...contributions are necessary for guiding business practices. Due to this reasons, the franchise systems were created as a mode of expanding businesses. Most of business minded people were selecting the franchising business as their way to expand their profits as well as their wealth. The concrete reason why they were selecting this kind of business is due to systematic management and cash flow which is provided by the franchisors. However, in these competitive markets, they still have their own weaknesses and might affecting failure of the franchising business itself. The weakness is depends in various aspects including surrounding cultures, afford abilities of the consumers, and etc. Therefore, the franchisors need to do a certain research in order to prevent their business from getting collapsed due to their own weaknesses and any surrounding problems. The remainder of this paper is structured as follows. Section A is regarding demographic, geographic and psychographic of the respondents involved throughout the research. Section B is examines the factors which causing the failure of franchising business in Malaysia. And on the last section examines the strategies which can be taken in order to improve franchising business in Malaysia. 1.1 Problem Statement. Recently, Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob, from his speech which is published on 31st March 2010 in Business Times, attribute that 14 franchise businesses...
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...Information System Business Problem Dimensions The three dimensions of business problems are people, organization and technology. People can be detrimental to a business in that they may lack the necessary training or understanding of a business’s information systems. A lack of training or understanding of how the company works, the flow of shipping & receiving of products or inventory, and a company’s business objectives will hinder the success of a business. Managers and workers should be trained in many areas and procedures in order to work more efficiently and effectively. Organization problems in business can be related to outdated business processes, turbulent business environment from unsupportive culture or attitudes, faulty company practices or office politics, to name a few. Some of these organizational issues can be placed on faults in the current system or from influences in the past practices that have not been previously addressed or corrected. Technology can also pose problems within a business by the fast-paced changes that come with new technology such as improvements to computer hardware and software, and database capacities. Adding to technology problems is, the lack of knowledge or employee training in operational practices for the company used electronic systems. Information Technology (IT) “consists of all the hardware and software that a firm needs to use in order to achieve its business objectives” (Laudon & Laudon, 2011, p. 10). This...
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...Information System Business Problem Dimensions Roland L. Beauchesne, Jr. IT/205 May 25, 2012 Inez Gronewald Information System Business Problem Dimensions The three dimensions of business problems are: 1. Organizational; 2. Technology, and; 3. People. Organizational problems could potentially include business practices that are behind the times, lack of resources, and change. If a business that has practices that are behind the times, or outdated, it can easily find itself being left behind and struggling to compete with competitors. The lack of resources can seriously hinder a business, as it will not be able to obtain the materials and staffing necessary to meet the demands of their consumers and the market. Change is the biggest potential problem, as people resist change and want to remain with what is familiar to them. Change, will being the biggest potential problem, can also be the biggest innovator in advancing the business in its market. As an example, from the text, UPS adapted its procedures to streamline its operations and to meet the needs of their customers while still maintaining their corporate culture of delivering packages in a timely manner at a low cost (Laudon & Laudon, 2011, pp 18, 19) Information technology consists of the desktops, laptops, tablets, servers, software (i.e. Microsoft Office), and handheld devices (i.e. IF guns and smartphones) that a company uses during the course of day to operate effectively. Information systems, on the other...
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...Latoya Alexander Business Problem Solving Case Chapter 11 11-14 – I don’t think automated grading is very intelligent although it is an easier way for teachers to grade essays. Automated grading can only go so far it can correct spelling and grammar I prefer an essay paper physically graded by a teacher not only does it tell me what I did wrong but what I need to do better on the next essay. 11-15 – Automated essay grading can be more effective for some grade levels but not all of them. It can great tool for elementary and high school students because not only does it tell them what mistakes they made but it prepares them to complete college essays because by the time they reach college they should know how to write a proper essay or paper. 11-16 – The benefits of automated grading include spelling and grammar checks. The drawbacks is having the satisfaction of having you paper graded by a real person who can give a student tips on what they need to do better to obtain a better grade on the next essay. 11-17 – I think the main people and organizations that would greatly benefit will be teacher that is teaching a class with a large number of students and students in elementary and high school. 11-18 – I would be very suspicious of a low grade I received on a paper graded by AES software because the software could be flawed and not grade my paper properly I would prefer and human grader over a computer....
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...Problems and prospects of our small industries Published : Saturday, 05 January 2013 Women working in a small industrial unit Md Atikur Rahman Every country wants to develop. We believe that industrial development can bring in faster development for any country. A well-conceived industrialization strategy, be it import substitution industrialization or oriented industrialization, can be useful in accumulating wealth. Many of the developing countries have achieved development through industrial development. Most developed countries are industrially developed countries. Europe and America's quick development came through industrial development. Japan, Korea, Taiwan, Hong Kong and Singapore became economically developed by having quick industrialization. In late 20th century some countries like Malaysia, Thailand, China, Indonesia and also Philippines developed by quick industrial development. So our government should concentrate more on industrial development in our country. On the other hand, many small industries play a pivotal role in the economic development of a country. Even countries like Japan and the USA that can boast of some of the largest industrial units in the world, had their rapid development and great prosperity thanks to their small industrial units. The most important single argument that can be advanced in their favour is their capacity to generate a large volume of the employment. In Bangladesh, capital is scarce, but cheap labour is abundantly...
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...Case Study for the Ethical Problem in Business Bus 508 The Bussiness Enterprise Introduction Business owners need to be concerned not only about profit, but also about social responsibility too. Social responsibility is often mandated by certain consumer protection laws, but it benefits business owners to make social responsibility a part of their business plan in order to provide a positive image and reputation in the marketplace. If firms want to do well for their business in the long term, they must have ethics and social responsibility. Social Responsibility includes: Responsibilities to the general public include dealing with public health issues, protecting the environment, and developing the quality of their workforce. Responsibilities to the customer include considering the customer’s rights, such as the right to be safe, the right to be informed, the right to choose, and the right to be heard. Responsibilities to Investors and the Financial Community Responsibilities to Employees. Companies require skill and knowledge from their employees to properly get the job done for them, so the company can earn a profit. In return the companies have wide ranging responsibilities to their employees. These include workplace safety, quality of life issues, ensuring...
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...Problems and Prospects of Small Business Development in Bangladesh Section One: Definition & Characteristics of Small Business Our essay is divided into five sections. Section one will discuss about the definition, nature and scope of Small Business. In section two we will get the opinion of some entrepreneurs according to our questionnaire. Section three will deal about some common problems that our Small Business firms face, according to the answers of previous section, which will be followed by some suggestions from our group in section four. And our discussion will come to an end with some concluding remarks in the last section. Section One: Small Business DEFINATION: * According to Small Business act 1934,” A business which is independently owned and operated and not dominant in its field” is a Small Business. * Bolton Report on the commission of the inquiry on Small Business firms, 1977,”Small firm is one that has a relatively small share profits market.” * Stoner, Freeman, & Gilbert, 1995, “Small Business refers to business locally owned and managed, often with very few employees working at a single location”. * US Government, “A Small Business is one with fewer than 500 employees.” According to executive committee for national economic development,”A Small Business one of which process at least two of the following characteristics: * -Managers are the owners, * -Capital supplier and the owner is individual or a small group, ...
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...Business Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness Problem-Solving Case: To Pay or Not to Pay: Zagat’s DilemmaBusiness...
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...SUBPRIME LENDING INTRODUCTION: Sub-prime lending usually refers to the practice of giving loans to those who do not qualify for regular loans at market interest rates because of their poor credit history. Due to the increased risk associated with the takers, sub-prime loans are offered at a rate higher than market rates. These loans are risky for both, those who are giving and those who are taking, because these combine high interest rates, bad credit history, and often, murky financial situations of the takers. Subprime lenders use a risk-based pricing system to calculate the terms of loans, including the interest rate, which they offer to borrowers with varying credit histories. The securities issued by subprime lenders tend to carry more credit risk but less interest rate risk than securities backed by prime loans. This is because subprime borrowers tend to have a shorter time horizon and fewer opportunities to refinance when interest rates fall. SUB PRIME CRISIS: The subprime mortgage crisis, popularly known as the “mortgage mess” or “mortgage meltdown,” came to the public’s attention when a steep rise in home foreclosures in 2006 spiraled seemingly out of control in 2007, triggering a national financial crisis of USA that went global within the year. Consumer spending was down, the housing market had plummeted, foreclosure numbers continue to rise and the stock market had been shaken. The subprime crisis and resulting foreclosure fallout has caused dissension...
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...SYSTEM BUSINESS PROBLEM DIMENSIONS IT/205 09/27/12 1) Business problems are comprised of three categories which are: People, Processes, and Technology. The People category describes individuals such as those found on the staff at a business or company, along with others such as vendors and suppliers, among many other individuals with stakes in the company. Any system would be incomplete if we did not stop and recognize the effects on the individuals who are required to use it, whether they do so as operators or as customers. In a data-entry system, this category (people) could be an administrative assistant in charge of manually inputting data, or patrons adding to the database trough online and in-store forms. The second category Processes describes the many different ways information is handled within the system. An example of this occurs when new data is accepted and conveyed to the administrative assistant to be entered into the system, followed by the storage location in which the unprocessed data end up once in the system. The third category technology is a reference to automated systems, mainly computers, which facilitate the completion of required processes by us humans. In an example of this particular category, the aforementioned technology is the end result of the database program and the front end data entry module being combined. 2) Information system is basically the term used to describe the bridging of the gap between business and the...
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.... What business and social problems does data center power consumption cause? Data center power consumption economically affects businesses and environmentally affects society. Operating costs for data centers is very expensive. In the article, "Ubiquitous Green Computing Techniques for High Demand Applications in Smart Environments," the total operating costs, concerning electricity, of all data centers within the U.S. alone exceeded 7 billion dollars in 2010 (Ayala, J., Moya, J., Risco-Martín, J., Sanchez, C., Zapater, M. 2012). The article then explains that data centers consumed 61 billion kilowatt-hours in 2006;the Environmental Protection Agency provided this statistic to the US Congress in a report from 2007 (Ayala, J., Moya, J., Risco-Martín, J., Sanchez, C., Zapater, M. 2012). With this amount of energy being consumed by data centers, it is a cause for concern; consequently, data centers have an impact on the cost of business and negatively impact the environment via carbon footprint. As the carbon footprint grows, there is a need to realign the way businesses looks at managing their data centers. Several companies including Cisco, Dell, Google, HP, IBM, and Intel have announced efforts to reduce the environmental footprint of their product offerings (Chang et al., 2012). Large technology companies are starting to understand that being environmentally friendly is good for the wallet and good public relations. Understanding how to manage and build better data centers...
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...In the business world, there are a number of interlinking factors to achieve certain goals such as the most important goal, attaining industry success which directly relate to the economic development of a country as well as the global economy. In such a relationship, entrepreneurship with innovation is the major driving force behind the sustainable economic development and thus, entrepreneurs play the key role in manipulating the factors of production that include land, labour, capital and also the natural resources (Econlowdown, n.d.) to cause economic growth. In short, entrepreneurship contributes to the economic performances by introducing innovations, effectively allocating resources and creating changes. Hence, the aim of this essay is to discuss the nexus of entrepreneurship, innovation and economic development as well as the role that creativity and problem solving play in this relationship. From the business point of view, entrepreneurship is referred to the capacity and willingness to develop, organise and manage a business venture along with any of its risks in order to make profit by using the factors of production (BusinessDictionary.com, n.d.). Clearly, entrepreneurs are the people with particular characteristics and traits of behaviours whereas entrepreneurship is the result of what entrepreneurs do and refers to events and their economic impact (Lumsdaine and Binks, 2006). Innovation on the other hand is one of the key tools that could assist entrepreneurs...
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...Technology Solution to a Business Problem Subject of Course Project Advanced technology is proved to be beneficial for organizations and business more than ever before, it helped in bringing business close. It assisted in each and every aspect of business from making team of best employees, to booking order, delivery of products and their support. We need to use advanced technology in order to help business needs of an organization or use specific technology to solve a business related issue for an organization. Business problem statement Our target company is facing an issue related to its financial conditions, company is determine to use technology in order to stable its financials. This company need a single software using cloud computing for its employees to work from home and for communication purposes. Company want to provide a healthy environment for working and allowing its employees to use advance technology which is efficient and could help employees to communicate each other, no one outside of company should be able to view their communications or company data. Name of the company or organization Temenos is a multinational banking software systems (T24) Provider Company, it has its clients in 125 countries around the world and employees in more than 50 countries. It is one of the leading organization specialized in the field of banking software solution and support. General benefits it will provide the organization We need to develop a cloud technology...
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...JHF | JHF BUSINESS PROBLEMS AND SOLUTIONS | ANALYSIS AND RECOMMENDATION TO RESOLVE PROBLEMS | Name of Student:Number of Student:Course code: Tutor:Due date:Date submitted: | EXECUTIVE SUMMARY The purpose of the report is to identify the business problems areas of JHF and to emphasis on the fact that the implementation of information technology and information system will ensure smooth business operation. Frank has been able to identify that the business will be need revamp and will require new information systems to management all the functional areas of the business. Transactions and management of information has been a major issue for JHF and implementation of an integrated information system (decision making and transaction information system) has been recommended to JHF. INTRODUCTION Even though JHF was able to start the business on a good note and got the attention of the people, but they failed to understand the importance of changing market requirements and the change in the perception and needs of the people. Over a period of JHF was unable to show any evolution or development in terms of variety in food and the management of the business. The business which started on with a vision laid by Frank and his wife only focused on one objective. He was only able to understand that the new town required pre-packed healthy food and went ahead with starting the business. This reports aims at identifying the business problems of JHF and the results...
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...Nottingham University Business School Undergraduate Programmes TITLE OF MODULE: Entrepreneurship and Business (N11440 MY) Title of Work: Discuss the relationship between entrepreneurship, innovation and economic development. What role if any do creativity and problem solving play in this relationship? Refer to both theory and examples from the business world to support your discussion COPY 1 TITLE OF MODULE: Entrepreneurship and Business (N11440 MY) Title of Work: Discuss the relationship between entrepreneurship, innovation and economic development. What role if any do creativity and problem solving play in this relationship? Refer to both theory and examples from the business world to support your discussion COPY 2 Austrian writer, professor, management consultant and self-described “social ecologist,” Peter F. Drucker once said “Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.” (BrainyQuote, 2014) This essay aims to show how innovation, entrepreneurship and economic development are all linked together as shown in the statement above. Even though many a time the spotlight has been shined on entrepreneurship as the propellant towards success, there are still many factors that have to be taken into account such as creativity and problem solving skills. These...
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