Question.619 - For this assignment, you will take on the role of a business leader who wishes to analyze if a new product their company has introduced is meeting the expectations. Imagine that you would like to create a post in the company intranet that summarizes your findings in an easy-to-read format for your team. Pay special attention to creating meaningful data visualizations. You should use techniques that make content easy to follow but that also display charts accurately without distorting or skewing data. Your company’s profit goal is 25% of the cost of goods sold (COGS). Remember, COGS is the cost of manufacturing the product, including labor, materials, and overhead. You will need to build trust and an open channel of communication with other leaders on your team. Pay close attention to the story that data visualizations tell you and others reviewing your post. The purpose of this analysis is to better understand the cost, revenue, and profit associated with the new product launch. Review the Cost, Revenue, and Profit Spreadsheet retrieved from the company’s data center and consider the following while developing your ideas in this assignment. What is the importance of data analysis? What are the results of your analysis? Think about your analysis and its findings, including visuals. Use visuals and text to re-state the purpose of your analysis and summarize your most important findings. What are you trying to represent with this data? What kind of graphic have you selected and why? How did adding visual representations of the data change your analysis? Does the target audience influence the way you display information?
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Module Six Assignment Stacy Speidel Southern New Hampshire University BUS 225: Critical Business Skills for Success Lori Girardin April 9, 2022 Module SixAssignment Analysis of Content The Estee-Lauder company is one of the promising companies to make itself a known name in the beauty products domain. The company is innovating itself and strategically trying to improve its revenue by focusing on its Hero products. The hero products have a trustworthy history, and the customers have accepted it. The report focuses on the performance of the company even in the Pandemic year, which was a dead year for many businesses. The report focuses on the information like opting for the online business model that helped the company reach their loyal consumers and offered the company a fertile opportunity to prove its mantle. Innovation is again a significant strength that helps their consumer base to stay loyal to their products. The report facilitates the data through their 5-year CAGR sales, net sales by product category, Net sales by region, and a comparison of 5 year total cumulative return. All the data is represented through graphs and charts. "Dave Paradi recommends including your message in the chart name, including explanations throughout the chart, and directing the visitor through the chart" (Soomo, 2020). That will enable the audience to comprehend the data, at the same time it will enhance them to make better choices when it comes to investing and diversifying of their product range. The data visualizations presented in the data include 5-year CAGR sales. The column chart compares the Estee Lauder Companies, Global Prestige Beauty, and the S&P 500 consumer Staples Index. The graph shows that the Estee Lauder company has performed better than its competitors. The Diluted Net Earnings per common share graph compares the reported earnings and net earnings adjusted for restructuring and other charges adjustments. The graph indicates that the net earnings per share considerably increased after adjusting for the other charges, and the damage was reduced. According to their category, the other graph provides the companies' different product earnings. It will better judge the stakeholders to understand and invest accordingly. At the same time, the sales by region offer a total share of the products in the market. Analysis of Presentation The report is well organized; it is clear and concise. It starts with a small introduction about the company and its mission regarding beauty products. According to our texts, "A presentation with a solid structure and a logical flow of ideas is key to communicating effectively" (Soomo, 2020). The report defines this objective of the presentation. The hero products of the company and franchises help the audience connect with the company. The report is divided into parts that provide brief information on the products, franchises, and the companies' future outlook in expanding their brand in other markets. Finally, to validate the theoretical information on the product, there is a data visualization through graphs and charts that enhances a better understanding of the product. The images are well placed and relate to the information mentioned in the summary report. The images illustrate the points effectively; the images are not clustered, it offers a glimpse of their best-sold products. The images that have a connect with the consumer are the main focus in the summary report. The report works effectively to meet the requirements of the user. It tries to establish a relationship with the audience. The information is well organized in the summary report. The images are well placed; it connects with the audience through its hero products and the various range of the products the company offers to its consumer base. At the same time, the report also emphasizes its views on the expansion of the business at different platforms to generate a greater revenue. The company's goal is to innovate to help the company win the consumers and inspire the consumers for tomorrow. To collaborate all the mentioned information in the report, the data-visualization technique helps to enhance the validation of the information with its relevance in the present time and scope. References: Soomo Learning. (2020). Critical business skills for success. https://www.webtexts.comMore Articles From Strategic Management
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