Find a management decision problem in any company

Assignment Help Operation Management
Reference no: EM132295462 , Length: word count : 1500

Individual Report

This assignment requires you to build and estimate a model using Microsoft Excel or specialist software to address a management problem. Please upload both your report and data analysis file on Moodle.

Specifics

You are required to find a management decision problem in any company. Using Excel (or specialised software), conduct an analytics for the problem, and interpret the results. You are required to submit a technical report (1,500 words) that discusses the managerial problem, the results, their implications and makes recommendations for improvement.

Your report will be marked according to the following criteria: problem description; modelling and solution; discussion on the result; managerial recommendations.

The grade components will be approximately distributed as follows:

Introduction

Descriptive analysis

Regression analytics

Managerial interpretations and implications

Conclusion

Introduction

In this section, you will identify your research question - based on the Excel Data you are assigned. It is important to give reasons for why you think it's interesting to explore such question.

Descriptive analysis:

Import the raw data to the database, make sure it imported correctly, identify the main tables and relationships between, produce relevant visualizations.

Regression analysis:

Using appropriate regression models to address the managerial problem.

II. Steps to be taken

1. Please go to the module webpage in Unihub;

2. Go to the section named " Individual Assignment";

3. Upload the zip file to your laptop;

4. Open the file name "Assignment of Excel file" to individual student;

5. Identify the data file that is associated with your student ID.

6. Open the Excel file that you find in step 5. For example, if your student ID is associated with Data 2, then you will work on Data 2.

III. Description of the EXCEL data files:

Data 1: The file P02_03.xlsx contains data from a survey of 399 people regarding an environmental policy.

Data 2: The file P02_07.xlsx includes data on 204 employees at the (fictional) company Beta Technologies.

Data 3: The data Lasagna Triers.xlsx is related to the buying behavior of customers.

Data 4: Catalog Marketing.xlsx contains recent data on 1000 HyTex customers.

Data 5: The file P03_63.xlsx contains financial data on 85 U.S. companies in the Computer and Electronic Product Manufacturing sector (NAICS code 334) with 2009 earnings before taxes of at least $10,000.

Each of these companies listed R&D (research and development) expenses on its income statement.

Data 6: The file P10_05.xlsx contains information about the human resources.

Data 7: This is data for Business Week's top U.S. MBA programs in the MBA Data sheet of the file P11_14.xlsx.

Data 8: The file P11_44.xlsx lists the test scores and performance ratings for a randomly selected group of employees. It also lists their seniority (months with the company) at the time of the performance
rating.

IV. Some suggestions on how to proceed with the assignment

The best way to think about this assignment is to consider it a simplified version of your master dissertation which you are going to do soon! As such, you can apply knowledge acquired from theDissertation Module, and any other modules to work on the assignment. In what follows, I would like to provide you with some suggestions on how to explore the EXCEL data to write the report.

Let's assume you are given a data that have information about HR. In this data you have variables such as age, gender, work experience, education, salary, tenure and so on.

1. How to define a problem or research question?

It is sufficient to define just one research question. In this example, you can propose a question such as "

Does there exist a link between gender and wage differential?". In other words, you want to study whether female employees and male employees have the same salary level if they have the same level of education, work experience....

It is also important to elaborate on why you think this is an interesting and relevant question. To do so, it's a good idea to incorporate some existing academic references that address the link between gender and salary.

2. How to do the data analysis

2.1. Descriptive analysis

You can report some measure of central tendency such as mean, median, standard deviation, frequency of the main variables in the Excel file;

2.2. Regression analysis

In this example, salary would be the dependent variable. You then can run the regression using the techniques we talk in class.

3. Interpretation of the results

It's important to provide some discussion on your findings. For example, if you find that the coefficient for men is positive i.e., men have higher salary than women. You can explain why this might be the case. Also, it's good idea to make references to academic studies that may or may not support your results.

4. Recommendation

What would be the managerial implications for your results? For example, if men have higher salary then women, what would you like to recommend either from the government's policy perspective, and/or from the firm's HR practices perspective.

Reference no: EM132295462

Questions Cloud

Explain how leaders and managers can motivate : Propose a succession plan that would improve growth opportunities. Explain how leaders and managers can motivate and coach employees who are considered.
What egocentric theory suggest about knowledge sharing : What egocentric theory suggest about knowledge sharing? (Solving Crimes by Sharing Digital Forensic Knowledge)
Discuss likelihood and impact analysis of identified risks : Discuss the likelihood and impact analysis of those identified risks. Do not just say the risk is "High" and leave it at that, you need to discuss the way.
What is the length of each cycle in the current setup : What is the length of each cycle in the current setup (in days)? What is the average inventory level of devices in CRU’s storage facility?
Find a management decision problem in any company : Build and estimate a model using Microsoft Excel or specialist software to address a management problem.
Describe the person behavior-traits and the situations : Only describe the person's behavior/traits and the situations in which you believe the person thrived. Do not characterize the person with respect to any leader
What is an effective job description : What is an effective job description. Describe a successful career management program.
Menendez-halliburton ordeal : What does Halliburton's Code of Conduct say regarding ethical issues similar to the Menendez-Halliburton ordeal?
Which supplies four retail outlets and on-line store : Distribution is operated out of a 100,000 square foot warehouse, which supplies four retail outlets and an on-line store.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd