Identify One Independent Variable And One Dependent Variable
Identifyone Independent Variable And One Dependent Variable Based On
Identify one independent variable and one dependent variable based on the business. Operationalize these variables if they are too abstract to measure. Company name Nextflex. 100 words with one reference!
Paper For Above instruction
The primary step in establishing a research framework for Nextflex involves selecting an independent variable that influences the company's performance and a dependent variable that reflects the outcome of interest. For instance, in the context of Nextflex, "investment in research and development (R&D) activities" serves as an independent variable that potentially impacts "product innovation" as a dependent variable. Operationalizing these variables involves quantifying R&D investment through annual expenditure figures and measuring product innovation through the number of new products introduced within a year. These measurable indicators enable precise analysis of how R&D spend influences innovation, aligning with scholarly frameworks on technological advancement's role in business growth (Chen & Huang, 2020).
Reference:
Chen, Y., & Huang, J. (2020). Innovation and Business Performance: An Empirical Study of Technology Firms. Journal of Business Research, 112, 304-312.