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

Pitfalls - Essay Example

Comments (0) Cite this document
Summary
If proper statistical tools are not chosen that are most suitable for the specific purpose of business under investigation, erroneous conclusions may be reached at. In today’s management sciences, qualitative and quantitative analyses are used in conjunction. Even if there are…
Download full paperFile format: .doc, available for editing
Polish This Essay94.6% of users find it useful
Pitfalls
Read TextPreview

Extract of sample
"Pitfalls"

Download file to see previous pages This primarily happens due to the selection of wrong statistical methods or wrong size of survey population or both. It is highly expensive to select a large survey population and conduct interviews/form fill-ups extensively. So samples are smaller than the target population. However, sophisticated methods like purposive sampling may help, but still it is important to accommodate as many respondents as possible in a given survey population.
2. Making conclusions from non random samples too can prove to be a dangerous tendency. Samples must me random. Suppose, a woolen garment manufacturer conducts a survey only in the colder countries of northern Europe. In this way, they will calculate high demands existing in the global market, if they don’t randomize. In order to randomize, they will have to interview customers in temperate regions (e.g. southern Europe) and arid regions (e.g. Sub Saharan Africa). Then only a realistic view of market demand for woolen garments can be obtained. Hence, randomization is necessary to prevent biasing, especially in the case we need globally applicable inferences.
3. Attaching importance to rare observations is a clever strategy but risky practice. If rare observations are given as much importance as random observations, general behavior of the majority of the target population may be interpreted wrongly. It is a far better idea to mark rare observations as exceptions so that they can be studied separately by the means of statistical segregation in a more controlled business environment.
4. Using poor survey methods is the worse mistake. Survey methods are crucial. For example, when research involves exploration of natural resources, data has to be collected with the help of researchers who have trekking/exploration/fieldwork expertise. In the case of intellectual property research, we would need researchers who can research on databases and patent archives. That will involve extensive Internet/library research expertise. In ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Pitfalls Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Pitfalls Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/statistics/1600898-pitfalls
(Pitfalls Essay Example | Topics and Well Written Essays - 250 Words)
Pitfalls Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/statistics/1600898-pitfalls.
“Pitfalls Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/statistics/1600898-pitfalls.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Benefits and pitfalls of globalization for business
While expanded markets, access to talent and other resources and networking are positives for globalization, uncertainties of government policies, especially under competitive politics, are a threat to global investments. Strategies must factor in both the positives and negatives.
3 Pages(750 words)Essay
How Cloud Services can support Business Intelligence: Pitfalls and Upsides
The cloud computing technology presents a cost effective, efficient and quick computing platform on which BI technology rides to gain insight, reduce cost and enhance speed and quality of business decisions. These are the benefits which this paper seeks to elaborate drawing arguments from various sources.
10 Pages(2500 words)Essay
Decision-Making Pitfalls: The Enron Debacle
A circumstance where group thinking contributed towards the company’s downfall can be exemplified with the demise of Enron. Members associated with the company contributed in certain ways to the downfall. The group thinking contributed to the inability of the management and board of directors to rethink the proposal of Jeff Skilling.
2 Pages(500 words)Essay
Ethical Pitfalls in Negotiation
In simple words, values and ethics stand to be very important in the present business environment. However, there are certain Ethical pitfalls in negotiation. The biggest ethical pitfall in negotiation is bluffing or lying. In case a negotiator is caught lying actively, trust on the person is shaken and the negotiation can come to a halt.
4 Pages(1000 words)Essay
Obstacles and Pitfalls to Success
We not only go there to get our health better but we also expect them to keep our personal information confidential. This in no case should be tolerated. It is the responsibility of the management to keep our information confidential as
2 Pages(500 words)Essay
Obstacles, Barries and Pitfalls that Influenece Staff Morale
?A state of individual psychological well-being based upon a sense of confidence and usefulness and purpose.” If this is not the case in a group or organization, it will need to look out for some obstacles, barriers and pitfalls that are influencing the staff morale in a way
2 Pages(500 words)Essay
M5C Obstacles and Pitfalls to Success
Remarkably, success does not come on a silver platter. Every concerned party must toil and put more efforts with better and effective methods to succeed. As noted, there exist several obstacles and pitfalls in the way of attaining
2 Pages(500 words)Essay
Group Communication Pitfalls
Weaknesses are dealt with easily through group consultations and brainstorming. Group members who understand each other communicate better than those unfamiliar with each other
1 Pages(250 words)Essay
Benefits,Limitations, Pitfalls and Challenges
Moreover, it offers a platform for analyzing internal organization culture through an evaluation of its influence on the performance.
1 Pages(250 words)Essay
Argument "The Pitfalls of plastic surgery
She states “a youthful look is now considered essential for job retention and advancement in high-profile careers.” (Camillie 776). This shows the extent to which human beings have prioritized this surgery in the society.
2 Pages(500 words)Essay
Let us find you another Essay on topic Pitfalls for FREE!
Contact us:
+16312120006
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