Which evaluation technique focuses primarily on numerical data?

Study for the UCF MAN6721 Applied Strategy and Business Policy Exam. Use flashcards and multiple choice questions with hints and explanations. Ace your test!

The focus of the evaluation technique that emphasizes numerical data is quantitative analysis. This method uses measurable data to assess performance, trends, or outcomes, making it essential for evaluating strategies and business policies in a concrete manner. By employing statistical tools and metrics, quantitative analysis helps in making data-driven decisions, identifying patterns, and forecasting future performance based on numerical data.

Qualitative assessments, on the other hand, rely on non-numerical insights, such as opinions, experiences, and subjective evaluations, which do not directly measure numerical outcomes. Benchmarking, while it may use numerical data as part of its comparative analysis, is primarily focused on comparing processes and performance against best practices from other organizations. Strategic foresight, too, tends to involve narrative scenarios and qualitative insights that predict potential future developments rather than focusing on numerical data.

Given this understanding, the choice you identified reflects the essence of quantitative analysis as the technique that primarily revolves around numerical data.

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