As explained earlier, statisticians in the academe and in specialist industries apply principles and techniques of statistics in different ways. Statisticians in the academe apply their knowledge of statistics in more scientific approaches: multivariate analyses, for example, are reported in a scientific manner, usually communicated in a scholarly approach through journal articles and published or unpublished research reports. Industry specialists, meanwhile, implement statistical principles and techniques more creatively, for their clients/end-users to understand the statistical techniques used and findings culled out from the analyses. Multivariate analyses that may have been reported scientifically by academicians would be converted and simplified as "maps" (e.g., perceptual maps, quadrant maps) to 'laymanize' statistical findings and make it easier for clients...
For academicians, statistics is marketed as a rigorous approach to achieving accuracy and reliability in data, oftentimes with an eye towards the 'bigger picture' -- how data will be used to make it applicable to issues at a macro level or more general manner. For industry specialists, marketing statistics means developing more creative yet simpler ways for clients and end-users to easily understand data and project findings and see the findings' relevance to their business needs and issues.
Partial cost recovery. This is an objective that might have interest for an organization that has other revenue sources. Maximize quantity. The objective seeks to maximize the quantity of products/services sold or the number of customers in order to reduce costs in the long-term as predicted by the learning curve, also known as the experience curve. Quality leadership. Use price as a tool to designate high quality and position the product as
This type of measurement is best used when the data has also been captured at the ordinal or ratio level as the orthogonality of the data set is reliable (Marshall, Ruiz, Bredillet, 2008). Extrapolating statistics to a broader population is also dependent on the approach of randomization used. When a solid methodology, sampling frame and approach to randomization have all been defined, inferential data is often used in organizations
As a result of huge growth, the company's management may lose focus of the scope of their business. Miller Inc. has a highly centralized hierarchy of management and lacks the managerial backup to promote creativity amons the employees. Single-sourcing which is the characteristic of Miller Inc. could be a recipe of disaster should the supplier fail. Contingency plans for supplies need to be considered. The constrant production nature of the product leads to
Pizza Hut, Domino's most dominant global competitor, was clearly way behind all three national pizza chains in 2005, with a very weak innovation story on new products to sell, and more re-shuffling of menu items with aggressive pricing and programs to bring in the lucrative in-store buyer. The net result from this lack of innovation was Pizza Hut losing significant market share. it's expected that Pizza Hut will be more
Kodak decided to implement this initiative after conducting market research on the costs of printing at home. According to a study by InfoTrends, the greatest obstacle to printing at home is the cost of ink and supplies (Kodak, 2007). Another printer from the new line, the Kodak EasyShare 5300 offers a 3-inch color LCD display that enables photo viewing and cropping directly from the printer, with a memory card slot
S. Navy has an excellent product mix as they are working to attract, recruit and retain key members of each position segment they have. The recruitment of the most highly skilled areas including nurses and physicians is the most pressing and requires the greatest level of consultation and one-on-one recruiting effort. The recruitment of Naval physicians is a critical need; it's clear from its position on the website and often
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