...Research Applications The main purpose of the Human Resource Management is to create a fair, equal, and stable work environment for everyone at the company. The HR Department is must also needs to make sure they are fulfilling the companies vision, mission and goals. In order for the Human Resource to meet the vision, mission and goals of the company HR managers need to do research. Throughout the paper I will explain important key terms and explanations of the HR research along with its importance to the company. Goals of Research in HR To achieve an understanding of the goals of HR research is one must understand what the problem is and what they want to achieve. Research in the HR is generated by a concern problem, or foreseen problem in the HR department. Once the concern/problem has brought to attention the HR manager/researcher they will precede to the following steps. 1) Clearly diagnose and state the business problem. 2) Calculate cost of the problem with hard numbers. 3) Develop human resource based solutions. 4) Calculate total cost 5) Calculate savings from the solution.6) Calculate the cost/benefit ratio. 7) Implement the solution. 8) Report improvements. (Burrows 1996) After all, the purpose of HR research is to insure that the company achieves its vision, mission and goals. One problem that I believe my current organization might be better address by research is in the area of employee training. Comparison of Primary and Secondary Research When...
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...Business Research Application RES/320 Foundations of Research September 9, 2013 Dr. Elizabeth Frayne Business Research Applications Research is an essential activity for businesses of all sizes. It is necessary to collect as much data as possible to make sound business decisions. The primary goal of the business research process is to generate valuable insights about a company that can produce growth in shareholder wealth. The main steps covered include research question development, research design, survey, and the final data analysis. Throughout this paper, the focus will be on the research methods of Exxon Mobile Corporation. Create a Research Question The first step in the business research process is to identify goals and outcomes that will lead to prosperity for the organization. An effective business research question should have the ability set the foundation for future data gathering activities. Research questions can be related virtually to any business area, such as customer service, competition, employee relations, etc. The question should seek an answer to a potential weakness within the company. Once the question is answered, it will allow the company to make better business decisions (Baruch, 2008). As one of the largest oil and gas producers in the world, Exxon Mobile must focus on goals that will help the company maintain dominance within its industry. Research questions will be related to competitor analysis and global market conditions...
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...Research Applications Paper Valerie Smith University of Phoenix HRM/558 Research in Human Resource Management Human resource is where you define the strategy and plan that is necessary to implement the company’s mission, goals, and vision. Also, human resources strength in decision making and implementation of strategies and hiring process is very important to the company’s bottom line. In this paper, the goals of research in HR will be discussed, the comparison of the applications of primary and secondary research, and an explanation of how reliability and validity are used and why they are important to human resource research. The goals of research in HR are to understand the resources that are available to a company. Also, research will help a company understand what weaknesses they have and also its strengths. Research in HR is also important to understand if the company is achieving the goals that they set out to do when the creation of the company was being done. Research will provide information on how to get a project started, what resources are needed, and how many employees are needed to achieve these goals. When trying to find the right employee for the company, human resources use two types of applications for research and they are primary and secondary research. Primary research is designed to answer specific questions and data is gathered directly from the market or field (Devault, 2013). Focus groups, surveys, field tests...
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...which is that result of research. Staying up-to-date with an organization’s position in the changing market, the new trends that are constantly coming up and the competitor’s strategies are essential in this faced paced world. Business research is defined as a systematic inquiry that helps to provide information to the managerial staff to help guide decisions (Cooper, Donald R., Schindler, Pamela S.). Research by an organization is a process of planning, acquiring, analyzing, and dissecting relevant data or information for insights to making decisions that will help to maximize the organization’s performance. Business research as based upon this interpretation then plays an important role in the organization’s decisions. In organizations such as Wal-Mart, research is formulated so that the management in the company is able to complete the research by using people, time, and technology efficiently. The purpose of the corporation’s research then is either to create a theory or product idea or to test a theory. The current research conducted by Wal-Mart helps to improve on areas such as marketing, employee satisfaction and customer service as well as helps the organization find areas where more research is needed. This research is done in order for the organization to continue their business efforts as the largest retail business in the nation. As the company is well known, many other businesses are still competing with them on how they conduct their research as well as how the...
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...Maria Tropiano Saturday, June 8, 2013 Marketing Research Application #2 1. Market Entry Strategy: which global market entry strategy will be most effective and why? The globalthoughts.com and the quickmba.com websites outline several different global market strategies. These strategies include: exporting, licensing, franchising, foreign direct investment, strategic alliances, and joint ventures. Exporting is “the marketing and direct sale of domestically-produced goods in another country” (quickmba.com 1), and is used more often by small companies, licensing “is best used by those companies that have a component of intellectual property,” (globethoughts.com 1), franchising requires lower startup costs for the franchisor but limits the amount of money that can be made, foreign direct investment “is the direct investment of facilities in the target country” (quickmba.com 3), strategic alliances “are simply a business-to-business collaboration” (globethoughts 3), and joint ventures are the “formation of a third independent company owned but not necessarily managed by the partners” (globethoughts.com 2). After reading and analyzing information on these global marketing strategies, the most appropriate and effective strategy for Temple University’s expansion abroad would be the strategic alliance strategy. The strategic alliance strategy would allow each campus of Temple University to collaborate toward common goals “while remaining apart, distinct,” and independent as opposed...
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...Research Applications Paper For any company to be successful there are many key components that come into factor for a great team and even better success. These key factors stem from the top of the food chain down to the bottom of the corporate ladder (CEOs, CFOs, board of directors, departmental managers, and employees). One of the most contributing factors is the human resource department and the HRM (human resource management) staff. They are the glue that holds the company together. HR staff needs to have all of their aces in place to ensure that no misconduct is going on, that all employees are treated equally and fairly and to also resolve any issues within departments or employees that do not infringe on each other. The HR department must be aware of the company’s goals, mission statement, and vision statement. HR must be aware of the main purpose of the research and what they are going to study to see if the answers they seek meet the criteria of the research. Some key questions that HR staff needs to ask in order to conduct a successful study are: are we seeking new employment, are we looking for new training techniques, are we looking for better regulations on corporate compliance, etc…. The demands and goals of the study need to be understood to appropriately conduct an accurate research conclusion. The company must ensure that the information researched is reliable and valid. When doing any kind of research, the HR staff has to make certain that all data collected...
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...Business Research Applications Business research is an organized and systematic inquiry used to obtain data and yield information to support and guide managerial decisions. Organizations use the process to plan, acquire, analyze, and disseminate insights to guide their business decisions with the ultimate goal of maximizing business performance (Cooper & Schindler, 2006). All organizations, no matter how large or how small, will use business research at some level. The purpose of this paper is to discuss how research is used in the wind energy business in relation to developing and building wind farms. Business Research in Wind Energy A good research initiative is valuable to the success of any organization. In the wind energy business several major components must be considered in the building of a wind farm. Strong wind is an endless natural resource to be transformed into capital for both an individual landowner as well as for the wind company. However, before development of a wind farm can be undertaken, the company must first find a windy site and determine if the site has nearby transmissions lines. Once wind and transmission is determined, the value to landowners and the value to governments and local communities must be ascertained and brought to those groups. A wind project will not be successful without the buy-in from the local government, the community, and the landowners. Chasing the Wind The first step to building a wind farm is to find locations to...
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...Business Research Applications Paper RES/320 Research is used in every profession. Whether it is used to take a consensus for interest in juice bar flavors, or to isolate the blood type required for a successful transfusion, it is how all necessary questions get the appropriate and most accurate answers. I work for an organization that provides medical care. Specifically, I work for an ophthalmic clinic and surgical center. Our physician specializes in ocular diseases and refractive correction. Ocular, meaning eyes, is our specialty. Research has been used in this business by almost every person, at all times. From the initial purchase of facilities, to the expansion of facilities, to the care, diagnosis, and treatment of the patients, research is a vital part of our sustainability. Research is a key factor aiding in the physicians ability to diagnose and treat patients. However, additional consideration may need to be taken into account when providing care. When my family first had the idea to start this business, we had no idea where to begin. It was important to do some market research of our own. My father, who would be the physician, had been practicing medicine for years. However, he was no more than a shareholder in the practices he was employed by. He had never started his own practice. However, he knew from experience what type of facility he wanted to work out of and what type of diagnostic equipment would be required. My mother, who would be the CEO, was using...
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...Research Application Samir Khadra Psychology 370 7/31/2012 Integration Social psychology generally involves the way in which people behave, feel and think. All this is influenced by imagined, actual or the implied presence of other people. Since this is an article critique, it is indispensable to evaluate and analyze. This section therefore analyzes, evaluates and interprets a text. It answers questions including why, how well and how. This section analyzes the topics learnt in class. It evaluates, interprets and analyzes attitude which is the main factor in social psychology (Smith & Mackie, 2000). Attitude refers to the global evaluations as well as learned characteristics of an object, a person, an issue or a place that influences actions and thoughts. They are the basic expressions that show approval or disapproval. They also depict non-favorability or favorability or likes and dislikes. Social psychologists as learned in class have often studies attitude as well as its structure. These include attitudes’ functions as well as the relationships that are between behavior and attitudes. General attitudes are not mean predictors of any given behavior mainly because people often act under the influence of a given situation. The most decisive factor is the point that attitudes are often central to people’s self-concept and therefore might lead to behaviors (Smith & Mackie, 2000). The article argues that research has played a crucial role in developing attitude. Researches...
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...Research is a strategy that seeks to make basic discoveries and uncover new principles or factors so far not unknown or unrecognized. Or, Research is the systematic search for new knowledge. A business research program is an increasingly popular way for companies to train and educate their managers and other employees in a vast array of different fields. Business research can pertain to economics, business strategy and ethics, in fact, anything related to modern business and trade. Research is an important element in business administration in many different ways as follows; Testing of new products. Business research tests the potential success of new products. Companies must know what types of products and services customers want before they market them. Market research will minimize risk - Market research can help shape a new product or service, identifying what is needed and ensure that the development of a product is highly focused towards demand. Ensuring adequate distribution. Companies may also use business research to ensure the adequate distribution of their products. For example, a consumer products’ company may want to talk to retailers about all the different brands they sell. The results of the business research will help marketing managers determine where they need to increase their product distribution. ...
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...OVERVIEW, TRADING STRATEGIES 1. Trading strategies involving a single option on a stock and the stock itself: i) Covered call; ii) Protective put 2. Trading strategies involving taking a position in two or more options of the same type: i) Bull spreads; ii) Bear spreads; iii) Butter‡y spreads 3. Combinations: Option trading strategies that involve taking a position in both calls and puts on the same stock: i) Straddles; ii) Strips; iii) Straps; iv) Strangles COVERED CALL Consider a portfolio that consists of a long position (buy) in a stock plus a short position (sell) in a call option The investment strategy represented by this portfolio is known as writing a covered call This is because the long stock position "covers" or protects the investor from the possibility of a sharp rise in the stock price. lp on St and a sp on C z Pro…t ( ): ST S T < X : ST payo¤ }| max(ST St + C {z X; 0) cost }| { St + C When ST < X the pro…t is a positive function of ST (slope +1) When ST = 0: = St + C (maximum loss). From upper bound of a call this is negative: C St S T > X : ST (ST X) St + C = X St + C When ST > X the pro…t is not a¤ected by changes in ST (slope 0) When ST = X : = X St + C (maximum gain). From lower bound of a call this is positive: C St C+X Xe r(T t) =) C + Xe r(T t) St 0 Finally, the pro…t is zero when S T = St C = ST St 0) St + C = 0 ) An investor will invest in this strategy if he/she believes that ST St C See graph covered call Covered call: Lp on...
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...Being accepted into one of Penn State’s Accelerated programs is an incredible merit. Only the finest students are chosen, who may demonstrate scholarship, leadership, service, and character. These traits are highly beneficial to gain, especially when seeking a job, and doing well in your job. Owning these traits, would also help one be a superior dentist. In my 17 years, I believe I have actively demonstrated these characteristics. One of the most beneficial attributes as a high school student is scholarship. I currently have a 97 career GPA, as well, I am taking 2 AP classes and have taken 2 AP courses in my junior year. Each year since 8th grade, I've also enrolled in 2 sciences classes. I take honors classes if the option is available. On top of keeping my grades up in high school, I also take online college classes through Clarion University. I've taken College Writing and U.S. History, receiving an A in both classes. The leadership trait in me shines when I am on a softball field. I am a captain on 3 teams: A-C Valley softball team, A-C Valley cross country team and ROC Elite traveling softball team. Being a leader on two teams, it is critical that I always be the best I can. When I'm down, so is my team, which is why it is important for me to be positive and inspire my teammates to be positive too. To the younger players, I must lead by example. I strive to help, encourage, and demonstrate confidence to my fellow teammates. Daily, I aim to give a helping hand where is needed...
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...I am a junior in the UM-Flint nursing program, and I believe that my chosen profession will enable me to fulfill my desire to help others, to expand my knowledge base, and to travel. Throughout my life, I have participated in extracurricular activities, including valuable volunteer experiences. I have striven for academic excellence, always managing to work to provide some of my basic educational expenses. While in high school, I took challenging courses, such as advanced placement English and calculus, physics, and chemistry. I enjoyed the arts and was involved in art, band, and choir. I was able to maintain an excellent GPA, allowing me to graduate with honors. In addition to school related activities, I am involved with my local church. I teach a class of 3-6 year olds. I have participated in community cleanup, nursery day, and choir. I feel that by participating in community-related activities I am setting a positive example for the children. Although education plays a significant role in my life, I am involved with many other activities. During high school, I was an active member of several clubs, and served as treasurer and president. I frequently tutored middle school students. I enjoy the arts and participated in many performances; often involving travel to other parts of the United States. I belong to the National Student Nurses Association, and I have volunteered my time to inform individuals about what nursing involves. I have also done community work, such as blood...
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...I am interested in bringing my talents to your organization. I am not your average student. I differ from the norm through my love for dancing, color guard, music, and makeup. Dance has been a passion of mine since I was young. As a child, I danced in my living room, as my mom played Spanish music. Sometimes I grabbed brooms or mops to dance with. I never cared how I looked because of my passion. I’ve always enjoyed dance as a way of self-expression through movement and music: two of my favorite things. Choreographing a routine is letting all the stress and negative vibes you have vanish. The music speaks to me as I create moves to fit the song. Currently, I am listening to classical music, picturing myself performing a lyrical routine. Loving dance and music is an amazing concept that attracted me to join Color Guard. Color guard is another one of my hobbies, due to its inclusion of dance. The addition is the use of a five-to-seven foot flag. The flag has a silk which is made of multiple colors or designs. They are quite beautiful because of the distribution of colors. Putting on a show for people is a feeling like no other during halftime shows, parades and competition. The thrill of performing is like no other. I started color guard my freshman year and am now in my third year as team captain. As a leader, I teach and motivate my team to excellence. Leadership is very important because what they look like reflects on me and how well I am teaching them. I love...
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...Harry Harrison once said, “The principles we live by, in business and in social life, are the most important part of happiness.” My most valued principle to live by is that if I enjoy my work then I will never work a day in my life and is the reason I am pursing a nephrology fellowship. Nephrology offers many challenges involving the complexities of both acid/base and fluid/ electrolyte disorders requiring a comprehensive knowledge for diagnosis and management. As a future nephrologist I will be able to blend pathophysiology with direct patient care as well as providing primary are to those in need of immediate acute care. This is a facet of nephrology I admire most. After completing medical school in Saba, I have continued my training Chambert Hospital, treating a low income community. Kidney disease is a hard progressive condition difficult to detect until the problem is too late in most cases. Every day I see patients on the brink of death struggling for another day while enduring the daily rituals of dialysis. However over time, it is inspiring to see how they bare the fruits of their efforts. After treatment, as their physician, I get to witness each transformation leading to increased energy and better mental health. This setting has exposed to a wealth of clinical knowledge with a high volume of patients with a range of co-morbidities. This is where my appetite for nephrology has grown. My fascination with nephrology probably initially stemmed during my childhood...
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