...referred to as perceived risk. As part of the conversion process from potential customer to paying customer, businesses must develop strategies to assuage one or more of the six types of perceived risk: Functional Risk One of the most common types of perceived risk, functional or quality risk refers to the fear that a product or service will fail to deliver promised functions or benefits. A new computer, for example, might fail to run the resource-intensive, audio editing program a sound engineer needs to perform her job. Social Risk Social risk refers to the possibility that buying a product or using a service can reduce a person’s status with friends, family or neighbours. If, for example, someone purchases a pure-bred dog and finds his friends consider adopting animals from shelters the socially responsible behaviour, he suffers a loss of status. Financial Risk Financial risk boils down to a fear that a potential purchase can tax or outstrip a person’s monetary resources, now or in the future. Financial risk operates on both a subjective and objective level. A person with low or variable income can experience a high level of subjective financial risk, even with low-cost items. The purchase of a home, on the other hand, often means an objectively high level of risk, even for those with stable finances. Physical Risk Physical risk refers to the perceived potential for a purchase to cause bodily harm to a person or loved one. A firearm, for example, might create a high level...
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...Challenges to the Status Quo Art has deliberately hidden the figure of women and their work in society. There have been great women artists, but have not been recognized as such and valued by posterity. Many paintings by women were initially credited to males, suggesting that there is no objective difference between art made by women or men, but when it is verified that the author is a woman, the economic and symbolic value of the work decreases immensely. Even today, there are works by women that are not attributed to the real author because the fact that they are women would reduce the price of the work considerably. As Linda Nochlin explains in her essay, “Why Have There Been no Great Women Artists,” the answer to this question “lies not in the nature of individual genius or the lack of it, but in the nature of given social institutions and what they forbid or encourage in various classes or groups of individuals.” Women have a long experience in the fields of art and culture, their contributions have always been present, although in many cases the concept of "respect" has not been applied to them in the same way as their male counterparts. They have always been relegated to a second plane. Being a woman and artist has often been seen as an unserious occupation and inconsistent, while it has been traditionally reserved the epithet of genius for men. Women have to live in a society which has not ceased to be sexist, in a culture where women are still thought of as an inferior...
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...Main Purpose The main purpose of the article, disrupting the Status Quo, is to begin addressing the argument of the leadership preparation of an Educational Doctorate program versus a traditional Physical Doctorate program. It is said that the EdD program bases most of its focus on building leaders through research while the PhD program focuses on more of theoretical research. In reading the article, Building an Ethical School: A practical response to the moral crisis is in schools, the basis is laid that educational leaders must learn to reflect on the how of policies and practices. The article laid the groundwork in support that the EdD program gives a leader the opportunity to think, react and relate to real world scenarios based on their research. The Key Questions The question that is ultimately posed in looking at the programs side by side is which program will build the leaders that the future will need? Which program will equip these leaders with the tools they need to become successful and productive? How can educational leaders increase student learning, and how can they foster equity in educational outcomes? Important information Today’s leaders are very different than what they were in the past, and what they will evolve into for the future. (Levine, 2005). Leaders today are people who can rely on policies but also fall back on theory and have a strong basis in experience. The author describes the quality practitioner and shows how various theories...
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...The recommendation has been arrived at by evaluating the options based on criteria which are aligned with the company’s objectives. Please find attached the report. Enclosure: Report EXECUTIVE SUMMARY Vickers Industrial Supplies has requested for a distributorship and a pricing discount as it fulfils the Bolster’s criteria of a distributor. This dealer is important for Bolster so as to maintain a strong hold in the northern Alberta region. While this idea of giving a distributorship to Vickers might not be acceptable to the two national distributors of Bolster. Bolster is faced with two options of either granting a territorial distributorship of northern Alberta to Vickers with a restriction on the region covered or maintaining a status quo and not granting the distributorship to Vickers. The choice has to be evaluated on the basis of financial impact, impact on the relationship with existing distributors and the impact on the relationship with Vickers. Upon evaluation with respect to these criteria, it is recommended that the Vickers is granted a distributorship in northern Alberta. (Word Count: 142) Contents Executive Summary iii Situation Analysis 1 Problem Statement 2 Options 2 Criteria for Evaluation 3 Evaluation of Options 3 Recommendation 4 Action Plan 4 Exhibit 5 SITUATION ANALYSIS Vickers Industrial Supplies (Vickers) has approached Bolster requesting for pricing discount associated...
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...Epistemologies governing the first- and second-order cybernetic approaches: Ivan Bronkhorst Student number: 51863456 PYC4808 Assignment 2 Table of Contents 1. First Order Cybernetic (FOC) principles: 3 Recursion: 3 Feedback: 3 Morphostasis /Morphogenesis: 3 Rules and Boundaries: 3 Openness/Closedness: 4 Entropy/Negentropy: 4 Equifinality/Equipotentiality: 4 Communication and Information Processing 5 Relationship and Wholeness: 5 2. Second Order Cybernetic (FOC) principles: 6 Wholeness and Self-Reference: 6 Openness/Closedness: 7 Autopoiesis: 7 Structural Determinism: 7 Structural Coupling and Nonpurposeful Drift: 7 Epistemology of Participation: 8 Reality as a Multiverse: 8 1. First Order Cybernetic (FOC) principles: Recursion: Recursion is focused on the relationship between individuals and given elements in isolation. Recursion is, thus, focuses on how individuals and elements interact with, and influence one another respectively (Becvar & Becvar, 2014, pp. 69-70). In my opinion recursion in FOC refers to the circular causality or impact, if you will, that individuals and/or given elements have on one another. For instance, a child is extremely fearful of his father and, thus, doesn’t like talking to his father. His father, in turn, gets angry and strict when his son does not talk to him on a regular basis seeing as this makes him feel unwanted as a father. This behaviour from the father fuels the fear of the child creating a negative cycle...
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...home and slump yourself into your sluggish fat-building sofa fixating your sight to a mind-numbing 40inch television box. The typical view of “Living The Life” includes owning the state-of-the-art physical interaction slayer, residing in a gargantuan estate along with other silver spooned neighbours and being chauffeured around because exerting pressure on a peddle is a far too strenuous task to be performed. Therefore, the masses blinded and brainwashed by this illusion endure the pains of slogging till their bones crumble striving to earn their artificial bliss. Hence the word “Existing”, one that is doomed, despondent and an inanimate lump of matter that’s main aim is to be a mundane run of the mill in order to maintain the status quo. Trapped and controlled by their fears they become yet another statistic and drift aimlessly past the phenomenon of life as they run on autopilot. The dreadful routine of dragging yourself out of bed only because your metabolic processes force you too simply contribute to your mere existence. Your bucket list aspiringly scribed when you were 12 becomes nothing more than a haunting reminder of your bleak and dismal reality. This is a purely vile plague presenting the future with an outbreak of monotony. Yet, on the other hand, there are the few who have the ability to use their fist-sized organ and come to the realisation that posting “Happy Birthday Pal!” on a friend’s wall, only because Facebook jogged your memory, does not compensate...
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...* Set in 1981 at San Francisco, the movie begins by depicting Chris Gardner (Will Smith) as a common man who had invested all his savings in his dream venture of sales of portable bone-density scanner. He lives in an apartment with his wife Linda (Thandie Newton) who works double shifts in a restaurant to support Chris and son Christopher (Jaden) spends most of his day in day-care center. * Chris has been struggling to maintain status quo and provide for his family as his venture was not as successful as imagined, it is then that he discovers out of chance that being a stock broker may provide him with a steady income and improve his social status, also a college degree is not required. But, he is chided by Jaden for having considering stock broker as a career option instead of stressing more on his current venture. * Unfazed by criticism he applies for unpaid internship and impresses Jay Twistle (Brian Howe) by solving a 3X3 Rubik’s Cube in less than 30mins, who instantly spots an analytical talent in Chris which can be used in the stock broker firm he is in. * His condition worsens as he is estranged by his wife and he lives with his son, providing and taking care of him, while simultaneously striding through the internship which selects one in twenty and also trying to sell the remaining of his portable bone density scanner to make ends meet. The rest of the plot unfolds portraying Chris’s struggle through life from being near bankrupt, being homeless , arrested...
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...1. Executive Summary This report describes the various means by which Beck Taxi can increase its revenue and market share in the highly commoditized Cab Industry in Toronto. Any increase in pricing of radio service would lead to high attrition among the drivers and poor service quality in terms of timely service as drivers would start picking up fares. Hence Beck taxi should maintain status quo with respect to pricing radio fee. It should generate revenues through advertising inside and on the cab, by attracting more drivers, vehicle fleet owners and license plate holders by providing them incentives and by creating strong differentiating points by investing in technology and marketing activities. Situational Analysis Toronto’s Cab Industry has a supply overhang; also, there is not much differentiation between the 35 brokerages operating in Toronto in terms of the service provided hence cab service is highly commoditized. Toronto is a phone order market where speed of response is the index of customer service. Beck Taxi is the market leader, managing a number of plates and providing radio despatch service to vehicles. Its objective is to maximise its revenue and market share. Beck Taxi has not increased its radio fees since 1989 hence there is huge potential to increase its revenue by increasing the radio fee or implementing two part tariff where the driver is charged a fixed fee and a usage fee based on the number of radio despatches. But any increase in radio service...
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...Mount Auburn Hospital: Physician Order Entry (POE) Introduction * 1.3 million injuries occurred annually in 1991 * 69% are partially due to errors in patient management * 13% of these resulted in patient’s death Computerised Physician Order Entry Mount Auburn saw computerised POE as a critical patient-safety tool. Current system: Paper based and verbal communication Common errors in current system * Simple miscommunication of the drug order * Messy handwriting, confusion between names etc… * Lack of knowledge about drugs and patients * Rule violations, slips and memory lapses Advantages of POE When a physician places an order, all the relevant information are shown such as 1) Lab test results 2) Medication the patient is currently on 3) Allergic history etc.. * Everything is in real time – info about new drugs in the market, research finding, patient files * Reduced faulty drug identity checking – name mismatch problem solved * rule violations could also be lower – enhanced monitoring * ordering more streamlined * Reduced transcription error – handwriting issue solved All these will bring greater name to the hospital as the error rates will increase -> one of the Leapfrog’s recommendation is “Evidence-based Hospital referral”, hence this will generate positive name for the hospital. CRM could also be improved as the customer will be more satisfied with lesser errors and reduced...
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...Asset, Inc Proprietary Security Justification Executive Summary Assignment 1 Webster University March 23, 2007 PURPOSE The purpose of this document is to present Asset, Inc with rationale to continue with the employment of the current proprietary security team, vice hiring a contract security corporation. BACKGROUND Asset, Inc is forced with cutting expenses to ensure adequate profit sharing between corporation owners and employees. It is assumed this is not at the expense of customer needs. The board of directors requires a position paper outlining advantages of continuing with current status quo of a propriety security team; consisting of thirty-five personnel. POSITION The outsourcing for the protection of resources by Assets, Inc would be an unwise cut in expenses. The security team is loyal, properly managed and has the experience and education to ensure Assets, Inc continues to maintain a high level of service. The thirty-five man security team includes twenty-eight personnel as part of a security detail and seven personnel as my direct staff. The employment of these personnel has ensured the safety and security of company employees, customers and vital assets. Each member of this team is an integral part of the security team and their existence is vital to the success of this corporation. JUSTIFICATION As previously mentioned removal of the current security staff and employment of an outside source responsible for the security of this corporation...
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...Hidden flaws in strategy Charles Roxburgh The McKinsey Quarterly, 2003 Number 2 After nearly 40 years, the theory of business strategy is well developed and widely disseminated. Pioneering work by academics such as Michael E. Porter and Henry Mintzberg has established a rich literature on good strategy. Most senior executives have been trained in its principles, and large corporations have their own skilled strategy departments. Yet the business world remains littered with examples of bad strategies. Why? What makes chief executives back them when so much know-how is available? Flawed analysis, excessive ambition, greed, and other corporate vices are possible causes, but this article doesn't attempt to explore all of them. Rather, it looks at one contributing factor that affects every strategist: the human brain. The brain is a wondrous organ. As scientists uncover more of its inner workings through brain-mapping techniques,1 our understanding of its astonishing abilities increases. But the brain isn't the rational calculating machine we sometimes imagine. Over the millennia of its evolution, it has developed shortcuts, simplifications, biases, and basic bad habits. Some of them may have helped early humans survive on the savannas of Africa ("if it looks like a wildebeest and everyone else is chasing it, it must be lunch"), but they create problems for us today. Equally, some of the brain's flaws may result from education and socialization rather than nature. But whatever...
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...world. The effects of the Chinese military can be felt in the U.S since it has had to withdraw its navy from the pacific and now has smaller global reach. Three out of ten products picked up at Wal-Mart have the all too familiar “Made in China” printed on the back. This future is of course, fictional and too many may seem farfetched and impossible. However, this future is not all that unrealistic and with the current development of China, it may soon be a reality. China is headed towards a future where China is a global superpower economically, militarily and politically. How should American foreign policy address a rising China? Should we be accommodating and welcome a rising China or should we prevent China from ever reaching superpower status? Given the development of China, the way rising powers interact with world powers historically as well as theoretically and current as well as hisotoric Sino-American realations, we should develop a dessisive foreign policy that addresses the potential threat China posses to American Interests. The Chinese Economic Miracle China is everywhere these days. The words “Made in China” are universally recognized. China sews more shoes and stitches more clothes than any other country in the world. It is also...
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...EXECUTIVE SUMMARY The problem at hand is a case of moral dilemma v/s financial gains. The company continuing production processes “as is” will lead to emissions that might hamper employee safety. Confirming to current environmental standards entails heavy expenditure and a negative cash flow trend. The options evolving from the case are to adopt an emission control standard (exhaust system or Recirculating filtration system) or continue operations as currently undertaken. The options have been evaluated keeping the financial implications, politico-social effects and Corporate Social Responsibility of the company in mind. Based on the evaluation, installation of the recirculating filtration system is recommended. Word count: 101 Table of Contents |Sr. no |Content |Page no | |1 |Situation Analysis |1 | |2 |Problem Statement |3 | |3 |Options |3 | |4 |Criteria for evaluation |3 | |5 |Evaluation of options ...
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...STRATEGIC ALTERNATIVES FOR SUN LIFE FINANCIAL Table of Contents I. Introduction II. Current Strategy III. Strategy Options IV. Select Strategy V. Resources Requirements VI. Compare with another organization VII. Positioning Techniques A. Strengths B. Weaknesses C. Opportunities D. Threats VIII. Implementation Timetable & targets I. Introduction Trade and commerce has developed increasingly in the recent years. Competition has become more intense and the need for flexibility has become indispensable. At some point, there are some elements of operations that appear to be constant and unyielding: the need for dynamism. This idea points to the need of a company to have a culture of innovation. The changes in the external environment inevitably demands for not only a continuing drive towards innovation, but also a sustainable one. This is apparent in the case of Sun Life Financial, a leading player in the insurance domain in the global market. Currently, it covers millions of customers all over the world. However, it recognizes the need to constantly improve and take on steps to expand their market share and take control of the global insurance domain. This paper shall look into the current strategy of Sun Life Financial and consider the strategic alternatives which it could acquire to ensure that it sustains its development. II. Current Strategy Sun Life Financial’s current strategy is apparently...
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...(Deep) Every story will attach with meaningful insight summary. 每个故事都会总结出发人深省的洞见。 C. Program Roadmap C. 项目路线图 Agenda 日程安排 1. What does Innovator do? 创新者做什么? Self-assessment: What is innovation? 互动讨论:创新的定义 Discovery, Invention, Creativity and Innovation 发现,发明,创造力与创新 Common myths of Innovation 常见创新的迷思 2. Why need to be an Innovator? 为什么需要成为创新者 ? Self-assessment: What are my motivations to do innovation? 互动讨论:是什么激励我去创新? Left Brainer VS Right Brainer 左脑人与右脑人 Extrinsic factors 外部激励因素 Intrinsic factors 内部激励因素 3. How to be an Innovator? 如何成为一个创新者 ? Self-assessment: Tell one story about innovator you know. 互动讨论:讲一个有关你认识的创 新者的故事。 Innovator’s Code 创新者的密码 Spirit, Mind and Heart Model 创新灵智心模型 a. Spirit Dimension 灵维度—精神力 i. Questioner: Challenge Status Quo 质疑家:挑战现状 ii. Risk Taker: Take Smart Risk 冒险家:承担有意义的风险 iii. Block Shooter: Outsmarting Roadblocks...
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