...an operation or procedure or are impacted in some way by it. Examples include directors and managers, employees, clients and customers, and suppliers. Indirect stakeholders are those who are impacted in some way by the organisation, event or operation, but do not influence procedure or directly participate. Examples include government departments, future or potential employees and clients and other community members. 2. In your own words, explain what is an administrative system? An administrative system is a set of rules, policies and procedures designed to assist with the efficient operation of a business or organisation. The system can be designed to work separately or in conjunction with other systems, both internal and external. An effective system must be cost effective, simple to understand and operate, and designed to suit the needs of the organisation. It must also be flexible and adapt to changes in technology. 3. Why would staff be reluctant to implement a new...
Words: 902 - Pages: 4
...INTRODUCTION Order fulfillment and delivery of products to customers are tricky parts of supply chain management. Earlier in 1990s, there was pull system in use and later it changed to push- pull system in order fulfilment. This change in system of order fulfillment was to increase margins, service and also to cope with the increase in volume of the orders. Order fulfillment does not confine to just delivering the ordered goods to the customers, but also provide all related customer services. In simple terms, along with the product, product information and usage information should be provided with the product. In addition to this, to maintain customer retention and satisfaction, there should be a system of exchange or return if desired by the customer. Order fulfillment includes several operations such as inventory management, packing, shipping, delivering and accounting. Hence, most of the operations involved are dealt without having to face the customers. TYPES OF ORDER FULFILLMENT Order fulfillment is of two types based on the usage of the process at a particular period of time. There is a conventional or traditional order fulfillment and E-commerce order fulfillment process. Traditional retailing of supply chain was used at the time of 1990s. In traditional retailing, inventory production is initiated at first and later is followed by pushing the product to customers. So, it begins with pulling and ends with pushing the product to customers. e- Commerce retailing deals...
Words: 1999 - Pages: 8
... Submitted By Mohammad Azmir hossain ID: 2010010000004 Department: B.B.A. Date of Submission March 8, 2014 Introduction Bangladesh is a country suffering from immense social, political, economic and environmental issues and these issues need to be addressed for the overall development of this country. However, we all know that the peoples of the whole world are concerned about the environmental degradation, especially the rising of global temperature and thereby melting of glaciers and ice-berg in the polar region and consequently rising of sea level, which will directly affect the low lying countries of the world like Bangladesh. The world conscious people are also concerned about the increase of Green House Gases and Chlorofluorocarbons (CFCs) and thereby depletion of Ozone layer. As such, every person and especially the professionals must have greater role to check the environmental degradation. The contribution of the banking sector is playing significant role to save the environment through their CSR, investment or other activities. To save the environment, Green Management is the great initiative which is taken by bank all over the world. The word „Green Banking‟ is very common concept in the world. Global warming is a great issue in protection of hygienic society. There is high possibility of playing significant role of Green Banking in the global warming issue. The green banking concept is evolved in western countries and now is practiced...
Words: 5340 - Pages: 22
...Investment from Online Banking Services: An Analysis of Financial Account Aggregation Tereza Cristina Melo de Brito Carvalho Michael Siegel CISL WP#02-12 August 2002 Sloan School of Management Massachusetts Institute of Technology Cambridge, MA 02142 Return on Investment from Online Banking Services: An Analysis of Financial Account Aggregation Tereza Cristina Melo de Brito Carvalho Assistant Professor of Information Systems and Technical Director Laboratory of Computer Architecture and Networks at the University of Sao Paulo - Brazil carvalho@larc.usp.br Michael Siegel Principal Research Scientist Sloan School of Management Massachusetts Institute of Technology msiegel@mit.edu Abstract The successful adoption of Financial Account Aggregation requires a careful analysis of the business model. The business model must be defined in a way that provides value to both customers and financial institutions. This paper identifies business models for adoption of Account Aggregation technology; proposes a method for calculating the return on investment related to the adoption of this technology; and applies the proposed method to estimate this return for various business models. The results show how the return on investment is affected by parameters such as initial investment, customer acquisition and retention cost and product and service cross-selling. This analysis is applicable to financial and nonfinancial institutions considering Account Aggregation or other new online account applications...
Words: 10319 - Pages: 42
...ativeBudget Analysis: The present Budget of Bangladesh for the year FY14-15 has been presented at a time when the Bangladeshi economy is heading towards a high growth trajectory, albeit certain challenges such as elevated inflation, high Current Account Deficit (CAD), and moderating growth of industrial production, lack of capital investment, poor level of power & energy, low level of liquidity, etc. At the current juncture, what was required from the Budget was to address the issue of inflation and support growth momentum, while maintaining the focus on fiscal consolidation and continuing ahead on the reform agenda. Increased allocation of planned resources towards infrastructure projects along with the proposals to direct foreign funds and private saving towards infrastructure sector will unlock much of the growth potential of the sector. Although the continued force on infrastructure along with power & energy, agriculture and education sectors is expected to provide significant impetus to economic growth in the medium-term, measures to control inflation in the immediate future were missing in the budget announcements. On the fiscal deficit front, the budgeted fiscal deficit is 5% of GDP for FY14-15. This indicates government will face lot of trouble in near future. This can be reduced through increasing Tax revenue, reduce debt service liability and etc. Budgeted Expenditure for FY14-15 For FY14-15, total expenditure is budgeted to increase by 15.9% to 250,506...
Words: 3472 - Pages: 14
...and why it was designed this particular way. Discussing the role of the Court in the development of Federalism and the allocation of federal and state powers with in our U.S. system and how throughout the years it has changed. Political ideology is the beliefs or a philosophy pertaining to religion, social, cultural, and economic affairs by the majority of people with in a society. Liberal conservative and libertarian ideologies are examples of the political ideology. Liberals do not believe in class privileges, but rather equality and sharing resources and welcomes government intervention. Liberals support the welfare programs, government funded free health care, unemployment benefits, Maternity leave and programs of this nature. Conservatives are quite the opposite of what Liberals represent. The conservatives prefer individuals to be held personally responsible for their own wellbeing. They prefer the traditional views and values and is more comfortable with slow or moderate change. They believe the government should have limited say when it comes to regulating the economy. Libertarian beliefs are more geared toward free will, with opposing government interference in personal and economic liberties. When amending the Constitution there are two steps, a proposal and a ratification. The first way is a vote of 2/3 of the members in both houses of congress or the second way is a vote of 2/3 of the state legislatures that ask Congress to call a national convention...
Words: 816 - Pages: 4
...| A&D High Tech | Managing Projects for Success | | | Executive Summary: Chris Johnson, an experienced technology project manager for A&D High Tech, was asked to meet with the senior managers to discuss taking over the company’s new web site project. The purpose of the project was to establish an online store to increase sales through the internet. Immediately after his transition meeting with senior management, CIO Matt Webb informed Chris that the CEO needed to know if he could complete the project by Christmas, which was only 6 months away. Although the plan had work scheduled from May 2003 to June 2005, Chris needed to determine if it was feasible to reduce the schedule by 15 months in order to meet his CEO’s needs. Statement of the Problem: The purpose of this study is to evaluate the likelihood that A&D HighTech will be able to implement an online store, comparable to that of its competitors, in time for the 2003 holiday shopping season. Key Problems: * Competitors are gaining market share with their continually improving online capabilities * Company sells on friendly customer service which can be difficult to translate to the internet * A&N needs to have internet sales to stay competitive through reduced SG&A expenses Key Issues: * Steep learning curve for the project manager * Subject matter expert is no longer involved as the project manager * Was build the right option? * The company...
Words: 1600 - Pages: 7
...Ryan Somma Information Systems Proposal for XYZ Hospice Table of Contents I. Organization Environment and Requirements......................................3 A. Hospice Care...................................................................................................3 B. Assumptions....................................................................................................3 II. Inputs and Outputs...........................................................................................5 A . Inputs.............................................................................................................5 B. Outputs ...........................................................................................................5 C. Distributed Objects..........................................................................................6 III. System Hardware ...........................................................................................7 A. Client Systems ................................................................................................7 B. Peripherals ......................................................................................................8 C. Server..............................................................................................................8 IV. Software .............................................................................................................9 A. Operating System..........................
Words: 4765 - Pages: 20
...agenda to guarantee each and every component are attended to and included. To guarantee that the staff is clear about the hierarchical targets, it is important to include program chiefs, departmental staff in the financial backing process and examine the procedures in workforce conference. Diverse spending plans relating to different divisions like buying, promoting, deals, and so forth ought to be dispersed through departmental heads in order to guarantee that all the monetary allowance things are in a state of harmony with the hierarchical objectives (Foley, 2010). Freedman (n.d) mentions that circulating budgets among the staff motivates them to work in accordance with the organizational objectives. It is further argued the successful allocation of budget requires conformation by all the stakeholders which includes employees as well. While some of the methods are mentioned above as to how the budget can be circulated among the staff to motivate them, Freedman (n.d.) mentions that organizations while preparing budget, should include employees in the drafting process and as such, employee feels integrated with the organizations...
Words: 3031 - Pages: 13
...the most important topic of discussion in management circles. A supply chain opportunities works to integrate key systems from the time an idea or product is conceived to when an order is placed to when it goes out the door to the customer. Efficient supply chains can simultaneously improve customer service, reduce operating expenses, and minimize capital investment. Supply Chain Opportunities in Elephant House 1. Segment customers based on service needs. Companies traditionally have grouped customers by industry, product, or trade channel and then provided the same level of service to everyone within a segment. Effective supply-chain management, by contrast, groups customers by distinct service needs. 2. Customize the Supply Chain Management network. In designing their Supply Chain Management network, Elephant House focus intensely on the service requirements and profitability of the customer segments identified. The conventional approach of creating a Supply Chain Management network runs counter to successful supply-chain management. 3. Listen to signals of market demand and plan accordingly. Sales and operations planning must span the entire chain to detect early warning signals of changing demand in ordering patterns, customer promotions, and so forth. This demand-intensive approach leads to more consistent forecasts and optimal resource allocation. 4. Differentiate product closer to the customer. Companies today no longer can afford to stockpile inventory...
Words: 580 - Pages: 3
...applications, such as Facebook or Google drive, to more intricate uses for businesses, such as outsourcing data and business applications. Cloud computing allows online applications to let their users access the application without the need of having to install, update, or manage the application. Also businesses use cloud computing as a way for cost- savings and more efficient processing by outsourcing their huge collections of data utilizing complex information systems. The main advantages of cloud computing are that it allows for easy storage and scalability, better processing, cost efficiency, backup recovery, and mobility. Companies dodge not having to create their own infrastructure of servers, not having to update and manage software or applications, not having to hire and train staff, and would even have decreased onsite energy cost. The powerful servers contained by the third party also allows for a more efficient processing, which is easier for the third party to do because their company is dedicated to effective storage of data. Also most cloud providers have comprehensive backup and recovery capabilities, to secure their data. Another large benefit is by having the data stored online it is accessible in area with internet connection. All these benefits together help promote innovation and better allocation or company time and money. Although there are many benefits to cloud computing it comes at a risk of...
Words: 490 - Pages: 2
...their customers from competitors, has strong retail market experiences with certain unique points of the business. For seven years, Netflex has been under the fierce competitions in the video rental market, and their business position status can be explained by following the Porter 5 Forces strategic model. Rivalry very high: Netflix’ subscription based business model disrupted the movie industry and from then the main players which were Blockbuster and Wal-Mart(Recently Red-box) started to imitate Netflix’s model and today offers similar service at similar prices. Competitive edge is hard to sustain. The bargaining power of supplier’s medium low: To save the cost of enjoying their favorite movie with comfortable atmosphere, like in house with families or friends, they paid the costs for the copyright of suppliers. The fixed cost by suppliers is high, so customers are price-sensitive and lead to rental shop. Netflix gets its content from movie studios and movie distributors. Both need each other. Relationship is crucial with suppliers and vice versa due to customers’ sensitivity for their purchases. The bargaining power of buyers high: Competition for customers is high. Buying power is high in the general video market because there are many choices for consumers. Switching costs are low. In the case of Netflix, Netflix competes for customers by offering almost any kind of movie broadcasting, movie rental or movie distributor Substitutes threat almost none: The threat...
Words: 993 - Pages: 4
...ONE 1.0 INTRODUCTION. Kenol Kobil is an international company that deals with fuels in many countries around the world. It offers quality fuel and petroleum products to its customers. This aspect has led to the escalating of customers especially during rush hour and peak season. This is also boosted by the fact that the fast food joint is located in the heart of Nairobi CBD. A reign of confusion and helter-skelter emerges during busy hours and the staff find it difficult to keep track of all customers since it has come to the realization of the management that some drive out before footing their bills. To curb this weakness, the management decided to switch to “Pay then get served” approach to service. 1.1 OPERATIONS OF THE CURRENT SYSTEM Petro station attendants wait for customers most of whom drive into the petro station and enquire on availability of fuel. The fuel attendant then dispenses fuel according to the preferences of the customer duplicate receipt book. The customers verbally make their orders and the billing is written by hand, customer offers cash to the cashier and receives the receipt and balance if any. With the receipt the customer advances to the petro station exit where a guard allows exit, other petroleum products such as brake fluids, oil and lubricants are sold at the petro...
Words: 1288 - Pages: 6
...Additional Praise for Ramit Sethi and I Will Teach You to Be Rich “Ramit Sethi is a rising star in the world of personal finance writing. . . one singularly attuned to the sensibilities of his generation. . . . His style is part frat boy and part Silicon Valley geek, with a little bit of San Francisco hipster thrown in.” —SAN FRANCISCO CHRONICLE “The easiest way to get rich is to inherit. This is the second best way—knowledge and some discipline. If you’re bold enough to do the right thing, Ramit will show you how. Highly recommended.” —SETH GODIN, AUTHOR OF TRIBES “You’ve probably never bought a book on personal finance, but this one could be the best $13.95 you ever spent. It’ll pay for itself by the end of Chapter 1 (check out the box on page 24 to see what I mean).” —PENELOPE TRUNK, AUTHOR OF BRAZEN CAREERIST: THE NEW RULES FOR SUCCESS “Most students never learn the basics of money management and get caught up in the white noise and hype generated by the personal-finance media. Ramit’s like the guy you wish you knew in college who would sit down with you over a beer and fill you in on what you really need to know about money—no sales pitch, just good advice.” —CHRISTOPHER STEVENSON, CREDIT UNION EXECUTIVES SOCIETY “Smart, bold, and practical. I Will Teach You to Be Rich is packed with tips that...
Words: 92352 - Pages: 370
...Report on the US Government Budgetary Systems and Saudi Arabia Government Budgetary Systems Budgetary process of the US and Saudi Arabia are different from each other in many aspects. Budgetary systems of the US are based on the budget and Accounting Act of 1921 and Congressional Budget and Impoundment Control Act of 1974. Whereas budgetary systems of the Saudi Arabia are based on the rules and regulations devised by the Kingdom of Saudi Arabia. Budgetary system of the Saudi Arabia is not disclosed to the general public. National budget in Saudi Arabia compiled by the Ministry of Finance is approved by the Royal institution and then it is allowed to be published in the Official Gazette. Budgetary Systems of the Saudi Arabia was made on the basis of the Hijri year but in 1987 its basis was changed to the Gregorian calendar. In US budget is prepared when president submits a request to the congress for the preparation of the budget. Then Office of Management and Budget carries out the formulation process of the budget. Budget is prepared for all the institutions of the state from federal executive departments to the independent agencies. Budget Control Act of 2012 also plays its role to in the formation of the different provisions of the budget and controls it. Different resolutions related to the budget are also approved by the congress, House and Senate. Authorizing committee is capable of resolving any issues related to the budget process. Categories of the different types of...
Words: 889 - Pages: 4