Determine benchmarking measures

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1. In a time-use study, 20 randomly selected managers were found to spend a mean of 2.40 hours each day on paperwork. The standard deviation of the 20 scores is 1.30 hours. Construct a 99% confidence interval for the mean time spent on paperwork by all managers.

2. How often should a company review the industry and its standards and new processes to determine if the benchmarking measures that they have set are still best in class?

3. Assume you are the CEO at Nike. What challenges do you see ahead for Nike as they try to regain corporate responsibility? What should be done to ensure that Nike is able to overcome these challenges?

Reference no: EM132137949

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