...There are serval external and internal environmental factors that helps the organization achieve optimal functions. The external factors are economic factors, sociological factors, political factors, and technological factors. The internal factors are beliefs, mission,vision, culture, and goals. Both factors are needed to help the organization. The four external environmental factors vital to organizations are economic, which deals with the different funding and other sources needed for the community. Sociological factor deals with understanding the issues of the community demographics in the targeted population. Political and professional factors deals with laws and regulation programs and businesses have to operate under within the environment. Finally, technology factor helps to keep up-to-date with software and hardware that will allow the organization to be able to better utilize and get information to and from the community as well as others. The six internal environmental factors that helps organizations are beliefs, which have to do with the overall value of the business. Mission, which is the overall goal of the organization, and allow others to know where the company is trying to go. Vision, is the plans that managers for-see that they can do to reach the company mission. Culture, it have to do with the people that make up the organization and the ability to add personal insight to the company. Lastly, goals is what everyone works to reach. This will also...
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...Factor Analysis in SPSS To conduct a Factor Analysis, start from the “Analyze” menu. This procedure is intended to reduce the complexity in a set of data, so we choose “Data Reduction” from the menu. And the choice in this category is “Factor,” for factor analysis. This dataset gives children’s scores on subtests of the Wechsler Intelligence Scale for Children (WISC-III). The Wechsler scales are scored to give you a “verbal” and a “performance” IQ. The question is whether we can reproduce the verbal vs. nonverbal distinction, with the appropriate subtests grouping into each category, using factor analysis. This dialog box will appear: Factor analysis has no IVs and DVs, so everything you want to get factors for just goes into the list labeled “variables.” In this case, it’s all the variables. In some datasets, there is also a dummy “subject number” variable included. Be sure that you don’t include subject number as one of the variables for your factor analysis! To do a factor analysis, we need to select an “extraction method” and a “rotation method.” Hit the “Extraction” button to specify your extraction method. In this dialog box, you can make a number of selections. First, I want you to un-check the box labeled “Unrotated factor solution.” This is a default setting for your printout, but it just gives you information that you don’t need, and that may distract you from the real answers. So, always go into the Extraction sub-dialog and un-check this...
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...Regression with Categorical Predictors Using Personality Inventory variables and perform two factor analysis, one using unrotated solution, and another using rotated orthogonal solution. Q1. Are the communalities the same using either method? Factor Analysis 1 – Unrotated Solution Communalities | | Initial | Extraction | Beck's Depression Inventory | 1.000 | .666 | measures the extent to which a person is impulsive the higher the value the more impulsive the person is | 1.000 | .643 | Rotter Locus of Control Measure | 1.000 | .666 | Life Optimism Test | 1.000 | .798 | indicator for whether the South Oaks Gambling Screen suggests that the person is a probable pathological gambler | 1.000 | .654 | Extraction Method: Principal Component Analysis. | Factor Analysis 2 – Rotated Orthogonal Solution Communalities | | Initial | Extraction | Beck's Depression Inventory | 1.000 | .666 | measures the extent to which a person is impulsive the higher the value the more impulsive the person is | 1.000 | .643 | Rotter Locus of Control Measure | 1.000 | .666 | Life Optimism Test | 1.000 | .798 | indicator for whether the South Oaks Gambling Screen suggests that the person is a probable pathological gambler | 1.000 | .654 | Extraction Method: Principal Component Analysis. | Yes; the communalites are the same. Q2: Using unrotated solution, for the first factor, calculate extraction communalities from component matrix. Component Matrixa | |...
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...Systematically analyse the impacts of external factors on organisational decision making Decision making is a broad term that applies to the process of making a choice between options as to course of action (Smith et al., 2005). There are many factors that are involved in decision making of any organisation especially in health and social care organisation. Following are the external factors that are affecting the decision making of health and social care organisation. (Blog NHS Website, 2005). 1. Legislation: There are many set of rules and regulations defined by the government and health and social care sector is bound to obey these rules and regulations Such as “The Mental Capacity Act 2005”, The Access to Medical Reports Act 1988, Blood Safety and Quality Legislation, The Census (Confidentiality) Act 1991, The Children Act 2004, The Civil Contingencies Act 2004, The Civil Evidence Act 1995, Commission Directive 2003/63/EC (brought into UK law by inclusion in the Medicines for Human Use (Fees and Miscellaneous Amendments) Regulations 2003), The Computer Misuse Act 1990, The Congenital Disabilities (Civil Liability) Act 1976, The Consumer Protection Act (CPA) 1987, The Control of Substances Hazardous to Health (COSHH), Regulations 2002, The Copyright, Designs and Patents Act 1990, The Crime and Disorder Act 1998, The Criminal Appeal Act 1995, The Data Protection Act (DPA) 1998, The Data Protection (Processing of Sensitive Personal Data) Order 2000, The Disclosure of...
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...report Preliminary analysis Since the data of all variables are non-metric and ordinal, there is no appropriate preliminary analysis can be performed. The descriptive statistics of the variable (table 1) below show that most respondent’s answers falls between 3 to 4 and close to 4 which denote the perception of neutral to agree. That is, most answers are positive indicating the students are not on average dissatisfy with the teaching of the subject. Figure 1 | |N |Mean |Std. Deviation | |The tutorials are useful and |434 |4.09 |.922 | |relevant | | | | |The tutor is well prepared |436 |4.11 |.962 | |The tutor is knowledgeable |432 |4.19 |.807 | |The tutor is approachable |432 |4.31 |.825 | |The tutor is readily available for |434 |3.93 |.989 | |consultation with students | | | | |In this tutorial I feel free to ask|433 |4.26 |.780 | |questions | | | | |The tutor encourages students to |435 |3.77 |.916 | |think for themselves...
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...Chapter 14 Factor analysis 14.1 INTRODUCTION Factor analysis is a method for investigating whether a number of variables of interest Y1 , Y2 , : : :, Yl, are linearly related to a smaller number of unobservable factors F1, F2, : : :, Fk . The fact that the factors are not observable disquali¯es regression and other methods previously examined. We shall see, however, that under certain conditions the hypothesized factor model has certain implications, and these implications in turn can be tested against the observations. Exactly what these conditions and implications are, and how the model can be tested, must be explained with some care. 14.2 AN EXAMPLE Factor analysis is best explained in the context of a simple example. Students entering a certain MBA program must take three required courses in ¯nance, marketing and business policy. Let Y1, Y2 , and Y3 , respectively, represent a student's grades in these courses. The available data consist of the grades of ¯ve students (in a 10-point numerical scale above the passing mark), as shown in Table 14.1. Table 14.1 Student grades Student no. 1 2 3 4 5 Finance, Y1 3 7 10 3 10 Grade in: Marketing, Y2 6 3 9 9 6 Policy, Y3 5 3 8 7 5 °Peter Tryfos, 1997. This version printed: 14-3-2001. c 2 Chapter 14: Factor analysis It has been suggested that these grades are functions of two underlying factors, F1 and F2, tentatively and rather loosely described as quantitative ability and verbal ability, respectively. It is...
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...Assemblage of factors affecting Success of Fast Moving Consumer Goods Parmindar Singh1 1 Research Scholar, Department of Commerce, Chaudhary Devi Lal University, Sirsa. Abstract This paper has mainly focused to the study about the factors which affects on the success of Fast Moving Consumer Goods. Factor analysis is employed on data of 24 items that have main effect on the individual consumer. The major objective of this study is to determine the factors which affects the success of FMCG. The response of the 100 respondents has been selected for the purpose of the study. The findings indicate that factor 4 (v4) is at the top by which consumers make their opinion for use of buying in products with mean value (3.12) which is more effective in the comparison of the low mean value (1.31) of the factor 2 (v6) that is less effective in making the opinion for use of buying the products . Overall the analysis provides an understanding the consumer differ significantly by age, education and income level as consumer wise on intrinsic motivation. The results are important for the group of the consumers in making their purchase decision, companies selling their products and the various parties involve advertiser, investors etc. 1. Introduction Fast moving consumer goods is also known as consumer packaged goods. The Fast Moving Consumer Goods (FMCG) industry in India is one of the largest sectors in the country and it is at present the fourth largest sector with a total market...
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...Define and Describe the Four Factors Of Production In every society there are so called 'factors of production,' that are used to manufacture goods and services. These are often referred to as limited resources: The first factor of production is land. This refers not just to land itself but to all natural resources - the surface of the earth, forests, mineral deposits etc... These resources can be split into two different types: non-renewable and renewable. Non-renewable resources are resources such as coal, oil, gold and copper which once used up can never be replaced as their formation took millions of years. Renewable resources include fish stocks, water and wind power and these can be renewed and replaced. However these sources require careful management as misuse can lead to destruction of the source. Some nations are endowed with natural resources and exploit this by specialising in the extraction and production of these resources LAND This category sometimes extends over all natural resources. It is intended to represent the contribution to production of nonhuman resources as found in their original, unimproved form. For the French physiocrats led by Francois Quesnay in the 1750s and 1760s, land was the only factor yielding a reliable gain to its owner. In their view, laborers and artisans were powerless and in excess supply, and hence they earned on average only a subsistence-level income; and in the same way what they produced outside of agriculture fetched enough to...
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...Running Head : Aviation Aerospace Human Factors in Aviation Aerospace Some of the greatest challenges in the operation and design of large machine systems such as aviation vehicles and aerospace vessels, arise from human factors . It is from such challenges that human-factor engineering has emerged, determined to optimize the interaction between man and machines for the purposes of safety and efficiency. As such, human-factors engineering concerns itself with operating procedures and the training of personnel , as well as issues of interface design (Britannica , 2008 ). These are crucial issues to aviation and aerospace, as human error has been identified as a primary contributor to more than 70 percent of commercial airplane hull-loss accidents. Graeber (1999) asserts that human error is a major concern within the areas of not only flight operations but in maintenance and traffic management as well. To remedy these matters, human factors engineering must identify the limits and characteristics of cognition , information processing and memory and how they can most effectively be integrated into the day to day operations of aviation and aerospace. This means going beyond mere personnel training and redundant safety protocols, but making knowledgeable and flexible observations about how humans interface with aviation and aerospace technology. Because technology tends to evolve faster than our ability to predict how humans interact with it, the overseers of aviation and...
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...Globalization was a component that has swayed Google as it has been the other way around as well. Overseeing the globalization for the company from California was a pivotal phase of the business. Google is maintaining its business globally and with similar exhibition, the external risks are intensified. Google has foreign contention in all of its primary businesses: advertisement, internet search, social media, and mobile phones. Some opposition such as Facebook for the social media and Apple for the phones and tablets are leaders and Google must review these external factors. Another external factor that impacts Goggle’s globalization can be difficult because other countries may not want to use a product they are unfamiliar with. Therefore, a thorough explanation of why a product would be beneficial in another country is very important (Ford, 2010). China for example had outlawed Google as a prominent search engine for political consideration. These slumps are compensated by the importance that globalization produces inside Google. In 2012 the organization has a variety of human resources in different locations internationally that creates difficultly to a competitor to even think about emulating Google. “What the laggards have failed to grasp is that what matters most today is not a company's competitive advantage at a point in time, but its evolutionary advantage over time” (Hamel, 2006). Google manages to prepare for their future by understanding that preparing requires...
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...4, pp. 138-150, Apr 2011 Factors Affecting Retailers Attitude towards Manufacturers: A Study on Unilever Intisar Alam, 2Afreen Choudhury* Business School, BRAC University, Bangladesh 2Faculty of Business Administration, East West University, Bangladesh *ac@ewubd.edu 1BRAC 1Muhammad Abstract: The study addresses broadly the performance related issues as to what extent is the impact of various factors responsible in terms of retailers for doing business with manufacturers in FMCG (Fast Moving Consumer Goods) sector at Dhaka in Bangladesh. The theoretical framework was designed based on the literature and hence two hypotheses were formulated. The samples were selected by Proportionate Stratified Sampling method. The data were collected by distributing 10 items questionnaires to 50 retailers under different categories in Dhaka. The questionnaire was developed on the basis of exploratory research which were used to measure retailers attitude. Data collected were sorted out and keyed in into SPSS and were analyzed using descriptive statistics to answer the research question. Using the Factor analysis we have extracted four factors and named those factors as Manufacturer’s Production Standard, Managerial Efficiency, Promotional Capability and Customer Solution Capability. The result of the Multiple Regression analysis showed that there is a significant relationship between retailers’ attitude (dependent variable) and the factors determined in the factor analysis (independent variables)...
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...Factor Analysis Steps…. In order to get the results of factor analysis, you need to handle with main following steps: 1. Open Data File: (.sav file)—SPSS data file. 2. Click on Analyze ( Data Reduction ( Factor ( Select the (items) variables from the panel and move it to the right panel in the “Variable box”. (See Figure 1.1) [pic] 3. Click on Descriptive ( Check: (See Figure 1. 2) ✓ Initial Solution ✓ KMO & Bartletts ✓ Anti-image ( Continue [pic] 4. Click on Extraction and then [Methods: Select “Principle components”]( Check: (See Figure 1.2) ✓ Correlation Matrix ✓ Unrotated factor solution ✓ Number of factor “type 1 in the box” ✓ Scree plot (optional) ( Continue 5. Click on Rotation ( Check: (See Figure 1. 3) a. VARIMAX b. Rotated Solution c. Max Iteration 25 ( Continue 6. Click on Options( Check “Sorted by size” (See Figure 1.3) ( Continue ( OK [pic] Evaluation Criteria of Factor Analysis ✓ KMO > 0.5 ✓ FL > 0.6 ✓ Eigen value > 1 ✓ Explained Variance—“Cumulative” > 60% ✓ Communality > 0.5 *****Warning, you will never delete more than one variable at the same time***** Reliability Analysis Steps… After you have done with factor analysis steps, rest of formal items will be using to get the results of reliability stage. Please follow the main instructions: 1. Click...
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...120205018 What are the different types of factors of production? Factors of production mean inputs and finished goods mean output. Input decides the quantity of output i.e. output depends upon input. Input is the starting point and output is the end point of production process and such input-output relationship is called as "Production Function". All factors of production like land, labor, capital and entrepreneur are required altogether at a time to produce a commodity. In economics, production means creation or an addition of utility. Factors of production can be classified into four categories. Such as: 1. Land 2. Labour 3. Capital 4. Enterprise Factors of production refer to inputs required for conducting production. Input is the starting point of every production activity. According to Prof. Benham, "Anything that contributes towards output is a factor of production." Mere existence of anything doesn't make it a factor of production but its contribution in production process is a necessary condition. Dr. Alfred Marshall described factors of production as "Agents of Production". Cooperation among factors is essential to produce anything because production is not a job of single factor Four Factors of Production in Economics - Chart Following chart provides brief tabulated information on 4 factors of production. * Mention the features of Land, Labor. * Land:- Land is a Natural and primary factor of Production. Land is not created by mankind...
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...e major four functions of management involve planning, controlling, organizing and leading. These functions can be affected by the internal and external factors n a business environment. The external forces that affect the functions of a business include sociological, political, economical and technological (Montana & Charnov, 2000) External factors: Sociological: Includes; the demographic status and trends, work ethics and personal values, and general cultures. (pg, 566.) This factors influences differently on how management accomplishes its jobs. The social environment presented by each country is unique and as the business becomes international, management s ought to understand these unique environments. This understanding assists the management to plan for the future and design products for particular groups of people Economic and political: Includes; all the essential factor such as competitors, suppliers and customers in an open model of business the management must study the economy and political environment for a continual and dynamic relationship. In this system the management assumes that the business or company has both input and output. By studying the companies’ suppliers’, competitors and customers as well as current political factors, the management are capable of making effective managerial and decisions. The products designed under this should posses place, form and time utility to succeed in the mark place. Technology: Technology has the most dramatic...
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...Title Of Project: Automatic Power Factor Controller Submitted by: Serial | Name Of Student | Contact Number | Mail ID | 1 | Satvik Jani | 7828361008 | satvik.9.7@gmail.com | 2 | Shreya Deoras | 7587069822 | mail_me_shreya@yahoo.com | 3 | Priya Dubey | 8827876275 | priya281091@yahoo.com | 4 | Seema Sahu | 9691466951 | Seema06sahu@gmail.com | Abstract: In view of constantly rising power tariff & penalties imposed by the State Electricity Boards / Utility companies, it is imperative for any HT & LT Industry / Consumer to install an automatic power factor controller system for curtailment of Power Factor Penalty and also to Save Energy by consistently maintaining higher power factor Utilities usually charge customers an additional fee when their power factor is less than 0.95. (In fact, some utilities are not obligated to deliver electricity to their customer at any time the customer’s power factor falls below 0.85.) . Low Power Factor leads to poor power efficiency, thereby increasing the apparent power drawn from the distribution network. These result in overloading of Transformer, Bus bars, Switch gears, Cables and other distribution devices within the Industry or consumer area. An APFC is the most accurate way to correct a system’s power factor. They are ideal for distribution which have fluctuating load and distribution with numerous motors and APFC centralized system solution, eliminating individual motor capacitors scattered...
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