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The Exploratory Factor Analysis method (EFA) is a technique that can be used for uncovering the underlying structure (dimensions) of a large set of variables. Therefore, EFA reduces a large set of variables to a couple of underlying factors. Example: You have set up a questionnaire about customer satisfaction in the civil aviation industry (United Airlines, Delta, Lufthansa). You have identified 30 items to describe and evaluate customer satisfaction (e.g. "convenience of buying tickets", "convenience of checking-in", "environment of the lounges", "friendliness of the flight attendants", "fulfilling special desires", "quality of food on board", "comfort of the seats", "special offers

Arindam Chaudhuri is the Hony. Dean of the Centre for Economic Research & Advanced Studies at IIPM, New Delhi On Theory Management Only for CEOs, Presidents, MDs, Directors, & VPs Investment Rs.25,000/- per participant Date : 17th November, 2000 Timing : 2 p.m. to 8 p.m. followed by dinner Venue : Taj President, Mumbai

The Information Theory Society of the Institute of Electrical and Electronics Engineers has recognized electrical engineering professor Sergio Verdu with its most prestigious honor, the 2007 Claude E. Shannon Award, for his consistent and profound contributions to the field of information theory. In June, Verdu delivered the Shannon Lecture at the IEEE International Symposium on Information Theory in Nice, France. Verdu, who also is affiliated with the Program in Applied and Computational Mathematics, explores the fundamental limits of data transmission and compression systems in his research. He joined the University faculty in 1984 after receiving his Ph.D. in electrical engineering from the

The Expectancy Theory of Victor Vroom deals with motivation and management. Vroom's theory assumes that behavior is a result from conscious choices among alternatives. The purpose of the choices is to maximize pleasure and minimize pain. Together with Edward Lawler and Lyman Porter, Vroom suggested that the relationship between people's behavior at work and their goals was not as simple as was first imagined by other scientists. Vroom realized that an employee's performance is based on individual factors such as personality, skills, knowledge, experience and abilities. The expectancy theory says that individuals have different sets of goals and can be

The decline Sumantra Ghosal is a great loss for researchers and practitioners even in the field of strategic management and leadership. By CK Prahalad, Ghosal was one of two Indians in recent times, the weightiest contributions to the theory and practice of strategic management. During Prahalad building the heart of its competence in resource based on the expanded vision of the first company Edith Penrose, in the late 1950's and later by Birger Wernerfelt in the years 1980, Ghosal, for its part, constructed on the perspective skills Prahalad For a new perspective not only of the company, but the economy as a

B-schools just teach 'theory' In today's rapidly changing global economy, upper management in most companies are becoming increasingly dependent on junior managers to take "complete ownership" in their areas of activity. In fact, asking them to function more or less as entrepreneurs themselves! That can be exciting. But are most of our MBA graduates ready? A tremendous amount of learning happens both inside and outside the classroom. While the breadth of material covered does not leave room for as much depth, the degree definitely leaves the graduating student confident of the theoretical exposure that he has acquired, coupled with the urge to try

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