Management Tools and Technique

Management Tools and Technique Decisions form a critical part of management in an organization. Both individuals and organizations often make decisions on particular issues. Each decision that is taken by an individual or an organization is associated with some consequences. The impacts of a decision can be positive or negative.Advertising We will write a custom essay sample on Management Tools and Technique specifically for you for only $16.05 $11/page Learn More Consequently, it is important to evaluate the various available options in order to arrive at the best decision. This calls for an effective and efficient decision The population of America consists of Whites, Blacks and the rich. In figure 1, set A can represent the Whites. Set B can represent the Blacks while the rich can be represented by set C. Thus the African-Americans will be found in the area marked 1 since they have attributes of both races. Blacks who are also rich will be found in the area marked 2 since the area cons ist of elements whose attributes are found in set B and C. Whites who are also rich will be found in the area marked 3. Finally, the area marked X consists of African-Americans who are also rich since the elements in this area have the attributes of all sets. Members of the population who do not have any of the above attributes will be found in the area outside the circles. Advantages and Limitations of Venn Diagrams Advantages First, the diagrams are easy to construct and interpret (Haan Koppelaars, 2007). The Venn diagrams represent the outcome of an analysis of the characteristics of a given set of variables. Thus it is easy to get the needed information without further analysis. Second, the use of Venn diagrams help in eliminating the bias attributed to prejudice and personal opinion.Advertising We will write a custom essay sample on Management Tools and Technique specifically for you for only $16.05 $11/page Learn More This is because the classificati on of elements in the sets depends on facts that describe the attributes of the elements (William Edwards, 2004). Finally, Venn diagrams can be used in any decision making process that involves determining the relationship between attributes of variables. Therefore, Venn diagrams can be used in any analysis that involves comparing and contrasting the attributes of variables. Limitation First, the size of each set can not be determined in a Venn diagram (Haan Koppelaars, 2007). For example, in the above illustration it is only possible to get information on the characteristics of the population of America. However, it is not possible to tell the number of Whites or Black form the Venn diagram. Second, Venn diagrams tend to be visually complex when several circles are used to represent sets. This makes it difficult to interpret the outcome of the analysis. Finally, Venn diagrams depend on other tools of analysis such as classification and statistical analysis. Without such tools, it is not possible to get the information that is needed to develop various sets. Besides, the information obtained form the Venn diagrams will not be reliable if the classification was not done correctly (Haan Koppelaars, 2007). Thus Venn diagrams can not be used in cases whereby the information on the size of the set is needed. It is also not possible to use Venn diagrams for mathematical analysis. In the contrary, mathematical analysis can be used to get information on the attributes of elements in a given set. References Haan, L., Koppelaars, T. (2007). Applied mathematics for database professionals . New York: Apress. William, A., Edwards, F. (2004). Cogwheels of the mind: the story of Venn diagrams. Balitmore: JHU Press.