This paper discusses various techniques of business forecasting and their use at Sony Corporation.
Written in 2004; 1,400 words; 7 sources; MLA; $ 46.95
Paper Summary:
This paper explains that one of the most important components of any successful business is the ability to make effective decisions regarding the future; this allows the business to anticipate sale,s thus gearing their business components toward these changing sales figures. The author points out that one of the most important assumptions of business forecasters is that the past acts as an important guide for the future, but this presents a problem in times of uncertainty. The paper states that both the Delphi technique and time series forecasting are valuable forecasting tools in the right circumstances. The Delphi technique is useful for short term forecasts; therefore, it is often a more valuable tool for business forecasting during conditions of uncertainty.
From the Paper:
"Sony Corporation, along with many other large and small businesses, uses business forecasting techniques to predict future sales. The Sony Corporation of America is the American subsidiary of Tokyo's Sony Corporation. The company manufactures information technology, audio, video and communication products for both professionals and consumers. The company had over $62.3 billion in consolidated annual sales for the fiscal year ended March 31, 2003, with $20 billion in sales in the United States (Sony Corporation of America). Given these impressive sales figures, business forecasting plays an important role in Sony's corporate strategy."
We have thousands of high-quality term papers, research papers, essays, book reports and dissertations on every topic. At AcaDemon, you can download those term papers to help you write yours! You can be sure that the term paper, essay, book report or research paper you download are top-quality, competitively priced and high-level work.
This Free Term Paper Abstract is a part of our Term Paper Library.Here you can purchase research papers, examples of essays, academic dissertations, articles, notes, analytical papers, book reports, stories and poems. We have thousands of persuasive, point-of-view, narrative, critical, compare and contrast and other types of essays in our Library. You can also find here Term papers on "Business Forecasting", Essays on "Business Forecasting", Research papers on "Business Forecasting", Student papers on "Business Forecasting", Book reports on "Business Forecasting", Dissertation on "Business Forecasting", Thesis on "Business Forecasting", Summary of paper on "Business Forecasting", Articles written on "Business Forecasting".
Look for more research papers, essays and book reports on