...Activity 2 With the advent of the internet, access to information has never been so easy. In a 500 word report, discuss the advantages and the perils of using information from this source. The Internet is so far one of the greatest inventions of all time. The Internet has made it possible for us to do lots of things. People can shop in online stores like eBay, communicate with family and friends via Skype or Facebook, watch the latest videos on YouTube, blog and make money from it, and so much more. The Internet has proven to be very useful and has come with lots of advantages. The internet has made it easy for people to communicate with others because it is cheap and convenient, with the only costs being to the internet service provider. A branch of the internet’s biggest success is the induction of social media. Facebook, Instagram, Skype, Twitter, Messenger etc. are all types of social media that get people all over the world to use the internet. The internet is advantageous in the fact that it is chocked full of information about everything and anything. There are multiple search engines that have made it easier for Internet users to find information. You can also get the latest news, breakthroughs in all fields including medicine and even research publications at the click of a button with Google, Firefox, Windows Live, Yahoo, Wikipedia just to name a few. Today it is possible to carry out financial transactions online. You can transfer funds, pay taxes and utility bills...
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...Discuss the Advantages & Perils of using information from the internet The Internet (or World Wide Web) can be known as a kind of global meeting place where people from all parts of the world can come together. The internet service is available through your internet friendly device, i.e. computer, laptop, tablet or mobile phone, where just about everything under the sun is now at the fingertips of anyone who has access. Information in abundance! Of course with anything there are advantages & disadvantages on information usage. Advantages: 1. Access - The internet is a virtual treasure trove of information, any kind of information on any topic is available. The powerful search engines available on the internet can help you to find data on any subject that you need. 2. Convenience – because of the nature of accessing the internet you can have the information or means to acquire the information quickly, and just about anywhere. For example, in a meeting, at a bus stop (for a timetable), in your own home, etc. If you want to read a book these days you can download it rather than trekking down to the library or book store. 3. Cost effective – It can be cheaper to say read your downloaded book, catch a bus or drive to the local shops to buy a paper to read the news, pay for bank statements when you can now download them for free, free mail via email (no more postage stamps). 4. Nature – the information can target specific levels of study or business. Everything...
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...many writers have discovered that internet-based sources have made it easy to “cut and paste” material into their own work, and too often they fail to properly document this material, resulting in plagiarism. Often this occurs accidentally through carelessness or mistakes. The key to understanding how plagiarism happens and how to avoid it is to understand the philosophy of writing and what makes an academic paper an essay. What is an Essay? Because academic essays involve using other people’s research, ideas, and opinions to support and defend the writer’s own thesis, many writers believe an essay simply assembles these outside sources. Too often, papers read like a series of quotations glued together with transition words like “additionally” or “in contrast.” This is not a real essay. This mistaken idea about what an essay is makes it easy to plagiarize because the writer is doing very little thinking or writing by him- or herself. A true academic essay develops a strong thesis statement in its introduction and spends the rest of the essay supporting and defending that thesis, both through the use of facts, ideas, and information from outside sources and, more importantly, through the writer’s own analysis and discussion of those outside sources. Remember that in an academic paper, the analysis and discussion is the most important part of the essay. This is where you the writer show the client and your readers that you understand the sources you have assembled and that you...
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...strategy was to build long lasting relationship with their client and offer high-quality service. RiskMetrics primary customer was companies and business which requires an efficient and low-cost execution of risk analysis. Their business model was based on short-term software leasing. The company leased clients a CD containing a risk management application priced at $30000 annually per user and was password protected, after that clients paid by the month for the new password. Organizational Structure Since RiskMetrics Group was a new company, that formerly was a subsidiary of J.P Morgan, Berman used FLAT organizational structure. There were pro’s and con’s by using this kind of organizational structure: Competitive Advantage One of the major competitive advantage of RMG is its payment method. They use leasing payment method to attract costumer and make the costumer financial burden lighter. II. TIME LINE Early 90’s The RiskMetrics Group started as an in-house division of J.P. Morgan, the institutional investment bank. Dennis Weatherstone, chair of Morgan in the early 1990s, wanted a simple, concise daily report that measured the company’s proprietary risk at the end of each day. Why? Because the needs for accurate and clear measure of exposure to market volatilities. In the wake of such financial disasters such as Orange County, Barings, Daiwa and Showa Shell, banks and financial service firms recognized the need for accurate, clear measures of exposure to market volatility...
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...ENTERPRISE SYSTEMS 1 APPLICATION AREAS Interorganizational systems • Systems that span organizational boundaries • e-Business applications – B2C – link businesses with their end consumers – B2B – link businesses with other business customers or suppliers • Electronic data interchange (EDI) systems 2 APPLICATION AREAS Intraorganizational systems 3 APPLICATION AREAS Intraorganizational systems (cont’d) 4 CRITICAL CONCEPTS Batch processing • A group (or batch) of transactions are accumulated, then processed all at one time 5 CRITICAL CONCEPTS Batch processing (cont’d) • In the early days of computers, all processes were batched • Major problem is the time delay before the master file is updated 6 CRITICAL CONCEPTS Online processing • Each transaction is entered directly into computer when it occurs 7 CRITICAL CONCEPTS Batch processing vs. Online processing • Significant delay before master • Master file updated within a file is updated (usually 1 day) fraction of a second • Much less expensive to operate • Much more expensive to operate Batch Processing Online Processing • Some applications naturally suited for batch processing (e.g., payroll) • Some applications need to be processed in real time Note: given the tradeoffs, hybrid systems that combine online data entry with batch processing are very common 8 CRITICAL CONCEPTS Online processing 9 CRITICAL CONCEPTS Functional information systems • Information...
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...will be addressed in the study to ensure it has a comprehensive view of social network sites today. It is widely acknowledged that social networks are a big part of modern day society and are widely used, with almost half of children aged 8-17 having an active profile on at least one social network site. (Bicen and Cavus, 2010. p.17) There are many discussions and arguments as to the impact that social networks have had on the lives and the education of students and young people that will be identified in this review. With social networks playing an important part in the lives of students, a full understanding of their usage, or non-usage is needed in order to examine the impact that such sites have on the lives of their users. The Advantages of Social Network Sites Social networking sites improve the confidence of students due to the social interaction and the ability to create friendships. Cheung et al (2010) describe how social networks were created for students at university to connect with others on campus, and how it has now transformed so users can stay in contact with billions of others all over the world. Theyexplain how membership of social network sites has risen exponentially, and is still growing with the leading social network...
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...chapter Eric Futran/Foodpix/Jupiterimages In the SPOTLIGHT Leidenheimer Baking Company http://www.leidenheimer.com andy Whann is the fourth generation of Leidenheimer men to run [the Leidenheimer Baking Company], which was founded in 1896 in the city of New Orleans by Sandy’s greatgrandfather, George Leidenheimer of Germany. The bakery produces French bread made famous by traditional local dishes like the muffaletta and po boy sandwiches that originated in the heart of the French Quarter. As a lifetime citizen of New Orleans, Sandy has experienced many evacuations and has become adept at hurricane planning through the years. When the hurricane alert [for Katrina] was issued on Saturday, August 27, 2006, this veteran immediately put his family emergency plan into effect as his wife and two children prepared to leave the city. Sandy remained near the plant to keep a close eye on his 110-year-old company and keep production working at a minimal capacity. With his family out of the city, Sandy uncharacteristically decided to shut the bakery down, secure its exterior, gas lines and doors and encouraged his employees to prepare their own homes and loved ones for the storm and potential evacuation. Both Sandy and the Leidenheimer management team keep home phone numbers and emergency evacuation contact information for all employees. 23 LOOKING AHEAD Managing Risk in the Small Business S After most of his employees had left, only Sandy, his plant manager, and chief engineer...
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...The future for rich countries is economic stagnation, as economic growth increasingly occurs in developing countries in Asia. Introduction In December 2007, The Great Recession has affected the world economy(S. Montana.2010). This downturn more or less was detrimental to every country. However, by the summer of 2009, world economists started to believe that recession was over. The subsequent recovery was weak with persistent high levels of unemployment and inflation which still remained throughout many countries(The Economist.2010). This so called economic crisis caused substantial economic upheaval. Rich countries are no longer dominate the world, while rapid economic growth in Asia is becoming more and more significant. This essay will emphasize that the balance of power will not shift to the East, as India and China develop, and will illustrate the key fact why the West will not regress. An analysis regarding the forecast for both, developing and developed, countries will be provided by looking at: the economic prognoses for Asia, China and India in particular; the potential economic stagnation in rich countries; the evidence suggesting that the balance of power will not shift from West to East. Current economic situation in Asia. Forecast for Chinese and Indian economy. Even The Great Recession in 2007 could not stop sustained takeoff of two countries, which population together accounts one-third of the planets population, India and China. Both countries...
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...Lesson 13: Investing in Mutual Funds What is a mutual fund? * A mutual fund is a professionally managed pool of money invested in stocks, bonds and other securities. * By purchasing mutual funds, small investors can easily diversify their investments and enjoy the benefits of professional management. * Investors own units or shares in the fund and benefit proportionately from any increase in value and/or income earned by the investments owned by the fund. The Reasons Investors Choose Mutual Funds | Mutual funds have grown in importance in Canada over the last twenty-five years. As of February 2008, there were 2,038 mutual funds with a total worth of nearly $679 billion – up from only $3.5 billion in 1981.The two major reasons investors choose mutual funds are: 1. Professional management - although there is no guarantee that the fund will outperform the market. 2. Diversification - by asset class (i.e. by holding a mix of stocks, bonds and money market investments) or within each asset class (i.e. by holding a variety of securities within each class). The risk of mutual funds arises from the risks associated with the investments they hold. * For example, a bond fund will be subject to interest rate risk – as interest rates rise, the value of the bonds owned by the fund will decline. | Mutual Funds With and Without Loads A load is a sales commission. In a load fund, the investor pays a commission every time he or she buys units (front-end load)...
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...Management in the School of Business at Pacific Lutheran University, Tacoma, Washington, USA. Keywords Internet, Economy, Innovation, Strategy Abstract Electronic commerce or business is more than just another way to sustain or enhance existing business practices. Rather, e-commerce is a paradigm shift. It is a ``disruptive’’ innovation that is radically changing the traditional way of doing business. The industry is moving so fast because it operates under totally different principles and work rules in the digital economy. A general rule in e-commerce is that there is no simple prescription and almost no such thing as an established business or revenue model for companies even within the same industry. Under such conditions, an analytical framework is needed to assist e-commerce planners and strategic managers in assessing the critical success factors when formulating e-commerce business models and strategies. This research develops an analytical framework based on the theories of transaction costs and switching costs. Both demand-side and supply-side economies of scale and scope are also applied to the development of this framework. In addition, e-commerce revenue models and strategies are also discussed. Based on the analytical framework developed by this research, this paper discusses the five essential steps for e-commerce success. They are: redefine the competitive advantage; rethink business strategy; re-examine traditional business and revenue models, re-engineer the corporation...
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...the School of Business at Pacific Lutheran University, Tacoma, Washington, USA. Keywords Internet, Economy, Innovation, Strategy Abstract Electronic commerce or business is more than just another way to sustain or enhance existing business practices. Rather, e-commerce is a paradigm shift. It is a ``disruptive’’ innovation that is radically changing the traditional way of doing business. The industry is moving so fast because it operates under totally different principles and work rules in the digital economy. A general rule in e-commerce is that there is no simple prescription and almost no such thing as an established business or revenue model for companies even within the same industry. Under such conditions, an analytical framework is needed to assist e-commerce planners and strategic managers in assessing the critical success factors when formulating e-commerce business models and strategies. This research develops an analytical framework based on the theories of transaction costs and switching costs. Both demand-side and supply-side economies of scale and scope are also applied to the development of this framework. In addition, e-commerce revenue models and strategies are also discussed. Based on the analytical framework developed by this research, this paper discusses the five essential steps for e-commerce success. They are: redefine the competitive advantage; rethink business strategy; re-examine traditional business and revenue models, re-engineer...
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...GLOBALIZATION AND ITS IMPACT ON BANGLADESH ECONOMY A thesis presented to the Faculty of the U.S. Army Command and General Staff College in partial fulfillment of the requirements for the degree MASTER OF MILITARY ART AND SCIENCE Strategy by RAHMAN MD FAIZUR, MAJOR, BANGLADESH M.D.S., National University of Bangladesh, 2004 Fort Leavenworth, Kansas 2005 Approved for public release; distribution is unlimited. REPORT DOCUMENTATION PAGE Form Approved OMB No. 0704-0188 Public reporting burden for this collection of information is estimated to average 1 hour per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing this collection of information. Send comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden to Department of Defense, Washington Headquarters Services, Directorate for Information Operations and Reports (0704-0188), 1215 Jefferson Davis Highway, Suite 1204, Arlington, VA 222024302. Respondents should be aware that notwithstanding any other provision of law, no person shall be subject to any penalty for failing to comply with a collection of information if it does not display a currently valid OMB control number. PLEASE DO NOT RETURN YOUR FORM TO THE ABOVE ADDRESS. 1. REPORT DATE (DD-MM-YYYY) 2. REPORT TYPE 3. DATES COVERED (From - To) 17-06-2005 ...
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...Connecting with Patients J. Scott Joslyn, PharmD, MBA ABSTRACT Electronically connecting with patients is a challenging frontier at which technical hurdles are probably exceeded by political, legal, and other barriers. The rise of consumerism, however, compels a response focused more on revenue and strategic advantage than on pure cost savings. Among the difficulties faced by providers is choosing among various models of connectivity and component function. Emerging models include “freefloating” personal medical records largely independent of the office-based physician, systems with compatible and intertwined physician and consumer relationships using an application services provider office practice system, and systems that connect patients and providers through e-mail, office triage, prescription refills, scheduling, and so on. This article discusses these and other combinations of technology that significantly overcome the barriers involved and that may be woven together to provide solutions uniquely suited to various competitive situations. KEYWORDS • Consumerism • Patient-provider relationship • Data ownership • Application service providers • Time and cost savings The Internet has created both opportunities and threats that providers of all stripes must eventually confront to remain viable businesses in the new economy. Although business-to-business (B2B) innovations offer great hope in reducing costs and providing other efficiencies, electronically connecting with patients is a particularly...
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...from various perspectives. From a communication perspective, e-commerce is the delivery of information, products, and services and the payment for these over telephone lines, computer networks, or any other electronic means. From a business process perspective, e-commerce is the application of technology toward the automation of business transactions and workflow. From a service perspective, e-commerce is a tool to cut service costs while improving the quality of goods and increasing the speed of service delivery. From an online perspective, e-commerce provides the capability of buying and selling products and information on the Internet and other online services. This project considers electronic commerce as the process of buying, selling, or exchanging of products, service, and information by various agents via computer networks including Internet. As such one can study the structure and mechanism of electronic commerce from an economic perspective. In electronic commerce setting, a new market order has been realizing. However, one can recognize many similarities in the structure of this new market with those of pure competitive market described in microeconomics. Consequently, this market setting may foster a perfect competition and thus market equilibrium in a classical economic sense. This section examines the components of electronic commerce market setting and the characteristics of...
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...together hence advanced business transactions and communication globally. Although the introduction of IT facilitated global business interaction accompanied with other advantages. There has been a real problem ensuring efficient use of IT due to various problems associated with it, thus challenging various scientists to discover techniques on how to solve such problems. Therefore, by views arguments on different methods of solving problems, the following points are more applicable; it is very important to discover the cause and the effect of the problem, the application of brainstorming may easily help in correcting the problem. Checklists, impact diagrams and the“5-whys” strategy is also applicable in solving any IT problem (Johnson, 2005, pp. 213-215). Brainstorming method The key method of this paper is brainstorming; According to Johnson, 2005, pp. 213-215, it is more useful when a group of people gathers to discuss a certain issue by sharing ideas from each other through giving suggestions on how to solve the issue on hand. For example, a computer might be having a problem of connecting to the Internet, by coming together as a group it may be easier to solve such a problem; the problem might be usage of unregistered broadband transmitter with a specific Internet service provider or incorrect Internet software. Therefore, sharing with others the problem may easily be tacked (Doyle, 2001, pp. 120-130). The cause and effects By considering...
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