BUS625: Data & Decision Analytics Week 3 Response 1
Guided Response: Your initial response should be a minimum of 300 words in length. Review and respond to two of your peers’ sample selections. Propose an alternative sample choice with justification, special circumstances, or issues that may need attention in your peer’s sample. Note that this discussion is reinforcing the fact that you can get many different samples from the same population.
Below there are one of my classmate’s discussion that needs I need to response to their names are Robert Mcalexander
Robert Mcalexander
Good morning everyone,
For this discussion response I will be acting as the new marketing consultant for Orvis. Orvis is a company that operates in the outdoor apparel and gear industry. Their major focus in on high quality fly fishing and upland hunting supplies. A service that we want to take a harder look at would be our wader repair program. Waders are one of the most important tools of anyone who is involved in fly fishing. They are essentially overall looking covers that protect a user from getting wet when they are in the water. They come in many forms and each has a very different application. One of the problems with waders, is that they are thin and can be prone to busted seams, punctures, and tears. What we want to do is somehow extend out all of our warranties for all of waders that will be coming out in 2020. We want our customers to spend more time out on the water, and less time worrying about damaging their gear. We would take care of the shipping, repair, and replacement of any damaged waders we get back.
Orvis is an industry leader and is constantly needing to improve. The warranty service will be an online application and once it is complete, the waders will be shipped back to one of our manufacturing plants. The reason that I am here, is to create a survey. This will be the first part of the warranty application, and must be filled out in order to go through with the process. We need to figure out where, when, how, and why the waders were damaged. This can give us extremely valuable data that our research and development team can use in the future.
In order to do this we would need to use the concept of stratified random sampling. “A sampling design in which the population is divided into several homogeneous subpopulations, or strata, and random samples are then drawn from each stratum.” (Sharpe) So in the brief survey, we will need to ask our customers where they are from, what model wader they purchased, and how it was damaged. We will offer the customer a list that they can choose from for each question. This will help us to narrow down the variability of responses.
Example: Where did you damage your Waders?
A. East B. South C. Central D. West
Example: What is causing leaks?
1. Puncture B. Tear C. Busted Seams D. Other
This will give us several different strata we can look at in order to make a better product. Being that Orvis is a g ...
BUS625 Data & Decision Analytics Week 3 Response 1Guided Resp.docx
1. BUS625: Data & Decision Analytics Week 3 Response 1
Guided Response: Your initial response should be a minimum of
300 words in length. Review and respond to two of your peers’
sample selections. Propose an alternative sample choice with
justification, special circumstances, or issues that may need
attention in your peer’s sample. Note that this discussion is
reinforcing the fact that you can get many different samples
from the same population.
Below there are one of my classmate’s discussion that needs I
need to response to their names are Robert Mcalexander
Robert Mcalexander
Good morning everyone,
For this discussion response I will be acting as the new
marketing consultant for Orvis. Orvis is a company that
operates in the outdoor apparel and gear industry. Their major
focus in on high quality fly fishing and upland hunting
supplies. A service that we want to take a harder look at would
be our wader repair program. Waders are one of the most
important tools of anyone who is involved in fly fishing. They
are essentially overall looking covers that protect a user from
getting wet when they are in the water. They come in many
forms and each has a very different application. One of the
problems with waders, is that they are thin and can be prone to
busted seams, punctures, and tears. What we want to do is
somehow extend out all of our warranties for all of waders that
will be coming out in 2020. We want our customers to spend
more time out on the water, and less time worrying about
damaging their gear. We would take care of the shipping,
repair, and replacement of any damaged waders we get back.
Orvis is an industry leader and is constantly needing to
improve. The warranty service will be an online application
and once it is complete, the waders will be shipped back to one
2. of our manufacturing plants. The reason that I am here, is to
create a survey. This will be the first part of the warranty
application, and must be filled out in order to go through with
the process. We need to figure out where, when, how, and why
the waders were damaged. This can give us extremely valuable
data that our research and development team can use in the
future.
In order to do this we would need to use the concept of
stratified random sampling. “A sampling design in which the
population is divided into several homogeneous subpopulations,
or strata, and random samples are then drawn from each
stratum.” (Sharpe) So in the brief survey, we will need to ask
our customers where they are from, what model wader they
purchased, and how it was damaged. We will offer the
customer a list that they can choose from for each question.
This will help us to narrow down the variability of responses.
Example: Where did you damage your Waders?
A. East B. South C. Central D. West
Example: What is causing leaks?
1. Puncture B. Tear C. Busted Seams D. Other
This will give us several different strata we can look at in order
to make a better product. Being that Orvis is a global brand,
this will only be done in the United States in order to make our
sample size a bit smaller. It also helps that we are narrowing
down our customer base by those who have purchased new
waders within the last few months and have then had
complications with the.
The only potential worry, especially at first, would be
undercoverage. The waders themselves can last an extremely
long time if taken care of properly. So the majority of our
customers that buy new waders will not need to repair them. It
could take the team some time before our survey can begin to
gather data.
Sharpe, N. D., De Veaux, R. D., & Velleman, P. F.
(2019). Business statistics (4th ed.). Retrieved
3. from: https://platform.virdocs.com/r/s/0/doc/509177/sp/680466
35/mi/291160884?cfi=%2F4%2F2%5BP70010159890000000000
00000004C79%5D%2F6%5BP7001015989000000000000000004
CB3%5D%2F4%5BP7001015989000000000000000004CB5%5D
%2F98%5BP7001015989000000000000000004CFF%5D%2F2%
2C%2F1%3A0%2C%2F1%3A0&fi=P7001015989000000000000
000004D05
BUSBUS 624 Law & Ethics in the Business Environment Week
3 Response 1
Guided Response: Respond to at least two of your peers’ posts
(as well as any comments made by your instructor) in a
substantive manner and provide information or concepts that
they may not have considered. Each response should have a
minimum of 200 words. Support your position by using
information from the week’s readings. You are encouraged to
post your required replies earlier in the week to promote more
meaningful and interactive discourse in this discussion forum.
Below there are two of my classmate’s discussion that needs I
need to response to their names are James Varughese and
Ijeoma Ibekwe
James Varughese
Do you agree or disagree with Mr. Forbes regarding the
importance of business ethics and the benefits or positive
outcomes that flow from ethical decision making? Explain why
or why not.
I agree with Mr. Forbes that business ethics is important and
ethical decision making has multiple benefits. Mr. Forbes said it
well in simple words, “ethics is right or wrong” it is just “not
what you say but what you do”. Businesses must be fair in their
dealing with their customers, employees, and society in general.
In addition, businesses must demonstrate an emphasis on ethics
4. with their action than mere words or on paper with their mission
statement. Business ethics must be the guiding principle at all
times and in all aspects of the business like Mr. Forbes said: “A
promise made should be a promise kept”. Ethical decisions
demonstrate the values and character of a business organization
which generate trust and reputation for customer and investors
(Hopwood, 2018). Business ethics just not only helps with
building reputation but helps develops good business practices
like treating employees well which improves employee retention
and attracts talent (CharterCollege, 2020). It also keeps
businesses away from legal troubles by having environmentally
friendly practices and following employment regulation
(CharterCollege, 2020).
Provide an example from recent events that either illustrates a
positive outcome or benefit to the business that flowed form
ethical decision making or an example from recent events that
illustrates a negative outcome or detriment to a business that
flowed from unethical decision making.
I want to discuss my current employer Ash Grove Cement
Company as an example to illustrate a positive outcome of
ethical decision making:
· Safety standards: we have a big emphasis on maintaining a
safe working environment for all employees. We have a stop the
job program which empowers every employee to stop any job
for safety concerns or to improve job safety. As an
organization, we mean it when we preach Safety first policy. It
has helped to develop a different attitude in employees towards
safety and our safety program has evolved into an employee-
driven safety program which has improved our incident rates.
· Environmental standards: Ash Grove follows strict
environmental standards and we are governed by EPA
regulations. We have limits on emissions, operators have full
authority to shut the whole plant before violating any emission
limits and they can shut the plant without any approval. We
were recently awarded Energy Star by EPA for efficiently using
5. and saving energy.
· Employee friendly employer: Ash Grove have taken initiative
to make the plant employee-friendly. We are located in
downtown, to help employees with their commute we have
started 4 day work week and flexible hours for all employees.
100% tuition reimbursement is another great program which is
helping employees achieve their personal educational goals.
Reference:
Langvardt, A. W., Barnes, A. J., Prenkert, J. D., McCrory, M.
A., & Perry, J. E. (2019). Business law: The ethical, global, and
e-commerce environment (17th ed.). New York, NY: McGraw-
Hill Education. Retrieved
from https://www.vitalsource.com (Links to an external site.)
CharterCollege. (2020, March 11). chartercollege.edu. Retrieved
from Why Are Good Ethics So Important to
Businesses: https://www.chartercollege.edu/news-hub/why-are-
good-ethics-so-important-businesses (Links to an external site.)
(Links to an external site.) (Links to an external
site.)Hopwood, S. (2018, January 8). SeanHopwood.com.
Retrieved from The Importance of Business
Ethics: http://www.seanhopwood.com/blog/leadership-and-
management/2018/01/the-importance-of-business-ethics-
5107 (Links to an external site.)
Ijeoma Ibekwe
I agree with Mr. Forbes regarding the importance of business
ethics and the benefits or positive outcomes that flow from
ethical decision making. The reason that I agree with Mr.
Forbes is that Ethics in business is very vital because it creates
trust and shows responsibility. For example, as a business
leader if you have great morale ethics and you are truthful in
your dealings with your employees and your customers, they
will go all out for you because they know that they can trust
6. you. No employee wants to have a leader that they cannot trust,
and no stakeholder wants to be involved with a company that is
not trustworthy and cuts corners. As a result, there are great
benefits to having a great morale ethics in business. Those
benefits can be seen in the growth and success of a company.
Costco is an example of a company that had great success as a
result of their ethical decision making regarding the way they
treat their employees. Costco is a large retail company that pays
their employees above the minimum pay for retail workers and
the benefit is seen in their happy employees. Their employees
are happy and well taken care of and it shows in the great
service that the employees deliver to the customers. And hence
the success of Costco as a company.
An example from a recent event that illustrates a negative
outcome or detriment to a business that flowed from unethical
decision making was seen when the CEO /Chairman of Renault-
Nissan-Mitsubishi Alliance was charged “over allegations that
he failed to disclose close to $80 million in additional
compensation for 2010 to 2018 (B.Atkins; 2019). In addition,
according to the article written by Betsy Atkins in “Business
Ethics and Integrity” the compensations were hidden with
deferral schemes as well as personal investment losses he
managed to transfer to Nissan in 2008 (B.Atkins; 2019)
REFERENCE:
B.Atkins; (Feb 7, 2019). Business Ethics and Integrity: It Starts
With The Tone At The Top. Retrieved from:
https://www.forbes.com/sites/betsyatkins/2019/02/07/business-
ethics-and-integrity-it-starts-with-the-tone-at-the-
top/#36ef40f157c6