RGV

Memo
INC
To: RGV Inc.
From: Cynthia Jimenez
CC: Dr. Nancy Garcia
Date: 3/5/20
Re:

Thank you for the opportunity to assess your company and recommend data driven decision
making strategies. The analysis and recommendations below are based on my review of your
company. The analysis below is based on information provided by your staff. Therefore,
our recommendations should be tempered by your knowledge of business realities and your
market. Please let us know if we can answer any questions concerning these
recommendations.
RECOMMENDATION ON KEY STAKEHOLDERS 1 [Company Stakeholders Examination]
Analysis and Recommendation

The first steps of making a profit in the downhill of a business or organization is bringing

together the stakeholders. To make the correct data driven decisions, all the top staff would

be needed like the owners, head manager, head supervisors and any other leaders to exam the

issues that are not being done correctly. The upper management staff has the most experience

when it comes to handling issues and is able to help the process the best way possible. In

order for a business to be successful and be able to grow it we need the managers and

supervisors to be involved.

RECOMMENDATION ON DATA COLLECTION AND TIMEFRAME 2 [Data Compilation and

Gathering]
Analysis and Recommendation

By helping the company be dynamic, we are in the process of having to make sure important

information data is being collected to help the company run a smooth process. Collecting information

for KPIs includes; what kind of item or services is being offered? Is the cost of products effecting the

company? How can we cut some expenses to help increase company’s profits? Is it needed to increase

or decrease the cost of products to be up top with our competitors? What is the best ROI that can be

used to benefit the company? That is basically the important information needed to help have a good

plan for your company. Going forward we will be examining this data for types of KPIs to help

compare one another and calculate to have the best resolution and help become more successful. I

believe by doing so it will help cut back some time and cost to be better at planning and to be able to
gather right information to help measure the qualitative and quantitative date correctly. Also by

helping the company be effective having the right Quantitative data and figuring out how make

internet services better, having goals for the company and gathering proper information for produce

data, gathering quantitative date by closed ended questions for in the long run we won’t be left with

excessive data.

RECOMMENDATION ON PROCESS FOR DATA COLLECTION AND ANALYSIS 3

[Preparations]
Analysis and Recommendation

The main focus while collecting data is to remember where we will keep it and how we

will be able to use it at the best time. Storing this information is important you need to make sure

it’s stored in a safe place; there are many options to store this data so that it’s safe. Software

programs such as Sitelink Web and QuickStar are great for keeping your information safe. Pie
charts and graphs are a great way for gathering data, it helps picture the data information so you

can have a better view. Having these pie charts and graphs helps employees, management and

stockholders compare numbers daily to see how the company is doing in sales. Also having pie

charts and graphs your employees can see their work and how well or bad they’ve been doing,

having a visual of your work can be beneficial.

The five-steps for a business are great tools and are recommended to be used. The 5 steps

used are; Define, Analyze, Redesign Implement and Monitor. All these steps play a big role in a

business but the one I think is most important would be Analyzing data. By analyzing data it

helps perform all possibilities on what is going on with the business such as planning, cost and

what is being spent, issues, and customers. Using analyzing will help the company eliminate

issues or mistakes being done and we will be able to find out the issues and correct it.

DATA DISTRIBUTION FINDINGS ONCE THE DATA ANALYSIS IS COMPLETE 4

[Implementation Process]
Analysis and Recommendation
Getting all the employees involved in this process as well as management will help the

business be successful and help improve their sales. Getting all your employees on the same page
with reaching goals is to provide incentives for your employees. For example, providing gift

cards, bonuses, or having parties for your employees once they’ve reached a goal would be a

good way to motivate them. Once all data is collected and being used it will make good date

decision making choices for the business. Implementing would be one of the best 5 steps in the

business process that I see works best. Technology has been a big factor in communication in

Today’s world. Emailing, texting or instant messaging can be a way to stay in touch with staff.

Through emailing, testing or instant message the information gets send immediately and

information such as pictures and important data can be sent. Any information sent can help

employees visualize what you are asking or telling and helps get things done at the business. The

5 steps in a business process are important for a company to follow so they can be successful and

continue to learn from any mistakes. By following these 5 steps it will guide the business to

success and help the staff and management make plans to grow the business.

SELF ASSESSMENT
From completing the project, I learned I have learned the importance of how it is to run a

business. Although I’ve never actually had ran a business I can visualize on how its run from doing this

project. I’ve learned the importance of implementing the 5 steps in a business and what had to be done

to help your business succeed. I believe running a business is difficult due to all the completion you have

to deal with but if you have great management and employees there should be an issue. As a business

owner you have to stay on top of your business and keep it going.

I’ve also learned the importance of KPQs roles and how to be effective using them to complete a

plan of action. It’s important to find the best data needed for a business to be able to pass that data into

the business. Presenting data into a business is also one of the important keys I’ve learned. Presenting

data will help employees and stakeholders understand any data being put together. If I ever decide to
open my daycare business I will take consideration of what I’ve learned in this project and apply it into

my business.