We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Multivariate Techniques - Research Paper Example

Comments (0) Cite this document
Multivariate Techniques: Factor Analysis Learning Institution Abstract Company W is a recent acquisition of WidgeCorp, a snack food company. Because of the acquisition, WidgeCorp has attained the pole position in the snack food industry. For WidgeCorp to reap the full benefits of the acquisition, it needs to integrate it management techniques with its acquisition, Company W…
Download full paperFile format: .doc, available for editing
Polish This Essay98.8% of users find it useful
Multivariate Techniques Paper
Read TextPreview

Extract of sample
"Multivariate Techniques"

Download file to see previous pages In view of the possible incoherence due to the management restructuring at Company W, retraining of Company W’s top management in key departments such as sales, marketing, and production is vital. In addition, the top management at WidgeCorp needs statistically verifiable conclusions on issues and recommendations resulting from broad management restructuring agenda. The purpose of this paper is to discuss the use of factor analysis as a statistical data analysis technique, highlight some of its real life applications, and demonstrate its applicability to company W. Keywords: Exploratory factor analysis (EFA), Confirmatory factor analysis (CFA) Factor Analysis Introduction Acquisition is a corporate strategy in wide use by organizations that seek to increase their market presence, lower operation costs, or retain profitability in unfavorable economic conditions. One of the major challenges facing mergers and acquisitions, which accounts for many failures associated with the process, is lack of coherence and incompatibility in the management teams of the corporate entities involved. A disconcerting 50% of merger and acquisition deals fail due to a number of factors, one of which is the inability to reconcile the management cultures of the companies involved (Monahan, 2000). Therefore, a successful acquisition does not end with the formalization of the acquisition process, but with retraining and restructuring to ensure retention of harmony in the management structures of the two companies. The integration process is delicate, and needs careful deliberation and planning by the top management so that it does not defeat the purpose of the acquisition. This summary seeks to explain the effects of implementation of factor analysis in Company W. Admittedly, subjective judgment and experience present glaring limitations as decision-making techniques (Monahan, 2000). Despite the proven effectiveness of multivariate statistical analysis techniques such as factor analysis techniques, WidgeCorp should not undermine the possible benefits that traditional methods used at Company W might offer the new corporate conglomerate. The management should aim to bring the best practices from either side of the management landscape to benefit from the synergies appropriately (Monahan, 2000). The transition to a common management approach should be as smoothly as possible, and should aim to win the cooperation of the employees the changes will affect the most. What is Factor Analysis? Factor analysis is a statistical analysis technique that explains the variation and correlation of variables with the use of uncorrelated, unobserved variables known as factors (DeCoster, 1998). Statistical researchers hail Charles Spearman, a psychologist, as the pioneer in the practical application of factor analysis. Factor analysis is highly applicable to social sciences and in business in areas such as marketing, production, and sales (DeCoster, 1998). The technique is highly effective in areas that involve the processing of very large quantities of data. The overriding premise of factor analysis is that factors that have high correlation share the same driving factors and vice versa. Factor analysis assumes two forms: exploratory factor analysis (EFA), and confirmatory factor analy ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Multivariate Techniques Paper Research Example | Topics and Well Written Essays - 1500 words”, n.d.)
Multivariate Techniques Paper Research Example | Topics and Well Written Essays - 1500 words. Retrieved from https://studentshare.org/statistics/1442307-multivariate-techniques
(Multivariate Techniques Paper Research Example | Topics and Well Written Essays - 1500 Words)
Multivariate Techniques Paper Research Example | Topics and Well Written Essays - 1500 Words. https://studentshare.org/statistics/1442307-multivariate-techniques.
“Multivariate Techniques Paper Research Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/statistics/1442307-multivariate-techniques.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Management Techniques
In contrast, modern management techniques consider the overall organization by evaluating organizational, contextual, and human interrelationships in the workplace. Each management approach offers a distinct way of addressing managerial problems. It must be noted that there is no single management method or technique that is applicable to all problems or situations.
10 Pages(2500 words)Research Paper
Multivariate Analysis
This research is conducted in accordance with the requirements of the course. The expected learning outcome is the theoretical knowledge of various multivariate analysis techniques and their practical applications. The real world contains innumerable such scenarios where the processing requires multiple inputs and outputs.
12 Pages(3000 words)Essay
Midterm paper (proposal development)
Beyond its adverse effects on patients’ mortality rates, this infection places enormous costs of healthcare system by increasing the length of time patients must stay in Intensive Care Units. In response to this problem, IHI (2004) created a protocol called the VAP Bundle, which consists of five evidence-based practice interventions, applicable in daily practice for mechanically ventilated patient results in a dramatic reduction in incidence of VAP.
3 Pages(750 words)Research Paper
Projective Techniques
Projection can be seen as a cornerstone of much current management theory. It played an important role in Murray's identification of psychological needs. In turn Murray's work provided the theoretical basis for much early management research such as achievement motivation, competency based models of management and Maslow's Hierarchy of Needs.
6 Pages(1500 words)Research Paper
Marketing techniques/Research paper
Marketing is particularly very important for interior designers who wish to build a strong brand image and make a name for themselves. However, the first step to making this a reality begins by developing a business marketing strategy, which would help the designers rise above their competitors in the market.
6 Pages(1500 words)Research Paper
Stress reduction techniques
According to the National Center for Health and Wellness, there are four main types of stress: eustress, distress, hyperstress and hypostress. Eustress has been called the "good" type of stress. There are three types of "bad" stress: distress, hyperstress and
3 Pages(750 words)Research Paper
Statistics for Counseling and Program Evaluation
lytical in nature; and attempts to make sense of the results of a plethora of studies in order to get a more comprehensive understanding of the dynamics that govern success and failure in making vocational choices, and succeeding at them. Correlation: Correlation is a
3 Pages(750 words)Research Paper
Management Techniques
Managers of the companies spend a considerable amount of time thinking to apply the most effective management techniques to make employees show improved productivity and efficiency. Improved
4 Pages(1000 words)Research Paper
Multivariate and Methodology Critique
There was also the use of regression analysis as well as multicollinearity. The management theory being tested was whether or not there are
2 Pages(500 words)Essay
A scholarly paper designed to demonstrate basic knowledge of the following topic areas: quantitative and qualitative designs and techniques
The first study aims at establishing the influence of leadership style on teacher job satisfaction. For purposes of this study, we will use the article to describe the quantitative methods used; the quantitative design used, and describes the
15 Pages(3750 words)Research Paper
Let us find you another Research Paper on topic Multivariate Techniques Paper for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us