Category: Business & Finance > Management

  • [Solved] bodies and memories

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    _**Sometimes people try to destroy you, precisely because they recognize your power- not because they don't see it, but because they see it and they don't want it to exist.**_ **- bell hooks** – For each module: Start a thread of 3 sentences \ WomenWarriors-BodiesandMemoriesofAfro-LatinaIdentities…

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    Assignment Prompt & Instructions

    _**Sometimes people try to destroy you, precisely because they recognize your power- not because they don't see it, but because they see it and they don't want it to exist.**_ **- bell hooks**
    – For each module: Start a thread of 3 sentences
    \
    WomenWarriors-BodiesandMemoriesofAfro-LatinaIdentities.pdf](https://www.sweetstudy.com/files/womenwarriors-bodiesandmemoriesofafro-latinaidentities-pdf-10363853 "WomenWarriors-BodiesandMemoriesofAfro-LatinaIdentities.pdf")

  • [Solved] Week 10 Discussion Response- Managing People and Promoting Collab

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    Executive Solution Overview

    **Colleague 1** Taryn Casillo, One of the most difficult work-related decisions I have faced involved the handling of a disciplinary issue with a well-liked but underperforming team member. I was a supervisor at a community-based organization that provided support services for youth and families. On…

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    **Colleague 1**
    Taryn Casillo,
    One of the most difficult work-related decisions I have faced involved the handling of a disciplinary issue with a well-liked but underperforming team member. I was a supervisor at a community-based organization that provided support services for youth and families. One of my case managers consistently missed documentation deadlines, despite repeated reminders and coaching. While their report with clients was excellent and they were known for going the extra mile in the field, their delays in entering case notes and progress reports put the agency’s compliance with funding requirements at risk. As a manager, I had to decide whether to initiate formal disciplinary action or continue informal coaching in hopes of improvement.
    The decision was not clear-cut. On one hand, enforcing accountability and protecting the organization’s integrity were essential. On the other hand, this employee’s strengths and community relationships were valuable, and I worried that disciplinary action might damage morale and client trust. I was also aware of external stressors in the employee’s life, including caregiving responsibilities for a parent, which complicated the situation further.
    To make my decision, I relied on three key sources: the agency’s employee handbook, which outlined progressive discipline procedures; the organization’s core values, which emphasized compassion and accountability; and my own ethical code, which stresses fairness, transparency, and respect. I chose to issue a formal written warning, with a clear improvement plan and support measures, including adjusted caseload and flexible time for documentation. I explained my decision in a one-on-one meeting, focusing on the shared goal of protecting client services and the employee’s future with the agency.
    Reflecting on this decision now, and considering the ethical leadership resources provided this week, I believe I made the right choice but would enhance my approach if faced with a similar situation again. Kouchaki and Smith (2020) emphasize the importance of building moral awareness and courage—qualities I drew upon when addressing a popular employee’s performance without bias. However, if I had the opportunity again, I would engage a peer supervisor or HR partner earlier in the process to gain a broader perspective and reduce the emotional weight of the decision.
    According to the _Ethics Defined_ video (McCombs School of Business, 2018), ethics involve “deciding what is right” rather than what is easy or popular. Additionally, Seidman (2017) highlights “truth, transparency, responsibility, and purpose” as the four pillars of moral leadership. I now understand that integrating these principles proactively—rather than reactively—can prevent tough situations from escalating. As a result, I plan to cultivate clearer expectations, provide more consistent feedback, and lead with both empathy and structure in the future.
    In conclusion, this experience reminded me that ethical leadership requires balance: compassion and accountability, between individual needs and organizational goals. It’s not always comfortable, but with strong values and a clear process, ethical decisions can become leadership moments that strengthen both the team and the mission.
    **References**
    Kouchaki, M., & Smith, I. H. (2020). Building an ethical career. _Harvard Business Review_, 98(1), 135–139.
    McCombs School of Business. (2018, December 18). _Ethics defined: Ethics_ [Video]. YouTube. [https://www.youtube.com/watch?v=4vWXpzlL7Mo](https://www.youtube.com/watch?v=4vWXpzlL7Mo)
    [Links to an external site.](https://www.youtube.com/watch?v=4vWXpzlL7Mo) ![A black and grey play button AI-generated content may be incorrect.](https://www.sweetstudy.com/questions/week-10-discussion-response-managing-people-and-promoting-collab)Seidman, D. (2017). The four pillars of moral leadership. _Fortune, 176_(4), 90–92.
    **Colleague 2**
    Alexis Rubin,
    When I was working as a project coordinator in a previous role, I had to make an uncomfortable decision on whether to comply with a request made by my manager to reassign people working on a current project to a new project with a better profile. Although the reassignment might have brought some credit to the group and might have enabled our department to maintain its image amongst the top management, it had the potential to set back the initial project and lost credibility to us in the eyes of a retained customer. It was complex ethically because there was no definite right answer among the options that were given.
    In making my decision, I applied two of my values as well as the company code of conduct, that is, qualities of integrity and accountability. Ethical leadership implies that it is crucial always to consider core values when making decisions instead of short-term benefits, as Kouchaki and Smith (2020) explain. I also used the competing values framework by Quinn et al. (2021), which focuses on the balance between results and long-term relationships. Consulting our client-facing policies, as well as involving the affected team members, I offered to implement a partial reassignment plan that would enable the new project to go live despite retaining the team members sufficiently to achieve the current deadlines.
    In the event of the same scenario today, I would be different in approach, but much to do with transparent communication. Kuligowski (2020) points out that ethical leaders actively engage the stakeholders to reduce the risks of misunderstandings and to establish trust. The decision would also be formalized in a way to present the organizational values as affecting the decision-making process, since it would also be clear and accountable. This experience confirmed once again that strategic thinking alone is not sufficient to make tough decisions that need an ethical commitment. Establishing integrity as the baseline to build on, and consultations with fellow team members, managers will be able to manage competing priorities and offer trust without compromising professional credibility.
    **References**
    Kouchaki, M., & Smith, I. H. (2020). Building an ethical career. _Harvard Business Review, 98_(1), 135–139.
    Kuligowski, K. (2023, October 23). _How to be an ethical Leader: 10 tips for success_. Business News Daily. [https://www.businessnewsdaily.com/5537-how-to-be-ethical-leader.htmlLinks to an external site.](https://www.businessnewsdaily.com/5537-how-to-be-ethical-leader.html)
    Quinn, R. E., Bright, D. S., & Sturm, R. E. (2021). _Becoming a master manager: A competing values approach_ (7th ed.). Wiley.

  • [Solved] Corporate Social Responsibility in Practice

    ✓ Verified Academic Solution Available

    Executive Solution Overview

    Look into the attached and also i attached the mid terms assignment for references – ## RKC_Grade_Report_-_RKC-5004_-_Interim_Assignment_P1055195.pdf – ## CRKC5002Assessment__11.docx – CSR.pptx – Appendix-3c.pdf **## RKC_Grade_Report_-_RKC-5004_-_Interim_Assignment_P1055195.pdf** A…

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    Look into the attached  and also i attached the mid terms assignment for references

    – ## RKC_Grade_Report_-_RKC-5004_-_Interim_Assignment_P1055195.pdf

    – ## CRKC5002Assessment__11.docx

    – CSR.pptx
    – Appendix-3c.pdf

    **## RKC_Grade_Report_-_RKC-5004_-_Interim_Assignment_P1055195.pdf**

    ABDULAZIZ ALRASHIDI GRADE REPORT (#479810)

    Corporate Social Responsibility in Practice – Interim

    Assignment

    Your Assignment

    CRKC5004 – Corporate Social Responsibility in Practice

    Your Interim Assignment – Note this is only feedback: this assignment DOES NOT carry a

    mark

    What you have done well:

    • The paper was presented appropriately

    • You covered most of the questions

    • You have given definitions of sustainability

    • You have provided a context for your discussion

    • You have supported arguments with reference to theory

    • There is a list of references that have been cited in the text

    What you could improve: –

    • This is a thoughtful and well presented response, and I don't see a lot more that

    you could do within the word limit, but do watch the spelling and the English in order to

    maintain the confidence of the reader

    Don’t forget that to complete the assignment you need to comment on other submissions.

    Sustainable Development in Saudi Arabia’s Esports and Gaming Industry

    Working Definition of Sustainability

    To me, sustainability in the context of esports and gaming means creating a digital

    entertainment ecosystem that can thrive long-term by balancing economic growth,

    cultural relevance, and community well-being. I arrived at this view by examining how

    global sustainability principles — such as the UN Sustainable Development Goals (SDGs) —

    can be adapted to a rapidly growing digital sector, especially in a country like Saudi

    Arabia, where national strategies (like Vision 2030) aim to diversify the economy and

    empower youth.

    In esports, sustainability goes beyond environmental considerations. It includes equitable

    access to technology and opportunities, long-term talent development, gender inclusion,

    infrastructure investment, and ethical digital engagement. These elements form the

    foundation for a vibrant, future-proof industry.

    Supporting Ideas with References

    Saudi Arabia’s efforts in the esports and gaming space reflect a deep commitment to

    sustainable development. The Saudi Esports Federation (SEF), launched in 2017, has been

    central in fostering an ecosystem that promotes professional growth, international

    collaboration, and youth engagement. One example is the SEF Arena, opened in Riyadh,

    the largest gaming venue of its kind globally, providing not only infrastructure but also

    community-driven, long-term platforms for talent and innovation (Saudi Arabia Breaking

    News, 2025).

    Similarly, the Esports World Cup Foundation (EWCF)’s Club Support Program shows a

    model of financial and competitive sustainability. It offers up to $1 million in funding to

    top-tier esports clubs to help them expand, compete globally, and engage fans in more

    meaningful ways. This initiative reflects how institutional support can ensure industry

    resilience and global positioning (Esports World Cup, 2025).

    From an economic sustainability standpoint, Savvy Games Group, a Public Investment

    Fund subsidiary, has committed over $38 billion in global gaming investments. These

    include studio acquisitions, partnerships, and local development, with a strong focus on

    creating jobs, intellectual property, and economic diversification (AGBI, 2025). This

    approach blends national development goals with global gaming growth, ensuring long-

    term return and industry vitality.

    Contextual Understanding

    This discussion is set within the socio-economic and cultural transformation of Saudi

    Arabia, where over 60% of the population is under 30. The government’s Vision 2030 is

    actively reshaping the economy away from oil dependency and toward tech, tourism, and

    entertainment. Esports is a strategic pillar of this change. It aligns with local culture —

    where digital gaming is immensely popular — while also introducing global

    competitiveness and professionalism.

    Personal Reflection and Future Actions

    Understanding how Saudi Arabia is embedding sustainability in its gaming and esports

    development motivates me to be more conscious of my own role. As a student and

    potential future professional in this sector, I aim to:

    – Promote digital inclusion by supporting grassroots gaming communities.

    – Advocate for ethical and inclusive content creation.

    – Engage in research or volunteer opportunities within SEF or Savvy to contribute to their

    mission.

    Ultimately, I see esports not just as entertainment, but as a tool for sustainable national

    development, and I intend to be part of shaping that future responsibly.

    References

    AGBI, 2025. Savvy Games Group Overview. [online] Available at:

    https://www.agbi.com/companies/savvy-games-group/

    Esports World Cup, 2025. Club Partner Program Announcement. [online] Available at:

    https://esportsworldcup.com/en/news/ewcf-club-partner-program-2025

    Saudi Arabia Breaking News, 2025. Saudi Esports Federation Launches SEF Arena: The

    World’s Largest Gaming and Esports Zone. [online] Available at: https://www.saudiarabia

    breakingnews.com/post/saudi-esports-federation-launches-sef-arena-the-world-s-largest-

    gaming-and-esports-zone

    Powered by TCPDF (www.tcpdf.org)

    [http://www.tcpdf.org](http://www.tcpdf.org/)

    **## CRKC5002Assessment__11.docx**

    CRKC5002 Responsibility, Ethics and Sustainability in Practice

    Interim Assignment and Final Assessment

    University of Cumbria and Robert Kennedy College

    **General Instructions – Please read carefully**

    You are required to complete the assessment outlined below and submit your completed final document through the RKC Online Campus by the end of Unit 6. Your grade will be based 100% on this final document, to which you will also receive written feedback.

    In addition, by the end of Unit 3 you must upload a paper that will consolidate your learning from the first three units and prepare you for the final assessment (see
    _Interim Assignment_, on the final page of this document). This paper will not be graded, but it is an important way of monitoring your progress and preparing you for the final assessment.

    Your paper must have a clear structure and include:

    · Cover page (an example is available to you in Induction/Unit 4)

    · Table of contents (Table of tables/figures if necessary)

    · A declaration of authenticity – confirming that you are the sole author of the assessment and that you have acknowledged all of your sources

    · List of References cited in the text – you must use in-text citations to support your information and arguments and any work cited must appear in the References list at the end of the work. You are required to use the Harvard system for this.

    You should read the criteria for assessment section below carefully to ensure that within your assessment you have addressed all of the issues for which marks are available.

    Your word count, excluding cover page, abstract, table of contents and reference list
    **no more than 3000 words in total.** UoC have strict regulations regarding word limits – the penalties for exceeding them are set out in section 3
    [HERE](https://www.cumbria.ac.uk/media/university-of-cumbria-website/content-assets/public/aqs/documents/academicregulations/Appendix-3c.pdf)

    You must submit your work by 11.59 CET (Zurich) time on the last day of the module. UoC have strict regulations for submission of work, and the penalties for late submission are set out in section 2 of the link above.

    **Submissions for the final assessment should be machine readable and in MS-Word readable formats only please don’t use pdf or other formats. submit only one file, and include any Excel analysis as images, not embedded files**

    Please ask any questions about the interim assignment and final assessment in the Forum.

    **Final Assessment**

    The assessment in the module is by a portfolio, in which you submit various elements of your work through the course of the module, to help you provide a complete picture of your development and achievement.

    Your portfolio should include:

    · An analysis of the nature of sustainability and its importance to global economy, social wellbeing, and the environment of the planet.

    (about 750 words)

    · A review and evaluation of the role of stakeholders who influence the actions of businesses – you may choose more than one context to illustrate particular points

    (about 500 words)

    · A discussion and analysis of the role of ethics and morals in modern business practice – you may choose specific contexts to illustrate particular points

    (about 500 words)

    · USING CASE STUDIES OF YOUR CHOICE, an analysis and comparison of the issues faced and the actions taken by AT LEAST TWO businesses or organisations

    (about 1250 words)

    Apply as many of the concepts covered in this module as you can.

    The number of words suggested are for guidance only – the important issue is that you do not exceed the overall word limit – but you should bear in mind that you need to address ALL of the criteria listed below within this word limit, and that those criteria DO NOT perfectly match the tasks for your assignment. Failure to address criteria will mean no marks can be awarded for that element of the assessment.

    **Criteria for assessment:**

    | | | | | | |
    | — | — | — | — | — | — |
    | **Criteria** | **First >70%** | **2:i 60-69%** | **2:ii 50-59%** | **Pass 40- 49%** | **Fail < 40%** |
    | Analyse key contemporary sustainability, responsibility, and ethical issues faced by businesses and other organisations<br>**25% of Marks** | Full and critical assessment of a full range of relevant issues in clearly defined and appropriate contexts | Good critical assessment of a good range of relevant issues in appropriate contexts | Competent assessment of most important issues in appropriate context | Clear understanding, but limited assessment an of issues with limited application to appropriate context | Little or no understanding or assessment of issues and/or failure to apply to appropriate context |
    | Investigate a range of sustainability and responsibility challenges and dilemmas experienced by business and other organisations<br>**20% of Marks** | Sophisticated reflection on the impact of the demands of CSR and ethical issues faced by businesses and other organisations | Appropriate reflection on the impact of the demands of CSR and ethical issues faced by businesses and other organisations | An understanding of and some reflection on the impact of the demands of CSR and ethical issues faced by businesses and other organisations | Limited reflection on and/or limited understanding of the impact of the demands of CSR and ethical issues faced by businesses and other organisation. | Little or no reflection on and/or complete lack of understanding of the impact of the demands of CSR and ethical issues faced by businesses and other organisation |
    | Analyse ethical theories and practice (deontology, consequentialism, virtue etc.)<br>**20% of Marks** | Full and sophisticated analysis of ethical theories and practice in appropriate context(s0 | Sound and detailed evaluation of ethical theories and practice in = appropriate context(s) | Appropriate evaluation of ethical theories and practice in appropriate context(s) | Limited evaluation of the use of ethical theories and practice in justifiable context(s) | Little or no evaluation of the use of ethical theories and practice and/or application to inappropriate context(s) |
    | Compare the complexities comprising organisational cases in the field of sustainability, responsibility and ethics<br>**25% of Marks** | Full and sophisticated analysis of the ways <br>in which the chosen organizations are addressing issues of sustainability, responsibility and ethics | Full analysis of the ways <br>in which the chosen organizations are addressing issues of sustainability, responsibility and ethics | Adequate analysis of the ways <br>in which the chosen organizations are addressing issues of sustainability, responsibility and ethics | Limited analysis of the ways <br>in which the chosen organizations are addressing issues of sustainability, responsibility and ethics that demonstrates understanding of the main issues | Little or no analysis of the ways <br>in which the chosen organizations are addressing issues of sustainability, responsibility and ethics and/or little understanding of the issues involved |
    | Present a paper using language, referencing and presentation that maintains the confidence of the reader in your academic credibility<br>**10% of Marks** | Fully and appropriately referenced, well presented. Excellent use of language.<br>Meets all academic conventions.<br>Bibliography accurate. | Very good referencing, well presented and clear use of language and sound use of academic conventions.<br>Bibliography some minor errors | Generally well referenced, well presented and clear use of language but with some errors in academic conventions.<br>Bibliography<br>Some errors and omissions | Inadequately presented with inconsistent academic conventions. Poor use of language.<br>Bibliography major errors and omissions | Little referenced work, poorly presented and very unclear language with serious errors.<br>Does not meet academic conventions.<br>Bibliography very poor, inaccurate, incomplete or not |
    | | | | | | |

    **SCROLL TO NEXT PAGE FOR INTERIM ASSIGNMENT**

    | |
    | — |
    | **INTERIM ASSIGNMENT**<br>The Interim, formative assignment will consist of an individual submission of about 500 words in the Class Forum (initially visible only to you and the tutor); this is not graded, and can be amended subsequently to form part of your final assessment. <br>After you have submitted your formative assignment you will be able to see other students’ submissions, and you are expected to make general critical comments (of both a positive and negative nature) throughout the forum discussions. The tutor will also give general feedback on these postings, and by participating in the asynchronous class forums you can gather continuous feedback that can be directly applied to your summative assessment.<br>For this formative assignment you are required to write about 500 words on YOUR understanding of the meaning of sustainable development in the context of your choice. This can be at any scale – from the global to the individual – and in any context. <br>The assignment must be submitted no later than 11.59 CET (Zurich) time on the last day of module 3<br>In these 500 words you should<br>· Provide YOUR working definition of sustainability – with an explanation of how you have reached this view<br>· Support the information you give and the ideas you use by references to appropriate sources<br>· Make clear the context of your discussion (in terms of country, culture, economic development, scale – as appropriate)<br>· Conclude with how YOU, in the light of your discussion, intent behaving in future.<br>It goes without saying that this must be your own work, due attention must be given to referencing the sources of your ideas and information – and remember that copying large sections of a source is NOT acceptable, even if you acknowledge its source. Refer to the University resource <br>[HERE](https://my.cumbria.ac.uk/Student-Life/Learning/Skills-Cumbria/Referencing-and-Avoiding-Plagiarism/) if you are in any doubt. <br> <br>NOT |

    ![](https://www.sweetstudy.com/questions/corporate-social-responsibility-in-practice)![](https://www.sweetstudy.com/questions/corporate-social-responsibility-in-practice)

    ## image1.png

    ## image2.png

    **CSR.pptx**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/csr-pptx-10360655)

    **Appendix-3c.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/appendix-3c-pdf)

    **Appendix-3c.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/appendix-3c-pdf)

    **## RKC_Grade_Report_-_RKC-5004_-_Interim_Assignment_P1055195.pdf**

    ABDULAZIZ ALRASHIDI GRADE REPORT (#479810)

    Corporate Social Responsibility in Practice – Interim

    Assignment

    Your Assignment

    CRKC5004 – Corporate Social Responsibility in Practice

    Your Interim Assignment – Note this is only feedback: this assignment DOES NOT carry a

    mark

    What you have done well:

    • The paper was presented appropriately

    • You covered most of the questions

    • You have given definitions of sustainability

    • You have provided a context for your discussion

    • You have supported arguments with reference to theory

    • There is a list of references that have been cited in the text

    What you could improve: –

    • This is a thoughtful and well presented response, and I don't see a lot more that

    you could do within the word limit, but do watch the spelling and the English in order to

    maintain the confidence of the reader

    Don’t forget that to complete the assignment you need to comment on other submissions.

    Sustainable Development in Saudi Arabia’s Esports and Gaming Industry

    Working Definition of Sustainability

    To me, sustainability in the context of esports and gaming means creating a digital

    entertainment ecosystem that can thrive long-term by balancing economic growth,

    cultural relevance, and community well-being. I arrived at this view by examining how

    global sustainability principles — such as the UN Sustainable Development Goals (SDGs) —

    can be adapted to a rapidly growing digital sector, especially in a country like Saudi

    Arabia, where national strategies (like Vision 2030) aim to diversify the economy and

    empower youth.

    In esports, sustainability goes beyond environmental considerations. It includes equitable

    access to technology and opportunities, long-term talent development, gender inclusion,

    infrastructure investment, and ethical digital engagement. These elements form the

    foundation for a vibrant, future-proof industry.

    Supporting Ideas with References

    Saudi Arabia’s efforts in the esports and gaming space reflect a deep commitment to

    sustainable development. The Saudi Esports Federation (SEF), launched in 2017, has been

    central in fostering an ecosystem that promotes professional growth, international

    collaboration, and youth engagement. One example is the SEF Arena, opened in Riyadh,

    the largest gaming venue of its kind globally, providing not only infrastructure but also

    community-driven, long-term platforms for talent and innovation (Saudi Arabia Breaking

    News, 2025).

    Similarly, the Esports World Cup Foundation (EWCF)’s Club Support Program shows a

    model of financial and competitive sustainability. It offers up to $1 million in funding to

    top-tier esports clubs to help them expand, compete globally, and engage fans in more

    meaningful ways. This initiative reflects how institutional support can ensure industry

    resilience and global positioning (Esports World Cup, 2025).

    From an economic sustainability standpoint, Savvy Games Group, a Public Investment

    Fund subsidiary, has committed over $38 billion in global gaming investments. These

    include studio acquisitions, partnerships, and local development, with a strong focus on

    creating jobs, intellectual property, and economic diversification (AGBI, 2025). This

    approach blends national development goals with global gaming growth, ensuring long-

    term return and industry vitality.

    Contextual Understanding

    This discussion is set within the socio-economic and cultural transformation of Saudi

    Arabia, where over 60% of the population is under 30. The government’s Vision 2030 is

    actively reshaping the economy away from oil dependency and toward tech, tourism, and

    entertainment. Esports is a strategic pillar of this change. It aligns with local culture —

    where digital gaming is immensely popular — while also introducing global

    competitiveness and professionalism.

    Personal Reflection and Future Actions

    Understanding how Saudi Arabia is embedding sustainability in its gaming and esports

    development motivates me to be more conscious of my own role. As a student and

    potential future professional in this sector, I aim to:

    – Promote digital inclusion by supporting grassroots gaming communities.

    – Advocate for ethical and inclusive content creation.

    – Engage in research or volunteer opportunities within SEF or Savvy to contribute to their

    mission.

    Ultimately, I see esports not just as entertainment, but as a tool for sustainable national

    development, and I intend to be part of shaping that future responsibly.

    References

    AGBI, 2025. Savvy Games Group Overview. [online] Available at:

    https://www.agbi.com/companies/savvy-games-group/

    Esports World Cup, 2025. Club Partner Program Announcement. [online] Available at:

    https://esportsworldcup.com/en/news/ewcf-club-partner-program-2025

    Saudi Arabia Breaking News, 2025. Saudi Esports Federation Launches SEF Arena: The

    World’s Largest Gaming and Esports Zone. [online] Available at: https://www.saudiarabia

    breakingnews.com/post/saudi-esports-federation-launches-sef-arena-the-world-s-largest-

    gaming-and-esports-zone

    Powered by TCPDF (www.tcpdf.org)

    [http://www.tcpdf.org](http://www.tcpdf.org/)

    **## CRKC5002Assessment__11.docx**

    CRKC5002 Responsibility, Ethics and Sustainability in Practice

    Interim Assignment and Final Assessment

    University of Cumbria and Robert Kennedy College

    **General Instructions – Please read carefully**

    You are required to complete the assessment outlined below and submit your completed final document through the RKC Online Campus by the end of Unit 6. Your grade will be based 100% on this final document, to which you will also receive written feedback.

    In addition, by the end of Unit 3 you must upload a paper that will consolidate your learning from the first three units and prepare you for the final assessment (see
    _Interim Assignment_, on the final page of this document). This paper will not be graded, but it is an important way of monitoring your progress and preparing you for the final assessment.

    Your paper must have a clear structure and include:

    · Cover page (an example is available to you in Induction/Unit 4)

    · Table of contents (Table of tables/figures if necessary)

    · A declaration of authenticity – confirming that you are the sole author of the assessment and that you have acknowledged all of your sources

    · List of References cited in the text – you must use in-text citations to support your information and arguments and any work cited must appear in the References list at the end of the work. You are required to use the Harvard system for this.

    You should read the criteria for assessment section below carefully to ensure that within your assessment you have addressed all of the issues for which marks are available.

    Your word count, excluding cover page, abstract, table of contents and reference list
    **no more than 3000 words in total.** UoC have strict regulations regarding word limits – the penalties for exceeding them are set out in section 3
    [HERE](https://www.cumbria.ac.uk/media/university-of-cumbria-website/content-assets/public/aqs/documents/academicregulations/Appendix-3c.pdf)

    You must submit your work by 11.59 CET (Zurich) time on the last day of the module. UoC have strict regulations for submission of work, and the penalties for late submission are set out in section 2 of the link above.

    **Submissions for the final assessment should be machine readable and in MS-Word readable formats only please don’t use pdf or other formats. submit only one file, and include any Excel analysis as images, not embedded files**

    Please ask any questions about the interim assignment and final assessment in the Forum.

    **Final Assessment**

    The assessment in the module is by a portfolio, in which you submit various elements of your work through the course of the module, to help you provide a complete picture of your development and achievement.

    Your portfolio should include:

    · An analysis of the nature of sustainability and its importance to global economy, social wellbeing, and the environment of the planet.

    (about 750 words)

    · A review and evaluation of the role of stakeholders who influence the actions of businesses – you may choose more than one context to illustrate particular points

    (about 500 words)

    · A discussion and analysis of the role of ethics and morals in modern business practice – you may choose specific contexts to illustrate particular points

    (about 500 words)

    · USING CASE STUDIES OF YOUR CHOICE, an analysis and comparison of the issues faced and the actions taken by AT LEAST TWO businesses or organisations

    (about 1250 words)

    Apply as many of the concepts covered in this module as you can.

    The number of words suggested are for guidance only – the important issue is that you do not exceed the overall word limit – but you should bear in mind that you need to address ALL of the criteria listed below within this word limit, and that those criteria DO NOT perfectly match the tasks for your assignment. Failure to address criteria will mean no marks can be awarded for that element of the assessment.

    **Criteria for assessment:**

    | | | | | | |
    | — | — | — | — | — | — |
    | **Criteria** | **First >70%** | **2:i 60-69%** | **2:ii 50-59%** | **Pass 40- 49%** | **Fail < 40%** |
    | Analyse key contemporary sustainability, responsibility, and ethical issues faced by businesses and other organisations<br>**25% of Marks** | Full and critical assessment of a full range of relevant issues in clearly defined and appropriate contexts | Good critical assessment of a good range of relevant issues in appropriate contexts | Competent assessment of most important issues in appropriate context | Clear understanding, but limited assessment an of issues with limited application to appropriate context | Little or no understanding or assessment of issues and/or failure to apply to appropriate context |
    | Investigate a range of sustainability and responsibility challenges and dilemmas experienced by business and other organisations<br>**20% of Marks** | Sophisticated reflection on the impact of the demands of CSR and ethical issues faced by businesses and other organisations | Appropriate reflection on the impact of the demands of CSR and ethical issues faced by businesses and other organisations | An understanding of and some reflection on the impact of the demands of CSR and ethical issues faced by businesses and other organisations | Limited reflection on and/or limited understanding of the impact of the demands of CSR and ethical issues faced by businesses and other organisation. | Little or no reflection on and/or complete lack of understanding of the impact of the demands of CSR and ethical issues faced by businesses and other organisation |
    | Analyse ethical theories and practice (deontology, consequentialism, virtue etc.)<br>**20% of Marks** | Full and sophisticated analysis of ethical theories and practice in appropriate context(s0 | Sound and detailed evaluation of ethical theories and practice in = appropriate context(s) | Appropriate evaluation of ethical theories and practice in appropriate context(s) | Limited evaluation of the use of ethical theories and practice in justifiable context(s) | Little or no evaluation of the use of ethical theories and practice and/or application to inappropriate context(s) |
    | Compare the complexities comprising organisational cases in the field of sustainability, responsibility and ethics<br>**25% of Marks** | Full and sophisticated analysis of the ways <br>in which the chosen organizations are addressing issues of sustainability, responsibility and ethics | Full analysis of the ways <br>in which the chosen organizations are addressing issues of sustainability, responsibility and ethics | Adequate analysis of the ways <br>in which the chosen organizations are addressing issues of sustainability, responsibility and ethics | Limited analysis of the ways <br>in which the chosen organizations are addressing issues of sustainability, responsibility and ethics that demonstrates understanding of the main issues | Little or no analysis of the ways <br>in which the chosen organizations are addressing issues of sustainability, responsibility and ethics and/or little understanding of the issues involved |
    | Present a paper using language, referencing and presentation that maintains the confidence of the reader in your academic credibility<br>**10% of Marks** | Fully and appropriately referenced, well presented. Excellent use of language.<br>Meets all academic conventions.<br>Bibliography accurate. | Very good referencing, well presented and clear use of language and sound use of academic conventions.<br>Bibliography some minor errors | Generally well referenced, well presented and clear use of language but with some errors in academic conventions.<br>Bibliography<br>Some errors and omissions | Inadequately presented with inconsistent academic conventions. Poor use of language.<br>Bibliography major errors and omissions | Little referenced work, poorly presented and very unclear language with serious errors.<br>Does not meet academic conventions.<br>Bibliography very poor, inaccurate, incomplete or not |
    | | | | | | |

    **SCROLL TO NEXT PAGE FOR INTERIM ASSIGNMENT**

    | |
    | — |
    | **INTERIM ASSIGNMENT**<br>The Interim, formative assignment will consist of an individual submission of about 500 words in the Class Forum (initially visible only to you and the tutor); this is not graded, and can be amended subsequently to form part of your final assessment. <br>After you have submitted your formative assignment you will be able to see other students’ submissions, and you are expected to make general critical comments (of both a positive and negative nature) throughout the forum discussions. The tutor will also give general feedback on these postings, and by participating in the asynchronous class forums you can gather continuous feedback that can be directly applied to your summative assessment.<br>For this formative assignment you are required to write about 500 words on YOUR understanding of the meaning of sustainable development in the context of your choice. This can be at any scale – from the global to the individual – and in any context. <br>The assignment must be submitted no later than 11.59 CET (Zurich) time on the last day of module 3<br>In these 500 words you should<br>· Provide YOUR working definition of sustainability – with an explanation of how you have reached this view<br>· Support the information you give and the ideas you use by references to appropriate sources<br>· Make clear the context of your discussion (in terms of country, culture, economic development, scale – as appropriate)<br>· Conclude with how YOU, in the light of your discussion, intent behaving in future.<br>It goes without saying that this must be your own work, due attention must be given to referencing the sources of your ideas and information – and remember that copying large sections of a source is NOT acceptable, even if you acknowledge its source. Refer to the University resource <br>[HERE](https://my.cumbria.ac.uk/Student-Life/Learning/Skills-Cumbria/Referencing-and-Avoiding-Plagiarism/) if you are in any doubt. <br> <br>NOT |

    ![](https://www.sweetstudy.com/questions/corporate-social-responsibility-in-practice)![](https://www.sweetstudy.com/questions/corporate-social-responsibility-in-practice)

    ## image1.png

    ## image2.png

    **CSR.pptx**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/csr-pptx-10360655)

    **Appendix-3c.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/appendix-3c-pdf)

    **## RKC_Grade_Report_-_RKC-5004_-_Interim_Assignment_P1055195.pdf**

    ABDULAZIZ ALRASHIDI GRADE REPORT (#479810)

    Corporate Social Responsibility in Practice – Interim

    Assignment

    Your Assignment

    CRKC5004 – Corporate Social Responsibility in Practice

    Your Interim Assignment – Note this is only feedback: this assignment DOES NOT carry a

    mark

    What you have done well:

    • The paper was presented appropriately

    • You covered most of the questions

    • You have given definitions of sustainability

    • You have provided a context for your discussion

    • You have supported arguments with reference to theory

    • There is a list of references that have been cited in the text

    What you could improve: –

    • This is a thoughtful and well presented response, and I don't see a lot more that

    you could do within the word limit, but do watch the spelling and the English in order to

    maintain the confidence of the reader

    Don’t forget that to complete the assignment you need to comment on other submissions.

    Sustainable Development in Saudi Arabia’s Esports and Gaming Industry

    Working Definition of Sustainability

    To me, sustainability in the context of esports and gaming means creating a digital

    entertainment ecosystem that can thrive long-term by balancing economic growth,

    cultural relevance, and community well-being. I arrived at this view by examining how

    global sustainability principles — such as the UN Sustainable Development Goals (SDGs) —

    can be adapted to a rapidly growing digital sector, especially in a country like Saudi

    Arabia, where national strategies (like Vision 2030) aim to diversify the economy and

    empower youth.

    In esports, sustainability goes beyond environmental considerations. It includes equitable

    access to technology and opportunities, long-term talent development, gender inclusion,

    infrastructure investment, and ethical digital engagement. These elements form the

    foundation for a vibrant, future-proof industry.

    Supporting Ideas with References

    Saudi Arabia’s efforts in the esports and gaming space reflect a deep commitment to

    sustainable development. The Saudi Esports Federation (SEF), launched in 2017, has been

    central in fostering an ecosystem that promotes professional growth, international

    collaboration, and youth engagement. One example is the SEF Arena, opened in Riyadh,

    the largest gaming venue of its kind globally, providing not only infrastructure but also

    community-driven, long-term platforms for talent and innovation (Saudi Arabia Breaking

    News, 2025).

    Similarly, the Esports World Cup Foundation (EWCF)’s Club Support Program shows a

    model of financial and competitive sustainability. It offers up to $1 million in funding to

    top-tier esports clubs to help them expand, compete globally, and engage fans in more

    meaningful ways. This initiative reflects how institutional support can ensure industry

    resilience and global positioning (Esports World Cup, 2025).

    From an economic sustainability standpoint, Savvy Games Group, a Public Investment

    Fund subsidiary, has committed over $38 billion in global gaming investments. These

    include studio acquisitions, partnerships, and local development, with a strong focus on

    creating jobs, intellectual property, and economic diversification (AGBI, 2025). This

    approach blends national development goals with global gaming growth, ensuring long-

    term return and industry vitality.

    Contextual Understanding

    This discussion is set within the socio-economic and cultural transformation of Saudi

    Arabia, where over 60% of the population is under 30. The government’s Vision 2030 is

    actively reshaping the economy away from oil dependency and toward tech, tourism, and

    entertainment. Esports is a strategic pillar of this change. It aligns with local culture —

    where digital gaming is immensely popular — while also introducing global

    competitiveness and professionalism.

    Personal Reflection and Future Actions

    Understanding how Saudi Arabia is embedding sustainability in its gaming and esports

    development motivates me to be more conscious of my own role. As a student and

    potential future professional in this sector, I aim to:

    – Promote digital inclusion by supporting grassroots gaming communities.

    – Advocate for ethical and inclusive content creation.

    – Engage in research or volunteer opportunities within SEF or Savvy to contribute to their

    mission.

    Ultimately, I see esports not just as entertainment, but as a tool for sustainable national

    development, and I intend to be part of shaping that future responsibly.

    References

    AGBI, 2025. Savvy Games Group Overview. [online] Available at:

    https://www.agbi.com/companies/savvy-games-group/

    Esports World Cup, 2025. Club Partner Program Announcement. [online] Available at:

    https://esportsworldcup.com/en/news/ewcf-club-partner-program-2025

    Saudi Arabia Breaking News, 2025. Saudi Esports Federation Launches SEF Arena: The

    World’s Largest Gaming and Esports Zone. [online] Available at: https://www.saudiarabia

    breakingnews.com/post/saudi-esports-federation-launches-sef-arena-the-world-s-largest-

    gaming-and-esports-zone

    Powered by TCPDF (www.tcpdf.org)

    [http://www.tcpdf.org](http://www.tcpdf.org/)

    **## CRKC5002Assessment__11.docx**

    CRKC5002 Responsibility, Ethics and Sustainability in Practice

    Interim Assignment and Final Assessment

    University of Cumbria and Robert Kennedy College

    **General Instructions – Please read carefully**

    You are required to complete the assessment outlined below and submit your completed final document through the RKC Online Campus by the end of Unit 6. Your grade will be based 100% on this final document, to which you will also receive written feedback.

    In addition, by the end of Unit 3 you must upload a paper that will consolidate your learning from the first three units and prepare you for the final assessment (see
    _Interim Assignment_, on the final page of this document). This paper will not be graded, but it is an important way of monitoring your progress and preparing you for the final assessment.

    Your paper must have a clear structure and include:

    · Cover page (an example is available to you in Induction/Unit 4)

    · Table of contents (Table of tables/figures if necessary)

    · A declaration of authenticity – confirming that you are the sole author of the assessment and that you have acknowledged all of your sources

    · List of References cited in the text – you must use in-text citations to support your information and arguments and any work cited must appear in the References list at the end of the work. You are required to use the Harvard system for this.

    You should read the criteria for assessment section below carefully to ensure that within your assessment you have addressed all of the issues for which marks are available.

    Your word count, excluding cover page, abstract, table of contents and reference list
    **no more than 3000 words in total.** UoC have strict regulations regarding word limits – the penalties for exceeding them are set out in section 3
    [HERE](https://www.cumbria.ac.uk/media/university-of-cumbria-website/content-assets/public/aqs/documents/academicregulations/Appendix-3c.pdf)

    You must submit your work by 11.59 CET (Zurich) time on the last day of the module. UoC have strict regulations for submission of work, and the penalties for late submission are set out in section 2 of the link above.

    **Submissions for the final assessment should be machine readable and in MS-Word readable formats only please don’t use pdf or other formats. submit only one file, and include any Excel analysis as images, not embedded files**

    Please ask any questions about the interim assignment and final assessment in the Forum.

    **Final Assessment**

    The assessment in the module is by a portfolio, in which you submit various elements of your work through the course of the module, to help you provide a complete picture of your development and achievement.

    Your portfolio should include:

    · An analysis of the nature of sustainability and its importance to global economy, social wellbeing, and the environment of the planet.

    (about 750 words)

    · A review and evaluation of the role of stakeholders who influence the actions of businesses – you may choose more than one context to illustrate particular points

    (about 500 words)

    · A discussion and analysis of the role of ethics and morals in modern business practice – you may choose specific contexts to illustrate particular points

    (about 500 words)

    · USING CASE STUDIES OF YOUR CHOICE, an analysis and comparison of the issues faced and the actions taken by AT LEAST TWO businesses or organisations

    (about 1250 words)

    Apply as many of the concepts covered in this module as you can.

    The number of words suggested are for guidance only – the important issue is that you do not exceed the overall word limit – but you should bear in mind that you need to address ALL of the criteria listed below within this word limit, and that those criteria DO NOT perfectly match the tasks for your assignment. Failure to address criteria will mean no marks can be awarded for that element of the assessment.

    **Criteria for assessment:**

    | | | | | | |
    | — | — | — | — | — | — |
    | **Criteria** | **First >70%** | **2:i 60-69%** | **2:ii 50-59%** | **Pass 40- 49%** | **Fail < 40%** |
    | Analyse key contemporary sustainability, responsibility, and ethical issues faced by businesses and other organisations<br>**25% of Marks** | Full and critical assessment of a full range of relevant issues in clearly defined and appropriate contexts | Good critical assessment of a good range of relevant issues in appropriate contexts | Competent assessment of most important issues in appropriate context | Clear understanding, but limited assessment an of issues with limited application to appropriate context | Little or no understanding or assessment of issues and/or failure to apply to appropriate context |
    | Investigate a range of sustainability and responsibility challenges and dilemmas experienced by business and other organisations<br>**20% of Marks** | Sophisticated reflection on the impact of the demands of CSR and ethical issues faced by businesses and other organisations | Appropriate reflection on the impact of the demands of CSR and ethical issues faced by businesses and other organisations | An understanding of and some reflection on the impact of the demands of CSR and ethical issues faced by businesses and other organisations | Limited reflection on and/or limited understanding of the impact of the demands of CSR and ethical issues faced by businesses and other organisation. | Little or no reflection on and/or complete lack of understanding of the impact of the demands of CSR and ethical issues faced by businesses and other organisation |
    | Analyse ethical theories and practice (deontology, consequentialism, virtue etc.)<br>**20% of Marks** | Full and sophisticated analysis of ethical theories and practice in appropriate context(s0 | Sound and detailed evaluation of ethical theories and practice in = appropriate context(s) | Appropriate evaluation of ethical theories and practice in appropriate context(s) | Limited evaluation of the use of ethical theories and practice in justifiable context(s) | Little or no evaluation of the use of ethical theories and practice and/or application to inappropriate context(s) |
    | Compare the complexities comprising organisational cases in the field of sustainability, responsibility and ethics<br>**25% of Marks** | Full and sophisticated analysis of the ways <br>in which the chosen organizations are addressing issues of sustainability, responsibility and ethics | Full analysis of the ways <br>in which the chosen organizations are addressing issues of sustainability, responsibility and ethics | Adequate analysis of the ways <br>in which the chosen organizations are addressing issues of sustainability, responsibility and ethics | Limited analysis of the ways <br>in which the chosen organizations are addressing issues of sustainability, responsibility and ethics that demonstrates understanding of the main issues | Little or no analysis of the ways <br>in which the chosen organizations are addressing issues of sustainability, responsibility and ethics and/or little understanding of the issues involved |
    | Present a paper using language, referencing and presentation that maintains the confidence of the reader in your academic credibility<br>**10% of Marks** | Fully and appropriately referenced, well presented. Excellent use of language.<br>Meets all academic conventions.<br>Bibliography accurate. | Very good referencing, well presented and clear use of language and sound use of academic conventions.<br>Bibliography some minor errors | Generally well referenced, well presented and clear use of language but with some errors in academic conventions.<br>Bibliography<br>Some errors and omissions | Inadequately presented with inconsistent academic conventions. Poor use of language.<br>Bibliography major errors and omissions | Little referenced work, poorly presented and very unclear language with serious errors.<br>Does not meet academic conventions.<br>Bibliography very poor, inaccurate, incomplete or not |
    | | | | | | |

    **SCROLL TO NEXT PAGE FOR INTERIM ASSIGNMENT**

    | |
    | — |
    | **INTERIM ASSIGNMENT**<br>The Interim, formative assignment will consist of an individual submission of about 500 words in the Class Forum (initially visible only to you and the tutor); this is not graded, and can be amended subsequently to form part of your final assessment. <br>After you have submitted your formative assignment you will be able to see other students’ submissions, and you are expected to make general critical comments (of both a positive and negative nature) throughout the forum discussions. The tutor will also give general feedback on these postings, and by participating in the asynchronous class forums you can gather continuous feedback that can be directly applied to your summative assessment.<br>For this formative assignment you are required to write about 500 words on YOUR understanding of the meaning of sustainable development in the context of your choice. This can be at any scale – from the global to the individual – and in any context. <br>The assignment must be submitted no later than 11.59 CET (Zurich) time on the last day of module 3<br>In these 500 words you should<br>· Provide YOUR working definition of sustainability – with an explanation of how you have reached this view<br>· Support the information you give and the ideas you use by references to appropriate sources<br>· Make clear the context of your discussion (in terms of country, culture, economic development, scale – as appropriate)<br>· Conclude with how YOU, in the light of your discussion, intent behaving in future.<br>It goes without saying that this must be your own work, due attention must be given to referencing the sources of your ideas and information – and remember that copying large sections of a source is NOT acceptable, even if you acknowledge its source. Refer to the University resource <br>[HERE](https://my.cumbria.ac.uk/Student-Life/Learning/Skills-Cumbria/Referencing-and-Avoiding-Plagiarism/) if you are in any doubt. <br> <br>NOT |

    ![](https://www.sweetstudy.com/questions/corporate-social-responsibility-in-practice)![](https://www.sweetstudy.com/questions/corporate-social-responsibility-in-practice)

    ## image1.png

    ## image2.png

    **CSR.pptx**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/csr-pptx-10360655)

    **Appendix-3c.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/appendix-3c-pdf)

    – 1
    – 2
    – 3
    – 4

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    In a sport management role, you may find yourself in a position where you will need to analyze financial data and make important decisions based on that information. Imagine that you are in such a position, and that you need to present to stakeholders and explain the impact of a proposed project fro…

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    DISCUSSION AND RESEARCH – ## References.html – ## WEEK4RESEARCHPROJECT.docx – monolopisticcom.pdf – MarketRegulationCHP8.html – MarketEquilibriumandthePerfectCompetitionModel.html – FirmCompetitionandMarketStructure.html – FirmCompetitionandMarketStructureCHP7.html – Oligoplytree.pdf – monopoly.pdf …

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    DISCUSSION AND RESEARCH

    – ## References.html

    – ## WEEK4RESEARCHPROJECT.docx

    – monolopisticcom.pdf
    – MarketRegulationCHP8.html
    – MarketEquilibriumandthePerfectCompetitionModel.html
    – FirmCompetitionandMarketStructure.html
    – FirmCompetitionandMarketStructureCHP7.html
    – Oligoplytree.pdf
    – monopoly.pdf

    **## References.html**

    [![](https://www.sweetstudy.com/questions/business-no-plagarism-a-work-on-time-20930937)](https://saylordotorg.github.io/text_principles-of-managerial-economics/s08-12-limitations-of-market-regulati.html)[Previous Section](https://saylordotorg.github.io/text_principles-of-managerial-economics/s08-12-limitations-of-market-regulati.html) [![](https://www.sweetstudy.com/questions/business-no-plagarism-a-work-on-time-20930937)](https://saylordotorg.github.io/text_principles-of-managerial-economics/index.html) [Table of Contents](https://saylordotorg.github.io/text_principles-of-managerial-economics/index.html)

    ## Chapter 9 References

    Akerlof, G. A. (1970). The market for “lemons”: Quality, uncertainty, and the market mechanism. Quarterly Journal of Economics 84(3), 488–500.

    Arrow, K. J. (1962). The economic implications of learning by doing. Review of Economic Studies 29(3), 155–173.

    Baumol, W. J., Panzar, J. C., & Willig, R. J. (1982). Contestable markets and the theory of industry structure. San Diego, CA: Harcourt Brace Jovanovich.

    Baye, M. R. (2010). Microeconomics and business strategy. New York, NY: McGraw-Hill Irwin.

    Boston Consulting Group. (1970). The product portfolio. Retrieved December 13, 2010, from
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    Brandenburger, A. M., & Nalebuff, B. J. (1996). Co-opetition. New York, NY: Currency Doubleday.

    Brickley, J. A., Smith, C. W., Jr., & Zimmerman, J. L. (2001). Managerial economics and organizational architecture. New York, NY: McGraw-Hill Irwin.

    Brigham, E. F., & Ehrhardt, M. C. (2010). Financial management: Theory and practice (13th ed.). Mason, OH: South-Western Cengage Learning.

    Brock, J. W. (2009). The structure of American industry (12th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.

    Coase, R. H. (1937). The nature of the firm. Economica 4(16), 386–405.

    Coase, R. H. (1960). The problem of social cost. The Journal of Law and Economics 3, 1–44.

    Hanke, J. E., & Wichern, D. W. (2009). Business forecasting (9th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.

    Hirschey, M., & Pappas, J. L. (1996). Managerial economics (8th ed.). Fort Worth, TX: The Dryden Press.

    Horngren, C. T. (1972). Cost accounting: A managerial emphasis (3rd ed.). Englewood Cliffs, NJ: Prentice Hall.

    Kotler, P., & Armstrong, G. (2010). Principles of marketing (13th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.

    Kreps, D. M. (2004). Microeconomics for managers. New York, NY: W. W. Norton & Company.

    Milgrom, P. R., & Roberts, J. (1992). Economics, organization & management. Englewood Cliffs, NJ: Prentice Hall.

    Mishan, E. J. (1976). Cost-benefit analysis. New York, NY: Praeger.

    Porter, M. E. (1980). Competitive strategy. New York, NY: The Free Press.

    Samuelson, W. F., & Marks, S. G. (2010). Managerial economics (6th ed.). Hoboken, NJ: John Wiley & Sons.

    Shapiro, C., & Varian, H. R. (1999). Information rules. Boston, MA: Harvard Business School Press.

    Shugart, W. F., II, Chappell, W. F., & Cottle, R. L. (1994). Modern managerial economics: Economic theory for business decisions. Cincinnati, OH: South-Western Publishing Company.

    Simon, H. A. (1997). Administrative behavior (4th ed.). New York, NY: The Free Press.

    Smith, A. (1776). The wealth of nations. New York, NY: Modern Library.

    Spence, A. M. (1974). Market signaling. Cambridge, MA: Harvard University Press.

    Stevenson, W. J. (1986). Production/operations management (2nd ed.). Homewood, IL: Irwin.

    Stigler, G. J. (1971). The theory of economic regulation. Bell Journal of Economics and Management Science 2(1), 3–21.

    Stock, J. H., & Watson, M. W. (2007). Introduction to econometrics (2nd ed.). Boston, MA: Addison-Wesley.

    U.S. Census Bureau. (2010). Concentration ratios. Retrieved December 13, 2010, from
    [http://www.census.gov/econ/concentration.html](http://www.census.gov/econ/concentration.html).

    Varian, H. A. (1993). Intermediate microeconomics (3rd ed.). New York, NY: W. W. Norton & Company.

    Wernerfelt, B. (1984). A resource-based view of the firm. Strategic Management Journal 5(2), 171–180.

    Womack, J. P., Jones, D. T., & Roos, D. (1990). The machine that changed the world. New York, NY: Rawson Associates Scribner.

    [![](https://www.sweetstudy.com/questions/business-no-plagarism-a-work-on-time-20930937)](https://saylordotorg.github.io/text_principles-of-managerial-economics/s08-12-limitations-of-market-regulati.html) [Previous Section](https://saylordotorg.github.io/text_principles-of-managerial-economics/s08-12-limitations-of-market-regulati.html) [![](https://www.sweetstudy.com/questions/business-no-plagarism-a-work-on-time-20930937)](https://saylordotorg.github.io/text_principles-of-managerial-economics/index.html) [Table of Contents](https://saylordotorg.github.io/text_principles-of-managerial-economics/index.html)

    **## WEEK4RESEARCHPROJECT.docx**

    WEEK 4 RESEARCH PROJECT

    _Complete your Research Project 1 in a Word document, APA formatted, and then submit it in the Assignment section of the classroom by midnight, EST, Day 7._
    _The instructions concerning this assignment as well as the grading rubric are reproduced below._

    Pricing strategy varies significantly across different market structures. The pricing guidelines in a monopoly market are relatively straightforward. Since the company is the only producer offering the product, it can mark-up the price as far as the customer can bear. The pricing strategies for a producer operating in a perfect competition structure are also fairly intuitive. They are price takers, and hence price is set at the marginal cost of the product. This is due to the fact that there are many firms offering nearly identical products. However, there is optimal pricing for the market structures offering differentiated products with many competitors (oligopoly) or a few producers (monopolistic competition). These are much more complex and involved. It has been stated that differentiation in products that creates differences in customer valuation is the most prevalent type of competition. In such markets pricing strategies may include the three C's of cost, competition, and customer.

    Develop a paper detailing an analysis of market structures and relating pricing strategies that are suitable for each of these structures. Furthermore, include a real world example of pricing strategy for a specific company by identifying its market structure.

    Your paper should be around 10 double spaced pages, in APA Format and structured as follows:

    Cover page with a running head
    Abstract
    1. Perfect Competition
    1.1. Description
    1.2. Pricing Strategies
    2. Monopolistic competition
    2.1. Description
    2.2. Pricing Strategies
    3. Oligopoly
    3.1. Description
    3.2. Pricing Strategies
    4. Monopoly
    4.1. Description
    4.2. Pricing Strategies
    5. Case Study
    6. Conclusion
    References

    Your paper needs to include at least three scholarly sources, i.e. peer reviewed articles.

    LO1: Identify the purpose of managerial economics

    LO2: Identify and discuss the six-step model of decision making

    LO3: Identify how the firm’s profit-maximizing level of output is determined including the optimal condition in terms of the basic components, marginal revenue and marginal cost

    LO4: Define a multi-variable demand function and identify its purposes

    LO5: Explain the relationship between price elasticity of demand and revenue

    LO6: Discuss how a firm can maximize its profit by using optimal markup pricing and price discrimination

    LO7: Explain how empirical analysis is both “art and science”

    LO8: Explain the statistics that are generated by regression analysis

    The Example of Perfect Competition

    To provide an example, let me discuss more at length the special case of
    **perfect competition**, a structure where pricing strategies of firms are straightforward. I will not steal your thunder since you will be discussing pricing strategies in your midterm paper, but I would like to discuss the assumptions underlying perfect competition, since they are strict and quite restrictive. Let me summarize them here.

    Simply put, perfect competition describes a situation where there is a large number of firms that produce and sell identical products. This is fairly rare in real life, as most products have a degree of differentiation. It is an important assumption, though, because it determines the behavior of buyers: since they see no difference between the products offered, they will only purchase from the seller with the lowest price.

    Oligopolies and monopolistic competition

    [https://youtu.be/e3Bsb1mELcc](https://youtu.be/e3Bsb1mELcc)

    [https://youtu.be/PzDthFTzEa0](https://youtu.be/PzDthFTzEa0)

    BARRIERS TO ENTRY

    Not only do products have to be identical or homogenous, but firms need to be able to enter the market with little investment if they find it attractive. In the same way, firms that are currently in the market need to be able to leave the market if they find the market unattractive. In other words, perfect competition assumes that the market has no barriers to entry or exit. This condition is important for these markets to converge toward long-run equilibrium.

    To provide a definition, a
    **barrier to entry** is any factor or characteristic of the industry that creates an advantage for firms present on a market over any other wishing to enter the market. There are many factors that can prevent or limit the entry of new firms. The main ones are:

    · legal rights such as patents, state or federal license,

    · economies of scale: existing large firms benefit from lower average costs that would not be attainable by a smaller firm entering the market,

    · investment requirements. The initial investment to enter some industries is very high. Think about starting an aviation company, for instance. A large initial capital requirement makes an entry in the industry very risky, and thus protects existing firms.

    It would take too long to list all the potential barriers to entry. Let me mention two more. First, consumers may be loyal to established products with strong brand recognition, making entries of new firms very challenging. Second, some technological products have a value that depends on the existing number of customers. This network effect provides a strong protection to a market where established companies have already captured a large customer base.

    References

    Samuelson W.F. & Marks S.G. (2015).
    _Managerial Economics_. Hoboken, NJ: Wiley & Sons Inc.

    Smith, Vernon L. (1994). Economics in the Laboratory,
    _Journal of Economic Perspectives_ 8 (1), p 113-131.

    Pricing strategy varies significantly across different market structures of perfect competition, monopolistic competition, oligopoly and monopoly which are complex.  As discussed in detail in your textbook, the assessment of market structure is conducted on the basis of

    ·
    **intensity of competition,** depending on
    the number of firms in the industry,

    ·
    **homogeneity of products,** evaluated by the extent of substitutability of a firm product by the products of its rivals,

    ·
    **barriers to entry**, estimated by the complexities and obstacles confronting potential firms from entering the industry,

    ·
    **information** **asymmetry,** assessed by the degree of availability of knowledge of price to buyers.

    Perfect information

    The last characteristic of perfect competition I want to discuss is the condition that buyers and sellers are assumed to have perfect information on the market.

    This means, for instance, that all buyers and sellers are supposed to know the prices offered by all sellers, and that sellers have immediate access to any resource used by another seller. This is clearly a tall order, even though the development of online shopping is a step in that direction. By the way, you will find a discussion of the pros and cons of using the internet as an example of perfect competition in your textbook (Samuelson & Marks, 2015, p. 232).

    Why Study Perfect Competition?

    As we briefly discussed, many of the assumptions underlying perfect competition are so restrictive that it is pretty much impossible to have truly perfectly competitive markets in real life. The question naturally arises: why bother? What can be gained from a study of perfectly competitive markets, if these markets do not exist practically? It is argued in most textbooks that perfect competition is the ideal situation that allows comparison of other structures to a standard, but I believe there is more to the story.

    In fact, some recent experiments have shown that the study of perfect competition can provide results that are applicable to many real-life situations.

    Economists have used the same principle and conducted a number of experiments to test the validity of key elements of economic theory.

    One of the main contributors to this experimental approach to economics has been Vernon Smith, who won the 2002 Nobel Prize in Economics for this work in experimental economics.

    In one of his early experiments, published in the Journal of Economic Perspective (Smith, 1994), Smith brought individuals into a confined setting and randomly separated them into two groups: buyers and sellers of a commodity we can call C for convenience. In real life, each potential buyer had in mind a maximum price he or she would be willing to pay for a unit of C. To replicate this situation, each buyer was confidentially given his or her maximum price. If the buyers had been able to communicate and plot their numbers on a graph, they would have seen the demand curve for this commodity. To provide an incentive that would replicate a real life situation, each buyer was told he would receive a cash payment equal to the difference between the price at which he/she was able to purchase the commodity, and the maximum price he/she was willing to pay. Clearly, each buyer gained financially by purchasing at lower prices – just as you and I do in real life when we purchase any good.

    The sellers had the opposite strategy. They were assigned a minimum value representing their cost, and if they were able to sell the commodity for more than this minimum, they would receive a cash payment for the difference.

    Buyers and sellers were free to negotiate individually with each other until they agree on a price.

    Clearly, since Vernon Smith knew the prices given to every participant, he was able to draw a demand and supply curve and to determine the equilibrium price for the commodity he created. He was also able to calculate the total cash amount that both buyers and sellers would receive as a group if all transactions occurred at the equilibrium price. This information was provided to all participants in a sealed envelope that would be opened at the end of the experiment.

    Once the experiment was over, participants described it as chaotic – which is easy to believe since every buyer was trying to negotiate with as many sellers as possible – and vice-versa. We can imagine their surprise when they opened the sealed envelope they had received early on: they saw that their seemingly disorganized actions had achieved close to the maximum possible income for their group and that most transactions had occurred close to the equilibrium price.

    These and similar experiments indicate that the outcome approximating those of perfect competition emerge even when the restrictive assumption of the model is not exactly met. This is the case, for instance, in situations where the number of sellers is relatively small, in the 10 to 15 range.

    Conclusion

    In this lesson, we discussed how markets are classified according to four main guiding principles: number and size of the firm, the degree of product differentiation, the amount and cost of information about product price and quality, and the ease of entry in the market. Next, we covered information on the perfect competition by providing an example.

    Various types of limitations were discussed as barriers to entry for firms. Lastly, perfect information and its importance were introduced to the course. It is important to remember that, although practically non-existent, perfect competition is an ideal situation which can be used as a standard by firms.

    I hope you enjoyed this introduction to market structures. As you work on your first research paper this week, make sure to refer to the description of the project as well as to the grading rubric. I look forward to reading your work!

    References

    Dou, W. W., Ji, Y., & Wu, W. (2022). Oligopoly Lucas Tree.
    _Review of Financial Studies_,
    _35_(8), 3867–3921.
    [https://doi.org/10.1093/rfs/hhab120](https://doi.org/10.1093/rfs/hhab120)

    Hoof, S. (2021). Dynamic Monopolistic Competition: A Steady-State Analysis.
    _Journal of Optimization Theory & Applications_,
    _189_(2), 560–577. https://doi.org/10.1007/s10957-021-01843-w

    Hovenkamp, H. (2021). Antitrust and Platform Monopoly.
    _Yale Law Journal_,
    _130_(8), 1952–2050.

    **monolopisticcom.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/monolopisticcom-pdf-10362801)

    **MarketRegulationCHP8.html**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/marketregulationchp8-html)

    **MarketEquilibriumandthePerfectCompetitionModel.html**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/marketequilibriumandtheperfectcompetitionmodel-html)

    **FirmCompetitionandMarketStructure.html**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/firmcompetitionandmarketstructure-html)

    **FirmCompetitionandMarketStructureCHP7.html**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/firmcompetitionandmarketstructurechp7-html)

    **Oligoplytree.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/oligoplytree-pdf-10362803)

    **monopoly.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/monopoly-pdf-10362805)

    **monopoly.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/monopoly-pdf-10362805)

    **## References.html**

    [![](https://www.sweetstudy.com/questions/business-no-plagarism-a-work-on-time-20930937)](https://saylordotorg.github.io/text_principles-of-managerial-economics/s08-12-limitations-of-market-regulati.html)[Previous Section](https://saylordotorg.github.io/text_principles-of-managerial-economics/s08-12-limitations-of-market-regulati.html) [![](https://www.sweetstudy.com/questions/business-no-plagarism-a-work-on-time-20930937)](https://saylordotorg.github.io/text_principles-of-managerial-economics/index.html) [Table of Contents](https://saylordotorg.github.io/text_principles-of-managerial-economics/index.html)

    ## Chapter 9 References

    Akerlof, G. A. (1970). The market for “lemons”: Quality, uncertainty, and the market mechanism. Quarterly Journal of Economics 84(3), 488–500.

    Arrow, K. J. (1962). The economic implications of learning by doing. Review of Economic Studies 29(3), 155–173.

    Baumol, W. J., Panzar, J. C., & Willig, R. J. (1982). Contestable markets and the theory of industry structure. San Diego, CA: Harcourt Brace Jovanovich.

    Baye, M. R. (2010). Microeconomics and business strategy. New York, NY: McGraw-Hill Irwin.

    Boston Consulting Group. (1970). The product portfolio. Retrieved December 13, 2010, from
    [http://www.bcg.com/documents/file13255.pdf](http://www.bcg.com/documents/file13255.pdf).

    Brandenburger, A. M., & Nalebuff, B. J. (1996). Co-opetition. New York, NY: Currency Doubleday.

    Brickley, J. A., Smith, C. W., Jr., & Zimmerman, J. L. (2001). Managerial economics and organizational architecture. New York, NY: McGraw-Hill Irwin.

    Brigham, E. F., & Ehrhardt, M. C. (2010). Financial management: Theory and practice (13th ed.). Mason, OH: South-Western Cengage Learning.

    Brock, J. W. (2009). The structure of American industry (12th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.

    Coase, R. H. (1937). The nature of the firm. Economica 4(16), 386–405.

    Coase, R. H. (1960). The problem of social cost. The Journal of Law and Economics 3, 1–44.

    Hanke, J. E., & Wichern, D. W. (2009). Business forecasting (9th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.

    Hirschey, M., & Pappas, J. L. (1996). Managerial economics (8th ed.). Fort Worth, TX: The Dryden Press.

    Horngren, C. T. (1972). Cost accounting: A managerial emphasis (3rd ed.). Englewood Cliffs, NJ: Prentice Hall.

    Kotler, P., & Armstrong, G. (2010). Principles of marketing (13th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.

    Kreps, D. M. (2004). Microeconomics for managers. New York, NY: W. W. Norton & Company.

    Milgrom, P. R., & Roberts, J. (1992). Economics, organization & management. Englewood Cliffs, NJ: Prentice Hall.

    Mishan, E. J. (1976). Cost-benefit analysis. New York, NY: Praeger.

    Porter, M. E. (1980). Competitive strategy. New York, NY: The Free Press.

    Samuelson, W. F., & Marks, S. G. (2010). Managerial economics (6th ed.). Hoboken, NJ: John Wiley & Sons.

    Shapiro, C., & Varian, H. R. (1999). Information rules. Boston, MA: Harvard Business School Press.

    Shugart, W. F., II, Chappell, W. F., & Cottle, R. L. (1994). Modern managerial economics: Economic theory for business decisions. Cincinnati, OH: South-Western Publishing Company.

    Simon, H. A. (1997). Administrative behavior (4th ed.). New York, NY: The Free Press.

    Smith, A. (1776). The wealth of nations. New York, NY: Modern Library.

    Spence, A. M. (1974). Market signaling. Cambridge, MA: Harvard University Press.

    Stevenson, W. J. (1986). Production/operations management (2nd ed.). Homewood, IL: Irwin.

    Stigler, G. J. (1971). The theory of economic regulation. Bell Journal of Economics and Management Science 2(1), 3–21.

    Stock, J. H., & Watson, M. W. (2007). Introduction to econometrics (2nd ed.). Boston, MA: Addison-Wesley.

    U.S. Census Bureau. (2010). Concentration ratios. Retrieved December 13, 2010, from
    [http://www.census.gov/econ/concentration.html](http://www.census.gov/econ/concentration.html).

    Varian, H. A. (1993). Intermediate microeconomics (3rd ed.). New York, NY: W. W. Norton & Company.

    Wernerfelt, B. (1984). A resource-based view of the firm. Strategic Management Journal 5(2), 171–180.

    Womack, J. P., Jones, D. T., & Roos, D. (1990). The machine that changed the world. New York, NY: Rawson Associates Scribner.

    [![](https://www.sweetstudy.com/questions/business-no-plagarism-a-work-on-time-20930937)](https://saylordotorg.github.io/text_principles-of-managerial-economics/s08-12-limitations-of-market-regulati.html) [Previous Section](https://saylordotorg.github.io/text_principles-of-managerial-economics/s08-12-limitations-of-market-regulati.html) [![](https://www.sweetstudy.com/questions/business-no-plagarism-a-work-on-time-20930937)](https://saylordotorg.github.io/text_principles-of-managerial-economics/index.html) [Table of Contents](https://saylordotorg.github.io/text_principles-of-managerial-economics/index.html)

    **## WEEK4RESEARCHPROJECT.docx**

    WEEK 4 RESEARCH PROJECT

    _Complete your Research Project 1 in a Word document, APA formatted, and then submit it in the Assignment section of the classroom by midnight, EST, Day 7._
    _The instructions concerning this assignment as well as the grading rubric are reproduced below._

    Pricing strategy varies significantly across different market structures. The pricing guidelines in a monopoly market are relatively straightforward. Since the company is the only producer offering the product, it can mark-up the price as far as the customer can bear. The pricing strategies for a producer operating in a perfect competition structure are also fairly intuitive. They are price takers, and hence price is set at the marginal cost of the product. This is due to the fact that there are many firms offering nearly identical products. However, there is optimal pricing for the market structures offering differentiated products with many competitors (oligopoly) or a few producers (monopolistic competition). These are much more complex and involved. It has been stated that differentiation in products that creates differences in customer valuation is the most prevalent type of competition. In such markets pricing strategies may include the three C's of cost, competition, and customer.

    Develop a paper detailing an analysis of market structures and relating pricing strategies that are suitable for each of these structures. Furthermore, include a real world example of pricing strategy for a specific company by identifying its market structure.

    Your paper should be around 10 double spaced pages, in APA Format and structured as follows:

    Cover page with a running head
    Abstract
    1. Perfect Competition
    1.1. Description
    1.2. Pricing Strategies
    2. Monopolistic competition
    2.1. Description
    2.2. Pricing Strategies
    3. Oligopoly
    3.1. Description
    3.2. Pricing Strategies
    4. Monopoly
    4.1. Description
    4.2. Pricing Strategies
    5. Case Study
    6. Conclusion
    References

    Your paper needs to include at least three scholarly sources, i.e. peer reviewed articles.

    LO1: Identify the purpose of managerial economics

    LO2: Identify and discuss the six-step model of decision making

    LO3: Identify how the firm’s profit-maximizing level of output is determined including the optimal condition in terms of the basic components, marginal revenue and marginal cost

    LO4: Define a multi-variable demand function and identify its purposes

    LO5: Explain the relationship between price elasticity of demand and revenue

    LO6: Discuss how a firm can maximize its profit by using optimal markup pricing and price discrimination

    LO7: Explain how empirical analysis is both “art and science”

    LO8: Explain the statistics that are generated by regression analysis

    The Example of Perfect Competition

    To provide an example, let me discuss more at length the special case of
    **perfect competition**, a structure where pricing strategies of firms are straightforward. I will not steal your thunder since you will be discussing pricing strategies in your midterm paper, but I would like to discuss the assumptions underlying perfect competition, since they are strict and quite restrictive. Let me summarize them here.

    Simply put, perfect competition describes a situation where there is a large number of firms that produce and sell identical products. This is fairly rare in real life, as most products have a degree of differentiation. It is an important assumption, though, because it determines the behavior of buyers: since they see no difference between the products offered, they will only purchase from the seller with the lowest price.

    Oligopolies and monopolistic competition

    [https://youtu.be/e3Bsb1mELcc](https://youtu.be/e3Bsb1mELcc)

    [https://youtu.be/PzDthFTzEa0](https://youtu.be/PzDthFTzEa0)

    BARRIERS TO ENTRY

    Not only do products have to be identical or homogenous, but firms need to be able to enter the market with little investment if they find it attractive. In the same way, firms that are currently in the market need to be able to leave the market if they find the market unattractive. In other words, perfect competition assumes that the market has no barriers to entry or exit. This condition is important for these markets to converge toward long-run equilibrium.

    To provide a definition, a
    **barrier to entry** is any factor or characteristic of the industry that creates an advantage for firms present on a market over any other wishing to enter the market. There are many factors that can prevent or limit the entry of new firms. The main ones are:

    · legal rights such as patents, state or federal license,

    · economies of scale: existing large firms benefit from lower average costs that would not be attainable by a smaller firm entering the market,

    · investment requirements. The initial investment to enter some industries is very high. Think about starting an aviation company, for instance. A large initial capital requirement makes an entry in the industry very risky, and thus protects existing firms.

    It would take too long to list all the potential barriers to entry. Let me mention two more. First, consumers may be loyal to established products with strong brand recognition, making entries of new firms very challenging. Second, some technological products have a value that depends on the existing number of customers. This network effect provides a strong protection to a market where established companies have already captured a large customer base.

    References

    Samuelson W.F. & Marks S.G. (2015).
    _Managerial Economics_. Hoboken, NJ: Wiley & Sons Inc.

    Smith, Vernon L. (1994). Economics in the Laboratory,
    _Journal of Economic Perspectives_ 8 (1), p 113-131.

    Pricing strategy varies significantly across different market structures of perfect competition, monopolistic competition, oligopoly and monopoly which are complex.  As discussed in detail in your textbook, the assessment of market structure is conducted on the basis of

    ·
    **intensity of competition,** depending on
    the number of firms in the industry,

    ·
    **homogeneity of products,** evaluated by the extent of substitutability of a firm product by the products of its rivals,

    ·
    **barriers to entry**, estimated by the complexities and obstacles confronting potential firms from entering the industry,

    ·
    **information** **asymmetry,** assessed by the degree of availability of knowledge of price to buyers.

    Perfect information

    The last characteristic of perfect competition I want to discuss is the condition that buyers and sellers are assumed to have perfect information on the market.

    This means, for instance, that all buyers and sellers are supposed to know the prices offered by all sellers, and that sellers have immediate access to any resource used by another seller. This is clearly a tall order, even though the development of online shopping is a step in that direction. By the way, you will find a discussion of the pros and cons of using the internet as an example of perfect competition in your textbook (Samuelson & Marks, 2015, p. 232).

    Why Study Perfect Competition?

    As we briefly discussed, many of the assumptions underlying perfect competition are so restrictive that it is pretty much impossible to have truly perfectly competitive markets in real life. The question naturally arises: why bother? What can be gained from a study of perfectly competitive markets, if these markets do not exist practically? It is argued in most textbooks that perfect competition is the ideal situation that allows comparison of other structures to a standard, but I believe there is more to the story.

    In fact, some recent experiments have shown that the study of perfect competition can provide results that are applicable to many real-life situations.

    Economists have used the same principle and conducted a number of experiments to test the validity of key elements of economic theory.

    One of the main contributors to this experimental approach to economics has been Vernon Smith, who won the 2002 Nobel Prize in Economics for this work in experimental economics.

    In one of his early experiments, published in the Journal of Economic Perspective (Smith, 1994), Smith brought individuals into a confined setting and randomly separated them into two groups: buyers and sellers of a commodity we can call C for convenience. In real life, each potential buyer had in mind a maximum price he or she would be willing to pay for a unit of C. To replicate this situation, each buyer was confidentially given his or her maximum price. If the buyers had been able to communicate and plot their numbers on a graph, they would have seen the demand curve for this commodity. To provide an incentive that would replicate a real life situation, each buyer was told he would receive a cash payment equal to the difference between the price at which he/she was able to purchase the commodity, and the maximum price he/she was willing to pay. Clearly, each buyer gained financially by purchasing at lower prices – just as you and I do in real life when we purchase any good.

    The sellers had the opposite strategy. They were assigned a minimum value representing their cost, and if they were able to sell the commodity for more than this minimum, they would receive a cash payment for the difference.

    Buyers and sellers were free to negotiate individually with each other until they agree on a price.

    Clearly, since Vernon Smith knew the prices given to every participant, he was able to draw a demand and supply curve and to determine the equilibrium price for the commodity he created. He was also able to calculate the total cash amount that both buyers and sellers would receive as a group if all transactions occurred at the equilibrium price. This information was provided to all participants in a sealed envelope that would be opened at the end of the experiment.

    Once the experiment was over, participants described it as chaotic – which is easy to believe since every buyer was trying to negotiate with as many sellers as possible – and vice-versa. We can imagine their surprise when they opened the sealed envelope they had received early on: they saw that their seemingly disorganized actions had achieved close to the maximum possible income for their group and that most transactions had occurred close to the equilibrium price.

    These and similar experiments indicate that the outcome approximating those of perfect competition emerge even when the restrictive assumption of the model is not exactly met. This is the case, for instance, in situations where the number of sellers is relatively small, in the 10 to 15 range.

    Conclusion

    In this lesson, we discussed how markets are classified according to four main guiding principles: number and size of the firm, the degree of product differentiation, the amount and cost of information about product price and quality, and the ease of entry in the market. Next, we covered information on the perfect competition by providing an example.

    Various types of limitations were discussed as barriers to entry for firms. Lastly, perfect information and its importance were introduced to the course. It is important to remember that, although practically non-existent, perfect competition is an ideal situation which can be used as a standard by firms.

    I hope you enjoyed this introduction to market structures. As you work on your first research paper this week, make sure to refer to the description of the project as well as to the grading rubric. I look forward to reading your work!

    References

    Dou, W. W., Ji, Y., & Wu, W. (2022). Oligopoly Lucas Tree.
    _Review of Financial Studies_,
    _35_(8), 3867–3921.
    [https://doi.org/10.1093/rfs/hhab120](https://doi.org/10.1093/rfs/hhab120)

    Hoof, S. (2021). Dynamic Monopolistic Competition: A Steady-State Analysis.
    _Journal of Optimization Theory & Applications_,
    _189_(2), 560–577. https://doi.org/10.1007/s10957-021-01843-w

    Hovenkamp, H. (2021). Antitrust and Platform Monopoly.
    _Yale Law Journal_,
    _130_(8), 1952–2050.

    **monolopisticcom.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/monolopisticcom-pdf-10362801)

    **MarketRegulationCHP8.html**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/marketregulationchp8-html)

    **MarketEquilibriumandthePerfectCompetitionModel.html**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/marketequilibriumandtheperfectcompetitionmodel-html)

    **FirmCompetitionandMarketStructure.html**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/firmcompetitionandmarketstructure-html)

    **FirmCompetitionandMarketStructureCHP7.html**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/firmcompetitionandmarketstructurechp7-html)

    **Oligoplytree.pdf**

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    **monopoly.pdf**

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    **## References.html**

    [![](https://www.sweetstudy.com/questions/business-no-plagarism-a-work-on-time-20930937)](https://saylordotorg.github.io/text_principles-of-managerial-economics/s08-12-limitations-of-market-regulati.html)[Previous Section](https://saylordotorg.github.io/text_principles-of-managerial-economics/s08-12-limitations-of-market-regulati.html) [![](https://www.sweetstudy.com/questions/business-no-plagarism-a-work-on-time-20930937)](https://saylordotorg.github.io/text_principles-of-managerial-economics/index.html) [Table of Contents](https://saylordotorg.github.io/text_principles-of-managerial-economics/index.html)

    ## Chapter 9 References

    Akerlof, G. A. (1970). The market for “lemons”: Quality, uncertainty, and the market mechanism. Quarterly Journal of Economics 84(3), 488–500.

    Arrow, K. J. (1962). The economic implications of learning by doing. Review of Economic Studies 29(3), 155–173.

    Baumol, W. J., Panzar, J. C., & Willig, R. J. (1982). Contestable markets and the theory of industry structure. San Diego, CA: Harcourt Brace Jovanovich.

    Baye, M. R. (2010). Microeconomics and business strategy. New York, NY: McGraw-Hill Irwin.

    Boston Consulting Group. (1970). The product portfolio. Retrieved December 13, 2010, from
    [http://www.bcg.com/documents/file13255.pdf](http://www.bcg.com/documents/file13255.pdf).

    Brandenburger, A. M., & Nalebuff, B. J. (1996). Co-opetition. New York, NY: Currency Doubleday.

    Brickley, J. A., Smith, C. W., Jr., & Zimmerman, J. L. (2001). Managerial economics and organizational architecture. New York, NY: McGraw-Hill Irwin.

    Brigham, E. F., & Ehrhardt, M. C. (2010). Financial management: Theory and practice (13th ed.). Mason, OH: South-Western Cengage Learning.

    Brock, J. W. (2009). The structure of American industry (12th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.

    Coase, R. H. (1937). The nature of the firm. Economica 4(16), 386–405.

    Coase, R. H. (1960). The problem of social cost. The Journal of Law and Economics 3, 1–44.

    Hanke, J. E., & Wichern, D. W. (2009). Business forecasting (9th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.

    Hirschey, M., & Pappas, J. L. (1996). Managerial economics (8th ed.). Fort Worth, TX: The Dryden Press.

    Horngren, C. T. (1972). Cost accounting: A managerial emphasis (3rd ed.). Englewood Cliffs, NJ: Prentice Hall.

    Kotler, P., & Armstrong, G. (2010). Principles of marketing (13th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.

    Kreps, D. M. (2004). Microeconomics for managers. New York, NY: W. W. Norton & Company.

    Milgrom, P. R., & Roberts, J. (1992). Economics, organization & management. Englewood Cliffs, NJ: Prentice Hall.

    Mishan, E. J. (1976). Cost-benefit analysis. New York, NY: Praeger.

    Porter, M. E. (1980). Competitive strategy. New York, NY: The Free Press.

    Samuelson, W. F., & Marks, S. G. (2010). Managerial economics (6th ed.). Hoboken, NJ: John Wiley & Sons.

    Shapiro, C., & Varian, H. R. (1999). Information rules. Boston, MA: Harvard Business School Press.

    Shugart, W. F., II, Chappell, W. F., & Cottle, R. L. (1994). Modern managerial economics: Economic theory for business decisions. Cincinnati, OH: South-Western Publishing Company.

    Simon, H. A. (1997). Administrative behavior (4th ed.). New York, NY: The Free Press.

    Smith, A. (1776). The wealth of nations. New York, NY: Modern Library.

    Spence, A. M. (1974). Market signaling. Cambridge, MA: Harvard University Press.

    Stevenson, W. J. (1986). Production/operations management (2nd ed.). Homewood, IL: Irwin.

    Stigler, G. J. (1971). The theory of economic regulation. Bell Journal of Economics and Management Science 2(1), 3–21.

    Stock, J. H., & Watson, M. W. (2007). Introduction to econometrics (2nd ed.). Boston, MA: Addison-Wesley.

    U.S. Census Bureau. (2010). Concentration ratios. Retrieved December 13, 2010, from
    [http://www.census.gov/econ/concentration.html](http://www.census.gov/econ/concentration.html).

    Varian, H. A. (1993). Intermediate microeconomics (3rd ed.). New York, NY: W. W. Norton & Company.

    Wernerfelt, B. (1984). A resource-based view of the firm. Strategic Management Journal 5(2), 171–180.

    Womack, J. P., Jones, D. T., & Roos, D. (1990). The machine that changed the world. New York, NY: Rawson Associates Scribner.

    [![](https://www.sweetstudy.com/questions/business-no-plagarism-a-work-on-time-20930937)](https://saylordotorg.github.io/text_principles-of-managerial-economics/s08-12-limitations-of-market-regulati.html) [Previous Section](https://saylordotorg.github.io/text_principles-of-managerial-economics/s08-12-limitations-of-market-regulati.html) [![](https://www.sweetstudy.com/questions/business-no-plagarism-a-work-on-time-20930937)](https://saylordotorg.github.io/text_principles-of-managerial-economics/index.html) [Table of Contents](https://saylordotorg.github.io/text_principles-of-managerial-economics/index.html)

    **## WEEK4RESEARCHPROJECT.docx**

    WEEK 4 RESEARCH PROJECT

    _Complete your Research Project 1 in a Word document, APA formatted, and then submit it in the Assignment section of the classroom by midnight, EST, Day 7._
    _The instructions concerning this assignment as well as the grading rubric are reproduced below._

    Pricing strategy varies significantly across different market structures. The pricing guidelines in a monopoly market are relatively straightforward. Since the company is the only producer offering the product, it can mark-up the price as far as the customer can bear. The pricing strategies for a producer operating in a perfect competition structure are also fairly intuitive. They are price takers, and hence price is set at the marginal cost of the product. This is due to the fact that there are many firms offering nearly identical products. However, there is optimal pricing for the market structures offering differentiated products with many competitors (oligopoly) or a few producers (monopolistic competition). These are much more complex and involved. It has been stated that differentiation in products that creates differences in customer valuation is the most prevalent type of competition. In such markets pricing strategies may include the three C's of cost, competition, and customer.

    Develop a paper detailing an analysis of market structures and relating pricing strategies that are suitable for each of these structures. Furthermore, include a real world example of pricing strategy for a specific company by identifying its market structure.

    Your paper should be around 10 double spaced pages, in APA Format and structured as follows:

    Cover page with a running head
    Abstract
    1. Perfect Competition
    1.1. Description
    1.2. Pricing Strategies
    2. Monopolistic competition
    2.1. Description
    2.2. Pricing Strategies
    3. Oligopoly
    3.1. Description
    3.2. Pricing Strategies
    4. Monopoly
    4.1. Description
    4.2. Pricing Strategies
    5. Case Study
    6. Conclusion
    References

    Your paper needs to include at least three scholarly sources, i.e. peer reviewed articles.

    LO1: Identify the purpose of managerial economics

    LO2: Identify and discuss the six-step model of decision making

    LO3: Identify how the firm’s profit-maximizing level of output is determined including the optimal condition in terms of the basic components, marginal revenue and marginal cost

    LO4: Define a multi-variable demand function and identify its purposes

    LO5: Explain the relationship between price elasticity of demand and revenue

    LO6: Discuss how a firm can maximize its profit by using optimal markup pricing and price discrimination

    LO7: Explain how empirical analysis is both “art and science”

    LO8: Explain the statistics that are generated by regression analysis

    The Example of Perfect Competition

    To provide an example, let me discuss more at length the special case of
    **perfect competition**, a structure where pricing strategies of firms are straightforward. I will not steal your thunder since you will be discussing pricing strategies in your midterm paper, but I would like to discuss the assumptions underlying perfect competition, since they are strict and quite restrictive. Let me summarize them here.

    Simply put, perfect competition describes a situation where there is a large number of firms that produce and sell identical products. This is fairly rare in real life, as most products have a degree of differentiation. It is an important assumption, though, because it determines the behavior of buyers: since they see no difference between the products offered, they will only purchase from the seller with the lowest price.

    Oligopolies and monopolistic competition

    [https://youtu.be/e3Bsb1mELcc](https://youtu.be/e3Bsb1mELcc)

    [https://youtu.be/PzDthFTzEa0](https://youtu.be/PzDthFTzEa0)

    BARRIERS TO ENTRY

    Not only do products have to be identical or homogenous, but firms need to be able to enter the market with little investment if they find it attractive. In the same way, firms that are currently in the market need to be able to leave the market if they find the market unattractive. In other words, perfect competition assumes that the market has no barriers to entry or exit. This condition is important for these markets to converge toward long-run equilibrium.

    To provide a definition, a
    **barrier to entry** is any factor or characteristic of the industry that creates an advantage for firms present on a market over any other wishing to enter the market. There are many factors that can prevent or limit the entry of new firms. The main ones are:

    · legal rights such as patents, state or federal license,

    · economies of scale: existing large firms benefit from lower average costs that would not be attainable by a smaller firm entering the market,

    · investment requirements. The initial investment to enter some industries is very high. Think about starting an aviation company, for instance. A large initial capital requirement makes an entry in the industry very risky, and thus protects existing firms.

    It would take too long to list all the potential barriers to entry. Let me mention two more. First, consumers may be loyal to established products with strong brand recognition, making entries of new firms very challenging. Second, some technological products have a value that depends on the existing number of customers. This network effect provides a strong protection to a market where established companies have already captured a large customer base.

    References

    Samuelson W.F. & Marks S.G. (2015).
    _Managerial Economics_. Hoboken, NJ: Wiley & Sons Inc.

    Smith, Vernon L. (1994). Economics in the Laboratory,
    _Journal of Economic Perspectives_ 8 (1), p 113-131.

    Pricing strategy varies significantly across different market structures of perfect competition, monopolistic competition, oligopoly and monopoly which are complex.  As discussed in detail in your textbook, the assessment of market structure is conducted on the basis of

    ·
    **intensity of competition,** depending on
    the number of firms in the industry,

    ·
    **homogeneity of products,** evaluated by the extent of substitutability of a firm product by the products of its rivals,

    ·
    **barriers to entry**, estimated by the complexities and obstacles confronting potential firms from entering the industry,

    ·
    **information** **asymmetry,** assessed by the degree of availability of knowledge of price to buyers.

    Perfect information

    The last characteristic of perfect competition I want to discuss is the condition that buyers and sellers are assumed to have perfect information on the market.

    This means, for instance, that all buyers and sellers are supposed to know the prices offered by all sellers, and that sellers have immediate access to any resource used by another seller. This is clearly a tall order, even though the development of online shopping is a step in that direction. By the way, you will find a discussion of the pros and cons of using the internet as an example of perfect competition in your textbook (Samuelson & Marks, 2015, p. 232).

    Why Study Perfect Competition?

    As we briefly discussed, many of the assumptions underlying perfect competition are so restrictive that it is pretty much impossible to have truly perfectly competitive markets in real life. The question naturally arises: why bother? What can be gained from a study of perfectly competitive markets, if these markets do not exist practically? It is argued in most textbooks that perfect competition is the ideal situation that allows comparison of other structures to a standard, but I believe there is more to the story.

    In fact, some recent experiments have shown that the study of perfect competition can provide results that are applicable to many real-life situations.

    Economists have used the same principle and conducted a number of experiments to test the validity of key elements of economic theory.

    One of the main contributors to this experimental approach to economics has been Vernon Smith, who won the 2002 Nobel Prize in Economics for this work in experimental economics.

    In one of his early experiments, published in the Journal of Economic Perspective (Smith, 1994), Smith brought individuals into a confined setting and randomly separated them into two groups: buyers and sellers of a commodity we can call C for convenience. In real life, each potential buyer had in mind a maximum price he or she would be willing to pay for a unit of C. To replicate this situation, each buyer was confidentially given his or her maximum price. If the buyers had been able to communicate and plot their numbers on a graph, they would have seen the demand curve for this commodity. To provide an incentive that would replicate a real life situation, each buyer was told he would receive a cash payment equal to the difference between the price at which he/she was able to purchase the commodity, and the maximum price he/she was willing to pay. Clearly, each buyer gained financially by purchasing at lower prices – just as you and I do in real life when we purchase any good.

    The sellers had the opposite strategy. They were assigned a minimum value representing their cost, and if they were able to sell the commodity for more than this minimum, they would receive a cash payment for the difference.

    Buyers and sellers were free to negotiate individually with each other until they agree on a price.

    Clearly, since Vernon Smith knew the prices given to every participant, he was able to draw a demand and supply curve and to determine the equilibrium price for the commodity he created. He was also able to calculate the total cash amount that both buyers and sellers would receive as a group if all transactions occurred at the equilibrium price. This information was provided to all participants in a sealed envelope that would be opened at the end of the experiment.

    Once the experiment was over, participants described it as chaotic – which is easy to believe since every buyer was trying to negotiate with as many sellers as possible – and vice-versa. We can imagine their surprise when they opened the sealed envelope they had received early on: they saw that their seemingly disorganized actions had achieved close to the maximum possible income for their group and that most transactions had occurred close to the equilibrium price.

    These and similar experiments indicate that the outcome approximating those of perfect competition emerge even when the restrictive assumption of the model is not exactly met. This is the case, for instance, in situations where the number of sellers is relatively small, in the 10 to 15 range.

    Conclusion

    In this lesson, we discussed how markets are classified according to four main guiding principles: number and size of the firm, the degree of product differentiation, the amount and cost of information about product price and quality, and the ease of entry in the market. Next, we covered information on the perfect competition by providing an example.

    Various types of limitations were discussed as barriers to entry for firms. Lastly, perfect information and its importance were introduced to the course. It is important to remember that, although practically non-existent, perfect competition is an ideal situation which can be used as a standard by firms.

    I hope you enjoyed this introduction to market structures. As you work on your first research paper this week, make sure to refer to the description of the project as well as to the grading rubric. I look forward to reading your work!

    References

    Dou, W. W., Ji, Y., & Wu, W. (2022). Oligopoly Lucas Tree.
    _Review of Financial Studies_,
    _35_(8), 3867–3921.
    [https://doi.org/10.1093/rfs/hhab120](https://doi.org/10.1093/rfs/hhab120)

    Hoof, S. (2021). Dynamic Monopolistic Competition: A Steady-State Analysis.
    _Journal of Optimization Theory & Applications_,
    _189_(2), 560–577. https://doi.org/10.1007/s10957-021-01843-w

    Hovenkamp, H. (2021). Antitrust and Platform Monopoly.
    _Yale Law Journal_,
    _130_(8), 1952–2050.

    **monolopisticcom.pdf**

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    **MarketRegulationCHP8.html**

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    **MarketEquilibriumandthePerfectCompetitionModel.html**

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    **FirmCompetitionandMarketStructure.html**

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    **FirmCompetitionandMarketStructureCHP7.html**

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    **Oligoplytree.pdf**

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    **monopoly.pdf**

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    ## This week we read a sample theoretical research and a program evaluation. Using the program you found in Week 1, identify the elements of the program.
    Engage in a conversation with your course community about **one** of the following:
    – What is the process by which it's trying to create change? Discuss some of the sociocultural, political, or economic contexts that factor into the need for this program.
    – How would you consider approaching the program to collaborate on an evaluation?
    As always, if you are relying on someone else's ideas when presenting yours, you should reference their paper, article, etc. This includes sharing references to your fellow students' ideas!
    ## **Response Guidelines**
    – **Your Participation:** This discussion is an opportunity for you to review the work of other learners to inform your own learning. Your interactions and anything you share should be courteous, succinct, professional, well-written, and organized. Communicating clearly with proper grammar and punctuation will foster more and better interactions with your classmates.
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    – Evaluate the cost of treating infectious diseases in the United States compared to the United Kingdom in terms of person, time, and place.
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    – ## ResearchDesignandMethodsRCH5301UnitVIPowerPointPresentation.docx – ## UnitIVStudyGuide.pdf – UnitVStudyGuide.pdf – UnitIIStudyGuide.pdf – UnitVIStudyGuide.pdf – UnitIIIStudyGuide.pdf – UnitIStudyGuide.pdf **## ResearchDesignandMethodsRCH5301UnitVIPowerPointPresentation.docx** 2 Research Design …

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    – ## UnitIVStudyGuide.pdf

    – UnitVStudyGuide.pdf
    – UnitIIStudyGuide.pdf
    – UnitVIStudyGuide.pdf
    – UnitIIIStudyGuide.pdf
    – UnitIStudyGuide.pdf

    **## ResearchDesignandMethodsRCH5301UnitVIPowerPointPresentation.docx**

    2

    Research Design and Methods RCH 5301

    **Unit VI PowerPoint Presentation**

    This PowerPoint Presentation measures your mastery of ULOs 1.1, 2.1, 2.3, 3.1, 4.1, and 4.3.

    Imagine you, the student, are the professor for this course. Drawing from the information presented in Units I-VI, create an 8-slide PowerPoint presentation with speaker notes communicating the most important aspects of research methods. Be sure to cover the following points:

    · Schematize philosophical assumptions, research worldviews, research methodologies, research traditions, and research designs.

    · Diagram differences between a quantitative methodological research strategy and qualitative research strategy.

    · Differentiate descriptive, explanatory, and exploratory research designs based on their unique characteristics.

    · Compare and contrast descriptive statistics and inferential statistics. Explain the relationship of population, sampling frame, sampling design, and generalization.

    · Illustrate the use of hypothesis testing in determining statistical significance.

    Each slide must have speaker notes that further explains the information on the slide. Your presentation must be at least eight slides in length, not including cover slide and references, and you must use at least two academic resources, one of which must come from the CSU Online Library. Any resources used must be cited and referenced in APA format.

    **## UnitIVStudyGuide.pdf**

    RCH 5301, Research Design and Methods 1

    Course Learning Outcomes for Unit IV

    At the end of this unit, you should be able to:

    2. Discriminate among the characteristics of qualitative and quantitative research methods.
    2.1 Deduce differences between a quantitative methodological research strategy and

    qualitative research strategy.
    2.2 Identify a primary research article in an academic journal where the researcher or

    researchers used a survey instrument and inferential statistics.

    3. Evaluate research designs.
    3.1 Differentiate between descriptive, explanatory, and exploratory research designs based on

    their unique characteristics.
    3.2 Analyze an academic study’s research design, analytical approach, data analysis

    procedures, data collection method, and sampling design.

    Required Unit Resources

    Chapter 3: The Use of Theory (ULOs 3.1 and 3.2)
    Read the following sections from this chapter:

    Quantitative Theory Use

    Chapter 4: Writing Strategies and Ethical Considerations (ULOs 3.1 and 3.2)

    Article: Research Methods: Quantitative Observation (ULOs 3.1 and 3.2)
    This article discusses using observation for quantitative data collection. (2 pages).

    Unit Lesson

    Lesson: Don’t Look Now, but You’re Being Observed (ULOs 3.1 and 3.2)

    Introduction

    Most of the focus of data collection in this course has been on the survey or self-completion questionnaire.
    While the survey is the most often used quantitative data collection method in research, there are other non-
    experimental methods for collecting data, such as structured observation, content analysis, and utilizing
    secondary data.

    Structured Observation

    As the name implies, structured observation is a process where the researcher systematically and visually
    examines and quantifies phenomena as they occur. While observation research is often associated with the
    qualitative research methodology, structured observation is decidedly quantitative. Characteristics of
    observation research that make it a positivist’s tool are that the variables to be studied are predetermined
    through the structure, and the variables are quantifiable. These are two conditions that are foreign to
    qualitative research.

    Variables under structured observation are varied. Virtually anything that can be counted can be studied
    through structured observation, including objects, time, events, words, clicks, people, and behavior. Even
    nonverbal communication can be observed and quantified, including facial expressions, body language, eye

    UNIT IV STUDY GUIDE
    Quantitative Research Using Naturally
    Occurring Data, Secondary Data, and
    Official Statistics

    RCH 5301, Research Design and Methods 2

    UNIT x STUDY GUIDE
    Title

    movements, personal space, gestures, and manners. For example, assume medical patients are under
    observation in a health care facility, and the predetermined variables to measure are facial expressions, body
    language, eye movements, personal space, manners, time, objects, demographics, and actions. The
    researcher might devise an observation schedule that includes the variables below.

    Was the purpose of the patient’s visit to:

    • seek treatment for a new medical concern (event)?
    • seek treatment for an existing medical condition (event)?

    When approached by the medical provider, did the patient:

    • smile, frown, or remain unchanged (facial expression)?
    • stand still, back away, or lean into the medical provider (personal space)?
    • shake the provider’s hand (manners)?
    • fold their arms or keep them dangling in a relaxed manner (body language)?
    • make steady eye contact or avoid looking at the provider directly (eye movement)?
    • mention the current condition that is being treated (words)?

    How much time did the patient:

    • speak with the provider (timing)?
    • engage in conversation with other patients (timing)?
    • spend in common areas (timing)?
    • isolate in their room (timing)?
    • handle common area activities, such as books (timing)?

    Which items did the patient handle while in the common area?

    • Educational literature (object)?
    • Magazines (object)?
    • Books (object)?
    • Board games (object)?

    What was the patient’s:

    • gender (demographics)?
    • age (demographics)?

    RCH 5301, Research Design and Methods 3

    UNIT x STUDY GUIDE
    Title

    Structured observation can take place in a controlled environment (i.e., contrived observation), such as a
    laboratory, but observation most often occurs in the participants’ natural environment, such as a field location
    or facility, which was used in the example above. Research outside of a lab has the potential for a more
    realistic and unbiased accounting of behavior since participants are unlikely to modify their actions to meet
    researcher expectations. In either case, the structured observation takes place without researcher
    intervention, although the research can be conducted overtly (i.e., undisguised observation) or covertly (i.e.,
    disguised observation). If conducted overtly, the participants are aware they are the subject of research. This
    can create bias since the participants are likely to modify their behavior to conform to how they think the
    researcher expects them to behave. This is known as reactivity. This is also known colloquially as the
    Hawthorne effect. The name originates from a series of 1920s industrial experiments conducted at Western
    Electric’s large Hawthorne plant in Cicero, Illinois. Although there were four different studies, the Illumination
    Experiments (1924–1927) were the most illuminating (pun intended) about the phenomenon called reactivity
    (Perera, 2021; Price et al., 2017).

    In the Illumination Experiments, researchers were seeking to determine if there was a relationship between
    the variables of illumination levels and factory productivity. They hypothesized that the relationship would be
    positive, meaning the variables would move in the same direction. For example, they guessed as illumination
    levels decreased, productivity would decrease, and as illumination levels increased, productivity would

    RCH 5301, Research Design and Methods 4

    UNIT x STUDY GUIDE
    Title

    increase. The researchers were surprised to find, however, that no matter the change in illumination,
    productivity increased. As illumination increased, productivity increased. As illumination decreased,
    productivity increased. It was determined that the workers’ awareness of being studied was severely biasing
    results. Interestingly, reactivity begins to wane over time as participants become desensitized to the presence
    of researchers, and their behaviors begin to normalize. This is precisely what occurred at the Hawthorne
    factory (Perera, 2021).

    To avoid bias from reactivity, observation research can be conducted covertly so that the participants are
    unaware that they are the subjects of research. While this can eliminate the risk of bias, it can potentially
    increase ethical risks. However, researchers generally accept covert observation as ethical if participants’
    anonymity is preserved, and the observation is performed in public where there is no expectation of privacy
    (Cooper & Schindler, 2014).

    Structured observation is very similar to naturalistic observation and participant observation, which are
    qualitative data collection methods. The difference between structured observation, naturalistic observation,
    and participant observation is that structured observation is intended to quantify a relatively small number of
    variables rather than record and interpret all the behaviors that are taking place (Price et al., 2017).

    It should be noted that everything that was discussed in previous units about sampling applies to structured
    observation; however, probability sampling can be challenging since it is often difficult to develop a sampling
    frame in observation studies. It then follows that making valid and reliable inferences about a population of
    interest, or generalizing results, can be difficult to achieve (Price et al., 2017).

    Structured Observation in Practice

    In addition to structured observation that occurs in participants’ natural environments, there are many other
    methods available to researchers to capture observation data. Many of these other methods use cutting-edge
    technology. The following describes examples of structured observation in practice, but this is nowhere near a
    complete list of all observation methods.

    Mechanical Observation

    It is not always possible or practical for researchers to observe the phenomena in real time in the participant’s
    natural environment. In these instances, mechanical observation is an effective alternative. Traffic cameras
    and other mechanical devices are commonly used to quantify usage of roadways and to identify traffic
    patterns that may be problematic. Video cameras and time-lapse photography are used in busy warehouses
    to improve the flow of product and safety for employees who are working around dangerous equipment.
    Nielsen Media Research uses mechanical observation to collect data on which television shows are being
    watched in households, on which television sets, who is watching them, and for how long. Arbitron performs
    similar observation research on radio audiences. Scanner-based observation is another mechanical means of
    capturing consumer purchase behavior data through scanned UPC codes. This is an easy way to collect large
    amounts of data that can be used to analyze the relationship between consumer behavior and variables like
    promotion and pricing (Cooper & Schindler, 2014).

    Satellite Imagery

    Observation from space is a unique example of observation research. Satellites are routinely used to observe
    activity at ports, shipping terminals, oil refineries, retail establishments, and farms. This data enables the
    quantification of shipping containers and vessel traffic in ports; supply of energy at oil refineries; consumer
    traffic at retail establishments like Walmart, Lowes, and McDonalds; and crop yields. Satellite data is then
    used to make inferences about economic activity (Eamon, 2010; Goldstein, 2010).

    Eye Tracking

    Eye tracking is a desirable observation method since it captures what subjects actually do rather than what
    they say they do. Eye tracking uses infrared-enabled webcam and wearable technology to quantify research
    participants’ conscious and unconscious eye movements to determine what they pay attention to (behavior)
    and for how long (timing). Eye tracking is useful for capturing participant data and the attention paid to online

    RCH 5301, Research Design and Methods 5

    UNIT x STUDY GUIDE
    Title

    stimuli. It is especially beneficial in online environments since eye-tracking data can be linked directly to
    behavior.

    Heat Mapping

    The purpose of heat mapping, like eye tracking, is to quantify human behavior using special technology. The
    technology is used to measure variables like cursor movements, scrolling activity, clicks and click-through
    rates, page views, and time per page for all website visitors. Activity is color coded, so high activity appears
    visually in gradients of red, and low activity appears as gradients of green. Heat mapping technology can also
    be used to create heat maps for consumer behavior and physical movements in retail establishments.
    Regardless of whether heat mapping is used for creating a visualization of behavior in digital or non-digital
    environments, the data can be used to make strategic decisions to improve the effectiveness of lower activity
    areas (Perez, 2020).

    Retail heat mapping (Soltani, 2015)

    Neuromarketing

    Neurofocus is a company that uses technology called quantified electroencephalography (QEEG) to measure
    a subject’s brain activity in different parts of their brain. The data is captured through discreet electrodes
    attached to the subject’s head and displayed in a format like a heat map. QEEG is like magnetic resonance
    imaging (MRI) technology, but it is mobile and allows the capture of data in dynamic environments. For
    example, electrodes can be attached to consumers to observe the alpha-wave brain activity as they engage
    in surfing the web. As their alpha-wave activity is triggered by interest in different websites, the researcher will
    observe their brain images that light in hotter gradients of red. As subject interest wanes, researchers will
    observe areas of the brain’s lighting in cooler gradients of green.

    Education

    Observation research is routinely used in many domains of interest, including education. For example,
    structured observation could be used in the classroom to quantify the number of questions asked by students
    during class time to determine if a relationship exists with grade point average.

    RCH 5301, Research Design and Methods 6

    UNIT x STUDY GUIDE
    Title

    Time and Motion

    Time and motion studies provide a great application for structured observation research. Quantifying the
    number of movements and time required to make those movements can be helpful in reducing waste,
    increasing efficiency, and raising safety awareness (Drew, 2022).

    Safety, Health Care, and Medicine

    Structured observation research in safety, health care, and medicine has been used to quantify the types,
    frequency, and severity of negative events across various departments, including operations, pharmacy,
    emergency, operating rooms, anesthesia, obstetrics, and intensive care. For example, the type, frequency,
    and severity of incorrect drug administration is easily quantifiable through observation research. In addition to
    improving operational efficiency, the most beneficial aspect of observation research in a safety or health care
    setting is the reduction of workplace accidents and illnesses and the detrimental effects of adverse care,
    including death (Carthey, 2003).

    Content Analysis

    Content analysis is like structured observation in that it is a quantitative process where the researcher
    systematically and visually examines and quantifies existing words, titles, subjects, actors, and images within
    published or unpublished print or digital media, including news articles, letters, emails, advertisements,
    television shows, and websites. The content analysis may measure either the inclusion or exclusion of the
    variable or variables under study. This should not be confused with the qualitative content analysis, which is
    subjective. In the qualitative content analysis, the researcher interprets and constructs meaning from the print
    or digital media. In quantitative content analysis, the researcher objectively quantifies what is found in the
    media and does not interject their values or interpret meaning. Content analysis would be an incredibly time-
    consuming and tedious exercise if it were done manually. Fortunately, there are technology solutions to
    facilitate this process so researchers can spend most of their time on data analysis rather than data collection
    (Zikmund et al., 2013).

    Secondary Data Analysis

    Secondary data analysis (i.e., archival research) is a quantitative approach to research using data that has
    already been collected for other purposes, by other people and researchers, such as academic study data,
    commercial and trade data, organizational data, and government data (Zikmund et al., 2013). For example,
    the scanner data mentioned above in the discussion on mechanical observation is normally collected by
    individual grocery store chains to monitor their own customers. However, the National Grocers Association
    could aggregate scanner data from their association members to share with the entire association, even those
    without access to their own scanner data. This would be a useful means of secondary data analysis.

    In Closing

    Many of the practical examples of structured observation make use of cutting-edge technology, and there is
    no stopping it. Technology is pervasive in society and is often used to surreptitiously capture consumer
    information through so-called surveillance products. See the examples below.

    • Smartwatches capture health, exercise, and sleep data.
    • Geolocation technology and GPS navigation apps track people’s activities and vehicle movements.
    • Smartphones, tablets, and laptops listen to their users.
    • Amazon’s Alexa and Apple's Siri capture user activity and listen to conversations.
    • Smart refrigerators, washing machines, and other appliances have listening capabilities.
    • Millions of users on social networking sites have no appreciation for privacy and gladly share their

    most intimate details.
    • Radio-frequency identification (RFID) chips used in toll passes, passports, payment mechanisms, and

    reward fobs track owners’ movements.

    Many consumers naively believe that marketers respect their privacy. Perhaps the most successful marketing
    organization in history, Amazon, has been caught collecting user conversations through Alexa without
    their knowledge. Since being caught with their hand in the cookie jar, Amazon now allows users to opt

    RCH 5301, Research Design and Methods 7

    UNIT x STUDY GUIDE
    Title

    out of this functionality, but many users are still unaware of this option or are simply unconcerned.
    Similarly, users of Gmail and Google Calendar open personal, business, and contact information that
    is available to Google to peruse at will, without requiring permission, and with no explanation required.
    Many other users are willing to trade privacy and confidentiality for convenience or productivity. Still, others
    are willing to swap their privacy for “free” services from companies like Google or Bing (Kelly, 2022).

    Experts in the field warn the public that the danger from these means of observation has never been more
    serious. The information that consumers share willingly and unwillingly with marketers can be accessed and
    abused by governments, hackers, and others (Kelly, 2022). For consumers, privacy and confidentiality should
    be a top concern, especially given the potential for search histories, location data, text messages, emails, and
    other digital information to be accessed, analyzed, and sold to third-party marketers and government
    agencies. Some would say that George Orwell’s vision in 1984 is alive and well in today’s society, and it is
    being facilitated through observation research technology. Researchers should enjoy the efficiency and
    quality of data provided through observation research technology, but they should always be mindful to do no
    harm.

    References

    Carthey, J. (2003). The role of structured observational research in health care. BMJ Publishing Group Ltd. &

    The Health Foundation. https://qualitysafety.bmj.com/content/12/suppl_2/ii13

    Cooper, D. R., & Schindler, P. S. (2014). Business research methods (12th ed.). McGraw-Hill.

    Creswell, J. W., & Creswell, J. D. (2022). Research design: Qualitative, quantitative, and mixed methods

    approaches (6th ed.). SAGE. https://online.vitalsource.com/#/books/9781071817964

    Drew, C. (2022, October 23). 10 observational research examples. The Helpful Professor.

    https://helpfulprofessor.com/observational-research-examples/

    Eamon, J. (2010, August 17). Spying for profits: The satellite image indicator. CNBC.

    https://www.cnbc.com/2010/08/17/Spying-For-Profits:-The-Satellite-Image-Indicator.html?slide=1

    Ellis, P. (2024). Research methods: Quantitative observation. Wounds UK, 20(2), 73-74.

    https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx?dire
    ct=true&db=cul&AN=178268293&site=ehost-live&scope=site

    Goldstein, J. (2010, August 19). With satellite images, Wall Street analysts spy on Wal-Mart. NPR.

    https://www.npr.org/sections/money/2010/08/19/129298095/with-satellite-images-wall-street-analysts-
    spy-on-wal-mart

    Kelly, S. M. (2022, October 2). Amazon is always watching. CNN.

    https://www.cnn.com/2022/10/02/tech/amazon-product-event/index.html

    Perera, A. (2021, May 28). What is the Hawthorne effect? Simply Psychology.

    https://www.simplypsychology.org/hawthorne-effect.html

    Perez, J. (2020, May 20). What’s so hot about heat mapping? Pinckney.

    https://pinckneymarketing.com/whats-so-hot-about-heat-mapping/

    Price, P. C., Jhangiani, R., Chiang, I. A., Leighton, D. C., & Cuttler, C. (2017). 6.5 Observational research. In

    Research methods in psychology. Pressbooks.
    https://opentext.wsu.edu/carriecuttler/chapter/observational-research/

    Soltani, A. (2016, April 30). Privacy trade-offs in retail tracking [Image]. Federal Trade Commission.

    https://www.ftc.gov/policy/advocacy-research/tech-at-ftc/2015/04/privacy-trade-offs-retail-tracking

    Zikmund, W. G., Babin, B. J., Carr, J. C., & Griffin, M. (2013). Business research methods (9th ed.). Cengage

    Learning.

    **UnitVStudyGuide.pdf**

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    **## ResearchDesignandMethodsRCH5301UnitVIPowerPointPresentation.docx**

    2

    Research Design and Methods RCH 5301

    **Unit VI PowerPoint Presentation**

    This PowerPoint Presentation measures your mastery of ULOs 1.1, 2.1, 2.3, 3.1, 4.1, and 4.3.

    Imagine you, the student, are the professor for this course. Drawing from the information presented in Units I-VI, create an 8-slide PowerPoint presentation with speaker notes communicating the most important aspects of research methods. Be sure to cover the following points:

    · Schematize philosophical assumptions, research worldviews, research methodologies, research traditions, and research designs.

    · Diagram differences between a quantitative methodological research strategy and qualitative research strategy.

    · Differentiate descriptive, explanatory, and exploratory research designs based on their unique characteristics.

    · Compare and contrast descriptive statistics and inferential statistics. Explain the relationship of population, sampling frame, sampling design, and generalization.

    · Illustrate the use of hypothesis testing in determining statistical significance.

    Each slide must have speaker notes that further explains the information on the slide. Your presentation must be at least eight slides in length, not including cover slide and references, and you must use at least two academic resources, one of which must come from the CSU Online Library. Any resources used must be cited and referenced in APA format.

    **## UnitIVStudyGuide.pdf**

    RCH 5301, Research Design and Methods 1

    Course Learning Outcomes for Unit IV

    At the end of this unit, you should be able to:

    2. Discriminate among the characteristics of qualitative and quantitative research methods.
    2.1 Deduce differences between a quantitative methodological research strategy and

    qualitative research strategy.
    2.2 Identify a primary research article in an academic journal where the researcher or

    researchers used a survey instrument and inferential statistics.

    3. Evaluate research designs.
    3.1 Differentiate between descriptive, explanatory, and exploratory research designs based on

    their unique characteristics.
    3.2 Analyze an academic study’s research design, analytical approach, data analysis

    procedures, data collection method, and sampling design.

    Required Unit Resources

    Chapter 3: The Use of Theory (ULOs 3.1 and 3.2)
    Read the following sections from this chapter:

    Quantitative Theory Use

    Chapter 4: Writing Strategies and Ethical Considerations (ULOs 3.1 and 3.2)

    Article: Research Methods: Quantitative Observation (ULOs 3.1 and 3.2)
    This article discusses using observation for quantitative data collection. (2 pages).

    Unit Lesson

    Lesson: Don’t Look Now, but You’re Being Observed (ULOs 3.1 and 3.2)

    Introduction

    Most of the focus of data collection in this course has been on the survey or self-completion questionnaire.
    While the survey is the most often used quantitative data collection method in research, there are other non-
    experimental methods for collecting data, such as structured observation, content analysis, and utilizing
    secondary data.

    Structured Observation

    As the name implies, structured observation is a process where the researcher systematically and visually
    examines and quantifies phenomena as they occur. While observation research is often associated with the
    qualitative research methodology, structured observation is decidedly quantitative. Characteristics of
    observation research that make it a positivist’s tool are that the variables to be studied are predetermined
    through the structure, and the variables are quantifiable. These are two conditions that are foreign to
    qualitative research.

    Variables under structured observation are varied. Virtually anything that can be counted can be studied
    through structured observation, including objects, time, events, words, clicks, people, and behavior. Even
    nonverbal communication can be observed and quantified, including facial expressions, body language, eye

    UNIT IV STUDY GUIDE
    Quantitative Research Using Naturally
    Occurring Data, Secondary Data, and
    Official Statistics

    RCH 5301, Research Design and Methods 2

    UNIT x STUDY GUIDE
    Title

    movements, personal space, gestures, and manners. For example, assume medical patients are under
    observation in a health care facility, and the predetermined variables to measure are facial expressions, body
    language, eye movements, personal space, manners, time, objects, demographics, and actions. The
    researcher might devise an observation schedule that includes the variables below.

    Was the purpose of the patient’s visit to:

    • seek treatment for a new medical concern (event)?
    • seek treatment for an existing medical condition (event)?

    When approached by the medical provider, did the patient:

    • smile, frown, or remain unchanged (facial expression)?
    • stand still, back away, or lean into the medical provider (personal space)?
    • shake the provider’s hand (manners)?
    • fold their arms or keep them dangling in a relaxed manner (body language)?
    • make steady eye contact or avoid looking at the provider directly (eye movement)?
    • mention the current condition that is being treated (words)?

    How much time did the patient:

    • speak with the provider (timing)?
    • engage in conversation with other patients (timing)?
    • spend in common areas (timing)?
    • isolate in their room (timing)?
    • handle common area activities, such as books (timing)?

    Which items did the patient handle while in the common area?

    • Educational literature (object)?
    • Magazines (object)?
    • Books (object)?
    • Board games (object)?

    What was the patient’s:

    • gender (demographics)?
    • age (demographics)?

    RCH 5301, Research Design and Methods 3

    UNIT x STUDY GUIDE
    Title

    Structured observation can take place in a controlled environment (i.e., contrived observation), such as a
    laboratory, but observation most often occurs in the participants’ natural environment, such as a field location
    or facility, which was used in the example above. Research outside of a lab has the potential for a more
    realistic and unbiased accounting of behavior since participants are unlikely to modify their actions to meet
    researcher expectations. In either case, the structured observation takes place without researcher
    intervention, although the research can be conducted overtly (i.e., undisguised observation) or covertly (i.e.,
    disguised observation). If conducted overtly, the participants are aware they are the subject of research. This
    can create bias since the participants are likely to modify their behavior to conform to how they think the
    researcher expects them to behave. This is known as reactivity. This is also known colloquially as the
    Hawthorne effect. The name originates from a series of 1920s industrial experiments conducted at Western
    Electric’s large Hawthorne plant in Cicero, Illinois. Although there were four different studies, the Illumination
    Experiments (1924–1927) were the most illuminating (pun intended) about the phenomenon called reactivity
    (Perera, 2021; Price et al., 2017).

    In the Illumination Experiments, researchers were seeking to determine if there was a relationship between
    the variables of illumination levels and factory productivity. They hypothesized that the relationship would be
    positive, meaning the variables would move in the same direction. For example, they guessed as illumination
    levels decreased, productivity would decrease, and as illumination levels increased, productivity would

    RCH 5301, Research Design and Methods 4

    UNIT x STUDY GUIDE
    Title

    increase. The researchers were surprised to find, however, that no matter the change in illumination,
    productivity increased. As illumination increased, productivity increased. As illumination decreased,
    productivity increased. It was determined that the workers’ awareness of being studied was severely biasing
    results. Interestingly, reactivity begins to wane over time as participants become desensitized to the presence
    of researchers, and their behaviors begin to normalize. This is precisely what occurred at the Hawthorne
    factory (Perera, 2021).

    To avoid bias from reactivity, observation research can be conducted covertly so that the participants are
    unaware that they are the subjects of research. While this can eliminate the risk of bias, it can potentially
    increase ethical risks. However, researchers generally accept covert observation as ethical if participants’
    anonymity is preserved, and the observation is performed in public where there is no expectation of privacy
    (Cooper & Schindler, 2014).

    Structured observation is very similar to naturalistic observation and participant observation, which are
    qualitative data collection methods. The difference between structured observation, naturalistic observation,
    and participant observation is that structured observation is intended to quantify a relatively small number of
    variables rather than record and interpret all the behaviors that are taking place (Price et al., 2017).

    It should be noted that everything that was discussed in previous units about sampling applies to structured
    observation; however, probability sampling can be challenging since it is often difficult to develop a sampling
    frame in observation studies. It then follows that making valid and reliable inferences about a population of
    interest, or generalizing results, can be difficult to achieve (Price et al., 2017).

    Structured Observation in Practice

    In addition to structured observation that occurs in participants’ natural environments, there are many other
    methods available to researchers to capture observation data. Many of these other methods use cutting-edge
    technology. The following describes examples of structured observation in practice, but this is nowhere near a
    complete list of all observation methods.

    Mechanical Observation

    It is not always possible or practical for researchers to observe the phenomena in real time in the participant’s
    natural environment. In these instances, mechanical observation is an effective alternative. Traffic cameras
    and other mechanical devices are commonly used to quantify usage of roadways and to identify traffic
    patterns that may be problematic. Video cameras and time-lapse photography are used in busy warehouses
    to improve the flow of product and safety for employees who are working around dangerous equipment.
    Nielsen Media Research uses mechanical observation to collect data on which television shows are being
    watched in households, on which television sets, who is watching them, and for how long. Arbitron performs
    similar observation research on radio audiences. Scanner-based observation is another mechanical means of
    capturing consumer purchase behavior data through scanned UPC codes. This is an easy way to collect large
    amounts of data that can be used to analyze the relationship between consumer behavior and variables like
    promotion and pricing (Cooper & Schindler, 2014).

    Satellite Imagery

    Observation from space is a unique example of observation research. Satellites are routinely used to observe
    activity at ports, shipping terminals, oil refineries, retail establishments, and farms. This data enables the
    quantification of shipping containers and vessel traffic in ports; supply of energy at oil refineries; consumer
    traffic at retail establishments like Walmart, Lowes, and McDonalds; and crop yields. Satellite data is then
    used to make inferences about economic activity (Eamon, 2010; Goldstein, 2010).

    Eye Tracking

    Eye tracking is a desirable observation method since it captures what subjects actually do rather than what
    they say they do. Eye tracking uses infrared-enabled webcam and wearable technology to quantify research
    participants’ conscious and unconscious eye movements to determine what they pay attention to (behavior)
    and for how long (timing). Eye tracking is useful for capturing participant data and the attention paid to online

    RCH 5301, Research Design and Methods 5

    UNIT x STUDY GUIDE
    Title

    stimuli. It is especially beneficial in online environments since eye-tracking data can be linked directly to
    behavior.

    Heat Mapping

    The purpose of heat mapping, like eye tracking, is to quantify human behavior using special technology. The
    technology is used to measure variables like cursor movements, scrolling activity, clicks and click-through
    rates, page views, and time per page for all website visitors. Activity is color coded, so high activity appears
    visually in gradients of red, and low activity appears as gradients of green. Heat mapping technology can also
    be used to create heat maps for consumer behavior and physical movements in retail establishments.
    Regardless of whether heat mapping is used for creating a visualization of behavior in digital or non-digital
    environments, the data can be used to make strategic decisions to improve the effectiveness of lower activity
    areas (Perez, 2020).

    Retail heat mapping (Soltani, 2015)

    Neuromarketing

    Neurofocus is a company that uses technology called quantified electroencephalography (QEEG) to measure
    a subject’s brain activity in different parts of their brain. The data is captured through discreet electrodes
    attached to the subject’s head and displayed in a format like a heat map. QEEG is like magnetic resonance
    imaging (MRI) technology, but it is mobile and allows the capture of data in dynamic environments. For
    example, electrodes can be attached to consumers to observe the alpha-wave brain activity as they engage
    in surfing the web. As their alpha-wave activity is triggered by interest in different websites, the researcher will
    observe their brain images that light in hotter gradients of red. As subject interest wanes, researchers will
    observe areas of the brain’s lighting in cooler gradients of green.

    Education

    Observation research is routinely used in many domains of interest, including education. For example,
    structured observation could be used in the classroom to quantify the number of questions asked by students
    during class time to determine if a relationship exists with grade point average.

    RCH 5301, Research Design and Methods 6

    UNIT x STUDY GUIDE
    Title

    Time and Motion

    Time and motion studies provide a great application for structured observation research. Quantifying the
    number of movements and time required to make those movements can be helpful in reducing waste,
    increasing efficiency, and raising safety awareness (Drew, 2022).

    Safety, Health Care, and Medicine

    Structured observation research in safety, health care, and medicine has been used to quantify the types,
    frequency, and severity of negative events across various departments, including operations, pharmacy,
    emergency, operating rooms, anesthesia, obstetrics, and intensive care. For example, the type, frequency,
    and severity of incorrect drug administration is easily quantifiable through observation research. In addition to
    improving operational efficiency, the most beneficial aspect of observation research in a safety or health care
    setting is the reduction of workplace accidents and illnesses and the detrimental effects of adverse care,
    including death (Carthey, 2003).

    Content Analysis

    Content analysis is like structured observation in that it is a quantitative process where the researcher
    systematically and visually examines and quantifies existing words, titles, subjects, actors, and images within
    published or unpublished print or digital media, including news articles, letters, emails, advertisements,
    television shows, and websites. The content analysis may measure either the inclusion or exclusion of the
    variable or variables under study. This should not be confused with the qualitative content analysis, which is
    subjective. In the qualitative content analysis, the researcher interprets and constructs meaning from the print
    or digital media. In quantitative content analysis, the researcher objectively quantifies what is found in the
    media and does not interject their values or interpret meaning. Content analysis would be an incredibly time-
    consuming and tedious exercise if it were done manually. Fortunately, there are technology solutions to
    facilitate this process so researchers can spend most of their time on data analysis rather than data collection
    (Zikmund et al., 2013).

    Secondary Data Analysis

    Secondary data analysis (i.e., archival research) is a quantitative approach to research using data that has
    already been collected for other purposes, by other people and researchers, such as academic study data,
    commercial and trade data, organizational data, and government data (Zikmund et al., 2013). For example,
    the scanner data mentioned above in the discussion on mechanical observation is normally collected by
    individual grocery store chains to monitor their own customers. However, the National Grocers Association
    could aggregate scanner data from their association members to share with the entire association, even those
    without access to their own scanner data. This would be a useful means of secondary data analysis.

    In Closing

    Many of the practical examples of structured observation make use of cutting-edge technology, and there is
    no stopping it. Technology is pervasive in society and is often used to surreptitiously capture consumer
    information through so-called surveillance products. See the examples below.

    • Smartwatches capture health, exercise, and sleep data.
    • Geolocation technology and GPS navigation apps track people’s activities and vehicle movements.
    • Smartphones, tablets, and laptops listen to their users.
    • Amazon’s Alexa and Apple's Siri capture user activity and listen to conversations.
    • Smart refrigerators, washing machines, and other appliances have listening capabilities.
    • Millions of users on social networking sites have no appreciation for privacy and gladly share their

    most intimate details.
    • Radio-frequency identification (RFID) chips used in toll passes, passports, payment mechanisms, and

    reward fobs track owners’ movements.

    Many consumers naively believe that marketers respect their privacy. Perhaps the most successful marketing
    organization in history, Amazon, has been caught collecting user conversations through Alexa without
    their knowledge. Since being caught with their hand in the cookie jar, Amazon now allows users to opt

    RCH 5301, Research Design and Methods 7

    UNIT x STUDY GUIDE
    Title

    out of this functionality, but many users are still unaware of this option or are simply unconcerned.
    Similarly, users of Gmail and Google Calendar open personal, business, and contact information that
    is available to Google to peruse at will, without requiring permission, and with no explanation required.
    Many other users are willing to trade privacy and confidentiality for convenience or productivity. Still, others
    are willing to swap their privacy for “free” services from companies like Google or Bing (Kelly, 2022).

    Experts in the field warn the public that the danger from these means of observation has never been more
    serious. The information that consumers share willingly and unwillingly with marketers can be accessed and
    abused by governments, hackers, and others (Kelly, 2022). For consumers, privacy and confidentiality should
    be a top concern, especially given the potential for search histories, location data, text messages, emails, and
    other digital information to be accessed, analyzed, and sold to third-party marketers and government
    agencies. Some would say that George Orwell’s vision in 1984 is alive and well in today’s society, and it is
    being facilitated through observation research technology. Researchers should enjoy the efficiency and
    quality of data provided through observation research technology, but they should always be mindful to do no
    harm.

    References

    Carthey, J. (2003). The role of structured observational research in health care. BMJ Publishing Group Ltd. &

    The Health Foundation. https://qualitysafety.bmj.com/content/12/suppl_2/ii13

    Cooper, D. R., & Schindler, P. S. (2014). Business research methods (12th ed.). McGraw-Hill.

    Creswell, J. W., & Creswell, J. D. (2022). Research design: Qualitative, quantitative, and mixed methods

    approaches (6th ed.). SAGE. https://online.vitalsource.com/#/books/9781071817964

    Drew, C. (2022, October 23). 10 observational research examples. The Helpful Professor.

    https://helpfulprofessor.com/observational-research-examples/

    Eamon, J. (2010, August 17). Spying for profits: The satellite image indicator. CNBC.

    https://www.cnbc.com/2010/08/17/Spying-For-Profits:-The-Satellite-Image-Indicator.html?slide=1

    Ellis, P. (2024). Research methods: Quantitative observation. Wounds UK, 20(2), 73-74.

    https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx?dire
    ct=true&db=cul&AN=178268293&site=ehost-live&scope=site

    Goldstein, J. (2010, August 19). With satellite images, Wall Street analysts spy on Wal-Mart. NPR.

    https://www.npr.org/sections/money/2010/08/19/129298095/with-satellite-images-wall-street-analysts-
    spy-on-wal-mart

    Kelly, S. M. (2022, October 2). Amazon is always watching. CNN.

    https://www.cnn.com/2022/10/02/tech/amazon-product-event/index.html

    Perera, A. (2021, May 28). What is the Hawthorne effect? Simply Psychology.

    https://www.simplypsychology.org/hawthorne-effect.html

    Perez, J. (2020, May 20). What’s so hot about heat mapping? Pinckney.

    https://pinckneymarketing.com/whats-so-hot-about-heat-mapping/

    Price, P. C., Jhangiani, R., Chiang, I. A., Leighton, D. C., & Cuttler, C. (2017). 6.5 Observational research. In

    Research methods in psychology. Pressbooks.
    https://opentext.wsu.edu/carriecuttler/chapter/observational-research/

    Soltani, A. (2016, April 30). Privacy trade-offs in retail tracking [Image]. Federal Trade Commission.

    https://www.ftc.gov/policy/advocacy-research/tech-at-ftc/2015/04/privacy-trade-offs-retail-tracking

    Zikmund, W. G., Babin, B. J., Carr, J. C., & Griffin, M. (2013). Business research methods (9th ed.). Cengage

    Learning.

    **UnitVStudyGuide.pdf**

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    **## ResearchDesignandMethodsRCH5301UnitVIPowerPointPresentation.docx**

    2

    Research Design and Methods RCH 5301

    **Unit VI PowerPoint Presentation**

    This PowerPoint Presentation measures your mastery of ULOs 1.1, 2.1, 2.3, 3.1, 4.1, and 4.3.

    Imagine you, the student, are the professor for this course. Drawing from the information presented in Units I-VI, create an 8-slide PowerPoint presentation with speaker notes communicating the most important aspects of research methods. Be sure to cover the following points:

    · Schematize philosophical assumptions, research worldviews, research methodologies, research traditions, and research designs.

    · Diagram differences between a quantitative methodological research strategy and qualitative research strategy.

    · Differentiate descriptive, explanatory, and exploratory research designs based on their unique characteristics.

    · Compare and contrast descriptive statistics and inferential statistics. Explain the relationship of population, sampling frame, sampling design, and generalization.

    · Illustrate the use of hypothesis testing in determining statistical significance.

    Each slide must have speaker notes that further explains the information on the slide. Your presentation must be at least eight slides in length, not including cover slide and references, and you must use at least two academic resources, one of which must come from the CSU Online Library. Any resources used must be cited and referenced in APA format.

    **## UnitIVStudyGuide.pdf**

    RCH 5301, Research Design and Methods 1

    Course Learning Outcomes for Unit IV

    At the end of this unit, you should be able to:

    2. Discriminate among the characteristics of qualitative and quantitative research methods.
    2.1 Deduce differences between a quantitative methodological research strategy and

    qualitative research strategy.
    2.2 Identify a primary research article in an academic journal where the researcher or

    researchers used a survey instrument and inferential statistics.

    3. Evaluate research designs.
    3.1 Differentiate between descriptive, explanatory, and exploratory research designs based on

    their unique characteristics.
    3.2 Analyze an academic study’s research design, analytical approach, data analysis

    procedures, data collection method, and sampling design.

    Required Unit Resources

    Chapter 3: The Use of Theory (ULOs 3.1 and 3.2)
    Read the following sections from this chapter:

    Quantitative Theory Use

    Chapter 4: Writing Strategies and Ethical Considerations (ULOs 3.1 and 3.2)

    Article: Research Methods: Quantitative Observation (ULOs 3.1 and 3.2)
    This article discusses using observation for quantitative data collection. (2 pages).

    Unit Lesson

    Lesson: Don’t Look Now, but You’re Being Observed (ULOs 3.1 and 3.2)

    Introduction

    Most of the focus of data collection in this course has been on the survey or self-completion questionnaire.
    While the survey is the most often used quantitative data collection method in research, there are other non-
    experimental methods for collecting data, such as structured observation, content analysis, and utilizing
    secondary data.

    Structured Observation

    As the name implies, structured observation is a process where the researcher systematically and visually
    examines and quantifies phenomena as they occur. While observation research is often associated with the
    qualitative research methodology, structured observation is decidedly quantitative. Characteristics of
    observation research that make it a positivist’s tool are that the variables to be studied are predetermined
    through the structure, and the variables are quantifiable. These are two conditions that are foreign to
    qualitative research.

    Variables under structured observation are varied. Virtually anything that can be counted can be studied
    through structured observation, including objects, time, events, words, clicks, people, and behavior. Even
    nonverbal communication can be observed and quantified, including facial expressions, body language, eye

    UNIT IV STUDY GUIDE
    Quantitative Research Using Naturally
    Occurring Data, Secondary Data, and
    Official Statistics

    RCH 5301, Research Design and Methods 2

    UNIT x STUDY GUIDE
    Title

    movements, personal space, gestures, and manners. For example, assume medical patients are under
    observation in a health care facility, and the predetermined variables to measure are facial expressions, body
    language, eye movements, personal space, manners, time, objects, demographics, and actions. The
    researcher might devise an observation schedule that includes the variables below.

    Was the purpose of the patient’s visit to:

    • seek treatment for a new medical concern (event)?
    • seek treatment for an existing medical condition (event)?

    When approached by the medical provider, did the patient:

    • smile, frown, or remain unchanged (facial expression)?
    • stand still, back away, or lean into the medical provider (personal space)?
    • shake the provider’s hand (manners)?
    • fold their arms or keep them dangling in a relaxed manner (body language)?
    • make steady eye contact or avoid looking at the provider directly (eye movement)?
    • mention the current condition that is being treated (words)?

    How much time did the patient:

    • speak with the provider (timing)?
    • engage in conversation with other patients (timing)?
    • spend in common areas (timing)?
    • isolate in their room (timing)?
    • handle common area activities, such as books (timing)?

    Which items did the patient handle while in the common area?

    • Educational literature (object)?
    • Magazines (object)?
    • Books (object)?
    • Board games (object)?

    What was the patient’s:

    • gender (demographics)?
    • age (demographics)?

    RCH 5301, Research Design and Methods 3

    UNIT x STUDY GUIDE
    Title

    Structured observation can take place in a controlled environment (i.e., contrived observation), such as a
    laboratory, but observation most often occurs in the participants’ natural environment, such as a field location
    or facility, which was used in the example above. Research outside of a lab has the potential for a more
    realistic and unbiased accounting of behavior since participants are unlikely to modify their actions to meet
    researcher expectations. In either case, the structured observation takes place without researcher
    intervention, although the research can be conducted overtly (i.e., undisguised observation) or covertly (i.e.,
    disguised observation). If conducted overtly, the participants are aware they are the subject of research. This
    can create bias since the participants are likely to modify their behavior to conform to how they think the
    researcher expects them to behave. This is known as reactivity. This is also known colloquially as the
    Hawthorne effect. The name originates from a series of 1920s industrial experiments conducted at Western
    Electric’s large Hawthorne plant in Cicero, Illinois. Although there were four different studies, the Illumination
    Experiments (1924–1927) were the most illuminating (pun intended) about the phenomenon called reactivity
    (Perera, 2021; Price et al., 2017).

    In the Illumination Experiments, researchers were seeking to determine if there was a relationship between
    the variables of illumination levels and factory productivity. They hypothesized that the relationship would be
    positive, meaning the variables would move in the same direction. For example, they guessed as illumination
    levels decreased, productivity would decrease, and as illumination levels increased, productivity would

    RCH 5301, Research Design and Methods 4

    UNIT x STUDY GUIDE
    Title

    increase. The researchers were surprised to find, however, that no matter the change in illumination,
    productivity increased. As illumination increased, productivity increased. As illumination decreased,
    productivity increased. It was determined that the workers’ awareness of being studied was severely biasing
    results. Interestingly, reactivity begins to wane over time as participants become desensitized to the presence
    of researchers, and their behaviors begin to normalize. This is precisely what occurred at the Hawthorne
    factory (Perera, 2021).

    To avoid bias from reactivity, observation research can be conducted covertly so that the participants are
    unaware that they are the subjects of research. While this can eliminate the risk of bias, it can potentially
    increase ethical risks. However, researchers generally accept covert observation as ethical if participants’
    anonymity is preserved, and the observation is performed in public where there is no expectation of privacy
    (Cooper & Schindler, 2014).

    Structured observation is very similar to naturalistic observation and participant observation, which are
    qualitative data collection methods. The difference between structured observation, naturalistic observation,
    and participant observation is that structured observation is intended to quantify a relatively small number of
    variables rather than record and interpret all the behaviors that are taking place (Price et al., 2017).

    It should be noted that everything that was discussed in previous units about sampling applies to structured
    observation; however, probability sampling can be challenging since it is often difficult to develop a sampling
    frame in observation studies. It then follows that making valid and reliable inferences about a population of
    interest, or generalizing results, can be difficult to achieve (Price et al., 2017).

    Structured Observation in Practice

    In addition to structured observation that occurs in participants’ natural environments, there are many other
    methods available to researchers to capture observation data. Many of these other methods use cutting-edge
    technology. The following describes examples of structured observation in practice, but this is nowhere near a
    complete list of all observation methods.

    Mechanical Observation

    It is not always possible or practical for researchers to observe the phenomena in real time in the participant’s
    natural environment. In these instances, mechanical observation is an effective alternative. Traffic cameras
    and other mechanical devices are commonly used to quantify usage of roadways and to identify traffic
    patterns that may be problematic. Video cameras and time-lapse photography are used in busy warehouses
    to improve the flow of product and safety for employees who are working around dangerous equipment.
    Nielsen Media Research uses mechanical observation to collect data on which television shows are being
    watched in households, on which television sets, who is watching them, and for how long. Arbitron performs
    similar observation research on radio audiences. Scanner-based observation is another mechanical means of
    capturing consumer purchase behavior data through scanned UPC codes. This is an easy way to collect large
    amounts of data that can be used to analyze the relationship between consumer behavior and variables like
    promotion and pricing (Cooper & Schindler, 2014).

    Satellite Imagery

    Observation from space is a unique example of observation research. Satellites are routinely used to observe
    activity at ports, shipping terminals, oil refineries, retail establishments, and farms. This data enables the
    quantification of shipping containers and vessel traffic in ports; supply of energy at oil refineries; consumer
    traffic at retail establishments like Walmart, Lowes, and McDonalds; and crop yields. Satellite data is then
    used to make inferences about economic activity (Eamon, 2010; Goldstein, 2010).

    Eye Tracking

    Eye tracking is a desirable observation method since it captures what subjects actually do rather than what
    they say they do. Eye tracking uses infrared-enabled webcam and wearable technology to quantify research
    participants’ conscious and unconscious eye movements to determine what they pay attention to (behavior)
    and for how long (timing). Eye tracking is useful for capturing participant data and the attention paid to online

    RCH 5301, Research Design and Methods 5

    UNIT x STUDY GUIDE
    Title

    stimuli. It is especially beneficial in online environments since eye-tracking data can be linked directly to
    behavior.

    Heat Mapping

    The purpose of heat mapping, like eye tracking, is to quantify human behavior using special technology. The
    technology is used to measure variables like cursor movements, scrolling activity, clicks and click-through
    rates, page views, and time per page for all website visitors. Activity is color coded, so high activity appears
    visually in gradients of red, and low activity appears as gradients of green. Heat mapping technology can also
    be used to create heat maps for consumer behavior and physical movements in retail establishments.
    Regardless of whether heat mapping is used for creating a visualization of behavior in digital or non-digital
    environments, the data can be used to make strategic decisions to improve the effectiveness of lower activity
    areas (Perez, 2020).

    Retail heat mapping (Soltani, 2015)

    Neuromarketing

    Neurofocus is a company that uses technology called quantified electroencephalography (QEEG) to measure
    a subject’s brain activity in different parts of their brain. The data is captured through discreet electrodes
    attached to the subject’s head and displayed in a format like a heat map. QEEG is like magnetic resonance
    imaging (MRI) technology, but it is mobile and allows the capture of data in dynamic environments. For
    example, electrodes can be attached to consumers to observe the alpha-wave brain activity as they engage
    in surfing the web. As their alpha-wave activity is triggered by interest in different websites, the researcher will
    observe their brain images that light in hotter gradients of red. As subject interest wanes, researchers will
    observe areas of the brain’s lighting in cooler gradients of green.

    Education

    Observation research is routinely used in many domains of interest, including education. For example,
    structured observation could be used in the classroom to quantify the number of questions asked by students
    during class time to determine if a relationship exists with grade point average.

    RCH 5301, Research Design and Methods 6

    UNIT x STUDY GUIDE
    Title

    Time and Motion

    Time and motion studies provide a great application for structured observation research. Quantifying the
    number of movements and time required to make those movements can be helpful in reducing waste,
    increasing efficiency, and raising safety awareness (Drew, 2022).

    Safety, Health Care, and Medicine

    Structured observation research in safety, health care, and medicine has been used to quantify the types,
    frequency, and severity of negative events across various departments, including operations, pharmacy,
    emergency, operating rooms, anesthesia, obstetrics, and intensive care. For example, the type, frequency,
    and severity of incorrect drug administration is easily quantifiable through observation research. In addition to
    improving operational efficiency, the most beneficial aspect of observation research in a safety or health care
    setting is the reduction of workplace accidents and illnesses and the detrimental effects of adverse care,
    including death (Carthey, 2003).

    Content Analysis

    Content analysis is like structured observation in that it is a quantitative process where the researcher
    systematically and visually examines and quantifies existing words, titles, subjects, actors, and images within
    published or unpublished print or digital media, including news articles, letters, emails, advertisements,
    television shows, and websites. The content analysis may measure either the inclusion or exclusion of the
    variable or variables under study. This should not be confused with the qualitative content analysis, which is
    subjective. In the qualitative content analysis, the researcher interprets and constructs meaning from the print
    or digital media. In quantitative content analysis, the researcher objectively quantifies what is found in the
    media and does not interject their values or interpret meaning. Content analysis would be an incredibly time-
    consuming and tedious exercise if it were done manually. Fortunately, there are technology solutions to
    facilitate this process so researchers can spend most of their time on data analysis rather than data collection
    (Zikmund et al., 2013).

    Secondary Data Analysis

    Secondary data analysis (i.e., archival research) is a quantitative approach to research using data that has
    already been collected for other purposes, by other people and researchers, such as academic study data,
    commercial and trade data, organizational data, and government data (Zikmund et al., 2013). For example,
    the scanner data mentioned above in the discussion on mechanical observation is normally collected by
    individual grocery store chains to monitor their own customers. However, the National Grocers Association
    could aggregate scanner data from their association members to share with the entire association, even those
    without access to their own scanner data. This would be a useful means of secondary data analysis.

    In Closing

    Many of the practical examples of structured observation make use of cutting-edge technology, and there is
    no stopping it. Technology is pervasive in society and is often used to surreptitiously capture consumer
    information through so-called surveillance products. See the examples below.

    • Smartwatches capture health, exercise, and sleep data.
    • Geolocation technology and GPS navigation apps track people’s activities and vehicle movements.
    • Smartphones, tablets, and laptops listen to their users.
    • Amazon’s Alexa and Apple's Siri capture user activity and listen to conversations.
    • Smart refrigerators, washing machines, and other appliances have listening capabilities.
    • Millions of users on social networking sites have no appreciation for privacy and gladly share their

    most intimate details.
    • Radio-frequency identification (RFID) chips used in toll passes, passports, payment mechanisms, and

    reward fobs track owners’ movements.

    Many consumers naively believe that marketers respect their privacy. Perhaps the most successful marketing
    organization in history, Amazon, has been caught collecting user conversations through Alexa without
    their knowledge. Since being caught with their hand in the cookie jar, Amazon now allows users to opt

    RCH 5301, Research Design and Methods 7

    UNIT x STUDY GUIDE
    Title

    out of this functionality, but many users are still unaware of this option or are simply unconcerned.
    Similarly, users of Gmail and Google Calendar open personal, business, and contact information that
    is available to Google to peruse at will, without requiring permission, and with no explanation required.
    Many other users are willing to trade privacy and confidentiality for convenience or productivity. Still, others
    are willing to swap their privacy for “free” services from companies like Google or Bing (Kelly, 2022).

    Experts in the field warn the public that the danger from these means of observation has never been more
    serious. The information that consumers share willingly and unwillingly with marketers can be accessed and
    abused by governments, hackers, and others (Kelly, 2022). For consumers, privacy and confidentiality should
    be a top concern, especially given the potential for search histories, location data, text messages, emails, and
    other digital information to be accessed, analyzed, and sold to third-party marketers and government
    agencies. Some would say that George Orwell’s vision in 1984 is alive and well in today’s society, and it is
    being facilitated through observation research technology. Researchers should enjoy the efficiency and
    quality of data provided through observation research technology, but they should always be mindful to do no
    harm.

    References

    Carthey, J. (2003). The role of structured observational research in health care. BMJ Publishing Group Ltd. &

    The Health Foundation. https://qualitysafety.bmj.com/content/12/suppl_2/ii13

    Cooper, D. R., & Schindler, P. S. (2014). Business research methods (12th ed.). McGraw-Hill.

    Creswell, J. W., & Creswell, J. D. (2022). Research design: Qualitative, quantitative, and mixed methods

    approaches (6th ed.). SAGE. https://online.vitalsource.com/#/books/9781071817964

    Drew, C. (2022, October 23). 10 observational research examples. The Helpful Professor.

    https://helpfulprofessor.com/observational-research-examples/

    Eamon, J. (2010, August 17). Spying for profits: The satellite image indicator. CNBC.

    https://www.cnbc.com/2010/08/17/Spying-For-Profits:-The-Satellite-Image-Indicator.html?slide=1

    Ellis, P. (2024). Research methods: Quantitative observation. Wounds UK, 20(2), 73-74.

    https://libraryresources.columbiasouthern.edu/login?url=https://search.ebscohost.com/login.aspx?dire
    ct=true&db=cul&AN=178268293&site=ehost-live&scope=site

    Goldstein, J. (2010, August 19). With satellite images, Wall Street analysts spy on Wal-Mart. NPR.

    https://www.npr.org/sections/money/2010/08/19/129298095/with-satellite-images-wall-street-analysts-
    spy-on-wal-mart

    Kelly, S. M. (2022, October 2). Amazon is always watching. CNN.

    https://www.cnn.com/2022/10/02/tech/amazon-product-event/index.html

    Perera, A. (2021, May 28). What is the Hawthorne effect? Simply Psychology.

    https://www.simplypsychology.org/hawthorne-effect.html

    Perez, J. (2020, May 20). What’s so hot about heat mapping? Pinckney.

    https://pinckneymarketing.com/whats-so-hot-about-heat-mapping/

    Price, P. C., Jhangiani, R., Chiang, I. A., Leighton, D. C., & Cuttler, C. (2017). 6.5 Observational research. In

    Research methods in psychology. Pressbooks.
    https://opentext.wsu.edu/carriecuttler/chapter/observational-research/

    Soltani, A. (2016, April 30). Privacy trade-offs in retail tracking [Image]. Federal Trade Commission.

    https://www.ftc.gov/policy/advocacy-research/tech-at-ftc/2015/04/privacy-trade-offs-retail-tracking

    Zikmund, W. G., Babin, B. J., Carr, J. C., & Griffin, M. (2013). Business research methods (9th ed.). Cengage

    Learning.

    **UnitVStudyGuide.pdf**

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