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PROMPT For this assignment, you will take on the role of a business leader who w
PROMPT 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. 1. What is the importance of data analysis? 1a: How can it help you understand whether the new product had a successful launch? 1b: What are you reporting on and what are you analyzing? 1c: Why is it important to analyze this information? 2. What are the results of your analysis? 2a: What does the data tell you about the success of the product throughout the year? 2b: Was the company able to meet its profit goal? 2c: What data did you use to determine whether the product is meeting expectations? 3. 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. 3a: Create data visualizations that illustrate the following information (ex: create a chart using microsoft excel) -How have the costs of goods sold (COGS) changed over the course of the year? -How has the profit percentage changed over the course of the year? 3b: What are you trying to represent with this data? 3c: What kind of graphic have you selected and why? 4. Create another data visualization explaining what type of chart you selected and the insights it provides about the success of the product launch. How did adding visual representations of the data change your analysis? -Does the target audience influence the way you display information? CONCLUSION: Restate the purpose of your analysis and summarize your most important findings. WHAT TO SUBMIT You should write using a professional voice, and any sources should be cited according to APA style. Your assignment must be between 400 and 800 words in length.
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