Potential Risk to an Organisation of Committing to an...

I am going to be explaining the potential risk to an organisation of committing to an E-commerce system. E-commerce has many drawbacks. I will be going through these drawbacks that risk an organisation of committing to an E-commerce system. * Advertising and maintaining website * Hackers * Identity theft * Website not being recognised * Viruses * Profit * Delivery Advertising and maintaining website A drawback of an Ecommerce is the advertising. If no-one knows it exists it will not generate any revenue. Of course the most effective way of advertising your online business is through the word of mouth, so you need to build a customer base for your business. Maintaining website is important. Customers want†¦show more content†¦Delivery Delivery can be a huge drawback when committing to Ecommerce. These could be your packages can be left on your doorstep this can cause someone to steal your purchase or probably damaged. Packages can be delivered at unpredictable times during working hours. Which then you have to wait another 2 days to either receive the product or you have to travel yourself to get your item. Another potential risk to an organisation of committing to an E-commerce is that they delay goods. E-commerce website delivery takes a lot longer to get the goods into your hands. Viruses Viruses can do a multitude of things. Many viruses, which disguise themselves as tracking cookies, are meant to allow access to personal information that you give out over the internet. If you are shopping and this happens, it can be used for identity theft. Viruses can also slow down your computer significantly, destroy vital data, erase information amp; even shut down your computer. Your browser is executing code all the time. When it downloads web pages, that code is downloading and displaying arbitrary data, pixels, character’s, etc. Since code is data, if your browser tries to execute the data it might actually run. When a website has a virus find them using anti-virus as anti-virus uses a signature string to locate them. When your website has a virus even when you try to access it from different computers and different servers it will have a strange homepage and the newsShow MoreRelatedP1 Describe The Technologies Required For E Commerce1664 Words   |  7 Pages Assignment 1 Client information P1 Describe the technologies required for e-commerce The technologies required for an e-commerce are as follows: server software, pc, and database, web authoring tools, web server, ports, TCP/IP and the browsers. I will be explaining why these technologies are required for an e-commerce. Web servers A web server is a PC that opens pages on a browser on request. It sends the web address of the page that has been requested to the web browser. They have an IP addressRead MoreCritical Success Factors of a Successful Logistics Operator2069 Words   |  9 Pageswhat they want. There must be no errors or backorders. Frankly, with an error rate of over 5% its almost time to give up in disgust and start all over. Errors have to be tracked back to who made them, and why they werent caught out by checks in the system. People make mistakes, and processes have been in place to catch them. And the same goes for backorders. Granted, not much can be done about a late delivery with no warning, but the suppliers actual performance, not promised performance, has to beRead MoreMarket Research and market planning2366 Words   |  10 Pagesï » ¿ Assignment Title: Market Research and market planning P3 describe how a selected organisation uses marketing research to contribute to the development of its marketing plans. Task 1 Definition: market research Market research is a systematic, objective collection and analysis of data about your target market, competition, /or environment with the goal being increased understanding of them. Market research is the study of markets (or groups of people) you wouldRead MoreThe Impact Of E Commerce On Business7352 Words   |  30 Pagesthe impact of e-Commerce on business 1.1 Critically discuss the expectations of internet customers†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 1.2 Critically assess the potential impact of common applications on an e-Commerce business†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..........†¦8 2. Be able to plan an e-Commerce strategy 2.1 Plan an e-Commerce implementation strategy for an e-Commerce business†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦.12 3. Be able to manage an e-Commerce strategy 3.1 Critically assess the risks of linking business systems to the internet†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦17Read MoreMAS Holdings Essay3609 Words   |  15 Pagesï » ¿ Organisation and management in the network era The following report contains a brief look into MAS holdings, the company’s history, how they have grown and developed and how they have succeeded in numerous ventures. The report then goes on to address the following questions: 1. Outline the key leadership issues confronting MAS Holdings. 2. In terms of this case, how can the CIO assist in gainingRead MoreEntry Report to Chinese Wine Market6024 Words   |  25 Pagescertain political risks for a foreign organisation entering the market. Chinese business practices are also interwoven with socio-cultural elements highlighting that the Chinese seek to form close personal relationships with trading partners. A hybrid legal system that is difficult to navigate, coupled with difficult distribution infrastructures may pose as barriers to entry for foreign organisations. The report also delivers a market audit, showing that there is a potential 250 million consumersRead MoreA Case Study on the Use of Cost-Plus Pricing13312 Words   |  54 Pagesthe first half of 2008. FDI have already accounted for RM 32.5 billion. Major sources of foreign investment were Japan, Germany, Iran and the USA (Malaysian-German Chamber of Commerce, 2009). 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With the establishmentRead MoreIct and Ebusiness Retail Industry88499 Words   |  354 PagesICT and e-Business Impact in the Retail Industry Study report No. 04/2008 European Commission, DG Enterprise Industry e-Mail: entr-innov-ict-ebiz@ec.europa.eu, info@ebusiness-watch.org Impact Study No. 04/2008 ICT and e-Business Impact in the Retail Industry A Sectoral e-Business Watch study by empirica GmbH Final Report Version 4.0 September 2008 This report was prepared by empirica on behalf of the European Commission, Enterprise Industry Directorate General, in the contextRead MoreMobile Payment18262 Words   |  74 PagesMobile payments in Asia Pacific i n f o r m at i o n , c o m m u n i c at i o n s e nt e rta i n m e nt Mobile payments in Asia Pacific  Contents 2 Introduction from Sean Choi and David Collins 3 Introduction from John Ure and Peter Lovelock 4 Introduction 6 Business models and the m-payments value chain – Business models behind different transaction types – Emerging business models by country – Industry perspectives on m-payments 22 CaseRead MorePaddy Power Essay8261 Words   |  34 Pages................................................................................................. 20 Sportsbet: .................................................................................................................................. 20 Risk Management:................................................................................................................... 20 Paddy Power signs Canadian lottery deal: ......................................................................... 21

The Importance Of Success In American History An...

In general, how successful was the lesson? Did the students learn what you intended for them to learn? How did you know? -I believe the lesson was very successful. In the beginning of the lesson, the students were engaged with the Do Now: â€Å"Who are some explores that you know? Which European nations went exploring?† I had multiple students answer with explorers from the time period we were discussing and other from American History. For example some students said, â€Å"Lewis and Clark and Buzz Aldrin.† Second, when the students were logging into Schoology and downloading the Historical Head worksheet and directions, multiple students were helping each other get on task. The students were working diligently throughout the period answering the†¦show more content†¦Some students show their personal talents by drawing images associated with their assigned explorers. Others students asked multiple questions to ensure that they were staying on task or asking me to provide feedback for their work during the period. Some of the students were looking at other websites for more histor ical information about their explorer then the document that was provided. What formative assessments did you use during this lesson to monitor student progress? How did you adjust instruction based on this data? -The formative assessments that I used to monitor the student progress were periodically checking to see how far along the students were in completing the assignment. I also provided more instruction, examples, and made sure the students were answering all the questions that were required. When I saw that multiple students were struggling with one or more of the required questions. I brought the class back together and provided examples of what I was looking for and expending from their work. For example, â€Å"Symbols that best represent the historical figure.† I told the class that these should be actual images of the explorer, where they traveled to, how did they get there, and which nation where they from. Another example of the adjustment was for, â€Å"I hope history remembers me as†¦Ã¢â‚¬  I told the class the example of Michael Jordon wants to be remembered for being one the greatest basketball players of all time. I also, saidShow MoreRelatedThe Battle At Midw ay Was A Critical Turning Point Of The War Essay957 Words   |  4 Pagesturning point of the war in the Pacific during World War II. Attribution to American success is in direct relation to their ability to conduct signal collection and crypto-analysis leading to the battle. The elimination of this capability from consideration during the preparation for this battle will drastically influence the outcome. Through critical reasoning and battle analysis, this paper will determine the level of effect of the capability. The analysis will also seek to understand the change inRead MoreThe Battle Of Midway During World War II1285 Words   |  6 Pagesturning point of the war in the Pacific during World War II. Attribution to American success is in direct relation to their ability to conduct signal collection and crypto-analysis leading to the battle. The elimination of this capability from consideration during the preparation for this battle will drastically influence the outcome. Through critical reasoning and battle analysis, this paper will determine the level of effect of the capability. The analysis will also seek to understand the change inRead MoreThe Theory Of Self Efficacy1645 Words   |  7 Pageswith high self-efficacy tend to be more effective in the classroom and helping students especially minority students achieve higher. In this article, the authors suggest that using self-efficacy building activities to build self-esteem in African American students. The general belief suggested activities is that preparing teachers should strive to development competence and confidence. According to (Ingersoll 2003) to be am effect educator it requires educator to develop their own level of competenceRead MoreEssay about Jamestown Project1374 Words   |  6 Pageslandmark, the colony of Jamestown, was in Atlantic History. The story of Jamestown is told in a much more authentic, elaborate style than our textbooks has presented. As Kupperman points out, Jamestown was not only important to United State’s history but also to British history. From the motivations to the lasting effects, she gives an accurate account of all components involved in Jamestown. Also, there is a chapter devoted to the Native American experience, which shows a non-Western view of eventsRead MoreThe Confrontation Between Japan And The United States1493 Words   |  6 Pagesbetween Japan and the United States impacted the battles to come in the Pacific. History has proven the island of Midway to be an important base for many operations during World War II. Had the United States lost this battle, the war may have reached a different outcome. The Battle of Midway proved to be a crucial point for the United States in preventing the Japanese from taking control of the Pacific region during World War II. If Midway had fallen into the hands of the Japanese, America could haveRead MoreOutliers Analysis Essay693 Words   |  3 PagesOUTLIERS The Story of Success Malcolm Gladwell As I read Outliers, an excellent book by Malcom Gladwell also author of the Tipping Point one of my favorite marketing books I couldn’t help being reminded of the movie Good Will Hunting. There is a particular scene in the movie where Matt Damon, playing a poor teen from Southern Boston confronts a wealthy MIT student. Damon tells him, â€Å"You were born on third base and you think you hit a triple.† In other words, we often over-attribute ourRead MoreThe United States National Security Strategies1398 Words   |  6 Pagesnuclear power; along with the asymmetrical threat of a terrorist attack, both at home and abroad. Regardless of the known security threats which inhibit Americans hunger for change and progression, we have reached a critical time in American history. As a result of our political and economic position, our military is at the strongest in the world, one which acts as a global deterrent to those that attempt to do harm. 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With it is humble roots firmly planted in Seattle Washington, this little coffee shop has turned from a novel idea, into a veritable necessity for Americans on the go. The amazing success of Starbucks can be attributed, in part, to tactical planning. It was through tactical planningRead MoreThe Apa Style Of Writing Has Been In Existence For Over1433 Words   |  6 Pagesguide for many important disciplines beyond Psychology including business and education which indicates the standards credibility in the publishing community (Hunsley, 2010). The long tradition of the APA standard establishes the credibility and importance. It has evolved to keep up with modern research and technology. Using the same style as others in your profession allows for peer reviewers to read the article quicker and also have a reference go back to so they ensure data, ta bles and references

Heuristics and Bias Free Essays

Before meeting with the people at Volvo, I spoke to my supervisor regarding this assignment and my choice. His initial reaction was one of judgment heuristic and availability heuristic. He felt strongly with his convictions about a Volvo due to the experience his brother-in-law had with one and went In to great length on why. We will write a custom essay sample on Heuristics and Bias or any similar topic only for you Order Now Judgment heuristic was shown here for my supervisor made his assessment and judgment of probability simpler and availability heuristic was shown here for he also used what his brother-in-law experienced which Is the process of perception and memory in the imagination. This information was available and fresh in his mind the moment Volvo was mentioned. He did not use information from consumer reports, but Instead used availability heuristic to refer to his brother-in-laws case and based his judgment on that. Events that are easily available within ones mind are more likely judged and to occur according to this heuristic. The biases, which are caused within availability heuristic, are the bias due to the easy retirement of the instances where the supervisor was able to retrieve Just one case against the negative of the Volvo. Also, notice the bias due to effectiveness of the search for the recall process. Many events are hard to recall and some are memorable such as mistakes and errors, there is a bias in the search set itself. Another bias was manageability, which played a role in the evaluation of probability in real life situations (Starker, 2007). An example I would say to him to help in Influencing his decision to a positive about Evolved would be to share a story with him regarding my recent bad experience at a four star restaurant called Blue Fish, when I ate bad shrimp. This does not mean this restaurant Is bad, It Just meaner I had one bad experience, I will either try steak or try the shrimp again for their service, drinks and appetizer were great. This does not mean I will go to my friends and family and say that this restaurant Is bad do not eat there, for In all honestly It Is not a bad restaurant and it Just so happens I had one bad shrimp that resulted in an upset stomach. I would end this example with a question of â€Å"who has this not happened to t any restaurant where one NAS and bad t one time or another? The type tot heuristic that will be employed here to influence my supervisor will be adjustment and anchoring. When adjusting ones beliefs in light of new information there needs to be solid evidence against it. Insufficient adjustment due to anchoring can lead to mistakes. I believe the research I have done is solid information to prayers and influence my supervisor to help change his mind regarding Vole’s (Plops, Chip. 13, 19 93). When I meet with my supervisor once again, I will influence his decision about Vole’s with these facts and statistics such as: with more storage space, redesigned due to feedback from past years, premium small sedan new safety features with more horsepower, a blind spot information system as added as well as a new automatic hazard warning additional optional fun gadgets such as SIRIUS Satellite Radio and high performance audio system (new holds its own against other sport automobiles, cars’, 2007), for most buyers, the standard suspension setup provides plenty of thrills while providing more cushioning over potholes when driving along, while yes it may not have the prestige or athleticism of its German foes, this Volvo costs less, has style with a premium feel, with upgrades added the price may go up, but for a company car one should be reasonable, the base engine will be perfectly adequate ND basic package, this Volvo has slightly better fuel economy than the 2. 41 (Ed munds, 2007), Keeping in mind while all vehicles have their quirks and hiccup one should personally test-drive a vehicle before forming an opinion on what he or she thinks. With all the pros and cons, many people will form their own decisions in the end. The few that I have researched have said that the Volvo S’40 is refined, classy, great and runs Just fine. Even without a slightly more powerful engine, it is as much of a â€Å"real† Volvo as any car is a â€Å"real† car. By utilizing the heuristic strategy f anchoring and adjustment, I feel that I can show my supervisor that what happened to his brother-in-law has happened to many with any vehicle. I would have him ponder on that for a bit, while at the same time showing him what others have to say about the Volvo. I would inform him of the research I did through nectars. Com, Edmunds. Com, and Flavors. Com. By informing him of this, I am using multiple anchor points to help make the final decision that the Volvo is the way to go. When one makes or Judges something or someone based on vividness or recent events, they employ availability heuristic. To help one change their mind or point of view we want to anchor the way adjustment is used and when a decision needs to be made it is made by adjustments to this anchor or starting point. The use of anchoring and adjustment may work in many cases such as this, but at times will not always weigh enough to other factors (Plops, Chip. 13, 1993). References AAU Online. (De. ). (ca. 2006). Unit 3: Heuristics and Bias [multimedia presentation]. Hoffman Estates, IL: AAU Online. How to cite Heuristics and Bias, Papers

Profit Maximization Business

Question: Discuss about the Report for Profit Maximization Business. Answer: 1. Introduction Profit maximization is the objective of each firm. It is the difference between the revenue and costs. In order to run a business, it is important to generate higher profit to increase the operation and scale of the business. However, profit is not used to pay wage; tax or interest, it remains within the firm and invested for further improvement. Therefore, it is important to take right decision that would maximize the level of profit. In the short run, profit can be achieved by avoiding different costs, however, in the long run a firm has to make decision very carefully. By ensuring long run profit, a firm will be able to become competitive in the market. Analysis In a perfectly competitive market structure, all firms attain a constant zero profit level in the long run equilibrium. In reality, firms earn different level of profits. This is mainly because of imperfect competition. Imperfect competition takes place when firm differentiate their product. Differentiation can be made in terms of high product quality that requires innovation or advertising. Innovation is a continuous process and continuous flow of investment is required. In contrast, the advertising is a once-off expenditure. Through advertisement the firms communicate with the consumers and broader society. Advertising is able to change the importance that is attached to specific features of the good. The advertisement differentiates its product by disclosing its quality; price or special feature that is distinct from products of other firms. The distinct features differentiate the products from the competitors. This will reduce the degree of substitution. The major impact of spending in advertisement is the increase in the sales volume. Product differentiation enables the firm to increase its amount of sale, even if the product price is premium. Even if the firm has spent huge amount on advertisement, high sales volume guarantees fairly high margin of costs (Hubbard et al., 2012). This leads to high profits as quantity and price both are high. Therefore, the fixed discretionary advertisement cost of advertising will be justified and can lead to high profit in the future. Figure 1: Advertisement Cost Source: Yan et al., 2014. According to Baumol, increase in the total advertising will increase total revenue, even if there will be diminishing return (Yan et al., 2014). If the firm wants to maximize profit, it will incur advertising cost of OA1. However, if it wants to maximize its sales then it will spend higher cost of advertisement. However, sales maximization is a feature of oligopoly market structure. Monopolistically competitive firm mostly engaged in product differentiation. These firm earn abnormal profit in the short run, however, in the long run they earn normal profit. Figure 2: Supernormal Profit in Short Run Source: Mankiw, 2014 Figure 3:Normal Profit in Long Run Source: Mankiw, 2014 Product differentiation is practiced through innovation and less innovation requires more advertisement. By spending on RD activity, the firm can differentiate its product. However, RD is a risky activity and may result into higher cost than revenue collected in short run. In spite of this fact, this strategy is adopted in order to offer a different product, which will in turn improve sales of the company in the short run as well as long run (Harimaya et al., 2012). Conclusion From the above discussion, it can be said that through once-off expenditure on product differentiation, may lead to maximising economic profit in the long run. However, in practical, the firms emphasize on sales maximization in the long run than profit maximization. Therefore, they focus on making their product different from others through advertising and innovation in order to compete with others in future. 2. Introduction Wage is determined by the law of demand and supply in the labour market. The wage is also paid according to the skill level of the workers. However, in most of the developed economy, the government has set minimum wage, so that wage rate does not fall under certain level (Case, Fair Oster, 2012). The wage rate is different across the occupation and across the industry. However, it has been seen in many cases that the wage is different within the occupation and industry as well. This is often remained unexplained. Analysis The wage is different because the abilities of the workers are not same in a company. a high skilled workers are paid higher wage than a low skilled worker within a company. In addition to this the demand and supply of labours are not same in every sector or across different occupation (Neumuller, 2015). There is huge demand for certain kind of jobs, i.e. supply of labour for a specific job is very high than the vacant positions. In such case, wage tends to fall to reduce the demand. Similarly, when there is vacant position but labour supply is less, the wage tends to increase, to bridge the gap between the demand and supply of labour. The vacant position and eligible labours are different across the occupation and across the industry. Hence, wage differential takes place. Figure 4: Labour Market Source: Created by Author The range of wage varies within the same occupation, because of payment according to the performance standard. In white-collar jobs, workers have high scope to improve their performance as they are engaged in multiple duties. Whereas, the blue-collar jobs offer little scope to improve their performance standard given the type of their work (Visintin et al., 2015). The wage differential also takes place within or across the same industry, because; requirement of skills and the skill levels are different. Apart from heterogeneity in performance and skill, the wage dispersion takes place due to mechanism of search and matching process between employer and workers. Wage also differs due to individual features like gender; age and often race as well. Conclusion From the above discussion, it can be said that theoretically wage rate differs because of different demand and supply across different industries and different occupations. However, in reality, there are several factors that cause wage differential. Such factors are performance improvement ability; individual feature; job searching tenure and so on. These factors vary across the industries. Therefore, economists find it difficult to explain the causes of wage dispersion. References Case, K. E., Fair, R. C., Oster, S. M. (2012). Principles of economics. Prentice Hall, Harimaya, K., Ohkawa, T., Okamura, M., Shinkai, T. (2012). Sales-Maximization vs. Profit-Maximization: Managerial Behavior at Japanese Regional Banks 1980-2009 (No. 94). Hubbard, G., Garnett, A., Lewis, P. (2012). Essentials of economics. Pearson Higher Education AU. Mankiw, N. G. (2014). Principles of macroeconomics. Cengage Learning. Neumuller, S. (2015). Inter-industry wage differentials revisited: Wage volatility and the option value of mobility. Journal of Monetary Economics, 76, 38-54. Visintin, S., Tijdens, K., Steinmetz, S., de Pedraza, P. (2015). Task implementation heterogeneity and wage dispersion. IZA Journal of Labor Economics, 4(1), 1. Yan, R., Myers, C., Wang, J., Ghose, S. (2014). Bundling products to success: The influence of complementarity and advertising. Journal of Retailing and Consumer Services, 21(1), 48-53.