Running head: Variables
Variables 3
Ashcroft (2010) points out that with increased global demand for environmentally friendly toys, Sloge has no other option than eliminating oil-based toys. According to (Wighton, 2015) the company is set to have all its toy bricks made of non-oil based plastic by 2030. Wighton continues to mention that the company will do this in a bid to reduce its global carbon footprint. However, this change will come at a costly price as the overhaul of producing the same products with new sustainable materials will require intensive research and development. The giant toy company is yet to identify a suitable sustainable and eco-friendly material to manufacture the non-oil based toys.
Sloge is therefore compelled to do thorough research and development of currently required product manufacture elements. A Lego Sustainable Materials Centre is expected to be established at the Lego Headquarters in Billund, Denmark as indicated in a report by (Starr, 2015). The center is aimed to be used for the manufacture and packaging of the sustainable product. In a statement by Sloge Group captured by (Trangbaek, 2015) the company has already employed 100 employees and professionals knowledgeable in the production of sustainable toys. This move is aimed at increasing productivity and profitability. In addition the company will also liaise with environmental bodies such as the WWF to further assess the sustainability of the new materials they will be using. According to (Starr, 2015) this will go a long way in reducing the company’s negative impact on the environment.
Historically, (Shavinina, 2003) proved that a superior and differentiated product will attract more success in the market. The differentiated product is often as a result of successful research and development of a new innovation. Sloge customers will automatically demand newly produced products once announced in the market with the hopes to be the first to possess such. The handbook (Shavinina, 2003) further reveals that the more the investment in product development, the more the chance of success of the product in the market. The research that precedes the design and development of the product plays a critical role in the winning strategy of a new product. With this understanding, Sloge seem to have made the right choice by investing $150million towards the research and development of sustainable materials for their toys.
In the analysis of this case, therefore, the independent variables are research and development (technology) and human capital (professionals in the new non-oil based toy production). Additionally, productivity and profitability constitute the dependent variables of The Sloge Toy Company.
Research Objective
The main study aim is to increase economic profits (profitability) by carrying out research and development to determine required environmentally friendly products for manufacture. The development of eco-friendly products is expected t.
1. Running head: Variables
Variables 3
Ashcroft (2010) points out that with increased global demand
for environmentally friendly toys, Sloge has no other option
than eliminating oil-based toys. According to (Wighton, 2015)
the company is set to have all its toy bricks made of non-oil
based plastic by 2030. Wighton continues to mention that the
company will do this in a bid to reduce its global carbon
footprint. However, this change will come at a costly price as
the overhaul of producing the same products with new
sustainable materials will require intensive research and
development. The giant toy company is yet to identify a suitable
sustainable and eco-friendly material to manufacture the non-oil
based toys.
Sloge is therefore compelled to do thorough research and
development of currently required product manufacture
elements. A Lego Sustainable Materials Centre is expected to be
established at the Lego Headquarters in Billund, Denmark as
indicated in a report by (Starr, 2015). The center is aimed to be
used for the manufacture and packaging of the sustainable
product. In a statement by Sloge Group captured by (Trangbaek,
2015) the company has already employed 100 employees and
professionals knowledgeable in the production of sustainable
toys. This move is aimed at increasing productivity and
profitability. In addition the company will also liaise with
environmental bodies such as the WWF to further assess the
sustainability of the new materials they will be using.
According to (Starr, 2015) this will go a long way in reducing
the company’s negative impact on the environment.
Historically, (Shavinina, 2003) proved that a superior and
differentiated product will attract more success in the market.
2. The differentiated product is often as a result of successful
research and development of a new innovation. Sloge customers
will automatically demand newly produced products once
announced in the market with the hopes to be the first to
possess such. The handbook (Shavinina, 2003) further reveals
that the more the investment in product development, the more
the chance of success of the product in the market. The research
that precedes the design and development of the product plays a
critical role in the winning strategy of a new product. With this
understanding, Sloge seem to have made the right choice by
investing $150million towards the research and development of
sustainable materials for their toys.
In the analysis of this case, therefore, the independent variables
are research and development (technology) and human capital
(professionals in the new non-oil based toy production).
Additionally, productivity and profitability constitute the
dependent variables of The Sloge Toy Company.
Research Objective
The main study aim is to increase economic profits
(profitability) by carrying out research and development to
determine required environmentally friendly products for
manufacture. The development of eco-friendly products is
expected to be costly and time-consuming. However the cost of
research and development is not expected to reflect directly on
the profitability of the product in the market. This is because
productivity and profitability are dependent on the technology
and human capital rather than on each other.
In this research the following hypotheses are developed;
Hypothesis statements
1. Sloge profitability is indirectly related to research and
development.
2. Sloge productivity increases with increased employment of
experts in the non-oil-based toy production department.
References
Ashcroft, L. (2010). Marketing strategies for visibility. Journal
3. of Librarianship and Information Science.
Starr, M. (2015, June 29). Lego to stop producing petroleum-
based plastic bricks - CNET. Retrieved from
http://www.cnet.com/news/lego-to-stop-producing-petroleum-
based-plastic-bricks
Trangbæk, R. (2015, June 16). LEGO Group Statement.
Retrieved from http://www.lego.com/en-us/aboutus/news-
room/2015/june/sustainable-materials-centre
Wighton, D. (2015, July 13). Lego to save the world by ditching
oil-based plastic in their bricks - Techly. Retrieved from
http://www.techly.com.au/2015/07/13/lego-save-world-ditching-
oil-based-plastic-bricks
Networking
Networking is one of the most important -- if not the most
important -- activities that
job-seekers need to master to be truly successful in your job-
search. Because the vast
majority of job openings are never advertised, job-seekers need
to have a network of
contacts -- a career network -- that can provide support,
information, and job leads.
Career Networking Tips
Who to Include in Your Career Network
Your career network should include anyone who can assist you
with a job search or
career move. It can include past and present co-workers, bosses,
4. friends with similar
interests, colleagues from business associations, alumni from
your university, or
acquaintances you have met via online networking services.
Your network can also
include family, neighbors, and anyone who might have a
connection that will help.
What Your Career Network Can Do For You
Over 80% of job seekers say that their network has helped with
their job search.
Networking contacts can help with more than job leads. They
can provide referrals to or
insider information about companies you might be interested in
working for. They can
provide information on career fields you might want to explore
or what the job market is
like in other countries. Your network can give you advice on
where to look for jobs or
review your CV. The possibilities are endless.
Keep in Touch - Work Your Network
Don't just contact those who can help when you have just been
laid-off from your job or
decide you want to look for a new position. Keep in touch with
your network regularly -
even if it's just a brief email to say hello and to ask how they
are doing. People are more
willing to help when they know who you are.
What You Can Do for Your Career Network
Networking shouldn't be a one way street. If you come across an
interesting article or a
relevant job listing, share it with your network. The point of
having a career network is
to have resources that can help, but, you should reciprocate,
5. whenever you can.
Keep Track of Your Network
Keep track of your personal career network somewhere.
Whether it's electronically or on
paper, make sure you know who is who, where they work, and
how to get in touch.
Online Career Networking
Online job searching networking does work. A variety of online
networking websites can
help you get in touch with other networkers at specific
companies, with college
affiliations or in a certain geographic area. In addition, if you're
a college graduate, your
institute may have an alumni career network you can access.
Page 1 of 5
Networking
When networking with people you don't know, make sure that
you know what you want.
Are you looking for company information? Do you want to
know about job
opportunities? Be specific in what you ask for.
Networking Events
Networking in person works too. If you belong to a professional
association, attend a
meeting or a mixer. You'll find that many of the participants
have the same goals you do
and will be glad to exchange business cards. If your college
alma mater holds alumni
6. networking events (many schools hold them at locations around
the world) be sure to
attend.
Career Networking Examples
Here are a few common examples of how career networking can
help:
• Susan noticed a help-wanted ad for a job at a local veterinary
clinic. She called a
friend who happened to use that vet. Her friend called the vet
and recommended
Susan. Susan got an interview and got the job. The vet was glad
to hire someone
who came highly recommended by a good client.
• John was interested in pursuing a career in medicine. He
mentioned his interest
to a family friend who happened to be a doctor. The doctor
arranged for John to
spend a day shadowing him at the hospital and provided an
excellent
recommendation for medical school.
• Angela was interested in changing careers and moving from
public relations to
publishing. Even though she graduated more than a few years
ago, she tapped
her college career network and came up with a contact at a top
New York
publishing firm. In addition to being sent new job postings, her
resume was
hand-delivered to Human Resources when she found a position
she wanted to
apply for.
7. Page 2 of 5
Networking
Networking Worksheet
Name: _________________________ Dates Called
_______/_______/_______
Company Name:
________________________________________
Address:
______________________________________________
Phone: _________________ Appointment Time/Date:
_____________________
Follow-up: ____________________
Summary of
Conversation/Contact___________________________________
_______
_____________________________________________________
_______________
_____________________________________________________
9. Page 3 of 5
Networking
Sample Job Search Networking Letter
Contact Name
Title
Company
Address
City, State, Zip
Dear Mr. Contact,
I was referred to you by Diane Smithers from XYZ company in
New York. She
recommended you as an excellent source of information on the
communications
industry.
My goal is to secure an entry-level position in communications.
I would appreciate
hearing your advice on career opportunities in the
communications industry, on
conducting an effective job search, and on how best to uncover
job leads.
Thanks so much, in advance, for any insight and advice you
would be willing to share. I
look forward to contacting you early next week to set up a
telephone informational
interview. Thank you for your consideration.
10. Sincerely,
YourFirstName YourLastName
Page 4 of 5
Networking
Letter of Introduction
A letter of introduction is used to write to a connection to refer
a candidate for
employment or to request career assistance. In many cases, the
letter can be sent via
email, because that's the quickest and easiest way to connect.
Letter of Introduction Sample
Dear Bob, (this type of letter is typically sent to someone you
know well)
I'm writing to introduce you to Janice Dolan. I know Janice
through the Brandon Theater
Group, where, as you know, I am the technical director. Janice
and I worked together on
several local theater projects.
Janice is interested in relocating to the San Francisco area in
the near future and would
appreciate any recommendations you could offer her for
conducting a job search for a
theater position and any help you can provide with the logistics
11. of relocating to
California.
I've attached her resume for your review and you can contact
her at
[email protected] or 555-555-5555. Thank you in advance for
any assistance you
can provide.
Sincerely,
Your Signature
Your Name
Page 5 of 5
Networking is one of the most important -- if not the most
important -- activities that job-seekers need to master to be
truly successful in your job-search. Because the vast majority of
job openings are never advertised, job-seekers need to have a
network of contacts -- a career network -- that can provide
support, information, and job leads. Networking Worksheet
Letter of Introduction Sample
8/24/2012
Networking Worksheet
Networking is a rewarding, lifelong activity that should always
be part of your professional development. You want to
approach networking as more than just a request for a job; you
want to build relationships with others.
12. Step 1
List out all of your contacts; this list can include friends, family
, faculty, peers, alumni, co‐workers, acquaintances, fellow
organization members, dentist or neighbors
Step 2
Categorize the list into professional (faculty, acquaintances mad
e at professional events, referrals) or personal (family,
close friends of the family, friends, or close co‐workers) contact
s; use this list to determine how formal or informal your
contact with each person should be; contact your professional n
etwork through LinkedIn, formal networking events,
scheduled phone calls, meetings/lunch meetings, etc.; contact y
our personal network through means such as Facebook,
texting, phone calls, and casual conversations; maintain your lis
t in a spreadsheet or through an electronic contact list or
address book
Professional Personal
13. 8/24/2012
Step 3
Define your style of networking by considering what you excel
at or when you may feel most comfortable; identify the best
way for you to build your network, both in person or online
Do you get completely overwhelmed in any social setting? Tak
e advantage of online networking in groups such as
LinkedIn, Twitter, or MyWorkster; you can also network one‐on
‐one by scheduling informational interviews
(http://careers.embry‐riddle.com/land‐offer/interviewing/networ
king/index.html).
Are you shy? Volunteer for a professional organization or your
local community; sometimes having a task to
complete helps you feel at ease as you network
14. Do you get overwhelmed by large crowds but like to work in sm
aller groups? Identify a smaller organization where
you can mingle, or identify groups that could use your expertise
and give presentations relevant to your field
Are you outgoing and ready to talk to everyone? Use online net
working tools and network in person to prevent
losing out on contacts that may prefer online social networking
Step 4
Plan what you want to convey to your network by using the met
hods that work best for you
In‐person networking: have your elevator speech (http://intervie
w.monster.ca/8890_en‐CA_p1.asp), a 30‐second
commercial about you, ready to present at all times
Online networking: ensure that your email address, LinkedIn, an
d/or Facebook accounts are professional and do
not present you in an unprofessional manner; also have your res
ume and cover letter ready to share at any time
Step 5
Take action –
after working out who you can contact, what approach you will
take and what you will convey to your group,
take the next step and start networking; don’t limit yourself to j
ust one style or one group of people
Attempt to complete one networking activity per week, and take
15. advantage of more opportunities if you are
actively searching for a job
Think outside of box and consider local Chamber of Commerce
meetings, volunteering at your local airport,
blogging on a subject matter that you are experienced in, using
your hobby to identify new connections, and any
other method that could open the door to a new opportunity for
you
Step 6
General etiquette rules apply to networking: always be polite an
d appreciative of what people do for you
a good first impression –
always be appropriate depending on the event and/or method of
networking;
remember that your physical appearance contributes to your ove
rall impression
Always be genuine when networking and avoid “using” people f
or their connections
Do as much preparation and research as possible before talking
with your connections
Maintain your contacts and always be willing to help another pe
rson – it is a reciprocal relationship
Thank a contact if he or she directly or indirectly assists you wi
th making a connection; do something to thank the
16. person even if it is a simple note of appreciation
commitments and promises made
Never burn bridges ‐ it can hurt your career progression or job s
earch
SHORT TITLE OF PAPER
1
Running head: DESCRIPTIVE STATISTICS
1Descriptive StatisticsNameCourse Name
Date
Instructor’s NameDescriptive Statistics
Determine the appropriate descriptive statistics.
Note: If the data was normally distributed, use the mean and
standard deviation. If the data was skewed significantly, use the
median and interquartile range.
Numeric Variable Name1
Distribution: State if not normally distributed
Central Tendency:
Dispersion:
Number:
Min/Max:
Confidence Interval: (if distribution is normal)
Numeric Variable Name2 (if applicable)
Distribution: State if not normally distributed
Central Tendency:
Dispersion:
Number:
Min/Max:
17. Confidence Interval: (if distribution is normal)
Attribute Variable Name (if applicable)
Create a bar chart. Describe the proportions.
Descriptive Statistics Interpretation
Numeric Variable Name1
Describe the variable in laymen terms.
Numeric Variable Name2 (if applicable)
Describe the variable in laymen terms.
Appendix A
Raw data used in the analysis
Fit data to one page.
Appendix B
Charts and Tables
This part of the paper will include items that are then cited in
the body of the paper. Usually, large items are placed here not
to distract from reading the paper.
Appendix C
Descriptive Statistics
This part of the paper will include descriptive statistics.
Descriptive Statistics and Interpretation Example
Interpretation Phrases
Central Tendency:
Mean = average of a set of data
Median = half or equal number of data is above and half or
equal number of data is below. It is a midpoint in an ordered
18. (sorted) set of data, a physical location
Mode = most frequent value in a set of data
Dispersion:
Standard deviation = variation
Interquartile range (IQR) = the middle 50% of the data
Range = the difference between the largest and smallest value
of the data
Confidence Interval: (data must be normal)
There is 95% confidence that the population average is between
_____ and ____ units.
Normal or significantly skewed data:
MegaStat: Descriptive statistics Normal curve goodness of fit p-
value
· Normal, p-value > .05
· Significantly Skewed, p-value < .05
Histogram: Eyeball the histogram.
· Normal data will have a symmetrical or slightly skewed shape.
· Significantly Skewed shape will have extreme skewness
Use phrase combinations: Normally distributed: Mean and
Standard Deviation, Not normally distributed: Median and IQR
Body Weight (Lbs.)
Central Tendency:
Mean = 149 Lbs.
Dispersion:
Standard deviation = 30 Lbs.
Count:
100
Min/Max:
19. 99 pounds and 234 Lbs.
Confidence Interval:
144 to 155 Lbs.
See the histogram in Appendix A, and descriptive statistics in
Appendix B.
Age
Distribution is not normally distributed
Central Tendency:
Median = 36 years
Dispersion:
Interquartile Range = 20.5 years / 2 = ± 10 years
Count:
100
Min/Max:
18 years and 74 years
Confidence Interval:
Not applicable (data is not normally distributed)
See the histogram in Appendix A, and descriptive statistics in
Appendix B. A scatter plot is in Appendix C.
Education Level
Thirteen percent of the subjects have no high school degree
while 44% have high school degree. Forty three percent have a
college or college graduate degree. See the bar chart in
Appendix D.
Descriptive Statistics Interpretation
Interpretation
Body Weight
One hundred subjects were randomly selected. Their body
weight was observed between 99 and 234 pounds. Their average
weight was 149 pounds, with a variation of plus or minus 30
20. pounds. One half or more were above 149 pounds. There is 95%
confidence that the population body weight average is between
144 and 155 pounds.
Age
The data was significantly skewed. One hundred subjects were
randomly selected. Their ages were between 18 and 74 years,
with a variation of plus or minus 10 years. One half or more
subjects were 36 years of age or older. The middle half of the
subjects’ ages fell between 27 and 47 years. The most frequent
age was 36 years.
APPENDIX A
Body Weight and Age Histograms
APPENDIX B
Descriptive Statistics Body Weight and Age
APPENDIX C
Scatterplot Body Age versus Weight
APPENDIX D
Bar Chart Education Level