Justify a situation where the qualitative factors would outweigh
Given your assessment, justify a situation where the qualitative factors would outweigh the quantitative results. As portfolio activities are to be self-reflective, please make sure
Justify a situation where the qualitative factors would outweigh the quantitative results
Qualitative factors are non-financial in nature but are important for management to consider when making decisions.
Reflecting on a company for which you have worked (or are otherwise familiar), describe three qualitative factors that would be important for management decision-making.
Then, assess each of them in order of importance.
Given your assessment, justify a situation where the qualitative factors would outweigh the quantitative results.
Be specific.
As portfolio activities are to be self-reflective, please make sure to connect the portfolio assignment to:
Your personal experiences. Reflect on how this assignment topic is applicable to and will benefit you.
Course readings and any external readings.
Discussion forum posts or other course objectives.
The Portfolio Activity entry should be a minimum of 500 words and not more than 750 words.
Use APA citations and references if you use ideas from the readings or other sources.
This assignment will be assessed using the Portfolio rubric.
More Details:
In addition, qualitative factors may outweigh the quantitative factors in making a decision. For example, assume management at Best Boards, Inc., believes there will be a decline in the market for wakeboards after next year.
Also, outsourcing production makes it easier to quickly reduce costs in the face of a downturn by simply ordering fewer wakeboards from the supplier.
Continuing to build the boards internally takes away this flexibility.
The significant fixed costs often associated with manufacturing firms are difficult to reduce in the short run if production declines.
Lastly, thus the qualitative factor of being able to reduce manufacturing costs quickly by outsourcing production may outweigh the quantitative factors.