Tanglewood Case 4 1. Tanglewood currently uses previous experience in the fields of education, work experience, and interview score to predict citizenship, absence, and promotion potential. Out of these predictors, education had the best correlation at .14 and a p-value < .01. Education is seen as statistically significant but not practically significant. Work experience was a decent predictor of performance and promotion potential. Work experience had a .16 correlation to performance
Tanglewood stores. Currently the traditional selection method includes the comparison between the following: 1) Education 2) Work Experience 3) Interview Scores And 1) Citizenship 2) Absence 3) Performance 4) Promotion In this case, Tanglewood used education to show it is statistically significant in relation to performance and promotion potential. The practical correlations are not beneficial. Work experience is significant and a good predictor to use in hiring
cut costs and it reduces the amount of time that a truck driver claims and reduces this variation and increases efficiency. Also this keeps track of company resources such as wear and tear on the truck and gasoline. Today the price of gas in nearly 4 dollars and it can be very expensive if it isn’t used properly, so using this system can drastically mitigate the damage done by wasting gas. This is the same for sales persons, and it will help the company validate the travel information submitted by
Case Study 4 1. Contrast eBay’s original business model with its latest proposed business model. When eBay was first launched, it immediately became a popular channel for auctioning collectibles, but it soon expanded into other markets such as automobiles, business and industrial equipment, and consumer electronics, where the average sales price (ASP) is higher. Boosting the ASP was a critical component of increasing sales for eBay; because eBay's transaction fees are based on a percentage of sales
Tanglewood Case 4: Measurement and Validation Here is an analysis of potential new methods of selection for hiring the position of Assistant Store. In a study of 10 stores based in Seattle resulted in a satisfactory sample size of 832 candidates. All stores, including those using the traditional method of selection, collected on work experience, education, and interview notes correlation with the four indicators of success: citizenship, the potential absence, performance and promotion.
accounting estimates of the worst-case scenario. Ford used $200,000 as the cost of a life. This was at the lowest end of values being used by other companies at the time. There is also nothing in Ford’s analysis addressing loss of consumer goodwill. 3. No, Ford should have installed the rubber bladder on all models, not forced the consumer to make an uninformed choice that could cost them their life. Kardell Paper 1. The “Stakeholders” involved within the case of Kardell Paper are ALL parties
Reasoning Module 4 Case Assignment 1. A card is drawn at random from a standard 52-card deck. Find the probability that the card is not a queen. Out of the deck of 52 cards only 4 of them are queens. This only leaves 48 cards. The probability of getting a card other than a queen would be 48/52 2. Two fair dice are rolled. Find the probability that the sum of the two numbers is not greater than or equal to 5. The random variable values are 2,3, and 4 2 =1,1 3=1,2; 2,1 4=1,3; 3,1; 2
Case 4–1: PC Depot* PC Depot was a retail store for personal computers and handheld calculators, selling several national brands in each product line. The store was opened in early September by Barbara Thompson, a young woman previously employed in direct computer sales for a national firm specializing in business computers. Thompson knew the importance of adequate records. One of her first decisions, therefore, was to hire Chris Jarrard, a local accountant, to set up her bookkeeping system.
Katie Pyles MKT 3060 Professor Jensen Case 1-4 1. Describe how some of the trends mentioned in the textbook are affecting Sears. Over time, trends tend to change, as do people. As for Sears, it has continued to operate by the same average products for average prices. Although that was successful for many years, consumers can now afford to visit specialty stores for the specific items they are looking for. Or on the other hand, Wal-Mart, that has taken average product selling to a new level by
What Tanglewood Should Do After analyzing all of the data and selection methods presented, we have picked three predictors that we deem to be the most successful for Tanglewood to make use of when trying to find good candidates. These three are: biodata, extraversion, and conscientiousness. The biodata predictor, created from the Marshfield Customer Service Biodata Questionnaire and Essay, captures questions tailored towards an individual’s significant work and life experiences which could relate