Free Essay

Developing a Model

In: Other Topics

Submitted By nae712
Words 1921
Pages 8
Introduction

ThyssenKrupp Ag employs 17,000 employees in 80 countries that are passionate and are experts in developing solution for sustainable progress. The company manages global growth with innovations and technical progress along with using finite resources in a sustainable way. ThyssenKrupp pushes the company to evolve which helps them to meet global challenges of the future with their innovation solutions.
The company’s main activities are the development and marketing of people moving equipments, so they have been invited to submit a proposal for the development and installation of a series of cycle trains for a new airport terminal. These trains will be designed to carry out the same job such as the capacity/load, distance and time frames. The company must take in consideration factors that will affect the efficiency of the train which includes the weight of passengers and their luggage. Data from similar trains located at different airports are put together the amount of time it takes the trains to travel three thousand feet.
The technical department and I are asked to aid in the development of a model to help calculate the length of time it will take for one of the company’s standard trains to travel three thousand feet in an installation.

Part 1

Time 20 22 19 28 30 29 20
Passenger 66 80 60 102 115 100 70
Time 19 21 24 23 28 25 20
Passenger 65 70 85 80 100 96 71
Time 21 26 19 28 30 22 25
Passenger 75 88 60 99 110 88 90
Table 1

The regression equation is
Time = 4.58 + 0.228 Passengers

Above in table 1 is the data collected from the various airports with similar trains along with calculated estimated regression equation which represent the least square line drawn through the scatter plot in fig 1. Figure 1 shows a graph of time versus passengers on a scatter diagram. The slope of the estimated regression is 0.228 positive, implying that as passenger increases, time in creases. We can expect that time will increase by 0.228 per passenger.
We will determine whether how well the estimated equation fits the data which is calculated by finding the total sum of squares, sum of squares due to regression and the sum of squares due to error which is also called the coefficient of determination which provides a measure of the goodness of fitness for the estimated regression equation. Table 2, gives the calculated figures for SST = 299.81, SSR=280.68 and SSE=19.13 and the Coefficient of determination or R2 is calculated to be 93.6%. We can conclude from this figure that 93.6% of the variability in time is explained by the linear relationship between the time it took to transport passengers and the amount of passengers. This indeed is a good fit for the regression equation.
Even though our R2 is large, we must not use the regression equation until further analysis of the appropriateness of the assumed model has been conducted. We will test for the significance of the relationship. But first we must find the standard error of estimate, which is 1.00350, meaning that the standard deviation of the actual point to the line is about 1.00%, (the measure of dispersion). We then calculate the estimate standard of deviation which is sb1 equal to the standard mean of the estimate divided by the sum of x1 minus x bar square. This will give us the figure(0.01363) that's needed to calculate the t-test In this test, the purpose is to see whether or not we can conclude that B1 ≠ 0. If the HO is rejected we will conclude that B1 ≠ 0 and that a statistically significant relationship exists between the two variables. However, if we can’t reject, we will have insufficient evidence to conclude that a significance relationship exits. The test statistic t = 16.69 and must be less than 0.5(2) alpha = 0.1. Since the p-value (0.00) is less than α = 0.1, we reject Ho and conclude that B1 is not equal to zero. This evidence is sufficient to conclude that a significant relationship exists between time and passengers.
The F test will be conducted to test for an overall significant relationship. In table 2, the calculate F test is equal to 278.72 and the Fα = 4.38 (α=0.5). Ho is equal to B1 = 0 and Ha is equal to B1 ≠0. We will reject Ho if the F value is greater than or equal to F alpha. Since the F value is equal to 278.72 and is greater F alpha, we reject Ho and conclude that a significant relationship exists between the time and passengers.

4.38 278.72

Part 2
We’ve realized that during the presentation, we have left out an important element that contributed to weight which was the passenger’s “luggage”, each with two pieces weighing fifty pounds each. At this time we now go back and factor that element into the model. While inputting the data for the passenger luggage, we’ve encounter that the luggage variables is highly correlated with the passenger variables which is automatically removed from the model equation and now left with the original model from the beginning.
As we continue from the previous model, we can see that one of the residual number is greater than two, meaning that there's an outlier. The Residual also represent the distance between the actual y and the regression line.

Recommendation
My recommendation to the Tradier Company would be that it is evident that both the location and method of shipping has been seen to be the problem. With sufficient evidence to confirm that there was an interaction of both the location and the method therefore, the problem is both external and internal. I would recommend that the methods of shipping and packaging should be upgraded and also to use some form of material that cushion the product to help eliminate or cut down the damages of the sensors.

Figure 1 Scatter diagram of Time v Passenger
Regression Analysis: Time versus Passengers

The regression equation is
Time = 4.58 + 0.228 Passengers

Predictor Coef SE Coef T P
Constant 4.582 1.170 3.92 0.001
Passengers 0.22756 0.01363 16.69 0.000

S = 1.00350 R-Sq = 93.6% R-Sq(adj) = 93.3% PRESS = 22.5944 R-Sq(pred) = 92.46% Analysis of Variance
Source DF SS MS F P
Regression 1 280.68 280.68 278.72 0.000
Residual Error 19 19.13 1.01
Total 20 299.81

Table 2 ANOVA Table for Time and passengers
Regression Analysis: Time versus Passengers, Luggage
* Luggage is highly correlated with other X variables
* Luggage has been removed from the equation. The regression equation is Time = 4.58 + 0.228 Passengers
Predictor Coef SE Coef T P
Constant 4.582 1.170 3.92 0.001
Passengers 0.22756 0.01363 16.69 0.000
S = 1.00350 R-Sq = 93.6% R-Sq(adj) = 93.3%
PRESS = 22.5944 R-Sq(pred) = 92.46% Analysis of Variance
Source DF SS MS F P
Regression 1 280.68 280.68 278.72 0.000
Residual Error 19 19.13 1.01
Total 20 299.81 Obs Passengers Time Fit SE Fit Residual St Resid 1 66 20.000 19.601 0.332 0.399 0.42 2 80 22.000 22.787 0.227 -0.787 -0.80 3 60 19.000 18.235 0.397 0.765 0.83 4 102 28.000 27.793 0.326 0.207 0.22 5 115 30.000 30.751 0.472 -0.751 -0.85 6 100 29.000 27.338 0.306 1.662 1.74 7 70 20.000 20.511 0.293 -0.511 -0.53 8 65 19.000 19.373 0.342 -0.373 -0.40 9 70 21.000 20.511 0.293 0.489 0.51 10 85 24.000 23.924 0.219 0.076 0.08 11 80 23.000 22.787 0.227 0.213 0.22 12 100 28.000 27.338 0.306 0.662 0.69 13 96 25.000 26.428 0.271 -1.428 -1.48 14 71 20.000 20.739 0.284 -0.739 -0.77 15 75 21.000 21.649 0.253 -0.649 -0.67 16 88 26.000 24.607 0.225 1.393 1.42 17 60 19.000 18.235 0.397 0.765 0.83 18 99 28.000 27.110 0.297 0.890 0.93 19 110 30.000 29.613 0.413 0.387 0.42 20 88 22.000 24.607 0.225 -2.607 -2.67R 21 90 25.000 25.062 0.232 -0.062 -0.06
R denotes an observation with a large standardized residual.
Table 3
Regression Analysis: Time versus Luggage, Passengers, Time of day

* Passengers is highly correlated with other X variables
* Passengers has been removed from the equation.

The regression equation is
Time = 6.29 + 0.00217 Luggage - 0.502 Time of day

Predictor Coef SE Coef T P
Constant 6.292 2.547 2.47 0.024
Luggage 0.0021719 0.0001942 11.19 0.000
Time of day -0.5017 0.6617 -0.76 0.458

S = 1.01492 R-Sq = 93.8% R-Sq(adj) = 93.1%

PRESS = 26.2906 R-Sq(pred) = 91.23%

Analysis of Variance

Source DF SS MS F P
Regression 2 281.27 140.63 136.53 0.000
Residual Error 18 18.54 1.03
Total 20 299.81

Source DF Seq SS
Luggage 1 280.68
Time of day 1 0.59

Obs Luggage Time Fit SE Fit Residual St Resid 1 6600 20.000 19.623 0.337 0.377 0.39 2 8000 22.000 22.664 0.281 -0.664 -0.68 3 6000 19.000 18.320 0.417 0.680 0.73 4 10200 28.000 27.944 0.385 0.056 0.06 5 11500 30.000 30.767 0.478 -0.767 -0.86 6 10000 29.000 27.509 0.384 1.491 1.59 7 7000 20.000 20.492 0.297 -0.492 -0.51 8 6500 19.000 19.406 0.349 -0.406 -0.43 9 7000 21.000 20.492 0.297 0.508 0.52 10 8500 24.000 23.750 0.320 0.250 0.26 11 8000 23.000 22.664 0.281 0.336 0.34 12 10000 28.000 27.509 0.384 0.491 0.52 13 9600 25.000 26.641 0.393 -1.641 -1.75 14 7100 20.000 20.709 0.290 -0.709 -0.73 15 7500 21.000 21.578 0.272 -0.578 -0.59 16 8800 26.000 24.401 0.354 1.599 1.68 17 6000 19.000 18.320 0.417 0.680 0.73 18 9900 28.000 27.292 0.384 0.708 0.75 19 11000 30.000 29.180 0.709 0.820 1.13 X 20 8800 22.000 24.401 0.354 -2.401 -2.52R 21 9000 25.000 25.337 0.432 -0.337 -0.37

R denotes an observation with a large standardized residual.
X denotes an observation whose X value gives it large leverage.
Table 4

Residual Plots for Time

Figure 2

Similar Documents

Free Essay

China Developing Model

...informaworld.com/smpp/title~content=t713429222 The China Model: can it replace the Western model of modernization? Suisheng Zhao Online publication date: 28 April 2010 To cite this Article Zhao, Suisheng(2010) 'The China Model: can it replace the Western model of modernization?', Journal of Contemporary China, 19: 65, 419 — 436 To link to this Article: DOI: 10.1080/10670561003666061 URL: http://dx.doi.org/10.1080/10670561003666061 PLEASE SCROLL DOWN FOR ARTICLE Full terms and conditions of use: http://www.informaworld.com/terms-and-conditions-of-access.pdf This article may be used for research, teaching and private study purposes. Any substantial or systematic reproduction, re-distribution, re-selling, loan or sub-licensing, systematic supply or distribution in any form to anyone is expressly forbidden. The publisher does not give any warranty express or implied or make any representation that the contents will be complete or accurate or up to date. The accuracy of any instructions, formulae and drug doses should be independently verified with primary sources. The publisher shall not be liable for any loss, actions, claims, proceedings, demand or costs or damages whatsoever or howsoever caused arising directly or indirectly in connection with or arising out of the use of this material. Journal of Contemporary China (2010), 19(65), June, 419–436 The China Model: can it replace the Western model of...

Words: 9892 - Pages: 40

Premium Essay

Developing an Abc Model

...Classic Pen Company : Developing an ABC Model Exhibit 1: Traditional Income Statement | Blue | Black | Red | Purple | Total | Sales | $75,000 | $60,000 | $13,950 | $1,650 | $150,600 | Material Costs | 25,000 | 20,000 | 4,680 | 550 | 50,230 | Direct Labor | 10,000 | 80,000 | 1,800 | 200 | 92,000 | Overhead @300% | 30,000 | 24,000 | 5,400 | 600 | 60,000 | Total Operationg Income | $10,000 | $80,000 | $2,070 | $300 | $20,370 | Return on Sales | 13.3% | 13.3% | 14.8% | 18.2% | 13.50% | Exhibit 2: Direct Cost and Activity Cost Drivers | Blue | Black | Red | Purple | Total | Production Sales Volume | 50,000 | 40,000 | 9,000 | 1,000 | 100,000 | Unit Selling Price | $1.5 | $1.5 | $1.55 | $1.65 | | Material- unit cost | $0.5 | $0.5 | $0.52 | $0.55 | | Direct labor hours/unit | 0.02 | 0.02 | 0.02 | 0.02 | 2,000 | Machine hour/unit | 0.10 | 0.10 | 0.1 | 0.1 | 10,000.00 | Production runs | 50.00 | 50.00 | 38 | 12 | 150.00 | Setup time/run | 4 | 1 | 6 | 4 | | Total setup...

Words: 1042 - Pages: 5

Premium Essay

Model

...Darestani Quality excellence model: A review of researches in Developing countries Wan Khairuzzaman Wan Ismail1, Hassan Darestani2*, Maziar Azimzadeh Irani3 1 2 International Business School (IBS), Universiti Teknologi Malaysia (UTM), Malaysia Faculty of Management and Human Resource Development, Universiti Teknologi Malaysia (UTM), Malaysia, 3 International Business School (IBS), Universiti Teknologi Malaysia (UTM), Malaysia dhassan2@live.utm.my (Received Nov 2011; Published Dec 2011) ABSTRACT There have been fundamental changes in management since 1950, and these changes are still affecting enterprises around the glob. Quality as the main issue of these changes has received special consideration. The European foundation for quality management (EFQM) was established in 1988 in order to achieve quality leadership and continuous improvement. EFQM is a model which is designed for all kinds of organization and with utilizing self assessment as a strategic tool helps companies to identify their weaknesses, strengths and areas of improvement. This paper reviews some of the studies conducted in developing countries about applying EFQM in enterprises with special attention to small and medium-sized enterprise (SMEs). The main purpose of this study is to find whether EFQM model have been successful in building winning and efficient organizations in developing countries. Due to the situation of global market and competitive environment, SMEs in developing countries realized that...

Words: 2420 - Pages: 10

Premium Essay

Pros And Cons Of Free Trade

...Is free trade good or bad for developing countries? Executive summary Free trade is an economic policy that not distinguishing against imports and exports from the jurisdictions. Both seller and buyer that from open economy trades freely without controlling by the local government with applying tariffs and quotas on the goods and services. This paper is to analyse the factors that influence free trade to the developing countries. Within the framework, the research paper shows that tariffs can improve the country’s welfare. Besides, this paper shows that the improvement in country’s terms of trade can improve the country’s welfare. This paper is using one method which is a general equilibrium model whereas two traded outputs and one public consumption output are producing by using two factors of production. Key words: Free trade, developing...

Words: 1645 - Pages: 7

Premium Essay

Porsche Case Study

...hope is to develop a new model that will appeal to both men and women to further attract a higher percentage of females, as well as male buyers new to the brand. Another way Porsche would like to see growth is within their dealer network. In several states, Porsche lost almost 50% of their dealers. The idea is to gain some of that percentage back. The question is, what steps can Porsche take to attract more women to the brand and increase their dealer network to achieve the growth they are seeking. I have I identified two possible solutions. The first solution that I propose would be to develop a hybrid in both the Boxster and the Cayenne. People are becoming increasingly environmentally conscious and are concerned about their carbon footprint. Hybrid cars are becoming increasingly more popular and sought after. There would be several advantages for Porsche if they were to develop a hybrid. The Boxster and the Cayenne are the models that have most appealed to female buyers. Developing a hybrid in these two models would not only attract more women to the brand, it would also succeed in luring more males to the brand. A hybrid would appeal to the demographic of the male buyer who views his car as an escape but feels some guilt at owning the brand. Developing a hybrid would help alleviate some of the guilt the buyer, both male and female may feel about owning a Porsche. Another advantage would be the cost. Due to the fact that the models are already designed and...

Words: 978 - Pages: 4

Premium Essay

Creating a Personal Selling Philosophy

...major promotional methods used in business either by the people employed, by the total expenditures, or by the expenses as a percentage of sales. This paper will discuss developing a personal selling philosophy, selling factors style in a global environment, and examining a fit assessment. Creating a Personal Selling Philosophy Personal selling is the interactive process whereby a buyer and a seller negotiate an exchange process. It is usually, though not necessarily, carried out in a fact-to-face encounter between the parties [ (Blythe, 2009) ]. Personal selling is tailored specifically to respond to the customers’ needs and resolve their problem. Salespeople are encouraged to develop a personal selling philosophy based on the three prescriptions: adopt the marketing concepts, value personal selling and assume the role of a problem solver or partner. Sales trainers and writers have emphasized the problem-solving aspects of selling for many years now: the most successful presentations are those in which the customer does most of the talking (Blythe, 2009). Often times, customers will tell the salesperson exactly how to sell them the product (provided they are allowed to talk), problem-solving is at the core of the activity rather than one-way communication via the salesperson. Personal Selling Models and Methods There are several different approaches in personal selling which include but are not limited to value creation...

Words: 1247 - Pages: 5

Premium Essay

Miss

...concepts, and objectives of growth and economic development | 6 | Lecture and discussions | * LCD projector * Ms Ppoint * OHP * Slaid * White Board * SAS | | 3-4 | 2.0 SIMILARITIES AND DIFFERENCES OF DEVELOPING COUNTRIES 2.1 Classification of developing countries2.2 structural differences and similarities in characteristics2.3 General characteristics2.4 Growth and development 2.4.1 Characteristics of Kuznet’s Growth model 2.4.2 Limitations of Kuznet’s model | Discussing similarities and differences in structure and economic characteristics in the developing world | 6 | Lecture and discussions | * LCD projector * Ms Ppoint * OHP * Slaid * White Board * SAS | | 5-6 | 3.0 CLASSICAL THEORIES OF ECONOMIC DEVELOPMENT3.1 Linear Growth Theories 3.1.1 Rostow’s stages of development Theory 3.1.2 Harrod-Domar Growth Model3.2 Structural Change Model 3.2.1 Lewis theory of development3.3 International Dependence Revolution 3.3.1 Neo-classical dependency Model 3.3.2 False Paradigm Model3.4 The Neoclassical development Approach 3.4.1 Free Market, Public Choice, and Market Friendly.3.5 Contemporary Models of Development 3.5.1 New Growth Theory: Romer’s...

Words: 567 - Pages: 3

Premium Essay

Care Delivery Model

...Patient-Centered Care Delivery Model, a Multidisciplinary Team Approach NR532 Healthcare Operational Planning and Management Patient-Centered Care Delivery Model, a Multidisciplinary Team Approach Increased emphasis from the Institute Of Medicine (IOM) and the Patient Protection and Affordable Care Act (PPACA) on improving quality, safety and reducing care cost has brought forth challenges among hospital executives (Cama, 2009). Nurse executives must develop low cost, innovative and effective ways to deliver patient care. The focus of this manuscript is to develop and implement a care delivery model emphasized in a patient-centered care delivery model using multidisciplinary team approach. Patient-centered Care Delivery Model According to the Institute of Health Improvement (IHI), “patient-centered family care is care through a patient’s experience that is coordinated, informed and grounded in respectful interactions with providers that are consistent with the patient’s values, expectations and care decisions” (Balik, 2011). Evidence-based practice has drastically increased this past decade with one of its cornerstones being “patient-centered care and nursing being at the frontline to lead this change. Professional nurses are prepared to effectively lead the healthcare team to achieve patient and organizational goals. Patients are unique in every facet of their needs and therefor multiple disciplines are critical to best deliver patient-centered outcome (Cama, 2009)...

Words: 1281 - Pages: 6

Premium Essay

Hp Case Study

...Identification In a 3-year period, Hewlett-Packard (HP) brought in $500 million through the use of operations research (Turban, Sharda, Delen. (2011)). HP also generated billions of dollars from customers from around the world. The conglomerate produces thousands of laser printers, enterprise servers and storage products. As a result of the increased number of products that HP supplies, the company also undertakes additional cost associated with these new innovations. For this reason, HP experienced a decrease in revenue due to unplanned operational costs. HP has worked diligently towards meeting and exceeding customer expectations. Unfortunately, managing millions of new products lead to increased cost and inefficiency. HP recognized that its company was providing millions of choices for customer satisfaction without a high return on investment. HP’s marketing and sales departments requested more SKU’s, more features and more configurations to meet consumer interests. However the supply chain managers wanted less complexity and were interested in more predictable order cycle times. HP needed to implement a fact-based, data-driven tool to improve decision making. HP developed a team of individuals internally and externally from consultancies and universities to help with the challenges the company faced. This team developed a process for evaluating new products for introduction, created a tool for prioritizing existing products in a portfolio, and developed an algorithm...

Words: 1705 - Pages: 7

Premium Essay

Social Security for Developing Countries

...SOCIAL SECURITY FOR DEVELOPING NATIONS “If a free society cannot help the many who are poor; it cannot save the few who are rich.” ~ John F. Kennedy, Kennedy’s Inaugural address of 1961. "Social Security. . . reflects some of our deepest values--the duties we owe to our parents, the duties we owe to each other when we’re differently situated in life, the duties we owe to our children and our grandchildren. Indeed, it reflects our determination to move forward across generations and across the income divides in our country, as one America." ~ William J. Clinton INTRODUCTION Social security is a program that uses public funds to provide economic security to the public in case they suffer from a contingency. Usually Germany is known as the first country to have started with this program. It was designed by the German Chancellor, Otto von Bismarck. It was done by him to promote the well-being of workers for an efficient economy. Although social security tends towards socialism, Bismarck was a staunch “right” supporter. In fact, he launched this plan to stave off proposals of radical socialism. The American Civil War also saw some true government relief programmes that could be called as social security programmes. The Civil War Pension Program was signed into law in 1862 and provided funds to American soldiers who were disabled in battle. In 1937, Franklin Roosevelt signed the Social Security Act. In 1950, social security also adjusted it according to the prevalent...

Words: 2022 - Pages: 9

Premium Essay

Curriculum Approaches and Design

...designed based on a particular context. It solely depends upon the elements namely: contemplation of aims, projected learning outcomes, syllabus, learning and teaching methods, and assessment. There are three common patterns to design a curriculum: through subject – centered, experience – centered, and problem – centered. These are incorporated into the curriculum by looking into its possible effects to the certain elements mentioned above. A design that addresses to the conceptual framework of science education of K to 12 Basic Education Program for example is subject – centered. The science curriculum aims to raise awareness among learners through developing a scientific literacy by hands – on, minds – on and heart – on activities with application on the social, health, or environmental aspects as an individual. It also works toward developing and demonstrating scientific attitudes and values....

Words: 3312 - Pages: 14

Premium Essay

Econ

...of the World Market for Mangos and its Importance for Developing Countries1 Jedele, Stefan, Angela Maria Hau, Matthias von Oppen University of Hohenheim, Agricultural Marketing in the Tropics and Subtropics, 70593 Stuttgart, Germany 1 Introduction To date, developing countries are facing massive economic and social problems. One possible way out of this misery seems to be the opening of the economy in order to participate in the gains arising from international trade. By increasing export volume and export revenues, developing countries expect to create a momentum and, thus, the impetus to stimulate the overall economy (Borchert, 2001: 497). 1.1 Problem Statement The importance of trade for the development process cannot be denied and neither can the importance of agriculture for the overall economy. In the 1950s and 1960s, agriculture was predominantly viewed as an exploitation source of production factors for more dynamic sectors of the economy. This opinion has since been heavily rejected. The role of agriculture has been elevated from a sector merely supplying resources to nourish industrialization to a sector of utmost importance, which increases export earnings, improves the employment situation, and raises the level of food security of developing countries (Alexandratos, 1995: 257-258). 1.2 Objectives and Hypothesis This paper deals with the importance of the world trade of agricultural products for developing countries. It examines and analyses the world mango market...

Words: 5039 - Pages: 21

Free Essay

Sec 402 Wk 7 Case Study 2 Developing the Forensics

...SEC 402 WK 7 CASE STUDY 2 DEVELOPING THE FORENSICS To purchase this visit here: http://www.activitymode.com/product/sec-402-wk-7-case-study-2-developing-the-forensics/ Contact us at: SUPPORT@ACTIVITYMODE.COM SEC 402 WK 7 CASE STUDY 2 DEVELOPING THE FORENSICS SEC 402 WK 7 Case Study 2 - Developing the Forensics, Continuity, Incident Management, and Security Training Write a five to seven (5-7) page paper in which you: 1. Consider that Data Security and Policy Assurance methods are important to the overall success of IT and Corporate data security. a. Determine how defined roles of technology, people, and processes are necessary to ensure resource allocation for business continuity. b. Explain how computer security policies and data retention policies help maintain user expectations of levels of business continuity that could be achieved. c. Determine how acceptable use policies, remote access policies, and email policies could help minimize any anti-forensics efforts. Give an example with your response. 2. Suggest at least two (2) models that could be used to ensure business continuity and ensure the integrity of corporate forensic efforts. Describe how these could be implemented. 3. Explain the essentials of defining a digital forensics process and provide two (2) examples on how a forensic recovery and analysis plan could assist in improving the Recovery Time Objective (RTO) as described in the first article. 4. Provide a step-by-step process that could...

Words: 1406 - Pages: 6

Premium Essay

Multiculturaliusm

...DEVELOPING MULTICULTURAL ORGANIZATIONS: A CHANGE MODEL by Evangelina Holvino, Ed.D. Multicultural organization development (MCOD) is a process of change that supports an organization moving from a monocultural – or exclusive – organization to a multicultural – or inclusive, diverse and equitable – organization. The approach requires an initial assessment of where the organization is and a commitment to a vision of where it wants to be in the future. From an analysis of the gap between where the organization is and where it wants to be, specific interventions are then designed to accomplish the identified change goals. The MCOD model, based on earlier work by Jackson and Holvino, provides a useful way for an organization to: 1. frame an initial assessment of where it is on the path to multiculturalism, 2. decide on a vision of multiculturalism it wants, and 3. select appropriate goals and interventions to support its desired vision. THE MULTICULTURAL ORGANIZATION DEVELOPMENT MODEL MONOCULTURAL Exclusionary Committed to the dominance, values and norms of one group. Actively excludes in its mission and practices those who are not members of the dominant group. Passive Club Actively or passively excludes those who are not members of the dominant group. Includes other members only if they “fit” the dominant norm. Values and promotes the dominant perspective of one group, culture or style. TRANSITIONAL MULTICULTURAL Compliance ...

Words: 2549 - Pages: 11

Premium Essay

Theories of Economic Development

...COLLEGE OF MANAGEMENT AND SOCIAL SCIENCES DEPARTMENT OF ECONOMICS DISCUSS THE VARIOUS ECONOMIC GROWTH THEORIES AND DEVELOPMENT THEORIES HOW CAN SUCH THEORIES BE USED IN ECONOMIC DEVELOPMENT IN NIGERIA. COURSE TITLE THEORY OF ECONOMIC DEVELOPMENT COURSE CODE;ECO 2911 INTRODUCTION According to Dennis Goulet in The Cruel Choice, “it matters little how much information we possess about development if we have not grasped its inner meaning”. Development is not purely an economic phenomenon. In an ultimate sense, it must encompass more than the material and financial sides of people’s lives, to expand human freedom. Every nation strives after development. Development and growth should therefore be perceived as a multidimensional process involving the reorganization and reorientation of the entire economic and social systems. The sources of economic progress can be traced to a variety of factors, but by and large, investments that improve the quality of existing physical and human resources, increase the quantity of these same productive resources, and raise the productivity of all or specific resources through invention , innovation and technological progress have been and will continue to be primary factors in stimulating economic growth in any society. ECONOMIC DEVELOPMENT THEORIES Definition of economic development It can be defined as the increase in the standard of living of a nation's population with sustained growth from a simple, low-income economy...

Words: 6595 - Pages: 27