Usa World Bank Essay - 1644 Words

Problem Solution: USA World Bank United World Bank (UWB) has experienced success in numerous worldwide ventures but is in need of developing profitable new products to expand market share. Some form of descriptive statistics is needed in order for them to be successful in organizing, summarizing accurately and presenting correct data to the board members. This paper will outline how UWB can use research and statistical concepts to help frame the right problem, define end state goals, identity alternatives and potential risks, and make the best business decision by implementing appropriate solutions. The first step to accomplishing this task is to understand the situation at UWB. Descriptive statistics are â€Å"methods of organizing,†¦show more content†¦Mary did not communicate Jim’s new product idea to Brian, the President of New Product Development. It appears Mary is not putting the best interest of the company before her ideas. Over the years, only one possible proposal has been presented and a cted upon. Since this is the way things have been done in the past, the staff is adamant about having two ideas. This is an example of an untested opinion when people cling to untested opinions despite contrary evidence. In the indoctrination programs of less enlightened organizations, it is not unusual for new employees to hear, â€Å"Thats the way weve always done it here (Cooper Schindler, 2003, ch. 2). Another major challenge is the lack of an accurate analysis, summary report and presentation to present to the Board of Directors. The current challenge is composing a proposal to be presented to the Board of Directors with accurate data analysis and facilitating the launch of a new product that the Board is in agreement with. USA World Bank has the opportunity to increase its profitability and market share and expand its customer base. Brian and his team have the opportunity to develop standard processes for researching and selected new products. He also has the opportunity to leverage Tom’s statistical expertise to overcome the obstacles to delivering the Instant Reward product. UWB will have the opportunity to launchShow MoreRelatedIncrease in the Significant Role in Compliance in Financial Service Firms727 Words   |  3 Pageson, monitors and reports on the bank’s compliance risk, that is, the risk of legal or regulatory sanctions, financial loss, or loss to reputation a bank may suffer as a result of its failure to comply with all applicable laws, regulations, codes of conduct and standards of good practice. 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