The paper "OzWidget Company Analysis" is a perfect example of a business case study. Two sets of data were provided for eight states and two export categories. The researcher used the data to make statistical analysis using regression analysis aided by Microsoft Excel Spreadsheet. From the regression output, the report suggests that OzWidget Company be relocated to Western Australia to minimise costs to customers. With respect to this relocation, the firm should also seek to recruit from the UK. This is because there is a ready labour supply in the UK.
From raw data on world mineral deposits and production, China and Brazil are recommended to be the new foreign markets for OzWidget Company. They provide the best combination of mineral categories relevant to the operations of the OzWidget Company. However, such moves should be made after further analysis of the individual markets. Introduction OzWidget is an Australian manufacturer of mining equipment, under the same brand name - the OzWidget. OzWidget currently operates only in Australia, serving its Australian customers which include BHP Billiton, Rio Tinto, Woodside Petroleum and many others in the mining and exploration industry.
Its office and manufacturing plant are in Launceston, Tasmania. The Chief Executive Officer (CEO) Mr Barry Cade has been terminated by the Board as he had resisted all efforts to expand the business. The Board has now appointed a new CEO, Ms Anna Prentice, to pursue opportunities for growth and decide on the need for relocation. This report will use data from national exports on products and total state exports to inform these decisions through regression analysis. Background knowledge The OzWidget is a success in the market and is poised for greater growth.
Currently, clients using the OzWidget have reported an average of 25% increase in production per day compared to traditional extraction methods. Thus the OzWidget is in high demand in commercial mining and petroleum/gas extraction in Australia.
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