See assignment criteria Essay Example | Topics and Well Written Essays - 1000 words - 1

See assignment criteria - Essay Example In case of Ruritania, the potential of e-commerce is unlimited and will be very beneficial; however, it brings with it a number of legal issues regarding intellectual property, privacy, customer protection, copyright, etc that the government should focus on to ensure continuous growth of e-commerce in the country. However, this process of introducing and implementing new laws and strategies related to e-commerce will not be easy, and thus, the government should prepare itself to confront different challenges in this process due to the international nature of the internet and e-commerce. In this regard, the foremost requisite to ensure e-commerce growth will be to take global and diversified perspective while creating new strategies and regulations (Wimmer, 2003). It has been an observation that regulations and laws focusing only local stakeholders often result in negative outcomes, which the government of Ruritania will have to avoid during the process of alteration of laws and regul ations related to e-commerce. One of the most important concerns that the government of Ruritania should focus on is the application of copyright on digital content, as well as application of national regulations in the cyberspace. Additionally, some other issues are privacy of customers and consumers on the internet and level of security in the electronic commerce. Most importantly, taxation on the cyber trade has been one of the most crucial concerns related to e-commerce globally. Studies (Wimmer, 2003) have indicated that while creating laws and regulations related to the e-commerce, one of the major confrontations is the application of regulations in cyberspace environment, which creates the process a very complex one. In this regard, it will be very imperative for the government of Ruritania to consider broadest range of possibilities. For this reason, in order to consider every perspective, it is advisable that the government should share the proposed legislations and strateg ies with local, as well as international stakeholders, as their approval will be crucial to encourage e-commerce activities in the country, and their discontent may result in adverse outcomes. In other words, consensus of the government officials, as well as the other stakeholders will ensure effectiveness and success of the legalization process that many countries avoid and face adverse results. To begin the process, the Electronic Transaction Act (Smith, 2007) will be the basic and essential regulation to resolve existing legal issues in Ruritania and it will be an efficient way of authenticating electronic transactions in the country. Specifically, this act will enable contractual transactions, such as offers and acceptances in the cyberspace. Additionally, the act will enable customers to fulfill the legal requirements by using their electronic signatures that will resolve a number of legal issues in the e-commerce arena of Ruritania. Consequently, it is anticipation that the El ectronic Transaction Act (Smith, 2007) will increase electronic commerce activities in Ruritania by ensuring efficiency in the cyberspace. Moreover, business organizations will also be benefiting from this act due to reduction in managerial duties and operational costs after its introduction. Besides the act, another suggestion is to ensure compliance of laws and regulations by all the service providers and stakeholders involved in the

Risk Management - Hospitality Industry Essay Example | Topics and Well Written Essays - 3000 words

Risk Management - Hospitality Industry - Essay Example Every business entity when initiated will have inherited risk in them as it has to reach the costumers expectations and has to place itself in a competitive environment or it has to create a market demand to its new product to be launched. With out perceiving the risk of venturing into new market arenas the purpose of making profitability does not arise. All organizations will face some kind of risk proportions in their daily activities of their operations as the sectors demands a standard or particular norms and expectations to be met. The risk is inherited with the unexplored option which may turn in to organization benefit or it may crumble depicting that the perceptions were wrong. The common risk concerns areas are: Hazard risk: it is related to sudden incidents like fire eruption, natural calamities. Financial risk: the financial risks deal with the uncertainty of the economic viability of industry. Operational risk: is associated with various factors which has a significant ro le in the processes, methodologies adapted in the running the company. Strategic risk: eludes about the accuracy of the strategy implemented and explains ho far the methods adopted were proper to the company growth within the market.... officials failed in analyzing the sources. The south Indian region has more coffee consumers when compared to North. The Company did not expand aggressively into the north India where there was more corporate culture in cities like Delhi and Mumbai. In a span of six years from 1996 to 2002 it was able to open only 50 outlets major of them in south India metros cities and a few in north India parts like Pune. The lack of aggressive marketing of the cafe coffee day brand allowed other competitors to captivate on the demand created by CCD .There is an inability to choose right market. The south Indian market has already some active players in the coffee shops, as coffee used to be consumed more in South India. Caf coffee day choose to compete in existing market and confined itself to southern region. The negligence of the north Indian market where there are many industrially developed areas like New Delhi, Mumbai gurgoan, Noida, Pune and the consumers who are willing to accept the trendy ambience of the caf coffee day was untapped for a long time. In a booming market a new entrant taking such a long time will certainly allow the competitors to cash the opportunity which the other coffee shops like the barista and qwiky's have done. The CCD lacked professional expertise in the business expansion which can be observed in time lag for five years, before the decision to expansion has been taken place. The workers doesn't know how to analyze the feasibility, how to locate the right market. CCD has entered into a market with other active players who already exists in the South Indian market. A company having an ambitious plan to introduce a new product should do the necessary Market research which depicts the: Type of expected

Environment and Society of US & Canada Essay Example | Topics and Well Written Essays - 750 words

Environment and Society of US & Canada - Essay Example When in the mid 19th century, western Canadian economy hit a low; immigrations were encouraged from England and Scotland. Consequently, the area was beginning to be occupied with agricultural lands, commercial towns. Several canal systems, railway networks were developed, streetcar tracks were laid, textile industry was expanded and the lumber industry was set up (Troper 2013). Similarly, the first Nations people, Hurons had used the St Lawrence lowland areas for agriculture, but they were the immigrants who put up the orchards and farms in the area and today those orchards of apples etc and vineyards are a source of profitable businesses in the region (Canada: Making connections  (n.d.). The low lying states of New England and Canadian Maritimes had started off as colonies where fishing and agriculture was practiced, but soon European immigrants flooded in since small industries had started. The immigrants contributed to a highly skilled labor and today Southern New England stands as stable economic region where several developments have been made, like areas have been developed for tourism and recreation, ski resorts have been made and the coast has undergone developments to serve a good spot for vacationing (North America. (n.d.). The immigrants have played a vital part in shaping the population of Canada. It is responsible for about 2/3rd of population growth that took place between 2001and 2006. The immigrants settle in major cities like Toronto and Montreal, adding to the workforce and also creating a demand for goods and services. These demands are integral for promoting growth in these regions. The immigrants moving into Canada may have moved in to find better job opportunities or lifestyle etc; their activities did help the region to flourish but their presence in the country could have effects which are not favorable to the country ultimately. For example, the immigrant

Ethical failures that led to the economic collapse of 2008 Essay

Ethical failures that led to the economic collapse of 2008 - Essay Example This paper outlines the importance of the moral failures, which led to the global financial crisis. The role of ethic lapses is often neglected by economic analysts. It has been said, the root cause of the crisis was greed, which is defined as an excessive and selfish desire for more of something e.g. money than is needed. The list of neglected virtues also includes temperance and, specifically, the ability to prevent the desire for wealth, social recognition, which thus become barriers to proper professional conduct, and complicity, cowardice and lack of strength. There were also behaviors of arrogance, pride and hubris among finances. Also, among regulators, government and economists: all convinced that their know-how and skills were superior to others, that they had no reason to submit the guidance of others, or that they only were above the law. There have been reports of cases of lack of professional competence on the part of the directors, bad governance, senior analysts and managers in companies such as banks, hedge funds, monoclines, rating agencies, supervisory bodies and the government. Often, the role of asset valuation and analysis, and even buying and selling decisions, was given to young professionals with no or little experience in finance. The act resulted to them using sophisticated methods based on overly simple assumptions, but no one dared criticize their work because no one had better models. Their bosses/superiors did not reckon what their subordinates were doing, models they were using, and they did not exercise adequate oversight. These failures were clear mainly in risk management and analysis, leading to key personnel in virtually all major financial institutions were taking excessive risks.

Free Market System Essay Example | Topics and Well Written Essays - 2250 words

Free Market System - Essay Example This is more of a hypothetical situation as no economy in the world is in a total Laissez-faire state. As opposed to planned economy, the free-market economy allows households and private firms and businesses to own land and other resources and use them to invest in any part or sector of the economy which seems lucrative and profitable to them (Rao, 1998). In order to understand the benefits of free-market economy, one needs to understand how the planned economy works. In a planned economy, also known as command economy, all the resources are state owned. Its’ allocation is decided by the government in order to maximize the society’s welfare regardless of the profit motive. This means that even if the venture does not earn profit for the government and if the venture is good for the society’s welfare, the state would continue to allocate its resources to the latter. For example, if a government sets up a state-funded hospital in a remote are with state-of-the-art facilities, it cannot expect a fair return of revenue from its investment. However, this venture would increase the life expectancy of the people in the area and improve their standard of living. The government, operating in a command economy will not withdraw the investment. Likewise, operating a state-owned Postal Service in a remote area would incur losses as there would hardly be enough posts to break-even. Despite a venture’s disability to earn profit, a planned economy would continue to invest if a venture is maximizing the society’s welfare. Examples include building roads, infrastructure, merit and public goods etc. As there is no profit motive, the government will not invest as per market forces and the demand of the consumers. For example, if there is a high demand of luxury goods in the metropolitan city of an economy, the government would rather invest in those areas which would satisfy basic necessities of people in different parts of the country. Likewis e, the government would not be interested to produce variants of any category. For example, there would be a limited range of cars produced in the economy. Some critiques argue that this economic system maximizes the society’s welfare and there is more even distribution of income in the economy as opposed to free market system. This is true to some extent however, like the case of Laissez-faire, there is no economy in the world which is entirely command economy. There is some level of international trade or some or some level of production in an economy which is driven by profit motive. However just for the sake of argument, planned economies fail to meet the consumers’ demand in an economy. Besides this, as there is no profit motive, the workers get de-motivated and as they are not allowed to own assets or factors of production, the economy’s GDP would be restricted to what a free-economy could otherwise have achieved. Besides this, the resources tend to be mis allocated as they will not be yielding a fair return which it otherwise would have if the respective end product had a demand. The government would just be injecting more resources with no return as reimbursement at the expense of other people who would deserve a fair return for their taxes in the form of a diverse range of commodities to choose from (Rao, 1998). In a free-market economy, the resources are not just state-owned. Individuals and firms have the liberty to invest in whatever which is in demand. The market-forces would move in to stabilize the prices automatically and bridge the gap between demand and supply. Market forces will only come into play when the resources have some mobility and the consumers are free to choose from a range of products. Besides this, in the free market economy, there is a

Software SLP Assignment Example | Topics and Well Written Essays - 750 words - 1

Software SLP - Assignment Example A login based access to the information resources, upload and download provisions, intuitive interface and concurrent information are some important functional requirements set as the core and most important milestones for the development of BSITM website. Dr Robert and Kim-Phuon (2005) obserseves that â€Å"functional requirements are those requirements that identify and prioritize the functions that users want on the site.† The website will have independent sections in order to meet the content requirements of students, instructors and guardians. A separate section will provide a blog and messaging functionalities to serve as a community center for all three major user groups. The home page will have most important contents including news and result sections. Schedules, handouts, assignments, results will serve as the essential contents of the students’ section. Similarly, the instructor section will enable uploads and download provisions whereas the guardians’ section will contain results and personalize reports on children. In order to meet these goals following list of contents and functional requirements is

Innovation Term Paper Example | Topics and Well Written Essays - 1000 words

Innovation - Term Paper Example In the global societies, the organization needs to be rebuild in order to navigate themselves out from the economic and social morass and it is through innovations that an organization can get there, but the organization and leaders are usually focused on status quo. An innovative organization creates people, process and philosophies to create, support and nurture innovation (Sorenson, 2011). This project would deal with the innovation strategy adopted by Vodafone, Vodafone group Plc is the world’s largest mobile telecommunications, with its presence in Europe, Asia, Africa, Middle East and the United States. Current Business Situation The company current strategy titled, a stronger Vodafone to a more valuable Vodafone comprised of four main components. They are, to focus mainly on the new areas of growth like by entering into emerging markets, introducing new service and many more. Next to deliver value and efficiency by driving off cost effectiveness and operational effectiv eness, thirdly, to generate liquidity and lastly apply the capital for the investment of the company (Vodafone Group Plc, 2011, p.3). The company, Vodafone primarily focused mainly on its expansion strategy in the emerging countries where there is a potential growth. The enterprise customers of Vodafone range from small-office-home office business to small to medium sized enterprises. The company has 34 million customers as enterprises comprising of 9% and about 23% of service revenue. In 2010 Vodafone acquired Quickcomm and TnT Expense management. This acquisition has strengthened the ability of the company to provide the enterprise customers with a greater visibility and control. As an innovation strategy, Vodafone has been working with its partner Novartis on a health project (Vodafone, 2011). Strength Vodafone is one of the largest mobile phone operators by terms of revenue had planned to focus more on the high growth strategy in India and as time Vodafone has been able to do it by introducing more low cost handsets, wireless connectivity and finally being a good corporate citizen and is India’s fourth largest mobile operator (Lall, 2007). Vodafone’s one of the successful strategy was the introduction of ZooZoo in the year 2009, the new brand ambassadors of Vodafone. This character was successful in repositioning the brand. The Indian Premier League 2 (IPL2) was chosen as the platform for Vodafone to launch their advertisements made on ZooZoo, which proved to a great marketing strategy for Vodafone. With the success of the ZooZoo character the company has launched many ZooZoo goodies such as Zoozoo mugs, toys, t-shirts, key chains and many more. This step was seen as one of the major step taken by the company in the form of innovation. Vodafone is the only company which has come up with such a concept of ZooZoo and has proved to be essential in attracting the customers. Weakness A major weakness of Vodafone was reported to be the network cove rage. It did not have a widely accepted coverage and the customers often complained about the network and also customer service. The company did not invest much in the R&D which led to the dissatisfaction of the customers. Opportunity The current market situation of the company is showing a steady rise not only in India but also in UK. Vodafone profits have rose as about 9.4 million new customers have joined up Vodafone. It