Research and Statistical Method of Business Assignment
Added on 2020-03-16
14 Pages2242 Words135 Views
Research and statistical method of businessByNameStudent’s NumberInstructor’s Name
Executive SummaryThis study sought to analyse and understand some of the determinants of the adoption ofISO9000 and its impact on firm performance. Results showed the industry in which the companyoperates in significantly affects the adoption of ISO 9000 certification. In particular, we foundout that software companies and companies operating in specialized technology services aremore likely to be ISO 9000 certified as compared to companies in other industries. In terms ofimpact, we established that ISO 9000 certified companies have higher profit margins ascompared to the non-ISO 9000 certified companies. In our recommendation we would like toadvise managers together with the board of directors that are not ISO 9000 certified to worktowards ensuring that their companies are ISO 9000 certified. This will help them increase intheir profit margins.
Table of ContentsExecutive Summary.........................................................................................................................2Section 1: Introduction:...................................................................................................................4General Objective:.......................................................................................................................4Specific Objectives......................................................................................................................4Section 2: Literature review.............................................................................................................5Section 3: Methodology...................................................................................................................6Research Design..........................................................................................................................6Data collection.............................................................................................................................6Data analysis................................................................................................................................6Section 4: Analysis and findings.....................................................................................................7Display of certified companies....................................................................................................7Descriptive statistics....................................................................................................................7Inferential statistics......................................................................................................................9Test of association between industry and certification............................................................9Is there significant difference in the company profit for ISO and non-ISO certified companies?............................................................................................................................10Section 5: Discussion and managerial advises..............................................................................12Section 6: Limitations and directions of future research...............................................................12References......................................................................................................................................13
Section 1: Introduction: ISO certification has over the past years been viewed as a managerial tool that targets to achievea better performance at both the plant and firm level by continuously upgrading their techniquesas well as procedures [ CITATION Pek10 \l 1033 ]. This report sought to analyse and find outwhat the determinants of the adoption of ISO9000 are and the impact of ISO9000 on firmperformance. General Objective: The objective of this study is to examine the impact of ISO certification on companies’performance. Specific Objectives More specifically, the study is aimed to achieve the following objectives: To study the impact of ISO 9000 certification on profit of the companies. The outline of the remaining parts of the report are as follows;Section 2: Literature review Section 3: MethodologySection 4: Analysis and findingsSection 5: Discussion and managerial advisesSection 6: Limitations and directions of future researchSection 7: Reference list
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