Discussion Questions Week One Essay Example | Topics and Well Written Essays - 500 words

Discussion Questions Week One - Essay Example the data set, while the alternative hypothesis is a claim of â€Å"difference in the population† (Introduction to Hypothesis Testing n.d.) After this, the test statistic for the data is calculated according to the type of test which is conducted. When the test statistic has been estimated, it is converted into a p-value which is also known as the level of significance. Lastly, the researcher makes a conclusion according to the result of the test. Hypothesis testing is very much important and is now widely utilized in coming up with significant business decisions. It should be noted that this technique can be utilized both for quantitative and qualitative analyses. One of the applicability of hypothesis testing is in predicting whether there would be an increase in the productivity of the workforce with the proposed performance based salary scheme. This is a very important issue which can be resolved using hypothesis testing noting that business organizations are now on the lookout for various techniques in order to motivate employees to excel in their respective posts. Monetary and non-monetary benefits are both used in order to increase employee productivity. Productivity can be measured through the average per hour production of employees which can be indicated by the dollar per hour that they contribute to the organization. A two-tailed hypothesis test can be conducted with the null hypothesis claiming that average produc tivity will not change or will still be equal to the previous average

Nike-CEO Mark Parker Essay Example | Topics and Well Written Essays - 250 words

Nike-CEO Mark Parker - Essay Example This led to resistance to change and the creation of a gap between the firm and the CEO. Parker inherited this problem because he had to gain their confidence to implement the changes he perceived worth. Parker has proved to be a strategist through his changes on the operations of the company. He shifted the brand away from the original products based and sub-brand structure to a structure that is customer driven. He divided the company into various categories such as women’s fitness, running and basketball. He also initiated an innovation process by creating an innovation group that would come up with different brands as a strategy to command large market share. Considering the concept of impact of environmental sustainability, Nike has â€Å"Nike Sustainable Business + Innovation† program. This program is used to power the companies brand, the employee efforts, and passions to ensure that changes that are brought in the brand are environmental friendly (Lussier, & Achua, 2013). This program ensures that any opportunity that the organization gets is utilized in a manner, which it creates a positive social and environmental impact in the world. This product has seen its customers accept its products in the market easily because of the additional cooperate social responsibility. Parker pursues the strategy of enhancing value to its customers by acknowledging that the customer is their main asset and thus all employees work to cater for the needs and wants of customers because they are their boss. In creating new opportunities, he has a partnered the company with key organizations such Steve Job and Apple. Apple Company has created an opportunity by allowing Nike + footwear to talk with the customer’s iPod as they are running or carrying out workout experience. This creates an opportunity for customers to long for Nike brands to get this service by Apple known as Nike Plus program (Lussier, & Achua,