Outsourcing Is Defined As Well As Trust Issues - 1958 Words

Outsourcing is defined as the process of purchasing goods and services from outside vendors rather than producing the same goods or providing the same services within the organization. Outsourcing does not come without risks, but it also has its benefits as well. Gaining services or products from outside sources can be very beneficial, considering the alternative that the firm will have to produce them themselves. However, on main risk that is incurred when outsourcing is that when a firm does outsource, they leave the supply of that product or service in the hands of someone of whom they cannot control, contrary to controlling their own supply. Ethical issues are at hand here, as well as trust issues. As you will see in this paper, many different opinions about outsourcing are present among different financial investors and financial officers. Management teams and management leaders are the head personnel that weigh the pro s and con s of outsourcing, and this paper will briefly sum marize the various opinions, pro s, con s, large benefits, and ethical issues dealing with outsourcing. Popularity among small businesses has grown in the past years, according to the Journal of Accountancy. Outsourcing is becoming popular even in small and midsize companies. Nowadays, a small business may not have staff members such as a Human Resources recruiter or a 401(k) specialist in house. As the Internet transforms the way businesses communicate with their clients, vendors, andShow MoreRelatedEthical Sourcing And The Supply Chain1611 Words   |  7 Pagesimportance and strategic value of CSR (Chandler Werther Jr., 2014; Cruz, 2013). At the forefront of international CSR issues, is the consumer demand for ethically managed supply chains. Cruz (2013) stated that â€Å"poor CSR performance, at any stage of the supply chain process, may damage a company’s most important asset–its reputation† (p. 3995). Based upon a case study on the outsourcing of production activities by Apple Inc. to the controversial contract manufacturer Foxconn, this paper will discussRead MoreDifferences Between Formal Research and Business Proposals1403 Words   |  6 Pagesproposal. The introduction section of the documents discuss info on the problem, background and the problem statement section define the required action to be taken to address that problem. The goals were properly defined in the objectives section. The solution of the problem is well defined in the solution section by the writer suggesting the solution to solve the problem. A part from this sections like budget, schedule, resources, management and qualifications demonstrate the writers ability to identifyRead MoreOutsourcing Is Becoming An Essential Success Factor1370 Words   |  6 PagesOver the past decade or more, outsourcing is becoming an essential success factor. Many multinational organizations rely on outsourcing for a variety of products and services such as technology, customer support, automobile, clothes, telecommunication products and many more (Gottschalk, 2006). Outsourcing is an excellent process when it comes to cost advantage. Additionally, it provides organizations the time and workforce to focus on organization’s core business capabilities (Gottschalk, 2006).Read MoreDo It Yourself Outsourcing : Case Study 21689 Words   |  7 PagesDo It Yourself Outsourcing: Case Study 2 Background: XYZ Marketing Company strives to provide excellent services to their clients. These services include e-commerce and marketing solutions. With the services provided, XYZ Marketing Company can gain new clients, retain their current clients, and also help their clients with a new strategy for marketing services. XYZ Marketing Company handles hundreds of e-commerce websites for clients on a daily basis. By doing so, this helps implement clientRead MoreA CIOs Framework for Outsourcing IT Infrastructure1665 Words   |  7 PagesEvaluating Outsourcing IT Infrastructure Decisions: Considerations for Chief Information Officers (CIOs) Introduction The decision to outsource the critical infrastructure platform of an enterprise, which often includes support for enterprise applications essential for the business ot function, is one with long-range, strategic implications. The role of the CIO is quickly changing to be a strategist first and technologist second, concentrating on how IT infrastructure can be successfully usedRead MoreRisks Of The Supply Chain Strategy1342 Words   |  6 Pagesa huge part in the supply chain strategy. Procedures put into place should not just be looked at as a cost, but as a savings. The bottom line is directly affected when damage, theft, and legal issues occur. Risk and uncertainty can be used interchangeably. â€Å"Supply chain uncertainty and risk is defined as the impacts, consequences, unexpected events and/or errors (e.g. delays, damages and loss) that may harm the logistics operations in this study† (Wang, Ji, Abareshi, 2015. P. 489). The firstRead MoreMarketing And Advertising , Intellectual Property, And Regulation Of Product Safety1597 Words   |  7 Pagessomebody. All stakeholders who affect or be affected by the organization’s performances, or policies are needed to analyze any issue spotted inside an organization, and their cooperation is important to resolve this issue. The stakeholders can be governments, societies, founders, higher management, capitals, employees, beneficiaries and customers (Schmeer, 1999). Ethical issues Analyzing relating to marketing and advertising, intellectual property, and regulation of product safety. This paper will examineRead MoreRequirements And Issue Management Systems2141 Words   |  9 Pages1. Requirements and Issue Management Systems Requirements and issue management systems allow managers or leaders to classify and affiliate characteristics with them, and to establish and evaluate dependencies and other common ties. Requirements set the stage for a project and issue management is an important process of identifying and resolving issues (Cook, 2015). Shaw Industries used an agile methodology called Scrum to improve relationships between IT and business partners to ensure projectRead MoreIs Information Systems Security For Secure Sensitive Digital Data Is More Important Than Ever?1313 Words   |  6 Pages1980’s when it was just coming into the public sector. I chose to interview him because of his vast experience and knowledge of my chosen field of study. The article I chose a report by Marie Alner â€Å"The Effects of Outsourcing on Information Security† that outlines the controversy of outsourcing of information technology jobs and the security threat that poses. In addition I was given two o ther sources that address controversies in the information systems security. Paul Keneberg provided me with an onlineRead MoreWal-Marts Values1574 Words   |  7 PagesExploring the World Wide Web -Go to Wal-Mart’s web site www.walmart.com and read the information there about the company’s stance on the ethics of Global Outsourcing and the treatment of workers in countries abroad. Then search the Web for some recent stories about Wal-Mart’s global purchasing practices and reports on the enforcement of its code of conduct. I. â€Å"Brief† Summary of the exercise Wal-Mart was founded back in 1962 by Sam Walton who instilled values and the three basic beliefs that

Understanding Marketing Practices and Finance Practices

Question: Describe about understanding marketing practices and finance practice? Answer: Introduction The essay will identify the discussion on theoretical perspectives of business as well as organizational studies. It will focus on different marketing as well as finance practices. The paper will relate to both the practice for addressing the different processes successfully. Accounting is not a difficult science and it is strictly dependent on the forms of trade in the globe. It is the art of storing, summarizing and classifying the matter with respect to money. The history of accounting is based on the existing and future practices. Thus the accounting practices were book keeping. Book keeping results with the need of ancient traders developed from advanced trading practices to deal with the costs as well as incomes. Marketing is a process that involves the pricing, promotion and other attributes. All of the important activities should work together to assure successful marketing. It should offer the products and services to meet the needs of the customer. To meet the customer needs are likely to be successful in marketing. By meeting the customer needs successfully, the company can identify the target market and also gather the input from market research. With the right pricing strategy, business can look for market effectiveness. Business is dependent on one on one interactions and customers feedback. It should decide whether to deal the products in high volume at low prices or at higher prices but low volume. Consumers are aware of the fact that access should be in accordance with the suitable location, convenience etc. The business is dependent on the effective promotion and it should meet the desirable goals and objectives to deal with the correct place and time. Careful selections are made with the proper communication methods and tools to reach the target audience. Business could identify the market segments with the use of appropriate and best channels of communication to a target audience. Products promotion is based on the accurate information and also it helps the consumers to deal with the success. Marketing practices are based on the fact that the consumers should achieve the products with respect to best quality products and services. The marketer is required to provide the correct and the complete information to the customers. This will gain increase in the customers for long term and the marketer will be able to generate long term goals with quality. This way, marketing practices help the marketer as well as the customer to deal with the products and services successfully for long term. It also helps the company to increase the sales and productivity. (Slater, 2000) Discussion Theories on finance practices Numerous studies demonstrated the financial practices of firms all over the world. It has been found that the number of large companies who used new and modern techniques to evaluate the capital investment has increased over the years. (Berg, 2008) Dividend policy The dividend decision is based on the determination of the companys earnings to be paid within the organization for further expansion. The finance manager is to deal with the maximum profit of an organization. This involves the investors to deal with the dividend payments that increase to an additional liability of taxes. Theories on dividend policy As per the research and evidence, high dividends increases exchange value theory and it increases the difficulty of the dividend puzzle. Dividends are irrelevant with regards to the distribution of income and the policy of dividend payout follows neither the current price nor the shares. Taxes also impact the demand for dividends. (Jacoby and Kyner, 1973) Accounting theory This theory is the simplest form of explanation that can be called as generalization of data into meaningful sense. It is supposed to be known with the set of values and beliefs. Webster defined this theory as a systematic statement of principles and it also offers much detailed description. Thus it also handles the future changes. This theory can also be applied to practical areas of interest in a more professional approach. (Albert, 2008) The descriptive approach theories are developed with respect to the accountants and it also leads to positive approaches. This theory is concerned with the practices of existing accountants and it deals with the great interest in behavioral research in accounting during the 1970s. The empirical theory forms an increase in empirical evidence in accounting. The major objective of this research was to deal with the reliable outcomes and focus on positive decision making. The other theory i.e. normative theory concentrates on decision models that could be chosen by the decision makers in terms of logical decisions. The normative theory is very important in developing new accounting practices and it might change the practices in the future. (McAlexander, Kim and Roberts, 2003) Theories on marketing practices Marketing is a mix of important activities that affects the products and services. To elaborate, marketing is a function that undertakes to create, deliver and communicate with respect to values to the consumers. Marketing is dependent on different goals and objectives of the organization. The involvement of marketing to the success of the business cannot be ignored. A company which develops excellent product does not spread product awareness is always at a loss. Due to intense competition in the market, organization is different from the one offered by other organization. The organizations growth is the biggest challenges faced by an organization are numerous. The demographic of the market influence the strategy of the marketing of an organization. Secondly, the competitors operate in the target market that influences the marketing plan. Therefore, a different marketing strategy is needed for every place the government has implemented a new regulation. (Fournier and Yao, 1997) Theories of marketing Marketing mix comprises the elements of marketing and it promotes the product with respect to potential customers. The elements of marketing mix comprises of marketing 5Ps. The 5Ps depend on product, place, promotion, and place and market segmentation can be done in different forms. It is reviewed periodically by the businesses and it meets their needs. (Jeuland, 1979) Efficiency is marketing that can be achieved with the focus on the increase of competitive advantage. References 1. Albert, N. (2008). 'When consumer love their brands: Exploring the concept and its dimensions'. Journal of Business Research, 61, 1062-1075.2. Berg, L. (2008). 'Loyalty, Naively, and Powerlessness among Norwegian Retail Bank Customer'. International Journal of Consumer Studies, 32, 222-232.3. Bryman, A. and Bell, E., 2007. Business Research Methods. 2nd ed. Oxford: Oxford University Press4. Fournier, S. and Yao, J.L. (1997). 'Reviving Brand Loyalty: A Reconceptualization within the Framework of Comsumer-Brand Relationship'. International Journal of Research in Marketing, 14, 451-472.5. Jacoby, J. and Kyner, D.B. (1973), 'Brand Loyalty Versus Repeating Purchasing'. Journal of marketing research, 10, 1-96. Jeuland, A.P. (1979). 'Brand Choice Inertia as One Aspect of the Notion of Brand Loyalty'. Management Science, 25(7), 671-678.7. McAlexander, J.H., Kim, S.K. and Roberts, S.D. (2003). 'Loyalty: the Influences of Satisfaction and Brand Community Integration'. Journal of Marketing T heory and Practice, Fall 2003, 1-8.8. Slater, J.S. (2000). 'Collecting the Real Thing: A Case Study Exploration of Brand Loyalty Enhancement Among Coca-Cola Brand Collectors'. Advances in Consumer Research, 27, 202-207

Accounting 2 Essays - Generally Accepted Accounting Principles

Accounting 2 PRINCIPLES of ACCOUNTING II (AC202) ___________ CHAPTER 12 CURRENT AND LONG-TERM LIABILITIES LIABILITIES DEFINED: A probable future payment of assets or services a company is presently obligated to make as a result of past transactions or events. Fundamentally liabilities are measured by the cost principle however: Liabilities are comprised of known obligations of a definite amount and known obligations of an estimated amount (i.e. warranties) CURRENT LIABILITIES: Obligations expected to be paid using current assets or by creating other current liabilities LONG-TERM LIABILITIES: Obligations not expected to be paid within one year. Includes long-term notes payable; mortgages payable; warranty liabilities; lease liabilities; and bonds payable. MEASUREMENT OF LIABILITIES Conceptually, the dollar amount of a liability, at any point in time, is the present value of the future outlays of assets required to pay the debt in full. i.e. the present value of principal plus all future interest payments The present value amount may be called the current cash equivalent amount -What both parties would settle for today! A liability that requires the going rate of interest will always have a present value equal to its maturity amount (i.e. interest bearing notes) When the required rate of interest is different from the going rate, or interest is unspecified, the present value will be different from the maturity amount. (i.e. bonds sold at a premium or discount) As such liabilities approach maturity, the current cash equivalent amount approaches the maturity amount CURRENT LIABILITIES Accounts Payable Short-term Notes Payable Unearned (deferred) Revenues Payroll Liabilities -Employee Payroll Deductions -Employer Payroll Taxes Warranty Liabilities Employee Health/Pension Benefits Payable Vacation Pay (employee benefits) Tax Liabilities for Businesses (Federal Income Tax - Corporation only; State and/or local income taxes - Corporation only; property taxes; sales taxes; etc.) Deferred Income Taxes for Corporations Contingent Liabilities -Legal Claims (Potential) -Debt Guarantees -Other Contingencies INTEREST & NON-INTEREST NOTES Interest Bearing Notes: Specifies: -A stated rate of interest -Interest is to be paid at maturity in addition to the face or principal amount of the note. Non-Interest Bearing Notes: Does not specify a rate of interest Includes the interest in the face amount of the note An overdue non-interest bearing note immediately draws interest at a legal rate (usually specified by law) from the due date. EXAMPLE: The business needs to borrow $2,000 cash from the bank for 60 days on December 16, 1999 a. interest bearing note, 6% b. non-interest bearing note, $2,040 UNEARNED REVENUES Arise from revenues that have been collected in advance during the current period but will not be earned until a later accounting period. -Also called; Deferred Revenue, Revenue collected in Advance, or Precollected Revenue Unearned Revenues constitute a liability since cash has been collected but the goods or services have not been provided (i.e. the revenue has not been earned) -There is a present obligation to render, in the future, the product or services. EXAMPLE: Textbook, page 499 PAYROLL LIABILITIES Recording Employee salary expense and amounts withheld. -Textbook, page 507 Recording Employer Payroll taxes -Textbook, page 508 Payroll Reports, Records and Procedures -Appendix 12A, page 523 Payroll reports are filed within one month after the end of each calendar quarter Payments: -Less than $500, pay with report -Most companies are required to pay monthly or semiweekly -If taxes are over $100,000 they must be paid at the end of the next business day Employers are required to provide employees with a W-2 before January 31 of the following year Companies with many employees often use a special payroll bank account to pay employees. CONTINGENT LIABILITIES A contingent liability is not a legal or effective debt -- rather it is a potential future liability It is a potential liability that has arisen as a result of an event that already has occurred but its conversion to an effective liability is dependent upon the occurrence of one or more future events REPORTING: -A contingent liability is not recorded in the accounting records unless there is a high probability of loss. -They are generally reported in a footnote(s) to the financial statements An example is a pending lawsuit. Before recording in the financial records work with the legal representation to insure proper recording CURRENT LIABILITIES Working Capital: The difference between total current assets and total current liabilities Current Ratio or Workinng Capital Ratio: ______Current Assets_____ Current Liabilities Example: The balance sheet for ABC Company, December 31, 2000, reported total current assets of $900,000 and total current liabilities of $300,000. Working Capital: $900,000 - $300,000 = $600,000 Current Ratio: $ 900,000__ 300,000 = 3.00 or 3 to 1 LONG-TERM LIABILITIES Includes ALL obligations of the entity not properly classified as current liabilities. Generally arise from the purchase of fixed assets or borrowing on

Should video games be considered a sportEssay Writing Service

Should video games be considered a sportEssay Writing Service Should video games be considered a sport? Should video games be considered a sport?Do you go in for sports? Do you think it is important to keep fit? What kind of sport activities are the most popular among young people and adults? We all know about the diversity of sport games; since childhood kids like spending their spare time outside, playing football, basketball or go for skiing or snowboarding in winter. Supposing, each of us has his favorite sport. When the kid is fond of some sport activity, his parents tend to send him to sport clubs, where the kids can be taught paying it professionally. You might have also attended such clubs or many your own children visit ones. It is also worth saying that each culture and country has its common sport game. For example, Japan in famous for martial arts, such as judo and karate; the most popular sport game is Britain is cricket, the United States is proud of American football, skiing is common for countries, where the winters are cold and snowy.Long time ago, these games were kno wn only few places, but today even the most rare sport games can be played in many countries. The children and adults can be taught to play and develop their skills. But have you seen that in the last few years, there are less boys and girls playing sport games outside? Are video games the reason for it? And it is dangerous for the health of a kid? Today we live in a world of high technologies; every issue we have, can be solved with the help of the computer. And there is a possibility to find the favorite game in the Internet, and play it online. Can you believe? This modern kind of paying sport games online is called esports – electronic sports. Parents and grandparents don’t accept this tendency, as sport games in their youth were different; nothing of the kind existed earlier. There are many opinions that video games cause harm for the kid. But why do children think the opposite? It is really better to sit behind the monitor and play games online? Well, let’ s talk about it. It is not a secret that many children spend much time at home in front of a laptop, tablet or a smartphone.With the help of the internet, they can download any game they like and play it without going outside. They can play while lying still in bed, in public transport and even having a mill. It doesn’t matter how the weather outside is; it may be rainy or snowy, but the kid can still play football on the grass. It may be hot summer, but it is possible to stake online. Is not it brilliant? Moreover, you may play with children all over the world. The network will connect you with other boys or girls and you will have the ability to play with other kids. For all mentioned above reasons the children prefer playing video games. But let’s look upon this problem from different point of view. Why parents do not approve video games? The reason is that video games cannot replace a real sport game. When you play in a team, you can develop your team skills and co operate with other children. And how about the competitive spirit? Passion appears and there is a wish to play. Another problem is: while sitting at home and playing games online, you don’t waste calories and energy. When you on the field, you move. And when you make movements, you keep your body fit. Passive sport leads to different illnesses, such as obesity and heart failure. Parents wouldn’t like to see their children ill, but healthy. For this reason adults cannot call video games – sports. But then the children will ask: so, how about chess? Chess is a sport game. But here the issue differs.Chess is an ancient game which is considered to be a sport game for its ability to train the brain. But what are the benefits from video games? So they make good for your body? Video games can be competitive, but they do not require any physical activity. The biggest advantage of video games is the graphics and bright colors. Well, yes, the picture usually looks fantast ic. But look out: the field has also a green grass, hasn’t it? And other question concerns the mood of a child. There were many occasions when video games led to pitiful results. While playing video games, some children tend to win and some to lose. Losing at video games affect badly on the child and may cause to nervous breakdown. Try to keep your child away from such consequents. There are many pros and cons of paying video games; there are also different opinions on it. So how do you think: can video games be considered as sport games? Many people, who are fond of paying games while sitting in from of a TV, do call this activity sport game. But others, who consider this sitting on the sofa as laziness, would take the ball and go outside. Both of them will be playing, but in different way. Who of them is a real sport player? Well, the Olympic Games are known as the biggest competition of sport games, but does it contain video games? Actually, no. Maybe, video games are just a different kind of sport games? The fact is that today there are many people who tend to play games online; and every year the number is getting higher. Just ask your friends what do they prefer, explore the tendency among young generation and you will see that it is true – many of them will choose video games. The world of technology affects on our lives a lot. And who knows, maybe, in several years video games will be included into the Olympics? But take a piece of advice: if the weather outside is sunny, take a ball, gather your friends and spend some time playing real team game outside. You will get a real pleasure, believe it.

Business ethics and what does business ethics has to do with human Speech or Presentation

Business ethics and what does business ethics has to do with human resource management - Speech or Presentation Example The main point in these regards is that while businesses have a responsibility to their shareholders, if they adopt poor ethical standards their shareholders will suffer because of them in the long run. In terms of negative impact that arises from poor ethical standards, it’s believed that even as poor human resource ethics may contribute to securing short term goals, in the long term it is more profitable and better for survival for businesses to adopt ethical responsibility. For human resource management, in adopting ethical responsibility, a business creates a positive environment wherein employees and business partners feel a general sense of fairness and loyalty has taken hold. These elements of trust are essential inputs in creating a strong and motivated workforce that will ultimately contribute to company goals. References ‘Center for Business Education’ Aspen Institute. http://www.aspencbe.org/ ‘Do Businesses Have Ethical Obligations Beyond what the Law and Shareholders Require’ Ethics. http://www.ethics.org/erc-in-the-news/do-businesses- have-ethical-obligations-beyond-what-law-and-shareholders-require

Operations Management Assignment in Ritz Carlton Hotels Essay

Operations Management Assignment in Ritz Carlton Hotels - Essay Example Ritz Carlton considers that the clandestine to efficient quality management stays to employ efficient staff which recognizes the guests’ requirements and provides them immediately (Case Study, p. 301). In the hospitality or service-care industry, quality is regarded as the extreme significance but unluckily up to now the spotlight has merely been on preparation lead staff to make sure guest satisfaction (Class Note 1 ppt, Slide 17). If a customer resides at the hotel, his opinion of quality is describes by the reliability, declaration and compassion. Ritz Carlton has situated this seeming quality as its main target and also for achieving it stresses on predictability, veracity as well as timeliness. All these three factors collectively lead to greater level of customer satisfaction (Case Study, p. 302). When these service customaries have been resolved the next stride is to determine the measurement methods for monitoring how well these customaries are being realized. The most important problems faced by the services and hospitality industry in respect to implementing TQM are identifying measurements as well as process improvement techniques that generate quantifiable data (Class Note 2 ppt, Slide 6). In effect, some measurement methods have previously been adopted by different hotels, such as Ritz Carlton. Various advanced technologies are being used in order to get maximum advantages or benefits by employing different automated building as well as safety systems to different types of a computerized reservation system. In this context, the Ritz Carlton has come up with greater user-friendly tools and mechanisms in order to enhance the existing level of customer satisfaction (Case Study, p. 302).1The hotel industry is expected to obtain a higher level of quality improvement even wit hout using different sophisticated statistical tools and techniques which are generally utilized by the production and manufacturing industries. Ritz Carlton, after achieving the â€Å"Baldridge award†, the organization has  decided to lower the cycle time. This is the time holdup between recognizing the need of the customer and satisfying that need.  

Life and Margaret Atwood Essay Example for Free

Life and Margaret Atwood Essay This quotation was taken from Margaret Atwoods story, Homelanding. This story recounts many aspects of human existence from an outside view, as if it was being told to an alien race. This story tells about human appearance, sex (both difference and the act of), sunbathing, sleeping, death, and many other human functions in a scientific way. This story takes a step away from the normal way of describing these objects. For example, Margaret Atwood talks about eating and describes it by saying I destroy and assimilate certain parts of my surroundings and change them into myself. Most people who have had human contact their whole life consider eating putting food in their mouths, chewing, and swallowing. This quotation at the beginning of the story shows that the author knows that she is writing this for a human audience. She starts this off with the line, Where should I begin? This is more of a conversational style that draws the reader into this as if she was talking directly to the reader. The human reader is supposed to take the role of the alien race. The reader has to take a duality of being both a human and from an alien race who has no knowledge of anything human. The next line restates this with, After all you have never been there; or if you have you may not have understood the significance of what you say or thought you saw. An alien race would never have been to earth, yet the human reader has spent his whole life on earth if never stopping to think of the significance of what he is seeing. The next line is: A window is a window, but there is looking out and looking in. This can be seen in all the number of times that someone sees something in someone else that the person does not see in himself. For example, often a teacher is responsible for helping a student develop a talent that was there but the student did not know that he had it. This story is attempting to do the same and show the reader characteristics that mankind has but do not know it has. In the next line, this is reiterated with the statement, The native you glimpsed, disappearing behind the curtain, or into the bushes, or down the manhole in the mainstreetmy people are shymay have only been your own reflection in the glass. This shows the reader is the reflection in the glass and is seeing a portrait of himself in the story. Storytelling is often used to teach a lesson to the reader or listener. One of the most read examples of this is the Bible. Jesus often spoke in parables to help teach lessons to his listeners. This story attempts to make us take a step away from  ourselves and see ourselves in a different light so we could possibly understand ourselves better.