...Current Events in Business Research Drake Schreiter RES/351 Amarjit Singh Current Events in Business Research Conducting research nowadays can be as easy as a click of a button. People collect research for numerous types of reasons in this world. The reason that individuals gather information is to either fix a current problem, enhance an idea, or to gain knowledge about a certain subject. Businesses all around the world hire individuals to collect research to help the organization in their weaknesses, enhance a certain area in the company or just to gain knowledge about the competitors in the world. Business research is more significant than people understand it to be. For instance, if a business owner does not do the correct research for location, demographics, etcetera then the company is not going to be in the place it wants to be and the potential for the company would be lost. The functional area that is being addressed in this paper is the restaurant industry. The functional area that I work in is the restaurant business. I do see myself to continue my career in the restaurant industry so I thought that it would be fitting to write the paper with that in mind. Restaurants are always going to be a part of our daily lives. The reason for this is because everybody has to eat and not everyone...
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...Current Events in Business Research Crystal G RES/351 January 18, 2014 Current Events in Business Research Business research in any organization is important because it helps deliver information to solve problems and encourages managers in making decisions to better an organization. In the insurance industry for example, entails learning everything possible about what the customer needs are. The major objectives are determining what products or services to offer for that particular client, which clients are most likely to buy that particular insurance and what carrier is going to offer the most competitive pricing. There is a lot of competition within the insurance industry. Within Wells Fargo Insurance Company, they offer several products readily available to fit that particular customers business. There are various methods Wells Fargo uses within the business research process to help the organization achieve their goals. The first step is identifying the competitors. One way Wells Fargo identifies the key competitors in the industry is through secondary research. Secondary research is information and or data that are available about that company and open to the public. This information allows our agency to see what products they sell and their key strengths on that particular line of business. The Insurance Journal which is the national property casualty magazine helps determine what companies are specializing in that line of business and who is ranking in...
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...Current Events in Business Research The research process is essential in today’s businesses and corporations. The research process enables companies to perfect their business and the processes in which they complete tasks or solve problems. The research process is usually used when there is a gap in a process. In order for the process to be used there is usually a dilemma or an area of opportunity. Once an area of opportunity is identified a group works together to question the problem and work to improve or change it. While working at a large corporation I have witnessed many areas of opportunity and what is done in order to improve these issues. I currently work at a major financial institution that helps customers with past due mortgages. In order for a customer to have their mortgage modified a customer must go through a lengthy process. While going through a modification, customers were being forced to speak to several representatives resulting in having to resend documents and explain their situation several times. This issue was identified through many complaints received but not only customers but employees as well. This situation was resolved by a special project team that came up with the concept of Customer Relationship Managers (CRM). These CRM employees are a one stop shop for customers who are going through a modification. This process enables customers to work with one representative from start to finish. This cuts down on unnecessary double work on both the...
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...Cox – Week One Individual: Current Events in Business Research In order to perform a methodical commerce research procedure there will be ample, appropriate, highly-complicated, and completely meaningful measures. By means of original and minor shapes of research techniques, the principal measure is the aggregation process. There are a few capital appearances similar to feedback, interview, and review forms for collecting the truth. These dynamics have researched information from clients. Also, there are additional relevant sources to accumulate the figures. Publications, papers and social networking websites are some examples. The following steps is to state the facts that are available for comprehending and inspection. To fill the inadequacy of calmed statistics, a business demands using digital and arithmetic molds. This constructs the unrefined statistics that is relevant and understandable for entirely and various. Next, the process goes on to answer the statistics that states the business to pull from a line of substitution from information. The process gains results that are extremeness, requirements in the market place, transactions and earnings. The process travels on to the performance of the replacement stage, that the business has selected after this increase a business to understand the sureness of the marketplace and what the conditions and present location of the competitor who supply the same ability in the marketplace. “The commerce investigation...
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...To: Chief Operations Officer, COO From: cc: Date: [Date] Re: Business Dilemma with Current Supplier Ethical Dilemma We have recently learned that there is a problem with one of our key suppliers that may have a negative effect on our company. House of Shoes has been hiring workers under the age of 16 and forcing them to work more than 40 hours per week. We know that they have consistently met our quality requirements and sent products on time. The problem is that we are worried about the negative effects that this issue may have on Style Your Way if a story about their business practices gets out. Proposed Decision Because House of Shoes has been a reliable key supplier, we think it is best to try to keep our partnership with them while requiring some crucial changes. We believe that requiring House of Shoes to sign a new business contract with us the best way to go. This will show our respect and loyalty to them by giving them a chance to correct the problem rather than just pulling our business from them without notice. We understand that this is a risky decision to place these requirements but, it is our social responsibility as well as our corporate responsibility to make this right for the best interest of our stakeholders. We propose that as a condition of this new contract, a social audit be performed on a monthly basis to make sure House of Shoes is in compliance. Of course, any business decision has its pros and cons. Pros of this Decision 1. The...
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...Current events in business research RES/351 Subhashis Nandy By: Lanean Gilmore This paper will summarize the business research process by defining the business research process by my work experience. This is my summary of the business research process by my experience as an employee of City government. I am not into politics but, this is one of the best jobs I ever had very motivating it is always something new to learn. City of Wilmington, Delaware first Mayor was Richard H. Bayard in 1832-1834. In, 1832 Wilmington, Delaware was incorporated. We have a wonderful city, and with the mayor and his elected staff they will continue to keep us safe and make sure Wilmington, Delaware is safe and growing strong. One thing about government they always like to change things. Making the city better anyway possible, and in 1993, we elected our first black Mayor of the City of Wilmington. He was the mayor from 1993-2001. This is just another how the City of Wilmington works new changes, great people and making the city better than it was before. What is business research? It mainly is a method in a way a company or organization to decide the most productive, ethical, and efficient way to make a lot of money and keep their customers coming back. When it comes to starting a business, you need to research the competition and what customers want and need. Looking at the Mayor’s office of Economic Development they help produce jobs, like bringing small or big business to Wilmington, Delaware...
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...My Reactions On: CLIMATE CHANGE ISSUES AND GREEN OPPORTUNITIES A. The Report Content, Organization And Presentation The topic of “Current issues, concerns, trends, challenges and opportunities of running an offshore business” specifically on the “Climate change issues and green opportunities” interests me as a topic for this reaction paper because for the past years now, the world has given much attention to this issue. Businessmen now are very concerned on how to transcend and adopt to green opportunities which is the trend right now since consumers are also very much conscious on the effect of greenhouse emissions and global warming to their health and to mother nature. The topic stimulates more my interest because I want to be aware on how companies advance on an climate-friendly business models, and operations which will result to eco-friendly products and services which are of course appropriate to the climate of the location of their businesses. B. The Relevance And Applicability Of This Report In My Life and In My Environment At Present And In The Future. This report is very relevant to me because it made me become more aware on the effects of climate change not only to myself, to the environment, but also to the business sector on what it can do to the future of the economy. As an individual, at present I might not be that concern on what the effects of climate change would be, but I cannot hide nor deny it that there is really an effect. In addition, the topic...
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...Current Business Research Project RESEARCH AND EVALUATION Current Business Research Project Reporting Characteristics of Cancer Pain: A Systematic Review and Quantitative Analysis of Research Publications in Palliative Care Journals by Senthil P. Kumar used descriptive methods of research to discover the number of research journals of the pain experienced in cancer patients toward the end of life. The research delved into the end-of-life care journals published from 19 facilities from 2009 – 2010 (Kumar, 2011). The study involved finding the percentage of research journals for end-of- life cancer patients’ pain in comparison to actual number of research findings. The data collection methods involved a search of Journals that had terms such as hospice, end-of-life, supportive, and palliative in the titles (Kumar, 2011). A total of 19 journals included in the study, which had a total of 2600 articles researched in the study. The studies uncovered articles concerning cancer pain, of which most were categorized into ‘original articles’ and ‘review articles’. Original articles were separated to studies of quality and also of quantity. Quantitative studies were grouped according to the study designs. Once the findings of the number of articles study designs were computed, the total number of journals pertaining to end-of-life pain of cancer patients was determined. Later categorization of articles were sort into groups such as those related mostly to...
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...Current Events in Business Research Isaida Perez RES/351 December 15, 2013 Marcel Nzeukou In this paper I will discuss the business research process regarding the company I work for Aetna Inc., a health insurance company. I’ve been working in the health insurance field for some time now, and I find it rewarding being able to assist my clients with their health insurance claims. I will summarize the research process within Aetna and how that process applies to its daily functions. The business research process usually beings by looking at the market and/or industry. The reason this is done is to determine if whether or not there is an opportunity for business to be establish within a target market. Aetna was established in 1850 as “an Annuity Fund to sell life insurance” (Aetna, Inc.), established out of Hartford, Connecticut they were one the first insurance companies in the area. In those times there was an obvious need for insurance companies, and there were relatively few established health insurance companies. Since that time Aetna has committed itself to providing access to cost-effective health care of the highest standards. They strive to protect their clients against health-related risks and help them achieve both good health and financial security. Business research as defined by Cooper & Schindler,” is a systematic inquiry that provides information to guide managerial decisions”. This definition can be applied to Aetna Inc., as business decisions must be made...
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...Background 4 Introduction 4 What is the BoP Strategy 6 What is the Driver for MNCs to Focus on BoP Market 9 Is There a Buying Potential at the BoP 9 Behavior of Consumers in Asian Market 10 Sector With Highest Potential of Business in BoP Market 11 Recommendation 12 How to Approach the BoP Community - Innovation 14 Implement Innovative Approach to tap BoP Market 15 References 16 Appendix A 17 Appendix B 18 Executive Summary This report explores published journals, blogs and books around The Bottom of the Pyramid (BoP) being the breakthrough in the Strategy for businesses across segment and analyse what steps would lead to success through the journey of business around the 4 billion population existing in the bottom of the pyramid layer. Methods of analysis include statistical and market trend, and ratios of performance. Main area of focus is Asian market through the report as they account to 3/4th of the population residing in the bottom of the Pyramid, given the uniqueness of this region around culture, market behavior, people mentality and social dynamics. Gaining that knowledge would become important to have a break through into this market and ensure it’s a sustainable business. The report would also try to analyze companies that had an early access into this market, and how some still failed to make profit And we would conclude the report with statistics to prove how to gain access into BoP...
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...Employee Education With development of information technology, employee education has been making many changes in the business fields. Employee education means that when companies hire employees, companies will provide employees with specific training and development education. This education is designed for employees, and helps employees increase their productivity and efficiency. This will also help employees understand what real business is. I have experience by gaining benefit from employee education in order to help me deal with my jobs in international business. My previous job was a business administer in a manufacturing company for dealing with every tasks, such as shipment, quotation, and communication with American and European companies. I take advantage of using my company’s employee education to run my jobs much well-organized and smoothly. Therefore, in my point of view, using employee education can improve the efficiency of business by fully understanding complex work, by revising previous business knowledge to match current job, and by keeping up with current trend and saving amount of time. By using employee education in international business, it can help me to have fully understanding of my job. Most international businesses are not only selling products to other countries but also providing good service to them. When I was a business administer, I have taken a great advantage of using my company’s employee education. This is because my previous company...
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...Point In Time No additional ACOE districts should be brought online to Escape OL5 software. The current districts on Escape OL5 in Alameda County remain in an implementation phase expectation of support. * OL5 is not yet a turnkey software package- * Still in development with goal of effective & efficient processes * Districts are part of the “debugging” * CRs appear to languish for some time & priority is determined by whom? * Frequent releases yet work-arounds continue for basic California school business accounting and payroll processes * Reliable? Successive releases sometimes lose previous fixes * Accurate? Successive trials do not always yield the same result * Responsive? Does not provide for some basic processes * Confusing? Too many options when the basics aren’t reliable * Credible? One whole manual chapter & report are not usable * Resources? ET expanding to other districts… * Current on-line districts have not all completed a full year cycle * Steeper learning curves due to frequent releases * Flux in legislation & resources is dynamic as it is * Accountants struggle with “art” - custom reports, data access * Basic business processes “science” must be tight * Key accounting positions are not being backfilled * Current ACOE support staff is in flux * Forensic accounting skills to drill down into software &...
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...2.0 ANALYSIS PHASE 3.1. Determining System Requirement The analysis phase is to define the problem for planning phase. The system requirements are studied, structured and examined in greater detail with thoroughly studies by the Heritage Hotel current system procedures. Since our system is approved by top management, our Information Systems Development Team has started to determine what system requirement that users expected. During requirement determination, we used several methods to gather current system information and system requirement for Hotel Reservation system. The methods are divided into two categories which is traditional methods and modern method. Traditional methods included interviewing, questionnaire, observation and documentation review. While, modern method includes Joint Application Design (JAD). 3.2. Data Gathering Techniques Analysis is a detailed study of the various operations performed by a system and their relationships within and outside of the system. Analysis was conducted to understand the proposed project, to ensure that it will support business requirements, and build a solid foundation for system development. During analysis phase, all the data will be collected whether in traditional method or modern method or both of them. The traditional approach is to organize and convert the data though system flowcharts, which future developments of the system and simplify communication with the user. 3.3.1. Traditional ...
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...in processes which also include external factors. Operational risk scorecards show the operational risk profile of a company through the use of scores. Through the scorecard approach, the bank will use scorecards to modify the amounts of the initial level of operational risk capital determined at the bank’s business line. 1. The bank can apply expert knowledge to estimate distribution functions 2. Reflect the Level of operational risk: adjustment on the result of the scorecard 3. Identify the Source of Operational risk: This will help in specifically what part of the product or business lines and which units causes operational risk 4. Present causes of operational risk: management can take actions on what the operational scorecard shows which will help mitigate operational risk 5. Reflect on quality of operations: the operational risk level of a bank depends on the quality level. Changes on operational level can help reduce current risk by improving quality of operations. 6. Supplement information: information is really vital and it will help for the bank to pinpoint which contributes to its current operational risk. 7. Adjust on the current level of operational risk: this will allow for the management to set its priorities. Source: Anders, U., & Sandstedt, M. (2001). An Operational Risk Scorecard Approach.Operational Risk, 1, 47. Retrieved April 14, 2013, from...
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...In the current competitive world, its only who is fit survives i.e. person who work will complete dedication and with immense concentration is almost certain to achieve his or her desired target. Now question arises what’s the motivation behind being workaholics? People who are in business or in service or even government employees have some or the other motivation to work. Business houses wants to work in order to achieve better sales and net profit compared to the last years, with the help of various planning and implementing the same. Person in service works to achieve sales target or the weekly or monthly reports targets in order to get better variables and incentives. Government employee work to help in the development of economy, by making various committees for infrastructure development, social development etc. In the current economic situation companies survives only if it has right entrepreneur. Entrepreneur makes the plans by his innovative thinking and plan is executed with the help of his or her employees. Employees in return get incentive along with fixed salary and entrepreneur gets better profit. One thing in common in all of them is vision, thus they become workaholic to achieve that piece of success which they ever dreamt off. More the person works, more he is near to achieve his or her target. Targets can either be net profit for businessman, sales target or monthly reports target of service man or development of economy and society for politician or government...
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