Economics Questionnaire Essay Example

Economics Questionnaire Paper 1. A legal maximum on the price at which a good can be sold is called a? Price ceiling. 2. Which of the following is likely to have the most price elastic demand? Breakfast cereal, corn flakes 3. A reduction in a countrys barriers to trade? Benefits some citizens of the importing country but does not benefit the domestic producers In the Importing country. 4. The amount of a good that buyers are willing and able to purchase Is quantity demanded. We will write a custom essay sample on Economics Questionnaire specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Economics Questionnaire specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Economics Questionnaire specifically for you FOR ONLY $16.38 $13.9/page Hire Writer 5. Suppose a market In which demand Is more elastic than supply. The incidence of a tax will? Fall more heavily on sellers than buyers. Suppose there Is a frost that destroys much of the strawberry crop and the price of blueberries, a substitute for strawberries, Increases. 6. What would we expect to happen In the market for strawberries? The price of strawberries Increases and the direction of the change In the equilibrium quantity of strawberries cannot be determined from the Information given. 7. Which of the following changes will not shift the demand for Ice cream to the right? A decrease In the price of Ice cream 8. If price elasticity of demand Is greater than one? Demand Is elastic. 9. If Tom Brady can ran $20,000 filming a commercial in the time it takes him to mow his lawn, he gains from trade? As long as he pays less than $20,000 for someone to mow his lawn 10. Suppose the income elasticity for good X is 0. 8. Good X? Has inelastic demand, is an inferior good 10. Sue can produce 4 dozen cookies or 2 dozen cupcakes in one hour. David can produce 6 dozen cookies or 4 dozen cupcakes in one hour. 11. Sees opportunity cost of 1 dozen cookies is? 2 dozen cupcakes and Davits opportunity cost of 1 dozen cookies is 1. 5 dozen cupcakes, 2 dozen cupcakes and Davits opportunity cost of 1 dozen cookies is 2/3 dozen cupcakes. 12. The market for agricultural products has experienced advances in technology but has relatively inelastic demand. The combination of these two effects is an increase in supply, a large reduction in equilibrium price, a small increase in the equilibrium quantity, and a decrease in total revenue paid to farmers as a group. 13. Without government intervention, prices of products are not capable of changing to avoid shortages or surpluses? FALSE 14. When supply is relatively elastic? The supply curve is relatively flat. 15. Sue can produce 4 dozen cookies or 2 dozen cupcakes in one hour. David can produce 6 dozen cookies or 4 dozen cupcakes in one hour. Sees opportunity cost of 1 dozen cookies is? Higher than Davits opportunity cost of 1 dozen cookies so Sue has a comparative advantage in the production of cookies. 16. Trade can make everyone better off because? Specialization based on comparative advantage Increases total production. 17. Trade can make everyone better off? All of the choices are correct. 18. Free markets are preferred to markets with binding price ceilings or floors because free markets are Impersonal and ration goods with prices? TRUE 19. The relative tax Incidence of a tax Is determined by the government? FALSE 20. Binding rent controls create large shortages of apartments In the short run, but small shortages In the long run due to the elasticity of demand and supply.? FALSE 21 . When consumers have more time to adjust to a price change, price elasticity of demand tends to be? More elastic. 22. Suppose the price of gold, an Input Into the production of Jewelry, decreases. The effect on the market for jewelry is? Decrease in quantity supplied. 23. An the market for sport utility vehicles is are? All of the choices are correct. 24. In a perfectly competitive market? All of the choices are correct. 25. Sue can produce 4 dozen cookies or 2 dozen cupcakes in one hour. David can produce 6 dozen cookies or 4 dozen cupcakes in one hour. Davits opportunity cost of 1 dozen cupcakes is? 2/3 dozen cookies while Sees opportunity cost of 1 dozen cupcakes is 1/2 dozen cookies so David should specialize in the production of cupcakes 2/3 dozen cookies while Sees opportunity cost of 1 dozen cupcakes is 1/2 dozen cookies so Sue should specialize in the production of cupcakes. 26. If price elasticity of demand is less than one? Increasing the price of the product will increase total revenue. 27. Sue can produce 4 dozen cookies or 2 dozen cupcakes in one hour. David can produce 6 dozen cookies or 4 dozen cupcakes in one hour. A producer that requires fewer resources to produce a good is said to have? A comparative advantage, a straight line production possibilities frontier 28. A tax levied on buyers has the same effect on the price the buyer pays as an equal magnitude tax levied on sellers. TRUE 29. A price floor set below the market equilibrium price? Is a non-binding price floor. 30. One producer can have the comparative advantage in both products, but cannot have the absolute advantage in both products? FALSE 31 . When the minimum wage is set above the equilibrium wage it is a binding price floor that results in a surplus of labor 32. A decrease in quantity supplied is shown as a movement from? Point B to point A 33. Imports are goods? Produced abroad and sold domestically 34. Goods with a positive cross price elasticity are? Substitutes. 35. An increase in supply is shown as a movement from? Point A to point B, point B to point A 36. A market with only one seller is called a monopoly market. TRUE 37. If the government were to impose a tax on cigarettes, the tax incidence will likely fall more heavily on the? Ensure because supply is more elastic than demand. 38. A price ceiling set below the market equilibrium price? All of the choices are correct. 39. The responsiveness of the quantity demanded of a product to a change in the price of a product is called? Elasticity 40. Suppose when the price of gasoline is $3. 50 per gallon, a local gas station sells 300 gallons per day. When the price of gasoline is $3. 85 per gallon, the same gas station sells 31 5 gallons per day. Using the midpoint formula, the absolute value of the price elasticity of demand for gasoline is approximately?

Role and Significance of Revol essays

Role and Significance of Revol essays The Russian Revolution was one of the great events of the twentieth century. The revolution of February 1917 brought Russia the first democratic regime. During the 1917 Russian revolution there were two distinct periods. These periods were known as the critical period from 1917-1921 and the consolidation period form 1922-1928. Leading up to and during these periods of the revolution, roles as leaders were extremely significant to the achievement and success of the implementation of revolutionary aims and ideas. The immediate cause of the February Revolution of 1917 was the collapse of the tsarist regime under the strain of World War I. The backward economic condition of the country, made it unable to sustain the war effort against Germany. The imperial government was ceased and political roles were implemented by two new groups, the Provisional Government formed by the provisional committee of the Duma and the Petrograd Soviet of Workers' and Soldiers' Deputies. The Provisional Government committee of the Duma announced that its role would be to handle restoration of order. The Provisional Government, except for the socialist Kerensky, was made up of liberal leaders. The chairman, Lvov, was a wealthy landowner and member of the Kadets, which favoured an immediate constitutional monarchy and ultimately a republic. The proclamation of the Provisional Government on 28th Feb 1917 was to overcome the old regime and to appoint ministers of public cabinet. Further there aims included the freeing of political, military and religious prisoners, freedom of speech religion and assembly; no class restrictions, constitute assembly; a citizen army (peoples militia) and the enforcing of the four tail suffrage. In dealing with the crucial social problems, the Provisional Government claimed that, being provisional, it could not make changes such as confiscating land and distributing it to the peasants. Failure to provide the cities with grain agg...

Arguments against abortion Essay Example | Topics and Well Written Essays - 750 words

Arguments against abortion - Essay Example The controversy lies on when and whether abortion should be done and the extent to which it should be denied or encouraged. It is this debate that has caused other countries to legalize abortion, such as the US, while others, such as Brazil, still consider the procedure illegal (Naden, 2008). This paper argues against abortion, based on its conflict with religious and moral standards, and thus supports its illegalization. First, abortion involves taking human life away, hence tantamount to murder. With this argument, it would be critical to understand when life begins. Proponents of abortion argue that an embryo is not a human being. They argue that it is only until such an embryo acquires human characteristics that it shall be recognized as a human (Thomson, 2010). However, these proponents do not draw a clear line from which an embryo becomes human. Therefore, it would be more reasonable to consider an embryo as a full human or a person (Beckwith 1992). According to England (1996), the embryo starts developing immediately an oocyte is fertilized by a sperm, a process that results in the formation of a zygote. A zygote is a large diploid cell and is the beginning of human life. It means that life begins at conception and thus the humanness of an embryo immediately after fertilization. This pro-life argument has been in existence in the history of the world for a long time. For instance, Naden (2008) observes that the Bible refers to the unborn as a child. It therefore recognizes the fact that an embryo already qualifies as a human being. Therefore, life begins at conception. This means that at whatever stage of pregnancy, from the first day to the last day of the ninth month, whatever is borne in the womb is a human being. As such, aborting pregnancy at any stage amounts to murder, and thus immoral. Secondly, having observed that abortion is tantamount to murder, it is against religious principles to decide on the death of a person, in this case the embryo, as only God reserves the sole power to decide when one should die. In basic terms, abortion is killing. No one holds the right to decide on the death or even life of an innocent person. However, Thomson (2010) observes that in situations where the life of the woman is at risk of death, say due to a cardiac condition that could prevent carrying the pregnancy to term, then she has the right to abort. Both the mother and the fetus have the right to life. Carrying out an abortion amounts to killing the fetus while doing nothing does not mean killing the mother, but rather letting her die. Furthermore, killing the fetus would be killing an innocent life that does not aim at killing the mother. Choosing between letting one die and killing an innocent person, the former holds moral expectations. However, if the mother opts for an abortion, it would not be considered as immoral, but rather an act to save her life. The mother’s right of deciding what happens to and in her body outweighs the right of the fetus to life. Finally, there are a myriad of physiological and psychological risks associated with abortion making it impermissible. Abortion remains an elusive area of study for a majority of doctors. Even after the procedure was legalized in the US, a Columbia University Medical Center professor of obstetrics and gynecology, Dr. Carolyn Westhoff, observes that the situation has not changed significantly with large teaching hospitals and medical schools not treating abortion as an important training area (Naden, 2008). This means that the area lacks adequate qualified personnel to handle the procedure. This leaves the task to physicians at freestanding clinics, exposing the women

MIH514 - Cross-Cultural Perspectives - Mod 2 SLP Essay

MIH514 - Cross-Cultural Perspectives - Mod 2 SLP - Essay Example There may still be some extended family in the home but not as often since arriving in the US. If there are extended family living with a family unit, it is most often temporary as a family obligation until the others can get on their feet. (Shapiro, 2009). Many of the Indian people come to the US highly educated and become professionals while there are some who are not. They are unusual in the sense that they do not concentrate in singular neighborhoods so they seem less visible and most of them speak English. Their goals and priorities are much related to family. Assuring safe and well cared for families and homes , good health, an happiness is at the top of their list. Like previously mentioned, they are often well educated and are embarrassed if not able to hold a job. Disability is not spoken about and may actually be hidden away in the family system. Their children are of top priority and much of the developmental tasks that occur for them are childhood oriented. All children have some problems with enculturalization but the Asian Indian people are most concerned about it. They make a huge effort to retain cultural identity and still parent within a dissimilar culture (Inman, Howard & Beaumont, 2007). As previously noted, the elders in the family are treated with a great deal of respect. For example, they are never called by their first name. They serve as a resource to the parents of the family and to the children. There has been some change here as the nuclear family forms in the US and the extended family is more likely to disappear. In fact many of the elders are still in their home country though they are likely supported in some way by the family here in the US. (Merrill & Palmer, 2007) Though many of the Indian people who have immigrated to this country have left the cast system behind them, there remains much influence from it, including what kind of profession you will have and where you will be on the social latter. The

Christian Scriptures Essay Example | Topics and Well Written Essays - 1000 words

Christian Scriptures - Essay Example Watt points out that the gospels cannot be literally true and also completely accurate. On the other hand the perspective of E P Sanders was markedly different from that of Watt. As such Sanders takes a less critical stance with regard to Jesus Christ and his attitude towards scripture. Instead of representing Jesus Christ as a fundamentalist Sanders presents Jesus as an accomplished religious leader promising to guide people towards their own salvation. From Sanders' perspective Jesus Christ is argued to have been a highly important religious prophet who had performed miracles as well as claiming to be the Jewish Messiah. Sanders also believed that it always important to place the entire gospel accounts and stories concerning Jesus Christ into the most appropriate context. Basically the gospel writers as well as Jesus himself wanted certain messages passed on to their intended audiences. The opinions of Meier are certainly closer to those of Sanders than those of Watt. This is due to Meier also taking a much less critical stance concerning the mission, teachings, and the beliefs of Jesus Christ, as supposedly predicted within the Old Testament, and recorded in the gospels. Personally it would be best to assume that the gospel writers just like Jesus Christ had messages to get across to people. The gospels were written due to the fact that the people who had personally known Jesus Christ were dying out and the New Testament was needed to spread the teachings of the Early Church. The gospel writers wanted to persuade as many people as possible that Jesus Christ had been the Son of God and therefore needed to provide enough evidence of his status as the Messiah does. What do you think each of these three would write for example about the story of the transfiguration of Jesus (Mark, 9 2- 8) Watt would more than likely write that the story of the transfiguration of Jesus Christ was not literally true, and than the gospels should not therefore be automatically taken at face value. He would probably also contend that the message, which the story of the transfiguration of Jesus Christ was intended to convey was more important than whether or not it was actually or indeed literally a true life event. Watt would argue that the purpose of the story of the transfiguration of Jesus was to demonstrate that Jesus Christ was not only the Messiah he was also he resurrected Son of God. It is a fundamental part of mainstream Christian doctrine yet Watt might easily contend that the transfiguration of Jesus Christ did not actually take place. Sanders would probably have written that the story of the transfiguration of Jesus Christ was based upon the events that the disciples had believed to happen. Only Jesus and his most trusted disciples had gone up the hillside, with only the disciples coming back down. Sanders would probably mention that Jesus had grouped these disciples together in order to prove that he had indeed risen from the dead. There were therefore only a small number of witnesses that could describe how Jesus had descended up to heaven. All these witnesses also played significant roles in the development and the territorial expansion of the Christian religion. The eye - witness accounts strongly

The Business Objectives Of New Technologies Information Technology Essay

The Business Objectives Of New Technologies Information Technology Essay Prior to think about starting new business or implementing new technology to the business, one must think about the Objectives what they are expecting from it and objectives are based on planning. Therefore, plan is the most important part and if plan does not figure out the outcomes, this would mean that the plan made is vain. So planning should be made under consideration that whatever objectives we are going to calculate from the business, plan should stipulate end results and its associated activities to achieve that results. Objective may be set under the consideration of increase in monthly sale, profit or decrease in cost, operating expenses, check and balance on cash flows, debts, investments etc or non financial objectives such as customer satisfaction and whatsoever to give the positive edge to the business in the competitive environment. However, the selected topic would highlight the introduction of a new technology in an organisation in achieving its business objectives in following discussion. 1. Introduction Lots of executives nowadays are more sentient about the strategic weight of technology in terms of providing the value and cut-throat edge to their companies in fast pacing business arena. Such kind of needs turn into more crucial issues when we talk about their practical implications in any business as it comprises not only cost and complexity but also increase in the rate of technology change, sources and competition. This may sound uncomplicated in terms of designing it on papers, however putting it prudently into practice is not simple, as it requires valuable processes, management of technology and system to make sure that these technological resources are matched with the business needs, not only to cope with current demand but for the future needs of the business as well. Hence, no matter what technology is planned to introduce in the business, but it must considered that it assists the business processes such as communication and its implementation must be aligned with business strategy and development. 1.1 Technology And Its Appendage To Business We can define technology in many ways and the abstracts from the various definitions highlight different aspects that epitomize technology and this can be deemed as a precise type of knowledge however this may also be in material form in a shape of physical object, e.g. it can be a machine, system, module or product. Moreover, when we talk about important elements of technology then we come across with the sense that these elements distinguish technology from ordinary understanding to precise understanding of the company, as technology comprises with engineering and science. And the procedures which work effectively for its functions are also very important, for instance organisations structures and software applications / tools together with innovative procedures and advancement of new product etc. Obtaining awareness about the technology and accommodating it for its effective use is crucial, as technical know-how of any technology consists of both overt and unspoken knowledge. Where, overt know-how can be explained whether in a form of report, process or user manual, together with the physical equipment. However, unspoken technological knowledge can not be easily expressed and depends on training and understanding of work such as obtaining different skills according to the need of work. Equally like technology, we can portrait technology appendage to business in a way that it concentrates on the effectual recognition, selection, getting hold of development, utilization and shielding of technology needed to uphold a market place and business recital in conformity with companys objectives. So technology appendage to business can demonstrate as ascertaining and upholding the link between resources and objectives of the company and this requires suitable processes and tools sustai n by effective management and communication. 1.2 Management of Technology Once technology introduces to the business the next phase comes in the shape of its management which elucidate the demanding processes to build up an incessant relationship between product and services that it can produce desired results while serving to the target market. In this way it becomes easy for it to put together all technological issues arise during the business processes, including innovation, operation management, strategy development and new product development and ultimately the extraction of those issues with best solutions. Excellent management of technology requires the strong link of knowledge and communication among the technological and commercial perspectives in the organization and this would help to accomplish a balance between technology push and market pull. Thus, it does not only depend alone on either internal or external factors but equally on both factors such as business objectives, inside culture of the company and dynamics of the market. Following figure shows how technology can support to both product and services to achieve its best and cost efficient results while simultaneously focusing on business strategy and available market opportunities. Key Challenges As challenges are associated with all of the businesses, fields, professions, processes, etc similarly there are various challenges attached with the introduction of new technology to the business few of the vital challenges are as follows: Comprehensible Business Need The first challenge prior to decide the introduction of new technology to the business is Need and this must be taken into account with high consideration as cost of implementing new technology must not exceed the benefits originate from it. Otherwise lack of clear business need may affect worst to the business position and ultimately may put business out from the market. 1.3.2 Valuable Business Processes Once its decided that there is a genuine need of the new technology in the business and competitive advantage would be driven into the business, then there is a need to think about how to develop valuable business processes which would align all internal and external factors with the business strategy to achieve its objectives and it must not overload from limited or short term tasks only. Organisation Culture Culture of any organisation is vital for its success so new technology must be supportive to its culture and should participate in the effective progress of making culture stronger than the ongoing culture and definitely it should not impede the ongoing progress otherwise the introduction of new technology would be costly rather than beneficial to the company. 1.3.3 Right People and Functions There is also a need to ensure that right people and functions must be aligned with new technology as it all depends on the knowledge and skills so if the right persons are not put in place to exercise it or in the process of making functions to obtain competitive outcomes then the best use of new technology may concealed forever from the companys desired results. 1.3.4 Obligation from Senior Management Obligation from senior management is required for this introduction as they are in command to decide and use of the technology. As they are working for the best interest of the shareholders so every decision from them must be transparent and they are accountable and responsible for their actions towards the companys progress. Lack of commitment in this regard may affect worst on the decision of introduction of new technology. 1.3.5 Required Data / Information Availability of required data / information is essential that could support the companys decision for the introduction of new technology. Because this would help the management to decide whether these is a need for the new technology in the business or they can make outsource arrangements for the required processes without this data / information company may play blind ultimately associated cost would turn their profit into loss. Effective Tools / Techniques Effective tool, techniques and methods must be analysed which would be associated to the new technology as these should not either play a difficult or negative role in the companys ongoing processes. Consequently, these would leave destructive impact on the operations and company may face solvency or loss due to the introduction of new technology. Effectual Training and Monitoring Training must be provided to all of the staff members involved in the processes affected by the introduction of new technology as without the proper training they may face difficulty to use or bypass cost effective processes and finally monitoring is vital for the sake of observing the desired benefit calculated prior to the introduction. If company achieves its objectives then its beneficial and would give competitive advantage and if not then company always move with the contingency plan to depart from the use of new technology or processes. 2. Radio Frequency Identification (RFID) New Technology By Tesco Tesco is trying to develop the idea of introducing new technology Radio Frequency Identification (RFID) from last 5 years with a perspective to align it with its business strategy. 2.1 How It Works This technology has an ability to track and tag items, on the other hand its implication is enormous. For instance, the movement of stock can be tracked and in transit products can be easily monitored, so inventory of all items can be examined at any time. 2.2 Enhanced Customer Availability With the help of stock tracking in real time and ability to record it automatically, this technology will help the staff members to re-shelve the items on time. Eventually, it will be the reason for enhanced customer availability to the stores. 2.3 Reduced Pricing Through this technology control over the waste in store, effective supply chain management and better stock levels would help Tesco to reduce the products prices to obtain competitive advantage. In simple words products would be ordered in controlled manner such as Just In Time delivery before the stock ends and eventually minimum waste of it in store. 2.4 Enhanced Customer Services Due to control over all other aspects such as enhanced products availability, the staff would be able to provide excellent and focused customer services. As, they would get awareness of stocks in seconds of time whether items are available or not together with tracking the misplaced items and putting them back to their places. 2.5 Automated Re-order As, this technology keeps record of all items available in stores, in transit, misplaced in the store and control over the wastage of inventory. So, it would be possible to reorder items automatically based on the contact of minimum level of stocks of each item. 2.6 Implementation Issues Tesco is still working on this project to implement it in its stores but there are many issues left and need appropriate intention and secure programming. The main barrier around its implementation is the requirement of huge cost and without cost / benefit analysis Tesco is not ready to implement / test it in any of its stores. But it is expected that it will introduce in 2010. The other main issue which has to consider carefully that this technology has a potential of spy and this issue has already risen by Civil Rights activists. Also there is apprehension about the manipulation of data in terms of changing in the product price by customers. For instance, PDA (hand held device) may edit the tag of one item with the price of another. 2.7 Conclusion The idea behind introducing the new technology is that whether it endows positive and efficient results to what is currently in use by the company or not. So, the thing is company has to decide that whether they need to upgrade the existing technology already in use or introduce the new technology to achieve business objectives while taking advantage of the more profit, competitive edge / enhancement of operational activities or if they can push the business activities forward without introduction of new technology. Also company must take its vision in account and must ensure that this new technology is heading towards the same direction and has ability to dominate the future approach of performing a task in the companys favour or will it become obsolete after a little time (companys loss in terms of functional cost) or complex in use that customers will lean while using it at the time to buy a product (damage of image). Apart from the criticism about spy and other associated issues, Tesco knows that introduction of new technology has other short terms issues as well such as re-organising, re-training of staff, educating customers how to use it etc. Moreover, the cost / benefit analysis are left behind and has to analysed before the implication of this new technology. This is fair to say while concluding from the introduction of new technologys analysis that business would not obtain benefits if it is same alike so. And if without introducing new technology a business is already standing on the top of competitive environment then there is no need to introduce new technology to the business but hold the card to put off when any of the competitors changes its approach to come forward in the competitive business arena. 3. Approaches Of Introduction Of New Technology Once I read the available list for The Oxford Brookes University  Research and Analysis Project (RAP) by ACCA, I decided to write on How the introduction of a new technology can assist an organisation in achieving its business objectives and for this purpose I selected Tesco RFID to refer it with the different available approaches. Following are various approaches / levels / stages etc that every company may consider while functioning about the introduction of new technology to achieve their business objectives: 3.1 Planning Of Product / Technology This is the very common type towards the introduction of new technology in the business and it covers the entire processes that a company may come across with right from its start to its end. This stage helps the company to insert technology in their running system and contrived products. Tesco RFID prior to its development was taken into account with a consideration of individual customers understandings and needs. The idea was based on customers shopping experience and wastage of stock in the stores. So they planned to introduce a new technology that regulates with the current operational activities and this process can be seen in the following figure which shows the timely introduction and connection of products-technologies relationship on planning stage. 3.2 Capabilities Of New Technology After the planning stage, the next step companies consider for the introduction of new technology in their businesses is analysing the capabilities to handle the current operations of the organisation by new technology that it should enhance the performance of the ongoing processes and should not become the reason of either making it difficult to handle or making the current operations more complex than their existing way. Same as in the case of RFID, Tesco reviewed its existing operations and analysed that with the help of capabilities of new technology together with the management serving the customers by giving individual attention, the implementation of RFID would be very effective. The technology captured positive perception but still issues are associated with it and Tesco is working hard to resolve these issues. Tesco management knows that it would give them cost reduction benefit by controlling over the wastage of stock but the implementation is still delayed due to the high initial cost requirement and other issues. But, it seems like Tesco management is sure about technologys capabilities and exceptional services by staff members so they know that it would help Tesco to understand that how much investment is required to implement it properly and ultimately this would become a rationale in increased business activities plus profit. Following figure shows the interrelationship between all activities behind the introduction of new technology in the business to achieve its objectives. 3.3 Strategic Approach It is very important to keep in mind about the future vision of any introduction of new technology in the business as it comprises on the all vital aspects of the business environment including market, product, skills, technology etc. So prior to deciding for the new technology, companies should made the vision that what they are expecting from this new project that it should stroll along with all vital aspects of the business without having conflict with any of it. The same way, Tesco realised that they can save much of the costs they are wasting in a way of stock wastage and made vision that this RFID would produce excellent results in terms of increase in sales and reduction in costs including management cost and more important is that it is aligned with its operations and future vision. Following figure shows the how the strategic approach works for the business even to fill out the gap which turns up due to the comparison of current position with the future vision. 3.4 Information System Information system is vital part of every successful project and especially when thinking about to introduce new technology to the business. All of the projects essences up to its success are based on the right information on timely basis. If wrong information driven on the initial stage would mean the wrong decision for the future and ultimately it would drive company towards cost and loss of business. Tesco for instance, when initially took step for introducing the RFID they came across from many experiments in the shape of surveys and observing customers behaviour and they collected right information from its various outlets to make decision about introducing new technology. So, we can see from the following figure that right information on right time in the process of technology development provides the dominant outcome (e.g. nugget in the fig) leads to cost effective edge in the companys operations. 3.5 Asset and Management Knowledge On the basis of aligning available management and asset knowledge companies can portray the future demands. Asset knowledge relates to the processes on which management takes decision about the projects and their needs including introduction of new technology and this is the stage where management takes business objectives very carefully in to account. As Tesco on the basis of its knowledge and management skills enabled it to take a decision about to introduce RFID. With the help of following figure we can analyse that how all aspects of introduction of new technology in business such as assets, knowledge and management help to align all the processes while focusing on the eventual end of achieving business objectives. 4. Issues With Introduction Of New Technology Similar to all projects, there are various issues attached with the introduction to new technology and these issues must take into account very sensibly to achieve the desire business objectives. However the most import issue is Software, as almost all of the technologies are dependent on software that enables its effective use so companies must consider the following main issues related to software: Software should define all aspects of the business processes without any conflict with inter-related activities from enabling data, sharing information, to all templates and protocols. Software should enable management to retrieve data for decision making, analysing situations, and managing the complexities in the systems etc. Software must provide the critical paths of the activities along with available activities which can start parallel to the critical paths to save time and cost and eventually helping management to make timely decisions. Software must have ability to uphold market information, product-market analysis, option evaluations, assessment of technology up gradation etc. Software should have ability to customise it on timely basis according to the requirement to obtain utmost results from the technology. Software should have ability for integration of methods, processes and information. Software must have ability to facilitate the business processes from importing and exporting data simultaneously connecting with other management and business information systems. Software interface must be user friendly with ability to grow with company, this would mean that it must have ability to support multi-users as data would input from various locations and types. Must consider that only software alone may not produce good results as its role is just to support business activities and it depends on the management that how they utilise the best from the information generated from the software. 5. Pros and Cons Of Introduction Of New Technology Like every object new technology introduction also has pros and cons to the business as the logic behind the introduction of new technology is that businesses want to make their activities and processes more efficient as compare to their current available needs. 5.1 Advantages of Introduction of New Technology Following are the advantages of the new technology in business: 5.1.1 Cost Efficient The first and main advantage behind the decision of introduction of new technology is cost saving. 5.1.2 Productivity Increased productivity in terms of production, planning and efficiency is also one of the advantages associated with introduction of new technology to the business. 5.1.3 Reduction in Workforce Automated activities help companies to reduce the workforce eventually this would help as a source of cost saving. 5.1.4 Profitability As efficiency increased it reduces the cost so introduction of new technology to the new business allows work to be done more quickly which would mean more fluency of cash inflows to the business. 5.1.5 Employees Motivation Once company achieved its business objectives from the introduction of new technology this would means business is making profit. So, companies may think about remuneration increment or bonuses to their employees to increase their motivation level. 5.1.6 Effective Communication and Decision Making Introduction of new technology may help companies to communicate effectively with their long distance businesses point of sales and thus it would be easy for them to make decision according to the requirement of a particular area. 5.1.7 Competitive Advantage Companies always decide to introduce new technology with keeping competitive advantages in their mind. It could be offering products on low prices without lowing standard of products. 5.2 Disadvantages of Introduction of New Technology Following are the disadvantages of the new technology in business: 5.2.1 Management Main disadvantage is the introduction of new technology to the business might be difficult to manage. So with high consideration of genuine need must take in to account. 5.2.2 Skills New technology if internal, the company may require to arrange appropriate training for its employees or if external (for customer use) then may not be user friendly and thus beyond the range of use from large number of customers and this would generate loss in return. 5.2.3 Maintenance The maintenance and up gradation of technology to keep it effective may incur more cost than its benefits. 5.2.4 Other Costs Other costs may be in terms of redundancy pay to the staff due to the introduction of new technology and purchasing it for the entire branches of business. 5.2.5 Time Factor Introduction of new technology may obsolete more quicker than the time company calculated to obtain benefits from it. 5.2.6 Integration Introduction of new technology may not integrate with all of the business processes or may bypass various activities which may be important to take into account for the effective outcome. 5.2.7 Substitute Substitute of the technology may be more efficient of cheaper than the technology company is going to arrange for its business activities. This would mean inefficient and costly decision by management without making proper research. 6. Conclusion From all of the above discussion we can abstract that introduction of new technology (if genuinely required by the company) has great potential to support the development and implement of business activities, align with strategy of the company while endowing a company with the effective information, processes and tool to obtain positive outcomes. The following features of introduction of new technology have identified: A lot of benefits of new technology are taken from the business processes and these processes brings together personnel from various divisions of the business endowing them chance to share effective information and their perspectives towards the development of new technology. The obvious advantage to develop and introduce the new technology is based on the effective communication which is associated with business processes and eventually with the strategic planning. The new technology development may have potential for supporting business planning and strategy to achieve the business objectives sketched by businesss vision. New technology introduction is not a black box approach that it would use as a learning experience or flexible approach that it would base on specific circumstances. Introduction of new technology should articulate in graphical form as it is the most effectual means which maintain communication across useful boundaries prior to the development of processes under new technology. New technology must integrate with technology already in use, products development, business processes and commercial activities by the company. New technology should overtly describe the time measurement which is significant for certifying that all business related activities are synchronised effectively. Introduction of new technology must focus on long term vision of the company as the initial investment for the development, implementation, and training about new technology costs as a huge expense to the company. Software plays an important role in every application in the technology. It may alone can not deliver the best results unless it is made as user friendly and integrated with all other related aspects of the business Finally a key benefit of introduction of new technology is sharing of knowledge among all the personnel even if around the globe and the development of strong and common vision where company is heading. 7. Recommendations After working about the implementation of RFID by Tesco and attached issues to this project following are few recommendations for its growth: YE ABHI CHANGE KERNI HEIN Establish Technology Management Practices Create IT Management Team ORG does not have a formal technology management team. Given the size of ORGs computing environment, CompuMentor recommends ORG develop an Information Technology Management Team. This team will drive the overall direction of technology and information systems. We have found this to be the most sustainable and cost effective way to manage the technology projects and systems that ORG will be developing. This team can be comprised of existing staff through a reallocation of their time depending the existing staff skill set, interest and budget considerations. Benefits Allows all staff to begin discussing needs, ideas and directions for technology. Provides a realistic technology budget that takes into account the organizations technology plans. Becomes a focal point for future technology planning, and specific technology projects such as web site construction or database planning. The diverse membership of the tech team can help ensure that such policy is useful for all members of an organization. Recommendation ORG should develop an Information Technology Management Team pooled from its existing staff. The team works to set technical priorities, assist in decisions in technology plan implementation and advocates for technology in the budgeting process. The team is made up of a representative cross-section of the organization. This will be increasingly important as ORGs technological capacity grows and the needs of its users become more diverse. The tech team ensures continuity for planning that outlasts the tenure of any one individual. The tech team should ensure that members also share training opportunities. Document Policies Procedures In order to most productively manage the technology usage at ORG it is important for the organization to document common computer procedures and computer usage policies and to train staff members on these policies and procedures. Recommendation The series of training materials that Miriam has produced should be finalized and deployed to all ORG staff members. Computer usage policies should be drafted and posted at each location. Improve Network Server and File Security. ORG should standardize and improve its network security. The mix of local vs. server accounts and the lack of standards for file organization and file sharing not only requires more overall administration; but also puts ORGs data at risk from loss, theft, or access to private files by individuals who should normally be denied access. Recommendation In order to provide a consistent model among all of its offices ORG should follow a standard set of guidelines for storing and sharing files. Additionally, all user accounts should be centralized on the servers at each location. A consistent file storage and sharing model will help users across the organization to know where to put files so that they are secure and confidential. Considerations This recommendation should be considered when planning to replace the network server at the unified Peabody/Whitehall office as many of the tasks below could be most quickly performed on a new server. Evaluate need for regular systems administration. Due to the size of ORGs organization, it should consider how much time is spent administering various systems and resolving day-to-day user problems. ORG presently has a person at each location designated as the defacto administrator. This role is in addition to their regular mission oriented duties. Recommendation ORG should track its daily user related issues and the amount of time it takes to resolve them over a period of time (30-60 days). Evaluate the time requirement to resolve such issues in order to identify if further scheduled support service or a full-time administrator is required to free up the time of the present administrators and to provide better service to staff members. Establish a formal technology budget. ORG pr

Self Reliance - Society never advances :: Self Reliance Essays

Self Reliance - Society never advances "Society never advances. It recedes as fast on one side as it gains on the other. ... For every thing that is given something is taken." Emerson, "Self Reliance", p 169 I agree with this statement, and it frustrates me to no end. Our country is screwed up in every direction one looks. People are starving while others have too much money to spend. Our population is out of control. We pollute to no end. Ours is one of the best countries in the world? Society’s tumors seem to keep growing but I want them to end. These problems disturbed me to the point of depression when I discovered them but now I can handle my knowledge. One thing that has helped me is learning about American history. I thought that we teetered on the brink of imminent collapse with budget, environmental, and social problems, but I have learned about the problems that America has dealt with over the years. Now I know that this time period is no worse than the past. Yes, no worse than the past, but like the quote suggests, no better either. We keep trying for advancement, starting new social programs and developing new scientific solutions. Sometimes we make a little headway. When penicillin was discovered, it was a great boon to the medical industry. We are well on the way to loosing that gain as anti-biotic resistant microbes invade our bodies. We have eliminated slavery and segregation but the gap between the rich and poor has grown to compensate for this victory. We make scientific progress yet there are more ox-carts in use across the globe than there ever have been in the history of mankind. Are we actually making progress? I write this on a machine more powerful than the entire computing power of the world just sixty years ago.