The annual Salary of an electrical engineer is given in terms of the years of experience by the table below. Find the equation of linear regression for the above data and obtain the expected salary for an engineer with 45 years of experience. Round to the nearest $100.
January 18, 2018
Conducting external secondary research can help support the need for a study when addressing a management problem identified for a marketing research proposal. In this assignment, you will demonstrate your ability to conduct secondary research to inform a proposal for a new product idea.
January 18, 2018

For each strategy, explain the specific pros and cons of using it for your project. The analysis should be based on how each strategy applies to the process you selected and the nature of your selected organization. Do not simply repeat the generic pros/cons from the book.

MT 400 Unit 8 Assignment: Establishing Baselines and Assessing Success

Unit 8 Assignment: Establishing Baselines and Assessing Success
In this Assignment, you are going to evaluate a specific business process based on criteria
detailed below. If you already have selected a business process, continue using that and
skip to the next paragraph. If you have not yet selected the business process you will
use for these Assignments, then begin by selecting one. Email your instructor and clearly
describe the objective of this process, the participants, and the strategic significance for
the company. The business process you select must have a clear beginning and an end,
with identifiable, specific steps. Your instructor will confirm that the process you selected is
suitable or will ask you to select another one.
For this Assignment, write a paper that answers the following questions (use the
subheadings/numbered questions below to organize your paper):
Part 1: Implementation Strategies
Evaluate the suitability of the four implementation strategies discussed in step 2 for your
project.
● For each strategy, explain the specific pros and cons of using it for your project.
The analysis should be based on how each strategy applies to the process you
selected and the nature of your selected organization. Do not simply repeat the
generic pros/cons from the book.
● Select the one you think will work best in your situation. Explain how you would
execute this strategy for your selected process. What would be required for the
success of this strategy when rolling out your revised process?
Part 2: Establishing Baselines
To begin, list three metrics that you think can help you quantify the performance of the
current process. List and define the metrics clearly, explain why each metric is important in
the assessment of the process, and then give an example of the statistic units. For
example, if your metric is “speed of processing,” it may be defined by how quickly each
employee audits a tax form, and the example would be that “on average, you would expect
eight tax forms audited per hour.” If you have already done this in a previous Assignment,
you may copy and paste a summary from that Assignment.
Then, revisit the metrics you selected for your baseline. For each metric, clearly discuss
the following:

1) Describe what the metric is: how is it calculated and used currently?
2) As far as being used as a justifiable project goal, what kind of a change in this
metric would constitute success? How did you arrive at this figure? If this target
change figure is not possible to estimate now, then describe how you would

Kaplan University School of Business
MT 400

Unit 8 Assignment

compute it if you were actually carrying out this project: who would be involved and
where would the data come from?
Part 3: Case Analysis
Read the following case study and answer the questions at the end.
In 2009 it was decided that ABC Tire Company would implement a BPM project with the
following goals:

Decrease the labor cost per tire, and
Increase profit from each tire sold by 5%.

To track the success (or failure) of the project, they determined the following baseline data
for 2009:

Total

of

Tires
Sold

Material
s Cost
Per Tire

Labo
r
Cost
Per
Tire

Avera
ge
Retail
Price
Per
Tire

Average
Profit Per
Tire

22,594

$21.23

$12.67

$119.00

$85.10

After implementing the BPM project, ABC Tire Company reviewed the value of the project
after a year and identified the following information:

Total # of
Tires
Sold

Total
Materials
Cost

Total
Labor
Cost

Average Retail
Price Per Tire

27,669

$533,450.00

$397,555.00

$122.13

Using the data provided above, calculate and fill in the following table (show all your work;
completing the table without the calculations will result in no credit):

Material
s Cost
Per Tire

Labor
Cost
Per
Tire

Averag
e
Profit
Per
Tire

% Increase
or Decrease
in Materials
Cost Per
Tire

% Increase
or
Decrease
in Labor
Cost Per
Tire

%
Increase
or
Decrease
in
Average
Profit Per
Tire

Kaplan University School of Business
MT 400

Unit 8 Assignment

After the table is complete, address the following questions:

  1. Why is it important to ensure that the baseline data is accurate?
  2. Was the project successful? Why or why not?
    Directions for Submitting Your Project
    Compose your Assignment as a Microsoft Word document and save it as UsernameMT400- Assignment-Unit#.docx (Example: TAllen-MT400 Assignment-Unit 8.docx).
    Submit your file by selecting the Unit 8: Assignment Dropbox by the end of Unit 8.
    Grading note: In the grading rubric below, you will see a section on analysis and critical
    thinking. The points in this section will partly be based on your ability to apply the concepts
    discussed in your Assignment to the specific circumstances and details of the
    process/organization you selected. Writing in general terms without applying the concepts
    and analyzing your specific project may get you points for content section, but you will lose
    points in the analysis section.
    Review the grading rubric below before beginning this Activity.
    Assignment grading rubric = 120 points
    Unit 8 Assignment: Establishing Baselines and Assessing Success
    Content, Focus, Use of Text, and
    Research

Points
Possible

Analyzed the pros and cons of all four
implementation strategies with respect to
selected process and justified the best fit.

30

Selected and justified metrics to be used for
establishing a baseline.

20

Calculated the correct values for the table in
question 3.

15

Answered the questions correctly in question
3.

15

Analysis and Critical Thinking
Responses demonstrated critical thinking
and analysis and exhibited application of
information.

20

Points

 

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