...Facebook, etc. are investing millions of dollars in artificial intelligence research which has the potential to have a colossal impact on various industries, especially the automobile industry. In august 2016, Uber launched its first set of driverless cars. Many vehicles today are partially automatic but it has been predicted that between 2020 and 2025 fully automatic vehicles can be seen on the road. Google, Uber, Mercedes and others are working...
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...automated vehicles offer major potential benefits and could profoundly change our lives for better. They will make driving easier, allow people to be more productive and offer greater mobility to a wider range of people than ever before. They will also help improve road safety, reduce emissions, and ease congestion. As a result they can provide significant economic, environmental and social benefits, including improving social inclusion. The next thing is the driver can choose whether they want to drive or not. If they select an autonomous mode, they can allow the vehicle to take care of driving while they make use of the journey time in other ways. Strengths Time saving - So the first advantage of driverless cars is they are Multitasking. You can do anything you want Eat, Sleep, Work, Chat with relatives – commute time is no longer down time. An average driver spends the equivalent of six working weeks driving a year (MP Claire Perry, Department for Transport (UK)).In addition they never get tired or distracted could hold the key to substantially improving the road safety. Access to everyone - There are so many people who still do not have license, Disable people and elderly people may be judged unfit to drive. When autonomous will come to the market their will journeys without the driver at all. Secondly I want to say that it will improve the life of many, like you have an office in city and parking cost you so much money, with the autonomous car you can...
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...There are cases where somebody will notice a friend through social networking, getting them to reconnect. In a society wherever individuals became more mobile and family and friends are separated by oceans, it's convenient to stay up-to-date through technology. But, there are issues related to social networking sites. A discussion regarding whether net addictions are real. It seems to be a con with which individuals need to grapple. Employers are fire from their jobs or are put on pressure because of an incident on their social media website. This can be the result of one thing they put online that undermined the person’s skilled...
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...Project Purpose This is a comprehensive project that you will work on throughout the course. You will work in groups to solve a problem using the theories, formulas, and concepts from this class. Course Objectives Execute problem-solving actions appropriate to completing a variety of case study assignments. Apply critical reading to identify the meaning of information in a problem statement. Apply analytical and logical thinking to extract facts from a problem description and determine how they relate to one another and to the problem(s) to be solved. Provide symbolic, verbal, and graphical interpretations of statements in a problem description. Apply analytical tools for evaluating the causes and potential implications of a problem. Generate potential solutions to a problem and determine the best course of action with regard to effectiveness, efficiency, and mitigation of risks. Design methodology for implementing problem solution(s). Develop tools for evaluating implementation of problem solution. Required Resources Textbook ITT Tech Virtual Library Project Logistics Select ONE of the following three projects: A, B, or C. You may work individually or in a group. Because of the workload, working in groups is recommended. Working as an individual on this project is discouraged. Project Deliverables Four written reports Final report Project presentation (Unit 10) Each written report must have the following items: APA formatting, double-spaced...
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...Unit 6 Assignment 1: MyFoundationsLab Module 5 Learning Objectives and Outcomes Apply analytical and logical thinking to extract information. Assignment Requirements Log into MyFoundationsLab, and complete the Skills Assessment in Module 5: Ratio, Proportion and Percent. Note: You are encouraged to work ahead in MyFoundationsLab. If you finish a module early, or if there is an assignment that refers to a later module, feel free to move ahead. All modules must be complete by the end of the quarter to give you the best chance of success in follow-on courses. Required Resources Textbook MyFoundationsLab Submission Requirements Print a screen shot showing completion of the Skills Assessment in Module 5 of MyFoundationsLab. Grading Rubric 0 points if you don’t turn in your screenshot. 50 points for completing your assessment and turning in your screen shot. 100 points for completing your assessment, earning a score higher than 75, and turning in your screen shot showing your gold star for Module 5. Note, there are three ways you can show mastery, and each of those will result in a gold star on the module in the Learning Path. First, you can take and pass the Skills Check. Second, you can work through all the topics that are recommended for you. Finally, you can take and pass the post test. All of these methods will generate the gold star on your Learning Path. Unit 6 Problem Set 1: Blimp Exercise Learning Objectives and Outcomes Apply analytical...
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...The Future of the Automobile Industry Diala Albirini, Karen DuBois, Missy Habig, Craig Naugle The Future of the Automobile Industry Industry Scope When we first started organizing our thoughts on what to focus on within the automobile industry we found ourselves drawn to the population size and safety features (safety for individuals and for environment). We stimulated our strategic thinking by asking the following questions: What will the automobile industry at large look like in 2025? What trends/shifts will shape mobility in the years to come? What will drive the success of future winners? We quickly realized that our project scope needed to be broader to cover all of the megatrends we indentified and address them as it pertains to specific geographic regions of the world. Cars being mass produced on the assembly line will be a thing of the past. The commercials today for Buick of not ‘driving your father’s Buick’ will even be more pronounced in 2025. In fact, my father would have thought he was living in a science fiction movie! The mantra of ‘have it your way’ will become the mission statement of the automobile industry – both from a consumer and an employee perspective…if they want to remain successful in the industry. Our results? The automobile industry will remain a capital-intensive business model and thus limited in terms of its margin growth. However, over the next fifteen years the automobile industry will remain an exciting place. The industry’s center of...
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...LU 3: JOB ANALYSIS & HUMAN RESOURCE PLANNING The Basics of Job Analysis Job analysis – The procedure for determining the duties and skill requirements of a job and the kind of person who should be hired for the job by collecting the following types of information: work activities; human behaviors; machines, tools, equipment, and work aids; performance standards; job context; and human requirements. Job description – A list of a job’s duties, responsibilities, reporting relationships, working conditions, and supervisory responsibilities – one product of a job analysis. Job specification – A list of a job’s “human requirements”: the requisite education, skills, knowledge, and so on – another product of a job analysis. A. Uses of Job Analysis Information 1. Recruitment and Selection – Job descriptions and job specifications are formed from the information gathered from a job analysis, and help management decide what sort of people to recruit and hire. 2. EEO Compliance – The U.S. Federal Agencies’ Uniform Guidelines on Employee Selection stipulate that job analysis is a crucial step in validating all major personnel activities. 3. Performance Appraisal – Managers use job analysis to determine a job’s specific activities and performance standards. ...
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...EXECUTIVE SUMMARY As director of Supply Chain Systems, I have decided to implement portions of the new supply chain strategy of Virtual Integration and strategies from companies like Dell. Although there are several key differences between the companies, Dell’s virtual integration strategy can be applied to Ford’s supply chain operation. A modification of the virtual integration system currently used by Dell could be applied to Ford’s dependent supplier base, distribution system, dealerships and divisions. Special care will need to be taken to address the unique dependency of our custom Tier 1 supplier. The management of lower tier suppliers of general or generic components would be more effectively suited by the standard procedures used by Dell. If we at Ford could find a solution to the obstacles of virtual integration, it could make our supply chain run smoothly with less bottlenecking, inventory, and better overall performance. Managers could overcome the complex and error-prone manual process of forecasting and procuring parts which would result in reduced OTD lessen costs and enhance customer satisfaction. ISSUE IDENTIFICATION Senior Executives have asked how Ford should use the emerging information technologies and ideas from new high-tech industries to change the way we interact with Suppliers. We must find ways to improve the Supply Chain management and to increase shareholder value and Supply Chain responsiveness. Specifically we are looking at how Dell...
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...them to encourage workers to work more efficiently. This results in higher productivity, increased output, and ultimately higher profits. Motivation theories People work very hard when they are working for themselves. When they work for other people, less so. Managers have been looking into what makes employees contribute their fullest to the company and these studies have resulted three main theories of motivation. F.W. Taylor Theory: ‣Money is the main motivator. ‣If employees are paid more, they will be motivated to work more. ‣Work is broken down into simple processes, and more money is paid which will increase the level of productivity an employee will achieve. ‣The extra pay is less than the increased productivity. Cons: ‣ Workers are seen rather like machines, and this theory does not take into account non-financial motivators. ‣ Even if you pay more, there is no guarantee of a productivity rise. ‣ It is difficult to measure an employees output. Maslow Theory: Maslow created what is known as the hierarchy of needs. In this diagram, there are 5 different types of motivation: ‣Level 1 - Physiological needs: basic requirements for survival. ‣Level 2 -Security needs: the need to by physically safe. ‣Level 3 Social needs: the need to belong and have good relationships with co-workers. ‣Level 4 Esteem needs: the need for self-respect and to be respected by others. ‣Level 5 Self-actualization needs: the need to reach your full...
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...Chapter 1: The purpose of Business Activity The economics problem: needs and wants. Basically, all humans have needs and wants. Needs are things we can't live without, while wants are simply our desires that we can live without. We all have unlimited wants, which is true, since all of us want a new PC, a car, new graphics card, etc. that we actually do not need to live. Businesses produce goods and services to satisfy needs and wants. Although we have unlimited wants, there are not enough resources for everyone. Resources can be split into 4 factors of production, which are: - Land: All natural resources used to make a product or service. - Labour: The effort of workers required to make a product or service. - Capital: Finance, machinery and equipment required to make a product or service. - Enterprise: Skill and risk-taking ability of the entrepreneur. Entrepreneurs are people who combine these factors of production to make a product. With these discussed, lets move on to the economic problem. The economic problem results from limited resources and unlimited wants. This situation causes scarcity, when there are not enough goods to satisfy the wants for everybody. Because of this, we will have to choose which wants we will satisfy (that will be of more benefit to us) and which we will not when buying things. For any choice, you will have to would have obtained if you didn't spend that money. For example, you would have got a book if you didn't buy the pen...
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...expected growth, while maintaining a value based employee model. 2) Cervus’ future approach in the execution of a diversification growth strategy, in the construction and industrial equipment markets. 3) Evaluating growth potential in international markets and the vehicles present. 4) Responding to IT environmental complexities alongside available partnerships which to work with. 5) Growing products and service capabilities to clients and optimize operational requirements. ------------------------------------------------- Analysis Internal Analysis (VRINE) – Decentralization and ‘Principles over Policy’ The following VRINE analysis will determine whether Cervus’ decentralization capabilities, namely the ‘principles over policy’ approach, provide a sustainable competitive advantage. Value Empowering dealership employees to formulate and implement growth strategies have provided a substantial amount of value for Cervus. Decentralized, value-based decision making gives front-level employees the power necessary to make critical customer service decisions without referring to corporate policy or waiting for a manager’s assistance. In addition, this discovered process approach has created an autonomous workforce, able to adapt quickly to new situations. Conversely, centralized decision-making can create ‘cold-hearted’ employees who are forced to resort to and obey corporate policy without properly addressing customer issues. Cervus has challenged the conventional wisdom...
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...Chapter 28 MANAGEMENT ACCOUNTING SYSTEM DESIGN Changes from the Twelfth Edition All changes to chapter 28 were minor. Approach A brief summary chapter seems to help students consolidate their previous topic-by-topic learning, and they appreciate such a chapter for final exam study preparation. The summary of the many different adjectives placed before the word “cost” and the concepts behind these adjectives is useful. However, because there is no conceptually new material here, one need not spend much time on the text. Rather, instructors can jump right into a discussion of one of the chapter’s cases, which is intended to raise issues that cut across multiple chapters. Cases Puente Hills Toyota raises many financial responsibility center, performance measurement, and incentive systems issues in a car dealership setting. Axeon N.V. illustrates the real world application of many management accounting and control concepts, including incremental cost analysis, capital budgeting, sensitivity analysis, transfer pricing, organization design, and control system administration. Case 27-1: Puente Hills Toyota Note: This case is unchanged from the Twelfth Edition. Purpose of Case This case can be used to motivate discussions of a number of topics, including financial responsibility centers, performance measurement, transfer pricing, and incentives. The setting is an automobile dealership, a business about which all students have some interest...
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...1.0 PRoblemS DEFINITION 1.1 Types of Strategies used for Local and International Markets Under the International Strategic Management approach, companies can choose to either venture their business towards the Global or Regional strategy. The Global Integration strategy looks at production and distribution of products and services of a homogenous type and quality on a worldwide basis. National Responsiveness strategy requires understanding of individual consumer tastes imposed by autonomous governments and agencies. To further understand the Global and National strategies, we look into the two-dimension matrix below. (textbook, pg277) Global Strategy International Strategy Transnational Strategy Multi-domestic Strategy Global Integration High Low National Responsiveness High Low Quadrant 1 – Global Strategy, High requirement for integration and low awareness of differentiation. Based on price competition, entry strategy used it often mergers and acquisition. Quadrant 2 – International Strategy. Low requirement for centralised quality check and strategic decision making eliminating the need to adapt to individual countries. Mixed strategy combining low demand for integration and responsiveness. Quadrant 3 – Transnational Strategy. High requirement for integration and differentiation. Emphasizing both global integration and local responsiveness. Quadrant 4 – Multi-domestic Strategy. High requirement for differentiation but low concern for integration...
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...THE INTERNATIONAL LEGAL ORDER Controversiae (disputes) is the first word in book I of Hugo Grotius’ foundational text De Jure Belli ac Pacis(The Law of War and Peace, 1625). Much modern scholarship in international law has followed this strand of Grotius’ thought in orienting the subject to the problem of managing disputes. Since the late nineteenth century, generations of leading scholar-practitioners have shaped a view of international law which emphasizes legal doctrines and materials related to disputes: the specific rules one party to a dispute may invoke against another, the sources (e.g. treaty, custom) to which an international court will look to identify international law rules, the general principles (e.g. acquiescence, abuse of rights) that international courts have borrowed from national legal systems to help deal with international cases, the foundational principles of international law (e.g. state responsibility) enunciated by courts, the precedential implications of a specific decision or a specific settlement agreement. This focus owes much to the sociological model of the successful international lawyer as it developed in the English and French traditions of international law over the past century: that of the academically respected practitioner, primarily the world–wise professor-counsel or the erudite lawyer–civil servant, whose career involved both scholarship and representing litigants in the management of disputes, and might eventually culminate in becoming...
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...[Type the company name] | INVESTMENT IN MUTUAL FUNDS AND SHARES –PROS AND CONS | FINANCIAL MANAGEMENT | | TO, PRATIMA TRIVEDI | 12/9/2013 | REPORT BY- PARITOSH SINGH FS35 PRAKRITI FS40 PANKAJ KUMAR SINGH FS34 ROMANSHU VARSHNEY FS64 RAJNEESH SHARMA FS44 TABLE OF CONTENTS Table of Contents ACKNOWLEDGEMENT 4 A. MUTUAL FUNDS 5 I. INTRODUCTION 5 II. ROLE OF MUTUAL FUNDS IN THE FLNANCIAI, MARKET 5 III. MUTUAL FUNDS: STRUCTURE IN INDIA 5 IV. GROWTH IN MUTUAL FUND INDUSTRY 6 V. IMPACT OF THE GLOBAL FINANCIAL CRISIS 11 VI. GOVERNMENT POLICIES 11 VII. ADVANTAGES OF MUTUAL FUNDS 12 Diversification. 12 Expert Management. 12 Liquidity. 13 Convenience. 13 Reinvestment of Income. 13 Range of Investment Options and Objectives. 13 Affordability. 13 VIII. DISADVANTAGES OF MUTUAL FUNDS 14 No Control Over Portfolio. 14 Capital Gains. 14 Fees and Expenses. 14 Over-diversification. 14 Cash Drag. 15 IX. SOME TOP MUTUAL FUND OF INDIAN MARKET 15 SCHEME: ICICI Prudential Focused Blue chip Equity Fund (G) 15 SCHEME: BIRLA SL INDIA GENNEXT (G) 15 SCHEME: SBI DYNAMIC BOND FUND (G) 16 ICICI Prudential Equity - Volatility Advantage Fund 16 B. INVESTMENT IN SHARES 17 1. INTRODUCTION 17 2. ADVANTAGES OF INVESTING IN SHARES 17 i. Inflation Rate: 17 ii. Protected From The Eyes Of The Public: 17 iii. Growth Rate: 17 iv. Dividend: 17 v. Bonus Issues: 17 ...
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