Quantitative Methods Exam Paper Term Example | Topics and Well Written Essays - 1000 words

Quantitative Methods Exam - Term Paper Example This over the long haul bolsters precision and precision of exploration directed. ( Thompson 2002) a. Procedure pilot considers are led to decide the achievability steps to be followed in the primary examination. Possibility steps must have all the essentials of basic factual procedures. At the point when the plausibility steps are not as required, they may delude the end on whether the venture can be attempted or not. b. The board Pilot contemplates help tackle all the human and information the executives issues in all the taking an interest habitats of the exploration procedure like faculty and information. The board is compulsory in any exploration since along with arranging one would have the option to limit all the expenses of leading examination and drawing out the discoveries unmistakably. c. Assets pilot examines spare a ton of time and cash by anticipating research that can be ineffective whenever done since they give enough information to analysts to dynamic. Choices on the assets to utilize and those not to utilize can without much of a stretch be made thus help save money on the important expenses. (Dunn and Clark 1994) I. Characterize the populace concerned-This is the premise of an effective measurable practice as it incorporates the meaning of the example from which our example is picked. This contains things with the ideal qualities wanted by the body. The pith of this is there are no enough assets to accumulate data from all the things in the populace. II. Indicate the example outline. This incorporates a lot of things, which would be estimated. This aides in the ID of each single component to be remembered for the characterized test. This is fittingly done by posting all the components of the populace with their contact data. VI. Do the genuine examining and information assortment. Great information assortment will include following the characterized procedure, keeping information in a convenient

Employee Recognition Programs Essay

All business substances, large or little, have human asset. Normally known as workers, these individuals are an organization’s most important resource. These are people inside the firm who fill in as the organization’s human capital and work toward accomplishing the objectives of the organization. Without human workforce, foundations won't have the option to play out its everyday activities. Regardless of whether an association isn't work serious, it is incontestable that a firm despite everything needs human asset to oversee and investigate its endeavors, and consistently push the organization towards appropriate organization, gainfulness and achievement. The upgrades and changes in the business and economy other than expanded consciousness of representatives as an important asset has changed the concentration from controlling to dealing with this resource† (Purdy, 2007). As an ever increasing number of associations depend on human workforce, there is presently the need to deal with the most unique asset of an organization, who are its representatives. Enrolling the correct sort of representatives and preparing them to become gainful are not just the appearing commitment of an organization. Be that as it may, all the more critically, keeping these representatives propelled won't just improve them by and by yet will empower superior, which will profit the association too. â€Å"Employee confidence inside an association directly affects the fulfillment level of its clients and the company’s extreme success† (Fretwell, 2002, p. 1). Hence, organizations perform various types of worker acknowledgment programs that will fundamentally improve representative confidence. One significant detail to recollect is that the pioneer of the association must be able to distinguish and perceive decrease in worker assurance, factors causing such, and acknowledgment of this condition. After which, there are numerous practical zones to take a shot at to have the option to work out and clean up the issue. It is essential to begin with the administration. One of the most significant advances is to compare. Correspondence is consistently significant in keeping up a smooth proficient connection among representatives and the administration. Urge the workers to approach with issues, recommendations, clashes, objections, and criticisms. Listen cautiously; don't leave the workers hanging. Along these lines, the executives will have the option to know plainly what elements are making the representatives act so that breaks down their work. Additionally, they will have the option to know the numerous perspectives of the representatives, which if appropriately took care of, may have the impact of high assurance. This strategy has consistently been basic and costs nothing by any stretch of the imagination! Besides it gives a ground-breaking answer for spirit issues. When the pioneers know the issue, it is simpler to discover plausible arrangements and methods of improving the regard of the representatives. Ensure the representatives have an away from of their expert objectives inside the association. Stay up with the latest about the business, causing them to feel increasingly included. Support imagination and be predictable in the organization of rules and strategies. Along these lines, the workers won't feel they are being treated with bias once they get punished for botches. Cause them to comprehend what they are experiencing. Notwithstanding, here and there, letting the representatives accomplish they own work is the thing that they need. They need to feel they are trusted to complete their work. Teambuilding can likewise help take out negative emotions and activities by encouraging appreciation among workers. The ability to settle on choices assist representatives with understanding their significance to the organization, and this builds the regard of the workers. Likewise, so as to complete work, and done right, the pioneers of the association need to give the representatives the aptitudes and devices for them to finish their assignments. This incorporates giving them support and the preparation that they need so as to improve or sharpen their capacities. The executives should likewise recognize and sustain those individuals who perform well and should prep them for positions of authority. Simultaneously, it needs to recognize and assist the normal entertainers with improving themselves and their efficiency. Recognizing crafted by the representatives consistently gives them motivation to work more enthusiastically and get perceived, making them significantly progressively upgraded and profitable. Straightforward honors may do, similar to what foundations regularly offer, as â€Å"Employee of the Month† grants might be a stage towards perceiving the employees’ difficult work. In addition, offering advancements to superb and profoundly improved laborers empower them to support their trust as far as their work and push them to work significantly harder. Give a superior workplace by guaranteeing the wellbeing of the representatives while at the working environment. This gives them the assurance that they are very much dealt with by the administration. Higher money related compensations, rewards and advantages advance the estimation of faithfulness from the workers to the association. With better remuneration, representatives can give high respect for their work and will in general become fulfilled of what they are doing and whom they are working for. Create motivator programs that improve both representative disposition and participation rates. Regularly, absence of impetus is the motivation behind why representatives don't get inspired to work. Instances of this projects incorporate â€Å"the capacity to trade out unused days off toward the finish of a particular period, permitting representatives to leave mid one Friday for every long stretch of impeccable participation, reward pay for times of flawless participation, and blessings, for example, reserve funds securities or gift vouchers for times of immaculate attendance† (Bushman, 2007, p. 4). In particular, past placing into essential significance the accomplishment of achievement and productivity is the need to deal with the organization’s individuals. On the off chance that the representatives accept that their managers couldn't care less either about the errand or them, at that point they won't care either. Also, normally, the organization and its tasks will endure. Building spirit in an association may not be as hard as one might suspect The way to propelling representatives is having them feel esteemed and increased in value by their bosses and inside the organization that they buckling down for. It requires for every single worker to feel a feeling of accomplishment in profession, a feeling of having a place at the work environment, a feeling of commitment to the association, and a feeling of gratefulness for their inclusion in the compatibility of the organization’s objectives to accomplish high representative assurance, and in the long run higher profitability and in general achievement.

Congrats Jenn Lai 11, Rhodes Scholar

Congrats Jenn Lai ‘11, Rhodes Scholar Today, the Rhodes Trust announced the 32 Americans who have won the 2010 Rhodes Scholarships. The Rhodes Scholarship, described as the oldest and best known award for international study, includes among its winners political figures like Bill Clinton, George Stephanopoulos and David Souter; scientists like Edwin Hubble, Robert J. van de Graaff and Brian Greene; journalists like Nicholas Kristof, Michael Kinsley and Walter Isaacson; and MIT Admissions bloggers like Melis 08. This year, MIT senior Jennifer Lai 11 has won the Rhodes Scholarship. This brings MITs count to 44 Rhodes Scholars, and 7 in the last four years. Below, find Jenns official biography from rhodesscholar.org (links mine): Jennifer I. Lai, Honolulu, Hawaii, is a senior at the Massachusetts Institute of Technology, where she majors in biological engineering, music and theater arts. A pianist at the same professional performance level as students at the finest conservatories, she has a perfect record at MIT in advanced courses across mathematics, physics and engineering. She has done research in the molecular basis of glioblastoma and in the use of engineering tools towards the development of protein therapeutics. Jenn also is active in her sorority and with a support organization for HIV-positive individuals. She plans to do the M.Sc. in integrated immunology at Oxford. Two stories to share about Jenn: 1. She is a really good pianist. In 2009, she played Gershwins Rhapsody in Blue at Bostons Symphony Hall with the Boston Pops. (For most people, that would be the accomplishment of a lifetime Jenn has already topped herself, I guess!) I was so excited when I heard that Jenn was going to play this piece (possibly my favorite piece) with the Pops that I did a lot of legwork to try to get the performance videotaped, so we could show the video to people like you on occasions like this Sadly, after weeks of efforts, this was the reply I received on May 31, 2009: the musicians union rejected our request to tape Jennifer Lais portion of the concert So sad. The best I can do is a photo from the concert: 2. Did you know Jenn Lai used to be Jen Lai, before MIT? Its true! Heres what she wrote on a blog entry I wrote almost 4 years ago: a while back, i was disappointed to find out that [emailprotected] was taken cause pretty much everyone knows me as jen lai (jen lai also happens to be a noodle place at fanueil (sp?) hall numerous friends who visited boston sent me emails: omg, theres this place called jen lai! with attached photo of the sign. when i visited boston myself, i just had to go take a picture under it.) so i guess ill be going with [emailprotected] i hope the other jen lai at MIT wont mistakenly get my email next year. also, i guess ill have to start spelling jen with two ns. Posted by: jen(n) 11 on May 9, 2007 11:56 PM Heres what Jen Lai (the restaurant) looks like: Congratulations Jenn!

Graduation Speech College Is A Significant Part Of My...

Getting accepted to college is a significant part of my life that influenced my development. Making the transition from high school to college was a difficult to me. During this transition, I was living away from home and my parents for the first time. I had to make critical decisions that will affect their college experience. Magolda said, â€Å"higher education has a responsibility to help young adults make the transition from their socialization by society to their role as members and leaders in society’s future† (Hamilton, 2009, p. 5,). Higher education is tasked with socializing young adults to be productive members of society, this transformation looks different for each student based on their racial and social class identity (Ritchey, 2014). I chose to go to a predominately white institution(PWI), Westminster College. Black students at predominately white institutions (PWI) sometimes have trouble with their racial identity and it either hinder or support the deve lopment of a black student identity (Ritchey, 2014). According to Cross Fhagen-Smith, African American students must go through a process of growth and discovery in order to regain a positive African American racial identity (Bakari,1997). Using the Cross Fhagen-Smith s Model, I will explain how the experiences and interactions at my undergraduate institution affected how I developed my racial identity and how I found the meaning of being black. Throughout my childhood, I have always lived predominately whiteShow MoreRelatedTheater As An Actor And Makes You Better?5195 Words   |  21 Pagespersonal life. There is so much philosophy and principles to think about when it comes to theater and you think to yourself, how I am supposed to use this in the world I live in today, and even in my career as an actor. Theater has taught me to take life by the hand and practice, going over the same thing over and over again may seem restless but in the world of theater it seems to keep develo ping you as an actor and makes you better and better. Theater has always been a source to relieve my stressRead MoreEnglish Listening Comprehension of College Students ï ¼Å¡Its Impedient Factors and Countermeasures5671 Words   |  23 PagesContents Thesis Statement: English listening comprehension is influenced by the listener’s rudimentary knowledge of the language, the cultural knowledge, and the psychological factor, all of which should be well grasped for a clear understanding. 1. Introduction 1 2. English Listening Comprehension 2 2.1 Definition 2 2.2 Listening Process 4 2.3 Importance of Listening Comprehension 6 3. 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To produce his perspectives on the same, he treats phonology, language structure, and semantics as proportional parts in characterizing phonetic ability. Literature Review In the current era, every element of the society and the economy has been globalizing. This globalization initiates anRead MoreStatement of Purpose23848 Words   |  96 Pages......................................................................... 1 II. Content ................................................................................................................................... 2 III. Organization and Development ........................................................................................... 4 IV. 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Even though he moved often during his life there are people that Langston was greatly influenced by, his grandmother implanted a sense of dedication, she told him wonderful stories about Frederick Douglas and Sojourner Truth and once took him to hear Booker T. Washington. Shortly after his thirteenth birthday, his grandmotherRead MoreI Love Reading Essay69689 Words   |  279 PagesCommission Acknowledgements vii Executive Summary Why Entrepreneurship: Given the increasing signiï ¬ cance and visible impact of Entrepreneurship in wealth-creation and employment-generation, NKC considers it critical to India’s growth and development. It has undertaken this study to explore factors that have advanced Entrepreneurship in India as also various other factors that could further encourage and facilitate even greater growth. Deï ¬ nition: For the purposes of this study and keeping inRead MoreEducation response Essay example43180 Words   |  173 Pagesofficial-documents.gov.uk and www.cabinetoffice.gov.uk 1 Foreword and summary Rt. Hon. Alan Milburn, Independent Reviewer on Social Mobility and Child Poverty Like so many others of my generation I was the first in my family to go to university. It was an experience that changed my life. As a child from a council estate I was lucky enough to end up in the Cabinet. I was born at the right time. In mid-20th-century Britain social mobility was in full swing. By 1958, when I wasRead MoreFactors Affecting Literature Teaching and Learning in Secondary Schools in Uganda19646 Words   |  79 PagesNSUBUGA, do declare that this is my original work, save for the various works I consulted, whose authors I have fully acknowledged. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ HENRY NSUBUGA DATE†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. APPROVAL This work has been duly read and submitted for examination with the approval of my supervisor, Rev. Fr. Zzimbe Blaise Ssebizibu. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Rev. Fr. ZZIMBE BLAISE SSEBIZIBU (MA. ED) DATE†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. DEDICATION To my beloved parents, Mr. Charles

The Expansion Of Creativity During The 20th Century

The end of the 20th century introduced our society to a world unknown by many, and dreamt of by revolutionaries. The expansion of creativity has opened a world full of adaptations with communications. From many ideas and creations, the dawn of a new species has been laid upon the elders of our world.Introducing, the Digital Natives. The millennials of today s present, and nearby future. A sophisticated class born into the intelligence and complexity which is foreign to our elders. From the advancement of technology, many positives have arised. Communication between friends and family has advanced. Our residents on this planet are able to communicate more easily. With each positive however, lurks a negative, and a consequence. Cyberbullying has become a huge issue in today s world. Many people avoid in person confrontations/ conversations and would much rather discuss matters in the comforts of their own home. Socialization has expanded, yet in a way that is foreign to many people. Family connections have been influenced positively, but how about with older relatives who lack digital experience and knowledge? The use of social media has expanded our world digitally, but affects in person confrontation in a negative manner. Technology has had a positive impact on today’s world. An example on the positive influence technology has deals with family ties. Family connections are positively influenced with the use of technology. Each family may or may not struggle withShow MoreRelatedThe General Electric ( Ge )1275 Words   |  6 Pagesneeds from where they have operations. This report focuses on the General Electric (GE) which holds substantial assets and with operations in most countries in the world. General Electric (GE) Widely regarded as a leading global corporation in the 20th century with operations in over a hundred and seventy countries and over three hundred thousand workers, General Electric remains an icon in best management practices. With its operations in power, appliances, energy management, aviation, oil gas, andRead MoreWhy Investment Banking Is Like Doing Drugs1556 Words   |  7 Pages It is your job to advise them and help pick the best option. We will go through the history, education, and what kind of traits you need to become an investment banker. Investment banking dates all the way back to early America, during the Civil War to be exact. During the Civil War, Jay Cooke, a Philadelphia financier, established the first modern investment bank. Although this was the first â€Å"official† investment bank, there had been many private banks doing the same jobs. After the civil war theseRead MoreThe Variacoes Ritmicas Op.15 Op.15 Op.15 Essay1507 Words   |  7 Pagesfor piano and percussion; and Sonà ¢ncias III op. 49, for two pianos. 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Ethics and Compliance for Disney - 1555 Words

Financial Ratios and Ethics of Disney Finance for Business August 30, 2010 Financial Ratios and Ethics of Disney The Walt Disney Company is known far and wide as a major source of entertainment and the embodiment of family values. Throughout the years, Walt Disney studios have supplied millions with wholesome, child oriented entertainment with iconic characters such as Mickey Mouse, Snow White, and of course Alice in Wonderland. From humble beginnings, the Disney Company grew with leaps and bounds throughout the years to include numerous theme and amusement parks, movies, and production studios and the Disney stores. While the general management of the company has changes over the years; the core values of the company†¦show more content†¦72). One ratio used determines the liquidity of a company. Liquidity is the ease with which a company can convert its assets to cash. The ratio used is the Current Ratio and divides the current assets by the current liabilities. The calculations for Disney are as follows: |2008 |2009 | |11,666 M / 11,591 M = 1.01 times |11,889 M / 8,934 M = 1.33 times | Do not leave spaces around slash marks Acid Test (Assets-Inventories/Current Liabilities) Another ratio used to determine liquidity is the Acid Test Ratio. This ratio subtracts inventories from the current assets then divides the sum by current liabilities. The calculations for Disney are as follows: |2008 |2009 | |11,666 M – 1,124 M / 11,591 M = .91 times |11,889 M – 1,271 M / 8,934 M = 1.12 times | Do not leave spaces around slash marks These calculations show that for 2009 Disney had $1.33 in current assets for every $1.00 in current liabilities. This was a 37% increase over 2008. Disney also had $1.12 in current assets minus inventories perShow MoreRelatedThe Walt Disney Company’s Ethics and Compliance1426 Words   |  6 PagesWalt Disney Company’s Ethics and Compliance Finance 370 November 19, 2012 The Walt Disney Company’s Ethics and Compliance The Walt Disney Company is the largest entertainment industry in the world. Many are familiar with Disney, due to its lifelong impact it has left on American society. Since the 1920’s the Walt Disney Company has forever impacted individuals around the world for its entertainment, including film, theme parks, and resorts. With the Walt Disney CompanyRead MoreEthics and Compliance Paper1576 Words   |  7 PagesEthics and Compliance Paper University of Phoenix (online) Fin/370 Finance for Business The Financial World of Disney Everyone young or old recognizes the name Disney when mentioned. 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Team D will assess Disney’s ethics and compliance, pronounce the procedures to safeguard ethical behavior, explain the financial market, identify the methods the company is required to useRead MoreValue Alignment1385 Words   |  6 PagesValue Alignment One company recognized worldwide for its family oriented services and performances is The Disney Company. The values instilled by The Disney Company (Disney) are one of the biggest contributers to its success. The following will discuss the origins and subsequent evolution of personal and workplace values and will explain how the individual values drive the actions and behaviors. 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Case Study Business Communication

Question: Case study about the business communication. Answer: Introduction Horsewear is the horse riding apparels that are essential for horse riding and maintenance of the balance of the riders for a comfortable ride. While riding a horse, the rider shares an affinity that is in perfect harmony with the horse and sharing of trust. The understanding clarity for mastering the horse requires paramount skills and that are made easy with the horsewear. This is the reason that these apparels have immense popularity among its users and have a huge market demand with profitable returns that requires an even bigger stage for its sale. Therefore, the present report will focus on the setting up of an ecommerce business by an existing business owner in the similar category and will discuss the potential steps involved in it. Background Electronic commerce or ecommerce is a form of business model that enables an organization to carry out its business activities through internet network. It facilitates the trading process of the consumer goods over the internet and utilizes the World Wide Web for a part of the life cycle of the transaction. Offline business suffers from geographical limitations that can be easily overcome with ecommerce transactions (Chiu et al. 2014). The business run by Amanda is directed to public without the involvement of any other retail store. For boosting up her sales, she can adopt an online platform where she can reach out to millions of customers without any geographical boundaries and interferences. eCommerce Systems In the present time, ecommerce is a versatile platform to organize a business, large or small, as it helps the entrepreneurs to reach millions of customers much easier and faster over the internet. Implementation of the system of ecommerce tends to increase the profits margin, as the substantial costs of start-up and operation are relatively low. It makes the working time more flexible and can allow the entrepreneurs to invest more in other aspects of the business. The Meaning of eCommerce The process of ecommerce is carried out by the utilization of a number of applications that includes online catalogs, emails, EDI, shopping carts, web services and file transfer protocol. Outreach and business-to-business activities are the core activities of this type of trading ventures using unsolicited advertisements and emails to the business prospects and consumers. It also connects with the subscribers by sending out newsletters and the consumers are enticed directly using the online tools like targeted advertisements, social media marketing and digital coupons (Fang et al. 2014). Security issues in the business can be easily addressed by authentication of the business transactions by the implementation of the security technologies like two-factor authentication and secure sockets layer. This serves to enhance and ensure the effectiveness, privacy and security of the system of ecommerce and increase the customer satisfaction and security. Controlling the access to webpage resources and encryption of the communications can further help in fraud detection system that can assure the customers regarding their financial transactions and keep them worry free. All these features of business advantages and security can add appeal to her business (Huang and Benyoucef 2013). Presently, the business of Amanda is restricted to the horse events and the verbal publicity by the previous customers. The arena of advertisement is restricted to the horse riding organizations and pony clubs. eCommerce can add substantial advantages to her business and can leverage her sales profi le. Issues and Benefits Although ecommerce is beneficial to the business and the entrepreneur, it is associated with issues and challenges. Since it is a new technology to be added to the organization, there is always a probability of staff resistance to the change. They develop the notion that introduction of this novel approach to sales might make them lose their job. Therefore, they offer resistance to the introduction of this new concept in the organization (Galliers and Leidner 2014). It is very much essential to have trained technical staff for the maintenance of the site for ecommerce. Previously, Amanda used to supply the horsewear commodities directly to the public and her staff members were unskilled. However, now she will require a trained crew of staff members to support the information system required for carrying out the business. Another issue of ecommerce is online marketing, as this is crucial for including the customers who are already in the process of buying products online. Capturing th e online markets is essential for the business to flourish (AlGhamdi, Drew and Alkhalaf 2012). The biggest benefit of introducing ecommerce to an organization is improved customer satisfaction. It provides the business with a 24*7 trading environment that gives greater access to the products of the organization (Bamborough et al. 2014). The customers are given the privilege to shop anytime according to their flexibility and convenience. Online shopping keeps the business ahead of its competitors as they can trade online, apart from offline. The profit margin also increases as the retail store expenditures are curtailed (Yu and Law 2012). Therefore, Amanda can continue her business of direct selling to the customers, but now on a much larger scale. Current Trends and Examples in eCommerce The current trends in ecommerce suggest that real time data analytics provides immense resources in determining the performance of the business. Traditional analytics was a time-consuming process and slowed down the process. With the real time data analytics, the shopper and customer behavior is monitored and the problems are identified in the sales funnel (Jiang, Cui and Faloutsos 2016). Video marketing is another example of a current trend in ecommerce where optimized product descriptions create greater appeal for the consumers and takes the business to the next level. Mobile commerce is the latest version of ecommerce where live chat support is the immediate connection point (Alvarez-Rodrguez, Labra-Gayo and de Pablos 2014). Consistent and reliable advice to the customers can make them loyal over the period. Personalized and data based experiences of shopping are the new norm for online shopping and customers appreciate the customized suggestions of the product. The ecommerce site remembers the preferences of the customers and offers lesser friction to the journey of the customers in the decision of purchasing. It provides the business the right content at the correct time for increased customer satisfaction (Snyder 2013). Recommendations Starting up an ecommerce trading for horsewear by Amanda should begin with the making of a domain name and website. ABC can efficiently provide this as they are the expert in providing solutions for information systems. The business should be registered with proper license and permits. Choosing the right software will give the initial boost to the business. The inventory needs to be stocked up with enough supply for future orders and the business must stay in compliance by taking into consideration the benefits versus the costs. It should be updated over time. Amanda must take into consideration that not only the technical aspects but also the people associated with the business are also vital. Trained and skilled personnel should be appointed who are well versed with the system of ecommerce for managing the various responsibilities of the horsewear business, with a collection of relevant information. Conclusion From the above information, it can be summed up by saying that ecommerce has a huge impact on the society and economy. Business to business is the rapidly growing ecommerce type of business leading to lower cost and improving the efficiency of the business economically. Apart from boosting the sales, ecommerce also promotes employment growth. Horsewear apparels like dressage overalls, hats and silk riding tops are the primary items that Amanda wishes to sell via ecommerce and implementing the above recommendations in her business can help her set up the business. This report will guide her about the requirements of the ecommerce business and will give her an impression of the issues and benefits associated with the business. Therefore, by consulting ABC, Amanda can successfully set up her own ecommerce business for horsewear. References AlGhamdi, R., Drew, S. and Alkhalaf, S., 2012. Government initiatives: The missing key for e-commerce growth in KSA.arXiv preprint arXiv:1211.2398. Alvarez-Rodrguez, J.M., Labra-Gayo, J.E. and de Pablos, P.O., 2014. New trends on e-Procurement applying semantic technologies: Current status and future challenges.Computers in Industry,65(5), pp.800-820. Bamborough, D.L., Blodgett, J.G., Dangl, W.R., Horder-Koop, R.A., Hunking, J.P., McDonald, K.J., Parker, J.P., Savage, K.K., Zevalkink, C.E. and Paasche, T.D., Amway Corp., 2014.Electronic commerce transactions within a marketing system that may contain a membership buying opportunity. U.S. Patent 8,666,838. Chiu, C.M., Wang, E.T., Fang, Y.H. and Huang, H.Y., 2014. Understanding customers' repeat purchase intentions in B2C eà ¢Ã¢â€š ¬Ã‚ commerce: the roles of utilitarian value, hedonic value and perceived risk.Information Systems Journal,24(1), pp.85-114. Fang, Y., Qureshi, I., Sun, H., McCole, P., Ramsey, E. and Lim, K.H., 2014. Trust, Satisfaction, and Online Repurchase Intention: The Moderating Role of Perceived Effectiveness of E-Commerce Institutional Mechanisms.Mis Quarterly,38(2), pp.407-427. Galliers, R.D. and Leidner, D.E., 2014.Strategic information management: challenges and strategies in managing information systems. Routledge. Huang, Z. and Benyoucef, M., 2013. From e-commerce to social commerce: A close look at design features.Electronic Commerce Research and Applications,12(4), pp.246-259. Jiang, M., Cui, P. and Faloutsos, C., 2016. Suspicious behavior detection: Current trends and future directions.IEEE Intelligent Systems,31(1), pp.31-39. Snyder, R., 2013. E-Commerce and Supply Chain Management.ASBBS Proceedings,20(1), p.237. Yu, A.K. and Law, R., 2012, December. The application of e-commerce to enhance the competitive advantages of hotels in Hong Kong. InInformation and Communication Technologies in Tourism 2000: Proceedings of the International Conference in Barcelona, Spain, 2000(p. 343). Springer Science Business Media.

Black Panther by Kendrick Lamar free essay sample

The album I reviewed is Black Panther (soundtrack). The genre is a mix of hip hop and rap and it consists of multiple artists: Kendrick Lamar,SZA, ScHoolboy Q, 2 Chains, Yugen Blakrok, and Vince Staples. Kendrick Lamar is my favorite artist in the album and hes also in most songs. I love most songs and I love all of the songs styles. This album had nine songs charted on the billboard hot 100. The song All the stars was placed the highest on the hot 100, at number eight. The artist individually are all really good and I love them all so when they all came together to make this album I was super happy and couldn’t wait to hear the songs. My favorite song is kings dead because it has an original beat that you can jam to. Futures part in the song is rather interesting, many people say hes the only person who can get away with those lines and somehow make them sound good. We will write a custom essay sample on Black Panther by Kendrick Lamar or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page His lines are similar to the song Slob on my knob by Three 6 Mafia, but he makes the song just that much better by adding the funny factor. Every time I hear that song I must laugh a little because Futures voice is so funny.

Caterpillar Essay Example

Caterpillar Essay Example Caterpillar Essay Caterpillar Essay Government. Lastly, it is important because improves the companys creditability and also its bottom- line. Caterpillar uses four goals within its structure- integrity, commitment, excellence, and teamwork. 3. What role do leaders play in shaping Caterpillars organizational culture? 4. Because Caterpillar prides itself in value creation, the leaders play a pivotal role in modeling; setting the perfect example and leading by example. Because the expectations are so high, Caterpillar has to make its values apart of everyday culture. I Away is it difficult to change a companys organizational culture, and how can management know when a permanent change has successfully occurred? 5. It Is difficult to change a companys organization culture because employees are often stagnant in their proactive role at work, team members have bought Into previous goals to success within the company, or because, as Its In human nature, people do not like change and will be defensive because they arent sure of the future plan. A management team will know that a change was successful by the costive aura of employees, good perception from outside sources, and the profit growth of the changed variable. 6. What do you think will be the most stressful career stage? Why? 7. I believe the most stressful career stage Is establishment. When I Initially entered the work force It was absolutely stressful and scary. I was terrified! Whether you have a college degree, a pertinent certification, some college credits, or Just a high school diploma, finding your Identity as a working person Is very difficult and poses a great pressure In deciding how to go about making vertical career decisions. 8. What types of stresses led you to make this choice? 9. The ultimate stresses, pressure, causes all kinds of rash emotional and physical decisions that set the tone for either that moment or creates the foundation that build success In ones life. Caterpillar By gingersnaps 1 . What story does management at Caterpillar recount as a way of communicating uses the story of the School Bus Project, Embark, to recount the way they I Away is it difficult to change a companys organizational culture, and how can 5. It is difficult to change a companys organization culture because employees are often stagnant in their proactive role at work, team members have bought into previous goals to success within the company, or because, as its in human nature, people do not like change and will be defensive because they arena sure of the most stressful career stage is establishment. When I initially entered the work force it finding your identity as a working person is very difficult and poses a great pressure in deciding how to go about making vertical career decisions. 8. What types of build success in ones life.

Interview with Dr. Michael Winters Essay Example | Topics and Well Written Essays - 1000 words

Interview with Dr. Michael Winters - Essay Example As a licensed practitioner of and a firm believer in the merits of logotherapy, the search for and discovery of meaning plays a significant role in Dr. Winters' professional, clinical, teaching, and research activities.The search for meaning has had a strong basis in Dr. Winters' background, as reflected by his two choices for a college major: Theater or Psychology. Broadway's loss was psychology's gain, as he found the search for meaning more lucrative and challenging than, in a sense, its interpretation. After undergraduate and Masteral studies at Purdue, he went to Tennessee for his doctorate at the University of Memphis in 1991.However, it was not until two years ago (in 2005) that he embraced logotherapy, which is based on Frankl's insights on the beneficial psychological effects of the search for and discovery of meaning in human experience (Frankl, 1984/19871998). Frankl has had a substantial impact on Dr. Winters' life and profession, and logotherapy research has become a hug e part of his academic and clinical practice. As a counseling strategy, he uses logotherapy, which fits with the question that he asks every time he faces any of his clients: "how do I help this person to help him/herself move forward" (Winters, 2007)Dr. Winters' extensive experience, however, does not limit his counseling strategy to logotherapy. ... Among college students, though, Dr. Winters addresses more faith-based issues in search of solutions. Dr. Winters is also an expert on clinical depression, and a considerable amount of time was spent during the interview discussing this topic. We started by discussing the symptoms, which are primarily anxiety, pessimism, and lethargy. When asked what the causes of depression are, he paused for several seconds before answering: "anything". Depression is a chemical reaction that affects the mind, and this can be triggered by anxieties over relationships (romantic or otherwise), emotional or physical or psychological trauma. Among young people, common triggers of depression are issues with parents, relationships, or friends, or the search for and development of individual identity. If there is what he could call a master variable that helps one to avoid depression, it is the value of social networking. He noted from his clinical and professional experience that people who know how to get the most out of their social relationships with family, friends, and a special other are farthest away from depression. I guess that an important consideration here is the sense of security that a person feels, allowing him/her to maintain their identity in social relationships, free of false expectations and desires to be what they are not. As Dr. Winters shares with his clients, if they are not happy and truly getting their needs in their relationships, then they should either end it or fix it, working on the issues unless there is violence. He encourages his clients in a depression to move beyond a definition of love that is based on what they could get out of a relationship to one

The Human Resource Function Case Study Example | Topics and Well Written Essays - 2500 words

The Human Resource Function - Case Study Example Cadbury Schweppes has as its main objective the delivery of superior shareholder value. To achieve this objective, the company stresses the need for all employees to understand the different goals of the company so that they can tailor their efforts towards achieving these goals which will in turn lead the company toward its overall objective of delivering superior shareholder performance. This paper aims at looking at critically evaluating the nature and presence of the human resource strategy that appears to be in operation at Cadbury Schweppes in the light of the wider business strategy. The paper also presents a discussion of how the Human Resource Function can position itself toward delivering the people strategy based on evidence gathered from the case study as well as the understanding of the development of Human resource functions. Having said this, the paper will begin by critically evaluating the nature and presence of the human resource strategy in section 1.1 below and later a discussion how the Human resource function can position itself will be presented in section 1.2. The human resource strategy that appears to be in operation at Cadbury Schweppes seems to be in conflict with the company's business strategy. ... Its number one goal for 2004-07 is not excellence, innovation or developing its people. It is simply to deliver superior shareholder performance". The latter quotation clearly shows that Cadbury Schweppes does not care about developing its people, all it cares about is delivering superior shareholder value. According to Lengnick-Hall and Lengnick-Hall (1988: p. 451) citing Porter (1985) and Huselid (1995: p. 636) citing Begin (1991); Butler, Feris, & Napier (1991); Cappelli & Singh (1992); Jackson and Schuler (1995); Porter (1985); Schuler (1992); Wright and McMahan (1992), human resource management can help a firm obtain sustained competitive advantage by lowering costs, increasing sources of products and service differentiation, or by both. Lengnick-Hall and Lengnick-Hall (1988: p. 451) define competitive advantage as "those capabilities, resources, relationships, and decisions that permit a firm to capitalise on opportunities and avoid threats within its industry". Lengnick-Hall and Lengnick-Hall (1988: p. 451) further states that in order for a firm to achieve competitive advantage through human resources, the activities must be managed from a strategic perspective. Cadbury Schweppes seems to have missed out in this domain. It has focused most of its attention on delivering sharehol der value but fails to understand that it is only after integrating strategic human resource management into its business strategy that superior shareholder value may be delivered. Another interesting point is that even if Cadbury Schweppes has got some competitive advantage as demonstrated through its current levels of profitability, this competitive advantage may not be sustainable if it does not properly

What is quality management?

What is quality management? Question 1 (a)Benchmarking Benchmarking measures performance or quality aspects against a competitor or industry standard. For example we could benchmark the profits made on internal projects. The importance of benchmarking is that it continuously assess the companys performance results against that of its competitors and helps implement good practices to achieve set targets, improve efficiency and to maintain competitiveness. It is also important in decreasing the risks linked with change by observing what factors contributed to the success of other companies. (b) 7-Run Rule The Seven Run Rule, is a technique used for quality control and its importance lies in the fact that it can be used to identify non-random problems when using control charts. It is normally an automatic process whereby alerts are generated when there is a significant variation in output. It helps by determining the non-random problems by evaluating progression of specific characters for the development of products characteristics (for e.g. the no. of defects in software) which could occur in a minimum seven time period. It allows the project manager to see the processes that are out of control, thus he is able to identify the causes of these non-random events and make adjustments to the process to correct or eliminate them (c) International standards There are many tools for quality management, including quality standards and models. Some of them are: ISO 9000:2008 Capability Maturity Model (CMM) Capability Maturity Model Integration (CMMI) ISO/IEC 9126 Software engineering ISO 15504 also known as SPICE Quality can be defined as exceeding customer needs and expectations throughout the life of a product. When we build a system, developers are looking for performance and comply with the users requirements and how well it meets the users needs fitness for use. But it happens that the system developed which is in conformity to the requirements may at the end not please the customer who is becoming more conscious about the quality of the product he is paying for. Customers are more comfortable if they see that quality is being addressed during the project. Nowadays customers requirements/needs are very high, their quality aspects have got much better, they are more demanding now compared to some time back and thats why we have customers issue management. The International Standards are important because they provide rooms for performance improvement in potentially all the activities undertaken by the organization by adopting a systematic and scientific approach to managing the organisation processes/deliverables so that they consistently deliver a product/service as per customers expectations. These processes can be quite easily managed and monitored. In return they improve and ensure that appropriate quality of service is provided to customers and as such the level of customer satisfaction automatically gets increased. Additionally International Standards are also important in helping organisations to provide a kitemark seal of approval for customers and suppliers so they know that the work of the company is of a high standard. (d) Delphi Technique We know that the higher the number of participants in a meeting, the decision making process takes longer in terms of time due to devils advocate. The meeting can get monopolised by the devils advocate whose eccentric views can reach unjustified significance and prevent the group to find consensus. We also know that in a face-to-face discussion, situations of groupthink can occur. This can lead to poor decision making which in turn leads to decrease in quality. So, to avoid such negativities, the Delphi technique is used instead. The importance of Delphi technique is that it decreases such disadvantages towards decision making in groups and creates conducive working environment whereby the probability of groupthink is zero. Anonymity allows the participants to express their opinions freely, promote frankness and avoids approving errors by reviewing earlier forecasts. Its aim is to ensure that everyone gets a fair and equitable chance to express their viewpoint, identify areas where there is agreement or disagreement and try to find consensus. It significantly improves processes of meetings to ensure the quality of deliverables and rapid decisions being taken. Question 2 (a) Net Present Value NPV recognises the value of a dollar received today to the value of that same dollar received in the future, taking into account all cash flows occurring over the duration of the project. Hence, it is said to be a measure of the true profitability of projects. The importance of NPV is to help project managers in the selection of projects by evaluating and prioritising potential projects. If the NPV of a potential project is positive, it should be accepted. However, if NPV is negative, the project should probably be rejected because cash flows will also be negative. According to the value additively principle, if we know the NPV of individual projects they can be added together and hence the value of the firm will increase by the sum of their net present values (NPVs). (b)Return on Investment ROI is the basic tool used to assess both profitability and performance and also to prioritise IT projects. It is calculated by dividing the net benefits of a project by the initial cost of the project. It is possible to identify the percentage return for each cost unit invested by multiplying this value by 100. For projects lasting more than a year we need to use discounted values to take account of the effect of inflation. The importance of ROI is evaluating the financial impact of a project before a project can be started. Negative ROI is bad and means that costs are larger than benefits. High positive values are good and the higher the better. ROI is also used in the project selection process, with investment made on those projects with the highest ROI. (c) Break†even point The break-even point is defined as the point where sales or revenues equal expenses. There is no loss incurred or profit made at the break-even point. Break-even point is important for managers for taking the right decisions. For example it helps the management in knowing the lowest number of units that could be produced to at least earn so much to cover the cost of production without profit or loss.. It helps the management to estimate up to which level sales can be reduced but even though achieve some kind of profit from production and sales or how much costs can increase to even then company at profit point and can survive loss position. (d) Parametric modeling Software cost estimation is difficult, we have several methods and one of the methods is Parametric modeling which is a mathematical model using project characteristics to extrapolate from previous project data, for example in the COCOMO model the number of Lines of Code is one parameter to use when estimating the cost of a new system. It is done at the beginning of the project and is helpful to project managers who are inexperienced in software cost estimation. Parametric modeling is only as good as the model and historic data allows and requires skilled staff to apply the formulae and interpret the results. Parametric modeling also considers several aspects related to the resources required: staffing and costs related to hardware and software required. Question 3 (a) McClellands Acquired Needs Theory As per McClelland our needs are categorized into three aspects: Achievement Affiliation Power Considering my case, currently   I am working as an ICT System Support Officer at the SSR International Airport where I am required to work on shifts and have many deadlines to respect. I can categorise my needs as follows: Achievement My aim is to become the companys next System Administrator who is the next post on the hierarchy and have my salary raised which is symbolise progress and achievement. Power I know that if I attain this post I will need to know how to deal with my co-workers and the user community. I also need to know how to use the institutional powers given to me by the management to organise the efforts, motivate, influence and manage my subordinates. This is essential for me so as to keep control of all the works and do ensure that the goals and objectives of my company are achieved. Affiliation Also, at this position it is going to be important for me to meet and learn from other System Administrators know-how and experience which are indeed important through network interactions. I also know that at this position interaction with other people in the same position is important for sharing of knowledge, skills and tips. (b) The Meyers†Briggs Type Indicator As per Meyers†Briggs Type Indicator we use a four-scale structure for identifying the personality and categorising a persons behavioural preferences: Extrovert/Introvert Sensation/Intuition Thinking/Feeling Judgment/Perception Considering my case, I categories myself as an Extrovert/Introvert I am an Extrovert person, I always discuss new ideas and tentative solutions to problems with my fellow colleagues before they are finalised. Another example is when I am participating in meetings with the top management, I do not hesitate to voice out my opinion or solution to a problem even if I am not sure if the solution is viable or not. But before that I will warn them that we are just suggesting and trying to come up with a fully working solution. Sensation/Intuition I am Intuitive, for example, where I work we have some 600 CCTV cameras which are constantly under surveillance by the Control Room Operators. Lastly we have been experiencing several slowdowns of the system and frequent problems with the workstations used by the operators. Being an intuitive person I have felt that the number of complaints has increased too much which is unacceptable. Instead of carrying a survey on the data storage capacity of our Video recorders, CPU usage, RAM usage or network bandwidth which can be done later I will try to convince the management that we urgently need to buy spare servers for our Digital Video Manager database, Access control servers, video recorders and spare workstations due to the fact theses equipments are nearing their end-of-life since they were purchased in 2006. Thinking/Feeling I have a preference for Thinking but sometimes I can be of the Feeling type too. It happened once where we were busy completing a project whereby we had to configure Microsoft Outlook with the new settings for some 600 users. We have stopped using Microsoft Exchange and using Google Apps instead. We had to complete this job in 10 working days with a workforce of 5 technicians. We were on track and 3 more days left to finish the work, then 1 technician requested 2 days off since he was aggrieved over the sudden death a close family. My Thinking preference made me weigh the effect of the two days off on the schedule and the increased workload of the other 4 technicians who now has to complete the work of their colleague. I was tempted to say NO but my feeling preference made me consider the factors from other side whereby the technicians output will be affected due to his low morale; I accorded him his two days off. Judgment/Perception I categorise myself as a Perceiver, for example when carrying out preventive maintenance on servers I prepare a rough estimate of the time taken to accomplish this task, but I will never give to anyone the estimate. This is because you never know what incidents might happen during the maintenance; some parts might get damage during cleaning/blowing for example or I may notice the beginning of hard disk failure. Therefore the original estimate will be extended due to repair or installation of a new hard disk. I would never operate as a Judger who might see the task of replacing the hard disk as a discrete task and try to complete the maintenance according to the schedule. (c) The Social Styles Profile As per the Social style profile personality of people can be perceived into four zones based on three principal dimensions of Social Style—assertiveness, responsiveness, and Versatility The four Social Styles are: Analytical, Driver, Amiable and Expressive Considering my case, I can say that I show both the Driver Style and the Expressive Style Driver I can say that I am a Driver, due to the fact that I am proactive and like to take initiative, get things done and make things happen. I constantly accept challenges and am always first into solving problems. I prefer to work within time frames and like to focus on actions that will get things done and realize concrete outcomes. Expressive I like to work fast and I like feeling the people who work with me, I am always complimenting, applause when the team has done a good job and aacknowledge the efforts put in to complete projects on schedules. Also my priorities are the user community and the stakeholders. (d) DISC Profiles As per the DISC profiles, all people share these four styles in varying degrees of intensity; D (Drive) I (Influence) S (Steadiness) C (Compliance) I am Direct and Decisive and a like to overcome obstacles and is a good problem solver. I like projects that produce tangible results. I like to discuss solutions with my team first and not afraid to speak out and is generally optimistic. I do not fear new challenges without fear. I am capable of handling several projects at the same time. Question 4 (a) Milestones Milestones are the diamond shapes we like to put in our Gantt charts. It is a kind of measurement that serves as tools to keep track of the progression and any deviation that may happen. Milestones is like the point of start of the next journey to the next milestone, and the time required and money needed will be estimated on the basis of how far we have progressed on the project and it is the number milestones that have been reached by the team. Milestones are simply short-term goals or the targets for the project team. Milestones help to boost the morale and confidence of the team who will enthusiast to go for the next Milestone. (b) Critical Chain Scheduling It is a method of scheduling that take into account the scarce resources available and which are being shared among projects when creating a project schedule. Its importance is to protect projects from the unavoidable slippages that occur in every project. It removes buffers from individual tasks by pushing them to completion in the shortest time possible and instead adds project buffer before the project scheduled completion date and feeding buffers before tasks which are on the critical path. It is a method applied to meet the tight schedule requirements that every project manager faces while, at the same time, helps companies to preserve quality and productivity. (c) Tracking Gantt Charts The importance of Tracking Gantt Chart is that it helps project managers to keep projects on schedule, make sure that tasks start and finish on schedule. The Tracking Gantt chart pairs the current schedule with the original schedule for each task and helps find trouble spots, tasks that vary from the baseline plan. Managers can then adjust task dependencies, reassign resources, or delete some tasks to meet your deadlines. (d) Reality checks Reality checks involve controlling and managing changes to the project schedule. Sometimes a task can be crushed in order to complete the project on time. Hence the importance of reality checks, it allows the project managers to know the how much buffers needs to be removed from certain tasks and redistribute it to other tasks which are lagging behind The importance of Reality Checks are that Project Managers can review the draft schedule or estimated completion date in the project charter and prepare a more detailed schedule with the project team. Also, it helps project managers to make sure the schedule is realistic and followed. if there are schedule problems, Project managers is able to alert top management well in advance. Question 5 (a) a critical path in a complex project Once I worked on a project where I had to configure a Network-attached Storage (NAS) server for the backup of CCTV Recorders and the setting up of the Tape recoders. We have already received the NAS, Dell Recorders etc, but the Cabinet for housing the equipments was not delivered on schedule due to the fact that the ship transporting the Cabinets has been attacked by the Somalian pirates. This caused the project to be completed with 40 days overdue. The configuration of the NAS which became the critical path could not be split as it has to be carried out by only one guy. (b) an effective team meeting My manager carries weekly meetings with his staff and for me his meetings are effective in the sense that there is an agenda, there is a time limit for the meeting and the meetings starts and adjourns on time. The manager ensures that talks do not stray away from original topics. There is always someone form the team assigned to take minutes of the meeting and these are sent to all members to remind them of their tasks and responsibilities. The manager always encourages the team members to speak up their thoughts. At the end of every meeting decisions are taken and everyone knows his tasks and responsibilities. The timeline of the tasks are also known to them. (c) risk mitigation that was found to be necessary I was working on a project where we had lay Fiber optic cables for the CCTV system, but during the task the team identified potential risks regarding the vulnerability of the fiber cables which could be eaten by rats. They were able to work out various mitigating strategies and came up with new type fiber cable which was more resisted to rodents and installed rodents traps and covered man holes and service ducts correctly. Indeed these risk mitigating tasks involve additional costs but was worth it and necessary. (d) crashing a task to reduce its duration Once we had to assemble 200 computers in one week with a workforce of 5 technicians working 5 days a week. Taking into account that the technicians were working on other projects too, it was quite impossible to complete the computer assembly on schedule. The only solution was to increase the workforce with more technicians from other projects in order to meet the deadline.

Cloud Computing Essay -- Technology, Cyber Criminals

â€Æ' Introduction Over the past several years the term cloud computing has become common in homes and organizations alike. Cloud computing can be defined as a pooled set of computing resources that are furnished via the internet. There are three types of cloud services typically available, these services are Platform as a Service (PaaS), Infrastructure as a Service (IaaS), and Software as a Service (SaaS). Organizations can benefit greatly from cloud services because they eliminate the need to buy and manage physical resources. Although such an action cuts cost it leaves organization victim to the vulnerabilities and threats that exist in cloud computing. Throughout this paper I will discuss the vulnerabilities and threats that come along with the adoption of cloud computing. In addition, I will discuss standards and policies that effectively manage the risk associated with cloud computing. Threats & Vulnerabilities The abuse and nefarious use of cloud computing is a threat to any organization that takes advantage of cloud services. Most providers of cloud services make it all too easy for cyber criminals to register for service, all that is need to register for service with many providers is a valid credit card (Cloud Security Alliance, 2011). In addition to the ease of registration providers offer free trials of their services allowing attacker to carry out attacks covertly on cloud services. By gaining such access cyber criminals can deploy malicious code, abuse known exploits, and send spam messages to those that are sharing the same resources. Organizations are aware that threats can be internal as well as external, those that provide cloud services are no exception. The people who the service providers employ can pose... ...ncy use(CIO, 2011). FedRAMP is not alone in the effort to create standards regarding cloud computing. The National Institute of Standards & Technology (NIST) has published two draft publications specifically related to cloud computing. The first document, Special Publication 800-145 (Draft), has been created provide the NIST definition of cloud computing. The NIST has defined as the following: â€Å"Cloud computing is a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction. This cloud model promotes availability and is composed of five essential characteristics, three service models, and four deployment models.† (NIST, 2011)

Fiscal Administration

Local fiscal administration refers to systems, structures, processes, resources, and the policy environment government the inter-governmental and inter-local fiscal relations, affecting, among others the following: o the giving of allotments and grants by the national government (NG) to local government units (LGUs); o sharing of taxing powers between the NG and the LGUs, and among LGUs units; o policy on tax rates and structure; o revenue and expenditure planning; revenue and expenditure planning; o revenue utilization and expenditure allocation; o monitoring and approval of budgets, tax ordinances and other fiscal measures; o policy on borrowing and borrowing instruments; and o appointment and supervision of local fiscal officers. The trends in local fiscal administration are inadequacy of own-source revenue to finance basic and devolved functions and thus render LGUs dependent on transfers from the NG.Reliance on few local taxes, particularly the real property tax and business tax ; and uneven level of expenditures hence, unequal access to local public services. With regards to the inadequacy of lgus, the national government must assist lgus in making development strategies to maximize the resources available. In that way, lgus can somehow sustain themselves and become less dependent to national government.It must also help in attracting investors regardless if the leaders are opposition or administration. Lgus must not sole rely on few local taxes. It must encourage business to pay honestly the taxes and give credit to those who pay on time. Those who evade must be persecuted regardless if they are powerful individuals and has connecrtion to top officials. The national government must help in regulating taxes and help in catching the big fishes.

Indian Economy Report Basel Norms Finance Essay - Free Essay Example

Sample details Pages: 7 Words: 2206 Downloads: 5 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? Banks have evolved over time becoming a one-stop shop of varied financial services and given rise to a number of risks. Basel Committee is an informal forum and the norms and policies formed by it are non-binding on member and non-member countries. Then though 113 countries adopted Basel I and 95 countries adopted Basel II. Don’t waste time! Our writers will create an original "Indian Economy Report Basel Norms Finance Essay" essay for you Create order Basel norms provide an opportunity to keep ones own house in order so as to improve the stability and resilience of our rapidly evolving banking industry. Need for uniformity driven by the liberalized and global trade is being meet by Basel norms by gradually converging with the international standards. Broad changes in the Indian Banking Sector in the pre and post reform period (1991 reforms): Pre-reform Banking System: The banking system was entirely in control of government and it catered to the needs of planned economy. The programme focussed on financial inclusion and rural focus. The requirement of huge expenditure for development was met by government through automatic monetization of fiscal deficit. And the interest rates were administered which resulted in cross subsidization. Reforms: Interest rate deregulation and reduction of public sector role were the main focus of the reforms. Huge capital infusion by government and promotion of consolidation and good governance were the targeted goals. But the privatization of public sector banks was not large scale. Post reform Banking System: There was a marked improvement in the capital position and asset quality of the commercial banks. Decline in operating cost followed by improvement in profitability of the banks lead to fall in income ratio. Modernisation of the banks was achieved to a certain extent. Current Banking Scenario in India: In Indian bank dominated and highly diversified financial system there has been a proactive approach to prudential regulations. RBI minimum capital requirement (9%) is more than Basel standards (8%). Indian banking sector is estimated at about US $ 35 billion (in terms of total banking assets) and has been growing at 15% per annum. Although bank assets/ GDP ratio is low (47.55%) as compared to other countries but it has survived well during the economic crises due to tight regulation because of 80% government holding of the assets. Needs for Basel norms: Need for Basel I arouse for the purpose of preventing bank crises and failures ex: Mexico crises (1982, 1984, and 1985), Latin American crises (1980s) through better risk sensitivity and management. But as the world banking industry underwent major transformation and the expanded use of securitisation and derivatives in secondary markets happened the requirement for more risk sensitivity increased. Basel Norms Basel Norms I Accord was completed in 1988 and became effective in end of 1992. It set minimum capital standards considering only credit risk which was set at 8% and was adjusted by a loans credit risk weight which was divided into 5 categories: 0%, 10%, 20%, 50% and 100%. Basel Norms II Focussing on internal rating and internal risk models, three pillars were developed: Pillar 1: Minimum Capital Requirement It was calculated on the basis of risk weighted average of three different risks viz. Credit risk, Market Risk and Operational risk. Pillar 2: Supervisory Review It provides framework for overall capital adequacy, minimum capital ratios and internal adequacy assessment and their implementation. Pillar 3: Market Discipline and disclosure It was there to promote greater stability in the financial system through timely disclosures of qualitative and quantitative information. The status of implementation of Basel Norms RBI being very optimistic decided the first deadline to be 31st march 2007 for the total implementation of the BASEL II norms in all the commercial banks. But due to pressure and coaxing from the commercial banks, RBI had to extend the deadline by another year for all those banks (Indian and foreign banks) which operate in India as well as abroad. For the rest all other banks the deadline was March 2009, and RBI assured that by end of March 2009 all the commercial banks will adhere to the norms of BASEL II. RBI decided to follow a phased approach for the implementation as mentioned in the BASEL II norms. The progression hierarchy for pillar I implementation Preparedness of the Indian Banking Sector Evaluating the readiness through the preparedness of the Indian banks in accordance to all the three pillars of Basel norms, we find that:- Pillar-1 preparedness RBIs initiatives like use of standard approach basic indicator approach for calculation of credit risk and operational risk respectively. Indian banks can leverage from large short term portfolio which they have as they are risk-weighted very low. Pillar-2 preparedness Skill development carried out both at RBI and other banks. Administration enforcement of minimum capital requirement. Validating Upgrading Indian banks. Pillar-3 preparedness Indian banking sector is lagging behind in IT infrastructure. Hence for market disclosure to be successful venture complex IT structure is required which must be defined with architecture with focus on scalability , availability, security and generation of MIS Effect of implementation of norms RBI used moodys ratings to risk-weight the assets https://www.thehindubusinessline.com/2007/02/20/images/2007022000930901.jpg https://www.thehindubusinessline.com/2007/02/20/images/2007022000930902.jpg Table 1 for long term loans and table 2 for short terms loans (which comprise a substantial portion of Indians banks lending). the loans and advances portfolios of Indian banks largely covers un-rated entities hence even if the riskiness of the higher rated corporate bonds is less but that is insignificant in Indian context. But we compare it to Basel I, Indian banks were profitable. The retail sector which was growing in India was low risk weighted; hence it was a profitable venture for the banks to invest in retail sector. As the table -2 shows short term bonds (A1+/A1) have low risk weights which Indian banks have in plenty hence banks had to maintain a low capital for those lending and could loan out more. Dealing with the bad debt The proportions of NPAs have declined (NPA- non performing asset) after the implementation. Three steps followed by government: Banks set aside potential profits as provisions for bad assets Infusion of capital by the government into PSBs. To retrieve as much of these assets as possible from defaulting clients. In India the first two ways are predominant i.e. putting good money to compensate for the bad money. Hence to reduce the NPA further more infusion of capital is required, which the government alone cant fulfill. The banks (PSBs, private) want RBI to let them increase their equity by floating more number of shares. But this would lead to serious implications as the control of the government of the banks would reduce and the foreign banks would have a greater control. Dilution of the control will not help either the government or RBI to meet their objectives which were always in benefit of the common man. The implications of the norms for Indian banking industry- The Monetary Policy One of the major concerns about Basel norms implication is effect on the monetary policy. Lets suppose if contractionary monetary policy is implemented and no. of unconstrained bank is high then these banks can flow money in the market and purpose of policy will be vanished. Similarly in purpose of expansionary monetary policy will not be achieved if no. of constrained bank is high [binding on regulatory capital can lead banks to reduce money flow in the market] To mitigate these unwanted results RBI should make a balance between constrained and unconstrained banks. RBI can put Limitation or norms on banks for lending. 11 Implication of Basel norms for Indias financial inclusion agenda:Particularly, financial sector reform in 90s didnt consider credit structure for rural areas. So, farm communities, rural artisans and micro enterprises remained non-benefited by financial sector reform. Basel Norm will control regulatory capital by high risk coverage standards. Three pillars of Basel II will ensure a huge capital fund against the risks which banks are taking; also these institutions will become sensitive to market perception. But execution of these norms can be affected by bank managements reluctance for informal sectors and small borrowers. Serious opportunities costs lying in this norm, as Banks will need to divert funds from industrial sectors to previously excluded rural sector {MSE} Basel norms are expected to improve conditions for credit flow for agriculture and for SMEs by system of Easy deposit accounts and voluntary general credit cards (GCC). Although lack of Branches staff in rural areas can affect execution of Basel norms, but a focused approach with balancing norms and genuinely inclusive with well spread services can overcome these hurdles in implications. Implications of Basel Norms: Loan growth, GDP growth, Loan Loss Provisioning Loan Loss Provision: Bank keeps reserve to compensate risks which it bare by giving loans. These risks include substandard losses to default losses. Change in loan loss provisions with change in economic situation reduces bank profit volatility and prevent capital by negative shock. Banks measures expected loss by default premium rate rh-rf, and tries to compensate it by keeping reserve capital. Research and study on Indian banking sector found that public sector banks had provisions as 30% of NPAs {only five have more than 50%}. So Basel Norms are being expected to bring a change in this pattern [it should be up to 50%]. SWOT analysis of Basel norms implications on Indian banking industry Implication of Basel norms on Indian banking industry has benefits and concerns on sides. Although some of concerns can be mitigated by RBIs approach by regulations but still some factors remain questioned. We will discuss it through a SWOT analysis Strengths Weakness Basel norms requirement on regulatory capital RBIs proposed norms will bring an approach towards development of Indian economy especially for SMEs and rural areas. Basel norms will improve banking standards intellectual capital of banks. Currently Indian banking sector is affected by poor technology, infrastructure. Risk management practices are not up to standard in Banking No. of small banks in India is very high, Basel norms implications can impact their progress Opportunities Threats Effective risk management procedures and use of advanced technology can bring positive outcome of Basel norms Indian banking industry is benefited by strong asset base Basel norms implication will lead to bring it in to economic growth High regulatory capital requirement can lead banks to fight with managing capital to growth of the industry ( due to high no. of small banks) High Opportunity costs [lending money to SMEs] RBIs stand on the Basal Accord RBI wanted focus of the Capital Accord be primarily on internationally active banks to ensure competitive equality and reasonable degree of consistency in application. Cross holding of capital RBI approved of cross holdings of equity and regulatory investments to a upper cap of 10% of total capital to preserve integrity of financial system and to minimise adverse effect of system risk. Claims on Sovereign Only those External Credit Agencies should be eligible for assigning preferential risk, that disclose publicly their risk scores, rating process and procedures. Claim on Banks RBI wanted that the risk weightings of banks should be de-linked from credit ratings of sovereigns in which they are incorporated. Claim on Corporate Standardised Approach RBIs view is to assign lower risk weights to all claim on banks which are denominated in domestic currency and funded in that currency. Since there is operational risk due to increasing globalisation, use of technology and growing complexity of operations, an explicit capital charge for the same is to be applied. To comply with the third pillar, RBI proposes frequent disclosure on information which enables market participants to take informed decisions. But even this should be done only after proper demarcation between core and supplementary disclosures. The three year transitional agreement is not sufficient for all banks. Status of banks from other nations in meeting Basal norms Overall response has been 70%. European Union has already implemented the accord and many banks have reported ratios according to norms. About 112 countries so far have ratified Basel norms [connected to BAN]. 95 nations have indicated to adapt standardized approach. Around 90 countries are planning to implement pillar 2 pillar 3 by 2015. Economic crisis has delayed timetable of Basel II implementation in some countries (from Asia, Africa, Europe, and America Middle East). Major Criticisms against Basal Norms Basal norms generally favour large banks and that of developed countries since they have huge investments in IT which helps them comply with all the pillars of Basal norm. Even in Basel II norms all the three risks were addressed, still it couldnt save the banks all over from the economic recession. Also it did not account for the complex financial instruments like forward cover, derivatives etc. Our Stand Our nation should strive to maintain strong and vibrant financial system keeping in mind the developmental priorities. This can be done by bringing a right tradeoff between regulatory issues and developmental priorities. Developmental priorities have been more towards infrastructure development and credit flow to SME and agriculture as compared to the regulatory issues that comprise of market discipline, corporate governance success, and application of proper accounting standards. Our approach should be to gradually converge with the international standards with suitable country specific standards. All these above factors will be fruitful when these regulations are changed according to the need of the nation. Our policy makers, therefore, need to negotiate strongly the interests of emerging economies in every possible international forum on regulation.