I saw what amount goes into putting on an arena show. It takes long stretches of readiness and commitment to create quality sound. Also, directly before the show began, I met the band called Live, who was beginning for the Counting Crows. For reasons unknown, I was timid when conversing with them and just traded a couple of words with them. Indeed, I felt the separation between me, a normal resident, and these hero.

As far as a very surprising encounter, I met the otherworldly pioneer and educator Shri Mataji Nirmala Devi—Shri Mataji for short. The most important minute I had with her was making them be reported that she was going to a contemplation corridor. I felt a monstrous measure of vitality even before she came. This vitality resembled a cool wind in my grasp or more my head. As the time turned out to be consistently nearer to her appearance, the breeze just expanded. I understood it was her vitality that I was feeling moving through my body. It caused me to understand that one individual could be so amazing regarding the amount the person in question can give just by being available. It made me need to contemplate significantly more truly, to have the option to give others a similar vitality on such a fabulous scale. The cool wind caused me to feel tranquil inside and every one of my musings quieted down. I turned out to be totally fulfilled and peaceful. As she at long last went to the lobby, my hands were flooding with the vitality she discharged. It helped me to remember Star Wars, where the power is said to be all over the place and that bosses of the power can control it. I might not have gotten otherworldly edification, yet by simply meeting Shri Mataji, I felt that I got a bit of it.

Abandoning otherworldliness, presently I will visit a concise memory of meeting a prominent performer that went uniquely in contrast to I figured it would. I have consistently delighted in Zakir Hussain's tabla playing (an Indian traditional percussion instrument), yet when I met him after a show, for reasons unknown, I attempted to act uninterested. My tabla educator mentioned for me to meet him in a major horde of admirers. I regarded my instructor so much and trusted him to be the best tabla player that I faked lack of concern in meeting the most well known tabla player on the planet. He asked me, "How are you?" after we were presented. What's more, for reasons unknown, I didn't reply and investigated his eyes and we shared a snapshot of quietness before the group by and by assumed control over the discussion. I was dazzled that the principal thing he would state to me was normal and an inquiry concerning my prosperity. It was a basic inquiry, yet it influenced me. It instructed me to consider others, regardless of whether I got well known.

Three encounters with well known individuals, and different outcomes. From Matt Malley, I figured out how to be modest in distinction; from Shri Mataji, I figured out how to what degree a person can impact individuals profoundly; from Zakir Hussain, I understood we ought to have our consideration on others in any event, when we are known around the world. I likewise discovered that celebrated individuals resemble you and me, however regularly with the world on their shoulders.