Integrated Customer Ordering Service

Integrated Customer Ordering Service Introduction (107 words) In this coursework, I have tried to discuss how Information Systems play an important role in the functioning of an organisation. An adequate Information System is a must requirement in todays technology-driven and competitive era. I studied about a system integrated in Marks and Spencer for improving its ordering system and thereby proving to be a reason for its return on investment. The Information system helps to control, coordinate, analyze, interrelate data and also supports in decision making. I have explained how application of an Information System can support organizational success and efficiency by increasing profits and providing services that are easily accessible to meet the needs of organisation in such a way that the organisation can keep up the standards and services smoothly. Marks and Spencer (172 words) Marks and Spencer is one of the leading retail organizations in UK which sell stylish, quality and great value clothing and home products , also quality food. They are one of the most popular brand among people not only in UK but globally. They have more than 600 stores in UK and constantly increasing many more around the world. It was founded when in 1884, Michael Marks opened a stall at Leeds Kirkgate Market. In 1901, its first registered store was located at Derby street , Manchester. By 1924 they started expanding and the head office moved from Manchester to London. Implementation of new policies and maintenance of services and value kept on adding to the success of Marks and Spencer. In 1998, it became the first retailer to earn a profit of  £1billion. The organisation commonly called as MS has always followed the principles of Quality, Value, Service, Innovation and Trust since its founded. This is the reason why it has been successful, distinguished and popular among people. Need of the Information System: Integrated Customer Ordering Service (373 words) MS was facing several backlogs in order processing and complaints were increasing day by day. The company had invested a lot to move ahead in this competitive environment but was unable to overcome this problem. The need of the hour was to have an customer service ordering information system implemented which can accurately and assuredly keep away these problems which were an obstacle in the success of a great retail organisation. The retail market is immensely competitive and keep on upgrading their information system to meet the requirements of services. MS started using up-to-date information system in its ordering system which made it stand different from other rival organisations. On 19 April, 2005 Marks and Spencer signed an alliance with Amazon Services Europe. In this agreement, Amazon Services Europe will host and provide with synchronized information system to MS websites, telephone ordering systems and in store ordering systems. ICOS was launched in 2006 and was based on Microsoft Windows NT Server and Oracle 10g databases. It also comprises various intelligence tools using DOS applications and is called as Rumba Server in MS. This system enables ease of access of data and information across all stores and offices of the organisation. The system is efficient in dealing with the orders , vendors, manage information across the organisation, control the supply of incoming and outgoing products through a common database which gives solution to all problems related to above categories. The business process improvement team has not only developed this application but has also installed it in all stores where in store ordering is available. The information system had to meet challenges like connecting all stores to common database so that all product related information and management related information could be shared across. It was not easy to interrelate thousands of product data and ordering information on websites, in stores and in offices. The system application must be in a way that the data is easily accessible through all channels and can be used through company intranet without paying heed to its location. The system included taking orders, order processing, order dispatch, order location, stock control and order prices. This helped MS to expand their business systematically. Working and Benefits of Integrated Customer Ordering Services (849 words) ICOS is an information system application used by MS employees for various in store functions. This information system comprises data of all products like food, clothing, home ware etc. Each product of MS has a unique identification code called as UPC number which is used in ordering. In a situation where customer wants a certain product for e.g. a TV, and that product is either unavailable or is a special requirement that has to be made or is not displayed in the store, that is when this system plays its role. Order Taking: Every user or employee as its unique ID or access code and a password which makes this system highly secured and prevents it from unauthorized access. An employee assigned to take orders enters his ID and password to find out any information or to take any orders. When a customer orders certain product the agent enters its product code and the whole information from product details to availability and prices is displayed which can be conveyed to the customer. There is a tool bar which consists of different options available for the agent to save information from customer like name and address. This tool bar also has information about billing and lead-time of all products. Some products might not be displayed in the store while some can only be delivered like furniture. The system also proposes extension in delivery time to any date. As and when the agent enters customer name and details, a customer profile is created and a customer code is also generated and saved in his/her profile. The next step is payment. Once all required information from the customer is saved their is an option of payment on the tool bar. When that option is clicked several payment methods are made available on the screen like cash , visa card, credit card or cheque. The agent asks the customer and select the option that is told by the customer. Once all this information is submitted and payment is taken the customer is handed over with a printed receipt of product and money transaction details along with the unique customer code. Order Enquiry: If the customer wants to enquire about the order in future he/she just need to give his unique code to the employee. Once the code is entered on an option of enquiry on the tool bar the detailed information about the product is retrieved. This information states the status of dispatch or progress in order and also status notes entered by the manufacturing department. This information can further be stated to the customer. If required a receipt of the order confirmation can also be provided to the customer. Order Upgrading or Editing: This option on the tool bar enables an agent to add or cancel certain products from the order. This option is also used to edit customer details like address or shipping date or further payments. When an alteration or amendment is to be made, the agent enters the customer code and the information related to the order pops up on the screen. This states if a particular order can be cancelled or not e.g. certain product is a special manufacture order already in process. Special Offers: Many times there are special offers available with certain products like buy one get 25% off on other. All these offers are already saved in this information system and is updated from time to time. Not that there are so many employees working in MS and all employees need to be informed, so a hasslefree alternate is that ICOS already comprises these schemes and offers. There is an option of diary where these details are stored. As the agent enters his code to acquires access , he/ she can review the promotions and sales for the whole day and also take a printout if required. Order Reports: The orders taken throughout the day are stored in the system and can be retrieved as a whole or product category wise. If an agent or manager wants to know what all is sold or how many orders were taken throughout the day, they need to enter their ID and click on reports. The data is immediately available. If they just want to get report of the number of TVs sold they can get separate report as well. In this way the whole day report or report till a particular time can be seen in a summarized manner. Order Display Availability: If an agent in one store wants to know the availability or display of a product in any other MS store he/she can just use the tool bar for display search or update search. This possible because as mentioned earlier all store are networked and data of all products in all stores are available to each store. ICOS helps MS employees to provide hassle free information to the customers and also helps taking quick orders leading to save time both of employee and customer. It also plays a very important role in uplifting customer loyalty. Evaluation Technique (171 words) In this competitive market, it is very important to maintain exceptionally good production and customer services. Implementation of ICOS enhanced competitive advantage to the organisation, thereby maintaining its position. Competitive market requires different and creative ideas to keep up the organisation status. Constant improvement and subsistence enables an organisation to continue with an uplifting business in the market over a longer period of time. According to the changes in market and needs of consumers it is very important for an organisation to keep changing strategies and technologies. Competitive advantage is based on potency to cope up with the rapidly changing market. MS acquired unique skills to overpower its competitors by implementing ICOS. It evaluated the value of competitive advantage. Therefore, it decided to acquire the ordering system which changed and organised its working so much that other competitors couldnt. MS worked on the competitive advantage to combat and sustain in the uncertain market. Competitive advantage empowered MS to grow its profits and give high customer services, thereby conserving the bond . Critical Assessment (281 words) ICOS proved to be boon to the organisations. It replaced the old fashion of ordering through fax or telephone across the units which involved manually entering data. The old process was highly time consuming as well as error prone. The new ordering system entered as an effectual way of providing high customer service, more number of customers handling, quicker response to customer queries, faster processing of orders, and above all having competitive advantage. Integrated Customer Ordering System as set up information flow across all MS outlets and offices to give quality services. MS understood its competitive advantage and focussed on exclusive strategy to sustain in the corporate market. Their sales and advancements have achieved higher levels among competitors. Customers are satisfied by the quick order process, be it in the store or home delivery. Marks and Spencers evaluated utilisation of maximum resources and importance of competitive advantage. Implementation of ICOS helped everybody right from employer to employee to customers. The sharing of data across all units of MS made the work so easily accessible that it could manage very effectively and efficiently. MS has now focussed on development and research for expansion which has come into practice because their information system has made them free from most of the hassles. Now they can tactfully just look forward towards expanding of business. The investments turned out to raise huge profits leading to increase in productivity and also reducing costs. ICOS has proved to be and information system which has given new heights to the company and an ultimate transformation to quality. The investment raised huge profits from this system and it was a transformation to the organisational working and approach. Conclusion (157 words) With the fast growing competition in the corporate market it was very essential for MS to adopt an information system which can handle its data and order processing. All organisations are heading towards acquiring information systems to ease up their work and management. MS required a system which is distinctive and can keep up pace in changing and challenging environment of the competitive market. ICOS provided MS with an altogether different status in the market by upraising profits and giving high returns on investments. It has transformed the organisation and helped in higher productivity, customer loyalty and synchronised working. I could complete my detailed research on this information system by the help of MS manager, Central London where I had worked for 6 months. Its my personal opinion that the ICOS is so efficient and it makes ordering so simple that I almost had to do nothing apart from interacting with the customer or storage unit. References http://corporate.marksandspencer.com/aboutus/ourhistory http://annualreport.marksandspencer.com/operating-financial/financial-review.aspx http://corporate.marksandspencer.com/investors/press_releases/company/19042005_MarksSpencerandAmazonServicesEuropeannounceEcommerceagreement http://homebusiness.about.com/od/growing/a/comp_advantage.htm

Changes in Ritas Character throughout Educating Rita Essay -- Educati

Changes in Rita's Character throughout Educating Rita With reference to the social context of the play, discuss the ways in which Willy Russell shows the changes in Rita’s character throughout Educating Rita. In the play Educating Rita by Willy Russell there are two main characters, Rita and Frank. Rita is a twenty six year old uneducated hairdresser. She wants a better life for herself; she wants to have an education. She didn’t get a full education at school as she says, ‘See, if I’d started takin’ school seriously, I would have had to become different from me mates, an’ that’s not allowed.† This shows Rita felt she could never take education seriously because it was for the ‘wimps’ and she didn’t want to be different to her friends, and her family didn’t regard education as being important. She goes to the Open University to further her education in English literature. In the Open University there is a professor called Frank, he will be tutoring Rita. Frank has a drinking problem and he also thinks he is a bad teacher. He says, â€Å"Everything I know – and you must listen to this – is that I know absolutely nothing.† He thinks literature and high culture have given him nothing in life to value, that’s why he thinks so poorly of his job. In the play Willy Russell tries to show the ways in which Frank and Rita communicate. When Rita first walks into Frank’s room she is full of questions, she has a lot to say. It seems as though she is full of life. Frank describes Rita, â€Å"Do you know, I think you’re the first breath of fresh air that’s been in this room for years.† Frank likes it that Rita is different from his other students because the things she says come to her naturally. Rita has not been tr... ...ere she is eager to learn, as she says, â€Å"†¦Ã¢â‚¬ ¦..if you want to change, y’ have to do it from the inside, don’t y? know like I’m doin’.† This shows Rita wants to change. She also goes to summer school in order to learn more; by going to summer school it boosts her self-confidence. Then she moves in with someone called Trish, who she admires and now because she has changed, has a lot in common with her. The things Rita has done, which are to have taken great lengths in getting an education, show how serious she is about her desire to want to change herself. She even separates from her husband for the reason that she chose education instead of him, in an ultimatum her gave her. She has tried so hard to succeed and now that she has, I think that is being realistic. No one handed her an education on a plate, she worked hard for it, I this that is realistic.

Banking Industry in Malaysia Essay

Money is closely linked to our lives, so the financial institutions become an inevitable and important part of our lives and people are always focusing on the situation of financial institutions. So the banking industry is the most suitable topic to study. Then, we decided to use scenario model to analyze the industry (Showed by diagrams 1). Diagram 1 After analyzing the situation of the industry, we choose ten years because it is the most proper time for our scenarios. The environment can not reach the enough degree to support these scenarios if the time is too short. On the other hand, long period of time is hardly to forecast the future careers. In the process of searching materials about banking industry, we found the major Stakeholders influencing the industry. They are government, consumers, and competitors in term of development of banking industry. The banking industry in Malaysia started from the early 1900s , in 1913 Malaysia’s first domestic bank – Kwong Yik (Selangor) Banking Corporation (now Malayan Banking Berhad) was set up, as thriving profits from rubber plantations and the tin industry. Besides, a statutory body, Bank Negara Malaysia (Central Bank), which is wholly-owned by the Federal Government, was established to the need for a governing body to oversee the activities and operations of the numerous banks in the country. Now, In Malaysia banks mainly consist of commercial banks, Islamic banks, and merchant banks. In addition, Malaysia has become an international Islamic Financial centre (Edge, 2006). As far, the banking industry in Malaysia has made conventional banking products and services, such as deposits and loans or hire purchase, taking on more advanced features, which are facilitated by advanced technological developments and make bank customers easier and simpler methods and processes of going about their daily banking. Furthermore, it also has introduced new products and services like credit and debit cards, investment products, financing products and services, and so on. RHB bank, which stands for Rashid Hussain Berhad, from throngs of banks for some reasons. Firstly, we are more familiar with it for it is a bank surroundings our. Secondly, we think it has a great potential RHB Bank is one of Malaysia’s leading financial service providers, offering commercial banking, corporate and international banking services. RHB Bank has built an impressive 200 branch network across Malaysia and also has a number of overseas branches, the majority in neighboring Singapore what’s more, after being acquiring by government in March, 2007, it becomes more competitive compared with other banks (Edge, 2006). Identify and discuss on the main driving forces shaping and affecting the industry. Business organizations exist to turn inputs from their environment into goods and services which customer in the environment want to purchase. This transformation process within the organization cannot be seen as a steady state, because external environment influences have a tendency to be continually shifting, having the effect of undermining the current balance within the system. The environment influencing business organization mainly involves the macro-environment, the micro-environment and internal environment. In our essay, we will use macro-environment, which comprise political, environment, socio-cultural, technology, legal and ecological factors, to analyze Malaysian banking industry environment. Political The political environment is one of the less predictable elements among them. In Malaysia, the Government has proposed that Malaysian-owned banks be given five-year tax exemption on income received from their new branches or remittances from subsidiaries overseas, operating within the three-year period, from the year of assessment 2007 to encourage banks to expand overseas and establish a regional presence. Furthermore, the Government will establish an Overseas Investment Fund (OIF), with an allocation of RM100 million to provide soft loans to domestic companies to finance start-up  costs of doing business overseas (Amparo and Sickles, 1994). Furthermore, to attract more foreign funds and streamline tax treatment on profits or interest income received from all financial institutions, the government proposed that profits or interest income received by non-residents from financial institutions should be exempt from tax. Economic Malaysia has been experiencing a promising economic since 2005 under the marked growth of global economic, real economic growths in Malaysia has been strengthened and real gross domestic product of Malaysia has been expanded from 2005, with growth gaining momentum since then. This growth was driven mainly by private sector activities. Real private consumption expenditure is keeping sustained at high rate, driven by continuing income growth, stable labor market conditions and strong consumer confidence. When the business activity become flourishing, people are reluctant to keeping savings, however they have strong willing to invest to increase their money value (Aziz, 2005). Monetary transactions are conducted in Ringgit Malaysia (RM) and sen, which is the Malaysian paper and coin currency respectively (Kadir, 2007). Credit cards are also accepted widely in commercial businesses, while travelers’ cheques may also be changed at any commercial banks, hotels and authorized money changers. This will bring banks desirable opportunities along with the increase in the number of traveler to Malaysia. Government influences on macroeconomic activity through such means as fiscal policy, monetary policy. As for fiscal policy, the Government introduced a stimulus package, which focuses on selected projects with strong linkages to ensure maximum stimulus to economic growth and short gestation periods while meeting socio-economic objectives, worth RM7 billion to boost economy recovery. Since early August 1998, monetary policy has become accommodative by reducing interest rates to reinforce expansionary fiscal policy and revive the economy (Aziz, 2006). The intermediation role of the banking institutions came to the forefront during the crisis period. Banking institutions were excessively cautious in their lending decisions, causing a sharp slowdown in credit under an environment of uncertainty, to avoid a credit crunch situation. Banking institutions with sufficient capacity were encouraged to achieve a minimum loan growth rate of 8% for 1998. The motivation for the 8% credit floor was to free the banking institutions from the self-imposed credit freeze (Kadir, 2007). Technological The Government is also playing a vital role in technological development of banking industry in Malaysia by promoting E-payments nationwide. As most of the individuals and business have payment transactions with the Government. This practice will help to store and collect bank account numbers, E-payments and receipt notices and instructions for how to do these electronic payments. According to the BNM, 2005 all corporations and institutions at this forum the course of action result of reengineering in organization to fully use of E-payments that provided by financial institutions and outworkers (Appelbaum, 1991). E-channel, online banking systems are using computers, telephones and the internet. ATM is the most commonly used electronic channel through out the country facilitate bank customers to conduct transactions 24 hours in a day. Phone banking is also another e-banking option can be use 24 hours a day and can made all type of transactions. RHB is using Tele-banking known as remote banking. PC banking is the 3rd form of e-banking that could be done by downloading application software in house or office. Technology varies as the time passed like the ATM & Telephones was the first Multimedia wave invented 30 years ago after that it includes some more features of PCs & Online services. Along with them E-cash stored are smart cards and Interactive videos no need to go to ATMs to withdraw money because technology hooked to any multimedia devices such as PC, Interactive TV and also Cell phones. Onyx Software Corporation has been appointed by RHB Bank to develop its  customer relationship management (CRM) initiative and build an enterprise-wide platform designed to enhance its ability to meet customer needs and improve integration between the sales force and customer call center in an increasingly competitive marketplace (Appelbaum, 1991). Threats were disintegration, the cannibalization of existing delivery channels, risk of standardizing on the wrong technology platform and the inability to keep pace with changing technology. The obstacles included security risks, network and system instability and the difficulty of integrating different systems. Socio-Cultural This consumerism society was only created dues to the banking system encourage ‘buy today, pay tomorrow’, which makes a maintained push to drive up retail customer numbers. At present, the number of Malaysian aged 60 years and above is estimated to be 1.4 million and is projected to increase to 3.3 million in the year 2020. It also increased over the years. So number of people aged 60 can do work more number in future years. As Malaysia is the Muslim country so Islamic banking is very important factor in banking industry. Malaysia life style people love to do shopping and visitors comes from all over the world banks can extend their existing Privileges and Benefits programmes in Malaysia. Banks are targeting a new generation of life style driven people who celebrate in freedom, traveling and giving their lives new perspectives (Alexandrov, 2000). The banking system with all its complexities, challenges and opportunities touches virtually all aspects of customer’s daily lives. Using a credit card to make a purchase, writing a personal or business check, paying bills and moving funds online or accessing your funds through an automatic teller machine daily used in the banking system. There is certainly significant data to suggest that profitability,  business growth and increased market penetration could be the outcome for the banks that aggressively pursue the minority community as a business objective. Fortunately many banks across the country are recognizing the business value of minority communities as emerging markets. It is because 40% of the Malaysian population consists of minorities (Alexandrov, 2000). Ecological Business does not operate in a vacuum. Activities inevitably lead to a series of ecological and social impacts (Anonymous, 2002). At the bank, through the provision of finance and banking services to a wide variety of business customers, can be more far-reaching and profound than the direct impact of our actual operations, so they have put measures in place to ensure that this impact is managed. 1) Social Responsibility †¢ Anti-money Laundering It is the disguising of funds derived from criminal activity to give them legal respectability. It has been estimated by the International Monetary Fund that such financial flows are equivalent to between 2% and 5% of global Gross Domestic Product (Clavin, 2001). With effect from December 2001, the Financial Services Authority (FSA) has assumed greater formal powers to supervise and enforce corporate and individual compliance with laws and regulations relating to money laundering (Clavin, 2001). For instance, all bank staff are obliged to report any transaction which they suspect might be related to drugs, terrorism or other serious crimes. Equally importantly, they are instructed not to reveal to a customer that they are being investigated. Besides, the Co-operative Bank is in the process of implementing additional awareness and training measures to underpin its full compliance with FSA requirements. Additionally, a money laundering helpdesk has been launched to help staff with any queries. 2) Health and Safety The Co-operative Bank’s Health and Safety Officer has provided one to one training with managers and team leaders. The bank took part in the â€Å"European Week for Safety and Health† and was recognized by the Health and Safety Commission for its efforts towards raising Health and Safety awareness. Formal accredited training has been delivered to facilities staff to improve awareness and assist with their Health and Safety inspection responsibilities. A staff handbook has been produced and distributed to raise staff awareness of the Co-operative Bank’s absence policy. During 2002, the bank made further investment in occupational health services with the expansion of the medical services unit. 3) Protection of Natural Environment †¢ Ecologically-sound Paper Global paper demand is the single largest use of wood fibre. In order to relieve pressure on the environment and reduce the amount of paper waste going to landfill, banking industry should aim to use increasing amounts of ecologically-sound paper which is considered an efficient use of resources and protects old growth forests from logging. When compared with virgin paper, the use of recycled paper substantially reduces water consumption, energy use, air pollution, and water pollution. Furthermore, the Co-operative Bank has been seeking to use the most ecologically-sound paper available for the majority of their activities for the past five years. Likewise, the disposal of paper waste also has significant ecological impacts. During 2002, the bank recycled 657 tonnes of paper (Allsop, 2001). Analysis on models. 1) Sky Land There is no need to establish too many banks anymore! In addition, banks need not fiercely compete with each other for choosing the working places. The banks can retract the working places in order to save costs for hiring employees, paying electricity fee, and rental fee. Likewise, from the perspective of ecological environment, it can save lots of resources, such as electricity and papers. Although there is only several banks do the operation for the numerous numbers of customers, â€Å"Sky Land† makes banking industry to be more available, efficient and convenience. Pro If the banks retract some places of their business network, they can save cost, such as kinds of resources, the rent of the place, electricity, labors and the like. Therefore, the banks can save the money. Con In regard to the pace of developing technology and attitude to the new high-tech, the technology will not develop the level to support the plan to be applied in 10 years. Hence, banks can not implement this scenario. In addition, some people may not have their own computer or even telephone or phone. Therefore, they can not get in touch with banks. Conclusion This project cannot be successful, because not sure for the technology either can achieve the enough level to support this project. 2) FRV Nowadays, hackers keep increasing in technology manner. Banking industry has to summon the way to solve the problem. FRV is a system includes fingerprint, retina and even voice identification functions, the highest technology system. Every people have different voice, retina, and fingerprint, efficiently make use of them are benefit to banking industry. For instance, customers have to put their fingers on the fingerprint machine that verifies their personal identities, includes get to know the amount of money. Likewise, voice can differentiate each people and it can be used in  saving and drawing. In addition, their retina has to be checked for transferring. Moreover, banking industry invents â€Å"FRV† which includes fingerprint, retina and voice and customers have to do them in the meantime for recognizing their identities. Furthermore, it puts aside the troubles of bank book, bank card, and even credit card. For instance, fingerprint, retina, and even voice system combine together and install into the ATMs, people use their fingers or eyes to save or draw money, instead of their bank cards. Pro It is safety for customers to make transaction with banks. Besides, it brings a lot of convenience to customers who can go to bank directly without carrying anything. For banks, they can save some overheads and make more profits, for they can lay off some employees. Con It will take rather a lot of money to introduce the fingerprint and retina system in the banking industry. The system is only a tool, it is very instable. For instance, if there is a bug we do not know, it may destroy the database and loss the information of customers, and make lots of loss. Conclusion This planning can be success, because the fingerprint and retina system is already mature. This system has been applied in detecting criminal case by policeman; example is â€Å"Henry system†, which classifies each fingerprint in terms of its arches, loops, whorls, composite style prints, and the location of certain fixed points and ridges. It is easy for banking industry to put it into practice. In addition, this project will improve the safety of customers a lot. Therefore, this system will be popular in the banking industry in the next ten years. Recommendation The banks who want to introduce the FRV have many barriers, such as costly and instable. Despite of these which are also can be solved easily. They can ask the suppliers who are familiar as they can give more discounts for them.  Furthermore, government is a good supplier as they can support the banks for introducing the system. Yet, employ engineers for repairing the systems when they are spoiled. Using â€Å"Backup† and â€Å"Defragmenter† are also the ways to reduce barriers. In addition, they also can establish a department for checking the system daily or monthly. 3) Automatic Bank Operator Along with the society development keep advancing, banking industry is able to introduce much more high-tech equipments. Firstly, the banks just only have to possess computers and phones with high technology â€Å"Automatic System† which includes automatic responding and do transaction for customers. Besides, they only have to hire a few employees to operate the computers. Secondly, customers can contact with â€Å"Robot Operator† to save, withdraw, and others banking functions. Be more bravely, it is better to invent â€Å"Robot Operator† which does transaction for customers. Thirdly, customers use the computers through the Internet to have a connection with the banks which includes â€Å"Automatic System†, giving responses to the customers via â€Å"BCR† (Banking Chat Room) that chat online which can contact with lots of customers in the meantime. Moreover, banking industry merge the three functions which is called â€Å"ABO† (Automatic Bank Operator), can save much money and earn a tremendous of money in the future. Eventually, in the next ten years, banks do not need employees to transact the business. Pro The â€Å"Automatic System†, â€Å"Robot Operator†, and â€Å"BCR† can do work instead of human, and banks incline to lay-off employees. The banks directly save much money in overheads. Con It costs much money for the banks as they have to invest a tremendous of money into this high technology equipment. Furthermore, it also needs longer time to get back the costs of investment and even much more long time to get profit. When the technology system goes wrong and cannot be operated, which cause the transaction be more trouble and the banks have to pay for their  mistakes. Moreover, they also have to employ engineers repair the system. Recommendation The banks can ask government to support their â€Å"ABO† in investment as these investments have to put much capital into it which is very costly and risky. Besides, they can search the suppliers who sell the raw materials and equipments to be cheaper or given discount. 4) Loving Needy In the next ten years, there are many countries will become ageing population society, the tremendous of old folks are retire or disabilities who do not have enough money to sustain their lives. Therefore, they need money to make their lives become better or even just only need to survive. In turn, the government needs more money to the welfare work for the needy. For instance, the government does a policy that is named â€Å"Loving Needy† to require the entire banking industry reel off 10 percent to 50 percent interests of the customers’ deposits. It is available and efficient to the whole society. Pro The needy can get the money via â€Å"Loving Needy† to have better live. Besides, the banks can reduce the welfare costs in other ways. Con It seems like the banks oblige customers to real off their portion of deposits. They cannot do anything to reject the government, else they just only can do strike on the government daily for rejecting them to do it. Conclusion All the banking industry does to the needy are correct and available. They ought to do this welfare work more often and even throughout the world.

5 5-Paragraph Essay Topics Meet the Top Popular Issues to Debate!

5 5-Paragraph Essay Topics Meet the Top Popular Issues to Debate! A 5-paragraph essay is a standard writing for schools and universities which in its specific form implements the structured text consisting of five paragraphs. That is where the name comes from. Such papers are mostly used to discuss various points and for this reason always have a strong argumentative constituent. Therefore when choosing a topic for a five paragraph essay one needs to remember that the subject needs to involve some ambivalence or have several points of view at the subject that might be disclosed. The 5-paragraph essay topic must enable you to draw strong argument to support or reject it so that the effects on the reader you are aiming at is reached. Most of the time students choose some popular or urgent social issues that are rather disputable to be the subject of their five paragraph essay. The diversity of such topics can spread from social minorities to world affairs and a very important advantage here is that there always exist several standpoints opening a good perspective for strong convincing arguments. The structure of a five paragraph essay is purposely set that way when every paragraph starting with the introduction is leading through the topic building up on the argument to present you a concluding viewpoint. Nevertheless choosing a good topic is a key factor on the way to successful essay. Since such type of writing does not involve any detailed description and broad discussion the topic should preferably be brief but catchy and known to the majority of the poten tial readers. Whenever you are going to write a five paragraph essay start with a thorough topic selection which will play its part in the whole writing process and help you create a good paper.

Should Frank Lloyd Wright essays

Should Frank Lloyd Wright essays Frank Lloyd Wright was born on June 8th, 1867 in Wisconsin. His heritage was Welsh. His fathers name was William Carey Wright; his occupation was a musician and a preacher of his faith, Unitarian. His mothers name was Anna Lloyd Jones; her occupation was a schoolteacher. It was said that his mother placed pictures of great buildings on the walls of his nursery in order to train him to become an architect. He spent most of is life on his Uncles farm near Spring Green, Wisconsin. Frank briefly studied civil engineering at the University of Wisconsin in Madison. When Frank was twenty years old, he moved to Chicago. After he moved there, he got his first job in an Architectural Firm of J. Lyman Silsbee, he worked there for about a year. In 1887, he got a job as a draftsman for Adler and Sullivan; here he eventually became chief draftsman and residential design. Under Sullivan he began to develop his architectural ideas. In 1889 he married his first wife Catherine Tobin. After awhile of developing his own ideas he started to design bootlegged homes which meant that he was going against the firms policy of moonlighting. When the firm found out what Frank was doing, he was fired. These were the start of Wrights low, sheltering rooflines, the prominence of the central fireplace and destruction of the box open floor plans. In 1893, Wright started his own firm; he first worked out of the Schiller Building (designed by Adler and Sullivan). Then he moved into a studio which was built onto his home in Oak Park. Oak Park was an affluent suburb of Chicago, which was located to the west of centercity. From 1893 to 1901, about 49 building designed by Wright were built. This period was brought together by concepts of prairie house ideas. In 1909 he developed and refined his prairie style. He founded the Prairie School of architecture. His art of this early produ...

Management Insight Research Paper Example | Topics and Well Written Essays - 250 words

Management Insight - Research Paper Example g days is known to adhere to ethical practices then when the time comes in the future for placing a person on a position which requires a flawless record then this trait might prove to be useful. Similarly if one has been active in Social Responsibility programs since their early days then the experience gained in this can be used in a manner which is beneficial to both the organization and the society (Loviscky et al., 2007). Businesses in search of new markets and more capital are increasingly expanding not only within the country they originate but to other countries as well. This has given it a global touch and has made the decision making process all the more complex in this environment. Taking into account the conditions of the country it is operating in is of vital importance (Levy, Beechler, Taylor, & Boyacigiller, 2007) I would add IT management as another key outcome to modern management which will be due to the ever-changing nature of businesses processes and the technology being used in it. If I am equipped with this skill then it is less likely that I will be rendered redundant in the future. Loviscky., Greg., Trevino., Linda., Jacobs., & Rick. (2007). Assessing Managers Ethical Decision-making: An Objective Measure of Managerial Moral Judgment.  Journal of Business Ethics,  73(3), 263-285. Levy, O., Beechler, S., Taylor, S. T., & Boyacigiller, N. A. (2007). What We Talk about When We Talk about Global Mindset: Managerial Cognition in Multinational Corporations.  Journal of International Business Studies,38(2),

Micro economics assignment Fuel Essay Example | Topics and Well Written Essays - 1500 words

Micro economics assignment Fuel - Essay Example The graph shown on the left shows the above mentioned change in demand of corn. Previously, the demand for corn stood at D1 because it was almost solely used for food consumption. However, the demand for bio-fuel has added to this demand and an addition of D2 has resulted in an overall demand of D1+D2 for corn. Along with showing the total demand for corn, the graph also shows the rise in price of the product which is corn in this case. The previous demand of D1 had a lower price but due to the increased demand, an upward pressure on price has forced the price to rise to PC*. In a market economy, if the increased demand is not addressed by added production and hence increased supply, then the prices rise because the market forces come into play and determine the market prices which are at a higher point (AmosWEB n.d.). The graph here shows that the supply has been unchanged due to which the increased demand has resulted in a rise in the prices of corn. ii) The price of a product usua lly tends to go up if the increase in demand is not met by an increase in the supply in the same ratio. However, when the demand rises and the prices start to go up, then it tempts others to invest in improving the production methods by introducing new technology or new producers enter into the market. When this happens, the supply of the industry rises and the supply curve of the industry shifts outwards which results in the fall in prices (AmosWEB, Supply and Demand Increase n.d.). The supply of product that is under consideration cannot be increased simply because it is an agricultural product and therefore numerous limitations such as the availability of agricultural land suitable for the growth of crops. In this case when the product is an agricultural product, then the options left to increase the yield of crops is to improve the agricultural and conversion technologies. During harvesting, the conversion process usually results in wastage of product. Therefore if there is an i mprovement in the conversion technology, then there will be less wastage and increased supply. Similarly, if the seed quality can be improved, then it will result in an improved yield. Both of these steps will lead to a rise in the supply of corn and as a result of an outward shift in the supply curve, the price will fall. Here in the graph on the right, the supply curve has shifted outwards as a result of increase in supply. In our context, the increased supply is the improved yield of corn. The increase in corn has resulted in the readjustment of the equilibrium point and the price at this point has gone down. Therefore, an increased demand can be handled by a simultaneous increase in supply to keep the price under control. iii) After raising the concerns that the earth is facing the possibility of environment and resource depletion, there were calls of innovating and moving towards environment friendly energy solutions. These calls were answered by the introduction of bio-fuels w hich are partly renewable and emit less dangerous gases. Due to this, many have shifted their consumption to the bio-fuels and it has emerged as a dominant and growing force in the oil industry throughout the world. (Analytica n.d.) The bio-fuels have added to the competition in the oil industry and manufacturer companies now face a greater challenge with