April 16, 2013

finance tools in decision making

during the process of writing post module assgniment, i read a lot of journals.

i know that using statiscits tools can make the decision more reliable and persuasive.

however, the thing is as far as i consider the results gain from the finance tools are not such reliable.

because oftenly, there are some calculation bias.

in addition, the finance tool can only analysis the current situation faced by the company.

it is not the most suitable tool to decide the long term strategy for a company.

the long term strategy is better to decide by the market tools such as swot analysis or pestle.

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