Project Risk Management - Free Essay Example

Sample details Pages: 2 Words: 650 Downloads: 10 Date added: 2017/09/17 Category Management Essay Type Argumentative essay Tags: Risk Essay Did you like this example? Week 2 Case Study Project Risk Management The need for this project is due to the decision by Ajax to upgrade their software system and they are uncertain which would be the best method to proceed. The goal for Ajax is to automate their production planning and control system. While the case study does not clearly state the reason it is safe to assume that the new system would be expected to increase productivity and maintain control of the production system. Ajax has chosen two options that they would like to pursue and each option has its own risks associated with it. The first option is to purchase an off the shelf software system that can be modified to meet the needs of the business and the second option is to have the software custom built to the standards that Ajax requires. The off the shelf software system represents a relatively low development risk and could be the more financially sound decision. When buying COTS systems the development time is substantially red uced so the time to market is much less than a custom built package. The company that supports the COTS software would also be able to provide technical support for the product and resolve any issues that are discovered in the testing phase. This brings up an important factor as well when choosing which vendor will be selected for the purchase of the COTS software, as the company should be reputable and have a strong history of positive feedback from other users or companies that it has done business with in the past. Another potential drawback to the COTS software is its adaptability to the company’s current computer systems as this new system may require additional hardware to be purchased in order to operate the system. Since this programming is COTS there will also not be a lot of opportunity to customize the package for the future needs of the company so it may be a short term solution that may need to be repeated after a few years and the business needs change. A positive is that COTS systems are often written to be very user friendly so the time it would take to train the operators would be considerably less than a custom software package. A custom build software package should be considered as a higher risk option but it may be the best option for the future of the company. The development of custom software takes a considerable amount of time to market since the scope of the project is often changing and new options are constantly being requested but it allows Ajax the opportunity to look at the future of where the production system is heading a have tools developed that will allow them to include these items in the development. In order to roll out a custom built package like this the company must also consider the process it will take to install the software and hot it is tested so as not to impact the entire company. When the new software is installed and rolled into production there may also be an adjustment period of the operat ors of the software based on the complexity of the programming and how user friendly the system is. The project should also take into consideration the input of the end users in the development phase in order to assure their buy-in when the final product is delivered. Given the information provided I would select the new development option of a custom built system. This new system would be a tremendous opportunity for the company to grow in the future and have a competitive advantage based on their technologic advantage. If the project suffers a failure the company would still be able to look into the COTS package as a backup plan for the upgraded system and could still meet the budget requirement if both options are pursued. Don’t waste time! Our writers will create an original "Project Risk Management" essay for you Create order

Martin Luther King And Malcolm X - 1424 Words

During the 1950s and 1960s, racism was a patent fact in American society. And it is that United States was impregnated by the scorn and rejection toward the black man, having this contempt its maximum expression and support the racist organisation Ku Klux Klan. As consequence of racial segregation, the rights of people of color were strong mind clipped by some laws, forcing them to eat in different places, sit in seats determined within the public transport, and even being forbidden to enroll in certain universities. A clear example of this is the famous incident suffered by Rosa Parks in Alabama, when he refused to sit on the site that was inside the bus.While slavery had been abolished nearly a century earlier, the black race was still being treated as an inferior species.Selected speeches symbolise the struggle that took place during the 1960s in order to transform this situation, in favor of an egalitarian society. They were promulgated by Martin Luther King and Malcolm X, leader s of this movement, that despite having the same aims, its methodology for achieving them was radically different. While King advocated nonviolence and peaceful means, the attitude of Malcolm X was much more radical, making a common trait of aggression. Both leaders used the speech as a way to spread their ideology. In the problem is still here, mainly, what Malcolm X wants to convey to your audience is that the racial problem has not been solved with the passage of time, while PresidentsShow MoreRelatedMartin Luther King and Malcolm X1715 Words   |  7 Pagesautomatically come to their minds, Martin Luther King Jr. and Malcolm X. While both these men had very different views and ideas, they also shared similarities. Part of the reason for their different views was because one was in the South and the other was in the North. Martin saw a Dream that could be fulfilled in the South and Malcolm saw a Nightmare, which would never end in the North. Martin and Malcolm were raised in very different homes. Martin Luther King Jr. grew up in Atlanta; his familyRead MoreMartin Luther King And Malcolm X988 Words   |  4 Pagesand why the way we are today. Martin Luther King and Malcolm X are two very great examples and representations for this. What people do not realize is that there are a lot of similarities and differences between Malcolm and Martin. Martin was born and raised as a middle classes men and was extremely educated. On the other hand, Malcolm was not raised like Malcolm at all. Malcolm grew up in a deplorable environment and no school was around for Malcolm. Martin believed that violence was neverRead MoreMartin Luther King And Malcolm X1171 Words   |  5 Pages Martin Luther King and Malcolm X were pioneers in America’s Civil Rights Movement, with the goal of protecting and developing the black community. They wanted to achieve the same goal but, with very different approaches. While King was more of the â€Å"peaceful protesting† type, X was the â€Å"eye for an eye† type, in the beginning of his journey. Both of these men demanded respect and acquired it. Their wives Coretta Scott King and Betty Dean Sanders took over their legacies after their passingRead MoreMartin Luther King Vs Malcolm X1436 Words   |  6 PagesSelene Sandoval Professor Solheim History 108 CRN # 20244 16 October 2016 Martin Luther King VS Malcolm X Ronald Regan once said: â€Å"Freedom is never more than one generation away from extinction. We didn t pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.† In fact, American history has had a great deal of leaders that brought change by improving the lives of others. These leaders introduced new ideas, models, and theories toRead MoreComparing Martin Luther King And Malcolm X917 Words   |  4 Pagescontrast Martin Luther King and Malcolm X. Martin Luther King and Malcolm X were both civil rights leaders during the 1960s, but had different ideologies on how civil rights should be won. Both men were also deeply religious, but followed different religions and paths. The Great Depression never ended for African Americans; while others enjoyed an economic recovery, Black unemployment rose. Martin Luther King says that economic inequality in America became particularly obvious in 1963 (King, 23).Read MoreMartin Luther King And Malcolm X Essay882 Words   |  4 PagesMartin Luther King Jr. and Malcolm X were two freedom fighters who shared the same goal, which was freedom, justice and equality, but differed in their methods. Martin Luther King, Jr. meeting Malcolm X in the U.S. Capitol, 1964., 2017 Radical reform made sense to King while rejection and revolutionary rage made more sense to to Malcolm X (Waldschmidt-Nelson and Waldschmidt-Nelson, 2012). Dr. King was a Baptist minister who believed in the equality of all people beforeRead MoreMalcolm X And Martin Luther King Essay1131 Words   |  5 PagesWhen it comes to the American Civil Rights Movement, Martin Luther King Jr. has often been portrayed prominence. Though this is true, the Civil Rights Movement involved other activists like Malcolm X, Rosa Parks, Andrew Goodman, etc. Who all contributed to its success. Racism has always been a problem right from the United States’ creation. It involved discrimination and segregation of non-white races, and refusal to recognize and protect non-white citizenship rights enumerated in the constitutionRead More Martin Luther King And Malcolm X Essay606 Words   |  3 Pages Martin Luther King Jr. and Malcolm X had a common purpose for African Americans; justice and equality. Illustrated through their speeches, Martin Luther King Jr’s â€Å"I Have a Dream† and Malcolm X’s â€Å"Talk to Young African Americans†, the two did not share techniques or ideas. Yet both men had the support of millions and millions of people. One of the worlds best known advocates of non-violent social change strategies was Martin Luther King Jr. He synthesized ideals drawn from many different culturalRead MoreMartin Luther King Jr. and Malcolm X1491 Words   |  6 Pagesinfluence of this period. Two strong leaders from this era were Martin Luther King Jr. and Malcolm X. Martin Luther King Jr. made a bigger impact on the population than Malcolm X because of his speeches, beliefs, direct and peaceful activities, and the effect his death had on the population. Martin Luther King Jr.’s belief was that people of all colors, including both blacks and whites, could live in eternal peace and equality. King believed that â€Å"an unjust law is no law at all† (Dinar, par.12)Read MoreMartin Luther King Jr. And Malcolm X Essay836 Words   |  4 PagesWithout Martin Luther King, there is no Malcolm X. Without Malcolm X, there is no Martin Luther King. There couldn’t have been one without the other. They were complete opposites; they were two of the most different men. Nevertheless, they were fighting for the same thing. They were fighting for the civil rights of African Americans in a country thought to have been based on â€Å"freedom† and â€Å"equality†. These two men were brave enough to stand up for what they believed in, for what was right. They were

Hamlet The Theme of Having A Clear Conscience Essay Example For Students

Hamlet: The Theme of Having A Clear Conscience Essay Hamlet: The Theme of Having A Clear ConscienceThe most important line in Hamlet is, The plays the thing, wherein Ill catchthe conscience of the king. (II, ii, 617). In the play, the issue of a clearconscience forms a key motif. When the conscience of the characters appears, itdoes so as a result of some action; as in the case of the aforementioned line,which follows Hamlets conversation with the player. This line is of particularsignificance because it ties action and its effect on the conscience of thecharacters. The nature of Hamlet is conscience, and action plays an importantrole in creating the development of the plot. No where is this development seen clearer than with Hamlet. The Princesdevelopment comes as a result of the self-evaluation of the actions that havetaken place, and the ensuing actions that he takes are a clear result of thisself-evaluation. So, in essence, the actions cause him to think of hisconscience and then act upon these feelings. Hamlets several soliloquies are atestament to this method. His first soliloquy, following a conversation withhis recently wed mother and uncle reflect the uneasiness he feels. He feelsbetrayed. O, most wicked speed, to post, with such dexterity to incestuoussheets. . . but break my heart, for I must hold my tounge. (I, ii, 156-159). Hamlets conscience tells him what is wrong-in this case, the hasty marriage-buthe is ambivalent as to how to approach it; before he meets the ghost, silence ishis method. When Hamlet meets his fathers ghost however, he feels sure ofhimself, and knows what he must do. As a result of the dialogue with the ghost,Hamlets conscience makes him feel that revenge is the best method to deal withthe problems that face him. The consciences of Hamlet, and to a lesser extent, Claudius, affect theirdecisions in the play. However, both characters only question themselves afterthey have been prompted by some specific action or dialogue. By self-evaluation,the characters then make the conscious decision to take action with theirfeelings. An example of this is at the end of act II, following Hamletsconversation with the player. In the soliloquy to end the act (whereupon themost important line is derived), Hamlet questions his passion for the plot hehas planned, and his conversation has clearly affected this ambivlance. However,after mulling over his passion- or lack thereof-towards his plot, Hamlet endsthe soliloquy determined to carry out the play. Hamlet is questioning hisallegiance to the pact he made with his father in Act I, but by the end of thesoliloquy, he has a clearer conscience and knows what action he is to take. Claudius is prompted by the Murder of Gonzago to do penance for his sins. Hedoes this to absolve himself of his guilty conscience, and it is the first timewe see the king show any penitence towards the sins he committed, and it offersa different perspective towards Claudius. Although he is a man who is craftyand wicked in the play, and his actions following this confessional do little tooffer anything to the contrary, it is possible to say that the penance is theaction which follows a conscience mulling action by the king.At the beginningof Act III, Claudius states, How smart a lash that speech doth give myconscience. (III, i, 49-50). The remark is made in response to a statement byPolonius speaking of sugaring the devil, which Claudius alludes to himself. By doing this, the kings conscience is brought up because this is the firsttime he confesses to comitting the crimes. With a little insight, even theactions of the king follow suit with the conscience to action motif. .u543d9f9ea69cb58deec246aadd7e9849 , .u543d9f9ea69cb58deec246aadd7e9849 .postImageUrl , .u543d9f9ea69cb58deec246aadd7e9849 .centered-text-area { min-height: 80px; position: relative; } .u543d9f9ea69cb58deec246aadd7e9849 , .u543d9f9ea69cb58deec246aadd7e9849:hover , .u543d9f9ea69cb58deec246aadd7e9849:visited , .u543d9f9ea69cb58deec246aadd7e9849:active { border:0!important; } .u543d9f9ea69cb58deec246aadd7e9849 .clearfix:after { content: ""; display: table; clear: both; } .u543d9f9ea69cb58deec246aadd7e9849 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u543d9f9ea69cb58deec246aadd7e9849:active , .u543d9f9ea69cb58deec246aadd7e9849:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u543d9f9ea69cb58deec246aadd7e9849 .centered-text-area { width: 100%; position: relative ; } .u543d9f9ea69cb58deec246aadd7e9849 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u543d9f9ea69cb58deec246aadd7e9849 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u543d9f9ea69cb58deec246aadd7e9849 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u543d9f9ea69cb58deec246aadd7e9849:hover .ctaButton { background-color: #34495E!important; } .u543d9f9ea69cb58deec246aadd7e9849 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u543d9f9ea69cb58deec246aadd7e9849 .u543d9f9ea69cb58deec246aadd7e9849-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u543d9f9ea69cb58deec246aadd7e9849:after { content: ""; display: block; clear: both; } READ: Identity Theft, By Margaret Rouse EssayAll of the soliloquies in Hamlet are prompted by some sort of action, and theyall serve to clear the Princes conscience. From the aforementioned firstsoliloquy to his last soliloquy following his conversation with the captain ofFortinbras forces, Hamlets conscience is affected by some action. Hamletsdecisions are keyed by pondering over his conscience and it is the decisions hemakes which further the actions of the play. It is action which prompts Hamletto mull over his conscience, and the clearing of his conscience which promptsaction. English

Underage drinking Essay Example For Students

Underage drinking Essay ?Speech 1311 Raguillon This is your Speech working outline template to be used as a guide for your persuasive speech. You will need to completely fill in every BOLD DESCRIPTION with clear sentences to be turn in as your working outline assignment. You may review the public speaking template posted under your informative speech if you need further explanation for each item. Name: Meghan Hurt Course: Speech 1311 Class Time: 6:30 – 9:30 Method of Organization Used: Chapter 12 Title: Young and Arrogant Speech to Convince? Actuate? Inspire? To Persuade. Specific Purpose: To persuade my audience that communication between parents and teens can reduce the incidence of adolescent alcohol abuse and drunk driving related deaths. Thesis Statement: To persuade my audience that communication between parents and teens can reduce the incidence of adolescent alcohol abuse and drunk driving related deaths. Parental awareness and involvement is essential to keeping teens safe. Parents need to teach their children how to keep safe in situations involving alcohol. We will write a custom essay on Underage drinking specifically for you for only $16.38 $13.9/page Order now Share with them the risks and give them some facts that inform them to take responsible actions instead of actions that could harm themselves or other people. Persuasive Speaking Strategy: Ethos Introduction: Attention Material: Each year, approximately 5,000 young people under the age of 21 die as a result of underage drinking; this includes about 1,900 deaths from motor vehicle crashes, 1,600 as a result of homicides, 300 from suicide, as well as hundreds from other injuries such as falls, burns, and drownings. Credibility Statement: Underage drinking can not only bring harm to you but also to your family. Audience Involvement: Have you ever been involved in a teenage drinking incident? Yes, ofcourse we all have because we’ve all been teenagers but have we all handled it in the right way is the key question? Preview of Ideas: Today I will explain to you the different techniques and ways to keep your child from not being an addition to the skyrocketing percentage rate we have on teenage drinking in America. Transition into Body: First we will start off with my main point that underage drinking can have major consequences. Body I. First Main Point: Underage drinking can have serious consequences. A. Subpoint: You can protect your children from the risks associated with drinking by maintaining open communication and expressing a clear, consistent message about alcohol. 1. Sub-subpoint: Building a close relationship with your kids will make it easier for them to come to you for help in making decisions that impact their health and well-being. 2. Sub-subpoint: Parents need to be there for their teens, especially if you see that they need help B. Subpoint: Parents need to keep tabs on where their child goes and offer them their assistance such as driving them home from a party if they drank too much to drive themselves home. 1. Sub-subpoint: Studies show adolescents whose parents closely monitor their activities are less likely to use alcohol or to be in risky situations involving alcohol. 2. Sub-subpoint: _ If they were scared of the situation like people getting so drunk that they are being wild and dangerous to the people around them at a party. Transition: Now that I have shown you some of the ways connecting with your children can help reduce teenage drinking, I will now demonstrate how parents setting a good example for their children helps teenage drinking. This can also reduce teenage drinking by seeing adults being mature with alcohol these days. Visual Aids: Now, I’m going to show you a powerpoint of some graphs that have actually decreased the teenage drinking problem because of communicating effectively with their parents or even just adults in general. II. Second Main Point: Parents or adults being able to set good examples for their children would reduce teenage drinking. A. Subpoint: parents should set good examples for their kids so they learn what to do in that situation and they need help 1. Sub-subpoint: If one parent is a heavy drinker, the childs chances of becoming a heavy drinker increase by two or three times more than if the parents are not heavy drinker. . Sub-subpoint: Teens need to take responsibility for their own actions. Teens need to have communication with their family and friends. B. Subpoint: Teens need to watch out for their friends if they have had too much to drink so you can take the responsibility to be the designated driver. 1. Sub-subpoint: Teens need to know when to stop so they donâ⠂¬â„¢t binge drink on alcohol and harm their body. 2. Sub-subpoint: Know what you are doing to you body and the effects. Like having liver problems when you are older. And Heart and central nervous system damage. .ua62fb713e66fb152bc61dc9a5cd92584 , .ua62fb713e66fb152bc61dc9a5cd92584 .postImageUrl , .ua62fb713e66fb152bc61dc9a5cd92584 .centered-text-area { min-height: 80px; position: relative; } .ua62fb713e66fb152bc61dc9a5cd92584 , .ua62fb713e66fb152bc61dc9a5cd92584:hover , .ua62fb713e66fb152bc61dc9a5cd92584:visited , .ua62fb713e66fb152bc61dc9a5cd92584:active { border:0!important; } .ua62fb713e66fb152bc61dc9a5cd92584 .clearfix:after { content: ""; display: table; clear: both; } .ua62fb713e66fb152bc61dc9a5cd92584 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ua62fb713e66fb152bc61dc9a5cd92584:active , .ua62fb713e66fb152bc61dc9a5cd92584:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ua62fb713e66fb152bc61dc9a5cd92584 .centered-text-area { width: 100%; position: relative ; } .ua62fb713e66fb152bc61dc9a5cd92584 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ua62fb713e66fb152bc61dc9a5cd92584 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ua62fb713e66fb152bc61dc9a5cd92584 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ua62fb713e66fb152bc61dc9a5cd92584:hover .ctaButton { background-color: #34495E!important; } .ua62fb713e66fb152bc61dc9a5cd92584 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ua62fb713e66fb152bc61dc9a5cd92584 .ua62fb713e66fb152bc61dc9a5cd92584-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ua62fb713e66fb152bc61dc9a5cd92584:after { content: ""; display: block; clear: both; } READ: Professional Development And Career Development EssayYou get bad hangovers and impaired judgment, which can lead to accidents during drunk driving. (Transition: Now that I have demonstrated both the good examples, and behavior with friends I will now summarize to you what it is about. Conclusion Summary Statement: To summarize, teen alcohol abuse can be prevented by good communication between parents and teens, between teens and their peers, and by awareness of the effects that alcohol can have. Thesis and Main Points Reviewed: To persuade my audience that communication between parents and teens can reduce the incidence of adolescent alcohol abuse and drunk driving related deaths. Parental awareness and involvement is essential to keeping teens safe. Parents need to teach their children how to keep safe in situations involving alcohol. Share with them the risks and give them some facts that inform them to take responsible actions instead of actions that could harm themselves or other people. Keeping our teens safe, and communicating with adults helps our teenage drinking levels to top skyrocketing with good communication. Appeal to Audience: I hope that this speech gave you all a little insight on how to help the situation with underage drinking. Concluding Remarks: Now, hopefully you can spread some of these facts and reduce underage drinking. Bibliography http://www. kidshealth. org/parent/emotions/behavior/alcohol. html http://pubs. niaaa. nih. gov/publications/MakeADiff_HTML/makediff. htm http://www. drugrehabtreatment. com/parental-influences. html http://www. menstuff. org/issues/byissue/teenalcohol. html http://health. yahoo. com/topic/parenting/teen/article/healthwise/uq2557 http://www. family. samhsa. gov/stop/ http://pubs. niaaa. nih. gov/publications/AA67/AA67. htm

How Wal-Mart Done the Transformation Strategically free essay sample

Executive summery In this report had analyst How Wall-Mart done the transformation strategically to win the market in situation of financial crisis? The fanatical crisis becomes huge threat to all organizations in the world. Because it becomes challenge to Wall-Mart also. Through this report I had highlight the causes for problem happens and rectify the problems through measurements with statistical data. Then this report had explained what are the steps that taken by Wall-Mart to achieve their vision. So Wall- Mart Implement the strategic plan call Project Impact is based on three strategic initiatives that will improve the benefits to the customer. The three initiatives are; Save Money, Live Better; Win, Play, Show; and Fast, Friendly, Clean. Then finally conclusion come up with suggestions to increase the Wall-Mart productivity, efficiency, effectiveness an their brand image to win the market. About Wall-Mart Wall-Mart helps people around the world save money and live better anytime and anywhere in retail stores, online and through their mobile devices. We will write a custom essay sample on How Wal-Mart Done the Transformation Strategically or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Each week, more than 245 million customers and members visit our 10,900 stores under 69 banners in 27 countries and e-commerce websites in 10 countries. Wall-Mart has become known for their always low prices because of their effective cost leadership strategy. However, along with this success has come much criticism on the value of their merchandise and the ethics behind their strategies. The following will explore how they operate and Just how sustainable Wall-Marts strategies are for the future. Problem question How Wall-Mart done the transformation strategically to win the market in situation of financial crisis. This case analysis on how Wall-Mart faces to the US financial crisis. The fanatical crisis becomes huge threat to all organizations in the world. Because it becomes challenge to Wall-Mart also. So Wall-Mart needs a big change to win the market in this situation. Because Wall-Mart selling end consumer products. They are doing retail business with people. So crisis become m ore and more sensitive with the growth strategy of Wall-Mart. Despite the financial crisis in America, Wall-Mart stores continue to do well and even exceed sales expectations. As business slows down and more people are laid off from work, they will continue to shop but do so with a tighter hold on their purse strings. Wall-Mart is clearly providing a service for the low income ND frugal minded shopper by keeping prices down. Specifics * Financial Crisis The financial crisis of 2007-2008, also known as the Global Financial Crisis and 2008 financial crisis, is considered by many economists. It resulted in the threat of total collapse tot large financial institutions, the bailout tot banks by national governments, and downturns in stock markets around the world. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of U. S. Dollars, and a downturn in economic activity leading to the 2008-2012 global recession and contributing to the European sovereign-debt crisis. * Consumer purchasing power Consumer buying power is the behavior of a consumer in regards to how he spends money on goods or services. Consumer buying power does not remain static year after year. Changes in the value of the currency, inflation of product prices and average wages all factor into the consumer buying power figures. Higher prices might mean that buying power shifts to necessities such as clothing and housing and away from entertainment. Conversely, if it is found that average wages are increasing and the prices are remaining low, then buying power can shift toward industries that fulfill the wants of the consumers as well as the needs. So cause of that consumers purchasing quantity of goods depends on individual purchasing power of customer. * Less Efficiency in store management As customers has no enough time to spend shopping. They like well organized and convenience place for shopping in minimum expend of time. Measurable * Inflation rate: In simple language, inflation meaner rising prices and it shows the increase in cost of living. In economics, inflation is explained as rise in the general level of prices of goods and services in an economy over a period of time. High inflation distorts consumer behavior. Because of the fear of price increases, people tend to purchase their requirements in advance as much as possible * By taking how many average time spending by customers inside the Wall-Mart. This will show the shopping convenience of our shells arrangement and goods storing to customer. And it should analyze with the value and the quantity of consumers purchasing basket. * Take the research on most consumable products f Wall-Mart customers and how much time spending to buy that products. * Monitor the inventory control data to measure inventory movement of goods in store. Literature review SOOT analysis: is a structured planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a Wall-Mart. Porters five forces model Porter five forces analysis is a framework for industry analysis and business strategy development. It draws upon industrial organization economics to derive five forces that determine the competitive intensity and therefore attractiveness of a market. Alternatives Improve the store efficiency of inside of the store. Wall-Mart wants to improve the customers in-store experience as well as becoming more efficient in and out of each store. Merchandising with back end logistics. * Financial crisis * Low purchasing power cause for reduce the consumption ability of people. * Exchange rate fluctuation is affect when working as multinational company as a globally. * Inflation * Atmosphere changing the interior designing and arrangements for easier shopping experience, Implementation * Implement the strategi c plan call Project Impact: The Company is in the beginning takes of a massive store and strategy remodeling effort, which it has dubbed Project Impact. One goal of Project Impact is cleaner, less cluttered stores that will improve the shopping experience. Another is friendlier customer service. Wall-Mart is embarking on an ambitious U. S. Store remodel program as part of its three-year strategic plan, dubbed Project Impact Save Money. Live Better. (A marketing message directed at consumers) Win. Play. Show. (An organizing principle for decisions about merchandising and assortments) Fast. Friendly. Clean. (A direction or the in-store experience) * Change the promotional strategy. Change Logo Change colors * Save Money. Live Better. The goal is to create a clear value proposition within a integrated communication strategy to achieve a high level of consumer trust. Outline of the components needed to achieve this goal: Consistent In-Store Brand Message Standardized printing specifications for suppliers Incorporate themed graphics on displays / less national branding ratio Preferred suppliers for themed graphics and display vehicles Common message that addresses consumers needs in Wealth ; Health Improve the Merchandise Flow Wall-Mart has a merchandise replenishment cycle of no more than 48 hours. Wall-Mart has adopted efficient processes such as cross-docking which as reduced operating costs, increased throughput, reduces inventory levels and eliminates unnecessary handling and storage of product. * Supply Chain Transformation Wall-Mart are working to improve efficiencies in the supply chain and especially in transportation. * Price Leadership The Company is well known for its Every Day Low Pricing, but Wall-Mart is aiming to give the consumer greater value for each product category. Integrated Brand Communication Although Wall-Mart is looking to reduce the overall number of suppliers and products. This initiative sees Wall-Mart optimizing the products in each of its stores. Reducing the number of products, and perhaps reducing the number of overall suppliers, Wall-Mart can encourage suppliers to reduce prices. * Win. Play. Snow. The goal is to create greater clarity, reduce inventory and increase sales growth on the shelf and in the store. Outline of the components needed to achieve this goal: Win Wall-Mart to pursue aggressively to Gain Share Play Opportunities to Capture Growth items where Growth Profit can be balanced Show Items that must be maintained to retain one-stop shop. Skis and suppliers will be rationalized to drive efficiency * Fast. Friendly. Clean. The goal is to create a faster, cleaner, and friendlier shopping environment to generate increased trips and cross-department shopping. Outline of the components needed to achieve this goal: Improve Sightlines and Navigation More overhead signage Less Inventory Lower Shelves Wider Aisles Removal of Pallets in Action Alley To Develop Overall Convenience Calculated department positioning Faster, more approachable check-outs Educational Signage Singular Price Points Fewer SKIS * To Enhance Atmosphere wall-Mart TV Focus on Unbeatable and Rollback Savings Softer Store Color Tones * Project Impact stores reshape Action Alley, the aisles where promotional items were pulled off the shelves and prominently displayed for shoppers. Those stacks both crowded the aisles and cut off sight lines. Now, the aisles are all clear, and you can see most sections of the store from any vantage point. Conclusion Wall-Mart needs a big change to win the market in this situation. Because Wall-Mart selling end consumer products. They are doing retail business with people. So crisis become more and more sensitive with the growth strategy of Wall-Mart. To face that challenge Wall-Mart had Implement the strategic plan call Project Impact: The Company is in the beginning stages of a massive store and strategy remodeling effort, which it has dubbed Project Impact. Wall-Mart had planned to transform the organization that they gain the experience from financial crisis. So transforming the organization within the crisis period is a big challenge. Because the project impact was very huge investment at that time. They change their marketing message to Save Money. Live Better to create a clear value proposition to achieve a high level of consumer trust. And they use Win. Play. Snow strategy to reduce inventory and increase sales growth on the shelf and in the store. The Wall-Mart shopping true online is also reduce the customer traffic and help to open Wall-Mart shopping roars of the day. According to my think online shopping is good for normal goods. Through inline we cannot touch and feel the product physically. So online shopping is not good for product like cloths. I propose the RIFF technology for store management at Wall-Mart. One such technology is radio-frequency identification, or RIFF, which transfers data stored on tags on a product or other object, facilitating identification and tracking. Wall-Mart can be use RIFF technology for about a decade and cites numerous benefits, including more efficient inventory management. The company can introduce RIFF to track pallets of merchandise traveling along its supply chain, including at warehouses. Then its help to cutting the volume of excess inventory in Wall-Marts massive supply chain and slashing out-of-stock occurrences.

The novel Hard Times Essay Example

The novel Hard Times Essay Example The novel Hard Times Paper The novel Hard Times Paper Essay Topic: Hard Times Woman On the Edge Of Time In the novel Hard Times, Mrs Sparsit is the housekeeper for the very outspoken Mr Bounderby, who is always talking about how self made he is although throughout the book he story alters a bit to fit the mood of the particular chapter. Mrs Sparsit is not portrayed, as you would expect a housekeeper to be portrayed. The connotations of her job have no similarities to her personality. Mrs Sparsit herself has had trouble in the past, although she had the status of an upper class female she lost her status in society due to debts her husband left her with. Mrs Sparsit married Mr Sparsit but when he got addicted to gambling he got into so much debt that he ended up passing away with them over his head. In Book 1 we are introduced to Mrs Sparsit as Bounderbys housekeeper but then she starts to make many hints that she has a particular spot for Bounderby that she cannot talk about. She is introduced as this elderly lady that presided over his establishment. Mrs Sparsit speaks of her hardship to Bounderby in the hope that he will understand because he speaks about being so hard done by in the past by his mother. Mrs Sparsit can relate to Bounderby and thats why she is so drawn to him in the novel, also because they are the same age she feels even closer to him. Mrs Sparsit is quite insignificant in the first Book but she placed there because she objects so much to Bounderbys marriage proposal to Louisa. We get many clues that Mrs Sparsit that Mrs Sparsit is fond of Mr Bounderby in more ways than one and we pick up on this because of her reaction to the marriage. In book 1 Mrs Sparsit is the fuel that keeps Bounderbys already huge ego going. Due to all the debts that she was left with Mrs Sparsit is financially dependent on Bounderby, and in her opinion she is his number one woman because she does all the womanly duties around the house. Also Bounderby depends on her for her womanly perspective on female issues. In Book 2, Mrs Sparsit becomes more significant and she is more constant through out the second book. She plays a more active role because she is sent to live in the bank because of the marriage and Mrs Sparsit is quite publicly annoyed so she decides that she is going to call Louisa by her first name and not her marriage name. She has so many objections against this marriage because she can see Louisa being a threat to her number one place in Bounderbys household, also she knows that she could be a better wife than Louisa therefore disagrees with this marriage but she will never get to show Bounderby what a wife she could be because of Louisa. Mrs Sparsit is so desperate to separate Bounderby and Louisa that she drives a wedge between them by commenting on every little detail about Louisa. In Book 2 Mrs Sparsit is sent to live in the bank Dickens relights the whole fact vs. fancy battle that takes place everywhere in the novel, because he says Mrs Sparsit considered herself, in some sort, the Bank fairy then goes on to say Townspeople who in their passing and repassing saw her there, regarded her as the Bank dragon. Dickens has used these examples to imply Mrs Sparsit personality of a spy who watches over Bounderbys household like a dragon would a layer. In this particular part of the novel Mrs Sparsit displays her weakness for spying as she goes and spies on Louisa and Harthouse, she tries to pick up as much information as she can to go back and tell Bounderby of Louisas cheating ways. Harthouse and Mrs Sparsit meet in the bank where she now lives, Harthouse makes spiteful comments to Mrs Sparsit in the hope that she will be more annoyed at Louisa coming in to Bounderbys household and snatching her place away, so it ends up that Louisa and Bounderby get divorced for Harthouse to marry Louisa. Therefore he says to her I presume, that Mr Bounderby the banker does not reside in the edifice which I have the honour of offering this explanation? It seems that Mrs Sparsit was placed in this particular part of the novel because she persistently follows Louisa and Harthouse that she finally ends up pushing Louisa to tell her father how unhappy she is with the marriage. Mrs Sparsit has been given the job of spying on people in the novel because she thinks that nobody would suspect an old housekeeper to be the towns gossiper, so she uses that to her advantage. Dickens has portrayed Mrs Sparsit in this particular way because he wanted Mrs Sparsit to see everybody miserable, as they had done when she was left with her husbands debt. So by her spying and interfering in Louisas marriage and her relationship with Harthouse it is her opportunity to get Bounderby and be happy for once in her life but it does not work out like that for her.

Research report on Australian financial services industry Essay

Research report on Australian financial services industry - Essay Example The economic recession spiralled by the subprime crisis has called upon business organizations particularly banks and other financial institutions to ensure better risk management practices. It also calls for financial institutions to increase the level of compliance. These calls for a collective effort on the part of bankers, central bankers as well as policy makers to formulate policies that seek to ensure financial health and stability of these crucial institutions of the economy. The present study would analyse the financial institutions in Australia with regards to their structure and legal framework. Special emphasis would be given to the banking sector in the report that would also analyse the challenges faced by the Australian banks. Structure of Australian Financial Institutions The Australian financial services industry is divided into a total of nine distinct sectors which includes deposit based financial institutions like banks and other credit agencies, non deposit based financial firms, the central bank, asset investing firms like stock trading companies, pension and superannuation fund management companies, auxiliary firms like stock brokers, mortgage securities firms, life insurance, general insurance and finally the insurance broking companies. The financial sector contributes about 18 billion Australian dollars to the nation’s economy which equals almost 8 percent of the total GDP of the nation. The nation has a total of 30000 financial institutions which also provide employment opportunities to a significant share of the population of the nation that is being pegged at 700000 individuals which includes approximately 6.4 percent of the total workforce in Australia (IBSA, 2010, p.4, 6). Figure 1: Assets of the Financial Institutions in Australia (Source: Austrade, 2009, p.13) The figure above shows the total assets of the financial institutions in Australia as of the year 2009. According to the statistics shown in the figure the total as sets of the financial institutions of the nation was 4431 billion Australian dollars. The compounded annual growth rate is being pegged at 11.8 percent starting from the year 1994. The financial institutions in Australia have also expanded their reach to across all the major and developing markets across the globe (Austrade, 2009, p.13). In terms of investment based funding assets the current value of the total assets in the nation is 541 billion AUD which is the fourth largest in the world. The figure is expected to grow to about 1979 billion AUD by the year 2015 (Austrade, 2009, p.16). Banking Industry in Australia As per the latest information from the Australian Reserve bank there are about 58 banks in the nation that includes 7 major banks, 7 local banks, 9 foreign banks incorporated in Australia and 35 foreign banks. The total cash and liquid assets including notes, deposits and coins apart from other liquid assets amounted to 3 percent of the total assets of residents in Aust ralia. Trading and investment based securities accounted for 9.3 percent and 6 percent respectively. The loans and advances segment including all forms of loans extended to the retail as well as corporate houses in the nation amount to 62.2 percent. Other