Quantitative Methods and Analysis Essay Example | Topics and Well Written Essays - 1000 words - 1

Quantitative Methods and Analysis - Essay Example It is expected that increase in employee benefits will be positively related with intrinsic, extrinsic and overall job satisfaction. What are the least squares regression line equations for each of the 3 different regressions? The regression line is the basic simple linear regression model: linear in the parameter ?0 (or Y-intercept) and ?1 (Slope); and in the independent variable (Kutner, Nachtsheim and Neter, 2004). Mathematically, simple linear regression is represented as: Y = ?0 + ?1(X) This paper drew data from the AIU data set. Regression analysis was carried out by excel. Three regression lines were obtained by using benefit as an independent variable and intrinsic, extrinsic and overall job satisfaction as dependent variables. Following results were obtained. Regression Line 1: Intrinsic Job Satisfaction = 4.61781924 + 0.034(Benefits) Regression Line 2: Extrinsic Job Satisfaction = 5.411102 - -0.058 (Benefits) Regression Line 3: Overall Job Satisfaction = 4.934424 + 0.006301 (Benefits) What are the slopes and the y-intercepts? ‘ Regression Line 1: Â   Coefficients Intercept 4.61781924 Slope 0.033893373 Regression Line 2: Â   Coefficients Intercept 5.411102 Slope -0.058 Regression Line 3: Â   Coefficients Intercept 4.934424 Slope 0.006301 What are the R-squared values for the 3 different regressions? Regression Line 1: Regression Statistics R Square 0.001964739 Regression Line 2: Regression Statistics R Square 0.011193 Regression Line 3: Regression Statistics R Square 0.000174 Similarities, differences and strength of correlation The results obtained by the regression analyses revealed both positive and negative slope values showing positive and negative relationships between the dependent and the independent variables. The first and third regression lines have a positive slope which shows that employee benefits are positively related with intrinsic and overall job satisfaction. However, small values of R-square show a weak relationship between these variables. The second regression model shows negative correlation between benefits and extrinsic job satisfaction. The strength of this relationship as measured by R square was highest and therefore the correlation between these two variables was high (Stuart, 1998) Conclusion The purpose of this paper was to examine the relationship between employee benefits and job satisfaction. It was asserted that increase in employee benefits would be positively related with intrinsic, extrinsic and overall job satisfaction. However, the results of this study weren’t consistent with this assertion. Overall, the results of this study show that the employee benefits can be used to predict employee satisfaction. According to the results employee benefits were positively related with intrinsic and overall job satisfaction. Furthermore, there was negative relationship between benefits and extrinsic job satisfaction. The strength of this relationship as measured by R square was highest a nd therefore the correlation between these two variables was high. References Kutner, M. H.. Nachtsheim, C. J and Neter J. (2004), Applied Linear Regression Models, 4th ed., McGraw-Hill/Irwin, Boston Locke, E. A. (1976). Nature and causes of job satisfaction. In M.D. Dunnette, (Ed.), Handbook of industrial and or Organizational psychology, 1297-1349. Chicago. Schneider, B., Gunnarson, S. K.,& Wheeler, J.K. (1992). The role of opportunity in the conceptualization

To what extent do risk , rewards and motives contribute towards an Essay

To what extent do risk , rewards and motives contribute towards an entrepreneurs goals - Essay Example In other words, he is considered to have been a key figure in the entertainment and computer industry. He is largely accredited as the inventor of the iPod, Macintosh, the iPhone and the iTunes store amongst numerous others (Entrepreneur Staff, n.d.). His participation in modern- day business has contributed largely to the understanding that the design of a product plays an important role in its public appeal. This essay gives a discussion of the important lessons than can be learnt by entrepreneurs from Steve Jobs. Motivating factors for Entrepreneurs Entrepreneurship Innovation Theory The entrepreneurship theory of innovation by Joseph Schumpeter is used to explain the factors motivating entrepreneurs within an economy. The theory describes an entrepreneur as an individual who is creative, innovative and has a positive vision towards the future. Innovation occurs when an individual introduces a new product, new production method, a new entity in a given industry or discovers a new supply of raw materials (Kuratko, 2012: 122). The theory pays attention to innovation and disregards the risk taking capabilities of an entrepreneur. This model is based on a large-scale entrepreneur who is found in a developed economy. It ignores the small-scale entrepreneurs in developing economies as they imitate innovations in fast-paced economies rather than come up with new innovations. Basing on this theory is clear that Steve job was a creator and an innovator who came up with some of the most amazing innovations in the computer and entertainment industries. He was the inventor of the iPhone, iPod, the iTunes store, the Macintosh and finally, the iCloud in June 2011 before his death (Entrepreneur Staff, n.d.). Steve Jobs continuously came up with new products in the world of technology showing that an entrepreneur is one who comes up with groundbreaking innovations in a given industry. His is motivated by the drive to make things better in a particular industry. Theory of Hi gh Achievement/Theory of  Achievement Motivation McCelland’s theory of motivation stated that entrepreneurs are characterised by their ability to do things in a better way and ability to make decisions under uncertainty. The theory states that entrepreneurs have a higher achievement orientation. These people are not motivated by external factors or money (Kuratko, 2012:122). Profit is considered the best measure for competency and success. Steve Jobs had always managed to do things in a better an innovative way and wherever he worked, he succeeded in all his undertakings. He had co- founded Apple in his parents garage in 1976 but later left the company. He returned in 1997 when the company was on the verge of bankruptcy. As an entrepreneur, Steve Jobs has always been able to generate profits in all his engagements. For instance, his Apple to innovation in collaboration with Wozniak resulted to sales of over $200 million two years after its innovation. He made the first comp uter animated film ‘Toy Story’ that fuelled his success. He took up a job at Pixar and his 80 percent share was valued at $1 billion (Entrepreneur Staff, n.d.). As earlier stated, Apple’s loss in March 1997 was $708 million. Steve Jobs took over the position as the interim CEO. He entered into a partnership with Microsoft. The company recovered by the end of 1998 and its sales had soared to