Explain the concept of ‘margin of error’ in deciding the size of a sample

August 8, 2023

In an APA formatted Word document complete the following:

Part 1. Explain the concept of ‘margin of error’ in deciding the size of a sample.

Part 2 – Explain the following terms with an example

Point estimate
Interval estimate
Confidence interval
Confidence limits
Confidence coefficients or critical values.

Part 3 – In a survey carried out in a large city, 170 households out of a random sample of 250 owned at least one pet. Find the 95 per cent confidence interval for the percentage of households in the city who own at least one pet. Does the result support a pet food manufacturer’s claim that 75 per cent of all households have at least one pet?

In an APA formatted Word document complete the following:

Part 1. Explain the concept of ‘margin of error’ in deciding the size of a sample.

Part 2 – Explain the following terms with an example

Point estimate
Interval estimate
Confidence interval
Confidence limits
Confidence coefficients or critical values.

Part 3 – In a survey carried out in a large city, 170 households out of a random sample of 250 owned at least one pet. Find the 95 per cent confidence interval for the percentage of households in the city who own at least one pet. Does the result support a pet food manufacturer’s claim that 75 per cent of all households have at least one pet?

Discuss the importance of culture and how cultural differences may contribute to global management challenges

August 8, 2023

Discuss the importance of culture and how cultural differences may contribute to global management challenges, as illustrated in the Chapter 4 opening-discussion case, “The Cultural Roots of Toyota’s Quality Crisis.” Please post your Discussion based on the following questions:
1) What dimensions contribute to the differences between how Americans and Japanese workers address management problems, including operational or product flaws?
2) What are some ways that Japanese culture may affect operational excellence in a positive way? How might it hurt quality, especially when things go wrong?
3) How could managers from Japan or other Asian cultures adopt practices from U.S. and European cultures when investing in those regions?

The assignment:

Assignments

LP2.1 Assignment: Managing Across Cultures

This assignment assesses Competency 2: Interpret the meanings and dimensions of national cultures.

Directions
Consider and explain the strategies for managing across cultures facing Haier, when referring to the “Internet Exercise: Haier’s Approach” on page 171 in the textbook. Complete this assignment by answering the following questions:

1) What type of cultural challenges does Haier face when it attempts to market its products worldwide? Is demand universal for all these offerings, or is there a “national responsiveness” challenge, as described in the chapter, that must be addressed?

2) Investigate the way in which Haier has adapted its products in different countries and regions, especially emerging markets. What are some examples?

3) In managing its far-flung enterprise, what are two cultural challenges that the company is likely to face and what will it need to do to respond to these?

Write a one to two page paper summarizing your findings. The written summary should be double-spaced using 12-point Times New Roman font. You will need to cite your sources of information (at least three) at the end of your paper. Though the paper need not be in APA format, the citations at the end do. One of those three citations may be from the Luthans and Doh textbook, and one citation may come from an online website. However, at least one of these three citations should be from the NAU Online Library. You will need to conduct independent research using the Business Databases Subject Guide on the NAU Online Library.

Submit this assignment to your instructor via the dropbox “LP2.1 Assignment: Managing Across Cultures.” This assignment is worth 75 points and will be graded according to the following scoring guide

How Do Leadership Behaviors And Leadership Skills Differ?

August 8, 2023

1. How do leadership behaviors and leadership skills differ? Provide examples to illustrate your response.

2. Compare and contrast intrapersonal skills with interpersonal skills.

3. What are the two components necessary for leaders to build trust? How can these components be developed?

4. Differentiate between active listening and passive listening.

5. List and describe the steps involved in problem solving.

6. What is the main reason for people staying with organizations?

A. Job evaluations based on 360-feedback

B. Frequent development opportunities

C. Use of pay-for-performance systems

D. Promises of long-term employment

7. Explain Maslow’s hierarchy of needs.

8. The sum of forces that attract members to a group, provide resistance to leaving it, and motivate them to be active in it is called:

A.	group polarization.

Mini-Case Governance And Activist Investors

August 8, 2023

Governance in Japan, Germany, and China has been changing as “western” governance systems have increasingly been adopted. Traditionally, boards of directors in these nations have largely been composed of insider manager directors. In 2015, Japan adopted a new governance code that strongly emphasized the importance of firms to elect many more independent outside directors. Activist shareholders and a strong market for corporate control have traditionally been absent in Japan. More recently, shareholders have been more active and the most successful ones have been labelled “engagement” funds. The change is signaled, for example, by the Japanese Government Pension Investment Fund choosing an activist investor, the Taiyo Pacific Partners LP—a U.S. based engagement fund —to manage some of its $1 trillion in assets. Furthermore, the Japanese Financial Services Agency has introduced a “stewardship code” that calls on investors to “press for greater returns.” As such, the Japanese environment is becoming more oriented toward “shareholder rights,” although the approach comparatively is not as “activist” as found elsewhere in the world. Besides a new brand of activism in Japan, activism is spreading around the globe including Germany. Again, a revised governance code pushed for more shareholder-friendly governance arrangements, including an emphasis on outside directors and stronger emphasis on executive long-term incentive compensation. With stronger emphasis on shareholders’ rights, activist funds pursued more activity. Cevian Capital, an activist fund, is involved in ownership with ThyssenKrupp and Bilfinger. Likewise, Elliott Management, another activist fund, is involved with Celesio and Kabel Deutschland. Although management teams are quite suspicious of activists in Germany and other continental European countries, “Germany is an area where activists may look because of its protections for minority investors in takeover deals.” However, research shows that activist investors have less influence on top management teams because of restrictive governance regulation. For example, one study found that activist investors’ involvement did not lead to increased CEO turnover. Although some activism has taken place in mainland China, firms in Hong Kong have been targeted more by activist funds. Hong Kong-listed companies have been loosening rules for foreign ownership and, therefore, companies have been paying more attention to what investors think in regard to governance and transparency. In mainland China, however, often shares are mostly owned by parent business group firms as well as the government or, because they are often younger, they are still owned by the firm’s founders. As such, there is less potential influence for foreign investors on company decisions. However, the Shanghai-Hong Kong Stock Connect program has accelerated opportunities for activists on the mainland. Through the Connect program, foreign financial institutions can have direct access to mainland China’s capital markets. This means that foreign ownership will have more activist influence because of shareholder voting rights in local mainland China-listed firms. Also, many home-grown Chinese activist funds thrived due to their recent investments in the technology sector with the success of Alibaba, Tencent, and many other high technology firms. But how do owners from emerging market countries and countries with significant government ownership influence the firms they invest in overseas? Interestingly, sovereign wealth funds, many from emerging economies, are playing a dominant role by investing in developed economies as well as other emerging economies. In their own way, they are playing an activist role. For example, since the global financial crisis, many German firms have sought investment from sovereign wealth firms from Gulf States in the Mideast. In particular, many German major automobile firms have recruited Gulf Cooperation Council (GCC) sovereign wealth fund investments during the stresses of financial restructuring spurred by the financial crisis.

How the CIPD Profession Map is used to define and evaluate what HR professional do.

August 8, 2023

In this part of the report you are required to do two things.

You are required to conduct research and produce a report on the role and contribution of the HR professional within organisations and how the CIPD’s Profession Map helps to define this https://www.cipd.co.uk/learn/career/profession-map/2013-profession-map

You should then produce a report of approximately 950 words to cover the following points:

1.An evaluation of what it means to be an HR professional in the contemporary and emerging business environment. (AC1.1) (approx 200 words)

2.The range of knowledge, skills and behaviours required by HR professionals and stating why these are important (use the terminology from the CIPD Profession Map and illustrate with examples as appropriate). (AC1.1) (approx 350 words)

3.How the CIPD Profession Map is used to define and evaluate what HR professional do. (AC1.1) (approx 200 words)

4.ADDITIONAL REQUIREMENTS: Please also comment on how you will transfer the new knowledge and skills gained during this assignment into working practices. You may also use this reflection for your CPD. (approx 200 words)

Include 3-5 references from up to date and relevant sources in order to support your findings.