Multivariate Techniques Paper Research Example | Topics and Well Written Essays - 1500 words

Multivariate Techniques - Research Paper Example In view of the possible incoherence due to the management restructuring at Company W, retraining of Company W’s top management in key departments such as sales, marketing, and production is vital. In addition, the top management at WidgeCorp needs statistically verifiable conclusions on issues and recommendations resulting from broad management restructuring agenda. The purpose of this paper is to discuss the use of factor analysis as a statistical data analysis technique, highlight some of its real life applications, and demonstrate its applicability to company W. Keywords: Exploratory factor analysis (EFA), Confirmatory factor analysis (CFA) Factor Analysis Introduction Acquisition is a corporate strategy in wide use by organizations that seek to increase their market presence, lower operation costs, or retain profitability in unfavorable economic conditions. One of the major challenges facing mergers and acquisitions, which accounts for many failures associated with the pro cess, is lack of coherence and incompatibility in the management teams of the corporate entities involved. A disconcerting 50% of merger and acquisition deals fail due to a number of factors, one of which is the inability to reconcile the management cultures of the companies involved (Monahan, 2000). Therefore, a successful acquisition does not end with the formalization of the acquisition process, but with retraining and restructuring to ensure retention of harmony in the management structures of the two companies. The integration process is delicate, and needs careful deliberation and planning by the top management so that it does not defeat the purpose of the acquisition. This summary seeks to explain the effects of implementation of factor analysis in Company W. Admittedly, subjective judgment and experience present glaring limitations as decision-making techniques (Monahan, 2000). Despite the proven effectiveness of multivariate statistical analysis techniques such as factor an alysis techniques, WidgeCorp should not undermine the possible benefits that traditional methods used at Company W might offer the new corporate conglomerate. The management should aim to bring the best practices from either side of the management landscape to benefit from the synergies appropriately (Monahan, 2000). The transition to a common management approach should be as smoothly as possible, and should aim to win the cooperation of the employees the changes will affect the most. What is Factor Analysis? Factor analysis is a statistical analysis technique that explains the variation and correlation of variables with the use of uncorrelated, unobserved variables known as factors (DeCoster, 1998). Statistical researchers hail Charles Spearman, a psychologist, as the pioneer in the practical application of factor analysis. Factor analysis is highly applicable to social sciences and in business in areas such as marketing, production, and sales (DeCoster, 1998). The technique is hig hly effective in areas that involve the processing of very large quantities of data. The overriding premise of factor analysis is that factors that have high correlation share the same driving factors and vice versa. Factor analysis assumes two forms: exploratory factor analysis (EFA), and confirmatory factor analy

The Proposition & Gomorrah Term Paper Example | Topics and Well Written Essays - 500 words

The Proposition & Gomorrah - Term Paper Example em miniature, and many filmmakers use aperature flare, an artifact of having a camera, to make CG sequences feel more â€Å"real.† Two films, â€Å"The Proposition† and â€Å"Gomorrah† use color and camera movement to create two vastly different visual styles, which leaves the audience with two very different impressions: â€Å"The Proposition† seems like a storey book, or a distant tableau, whereas â€Å"Gomorrah† creates a sense of immersion. The color palettes of these two films are one of the first thing one notices when comparing them. â€Å"The Proposition† has an incredibly warm color palette, almost seeming to have yellow or orange gels over the camera lens during every single shot. â€Å"Gomorrah,† on the other hand, has a somewhat cooler, grittier, and more realistic color palette. This creates very different impressions for the audience - the color palette in â€Å"The Proposition† reminds readers of the fact that they are watching a film, a story, and creates a tableau for them to enjoy in the distance. The color palette of â€Å"Gomorrah,† on the other hand, creates a sense of being there, of realism, and of immersion. The choice of camera movement has a similar effect in both films. The camera movement in â€Å"The Proposition† is long and careful – things like slow zooms, smooth movements and so on are incredibly common, as are dolly shots. â€Å"Gomorrah,† however, has a more documentary-style camera movement – many of the scenes are shot by hand-held camera or are given the effect of being shot on hand-held camera, with significant bouncing, jostling and so on. This creates the impression that the film maker is actually documenting real things that are happening, rather than painting a story for the viewer’s enjoyment. All of this serves to make â€Å"The Proposition† more like a storybook, and â€Å"Gomorrah† more like a brutal, real world documentary. The audience’s awareness of the artifice of film is a principle object of a director’s