I\'m studying at Henkel my position is internship at finance.My problem is inter
ID: 424331 • Letter: I
Question
I'm studying at Henkel my position is internship at finance.My problem is internship book question.Please read the question.
You must present an idea of yours about a desired improvement in the effective planning and control of any specific process within the organization. You must present a clear problem description, together with valid data and visual evidences about the existence of the problem in the organization. (HR management, financial management, supply chain management, quality management, innovation management etc.)
You must also present the expected contributions of your design project idea to the firm. Provide an appropriate model for the problem, develop solution alternatives, and propose a solution for the problem. Present qualitative and/or quantitative techniques that you employed. The purpose of this section is to prepare you for the design project course that you might possibly consider taking in your last semester.
Explanation / Answer
A problem can be described as a definite and clear expression about an area of concern which indeed requires a condition of improvement. Furthermore it can be referred to avoidable constraints and restrictions which indeed can be effectively eliminated after gaining a meaningful understanding and conducting planned investigation which in fact can facilitate effective planning and control of specific process indulged in an organization.
Qualitative technique also primarily referred as exploratory research which is normally used to gain an understanding of underlying reasons, opinions and motivations. It facilitates to provide a thorough insight into the problem and accordingly facilitates to develop potential ideas and hypothesis which indeed can facilitate probable problem solutions.
Furthermore data collection method in qualitative technique varies as generally comprises of unstructured or semi-structured techniques for instance includes group discussions, individual interviews, participation and observations. The sample size involved is normally small as respondents selected normally do represent the desired group of problem areas.
Quantitative technique is used to quantify the problem by way of generating numerical data which indeed can facilitate to transform into valuable statistics. It is used to quantify attitudes, opinions, behaviors and other defined variables and then generalize the results from a larger sample population. Furthermore it uses measurable data to formulate facts and reveal patterns in research.
Data collection methods in quantitative techniques are indeed considered to be much more structured as it includes various kinds of surveys such as online, face-to-face interviews, telephonic questionnaires, online polls, longitudinal studies and systematic observations.