Leadership in the Movies Wall Street Essay - 908 Words

This film deals with corporate America and the ethical behavior in the workplace. Bud Fox, as a young account executive, has the desire to become the highest salesperson in his company, and also the desire to become very rich. His focus is centered on getting a big account, mainly Gordon Gekkos. Gordon Gekko appears as a leader because of his charisma and his power to reward and by being an expert in his field as an investor. Gekko uses his power as a leader for personal gain. He uses his leadership negatively. He uses persuasion with reward Ââ€"making Bud a very rich manÂâ€"to get him to get inside trading information. This knowledge is against the law. By forcing Bud to make a quick decision to be on his team, Bud spies on†¦show more content†¦This is similar to Apollo 13 when Gene Krantz used Ken Mattingly, an expert and also an astronaut, to find a way to get the crew back to earth. Like Gene Krantz and the team members worked together to return the spacecraft, Bud uses union representatives and Laurence to develop a plan of action for forcing Gordon to sell his stock in Bluestar Airline. Everything that Gordon had taught Bud in acquiring Anacott Steel, Bud uses to acquire Bluestar stock. Laurence, the expert and with the power to but the stock, acquires the stock. Bud, like Todd in Dead Poets Society, arises as a leader instead of a follower when he realizes that he has been used, failed his father, and Bluestar Airlines. He gets followers, the union representatives and Laurence, to do the right thing because they were hard working people like his father and whom he respected. While Todd stood on his desk in salute to Mr. Keating, Bud stood up to Gordon by helping Laurence buy up the stock to save the company. Laurence Wildman, a rival to Gordon, doesnt emerge as a leader, but he is similar to Mr. Keating in Dead Poets Society. Mr. Keating wanted the boys to be all they could be and achieve. Laurence wanted Anacott Steel to make t he company successful. Like Ralph met with Jack in Lord of the Flies, Laurence meets with Gordon to gain back the steel companies stock. Rivalry existed betweenShow MoreRelatedNetflix : An Exemplar Of Emerging Technologies1133 Words   |  5 Pagescatalyst in nature for how individuals think, act and live. Along with these state of the art developments, Netflix has become the cutting – edge service for internet streaming media. Deemed as â€Å"a worthless piece of crap† from Wall Street analysts, Netflix with tremendous leadership gained control of their industry and swiftly transformed the delivery of movie rentals (How Netflix Beat Blockbuster: An Exemplar of Emerging Technologies†). 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Impact Of The Internet On Supply Chain Management

Gregory Long MG 5065 (Introduction to Supply Chain Management) Impact of the Internet in Supply Chain Management Dr. Janice Spangenburg July 10, 2016 Introduction The Internet has played a tremendous role when it comes to supply chain management. Supply chain management can be defined according to Miller (2013) as, â€Å"The planning as well as management of all activities that are involved in sourcing as well as procurement, conversion, plus including all logistics management activities.† Today the Internet has revolutionized companies and their supply chain strategies. Some of those areas affected by the Internet include inventory management, purchasing, transportation, order processing, vendor relationships, and customer service†¦show more content†¦Convenience, better prices, more variety, the ability to send gifts more easily, fewer expenses, price comparison, no crowds, and less compulsive shopping just to name a few. Most would say convenience is probably the biggest perk. Where else can you shop in the comforts of your own home? No waiting in line and you can do your shopping in minutes. With online shopping we have the opportunity to shop 24/7. When it comes to better prices, the Internet usually offer better prices and cheaper deals. Being that the product comes straight from the manufacturer or seller there’s no middleman to deal with. Most online retailers even offer rebates and discount coupons. Sending a gift has even become easier. No matter where they are, you can order a gift online and have it shipped directly to the recipient. There are more choices when you shop online. Customers are able to receive several brands and products from multiple vendors all in one place. The Internet gives customers the ability to shop for items all around the world and not just limited them to a specific geography. Customers will find things like a larger selection of sizes and colors that they might not be able to find locally. Inventory Management and the Internet Inventory management is one of the most costly aspects of supply chain management. The use of the Internet in this area has become more and more popular. Important in terms that it gives companies the ability to communicate theShow MoreRelatedThe Usage Of Supply Chain Management Essay1268 Words   |  6 PagesThe term Information Technology’s (IT) tools usage in Supply Chain Management (SCM) is defined as IT involved in improving SCM practice (Li, 2002b). Here in this study, usage of IT is especially defined as use of IT to enable activities within the organization, since this study aims to concentrate on the relationship between buyer and supplier. 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Successful supply chain management requires integrating business processes with key members of the supply chain, because valuable resources are wasted when supply chains are not effectively managed. Standard business

Business Ethics Market Discipline and Eu Corporate Governance

Question: Discuss about the Business Ethics for Market Discipline and Eu Corporate Governance? Answer: In the year 2007, Goldman Sachs approached an insurance firm named ACA to invest and place on any one side of a financial wager. This instrument was named Abacus 2007-AC1 was only made for an institutional client (familiar with the organization) named John A. Paulson, the manager of Paulson Company. When the traders of Goldman met ACA, they produced many mortgage investments. It affected the financial condition of the company. In the year 2010, the Securities and Exchange Commission charged the Vice President and the company with cheating on the investors through financial products that are linked with subprime mortgages (Avgouleas Cullen, 2014). Goldman Sachs was one such company that survived during the financial crisis period. However, the company was charged with cheating on the clients by selling them securities on mortgage that were designed secretly by John Paulson. The US government found that he made a betting of killing on the collapse of the housing market. The company denied the charges of the Securities and Exchange Commission and that created a big clash between the regulators and Wall Street. The shares of the company fell by 13% and this strengthened the position of the American President Barrack Obama. The product was complex and new. However, the conflicts and deception are simple and old. The Vice President of the company, Tourre, prepared the materials for marketing and structured the process of transaction. He had a direct communication with the investors of the business (O'Hare, 2014). Tourre was aware of the undisclosed interest of Paulson and his role in the process of collateral selection. He convince d and informed ACA to believe that Paulson Company had invested $200 million in the project ABACUS 2007-AC1. He also made them believe that they shred common interests. However, the reality was somewhat different. Their interests were quite conflicting. The SEC complains that Paulson Company had cut short the portfolio of RMBS and he was helped by taking entry into credit default swaps. The company had an economic opportunity to select RMBS for the selected task (Bidwell et al. 2015). When the government found that Paulson Company had cheated on their investors, it took several measures to decrease the fraudulent activities and accused Goldman Sachs on ground of fraud. It forced them to sell off their securities that catered to the collapse of the housing market. The housing market began to sink in the period between 2007 and 2008 and because of this, the new project suffered huge loss during this period. The Government found that when the market sank, it provided Paulson with an opportunity to make a profit of nearly $1 billion. The Government found him guilty of paying $15 million to Goldman Sachs for modeling and structuring the bonds of the said project (Lloyd, 2014). The company is a very big trader of bonds and stocks. It suffered a loss of nearly $90 million on the process of transaction. The investors were provided about sufficient information regarding the act of fraudulence. It was also found by the US government that the traders involved in the headqua rters of the company stopped working after this fraud. Paulson and Goldman have been working together since 1994 (from the establishment of firm of hedge fund). Paulson and his associates bought protection of toxic mortgages for millions of dollar. He wanted to expand his business. Deutsche Bank and Goldman were the firms that agreed to put deals for Paulson Company. The hedge fund selected a security list to form the foundation of CDOs. The target customers of the bonds (mortgage) were informed about the credit ratings of the firms (Hurley, Gong Waqar, 2014). When the laws of economies were defied by the housing market, the American economy had already made its way towards a new phase of sustainable growth. An exchange took place that included the financial product that was arranged by the company, Goldman Sachs. The firm also formulated high finance that led the company to adapt fraudulent activities. The firm set a gambling between the long side and wager. One side speculated that there would be an increase in the housing prices while the other side speculated that there would be a decrease in the housing prices (Keenan, 2015). Numerous factors led to the fraudulent activities adopted by Paulson Company that ultimately caused the project to decline in the potential or the target market. The factors led to involvement of the company in fraudulent activities and it has been charged with cases of cheating on the investors. However, the company has improved since then and they continue to deliver quality services that led to the profitability factor of the company. They regained their position in the potential market and earning high returns on investment due to improved techniques and methodologies. References Avgouleas, E., Cullen, J. (2014). Market Discipline And Eu Corporate Governance reform in the banking sector: Merits, fallacies, and cognitive boundaries.Journal of Law and Society,41(1), 28-50. Bidwell, M., Won, S., Barbulescu, R., Mollick, E. (2015). I used to work at Goldman Sachs! How firms benefit from organizational status in the market for human capital.Strategic Management Journal,36(8), 1164-1173. Hurley, R. F., Gong, X., Waqar, A. (2014). A framework for understanding and restoring trust in universal banks.The Routledge Companion to Financial Services Marketing, 456. Keenan, J. M. (2015). From sustainability to adaptation: Goldman Sachs corporate real estate strategy.Building Research Information, 1-17. Lloyd, M. B. (2014). Goldman Sachs: Hello.CORPORATE GOVERNANCE CASE STUDIES, 180. O'Hare, J. (2014). Synthetic CDOs, Conflicts of Interest, and Securities Fraud.University of Richmond Law Review,48(2).

Theories on and Analysis of Information Management in KFC Example For Students

Theories on and Analysis of Information Management in KFC To analyze the impact of information direction within KFC, it is necessary to understand and use assorted theories. This essay will get down by using the five force theoretical accounts established by to KFCis competitory place in the relevant market. This will help in finding KFCis influence and scheme in the market topographic point, whilst admiting the restrictions to the theory. Next the value concatenation theoretical account theorised by will measure how KFCis organizational construction aids in adding value to its assorted activities. Hence, these theoretical accounts determine the input of computing machine direction that is required to fulfill KFCis demands, in order to vie against its challengers over a long period of clip. Finally the usage of ICT within KFCis direction will be discussed to find the competitory advantage that is achieved and defended utilizing the Strategic push theoretical account that has been advanced by Whilst discoursing the current utilizations of in formation engineering within KFC, the essay will reason by proposing betterments to information direction patterns, which could add to the organisationis efficiency and fight. We will write a custom essay on Theories on and Analysis of Information Management in KFC specifically for you for only $16.38 $13.9/page Order now 2. Five Forces Model is an of import tool in analyzing an administration, such as KFC. This tool assists in measuring the profitableness of its current and future merchandises. Hence, in portion, it helps to find strategic procedures particularly in a competitory industry. The Five Forces can be summarised as follows. i Competitive competitions within the market topographic point i Bargaining powers of clients i Bargaining powers of providers i Threat of permutation i Threat of new rivals come ining the industry KFC iKFC is a transnational administration that provides fast nutrient to 12 million clients in 109 states. Kentucky Fried Chicken was originally founded in 1930 and changed its name in 1952. Globally, KFC is ranked amongst the top 10 fast nutrient eating houses in the universe and has a world-wide one-year turnover of $ 11 billion. Although KFC has performed inordinately good over a sustained period of clip, the franchise ranks behind McDonalds and Chicken Cottage, Burger King, which illustrates that the industry is competitive.i The Fast Food industry is in a competitory market particularly in the UK. KFC has legion subdivisions within the UK and the subdivision located in Southall will be analysed. Southall is located in West London and is a vivacious industrial country. KFC provide a diverse scope of merchandises runing from poulet, to salads, which increases their range in the market topographic point. Competitive Competition: KFC have a broad scope of ferocious rivals within this industry with the market portion being shared. KFCis direct challengers in Southall are McDonalds, Chicken Cottage, Burger King and The Fried and Grill. Innovation and competitory monetary values become the focal point for KFC in their scheme. However, any competition based entirely on monetary value can be unsafe in an Oligopoly market, as responses from rivals are likely to be fleet and can trip a monetary value war. There is an apprehension within the industry to non vie on monetary value. The indirect challengers to KFC are Subway and Pizza hut. These fast nutrient subdivisions result in the demand for KFC to introduce and diversify their merchandise scope, in order to contradict the consequence that their indirect challengers have on them. KFCis inventions such as the deal pail have ensured that clients are provided with diverse merchandises to distinguish them from their chief challengers. Besides, the usage of information direction systems to pass on secret formulas ( old or new ) and rational belongings rights to the Southall subdivision from central office ensures efficiency and profitableness. Dickering powers of Customers: The bargaining power of clients is determined by a scope of factors and besides depends on the merchandise scope. KFCis clients are likely to be consumers i.e. households or persons. Customers are likely to alter penchants over addition of monetary value. Besides, since there is ferocious competition, this provides clients with picks and gives the feeling of strong bargaining power. However, KFC is globally recognizable and face to confront interaction with clients additions trade name trueness. KFCis slogan ifinger creaming chickeni amounts up their individuality and singularity. Besides the diverse scope of merchandises means that there is a reduced range for replaceability, which weakens dickering power. Bargaining Position of Suppliers: KFCis usage of economic systems of graduated table to buy their natural stuffs increases dependence of the providers on them. Hence, providers receive a good proportion of their concern from KFC and are required to stay loyal and to offer the best possible trade to retain the fast nutrient eating house as their clients. This reduces the bargaining power of clients. However, the competition in Southall is ferocious with limited scope of providers in the country. KFC is able to cover the bringing costs from other parts of the UK, which enables it to weaken the bargaining place of its providers in the local country. Plus, the franchise would necessitate quality natural stuffs to keep the criterion and repute of its trade name. Menaces of new entrants: KFC have a big market portion in Southall, which is achieved through efficient information direction of their histories, merchandises, providers and selling. This enables them to streamline their operations and to maximize their profitableness. Besides, trade name image and selling enables KFC to increase trade name trueness amongst clients, which creates difficultly for new companies to come in the market topographic point. KFCis logo is protected by rational belongings rights and this prevents other companies copying or maintaining a similar name or motto. Already the market for fast nutrient is saturated, which diminishes the chances to come in the market. All these factors minimize the hazard of new entrants come ining the market topographic point. Despite this, there are smaller companies that can come in the market and offer lower monetary values. Menaces of Substitutes: The replaceability from KFC merchandises to other merchandises is determined through market research, which is conducted each twelvemonth by the administration. KFC have diversified their merchandise scope, which enables them to command the passage from one merchandise to another. This is clearly apparent from the passage from fast nutrient to more healthy nutrient i.e. the debut of salads and decrease in salt in their nutrient. .ud376cd9ec86943946fc2f545ba87b7eb , .ud376cd9ec86943946fc2f545ba87b7eb .postImageUrl , .ud376cd9ec86943946fc2f545ba87b7eb .centered-text-area { min-height: 80px; position: relative; } .ud376cd9ec86943946fc2f545ba87b7eb , .ud376cd9ec86943946fc2f545ba87b7eb:hover , .ud376cd9ec86943946fc2f545ba87b7eb:visited , .ud376cd9ec86943946fc2f545ba87b7eb:active { border:0!important; } .ud376cd9ec86943946fc2f545ba87b7eb .clearfix:after { content: ""; display: table; clear: both; } .ud376cd9ec86943946fc2f545ba87b7eb { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ud376cd9ec86943946fc2f545ba87b7eb:active , .ud376cd9ec86943946fc2f545ba87b7eb:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ud376cd9ec86943946fc2f545ba87b7eb .centered-text-area { width: 100%; position: relative ; } .ud376cd9ec86943946fc2f545ba87b7eb .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ud376cd9ec86943946fc2f545ba87b7eb .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ud376cd9ec86943946fc2f545ba87b7eb .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ud376cd9ec86943946fc2f545ba87b7eb:hover .ctaButton { background-color: #34495E!important; } .ud376cd9ec86943946fc2f545ba87b7eb .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ud376cd9ec86943946fc2f545ba87b7eb .ud376cd9ec86943946fc2f545ba87b7eb-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ud376cd9ec86943946fc2f545ba87b7eb:after { content: ""; display: block; clear: both; } READ: Essay on Infanticide: Cross Cultural Analysis of the Causes of Infanticide EssayCurrent tendencies suggest that clients within the UK are going more wellness witting and KFC have responded consequently by spread outing their merchandise scope. Despite this, there remains a hazard that clients will alter from one merchandise to another i.e. from poulet to pizza, nevertheless the costs for this to happen remain high. Alternatively the menace of replacing similar merchandises remains the biggest danger, due to the high degree of competition. 3. Value Chain Model The Value Chain Model was introduced by and is a conceptual tool used to better profitableness through strategic planning. Porter states that competition of an administration is non entirely dependent on bettering sub maps. Value concatenation analyses the phases of a competitory scheme. This enables an administration to understand its activities and to construct each phase of the value concatenation in the most effectual manner. The value concatenation aids in understanding behaviour of costs and beginnings of distinction. KFC market Analyze by Location For KFC to successfully develop in the fast nutrient market, they must add value to their activities. This is achieved through improving merchandises, developing staff, looking after clients and dickering with providers. KFC creates value through procedures, which are divided into interconnected economic activities and these add value to the administration. Besides, KFC conducts other related activities like production, selling and merchandising, which creates a value concatenation. These activities assist in pull offing the administration, therefore making a concatenation. A competitory scheme is imperative for the continued being and development of KFC, particularly within Southall, where competition is ferocious. Southall is busy industrial country located in West London. This country is populated by 90 % of Asians and bulk are muslim. Recently KFC introduced new merchandises and services into geographic and demographic countries. The merchandise introduced by KFC randomly targets all age groups. KFC have a recognizable trade name image and the cost of their merchandises are sensible. The administration divides into two dissimilar value activities procedure. i Primary activities. i Support activities. Primary activities are concerned with production i Inbound logistics i Outbound logistics i Operationss i Marketing and gross revenues i Service The Support activities are the internal activities of the company, which includes: i Firm Infrastructure i Human Resource Management i Technology Development i Procurement Both activities work together and add value that passes on the cost of adding the merchandise to the clients, therefore ensuing in a net income. Primary Activities Inbound Logisticss: The central office or the subdivision in Southall usage economic systems of graduated table and its repute to have price reductions for natural stuffs salvaging costs. Besides the location of the subdivision in Southall enables easy entree salvaging travel costs for the provider, who is likely to be located locally, capable to quality confidence. There is a direct nexus between assorted merchandises i.e. poulet and poulet Burgers, which means that the same natural stuff is used. Outbound Logisticss: KFCis finished merchandise is kept in a deep-freeze, so that it can be cooked and served by staff utilizing the equipment within the subdivision. The information to cook the merchandises is provided by central offices in return for royalty payments. This links with staff preparation and unvarying substructure layout of each subdivision, which in bend justifies the monetary values that are charged to clients. Operationss: The natural stuffs used by KFC are combined together to do the finished merchandise, which increases its value i.e. spicy poulet or combination repasts. This links with distinction and invention to supply KFC with a competitory advantage. Selling and Gross saless: KFC have a assortment of methods for entering client penchants. The administration has an internal process, where they analyse their gross revenues figures for each merchandise over a period of clip to set up a tendency. Besides, there is an external process where market research is carried out each twelvemonth. This allows KFC to aim specific advanced merchandises to specific consumer sections through Television selling. Service: KFC supply efficient client service to add value to the administration. This requires thorough staff preparation, development and supplying the right equipment for the subdivision in Southall. Besides, the subdivision provides a alone installation for free bringing in the country. The substructure and control from central office has to be adhered to strictly. This enables KFC more flexibleness on monetary value, based on trade name trueness, despite competition. Cost advantage: KFC purpose to diminish costs for their merchandises by implementing the value concatenation. This begins with the primary activity of telling natural stuffs i.e. ingredients from central offices or from local beginnings at the best monetary value possible. Since over 40 % of customers/consumers are Muslims, it is indispensable to obtain supplies from the right beginning. The secondary activity is securing the order in progress from central offices or for Halal meat provider guaranting that it complies with the Halal Food Authority demands. Besides, KFC uses technological developments to add value i.e. utilizing streamlined fabrication processes to increase net income borders. Infrastructure of KFC: ( By interviewed ) i KFC vision for high quality merchandises. i Highly impressive and unvarying design construction. i All services under one roof. i Trained A ; qualified staff. KFCis market scheme and development program. The Infrastructure of KFC is intriguing and capturing all over the universe. Ideal color strategies, enjoyable illuming mercantile establishments, comfy sitting agreement, trained staff and their proper division of work, art interior beautiful, rapid cookery procedure, particular block for childs, etc. by study KFC Franchise primary activity Procedure: by study KFC Franchise staff Infrastructure: i Support Activities Human Resource Management: iKFCis vision is to keep a universe category administration, which is attained through edifice people quality, making committedness and actuating administration effectivity. The function of HR is to enroll and engage operational staff. They besides provide developing for direction and operational squad by caput office. KFC enrolling process is easy and they have on-line systems, where they have all available vacancies by station, location or areai . ( Accessed day of the month 26-11-10 ) Technological Development: .ub4c735a54e24cb7924f0b9965eac1304 , .ub4c735a54e24cb7924f0b9965eac1304 .postImageUrl , .ub4c735a54e24cb7924f0b9965eac1304 .centered-text-area { min-height: 80px; position: relative; } .ub4c735a54e24cb7924f0b9965eac1304 , .ub4c735a54e24cb7924f0b9965eac1304:hover , .ub4c735a54e24cb7924f0b9965eac1304:visited , .ub4c735a54e24cb7924f0b9965eac1304:active { border:0!important; } .ub4c735a54e24cb7924f0b9965eac1304 .clearfix:after { content: ""; display: table; clear: both; } .ub4c735a54e24cb7924f0b9965eac1304 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ub4c735a54e24cb7924f0b9965eac1304:active , .ub4c735a54e24cb7924f0b9965eac1304:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ub4c735a54e24cb7924f0b9965eac1304 .centered-text-area { width: 100%; position: relative ; } .ub4c735a54e24cb7924f0b9965eac1304 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ub4c735a54e24cb7924f0b9965eac1304 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ub4c735a54e24cb7924f0b9965eac1304 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ub4c735a54e24cb7924f0b9965eac1304:hover .ctaButton { background-color: #34495E!important; } .ub4c735a54e24cb7924f0b9965eac1304 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ub4c735a54e24cb7924f0b9965eac1304 .ub4c735a54e24cb7924f0b9965eac1304-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ub4c735a54e24cb7924f0b9965eac1304:after { content: ""; display: block; clear: both; } READ: A Good Man Is Hard To Find EssayMany companies use engineering all over the universe to salvage cost and for procedure direction. KFC usage information system to their advantage and they have incorporated two types of systems. One is an electronic hard currency registry system, which they use for gross revenues operations and to keep day-to-day gross revenues study. The other is an iInventory Control System, i which is really good and helps the franchise to explicate their scheme. The Inventory Control System is straight integrated with KFC central offices. KFC central office received gross revenues studies on a day-to-day footing via the system.The system is called iARMS Systemi . Besides, the system has of import characteristics installed, such as hive awaying information in relation to recipes, cost of merchandises, buying direction e.t.c. KFC have a web site, where information in relation to all merchandises and their nutrition value is provided in line with a wellness witting society. Procurement: KFC central offices have a unvarying policy for all their franchises. The subdivision located in Southall is required to buy all its natural stuff, cooking ingredients and equipment from KFC approved providers. KFC bargain merchandises in majority to command buying costs and provide line from providers. KFC on a regular basis reappraisal bringing, quality and cost from their providers to increase efficiency and streamline the procedure of procurance. KFC is straight linked with their franchise and receives orders for supply of natural stuff. The franchise in Southall can put orders through Information system or by phone. 4. KFC Information System KFC have over recent old ages adopted and changed their information system construction through streamlining their procedures and implementing amendments in line with evolving demands. KFC, as an administration have utilised their information system for different operational procedures. This assists in cut downing the cost of natural stuff and recruiting less on the job staff. All the necessary information, such as supply concatenation direction, franchises or new publicity shops is portion of the system. Besides, KFC have a comprehensive online web site, which assists in increasing concern advantage. On the web site there is information in relation to updating monetary values, latest activities, publicities, advertizements and client feedback. Recently, the Southall franchise has upgraded their information system package to include recognition card payment installations. This increases payment method for clients and enables the administration to roll up customersi information. This an invention that KFC has adopted to stay competitory in the market. Besides, Information system can be used to organize clip direction. Technology evolves each twelvemonth and new engineering involves many communicating system channels, which can be electronic or by actions. 5. Competitive Advantage Differentiation: KFC have differentiated their fabrication procedure to guarantee that they retain a competitory advantage by utilizing information system and have created their ain unique demands, which is different from their chief challengers. Primary activity involves making merchandises that are alone. The strong distribution channels enable them to secure or bring forth within a short infinite of clip and for discounted rates, in conformity with quality confidence. KFC have integrated with some facets of its supply concatenation i.e. having farms within the UK, which allows the administration to command quality. This unifies produce across all the subdivisions including Southall, therefore warranting its monetary values and perceived consumer benefits. Innovation in new merchandises requires maximizing the usage of technological developments. Invention: KFC new merchandises invention is iPopcorn Variety Bucket Chicken, ITWIST with two spirits and All Stars Box Meal, i which creates an individuality that can be differentiated from their chief challengers. Growth: KFC is the largest worldwide fast nutrient administration and runs a globally successful concern. The international growing of KFC is recognised through the location of eating houses across 100 states. KFC have 700 eating houses in UK entirely. Cost: KFC eating houses are good renowned for offering merchandises at low-cost monetary values, which links in with efficiency and streamlining information direction. Particularly, KFC are able to offer particular trades, which provide value for money and enable the administration to vie with its challengers. 6. How can better the IMS By analysing KFCis information direction systems in the context of the current market, it is clear that there is room for betterment. The selling scheme i.e. advertisement, planning and way is presently unequal to vie with the likes of McDonalds and Pizza Hut. KFC should present more promotional stuffs i.e. wages cards for clients, which has been adopted by other fast nutrient resturants. Alternatively, KFC can present vouchers or keepsakes, which consists of all customersi related information. 7. Decision Overall it is clear that the five forces theoretical account, value concatenation and strategic push have been used by KFC to achieve a competitory advantage over its challengers. The theories assist in set uping the information direction demands for the administration to run expeditiously and efficaciously i.e. the usage of the ARMs system. The five forces theoretical account enables KFC to analyze its competitory place within the fast nutrient market and to explicate a competitory scheme to increase its influence in the market. It can be seen that for illustration KFC has strengthened its bargaining place with providers by incorporating with some facets of its supply concatenation. The value concatenation enables KFC to add value to its activities to warrant the monetary values it charges clients and the sensed benefits. The primary and secondary activities link with each other to supply insight into how to increase efficiency within the value concatenation. The strategic push prov ides an penetration into how KFC is able to distinguish itself and its procedures from its challengers to derive a competitory advantage. Reducing costs and supplying alone merchandises are the focal point for separating KFC in the fast nutrient market by using its trade name repute. Information direction systems such as effectual communicating between central offices and the franchise in Southall enable analysis of selling scheme. Besides the usage of new engineering, such as bit and pin systems have benefited the subdivision in the country of Southall, as more payment methods are covered. However, it is apparent that there is still room for betterment through utilizing vouchers and/or souvenirs to pull clients.

3 Cases of Misplaced Modifiers

3 Cases of Misplaced Modifiers 3 Cases of Misplaced Modifiers 3 Cases of Misplaced Modifiers By Mark Nichol Modifying phrases are welcome additions to sentences that provide additional information, but when they are inserted awkwardly, they hinder meaning rather than enhance it. In the following sentences, the modifiers appear at the wrong point in the sentence; see discussions and revisions that clarify the intent of the informative phrases. 1. Smith told the man to close the doors while holding the weapon to his head. This sentence implies that the man was instructed to hold a weapon to his head and close the doors, but the man had a gun to his head when he was told to open the doors, so that key information should precede, not trail, the description of the task he was given (and switching the noun and the pronoun identifying the other person provides further clarity): â€Å"While holding the weapon to the man’s head, Smith told him to close the doors.† 2. She was only with Jones for four months because he was abusive. Technically, this sentence indicates that the woman remained with Jones for the sole reason that he was abusive, and she did so for four months. It could also be misread to imply that because of Jones’s abusive nature, the woman was with him and no one else for four months (though that reading is most likely if only follows Jones.) However, the intended meaning is that her time with him was minimal, so only should immediately precede the reference to the time frame: â€Å"She was with Jones for only four months, because he was abusive.† (Better yet, write, â€Å"Because Jones was abusive, she was with him for only four months.†) 3. As a young man, Jones recalls the 1945 parade that honored Smith as an event he will never forget. Using â€Å"as a young man† to introduce the recollection implies that it occurred when Jones was a young man, although the tense form of recall is wrong. For an unambivalent reading, Place the parenthetical phrase â€Å"as a young man† after â€Å"Jones recalls†: â€Å"Jones recalls, as a young man, being at the 1945 parade that honored Smith as an event he will never forget.† Better yet, recast the sentence entirely: â€Å"Jones says he will never forget when he, as a young man, witnessed the 1945 parade honoring Smith.† Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Grammar category, check our popular posts, or choose a related post below:Addressing A Letter to Two PeopleRules for Capitalization in TitlesDealing With A Character's Internal Thoughts

Making sense of strategy Essays

Making sense of strategy Essays Making sense of strategy Essay Making sense of strategy Essay 8301 A Making Sense of Strategy I An Analysis of the Impact of the Internet on Competition in the Banking Industry, using Porters Five Forces Model [Student Name] [Student ID] [Submission Date] words: 2500 Table of Contents Question 1: Examine how the emergence of the internet is likely to affect the competitive landscape of the banking industry. a. Evolution of Internet its Effects on Banking Industry: In todays modern era, nobody can deny the immense growth of technology and power of computerization. Modern computerized revolution has penetrated into every sector in the form of internet. The emergence of internet has greatly helped the banking industry to setup a domain of its clients and mark their geographic locations. This computerized system of banking simply refers to E-banking that is a broad term that takes place on the online system. There is no need to go personally to the bank; it only demands an online system to make the financial transactions. It can also be called as online banking, phone banking or a personal computer banking, etc. The power of online banking and e-business solutions has greatly helped the customers to make instant transactions online. With these latest wired facilities, banks can easily carry out their account operations, or the e-business plans, the online banking system now provides full convenience to its customers to check the status of their accounts and to make transactions at its fastest pace. Electronic banking has become a platform to meet the demands of the changing and growing consumer as well as develop a new base of customers. It is not only the fastest mean of transaction but also provides more efficient ways to handle your bank account. It has provided many Job opportunities by enlarging the commercial market. There is a substantial increase in the altering standard of living and know how scientific the efficiency of the people decided that the Internet and online banking channel is that were hardest smack and used confidently. Lets discuss about the benefits of todays online banking system and its various client oriented approaches. The most basic elements of an online banking system are Customers Account Management, Provision of Fast Solutions, and Value- Added Services and Support. One of the biggest advantages of online banking is the efficient account management and its operations. Be it an online purchase request, or a simple balance enquiry, be it a cash transfer process or an e-business investment, the power of online banking operations has made it much easier than before. Now, the customers are not required to go and visit bank themselves. With online banking facility, they can easily operate their accounts, make transactions and can have their bank statement checked instantly. Moreover, corporate banks can easily provide fast services to their customers by using their online banking system. Another advantage of online banking is the reduction of business cost. An online system provides a central data repository and a network of computers attached with the main server. This helps to reduce the operational costs of a bank for maintaining more branches at different locations. Internet is the most powerful source to capture a wider audience simultaneously. With this facility, it has become much easier to setup a network of online banking system. Internet banking does not restrict the banking system within a country but allows offering their services globally without involving any extra cost. Internet has made it easier to target specific market online. It directly allows bank to focus more and to provide full product information, services or any other information necessary to be known by the customer. This feature gives advantage to the bank to get the hold of most profitable customers and to keep up the long term relation with them. Online banking approach provides flexibility to remain connected with your valuable customers 24 hours and keep them updated about their desired information on a regular basis. This helps to enhance the image and reputation of the bank. Provision of fast value added services helps to acquire ustomer attention more promisingly, with added customer loyalty and trust. A lot of new innovative technologies and advance services are rapidly becoming a part of online banking system. This will provide a competitive edge to bankers by attracting more customers with powerful client oriented packages and consumer driven initiates. Internet as a strong means of communication has greatly helped to boost the online banking process and making it a future demand of todays banking industry. Question 2: be able to compete in this environment dominated by internet and online banking. . Fundamental Requirements to Establish a Hi-tech Banking Industry: With the huge growth of banking business and emerging need of internet banking, there must be a wide availability of resources and capabilities that a bank should possess to compete in a fast paced environment. Lets talk about these resources and capabilities that make a bank successful in todays modern computerised world. 1 . Online Banking: The first and foremost necessity of todays computerized banking industry is to have an online banking system. With the power of internet, online banking is the only system which provides easy solution to customers problem. Now your problems can be addressed instantly on the net, through your banking network. Different banks are providing different packages and services to capture more market share and customers loyalty. These includes special banking offers like car loan facility, house loan, study loan, business loan, credit card facility, visa card for shopping purposes, and much more. With each value added service, different banks offer different packages and discounts to their customers, to make their online banking system better and most desirable as compared to their competitors. . Mobile Banking A new state-of-the-art facility in computerised banking industry is the mobile banking. With this innovative technology, customers can now operate and check the status of their account online, by using their mobile internet. Majority banks have been providing an alert message facility to its customers. You can easily subscribe to any online value added service by sending a text message on your bank servi ce number, or online help number. Either it be a request for your account balance to be received weekly or monthly basis on your mobile via sms alert facility, or it is request o get your transaction details as an instant message from your bank. The mobile banking is a highly beneficial facility for businessmen and entrepreneurs. 3. Competent Staff Another emerging need of internet and computerised banking is the availability of competent and talented staff. Having educated and smart people on board can greatly help to contribute positively in companys growth and development. Moreover, it is required that the staff must have the prior knowledge of online internet marketing and e-business strategies to effectively carry out the banking operations. Experienced staff and trained people would be able to handle technical and non-technical, both problems easily, and would be in a much better position to meet customer needs to their full satisfaction. Another added benefit is the establishment of healthy learning environment, where senior and trained personnel can help to train new staff on the latest online tools and banking software, and could also get benefited from fresh ideas of the newcomers. . Secure Network One of the most important concerns of online internet banking is its system security and safety. The account information is the most confidential data of a customer that eeds to be privately secured. It is highly important that the bank must have a firewall protection and other security protocols and measure to keep data safety and integrity. Cybercri me and hacking are at its peak. There is a need to protect system from these online threats, malwares, computer viruses and other bugs that can lead security techniques and softwares to protect clients data. This high end protection enables the bank to carry out its operations smoothly and helps to maintain the required trust level with its customers. 5. Prior Planning Action Banking business is progressing rapidly with todays market needs and customers ecessities. Market is the survival of the fittest. Without proper business action plans and strategic marketing policies and procedures, a bank cannot compete in recent electronic banking environment. A banker must do a proper market survey and study of its operational environment before starting its banking business. This helps to determine its main stakeholders, competitors, and current services provided. Moreover, it would be helpful to make a healthy business structured plan and improved programmes, offering better policies and procedures, as compared to other competitors of the banking industry. Question 3: The authors argue that certain theories and concepts used to key for competitive advantage in the traditional business environments are no longer important in this new era of internet dominant environment. Explain. Contemporary Theories and Internet Dominant Environment The modern approach of online baking and internet e-business has changed the banking procedures and operations drastically. A lot of new effective marketing strategies have emerged to address and solve customers problems and to provide better services. However, we should not forget about the indigenous and ontemporary marketing theories and philosophical models that makes the foundation of todays banking business. These models are the pillar stones of banking system. The old theories of competitive advantage demonstrate the basic working principles of banking business and its consumer driven approaches. One such competitive advantage theory is the Porters Five Forces Model. This framework is based on five forces that can influence the banking industrial structure. This model helps you to understand about the strength of your current competitive position and makes an important part of your planning toolkit. Porters models highlights about the Competitive Rivalry i. e. the number and capability of your competitors. If you have many competitors in the market, and they offer attractive products and services, then you will most likely have little power in the situation, because suppliers and buyers will go elsewhere if they dont get a good deal from you. Secondly, the Supplier Power i. e. how easy it is for suppliers to drive up prices. This depends on the number of suppliers, the uniqueness of their product or service, their strengths and selling capabilities. The third force is the Buyer Power i. e. the customers who inally consume the product or the firms who distribute the industrys product to the final consumers. Potential customers can bargain to cut down the prices being charged by the firms and can demand better quality and service of product. Then we have the Threat of Substitution i. e. the ability of your competitors to find a different way of doing what you do, by introducing substitute products having ability of satisfying customer needs effectively. Porters last and fifth force is Threat of New protection for your key technologies, then new competitors can quickly enter your market and weaken your position. If you have strong and durable barriers to entry, then you can preserve a favorable position and take fair advantage of it. Porters five forces model and generic strategies are easily applicable and greatly important for all the banking business scenarios. These basic strategies are the basis for all new and advanced theories and strategies. All banking business must consider and incorporate these theories, while designing and planning their marketing strategies, policies and programmes. Question 4: Select a bank in your home country and answer the following: a. Using Porters Five Forces model, discuss its competitive environment, b. How the internet impacts it competitive position and c. How it has continued to preserve its competitive position. a. Porters Five Forces Model Lets take the example of Central National Bank of America and discuss its operations based on the Porters Five Forces Model: Rivalry among Existing Competitors Business rivalry leads to a healthy market competition among existing firms as well as new entrants. If there are lot of competitors in the market, each competing for the same products and services, then there are strong chances of price fluctuation, innovation of new products and services, better advertising methods and campaigns nd provision of quality products. Business rivalry greatly effects the marketing operations and setups of business firms. Each firm tries to adopt effective methods and techniques to capture greater market and community share. Some may reduce their product price to attract more customers, while others try to introduce more innovative and substitute products. Some firms pay special focus on their advertising methods and campaigns to get a larger customer share, as well as making improvements in their products and services. For example, in Central National Bank, the competition among different banks is very high. The Central National Bank of America has to face strong rivalry from its competitors. To cope with it, the bank has adopted several policies including provision of improved quality of services, well planned advertising campaigns, and customer focused initiatives, to gain higher market share. Threat of New Entrants New entrants always bring a healthy competition in the market with their new innovative products and get a share in the market easily. Banking industry in Central National Bank is also on the rise. It is growing at a very good pace. Due to tough competition and emergence of new entrants in the market, Central National Bank of America, is forced to lower its margins in order to attract the customers. Threat of Substitute Products Services Nowadays, consumers are paying attention towards a better quality and affordable price product. This leads to competition among different firms to introduce high quality, superior products, but within the buying range of their customers. These substitute products and services are the basis to differentiate and makes a firm achieve better position in the market from its competitors. The banking industry is also adopting several cross-cutting techniques and policies to fulfil customer needs nd make them happy with their operations. The Central National Bank of America is also striving from the past many years to win customers heart by establishing a strong banking setup and better implementation policies. Several new banking services including online banking, mobile banking, and e-business investment plans have been introduced by standard chartered bank, to provide maximum flexibility and state-of-the-art facilities to its customers. Buyers Bargaining Power A buyer bargaining power is another strong influential factor that greatly affects the business. If the prices are higher, then the company would be in a weaker position, aking its clients inclined towards other competitors products and services. However, keeping a reasonable and affordable price lowers the chances of a buyer to bargain for products at their desired price. This in return helps to strengthen the position of the company in the market. Americas banking industry offer fixed charges and prices for almost all the services. This helps to establish reasonable price criteria where consumers dont have to decide between different competitors products. For example, the bank account opening charges and minimal opening balance requirement for all the banks in America is nearly the same. This helps the lients to open an account in any bank of their desire, as it would not make any wide ranging difference to switch between two banks. Suppliers Bargaining Power Suppliers bargaining power hold special importance to influence the market. If suppliers are providing high quality products which can meet clients need to its fullest, then they are in a better position to bargain a higher price for that product. Making services and products up to the mark and maintaining a suitable quality standard helps the suppliers to get a larger share and incentive out of their spent cost. Moreover, customers also prefer to buy a quality product. If other suppliers bargaining powers are lower, then the customers demand to get high quality, good featured product also rises. In Central National Bank of America, the suppliers of bank include the customer deposits, mortgage-backed securities, mortgages and loans, and loans from other financial institutions. The availability of several banks in the market makes the suppliers bargaining power high. a. Impact of internet on competitive position Power of internet in the banking sector has contributed greatly to promote and spread its operations worldwide. The facilities like online banking, mobile banking, ith quality internet banking services. Standard chartered bank is a multinational bank that also adds to the competitive edge. Moreover there have been so many unique services linked with standard chartered online banking that are provided by the bank. These all factors have helped the bank in setting the competitive advantage. c. Managing competitive position Standard chartered bank KSA, strong adherence to its policies and customer-oriented approach has helped to establish its reputation and image in the market, so far. It is considered as a leading bank in Saudi Arabia banking industry. This is also due to its onstant revision and upgrading of the online services and programmes to meet customer needs. Bank manages its competitive position by adding new services to its service line and by maintaining the standard of its services. Customers can get maximum benefit from standard chartered bank for its new initiatives and better revised policies. References Gefen, D. and Straub, D. (2000). The relative importance of perceived ease of use in IS adoption: A study of E-commerce adoption. Journal of the Association for Information Systems, 1, pp. 1-28. Gerrard, P. and Cunningham, J. B. (2003). The diffusion of Internet anking among Singapore consumers, International Journal of Bank Marketing, 21 (1), pp. 6-28 Kalakota, R. and Whinston, A. B. (1997). Electronic commerce A managers guide. Massachusetts: Addison-Wesley Longman. Porter, M. E. (1979) How Competitive Forces Shape Strategy, Harvard Business Review Simpson, J. (2002), The Impact of the Internet in Banking: Observations and Evidence from Developed and Emerging Markets. Telematics and Informatics, 19(4), pp. 31 5-330. Thornton, J. and White, L. (2001) Customer orientations and usage of financial distribution channels, Journal of Services Marketing, 15(3), pp. 168-185.

E-commerce Coursework Example | Topics and Well Written Essays - 7500 words

E-commerce - Coursework Example E-commerce is about using the internet to buy and sell goods and services online. Selling through websites is the fastest growing method of trading worldwide (Wigand, R.T. 1997). The two forms which comprise e-commerce are business to business trading where companies trade and exchange information using the worldwide web and the business to customer trading where companies deal directly with customers through web pages, and ordering is carried out online (Wigand, R.T. 1997). This research will primarily be concerned with the impact of building e-commerce website for business activity. Trading online enables business to reach much wider audiences while cutting the costs of traditional retailing methods. Although the website is substantial the potential benefits are enormous in providing most types of business with a competitive advantage. In the organizational landscape, the new and reasonable means that is perhaps the most encouraging of all drivers is E-commerce. It seems to have revolutionized the manner in which business processes and procedures are being undertaken (Margolis, 1999). Some of the goals that it has been able to effectively carry out are the improvement of the dealings among buyers, vendors, and suppliers, greater cost-efficiency and widening E-commerce website's scope in the global economy. This has accorded businesses more opportunities for growth and expansion (PC Week, 1999). Through an advocacy of more personalized approaches in business, it has given a new definition to competitiveness. Customer information and data are now being yielded by vendors from their consumers. The significant volume of data also allows these individuals to leverage on promotional offers and the best buys. Online trading has been successful at endorsing price competitiveness and compels online vendors to work towards this end goal (Munk, 1999). Within the retailing industry, the increased availability and accessibility of cyber trading has been the key to its immense popularity and steady rise. This also implies high cost efficiency, without the necessity of expenses such as rent, manpower cost or labor. The intense competition in physical markets and the very high fixed costs are just grateful for this innovative solution (PC Week, 1999). The broad array of products and services are appreciated and patronized by consumers. The substantial volumes of online data also compel online vendors to leverage on cost. The relative ease accorded by online shopping has allowed consumers to optimize their management of time (Mellahi & Johnson, 2000). Numerous online vendors have adapted the online store and a novel online shopping experience as concepts on the new online age. An outcome of this occurrence is the birth of the terms "cyber shops, virtual shops, e-tail, and online shops" were brought forth (Mellahi & Johnson, 2000). Physi cal vendors are pressured to cope or run the risk of being tagged obsolete. This resulted in the mushrooming of websites (PC Week, 1999). A contemporary investigation conducted by the World Trade Organization has indicated that a specifically promising future is waiting for firms who