E-Business Essay Example for Free

E-Business Essay Supply chain management is a battery of procedures that involve planning, executing and organizing the operations of a supply chain (Haag et al. , 2006). Such cluster of procedures covers all activities of a company, including management of raw materials, inventory and final products at both the point-of-origin and point-of-consumption. Supply chain management requires the modification of management from an individual-based level of performance to an integration of operations as key processes in the supply chain. One simple example involves the placement of purchase orders by the purchasing department of the company. This is then coupled by the communication of the marketing department with particular distributors and retailers. Such efforts in integrating several processes in order to maximize and speed up a general process may result in an extremely efficient company. The integration of the financing technology and supplier outreach services facilitates reduction in capital requirements and finance costs associated with the clients (Kemp, 2006). The reduction in requirements and costs is attained through the help of the supply chains, which permits retailers and suppliers to register with the website and interactive with the supply chain system. Such technological innovation of doing e-business helps them track down the payments of any transactions completed or still in progress (Timmers, 2000). In addition, suppliers and buyers are able to work in partnership to settle the final price and this is usually done through the receipt of credit memoranda. Such setting facilitates a faster process of trading. The integration of operations enhances the relationship between the supplier and the buyer, regardless of employment, gender and physical backgrounds.

Finance Now, New Zealand Analysis

Finance Now, New Zealand Analysis Company Name: Finance Now, New Zealand Companies find it hard to survive in todays world of cut throat competition. All functions, including but not limited to, IT, Marketing, Service, Operations, Human Resource Management etc. are vital in making an organization a commercial success (Scott, 2015). Marketing, being one of the most significant domains, has a crucial role to play. Right from zeroing on a target market to communicating the end product to users, marketing has it all covered under its wing (Slater, 2015). This report highlights the facets of marketing, such as market segmentation, impact the overall performance of a firm named Finance Now. It also gives an overview of the impact of external as well as internal business environment on the functioning of the firm. A detailed analysis highlighting the strengths, weaknesses, opportunities and threats of organization has also been done. Finance Now Ltd, established in 2000, is a company that is 100% owned and managed by a loan-lending, local company of New Zealand. SBS (Southland Banking Society) is the parent company of Finance Now and was established in 1869. The company is known to grant loans to only kiwis and work visa holders. A wide array of loans comprising of retail loans, business loans, personal loans etc. are offered to kiwis by the largest building society of New Zealand, SBS. Finance Now has a diverse range of products to offer to its customers. Its association with over 1500 retail locations helps boost its credit sales for motor vehicle dealers as well as good finance/consumer loans all through New Zealand. Interest rates charged by the organization vary from person to person depending on the type of application (Now, financenow.co.nz, 2017). The business world, today, is facing with numerous challenges when it comes to running a commercially successful organization,courtesy the ever-changing external and internal environment. The growth and profitability of a firm are largely dependent on factors within and beyond the scope of the organization (Dibrell, 2015). Thus, it is in the best interest of a firm to adopt strategies that promote sustainable development taking into consideration the impact of external as well as internal factors affecting growth (Boons, 2013). External Environment: Some of the factors, beyond the control of the organization, that may have an impact on its growth are: 1. Social Factors: The lifestyle of the local population of the country in which the firm is operational is a major determinant of the success of firm. This is because a grand lifestyle with little disposable income would result in an enhanced customer base taking loans (Medina Munro, 2017). Growth in population is another factor that could enhance the penetration of Finance Now as more people would mean more requirements of houses and other facilities (Rothaermel, 2015). Also, the rapidly increasing working population of New Zealand has the potential to impact the growth of Finance Now. 2. Legal/Regulatory Factors: Affirming to the rules and regulations set by the government of New Zealand is a prerequisite to establishing and running any business in the nation. Fluctuating interest rates have a direct impact on the growth of financial firms with more customers taking loans when the interest rates are low (Chang, 2013). The documentation process is often standard and a simpler process helps getting more customers on board. 3. Economic Factors: The economic situation of New Zealand is expected to impact the growth of Finance Now the most. This is because, a fluctuating economy would directly contribute to a fluctuating customer base with more people opting for personal and business loans when the economy is low. An evidence is that SBS recorded an annual growth of 24% in Financial Year 2014-15 even though the GDP staggered at 3.5% (McBeth, 2015). A rise in inflation rates leads to a rise in interest rates. On the other hand, a drop in inflation may lead to more locals taking to financial help due to lesser rate of interests. This helps in increasing profitability of financial firm. For example the profit made by SBS rose to $14.7 mn in the first two quarters of Financial Year 2016 despite the drop of interest rates as more people opted for loans (Morgan, 2016). 4. Technological Factors: Technology helps make the otherwise complex procedures of documentation easy, hence contributing to the growth of an organization (Rouse, 2016). E-Money feature E Finance cash card for consumer loans Online Portal Mobile Apps-AMP Digital Marketing PPC Digital Advertising, Remarketing or Retargeting Internal Environment The internal environment of an organization comprises to elements that can be controlled by the organization to an extent (Kuratko, 2014). For example infrastructure, employees, values, vision and mission and products and services offered (Hair, 2015). Finance Now competes against others of its kind in the market, including Kiwi Bank, ASB Bank, Moneyshop, Loansmart, Harmoney, Ferratum, Moola, Rapid Loans etc. The more the presence of competitors, the more beneficial a companys products and offerings must be in order to sustain competition. A competitive advantage can be gained by organizing marketing campaigns to increase awareness about products, offering products with enhanced customer value and also guaranteeing superior service (Wagner III, 2014). For example, SBS banks on competitive pricing for gaining an edge over other players in the market. It launched a 3.99% fixed mortgage rate in 2016, which was the lowest observed interest rate in decades. SBS also offered a 0.20% bonus on Term Investments which provided an added benefit to existing investors, thus contributing to customer retention (Bank, 2016). The diverse range of products offered by Finance Now, ranging from personal and home loans to retail loans, helps attract cu stomers from all walks of life. The coming together of Finance Now and dentists of New Zealand to offer an interest free credit deal for 12 months is a great example of how the company intends to diversify its offerings (Times, 2014). A SWOT analysis helps us determine the Strengths, Weaknesses, Opportunities and Threats of a firm. Strengths 1. Advertisements: The light hearted advertisements of SBS bank help in attracting new customers and also retaining those existing For example the warm advertisement depicting a couples excitement to embark on a journey of owning their own home (Commercial, 2016). Finance Now also organizes competitions to help keep its customers engaged (Now, Finance Now) 2. Team, members and partners: The team of Finance Now is its biggest strength. The customers are referred to as members. The company also has over 1500 retail partners to help boost its business (Now, financenow.co.nz). 3. Innovation: Finance Now follows innovative techniques to cope with the ever advancing technology. For example the e-money card and mobile app launched by the company have been immensely popular among masses (Fung, 2014). 4. Customer Service The finance companies or banks are always known to be in the good books of its existing customer base by virtue of its superior customer service. The testimonials put up on the website are evidence of the same (Now, financenow.co.nz, 2016). Weaknesses 1. High interest rates Finance Now offers Business loan interests ranging from 0% to 22.5% (Now, financenow.co.nz). Other competitors offer loans at a borrowing rate of 14-18% on an average (Tarrant, 2017) 2. Nomenclature Since Finance Now is an extremely common name, particularly in the world of finance, its becomes difficult for the company to mark its online presence Opportunities With more and more people taking to loans as an easy way of starting a business or buying a house, the loan market is on a rapid growth (Riasi, 2015). The ease of applying for loans makes it an even better deal. With Finance Now positioned as a Kiwi Bank, it has an edge among the locals of New Zealand. Threats Presence of several competitors with substitute products at cheaper interest rates poses the biggest threat to Finance Now. Government policies may also not always turn out to be in favor of the financial institution. Advertising Policies- Google facebook- Ban on Payday personal Loans with high interest rates. Govt Financial Organization Polices Example of Competitor- recent New Rapid Loans The theory of stakeholder identification is majorly concerned with the principle that who all and what really counts in an organization. The normative theory of stakeholder identification helps us understand why employees and managers are important stakeholders in an organization (Agnà ©, 2015). Some of the other important stakeholders of Finance Now are: 1. Parent Company SBS The board of members of the parent company of SBS comprises of the most prominent stakeholders of Finance Now. The ultimate decision pertaining to any activity carried out by Finance Now is monitored by the parent company. 2. Associated Company -Marble Finance 3. Team Finance Now has its own employees working to attain the vision and mission of the company. The employees belonging to different levels of management and varied domains are significant stakeholders as they impact the profitability of the organization and vice versa. 4. Members The company treats its customers as its members, offering privileges from time to time. The members of Finance Now invest money and show faith in the organization which makes them important stakeholders in the firm. 5. Retailers Finance Now has a tie up with over 1500 retailers(list enclosed appendix no ) in order to boost sales across the country. 6. Associates In addition to having an association with retailers, Finance Now also makes associations with third party Sales and Marketing Teams in order to ensure deeper penetration of its products into the market. 7. Customers/Loan Applicants The loan applicants are also put their faith on company before applying for a loan. 8. Other Investors Target market identification is essential for an organization. This is because it becomes difficult, almost impossible, to cater to the needs of the masses without having a target population in mind. The same product may not suit everyone. Hence, market segmentation is done in order to ensure greater profitability. The products are designed to fit the needs of the target market, thus ensuring a deeper penetration and bigger market share. Market segmentation at Finance Now was done based on the industry it was to operate in. Money lending financial institutions often target a market that they can rely on to repay the loan within a stipulated time. The needs of the target market were then reviewed to create a portfolio of product that could fit the needs of the target population. The process of target market identification proved to be robust with the company making profits soon after its inception. Finance Now aims at catering to the needs of the working population (Li, 2016). This is because the working population has the ability to repay the loans along with the interests associated with it in the future (Bilton, 2016). Finance Now offers a wide range of products ranging from car loans to vacation loans, thus ensuring that all sub groups of the target market are catered to. Secured loans with lesser interest rates are available for those who wish to provide a backup or security, such as a car or property, against the loan that they take. Unsecured loans at the other hand, have the benefit of not having to keep anything as security. The interest rates, however, in case of unsecured loans are higher than those for secured loans. The market segmentation strategy has been working in favor of Finance now with the firm expanding its customer base and making enha nced profits. Finance Now has been a profitable financial institution because of effective market segmentation and positioning. The firm has also efficiently used marketing campaigns to its favor. The wide array of product portfolio offered by the company is instrumental in helping it cater to its target market. The use of technology further enhances its growth prospects. The organization aims at outweighing the presence of competitors in the financial arena by virtue of providing a superior experience to its customers. Appendices Types of loans and products List of Retailers and partners List of competitors Organic Rank Report Glimpse of Google Adwords TV and Radio Advertisements links

Chasing Zero Essay -- Health, Preventable Medical Error

Chasing Zero is a documentary which was meant to both educate the viewer on the prevalence of medical harm as well as to enlighten both the public and health care providers on the preventability of these events (Discovery, 2010). The documentary expounded on the fact each year more people die each year from a preventable medical error than die due to breast cancer, motor vehicle accidents or AIDS (Institute of Medicine, 1999). Medical harm can result from adverse drug events, surgical injuries, wrong-site surgery, suicides, restraint-related injuries, falls, burns, pressure ulcers and mistaken patient identities (Institute of Medicine, 1999). Incidences of medical error have been reported in the media for many years. The most startling revelation in the documentary is how common medical errors are and how preventable they are. The Institute of Medicine (IOM) reported in 1999 that between 44,000 and 98,000 people die each year in the United States due to a preventable medical error. A report written by the National Quality Forum (NQF) found that over a decade after the IOM report the prevalence of medical errors remains very high (2010). In fact a study done by the Hearst Corporation found that the number of deaths due to medical error and post surgical infections has increased since the IOM first highlighted the problem and recommended actions to reduce the number of events (Dyess, 2009). The premise of â€Å"Chasing Zero† is to reduce the number of deaths due to healthcare harm to zero. Leading authorities on healthcare quality, such as Charles Denham, believe that all of these deaths are preventable and can be eliminated (Discovery, 2010). Dr. Denham along with the Texas Medical Institute of Technology (TMIT) are dedicat... ...vers, clinical and non-clinical leaders of hospitals and international subject matter experts. The Texas Medical Institute of Technology, through programs such as Chasing Zero, is bringing a public voice to the issue of healthcare harm. The documentary is a stirring example of the quality issues facing the healthcare system. In 2003, the NQF first introduced the 30 Safe Practices for Better Healthcare, which it hoped all hospitals would adopt (National Quality Forum, 2010). Today the list has grown to 34, yet the number of preventable healthcare harm events continues to rise. The lack of standardization and mandates which require the reporting of events contributes to the absence of meaningful improvement. Perhaps through initiatives such as those developed by TMIT and the vivid and arresting patient stories such as Chasing Zero, change will soon be at hand.

The rainbow with the pot of gold :: essays research papers

We live in a world where ‘education’ and the accumulation of skills have assumed fanatical proportions. We tch tch at heavy school bags, but continue putting noses to the grindstone. Always in the hope of the pot of gold at the end of the rainbow. Except, that in the first decade of the 2000’s the way to that pot is no luminescent rainbow. And the sad part is, it needn’t be so. The proof of the pudding -- the training experience of companies including U.S.A.-based AT & T’s National Product Training Centre and Audi, IBM and Seimens in Germany; Pentagon’s Institute of Defense Analysis; and teacher Charles Gritton’s efforts in a Des Moines ghetto school that became a case study of success. Putting the ‘no pain, no gain’ credo of learning to shame is the concept of accelerated learning, perhaps more famous as ‘superlearning’ following breakthroughs made by Sheila Ostrander, Lynn Schroeder and Nancy Ostrander since the 1970’s. However, the ball was actually set rolling about a decade before they started. It was behind the Iron Curtain in the 1960’s that Dr. Georgi Lozanov, a Bulgarian psychiatrist, first applied suggestion and relaxation techniques to classroom learning and termed these methods ‘Suggestopedia’. These pioneering techniques engendered and gave impetus to what we now know as Suggestive – Accelerative Approaches to Learning. Accelerated learning believes that the human brain can work at least two to five times faster (‘superlearning’) and retain more and for longer periods (‘supermemory’ or ‘hypermnesia’) if it is put into the ‘right state’ of â€Å"relaxed alertness† (therefore non-stress, therefore pleasure) for learning. In a nutshell, it works by addressing our unconscious as well as our conscious mind, exploiting the power of our own imagination since it has been found that a trained imagination helps learn better – thereby aiding in accessing what are termed as the â€Å"success patterns† in our bodies, minds and emotions. Significantly, ‘superlearning’ shows us how to relax our body and calm our mind at will. It is sometimes described as â€Å"global learning† since it involves our entire inner world, including parts repressed in older styles of education, and goes to the extent of our most ancient memory of life, exactly according to nature’s blueprint for us. Moreover, it is global in the sense that the techniques can be adapted and used in virtually any culture to learn virtually anything, age and background no bar. It

Oppression and Resistance in Jamaican Reggae and Afro-Brazilian Music A Comparative Study of Race in Music and Culture :: essays papers

Oppression and Resistance in Jamaican Reggae and Afro-Brazilian Music A Comparative Study of Race in Music and Culture Cultural expression frequently serves as a lens to the conditions, historical and contemporary, of a society. Film, music, and literature often serve as an extension of oral traditions and can provide us not only with a glimpse into history but can also share with us the cultural impact of the past and give us a greater understanding of the present. In the countries of Brazil and Jamaica with similar histories of oppression, from slavery, to genocide, to crushing poverty and systemic racism, it is not surprising to see a similarity in the heightened consciousness in their music. Through analysis of the histories of Brazil and Jamaica, from slavery to the institutionalized systems of oppression, one can understand how such seemingly different musical traditions frequently share a common theme, resistance. "†¦a good part of the attraction of reggae music to its metropolitan audience is the anger and protest of the lyrics. We obviously face a contradiction between the message of urban poverty and protest which reggae conveys and that of pleasure and relaxation inherent in our holiday product. In short, when we promote reggae music we are promoting an aspect of Jamaican culture which is bound to draw attention to some of the harsher circumstances of our lives." -- Jamaica Tourist Board Memorandum, October 10, 1975 (Davis and Simon, 1977, p. 1) Jamaican reggae is music of protest that carries an angry message of poverty. Listeners worldwide often simply enjoy the swaying upbeats and melodies of reggae while giving little thought to the importance of the lyrics or the ‘harsh circumstances’ that have given birth to the music. Similarly, the music of Brazil has been neglected. Musical prejudices commonly lead to the association of subtle rhythms and light, casual melodies with bland music and not profound expression (Byrne, 1989, p. 2-3). However, the music of both cultures caries with them strong traditions of resistance. They both pay homage to their leaders and mythic figures and work to carry on in their tradition of resistance. The Maroon States In contrast to the thirteen colonies which were to become the United States of America, which were colonized by settlers seeking a new life in the West, the majority of the new world colonies were established to be financial ventures based on the exploitation and exportation of natural resources and the running of massive plantations.

Children Reading

â€Å"Children are not reading as much as they should presents danger† As Mr. Russell states, children not reading presents a risk in terms of their learning abilities. I believe Mr. Russell is correct. When children do not read enough, their development of creativity, attention span, imagination and vocabulary are not as developed as they should be. Overall they fail to develop to their full potential because reading comprehension strengthens our brain by making it active. When children’s brains are not at their fullest potential when they get older, it could lead to a lot of problems.They can receive poor grades, have a difficult time when completing assignments, have a low self-esteem and behavior problems, become shy and get easily frustrated. If a whole generation of children grew up to have these issues, it could lead to many problems in society as a whole. â€Å"A book requires that we think, and that is the great adventure to reading. † When we read a boo k, it forces us to use or brains. It requires us to take every element in the story such as the characters, plot and setting and putting them together to create a theme. Putting together these elements enhances our creativity and forces us to use our intelligence.While reading a book one imagines in their mind what is going on with the story. This visual then enhances our creativity. It also forces us to use our intelligence. The vocabulary and solutions to the problems makes us think. Personally, I think one of the best things about reading something that you enjoy is the adventure that you have while reading. I forget about my everyday issues and enter into a world where my mind can just explore a whole other world that I cannot physically experience myself. The combination of these aspects makes reading an exciting experience.

Bad News Messages

Two Questions: In your opinion, when a company suffers a setback, should you soften the impact by letting the bad news out a little at a time? Why or why not? AND Is intentionally de-emphasizing bad news the same as distorting graphs and charts to de-emphasize unfavorable data? Why or why not? Looking forward to hearing your thoughts. ANSWERS: When a company suffers a setback, delivering the bad news a little at a time creates confusion and uncertainty about the true nature and extent of the problem, which gives rise to complexities or difficulties in effectively addressing the situation.Doing so also creates a rather negative image of the company, especially when interested parties or stakeholders learn about the extent of the bad news and the implications to them from other sources. It is inevitable for companies to suffer setbacks throughout its operations because of the number of poorly managed and uncontrollable factors influencing companies. However, setbacks eventually lead to solutions but the effectiveness depends on the manner that the setback is recognized, analyzed, communicated and handled.Communicating bad news in its full gravity but delivering this in an objective and rational manner by providing all pertinent facts, assessment of the situation, and alternative solutions to draw constructive discussions on the best action or response constitutes a more fulfilling management of bad news messages. De-emphasizing the company’s bad news amounts to the distortion of graphical data because in both cases, the company is manipulating facts to present a different view of the situation, often in favor of the company.Everyone: What about the media â€Å"leaks†? Right now many companies are `downsizing` and they learn about this by reading news stories first. Are any of you working for a company going through this? How is the company handling ANSWERS: In the â€Å"age of information,† it is nearly impossible for large corporations to pr event media leaks. Sometimes, media leaks are even crafted by the top management of companies as a means of controlling or influencing the ultimate outcome of whatever crisis is occurring.By leaking information to the media, companies are able to manage the impact of the situation and soften negative blows to the company or ensure that the information communicated to the public is accurate and true. As part of a non-profit organization, stakeholders often learn information on a nationwide corporate downsizing, during the height or even after the actual fallout.Due to the different structure and practices in a non-profit organization, it takes some time before the lower rung of the organizational structure experience the effects of downsizing, and then, it is no secret. However, in instances when the media get hold of information on the downsizing, the organization immediately opens communication lines to dialogue with the interested parties to explain or clarify and allay fears and suspicions.