Unit 2 - Individual Project - CTU - MGMT600
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Unit2IndividualProject.pptxApplied Managerial Decision-Making MGMT600-1804A-02 Instructor: Ryan Tipton Unit 2 – Individual Project Summarize and Present Information in a Meaning Way Wednesday 17, 2018
Big D Incorporated
Recommendations to the Board of Directors
Market Feasibility Assessment
| Household Income Chicago U.S. U.S. Chicago | ||||||||||||||||||
| Median Household Income | $69,311 | $42,257 | $42,257 | Population | 281,421,906 | 281,421,906 | 64,635 | 64,635 | 64,635 | |||||||||
| Average Household Income | $114,615 | $56,643 | $56,643 | Total Households | 105,480,101 | 105,480,101 | 35,975 | 35,975 | 35,975 | |||||||||
| Per Capita Income | $63,791 | $21,231 | $21,231 | Total Workers | 103,811,842 | 103,811,842 | 45,551 | 45,551 | 45,551 | |||||||||
| 2000 Education Attainment | ||||||||||||||||||
| Chicago U.S. | ||||||||||||||||||
| K – 9 | 1.95% | 6.11% | ||||||||||||||||
| 9TH – 11TH | 3.19% | 12.05% | ||||||||||||||||
| High School Graduate | 5.60% | 28.63% | ||||||||||||||||
| Did NOT Graduate H.S. | 3.19% | 12.05% | ||||||||||||||||
| Associates Degree | 1.90% | 6.32% | ||||||||||||||||
| Bachelors Degree | 44.19% | 15.54% | ||||||||||||||||
| Graduate Degree | 33.99% | 8.86% |
Education has higher impacts in defining the competence of an employee of the job they can get.
In this situation the high percentages rate of workers in Chicago as compared to those in U.S. is highly affected by the rate of education skills and knowledge received in Chicago in K-9 and in higher learning.
Additionally, the rate of individuals who are educated in U.S. are relatively low when compared to those in Chicago.
Therefore, it becomes hard for them to secure good jobs because they have not attained adequate educational levels (
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Most available jobs today around Chicago and U.S. requires households who are highly competitive in the fields.
In this situation it seems difficult as most households in U.S. do not attain the sort educational trainings and skills necessary to fulfill the principles demands of any job.
From the education statistics in Chicago, its high percentages of workers is due to greater availability of graduates from college bachelors and college degree graduates who are highly competitive in influencing the high rate of household incomes.
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2000 Education Attainment
US
School: K - 9th School: 9th - 11th grade no diploma School: H.S. Grad College: Some College College: Associates College: Bachelors College: Grad Degree 6.1100000000000002E-2 0.1205 0.2863 0.21049999999999999 6.3200000000000006E-2 0.15540000000000001 8.8599999999999998E-2 Chicago
School: K - 9th School: 9th - 11th grade no diploma School: H.S. Grad College: Some College College: Associates College: Bachelors College: Grad Degree 1.95E-2 3.1899999999999998E-2 5.6000000000000001E-2 8.72E-2 1.9E-2 0.44190000000000002 0.33989999999999998
When individuals are adequately educated the chances of getting jobs across the world are high.
In this situation the high percentage of income in Chicago is contributed by the high levels of educated grandaunts who are competent and able to secure most jobs in the state when compared to those in U.S.
In addition, most of this workers in Chicago, earn high amounts of incomes when compared to those in U.S.
This stands to be a reason why the are high incomes in Chicago than in U.S.
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Household Income
US
Median Average Per Capita 42257 56643 21231 Chicago
Median Average Per Capita 69311 114615 63791
Most of Chicagoans population are employed and thus this might be the reason why the State is able to attain sustainable education for its population.
In addition, most individuals who are employed in Chicago get employed when they are yet in marriages.
This means that most of them take a lot of time while studying in contrast to those in U.S.
These means that they do not have high responsibilities to utilize their incomes, as in U.S. therefore, increasing the levels of income in Chicago.
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MARITAL STATUS
Divorced
US CHICAGO 9.7500000000000003E-2 7.5899999999999995E-2 Never Married
US CHICAGO 0.27100000000000002 0.54200000000000004 Now Married
US CHICAGO 0.51129999999999998 0.3095 Separated
US CHICAGO 5.3999999999999999E-2 3.7999999999999999E-2 Widowed
US CHICAGO 6.6299999999999998E-2 3.4599999999999999E-2
POPULATION
Employment
In Chicago education is attainable due to higher rates of household incomes when compared to U.S. because the population around the State has build a culture which minimizes the rate of school dropouts.
In most households where they have high incomes, high chances are that they will educate their children very well across the state in contrast to U.S. thus minimizing the rates of dropouts.
Additionally, more individuals across Chicago are employed meaning they are stable to support themselves to attain higher levels of education.
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US
US Employed Unemployed 103811842 177610064
Chicago
Chicago Employed Unemployed 45551 19084
Questions to Consider
1. Is the reason for the high percentage of workers have to do with the education they attained and availability of in Chicago vs U.S.?
2. Does the high percentage of income in Chicago contributed to the greater level of employment by Chicagoans?
3. Is the reason higher education is attainable due to the greater amount of household income?
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References:
Tableau Public. (n.d.). Retrieved November 11, 2014 from http://www.tableausoftware.com/public/
Tipton, R. (2018). MGMT600 live chat 2. Retrieved from Colorado Technical University, MGMT600-1804A-02, Applied managerial decision-making: https://ctuadobeconnect.careerredonline.com
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