Tech Prep :: Education School Careers Essays

Tech Prep Tech prep has gotten all the more generally acknowledged by instructors and the business network as genuine changes have been made in educational program, courses, and projects. In any case, the jury is still outabout whether the foreseen understudy, school, and network results are being figured it out. This exposition analyzes the degree to which tech prep is prevailing as a one of a kind exertion, satisfying the cases that have been made for it. Throughout the years, teachers have been tested by various government, state, and nearby initiativesthat pronounce to bring about better instructive results for understudies. Exceptionally promoted at their commencement, a large number of the activities at last blur into lack of clarity, some consumed as a component of otherprograms. Assessments of tech prep and its relationship to class to-work activities point to thedistinctions that make every one of the two projects one of a kind and feature the attributes that makethem comparable. Program center is the most distinctive component that separates tech prep from school to work.Tech prepares center is essentially around school-based learning, while school-to-work programs alsoinclude work-based learning and linkages between the two. The qualification is less clear when thecore components required for tech prep differ among tech prep consortia, as they are accounted for to do(Owens 1996). For instance, when tech prep includes components that incorporate work-based and careerguidance segments, it gets like school-to-work, which may clarify why someeducators are seeing next to zero distinction between the two. Of the 100 people studied at the1996 American Vocational Association Convention, in any case, just 15 percent saw tech prep andschool-to-fill in as being the very same (Bragg 1996). A large portion of the studied tech prep consortia didn't consider the to be endeavors as interchangeable, yet saw tech prep as a part of school to work: 35% of the respondents considered techprep to be the establishment for school to work; half believed tech prep to be under the school-to-work umbrella (in the same place). In any case, for financing just as program issues, most neighborhood techprep organizers accept that tech prep ought to hold its one of a kind character to guarantee that thebenefits of its procedures and systems are not lost or copied by school-to-work (Bragg et al.1997). Overview reactions from 42 of 50 state executives of professional specialized instruction showedagreement with the view that tech prep is one alternative inside school to work and that its identityneeds to remin solid (Dykman 1995). Imprecision in characterizing the two changes can make disarray and dissatisfaction among allstakeholders. At one of the five field locales concentrated during the 1996-1997 scholastic year, forexample, tech prep was saw as a chief way to deal with STW for all the more scholastically talentedstudents, joining both school-based and work-based parts.

Target Case

Target Corporation Capital Expenditure Target’s Capital Expenditure Committee, comprising of five top level administrators liable for investigating all huge capital undertaking demands, is as of now thinking about 5 ventures to increase the value of the company. Their general objective is to include 100 stores per year, while keeping up a positive brand picture and watching spending requirements. On the off chance that the CEC rejects a proposition there are huge money related and passionate sunk expenses, because of the long improvement process.Each venture is assessed as far as its quantitative, subjective, and key parameters. In computing the NPV of these tasks, Target utilizes two obstacle rates, 9% and 4% for the store activities and charge card incomes separately, because of the various expenses of capital. Financing Mastercard receivables requires less hazard than subsidizing store activities since Mastercards don't require many fixed resources and are just given to peo ple with appropriate record. We have broke down each undertaking, positioned them as per value(best to most exceedingly awful I. . 1 to 5), and made a proposal to acknowledge/dismiss every one. Undertaking: â€Å"The Barn† Rating: #1 Recommendation-Accept Construction of this P04 store permits Target to enter another market. This venture offers the best return, with a NPV which is 128% of the $13 million speculation, and an IRR of 16. 4%. By building this store, Target would be endlessly expanding its image mindfulness in a region that was once in the past involved by its competition.Although the low middle salary and low level of grown-ups with advanced educations propose that the populace may not fit the perfect Target visitors, the model NPV is as yet achievable with a reduction in anticipated deals by 18. 1%. Venture: â€Å"Stadium Remodel†-Rating-#2 Recommendation-Accept The redesign of this effective SuperTarget requires a speculation of $17 million, and gives a NPV of $15. 7 million(92% of venture) and an IRR of 10. 8%. As of late the office has started to weaken; which, combined with an abatement in deals has started to discolor Target’s brand image.If business as usual is kept up, deals will diminish until Target is compelled to close this office; never permitting them to acquire this huge NPV, nor the $0. 4 million in tax reductions of depreciable property discount. The significant level of middle income($65,931) and level of grown-ups with school degrees(42%), shows that this segment matches Target’s perfect client base, directing the danger of deals missing the mark regarding the anticipated sum. By redesigning this area Target is patching up the shopping experience just as their image picture. This store could be come back to its previous wonder with a little speculation and low degree of risk.Project: â€Å"Gopher Place†-Rating-#3 Recommendation-Accept This development of another P04 store in a basic market has a NPV of $16. 8 million, 73% of the underlying venture of $23 million, and a good IRR of 12. 3%. The ongoing populace development around there has likewise pulled in the consideration of Wal-Mart, who intends to open 2 new supercenters here, giving them control of 76% of the market. On the off chance that Target doesn't contribute here, Wal-Mart may increase a stranglehold here, causing it unimaginable for Target to contribute here at a later date.If Target invests in this venture, Wal-Mart may reevaluate opening a second superstore here. Moreover, building this store would help increment the Target brand mindfulness in the zone. Despite the fact that the level of school graduates(12%) among this populace is lower than wanted, the high middle income(56,400) and enormous populace growth(27%) should drive up deals at â€Å"Gopher Place†. While high cannibalization of sales(19%) from other Target stores and affectability to diminishes in deals give this task a lower positioning, the advantages of the NPV, IRR, and vital significance make this undertaking acceptable.Project: â€Å"Whalen Court†-Rating-#4 Recommendation-Accept Construction of this one of a kind store in the focal point of a significant metropolitan region offers an IRR of 9. 8% and a NPV of $25. 9 million. Be that as it may, these figures don't consider the size of a task where the NPV just records for 22% of the $119. 3 million speculation. Moreover, the land for this task must be rented, constraining Target to forego its paradigm of buying land and driving the CEC into a snappy choice to maintain a strategic distance from than passing up on this uncommon chance. Overwhelming pedestrian activity round this store will give Target a huge increment in brand perceivability and mindfulness, permitting them to balance the huge beginning expense with a reduction in promoting spending plan. Whalen Court will be the lead store in this set up showcase region, where there are as of now 45 Targe t stores. The huge populace, combined with a middle pay of $48,500 and uncommonly high level of school graduates(45%) demonstrates an ideal network for Target to enter. In spite of the fact that we suggest the acknowledgment of this task, the immense beginning speculation makes this undertaking less appealing than its peers.Project: â€Å"Goldie’s Square†-Rating-#5 Recommendation-Reject While this SuperTarget was to be worked in a zone of vital significance its arrival isn't sufficiently high to legitimize the venture cost. The NPV of $0. 3 million is a pitiful 1. 26% of the speculation cost, and its IRR of 8. 1% is not exactly the necessary obstacle pace of 9%. The main explanation it keeps up a positive NPV is expected to anticipated Visa deals. 12 Target stores exist in the territory, suggesting a lot of their deals will be ripped apart from other Target stores.In actuality, anticipated deals at â€Å"Goldie’s Square† would need to increment by 62. 5% to cover the misfortune in deals at different stores and accomplish the model NPV. In the short run this venture will add to Target’s top line, however over the long haul it will end up being a weight to the company. In spite of the fact that Target has the essential assets to put resources into every one of these ventures, we suggest they acknowledge all tasks other than â€Å"Goldie’s Square†. The essential objective of the CEC is to pick ventures which carry worth and development to the organization; while expanding brand mindfulness and key contemplations are of optional importance.This is the reason the CEC must look past the NPV and IRR and truly examine the tasks, guaranteeing assets are designated to the activities which give the best an incentive to all aspects of the partnership. By tolerating these four ventures and dismissing â€Å"Goldie’s Square† Target will accomplish feasible development and an expansion in corporate worth. After th e ongoing dreary returns, investors and experts will be satisfied with Target’s responsibility to positive development and worth creation.

How To Find Quality Sample Essays For Scholarship

How To Find Quality Sample Essays For ScholarshipThere are many questions that you need to ask before you decide to use a samples essay for scholarship. Do you want to make money from your essays? Do you know that you can make money without having to do something that you don't like? How does this help you in finding the answer to all of these questions?First of all, you should understand that there are samples essays that are available for free to download. You just have to go to a certain website and get your free copies. These will never be usable for anything, but you can get an idea on how this works and if it is something that you want to pursue.If you want to make money online and use your writing ability for this, then you should look into paid samples. This means that you will have to pay for it, but that is because it is done. You are getting the chance to get paid for your skills.To start looking at these samples, you will want to look for the right place to find it. You w ill want to look for a site that is going to give you enough information to do a research about it. This is the reason why it is important to have your own research done to make sure that the ones that you are looking at are the ones that are truly good.After doing your research, you can start using these essays to try to sell yourself. You want to use the samples essay for scholarship to help people out when they need some extra money to go to school. You can even use it as a way to earn extra money.If you need to fill out some forms or financial aid for school, you can do so by using this to help you out. You don't have to worry about answering them because it is all goingto be included in your samples essay for scholarship. This is great for when you need help with your school work or applications.You will also need to look at what kind of websites have samples essays that you can do a research on. These can be very helpful, and you should go to each of them to see what kind of j ob is available for you to do. You can use this essay to help you get through some of the hardest parts of school.You will find that this is a great way to find quality samples essay for scholarship that you can do a research on. You can even use these as a means to get your school work done because these are going to have questions that you can answer and get a quick glimpse at what it is that you are trying to get your grades up to. You will be surprised to see how much these things can help you in your life.

The Doctrine Of God Is A Social Process - 2263 Words

Introduction: Process Theology is based on the process thought that affirms process being elementary to its nature. Process theology, with respect to the topic of the doctrine of God is relative to Process Theism. The core theme of the character of God is embedded in the statement â€Å"God’s power in the world is necessarily persuasive, not coercive.† Thesis: The paper will â€Å"give an account of the processive view of God and reflect how a processive view can facilitate a more holistic approach to creation,† while engaging the process model. The paper will use course readings as well as two of my poems and an example to make a case that â€Å"reality is a social process,† that can be understood whether it is a piece or art like poetry or†¦show more content†¦To the Four Corners- I To the Four Corners Of the Earth, I raise my voice And say â€Å"Peace to All!† 2. Love and grace surround You, may you find hope, trust, and Forbearance through God. 3. Let tears of the poor, Orphan, widow, lame, hungry, Open our eyes, ears. 4. And the stubbornness Of our hearts and minds renewed, Filled with new spirit. 5. Why should the darkness Rule, and make hearts groan and wail, When light lives in you? 6. Can you, the image Of God live without the love Planted inside you? 7. And can the sobbing Of one’s soul not become joy If we have that love? 8. So why bemoan the Loss of life, when old things have Passed, for they are new. 9. See, how the Sun is Shining and, how the clouds are Crying tears of joy. 10. O, four corners of The Earth, repent and confess Your foul craftsmanship. 11. Remember that you, The dust, were meant to love, trust, And forgive others. 12. But you began to Crush the innocent souls as If you owned the world? 13. Witness how God turns The round Earth, and guards waters, Births life, coffins dead. To the Four Corners –II 1.To the Four Corners Of the Earth, I raise my voice And say Peace to All! 2. A handful of smiles, goodwill to live and love the least. Embrace to all, 3.Even for those who dwell in cave, wood, desert, hill, valley, sea, island. 4. May love teach, warm andShow MoreRelatedWeber and Religion: The Prophet Motive Essay879 Words   |  4 Pagesagent in the production and maintenance of social relations. For whilst culture is based upon choice, value and action- and thus subjective and volatile - it produces real material effects. Clearly Weber is turning Marx on his head! We can, and will demonstrate this below with regard to Webers `Protestant Ethic thesis. But this thesis of Webers is in fact only a part of a wider historical dynamic process suggested by Weber. This historical process is driven by an interaction between charismaticRead MoreThe Doctrine of General Revelation775 Words   |  4 Pagesclearly explains the doctrine of special revelation in his book â€Å"Christian Doctrine† . Guthrie states that â€Å"Christians may differ in their answer to the question how and whether we can find God† but all Christians agree that we â€Å"know that God exist because he found us† (54). â€Å"God has revealed God’s most innermost self by speaking and acting in the world in a special way.†(54). This special revelation occurs in three distingue ways. God also revealed Himself in the person of Jesus. God has revealed HimselfRead MoreChristianity and Hinduism950 Words   |  4 Pagesresurrected. The religion is monotheistic meaning it follows one god, referred to as â€Å"God†. The structure of Christianity has three major branches which are the Roman Catholics, Eastern Orthodox, and Protestants, each branch containing a number of subcategories. Christians follow the belief that there is only one true God, who exists as Father, Son, and Holy Spirit all in the same body. Christians also follow the belief that Jesus is God sent in form as a human messiah who was sent to save the worldRead MoreCatholic Social Teaching1742 Words   |  7 PagesSocial doctrine of the church as a social instrument of the new evangelization Three terms are present in the title of this issue: two explicit (social doctrine of the church and new evangelization) and an implicit (evangelization). We can’t talk about the new evangelization without connecting it with the evangelization itself; the relationship between the church’s social doctrine and the new evangelization comes through the evangelization. The first thing it’s the evangelization, the most originalRead MoreJudaism and Christianity1462 Words   |  6 Pagesassociated with Abraham, for many centuries diverged and developed in their own distinct ways. The partition, based on different theological doctrines, evolves around the idea of the nature of human relationships with God, which in case of Judaism are based on the Law of Torah, and in Christianity stem from the belief in Jesus Christ and its cornerstone – the doctrine of Trinity. Beyond a doubt, the best illustration to the character of religious beliefs in Judaism, is â€Å"The Covenant at Sinai†Read MoreChristian Theology And Feminist Theology1699 Words   |  7 Pagesorthodox uniformity (Warner, 2005). Nonetheless, in his book Revisioning Evangelical Theology, Grenz â€Å"called for an overhaul of the evangelical approach to theology into one centered on the Kingdom of God and Christian community† (Warner, 2005, p. 43). This did not change his belief that doctrine was a living tradition not to be set in stone, and he believed in â€Å"the absoluteness of God’s revelation in Jesus Christ† (Warner, 2005, p. 43). This postmodern paradigm shift in thinking, however, didRead MoreFoundation of Orthodoxy and Formation of the Canon1699 Words   |  7 Pagesthere has been much conversation over the rise and fall of the empire. From the government and its ideas to establish an effective common law, to the economic and socia l status of the culture and what the values and beliefs are for Christians, the foundation of orthodoxy and the formation of the canon becomes quite influential in this process. It is my desire to explain that despite the disputes going on within the early church, the essential matters such as the nature, humanity, and deity of ChristRead MorePastoral Conversation Of A Confessional Nature1403 Words   |  6 Pagesthe front of the church so that a member could lead worship while sitting and without having to navigate the stairs to the lectern. 5) Will you regard all pastoral conversation of a confessional nature as a trust between the person concerned and God? Yes I will, unless they are an imminent threat to themselves or another person. I am up front about that caveat before I have any conversation with someone seeking counsel. 6) Provide evidence of experience in peace and justice ministries. OurRead MoreThe Person of Christ Essay973 Words   |  4 Pagesdiscussing and proving the person of Christ, there are two basic laws that must be addressed and proven. First you must prove that Christ is one hundred percent human (humanity), then you must prove that at the same time Christ is one hundred percent God (deity). As human, Christ had a body, he had a soul and spirit, he had human characteristics, and he was called by human names. In Luke 2:52, it is written that Christ, even though he had a virgin birth, He was born with a human body that was conceivedRead MoreAnalysis Of Charles Finney s The Reality Of Free Will 1422 Words   |  6 Pagesstressed the reality of free will, meaning that man has a choice in the matters of sin. â€Å"God tells us what is right and threatens us with sanctions, but the choice is ours† (pp. 253-254). The weakness of Evangelical approach, according to Lane, is that the evangelist tries â€Å"to bring about an instantaneous decision of the will rather than a radical change of character which in one sense is a life-long process.† Obviously, Lane’s insistence that Finney’s â€Å"system† holds that â€Å"the will is totally unconditioned

Essay The Special Theory of Relativity by Albert Einstein

The Special Theory of relativity is an acknowledged physical theory that revolutionized advancements in the relationship between space, and time. The theory is one of the most interesting discoveries that are still used today in science fiction movies such as Star Wars, and Star Trek through the use of black holes, and time travel due to it’s astonishing results, and it occurrence at speeds close to the speed light, which can be appealing to a wide range of audience. This was a harvest from six years of extremely handwork by Albert Einstein. Einstein used resources that were widely available to the public due to his economic constraints. It wasn’t until 1905, when Einstein finally had finished and published his discoveries, and gatherings†¦show more content†¦Both you and the observer could argue for days, and none of you would be able to prove the other person wrong, and as matter of fact, when it comes to physical laws both of you are correct. It all depends on your frame of reference. Speaking of frames of reference, an inertial reference frame is an area where no force applies, therefore there isn’t any gravitational force, or any acceleration, in an inertial frame one couldn’t tell if he was on constant velocity or if he was at rest. The simultaneity of events is matter of a person’s frame of reference. If a person is moving at a constant velocity in between two object emitting light he’ll see the light source he’s moving towards, and the light source he’s moving away from flash at the same time. However if a stationary observer watches this from a stationary platform, he’ll see that the light source that the person is moving away from has more distance to cover than the one he’s moving towards. He’ll also notice that both these light emissions will reach the person standing in between them at the same time. So considering that the speed of light is the same in all situations. The observer sees the light source the person is moving away from flash first as it has more distance to cover, and yet reaches the person standing in the middle at the same time. The first of the Special Theory of relativity’s affects, causes the phenomena of time dilation. TimeShow MoreRelatedTheory of Relativity and the Special Theory of Relativity by Albert Einstein1850 Words   |  8 Pages Since his birth, Albert Einstein has had the most beneficial effects on the events of the world. Albert Einstein was born in Ulm, Germany on March 14, 1979 and as a boy displayed an unquenchable curiosity for understanding science and all of its mysteries. As Albert Einstein’s life progressed, he found himself working as a patent clerk in Bern. While working as a patent clerk in Bern, Albert Einstein had a plethora amount of time which was devoted to formulating his theories. Also during thisRead MoreAlbert Einstein: The General Theory of Relativity Essay660 Words   |  3 Pagesappears to be, makes one heroic; therefore, Albert Einstein is heroic in numerous ways. Throughout Albert Einstein’s lifetime he accomplished many amazing things that have an effect on people today. For example, in 1905, â€Å"often called as Einstein’s â€Å"miracle year†, he published four papers in the Annalen der Physik, each of which would alter the course of modern physics† (Michio,Kaku 13). Throughout Einstein’s four books, he â€Å"applied the quantum theory to light in order to explain the photoelectricRead More Albert Einstein Essay1047 Words   |  5 Pages Albert Einstein was born in Ulm, Wà ¼ttemberg, Germany, on March 14, 1879. While he was still an infant, the family moved to Munich. Albert’s father was plagued with business failures throughout his life, and after one such failure, he moved his family to Milan, Italy. Einstein was, at first, left behind to finish his schooling at the Luitpold Gymnasium, but he disapproved of this choice, and followed his family to Milan. Albert decided to attempt to skip the rest of gymnasium and tried to passRead MoreAlbert Einstein s Theory Of Relativity And The Father Of The Atomic Age1174 Words   |  5 PagesAlbert Einstein: Theoretical Physicist, Mathematician, Genius Even in the year 2015, when asking the question, â€Å"who is the smartest person in history?† you are likely to receive the same answer every time. Most people recognize this person to be Albert Einstein. This is certainly not an easy title to earn, but when you look at who Albert Einstein is to the world, his achievements, and the work he has done for not only the scientific community, but for the entire world, it is easy to label him asRead MoreAlbert Einsteins Journey to Become one of the Most Well-Known Scientists in History678 Words   |  3 Pageswell-known scientists in the world. Albert was considered a very lazy person and even ignorant; although he was very smart, he was bored with what he considered old ideas and concepts. Without graduating high school Einstein applied for entrance into a polytechnic institute in Zurich, Switzerland. After two tries he finally gained entrance and graduated with the same bored attitude to the irritation of his professors. None of which, expected him to succeed (â€Å"Albert†). Albert spent seven years reviewing patentsRead MoreThe Cultural Icon Of The 20th Century Essay1247 Words   |  5 PagesAmber Gentile 12 December 2016 Period 2 Albert Einstein- The Cultural Icon from the 20th Century Albert Einstein once said â€Å"I want to know God’s thoughts, the rest are details†. Einstein wanted an equation that would encapsulate all physical laws. To put the beauty and the power of the universe into a single equation was his life’s goal. Although Einstein’s name is now synonymous with genius, his professors would have never predicted him to be this successful as he would always cut class, and heRead MoreAlbert Einstein Research Paper996 Words   |  4 PagesLucia 6/5/11 Why Albert Einstein is the most influential historical figure Albert Einstein, who arguably contributed more than any other scientist since Sir Isaac Newton to our modern vision of physical reality, is clearly one of the most gifted intellects the world has ever known. In a relatively brief period of time, Einstein changed the way people thought about space, time, gravitation and war. Albert Einstein was born on March 15, 1879, in the southern GermanyRead MoreEssay on Albert Einstein985 Words   |  4 PagesEducation The only thing that interferes with my learning is my education -Albert Einstein Albert Einstein was born on March 14, 1879 in Germany to a Jewish couple. While having initial complications with a misshapen head during child birth, he grew normally. However it was commented by Albert Einsteins relatives that he was a little slow. Einsteins lack of intelligent was shown by his late age of learning how to speak. His first formal education (besides the private education he receivedRead MoreHow Albert Einstein Affected Technology?747 Words   |  3 Pages Albert Einstein, one of the most luminary thinkers in history made many influential contributions to the fields of science and philosophy to revolutionize man’s understanding of the world. All great things once had humble beginnings. Einstein was born into a middle class family with one sibling. Early in his life, his family influenced him through his presents. His family would gift items such as him telescopes and compasses. His uncle would also, on occasional, teach him in algebra. The oneRead MoreAl bert Einstein : The Greatest Minds Of Our Time1620 Words   |  7 Pages Albert Einstein is undoubtedly one of the greatest minds of our time. His contributions to physics and mathematics are extensive. He was one of science’s first celebrities. Albert Einstein was born on March 14, 1879 at Ulm, in Wurttemberg, Germany (Nobel). His parents, Hermann and Pauline Einstein, were Jewish middle-class Germans, and his uncle was an engineer (Formative). Six weeks after his birth, his family moved to Munich (Nobel). Einstein began his schooling in Munich

Understanding Of Rfid On Supply Chain Management - 1381 Words

Understanding of RFID in Supply Chain Management Table of content: 1. Introduction 2. Understanding of RFID 3. Application 4. Implementation 5. Pros and Cons 6. Conclusion 7. References 1. Introduction: Today we are in the era of globalization. In order to expand business one needs to spread their business across territories. So in order to expand and compete with local business or competitors pricing of the product becomes very critical. But expanding business comes with added costs which are due to supply chain and logistics costs which in turn either reduce the profit in a competitive market or by increasing the price companies lose their competitive edge. Hence it is very important for any business to keep a close watch on this cost. One way of controlling the added cost is by effective supply chain, logistics and inventory management. In the sectors such as FMCG (Fast-Moving Consumer Goods) retailers and automotive industry there are millions of components and huge number of suppliers associated with them and hence supply chain management becomes a major challenge. There have been various technologies which have helped in the past in improving effectiveness of this supply chain. One of the technologies which is highly investigated now for increasing efficiency of the supply chain is RFID (Radio Frequency Identification). RFID comes as an improvement over the previous technology that is barcode. The barcode technology even though it was very cost effective andShow MoreRelatedRadio Frequency Identification ( Rfid )1582 Words   |  7 Pagesâ€Æ' Table of Contents Introduction 2 What is RFID? 2 RFID in Supply chain management 2 How has RFID implementation improved Supply chain performance at Wal-Mart 3 Impact of RFID technology on SCM Effectiveness – Food Industry in Iran 3 Short comings of RFID 5 Future of RFID 5 References 6 Introduction In this paper we will discuss how Radio Frequency Identification (RFID) influences the role and importance of supply chain management in organizations. This paper will also discussRead MoreQuestions On Supply Chain Management1479 Words   |  6 Pages Contents Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦.3 Supply Chain Management†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..3 RFID- Radio Frequency Identification†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.................4 Types of RFID’s†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..................5 History†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..5 Barcodes RFID†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.6 Supply Chain RFID†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 Applications of RFID’s...................................................Read MoreNotes On Supply Chain Management1469 Words   |  6 Pages â€Æ' Contents Introduction 2 Supply Chain Management: 2 RFDI- Radio Frequency Identification 3 Types of RFID’s 4 History 4 Barcodes RFID 5 Supply Chain RFID 6 Applications of RFID’s 6 Barriers in adoption of RFID’s 7 Future innovative uses 8 Conclusion Way forward 8 Bibliography 9 RFID: An overview from SCM perspective Introduction With exponentially increasing globalization, industries are facing huge challenges in terms of supply chain management. 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Implementation of ERP systems in Swagman - Myassignmenthelp.Com

Question: Discuss about the Implementation of ERP systems in Swagman. Answer: Introduction The paper focuses on the implementation of cloud based ERP within the company Thirsty Swagman which is one of the tour operators that specializes in pub-themed and festival tours. The company was founded in the year 2007 by Kenneth Hart. It is identified that the company provides different types of tour services including La Tomatina tours, Oktoberfest tours, Stuttgart beer festival, Kinga Bar Hopper, Beer or bust, Spanish Bar made, zero gravity party, beer in space as well as round the world pub tour (Thirsty Swagman 2018). However, the management team of the company analyzes that they face difficulty in managing the data as well as information of the clients due to the increase in popularity of the company among the people. Therefore, the management team of the organization requested the top management of the company to sponsor budget for implementing cloud based ERP system within the company. The paper illustrates internal as well external operating environments of the company. The proposal identifies the problem for IS/IT and justifies the choice of the proposed system that is cloud based ERP system. The paper explains system analysis, system design, system implementation testing as well as development. In addition to this, the paper also elaborates post-implementation activities as well as discusses other activities like project management, risk management and change management. Description of the organizational context The company Thirsty Swagman is one of the tour operators that mainly specialize in various festival tours as well as pub themed tours. It is identified that in the year 2008, the company started its journey by offering Around the world pub crawl. The mission as well as vision of the company is provided below: Mission The main mission of the company is to offer best, most unforgettable travel experience to the people which is accomplished by providing life-changing learning adventures. The company is deeply committed to be the benchmark in offering service excellence as well as experimental enriching program with added values at very much competitive price. Vision The vision of the company includes the following: Service excellence: Thirsty Swagman is mainly committed to provide proper service to the customers in a timely manner. Accountability: The company mainly pledges abide by its moral code of various ethical practices in all company as well as social activities. Pioneering spirit: The Company is mainly driven by the thirst of courage as well as knowledge for exploring places. Business processes ERP system is utilized within the company in order to manage the departments that are elaborated below: HR management system: The ERP system is mainly utilized for streamlining the human resource as well as capital information (Le and Han 2016). Financial accounting module: The module is managed for recording the expenditure, assets as well as revenue of the company with the help of the ERP system Customer relationship management: The ERP system helps in offering prober opportunity to the customers for boosting sales. In addition to this, ERP system stores proper information including addresses as well as contact details. Quality management module: It is identified that with the help of the ERP system the company monitors the tourism services that is provided to the customers (Shukla et al. 2016). Marketing management system: With the utilization of ERP system, the company helps in managing marketing campaigns. Billing and order management system: Billing as well as order management system is one of the smooth error-free ordering procedure that helps in improving the accuracy by eliminating errors due to the utilization of ERP system (Pai and Rane 2014). Enterprise controlling module: It is identified that ERP system is mainly utilized for controlling the enterprise by analyzing the success factors as well as performance indicators. Discussion of internal as well as external operating environments Internal operation environment It is identified that the company Thirsty Swagman manages the internal operation environment effectively by following appropriate management style. Some of the approaches of leadership which are utilized by the company include values of the employees, effectiveness of communication as well as both positive as well as negative nature. Due to proper internal operation environment, the company is able to maintain the following: Operations: The organization manages various operational as well as organizational operations effectively so that the customers can consider the company as reliable. Strategic risks: In order to maintain the internal operation environment within the company, the business appropriately manages strategic risks properly as this threat or risks can be able to later the way in which the products are perceived by the customers (Abdinnour and Saeed 2015). Innovation: The business generally requires innovation for competing properly in the market and it is mainly done with the help of proper promotional activities, marketing plan as well as staff training and welfare. Financial status: As an internal function, the organization manages the financial structure of the business which is dependent on the financial systems as well as on the business transactions. Risks associated with employees: The Company is able to manage the risks that are associated with the employees properly for maintaining the internal operation environment effectively (Shatat 2015). External operation environment The external operations of the company are as follows: Economic environment: In order to maintain external operation environment effectively, the organization manages sudden as well as short term changes in demand as well as impact on productivity, capacity and utilization. Competitor flexibility: The competitor flexibility is managed by the organization as external operation so that efficient and better quality of competitors faces pressure in delivering operation (Chou et al. 2016). Technological change: In order to manage the environment of external change appropriately, the technological change within the company is managed appropriately especially in markets where the lifecycle of the product is short. Legal and environmental change: Greater legislations and regulations of the environment generally help in placing new challenges for various operations and objectives in order to maintain proper external environment (Shen, Chen and Wang 2016). Identification of the problem for IS/IT The company Thirsty Swagman uses ERP system in order to manage the operations of the organization. In addition to this, with the help of the ERP system, the company is able to improved collaboration, saves money, attracts customers, improves financial condition and assists in simplifying regulatory compliance. However, in spite of the advantages there are number of problems that the company faces due to the use of ERP system. The problems that the company faces include: Improper ERP performance: It is identified that one of the biggest issue that the company face across is that after the implementation of in-house ERP, they generally require fair amount of power with appropriate efficiency (Chang et al. 2015). With increase number of customers, the company needs to invest much in servers which is considered an obstruction in the path of progress. Enhanced cost of operation: The In-house ERP system that is used by the company Thirsty Swagman generally required hardware in order to support it properly with knowledgeable staff for maintaining as well as installing it. It is identified that hiring of new staff for the company like Thirsty Swagman wont came at very much low cost. Limited access of information: The Company has only limited information access due to the use of ERP system and as a result it is found that the company generally struggles in order to find out the correct information (Tarhini, Ammar and Tarhini 2015). Less security: Due to the information system nature, it is quite difficult to manage internal security of data due to improper access of information. In order to make it secure, proper ERP accounts needs to be created. Justification for the choice of the proposed system and how the system support strategic goals of the organization Justification of the proposed system Cost benefits analysis Cost benefit analysis for the implementation of ERP system in Thirsty Swagman is provided below: Hardware $ 25,000.00 Software $ 2,000.00 Development team salaries $ 53,000.00 Training $ 16,000.00 Total Development Cost $ 96,000.00 Hardware $ 180,000.00 Software $ 600.00 Operational Labor $ 115,000.00 Total Operational Cost $ 295,600.00 Approximate salary savings $ 130,000.00 Reduced operating cost $ 2,400,000.00 Total Benefit $ 2,530,000.00 Discount Rate Used 5.00% Project Cost-Benefit Analysis Analysis Variables: Discount Rate Used 5.00% Annual Benefits $2,530,000.00 Annual Operational Costs $ 295,600.00 One-Time Development Cost $ 96,000.00 Year of Project 0 1 2 3 4 5 TOTALS Economic Benefit $0.00 $ 2,530,000.00 $ 2,530,000.00 $ 2,530,000.00 $ 2,530,000.00 $ 2,530,000.00 Discount Rate 1.0000 0.9524 0.9070 0.8638 0.8227 0.7835 PV of Benefits $0.00 $2,409,523.81 $2,294,784.58 $2,185,509.12 $2,081,437.26 $1,982,321.20 NPV of all BENEFITS $0.00 $ 2,409,523.81 $ 4,704,308.39 $ 6,889,817.51 $ 8,971,254.78 $ 10,953,575.98 $10,953,575.98 One-Time COSTS $(96,000.00) Recurring Costs $0.00 $ (295,600.00) $ (295,600.00) $ (295,600.00) $ (295,600.00) $ (295,600.00) Discount Rate 1.0000 0.9524 0.9070 0.8638 0.8227 0.7835 PV of Recurring Costs $0.00 $ (281,523.81) $ (268,117.91) $ (255,350.39) $ (243,190.85) $ (231,610.33) NPV of all COSTS $(96,000.00) $ (377,523.81) $ (645,641.72) $ (900,992.12) $ (1,144,182.97) $ (1,375,793.30) $ (1,375,793.30) Overall NPV $ 9,577,782.67 Overall ROI 6.9616 Feasibility analysis The study is generally conducted by the company in order to analyze that whether the project is possible under certain circumstances or not. It is identified that an economic feasibility study is generally done on the work for analyzing if the cloud based ERP system implementation will be completed within the budget that is estimated. The study is generally based on cost benefit analysis in the project with the return of investment of 6.9%. Discussion about how cloud based ERP system meets strategic goals of the organization The company Thirsty Swagman wants to meet strategic goals of the organization by resolving all the issues as well as challenges that it faces due to the use of ERP system for managing the functions as well as operations of the company. In order to resolve the issue, the higher management of the organization wants to implement cloud based ERP system (Sykes, Venkatesh and Johnson 2014). It is identified that the implementation of cloud based ERP system not only resolves the issues but also assists in providing greater availability, support, scalability, as well as improved security to the organization. The points that are elaborated below help in supporting the strategic goal of the organization and also assist in providing benefit. Decreased operating costs: If the cloud based ERP system is implemented within Thirsty Swagman, then the company needs to pay only a monthly fee which helps in cutting the cost of implementation to be far lower (Esendemirli, Turker and Altuntas 2015). It is identified that even the operating cost of the company will be reduced if the system is implemented correctly. Enhanced access of information: If the company Thirsty Swagman uses cloud based ERP system then the information will be easily accessed with the help of internet irrespective of time and place. This will be helpful in enhancing the overall business operation of the company by making accessing of information much easier also outside the office premises. Increased security: The use of cloud based ERP system within the company will be able to provide enhanced security over other types of options with many other providers who take different type of enhanced measures in order to make sure that the data on their solution is quite safe. Less requires resources: If cloud based ERP system is implemented within the company, then the company does not need to spent budget on any type of additional capital for networking hardware (Mukti, Tripathi and Rawani 2014). Scalability: It is identified that one of the main benefits of implementing cloud based ERP system is that, the system is quite easy for scaling services in order to meet the needs as well as requirements of the customers. System analysis and system design for the intended system System Analysis System analysis is considered as a procedure that is utilized for collecting as well as interpreting different types of facts, identifying problems as well as decomposing cloud based ERP system into number of its components. The procedure of system analysis is mainly conducted for studying the cloud based ERP system so that proper objective of the system can be identified (Nwankpa and Roumani 2014).This technique is generally considered as one of the problems solving technique as it generally helps in improving the operation of cloud based ERP system by ensuring that all its components are working efficiently within the system for accomplishing the purpose of the company. The system analysis is mainly undertaken for looking critically within the system for analyzing the benefits as well as challenges that is created due to the utilization of the system. System design The procedure of system design is undertaken for replacing the existing ERP system with cloud based ERP system by defining the various modules as well as components so that the new system will be able to meet the demands as well as needs of the customers. Before the planning phase, it is very much important to understand the working of the existing system so that proper focuses on the design of the new system will be created in order to meet the objectives of the company (Maas, Fenema and Soeters 2014). The system design procedure mainly focuses on the type of system, its processes as well as technology that is used. In this procedure, the architecture, modules, interfaces as well as data for a system that is used are illustrated. In addition to this, it is identified that the system design procedure helps in satisfying the requirements and needs of the business through the design or implementation of cloud based ERP system. Explanation of the system for its development, testing as well as implementation Development of cloud based ERP system The cloud based ERP system can be developed properly by following the step that are provided below: Design the hardware system: The hardware system that is necessary for developing the cloud based ERP system must be set up as much as possible. Designing test scripts: The test script must be designed properly by step by step process within a proper discipline and other with appropriate cross functional (Shatat 2014). Plan for transfer data: Proper planning about the transfer of data from legacy system to the new cloud based ERP must be done. Keeping log: Proper log must be maintained in order to keep all the discovered issues properly. Proper information about how and when they will be fixed is determined from the logs. Match with the environment: Proper match with the environment is generally made by continuing running tests, updating data problems as well as by setting the configuration switches (Walker 2015). Involving people: More number of people must be involved within the project so that they can learn about the issue that is not recognized by the core team. Designing report: Proper designing as well as testing of report is necessary for collecting as well checking information which is not present. Testing of the system The developed cloud based ERP system can be tested by utilizing the steps that are elaborated below: User acceptance testing: The user acceptance testing is done in order to identify any major issues that prior to the system go live. It is also considered as an opportunity to the users continuity before prior to the training of the users. Quality acceptance testing: It is identified that quality acceptance testing is mainly done by the departmental heads in order to analyze any quality related issues within the system (Mir and Pinnington 2014). Performance testing: This testing is generally undertaken in order to analyze the performance of the system and its impact on the organization. Implementation of the system The cloud based ERP system is implemented within the company Thirsty Swagman by following the steps that are elaborated below: Define ERP strategy: The step that is taken by the company for the implementation of ERP is to identify the needs as well as requirement of the company as well as its business objectives accurately (Turner 2016). Better utilization of resources: Implementation of cloud based ERP system will be helpful in impacting the entire cycle of business and thus it is advisable to involve all the project stakeholders within the initial stages so that the resources are properly utilized. Ensure tight control of the budget: The implementation of Cloud based ERP may require substantial investment and therefore company needs to control the budget properly. Develop performance metrics: During the implementation of cloud based ERP, the company needs to develop proper performance metrics for measuring the impact that is created by cloud based ERP. Discussion about post-implementation activities The activities that are involved with the post implementation of cloud based ERP within the company Thirsty Swagman is elaborated below: Review training: The training must be reviewed from time to time so that the adoption of cloud based ERP system must be done successfully. Establishment of system governance structure: The system governance structure is properly established by aligning the requests of the users (Kerzner 2017). When a proper governance structure is established, a method of initiation for judging as well as aligning requests. Maintenance plan: In the post-implementation phase, the company needs to create proper maintenance plan in order to maintain the implemented cloud based ERP system within the company. System evolution planning: It is quite important to keep the implemented cloud absed ERP system fresh as well as evolving for allowing the business to operate properly at peak performance (Sears et al. 2015). Discussion about project management, risk management and change management Project management Project management is defined as a discipline that helps in initiating, planning, executing as well as controlling the work of the team in order to achieve proper goals for meeting specific success criteria at proper specified time. The company manages the project by utilizing the steps that are elaborated below: Proper planning: The project manager must plan the project effectively by defining its goal and objectives (Too and Weaver 2014). The tasks that re related with the project must be defined by building the team effectively so that the entire project must be managed appropriately. Project tracking: The project must be tracked effectively so that the entire project must be completed within properly time and budget. Use of project management software: In order to track as well as schedule project, it is quite important to utilize proper project management software (Svejvig and Andersen 2015). With the help of the software both time as well as budget of the project is maintained Time management: Appropriate time management is quite important in order to complete the entire project on time. Therefore it is very much important to track the time of the project. Risk management Risks Description Impact Probability Mitigation measures Improper estimation of budget Due to improper estimation of budget, the project manager will face difficulty in completing the project on time (Heizer 2016). High Medium The budget of the project must be estimated by analyzing markets appropriately for cost of the materials. Improper management Due to improper experience of the project manager, it is quite difficult for them to complete the entire project on time and budget. Medium Medium Experienced project managers must be hired in order to complete the entire project on proper time and budget. Improper training to the employees Due to improper training, the employees of the organization are not able to operate the new system properly therefore training is quite important. High Medium Proper raining must be provided to the employees of the organization so that they can be able to work effectively (Lock 2014). Inaccurate planning Due to improper planning, it is not able to manage as well as track the project effectively and as a result the project will face number of obstruction in the path of progress. High High Proper planning is quite important for completing the project effectively on proper time and budget (Laudon and Laudon 2016). Change management Change identification Purpose Change analysis Change request approval Change tracking Appropriate training facility Proper training facility is provided so that the workers can operate the system effectively If the workers are able to work properly with the new system Project manager Weekly track must be kept to ensure that proper training facility is provided. Seminars for workers The seminars are generally arranged for providing information to the workers (Kerzner 2017). If the team members of the project have proper information about the newly implemented system Project manager Monthly seminars must be arranged for the workers. Implementation of management strategies Management strategies are generally implemented in order to manage the project effectively If the project is manage appropriately Project manager Proper track must be kept on the management strategies for ensuring that the strategies are appropriate for managing project (Walker 2015). Conclusion It can be concluded from the entire assignment that implementation of cloud based ERP system within the organization Thirsty Swagman is quite useful. Due to the implementation of cloud based ERP, all the challenges as well as issues that the organization faces have been resolved. In addition to this, it is analyzed that the use cloud based ERP helps in enhancing flexibility, scalability as well as security of the information and data. The paper analyzes system design as well as system analysis in order to implement the system effectively. It is identified that the paper elaborates steps that are quite important for the development, implementation as well as testing of cloud based ERP. Moreover, the paper analyzes the risks associated with the project and provides proper mitigation strategies for resolving the issues as well as challenges. References Abdinnour, S. and Saeed, K., 2015. User perceptions towards an ERP system: Comparing the post-implementation phase to the pre-implementation phase.Journal of Enterprise Information Management,28(2), pp.243-259. Chang, B., Kuo, C., Wu, C.H. and Tzeng, G.H., 2015. Using Fuzzy Analytic Network Process to assess the risks in enterprise resource planning system implementation.Applied Soft Computing,28, pp.196-207. Chou, H.W., Lin, Y.H., Lu, H.S., Chang, H.H. and Chou, S.B., 2014. Knowledge sharing and ERP system usage in post-implementation stage.Computers in Human Behavior,33, pp.16-22. Esendemirli, E., Turker, D. and Altuntas, C., 2015. An Analysis of Interdepartmental Relations in Enterprise Resource Planning Implementation: A Social Capital Perspective.International Journal of Enterprise Information Systems (IJEIS),11(3), pp.27-51. Heizer, J., 2016.Operations Management, 11/e. Pearson Education India. Kerzner, H., 2017.Project management metrics, KPIs, and dashboards: a guide to measuring and monitoring project performance. John Wiley Sons. Laudon, K.C. and Laudon, J.P., 2016.Management information system. Pearson Education India. Le, M.D. and Han, K.S., 2016. Understanding the Impact of ERP System Implementation on Firm PerformanceFocused on Vietnamese SMEs.International Journal of Software Engineering and Its Applications,10(9), pp.87-104. Lock, M.D., 2014.The essentials of project management. Ashgate Publishing, Ltd.. Maas, J.B., Fenema, P.C. and Soeters, J., 2014. ERP system usage: the role of control and empowerment.New Technology, Work and Employment,29(1), pp.88-103. Mir, F.A. and Pinnington, A.H., 2014. Exploring the value of project management: linking project management performance and project success.International journal of project management,32(2), pp.202-217. Mukti, S.K., Tripathi, P. and Rawani, A.M., 2014. Identification of factors and indicators for success measurement of ERP system.International Proceedings of Economics Development and Research,75, p.117. Nwankpa, J. and Roumani, Y., 2014. Understanding the link between organizational learning capability and ERP system usage: An empirical examination.Computers in Human Behavior,33, pp.224-234. Pai, A. and Rane, S., 2014. Development and implementation of maintenance management module of enterprise resource planning in maintenance of power plant.International Journal of System Assurance Engineering and Management,5(4), pp.534-543. Sears, S.K., Sears, G.A., Clough, R.H., Rounds, J.L. and Segner, R.O., 2015.Construction project management. John Wiley Sons. Shatat, A.S., 2014. Critical Success Factors in Enterprise Resource Planning (ERP) System Implementation Stages: An Exploratory Study in Oman. InInternational Conference Image Processing, Computers and Industrial Engineering, Kuala Lumpur, Malaysia. Shatat, A.S., 2015. Critical success factors in enterprise resource planning (ERP) system implementation: An exploratory study in Oman.Electronic Journal of Information Systems Evaluation,18(1), pp.55-89. Shen, Y.C., Chen, P.S. and Wang, C.H., 2016. A study of enterprise resource planning (ERP) system performance measurement using the quantitative balanced scorecard approach.Computers in Industry,75, pp.127-139. Shukla, S., Mishra, P.K., Jain, R. and Yadav, H.C., 2016. An integrated decision making approach for ERP system selection using SWARA and PROMETHEE method.International Journal of Intelligent Enterprise,3(2), pp.120-147. Supramaniam, M., Abdullah, A. and Ponnan, R., 2014. Cost analysis on ERP system implementation amongst Malaysian SMEs.International Journal of Trade, Economics and Finance,5(1), p.72. Svejvig, P. and Andersen, P., 2015. Rethinking project management: A structured literature review with a critical look at the brave new world.International Journal of Project Management,33(2), pp.278-290. Sykes, T.A., Venkatesh, V. and Johnson, J.L., 2014. Enterprise system implementation and employee job performance: Understanding the role of advice networks.MIS quarterly,38(1). Tarhini, A., Ammar, H. and Tarhini, T., 2015. Analysis of the critical success factors for enterprise resource planning implementation from stakeholders perspective: A systematic review.International Business Research,8(4), p.25. Thirsty Swagman. (2018).Thirsty Swagman. [online] Available at: https://www.thirstyswagman.com/ [Accessed 9 Jan. 2018]. Too, E.G. and Weaver, P., 2014. The management of project management: A conceptual framework for project governance.International Journal of Project Management,32(8), pp.1382-1394. Turner, R., 2016.Gower handbook of project management. Routledge. Walker, A., 2015.Project management in construction. John Wiley Sons.

Boutique Hotels Starting and Running

Introduction In the 21st century, the hospitality industry has thrived. Traditionally, there has been saturation of big monopolies of hotel brands, with their primary objective being provision of lodging accommodation for travelers.Advertising We will write a custom term paper sample on Boutique Hotels: Starting and Running specifically for you for only $16.05 $11/page Learn More A boutique hotel is a luxurious, personalized version of the traditional hotels whose focus is on the provision of a comfortable, intimate, and welcoming setting. According to Dubois (2010), the personalized service and design reflects the characteristics of the target market and is the distinguishing feature that categorizes a hotel as a boutique hotel. Boutique hotels were started in the early eighties, with two of the world’s first boutique hotels opening in 1981 – these two hotels are The Blakes Hotel in South Keningston, London designed by Anouska Hempel, and The Bedford in Union Square San Fransisco, now a series of 35 such hotels of the Kimpton Group (Dubois, 2010). Starting Up Location and Destination The most significant factor to consider when starting a hotel is the destination and location, although product quality, market demand, a well-defined marketing approach, and effective reservation coverage play a major role that contributes to the success of the business (Yanos, 2008). For a city destination, the location should be in a trendy neighborhood, central to other things that are going to complement the business. Indeed, good locations lead to guests’ loyalty and interest (Nickisch, 2011). A city destination attracts a diverse market from leisure, business, events, and conventions all week long. Ideal city locations are fashion centers, media capitals, cities with vibrant economies, and trendy residential areas. For a resort destination, the more the indigenous a location, the better, as this gives guests a chance to exp lore the local feel without sacrificing luxury. The hotel should be tucked well behind mountains, in valleys, deep in the jungle, near a lake or watering points in wildlife reserves or in deserted corners of islands. Indeed, the more difficult it is to reach the destination by conventional means, the more fashionable the location is considered (Yanos, 2008). The location is dictated by the destination; this defines the style, dà ©cor, and architectural design of the hotel and hotel rooms. It is generally a good idea to avoid areas that are too saturated with boutique hotels.Advertising Looking for term paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Financing Boutique hotels are a big investment, as their start up costs are quite high and the marketing is costly, as it needs to be continuous (Enz, 2009). The cost varies depending on the location, number of rooms, and the additional amenities in the premises. Buy ing an already existing property and renovating it to fit the desired design and needs is generally more cost effective than developing a new project from scratch. With limited finances, one should consider remote, scenic locations, suburban locations, or renovating an old city hotel in a transitional neighborhood, where property values are rising; this is not only cheaper, but it also has favorable future prospects (Yanos, 2008). It is not easy to find funding for boutique hotels, as non-branded lifestyle hotels are seen as a risky investment (Dubois, 2010). One can also consider partnership with an investment group that will help with the financing of the project be it building, or acquiring reposition, to the desired standard under agreed terms. This is particularly important because with the financial pressure reduced, one can concentrate on the quality of the project. Commercial loans, which are tailor-made to suit boutique hotel financing, are also a viable option although at a higher cost. Partnerships also play an important role in the financing of the business and the partners can vary from affluent hoteliers interested in new ventures to other businessmen. Architecture and Design The focus should be in style, distinction, warmth, and intimacy. There are no standards, but each design should fulfill individual needs. The right design, destination, and location determine the success of the hotel (Yanos, 2008). The location determines style and materials used, be it stone, timber or even logs. The hotel should be designed to reflect or blend with the area, taking advantage of what the area has to offer. For instance, beach resorts may take advantage of the oceanfronts and water for swimming or creating swimming pools using salty water, or log cabin rooms in the wild to blend in with nature. Successful resort boutique hotels unite traditional architecture with the comfort of luxury and modernization without losing the personality of the local community. T he design should have a theme, and the selected theme should attract all senses (Dubois, 2010). Different themes can be incorporated in different rooms to create a personal touch that appeals to individuals.Advertising We will write a custom term paper sample on Boutique Hotels: Starting and Running specifically for you for only $16.05 $11/page Learn More The target market, which is usually between early 20’s to mid 50’s mid- to upper-income groups, should be represented and the style and design should describe their characteristics. Skilled operators in the boutique segment increasingly use psychographics to understand and define their customers. Psychographic is a marketing classification used to define customers by attributes such as lifestyle, aspirations, interests, attitudes, and beliefs. For example, Joie de Vivre hotels- create each of its hotels around a reader-base of a popular but specialist magazine such as Rolling Stone. This is the theme behind their first hotel, The Phoenix, which opened in San Fransisco in 1987 (Dubois, 2010). Themes could be romance, music, wildlife, historic details, or fashion. The lighting, colors, music, or art can be used selectively to appeal to all senses and create a feeling of intimacy (Yanos, 2008). The idea of a boutique hotel is entertainment in its own nature; hence, the exceptional themes and visually spectacular decorations are a necessity. Amenities In the hospitality industry, the primary goal should be getting people to become regulars, hence the emphasis should be more on service than on the amenities; however, luxury is necessary (Stellin, 2007). Plan the amenities to meet the needs of the target clientele while at the same time defining the hotels’ niche. In addition, it is important to invest in fine furnishings, comfortable beds, quality artworks, fine linens, good quality toiletries, extra pillows, and comfortable chairs (Atkinson, 2007). Small things m atter to clients and hence there is need to pay attention to the fine details that make the whole difference in a room. Regardless of the comfort, luxury, and style, one should compete at a practical level, hence the need to have current trend amenities such as Wi-Fi internet Flat screen plasma televisions Cable television networks Air conditioning, traditional spa services Rose petal baths Fitness facilities Bar and grill Excellent food These should be available to provide a competitive edge (Stellin, 2007). Moreover, the investor should always aim and be willing to go an extra mile in order to attract and retain clients with complementary packages such as honeymoon packages, wine and champagne art and painting sessions, guests’ favorite CD collection, and buffet breakfast. Service The common feature that all boutique hotels have is the emphasis on quality service that is personalized in a professional manner. The approach and attitude, but not the size, defines a boutique hotel (Dubois, 2010). The stay-to-guest ratio should be high in order to cater for every possible need that a client may be having.Advertising Looking for term paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This may means a high payroll, but it pays off in customer loyalty and the clients do not mind paying extra for the comfort. Lastly, it is important to allow the staff to memorize guest names and encourage friendly interaction to make the guests’ stay memorable. The staff of a boutique hotel should predict or know in advance, the needs and requirements of the guests and deliver to their guests’ expectation (Griffin and Moorhead, 2009). Marketing Develop a high-quality product to appeal to an understanding clientele (Tisch, 2007). Simply, it is the experience and image that are sold, rather than the product itself. Marketing an independent boutique hotel has financial and other resources restrictions because marketing needs to be continuous (Dunne, Lusch, Carver, 2010). A clear, interesting message should be conveyed to the target group. Story development is very important, which relates back to the special nature of experience, or location, or the history behind the c reation of the hotel. Nevertheless, the story must be delivered through effective and affordable channels such as direct mail or direct sales groups, allied marketing, affinity group travel planners, and public relations through press (Yanos, 2008). Legal issues affecting boutique hotels When starting and running a boutique hotel, a number of regulations define its operations. According to Sherry (2001), these include but are not limited to legal status, legal liabilities, providing services to disabled people, employee rights, intellectual property (for example business names, inventions and copyrights), and trading standards, terms and conditions. Others include record keeping, national/local laws, regulations and bylaws, health and safety, fire regulations, planning/ building permission, contracts, duties and responsibilities, regulatory bodies, sources of advice, resolving problems, and the environment. Health and safety: The investor is responsible for the effect his business m ay have on the health and safety of his employees and members of the public. One needs to register with the local authority to comply with the law. Liquor and gaming licensing: Liquor and gaming licensing are both subject to considerable regulation under national laws. Different types of liquor licenses exist to regulate different types of alcohol services. It is therefore important to ensure that the correct license is obtained, and that the license is varied or replaced as necessary where the activities and nature of alcohol service change. Moreover, venue operators must ensure that the appropriate license is held with respect to gaming machines (O’Fallon Rutherford, 2006). Franchising: Boutique hotel businesses are mostly operated as franchises. This provides the hotel operators an opportunity to establish a business, which is part of a recognized brand, and to enjoy the support of the franchisor in assisting with day-to-day issues, which can arise in the running of any h ospitality business. In operating as a franchise, it is important to have a clear understanding of obligations that exist under the franchise agreement with the franchisor. The Franchising Code of Conduct operates to regulate the terms, which may form part of the franchising agreement including how the franchise agreement may be terminated in the event of a breach. Business structuring and succession planning: The effective structuring of any business is critical to ensuring that assets of the business and its owners are protected and that the taxation and other liabilities of the business are minimized. Where a business has multiple owners, regardless of whether the owners are related, it is important that the owners enter into a partnership agreement or shareholders’ agreement to document each person’s rights and obligations. This helps to avoid possible disputes, which can be crippling on a business. Over time, as the business grows and the nature of the services pr ovided by the business changes and develops, it is important to ensure that the structure of the business also remains relevant and effective (O’Fallon Rutherford, 2006). Fire precautions: A fire certificate is needed when running a hotel business and this requirement must be met before the hotel starts running. The Environment: There are environmental regulations that apply to boutique hotels in order to protect the environment. The use of refrigeration or air-conditioning equipment, fire equipment, or solvents for cleaning and production of packaging waste makes the hotel liable to some tax. Employees: Employees’ legal rights must be protected. If taking over an existing business, one must usually keep the existing terms and conditions of employment. Buildings: One must take action if a new building or change of use is involved and when existing premises requires structural alterations. In either case, the local authority should be contacted in order to comply with the standing orders. Intellectual property: Intellectual property describes things such as business names, patents, and inventions. One should protect the company name and logo, along with any inventions, product designs, or copyrights (Sherry, 2001). One should also respect other people’s intellectual property rights. For example, one cannot use the same name as someone else doing similar work in the location/town. Keeping information about people: Boutique hotel business involves keeping information about people, and therefore, one has to be careful about the sort of information kept and how it is used. One needs to register to keep such information on computer because of public concern about personal privacy in the face of rapidly developing computer technology. To keep such information on a computer legally, one may have to register. Benefits of boutique hotels The success of boutique hotel depends on its ability to target appropriate customer groups, cater to their needs , market itself through effective channels, and consistently deliver on the expectations of the clients, created through the marketing efforts. Outsourcing of food and beverage outlets to branded restaurateurs and bartenders means that the hotel benefits from pure income arising from space letting. The boutique hotels enjoy strong customer demand and favorable economics. The hotels can survive without restaurants, ballrooms, meeting spaces, although the presence of these amenities, in the appropriate style, is profitable (Yanos, 2008). Boutique hotels tend to have a higher percentage of repeat business compared to the industry in general, as they have become the preferred choice of affluent young travelers who are seeking an experience, rather than a commodity. However, continued adaptation to changing needs, tastes, preferences, and fashion is needed in order to remain competitive in the flourishing boutique hotel market (Yanos, 2008). Conclusion Boutique hotels have restored the h otel business to its glorious past. Because they are far more flexible in style and location, they are more successful, moreover, their success lies within the creative talent of their developers, and their ability to attain the visibility needed to make it on the world map of global travelers. References Atkinson, C. (2007). Style Makeover at hotel Aims to Dress up the guest experience. Web. Dubois, L. (2010). How to Start a Boutique Hotel. Web. Dunne, P., Lusch, R. F., Carver, J. R. (2010). Retailing. OH: Cengage Learning. Enz, C. A. (2009). Hospitality Strategic Management: Concepts and Cases. NJ: John Wiley and Sons. Griffin, R., Moorhead, G. (2009). Organizational Behavior: Managing People and Organizations. OH: Cengage Learning. Nickisch, C. (2011). Hotel Building Boom focuses on boutique. Web. O’Fallon, M., Rutherford, D. G. (2006). Hotel Management and Operations. NJ: John Wiley and Sons. Sherry, J. E. H. (2001). Legal aspects of hospitality Management. NJ: John Wi ley Sons. Stellin, S. (2007). Hotel as a lifestyle.  Web. Tisch, J. M. (2007). Chocolates on the pillow aren’t enough: reinventing the customer experience. NJ: John Wiley and Sons. Yanos, M. (2008). Boutique Hotels: Owning, Operating and Investing. Web. This term paper on Boutique Hotels: Starting and Running was written and submitted by user Darnell Puckett to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Free Essays on Modern Christianity

Now a day too many people are loosing their focus in life. We have heard that people are committing suicide everyday around in our community. In many of these occasions, religion has played a big role in saving many of these victims from the overwhelming pressures of our society. Religion has acted as a shelter that provides a peaceful environment and hope for guidance for these lost victims. Among that, becoming a Christian is what many have sought for. Two years ago, an eighteen years old high school friend of mine who is a typical American teenager lived in a perfect family of four had tried to commit suicide. It was astonishing when I found that he almost killed himself after he broke up with his girlfriend of six years. He simply thought that it was the end of the world when this had happened to him. He thought that his life would be no longer important and meaningful to this world. Luckily, at the very last moment of killing himself, his friend saved him. It happens that his friend knocked on the door of the bathroom at the right moment while he was trying to cut through his own wrist. After talking with this friend, who happened to be a Christian, he told him that there was a lot more in life that he should hold on to. He was then convinced that he could find what he had lost and would be able to realize how valuable a life is by becoming part of the big family, Christian, that is. He then became a born-again Christian ! in the following weekend. My friend although knew absolutely nothing about Christianity and he had never even read Bible, finally joined the big family. Another friend of mine who happened to be a really mature guy, living in his early 30^s had realized that he was diagnosed with prostate cancer and was being told that he would not live longer than 2 years. Before he got this disease, he used to be really energetic and hopeful for everything that he did. After realizing how much ... Free Essays on Modern Christianity Free Essays on Modern Christianity Now a day too many people are loosing their focus in life. We have heard that people are committing suicide everyday around in our community. In many of these occasions, religion has played a big role in saving many of these victims from the overwhelming pressures of our society. Religion has acted as a shelter that provides a peaceful environment and hope for guidance for these lost victims. Among that, becoming a Christian is what many have sought for. Two years ago, an eighteen years old high school friend of mine who is a typical American teenager lived in a perfect family of four had tried to commit suicide. It was astonishing when I found that he almost killed himself after he broke up with his girlfriend of six years. He simply thought that it was the end of the world when this had happened to him. He thought that his life would be no longer important and meaningful to this world. Luckily, at the very last moment of killing himself, his friend saved him. It happens that his friend knocked on the door of the bathroom at the right moment while he was trying to cut through his own wrist. After talking with this friend, who happened to be a Christian, he told him that there was a lot more in life that he should hold on to. He was then convinced that he could find what he had lost and would be able to realize how valuable a life is by becoming part of the big family, Christian, that is. He then became a born-again Christian ! in the following weekend. My friend although knew absolutely nothing about Christianity and he had never even read Bible, finally joined the big family. Another friend of mine who happened to be a really mature guy, living in his early 30^s had realized that he was diagnosed with prostate cancer and was being told that he would not live longer than 2 years. Before he got this disease, he used to be really energetic and hopeful for everything that he did. After realizing how much ...

Midterm Assignment Example | Topics and Well Written Essays - 2500 words

Midterm - Assignment Example For this reason, as per the market research organization named as IDC (Burrows 28-34), the never ending diversity of mobile application development has facilitated iPhone to quickly gain 14% of the market share with comparing to 3.5% market share of Android. However, mobile application developers highlighted an issue with the pay they receive against their work, as they were not able to make money (Burrows 28-34). The reason for this issue is the freeware available on the Internet and the applications that are purchased are very few worth 99 cents or more. Few of the mobile application developers embedded advertisements in their application and gained benefits. Again, the scope of these advertisements was limited, resulting in less effective outcomes. In order to address these issues, Apple Inc. suggested several factors or ways employing user data and geo-location technology for making advertisement legitimate. For instance, if the user is surfing the web at lunchtime, he/she will s ee an advertisement on special deals for a restaurant nearest to the location (Burrows 28-34). In this way, the gadget, i.e., the iPhone capabilities, can also be utilized effectively. By taking this new approach forward, Apple Inc. recognized that there is a requirement of a network for advertisement agencies along with the technology for focusing and targeting specific advertisements to customer behavioral characteristics (Burrows 28-34). Similarly, by the end of 2009, Apple Inc. participated in the bidding for AdMob that is a leader in mobile advertisement sector (Shah and Shah 437-438). As a result, almost 50% advertisements were broadcasted on smartphones ended on Apple gadgets including iPhone and iPod touch, as iPod touch is also compatible to execute apple applications (Burrows 28-34). However, prior to complete the bid, Google Inc. that is considered to be the tough competitor for Apple Inc. announced an astonishing amount of $750 million for the organization. Apple Inc. qu ickly turned the decision from AdMob to Waltham (Mass.)-based Quattro Wireless, which is considered to be the closest competitor for AdMob (Burrows 28-34). However, in order to achieve business goals and maintain the competitive advantage, Apple Inc. defines its Information and Communication Technology (ICT) infrastructure as: The primary objective is to lodge all the key stakeholders has been resolved Consolidated and Centralized ICT management with distributed activities Ease of Development and deployment of technologies Sharing information among different stake holders and to make them familiar with ICT Cost effective ("Shri Jagdamba Samiti") Moreover, apart from the ICT infrastructure, Apple Inc. also maintains a data warehouse containing valuable data that can facilitate advertisement business. Apple Inc. knows exactly the type of downloads requested from iTunes that may not be limited to apps, video, podcasts and comprehensive information of customers (Burrows 28-34). This upd ated customer knowledgebase enables the organization to customize its advertisement on the basis of the user preferences available in the database (Burrows 28-34). Moreover, Quattro’s ad-serving technology is also incorporated for gaining customer behavior patterns. This technology is also facilitating Netflix, Procter & Gamble and other global leaders. The customer behavior patterns provide circumstances for any customer who interacts with any one of the advertisement links or

Human Resource Management Essay Example | Topics and Well Written Essays - 2500 words - 15

Human Resource Management - Essay Example or recruiting able and established staff is very much there since every organization or company for that matter wants to achieve efficiency and effectiveness when it comes to getting the things done in a quick manner. There are instances when employees have been known to prolong things just because they do not feel to be in the mood to do so. This is a definitive statement on the part of the employees that they were recruited wrongly at the time of their hiring and the organization did indeed make a mistake in choosing such a worker over other options that were available to it all over the world. It has been seen that at times, the top line personnel present in offices delegate jobs and assignments to their sub-ordinates without even thinking that the same might not be the correct manner and mode of action as to go about carrying out the tasks and responsibilities. They think that delegation would prosper a sense of getting more work within the sub-ordinates who themselves are pretty much occupied with their already assigned tasks and jobs. This is hence not the correct manner in which things should be done and hence a need has to be chalked out to ramify the very same problem. The best possible diversity that could be made in this regard is to appoint top line managers who understand the psyche of the people working under him or her or on the same level as his so that he or she can get a grasp as to what employees usually are best suited at and what they do not prefer under certain strenuous conditions in the office place environment. As a consequence, being able to do more work is definitely considered a plus and an added advantage for an employee but this should not, under any level, exceed his or her capabilities and skill sets. He or she must be assigned the amount of work which is proportionate with his or her pay, already set working conditions and more so the skills on the basis of which he or she was selected in the first place. Diversity therefore could

Situation analysis and market plan for a UK bank

Situation analysis and market plan for a UK bank In UK I am working in a Harvest bank and I have to prepare a business plan for a bank in the situation when there was global recession in the country and now banking industry is coming out of recession. There are a lot of opportunities in the current market because new businesses are growing, new migrants are coming in the country specially students, many Europeans are also coming because of the recovery toward stability in the country. In this situation many sole proprietors and partnerships are taking place many people want to start business. There is an opportunity for banks so our bank can take benefits from this situation by launching an online bank because of the intervention of technology in banks which are reducing the costs, giving competition and tough time to every business so a banks. UK market analysis In a report from Office of National Statistic in opinion survey in August 2010 it was stated that about 30.1 million of adults uses the internet every day which is approximately 60% of the total population. The number of persons who never used the internet is decreasing day by day in every year about 9-10 million user adds in previous years. The number of person who bought the goods or services from online source was about 31 million in last year. This figure represent about 62% of all person who are above the age of 16, mostly people purchased sports and clothes from online. There was about 73% internet connection in houses for total house holds which is almost 19.2 millions houses. People use more internet connection in London than outer / other part of the London. Large numbers of people especially teenagers use internet for social networking websites like Facebook, twitter, Bebo, Twitter, Yahoo, Hotmail and others. So UK market is use to of the internet so they can also use internet online bank account because of the shortage of time, 24 Hrs banking, and all banking facilities through online. You can do online purchasing and check the banking transactions simultaneously. Time saving is a key factor for these types of banks and banking transactions, bank can reduce cost for its operations. They can give competitive edge in facilities as compare to there rivals and create a bench mark in the banking industry. Product and Technology Analysis In product and technology analysis, our Harvest bank is introducing manly two product in the UK market which are online direct deposit product and online residential mortgagees lending product which are very easy for Harvest bank to manage. These are the introductory products besides these we will launch other more products completion of the introductory phase of the above mention products. Customers want to get more and more facilities from new companies at a competitive price as well as new products with innovative features. From technological perspective in UK, it is well establish and there is well develop infrastructure which is capable of handling these types of business products. As we mentioned above that the technology is very cheap in the country, telecommunication sector is developed which is the basis of online banking because bank has to provide online and telephoning banking facilities so it is good for the new harvest online bank. The technology and telecommunication sectors are interlinked with each other in UK both sectors are well equipped and have a good technological infrastructure. Environmental Analysis In environmental analysis we will analyse both internal and external environmental analysis of the bank. by doing this we will be know that what strategies we will be need to achieve our objective / goal in the banking industry because of the competition in the banking sector. External Analysis In external analysis we our bank will look on the broader prospect and external environment out side the organization which will be helpful for our bank for making strategies efficiently and effectively. Political The political situation of the UK is stable, country is coming out of recession, govt and investors are investing in the country especially in stock market and financial market. FSA ( Financial Services Authority ) is making new policies for money laundering activities, customers satisfaction, quality services from banks, banking industry growth, and safe guard of depositors interest and the money. Soon when BASEL III will launch than there will be more regulatory policies for banking industry so it is better to launch bank now because the conditions and circumstances are good for launching a bank in UK now a days. Social, Demographic Cultural Social and Culture of the UK is mix people belong to different demographic sectors so there cannot be a universal rule or policies for the customer. We should be aware of the fact and formulate those policies which are beneficial for all public at large, which cover all the sector of the society. There is about 61 million population of the country, both male and female work together with about 55 and 45 respectively. There are equal opportunities of employment for every one. Every one is independent in this country so there are more opportunities for opening a bank account because people use to surf internet every day about 60% of the adults use internet every day which is lot so people will like to use online baking facility. Now days almost every one has mobile internet facility or smart phones which can enable customers to check web sites and internet on their phones which is good banks and customers. Economic The Economic situation of the country is making progress because of the fiscal and monetary policies of the country. Although the county was in the bad recession period of the time but now it is progressing toward recovery which is good for the country, banking industry is playing very important role in it by investing the economy which is the need of the time. In UK there is more import than export so there is deficit in balance of payment which is negative for the country. Although county more export is services, technology, machinery and innovation, but is not enough for the country because there is less productivity or industrialization in the country. Technological The technology of the UK is advance which is helpful for launching our online bank and its products. There is modern telecommunication system in the country which is wireless and fibre optic cables system. In banking industry there is IBAN and SWIFT code system exist which is very helpful for international banking. The infrastructures of ATMs exist in whole country which allow customer to withdraw their money at any time for their convenience, now in most of the banks there are ATMs machine which allow customers to deposit money in machine instead at the counter. Modern infrastructure of internet is very advance in the country which is top most requirement of the online banking. Market UK market consists of Govt. Semi govt. Public, private, corporate, insurance companies, teachers, students, self employed, job seekers and national residents. By the law of the country it is required by the companies, govt. Corporate entities, partnership firms and sole proprietors to have a bank account and do business transactions through banking channel, because they have to show in their business transaction for VAT, income tax return and companies house return that their business transactions are through banking channels. Thus online baking service will provide them a better and clear cut picture of business transaction and their needs. For employees they can get salary direct to their account which they can use for their needs. They have 24 hour access to their account transactions, any one can do banking at any time they dont have to wait for the opening hours of bank. Competition The UK market is well educated because more people are educated. The people already have a knowledge of online banking because there are different competitor in the market, main competitors are ING Direct, Metro and HSBC Direct other are Lloyds, Barclay, Natwest, Hlifax, Santander etc. Now in UK almost every bank is providing online banking facility but they have speciality in different fields but the ING Direct and Metro are main bank who are primarily in online banking. Metro was lunched just recently about one year ago and it is doing well so metro bank is our main competitor in online banking with recent launch, we should be aware of it. Besides these competitors there are many other competitors in the market like credit card companies and insurance companies. All of these companies are accepting deposits and providing traditional banking facilities like virgin group of companies it comes in insurance, banking and credit card. There are many other companies which are providing services which banks provide so there is more tough competition in the banking industry. Swot Analysis For SWOT analysis we have to look at the company internal and external environmental factors. In internal environmental factors we have to look at the bank from inside perspective i.e. management, organization it self, its policies / Strategies, human resource, bank infrastructure and customer satisfactions. Strengths Our Harvest bank already exists in the banking industry so it is our strength that our brand name exists in the industry customer and general public know our bank. There are a lot of customers in our existing bank which are helpful for our new banking product which will suit our existing and new customers. Our organizational structure is flat which is very helpful in decision making and efficiency of the organization. Most of our bank staff is young and energetic, they have the require capabilities and training for new technology and system which is progress, all staff is fully motivated. We have local staff in every city and town, who can attract the local customers. We have the best technological infrastructure for online banking requirement. Safety and security of the banking software is very high because they have the strategic alliance which top software manufacturing company of the company. Weaknesses Our staff is young they dont have much exposure of the competitor, customers and banking which can lead to poor performance and effect our reputation and high standard of service. We have a lot of competitors which are international and bigger than us, they have research department and more qualifies staff who can deal with legal, operational, technological and other changes. Our competitors have more correspondent banking relationship for foreign exchange business, we are not familiar with this so it will be difficult for us in this tough competition. Opportunities Harvest bank is well known in the eye of customers, govt. public and private sector so our products of online deposits and online mortgages will be easily taken by the customers. Country is coming out of recession, customers have not sufficient fund for deposits but we can take money from international financial market and invest in online mortgages services. In recession property prices went down now people are again investing in houses for save and secure investment purpose. It is good time for us to invest in mortgages for the persons who have less money for house by providing them competitive rate on property mortgages at the basis of credit rating / score of customer. Govt is encouraging house holder to remain in their property and providing them financial sport for mortgage instalment, it is save and secure investment. The competitive rates and pricing of the products provide us better image in the eye of the customers and we can attract customers. There is more scope for our bank to advertise through electronic media and create awareness of our product and services to attract customers. The tourism industry of Europe and UK is increasing alot of students, investors and migrants are coming which could be prospective clients for our bank for money depositing. In upcoming years there is more advance technology in banking when there will be no paper money and all the transaction will be through banking / online, we should be prepare for it. Threats Some clients still want to do business with our competitors Source: Office of National Statistic Opinions Survey Statistical Bulletin: Internet Access 2010 www.statistics.gov.uk/pdfdir/iahi0810.pdf http://www.statistics.gov.uk/cci/nugget.asp?id=8