English 2 †Literary Response Free Essays

My Singular Irene Literature is, according to me, a way to pundit society and people or the manner in which the world is carrying on. Journalists of Literature compose writing to give another method of seeing things that may be unique in relation to our perspective. At the end of the day, essayists use apparatuses of writing story like: imagery, perspective to help them is making the writing story to be all the more energizing and clear to us, the peruser. We will compose a custom article test on English 2 †Literary Response or then again any comparable theme just for you Request Now The creator causes us to see the fragility or other awful deeds and beneficial things about this life in this world as we rarely observe those things with our own eyes. A Very Old Man With Enormous Wings and My Singular Irene is a generally excellent model for this writing perusing, since it is wealthy in writing idea and gadgets, similar to: imagery or perspective. The principle character in this story is supposed to be distanced, quelled and hushed in the story. I will demonstrate this announcement by retelling the central matter on the story that bolsters this announcement. An exceptionally elderly person alludes to an old blessed messenger that is thrown aground into earth due to failure to stay aware of the overwhelming precipitation. e can see that the blessed messenger is distanced from models that demonstrated this announcement, for example, : †They found the entire neighborhood before the chicken coop playing around with the heavenly attendant, without the smallest reference, hurling him things to eat through the openings in the wire as though he weren’t an extraordinary animal however a carnival creature. †(Gabriel Garci a Marquez 36). the holy messenger is estranged in light of the fact that It is dealt with uniquely in contrast to the others. The others are messing around with the holy messenger instead of associating with the heavenly attendant. The holy messenger is likewise quelled and quieted. There is a citation that shows this announcement: â€Å"Pelayo watch over him throughout the evening from the kitchen, outfitted with his Bailiff’s club, and before hitting the sack he hauled him out of the mud and bolted him up with the hens in the wire chicken coop. †(Gabriel Garcia-Marquez 36). From this announcement, we can determine that the blessed messenger is â€Å"caged† from it’s opportunity and its opportunity is stifled by the confined that Pelayo given it, hence the heavenly attendant is hushed from the opportunity. My Singular Irene is likewise a genuine model for this writing perusing. Irene is rumored to be estranged is valid in this story. Irene is dealt with uniquely in contrast to others. From the story we realize that Ilene’s spouse( the primary individual view in the story) disengaged Irene from the outside world by purchasing Irene over the top expensive â€Å"stuff† to draw Irene to remain in the house confined from the outside world. Irene is additionally aphoristic to be stifled and quieted. We know from the story that Irene is considered as a â€Å"thing† to her better half, since her significant other needs Irene to act like he needs. In this way, so as to fulfill his self image, Irene is hindered and quieted by numerous ways, as: not permitting Irene to go to the outside world, precluding guests to meet Irene. Irene as well, similar to the Angel is obliged from opportunity. A Very Old Man With Enormous Wings and My Singular Irene are a case of story that has an image of contemporary distance and triumph over it. To begin with, I am going to communicate about A Very Old Man With Enormous Wings. The holy messenger in the story is estranged or make aloof. It is gotten from the conduct of the individuals that found the heavenly attendant. It is dealt with like unimportant merchandise than divine figure. Along these lines, the facts confirm that it is a contemporary distance. Later in the story, we realize that the blessed messenger has his most valuable apparatus that can take him back to his celestial status. That device is its wings, when its wings develops back, he quickly jumped up to the sky and applauded its wings and fly to the skyline of opportunity. The heavenly attendant is presumed to be a triumph over distance. Second, My Singular Irene is likewise an image of distance. Irene is additionally made threatening like the heavenly attendant. She is confined or â€Å"caged† by her better half; there is an intriguing point with regards to this story in my perspective. To me, Irene appeared to be dumbfounded or not a living thing. The writer composes the story so that us, perusers, snatches the estrangement topic in the story. Irene is additionally considered as a triumph over distance. There is a citation from the story: Horrifying! Irene changed into an appalling butterfly! I stood up and fell once more, weak at this point. She would leave me; she would take off and leave me. The immense Irene Butterfly grinned at me, decreased, and vanished with the others. I am at the site of the occasions, hanging tight for Irene’s return. She has no arrival. She can't deny me the harmony that her organization consistently offered me. (AlmAnzar, JosE AlcAntara 45) From this citation, I decipher it that Irene’s opportunity does likewise mean she has a higher status in the relationship with her better half at this point. What I implied by higher status of relationship is the one that consistently attempt to get the relationship moving is the one that has a lower status, for this situation, her better half. Irene’s triumph over estrangement is communicated by the creator of Irene change into the most delightful butterfly that can fly anyplace it needs. It is extremely fascinating that these two stories have a comparable thing. The two of them characterize opportunity by flying leaving what ties their approach to opportunity. The accompanying passage beneath recounts to an anecdote about human requirements for individual flexibility and network. There is surely no contention in this world that can be utilized to oppose human requirements for mingling and individual flexibility. Human consistently search out an approach to snatch that opportunity. Realm falls, realm rises, Leader of a group kicks the bucket, and professional killer was conceived. These models are made on account of the need to get and keep up individual flexibility and the capacity to discuss openly with networks of decision. There is a fascinating story underneath those discussions about human’s want for individual freedom. This story is about the battle of African-American people group in the United States to acquire their privilege of individual flexibility and human requirements for sociality. US otherwise called the place that is known for the free and the fearless has been notable for its opportunity. It has a great deal to offer, for example, the ability to speak freely, the option to work, and so on. Be that as it may, rather than those things, there is a little contest inside this incredible nation in the period of bondage. African American is the objective for this issue. African American showed up in the United States as Indentured Servants by means of Jamestown, Virginia in 1619. They could win their supposed â€Å"personal freedom† by functioning as slave to their picked ace. As time passes by, the other larger part in the United States made a direct for slaves called â€Å"Slaves Codes†. This Slave Codes obliged African American in the Unites States from their freedom. They fought for it until the Majority pushes another cruel standard for any slaves that defy its lords. Starting here, we can see human’s requirements for individual flexibility. Human battles for opportunity gambling all that they had, similar to: their lives, treasure, family members. There is additionally an account of a president that battle for part of his citizen’s requirements for individual flexibility, his name was Abraham Lincoln. He was a rancher kid that conceived Feb. 12, 1809, in Hardin County, Kentucky. His folks were both conceived in Virginia. Abraham was notable for his quality and intelligence in cultivating abilities. In not all that long time he started to be well known in the network in light of his abilities in mingling. Not all that long from that point onward, he turned into the leader of the United States. He saw this incredible catastrophe of bondage and expects to abrogate this cataclysm for good. To seek after this individual flexibility, Abraham had experienced a ton of deterrents from his own family until his own resident in the south. Oh dear, not all that long a common war broke out between the north and the south. However, the great consistently wins; Abraham with the North successes the Civil War by tact. What's more, therefore the time of recreation started. Lamentably Abraham was slaughtered by a professional killer in April 14, 1865; Lincoln was murdered at Ford’s Theater in Washington by John Wilkes Booth. This story has enormously depicted to us the significance of human requirement for network and individual flexibility. Taking everything into account, these two stories, My Singular Irene and A Very Old Man With Enormous Wings, enlighten us regarding the significance of individual flexibility and need of cooperation with others. They additionally let us know, regardless of how hard human is pushed to relinquished their individual flexibility; human consistently rises to battle their approach to acquire opportunity despite the fact that they need to risk their lives to accomplish their objective, individual flexibility. Step by step instructions to refer to English 2 †Literary Response, Papers

Literacy Narrative Essay Example | Topics and Well Written Essays - 1250 words - 1

Proficiency Narrative - Essay Example Moreover, learning a language adds up to the spread of proficiency and familiarity with one more angle and, in this way, is useful for the most part to speak with individuals. As an understudy from China, learning the English language posed a couple of issues to me, nonetheless, bit by bit, I had the option to get on well indeed however not without a couple of significant episodes and recollections to recall the procedure by. â€Å"Many who today hear me some place face to face, or on TV, or the individuals who read something I’ve stated, will think I went to class a long ways past the eighth grade. This impression is expected totally to my jail studies.† (Malcolm X) Malcolm X, the famous pioneer of Black America, has been a motivation along my excursion of learning English. His statement recommends that the sky is the limit, in any event, showing oneself an outsider language. As I marked myself for some English talking exercises, I felt energized realizing that I would give myself the chance to dig into another street throughout everyday life and gain proficiency with various new things which could help me some place later on. Additionally, I hold a distinct fascination for perusing and, therefore, learning another dialect implies having double the writing material, if not more, to peruse and pick up information and data. At first, my excitement knew no limits as my teacher started showing me the essentials of the English sentence structure; be that as it may, soon I got tired and started to lose intrigue. With time, it was getting disappointing to gain proficiency with the language since I would regularly stumble on my syntax and commit senseless errors; I would overlook what certain words implied and where and how to utilize them in sentences; and I even got irritated at myself for not having the option to comprehend accents of the English talking individuals living abroad. Notwithstanding, my fantasy about concentrating abroad in an English ta lking condition propped me up and soon I understood exactly how interesting the language was. I started to comprehend chuckling causing things like homonyms and quips, not to overlook referencing lovely axioms and expressions that I started to utilize in my every day discourse. My educator was intrigued with me as I took to perusing books for youngsters in English regardless. My class was brimming with new enthusiasm, the two kids and grown-ups the same, attempting to ace the English language through productions, plays, discoursed, melodies and sonnets. Be that as it may, for my instructor, I would not have been so conversant in the language today; he ensured that we pursued taking part in English plays, watching English motion pictures and tuning in to English music while chiming in so as to reinforce whatever information we had, and to likewise ensure that we would not commit senseless errors while learning. I watched the film ‘My Fair Lady’, which is about a little y oungster attempting to gain proficiency with the modern type of talking in English so as to dazzle individuals from high society and cause them to accept that she fitted in there. That film gave me the inspiration to open my books and practice my discourse increasingly more since it helped me accept that I, as well, at some point, could be as cleaned in the language as she might have been. With time, I understood that watching English motion pictures with their captions was probably the most ideal approaches to learn new sentences and how to utilize them in discourse. Additionally, my educator asked us to watch the news in English so it would likewise assist us with staying in contact with current issues from around the globe and we would have the option to

What Challenges Do You Think the Company Faced in Changing Theculture Essay Example

What Challenges Do You Think the Company Faced in Changing Theculture? Paper What difficulties do you think the organization looked in evolving theculture? Each association has a culture which is an allowance of faith based expectations, values andstandard that set the quality for how representatives are to act, how work is to bedone, and what picture to speak to the world. The Ritz-Carlton has a solid culture while others are less welldefined. Ritz-Carlton witticism â€Å"We are Ladies and Gentlemen serving Ladiesand Gentlemen. As indicated by Simon Cooper, the President and Chief Operating Officer of Ritz-Carlton Hotel Company, LLC, they picked the mottobecause they don’t need their workers to consider themselves a servile;their representatives probably won't have the riches, information or training of theirâ guest yet they do have similar qualities. Cooper included culture keeps thecompany working at significant levels, while keeping it gainful and empowering itto win grants; Ritz-Carlton culture is about the determined and unremittingdesire to convey world class administration. Be that as it may, Ritz-Carlton might be confronted asubstantial challenges if the way of life has change. Here are some of thechallenges: Research When corporate culture no longer backings the business system, change isneeded. Ritz-Carlton may requirements to do a great deal of research to discover why exactlyculture change is essential for them. Other than of that, they additionally need to avoidthe negative impact which may influence employees’ work execution. Work Employees may influenced by the difference in the way of life. For example, theirâ employees probably won't be work productively and may have a negative mentality. We will compose a custom exposition test on What Challenges Do You Think the Company Faced in Changing Theculture? explicitly for you for just $16.38 $13.9/page Request now We will compose a custom paper test on What Challenges Do You Think the Company Faced in Changing Theculture? explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom article test on What Challenges Do You Think the Company Faced in Changing Theculture? explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer Besides, workers apprehensive that they may need to do things that theyhave never done or even lose the positions due to the way of life changewhich is the most remarkable controlling power. Ritz-Carlton doesn't ‘hire’employees; they ‘select’ new individuals for the Ritz-Carlton group. Ritz-Carltonselects competitors by taking a gander at their perspectives and qualities, rather than skillsand experience. In the event that up-and-comers have long stretches of understanding yet don't fit in withthe solid help culture, they are basically not chosen. Hierarchical Performance Authoritative execution primarily influenced by its way of life, so there isnecessary to change when the way of life is no longer help the businessstrategy. Before doing as such, Ritz-Carlton ought to investigate, recognize and developthe associations limit with respect to changing the way of life to forestall the chance ofâ image ruined. [pic][pic][pic] [pic][pic][pic][pic][pic][pic][pic][pic][pic] Period of Time Changing of authoritative culture is an on-going and ceaseless processwhich may set aside long stretches of effort to actualize and feel the full advantages. Thusly, changing the way of life might be dull for Ritz-Carlton. What is the Ritz-Carlton doing to keep up this new culture? Organization culture assumes a significant job in keeping up a cultivatingenvironment for representatives which thus causes organization to be at lead in theirâ businesses. As an organization develop, its social qualities are refined andstrengthened. Each association has its own one of a kind culture or worth set. Theculture of the association is normally made unwittingly, in light of thevalues of the top administration or the originators of an association. As per Cooper, an extraordinary worker culture originates from their ladiesand courteous fellows as they call their representatives, being completely occupied with Ritz-Carlton business. Something they attempt to do is to wed up their guestengagement and representative commitment which mean they looking for andfinding the proof that an extraordinary worker brings about an incredible guestexperience. To keep up this new culture, Ritz-Carlton has engaged theirâ employees. There are a couple of techniques that Ritz-Carlton used to maintainthis new culture: Living the Service Values Every director and forefront representative will conveys a trifold pocket card thatbears the title ‘Gold Standards’ yet is alluded to as the ‘Credo Card’. The‘Credo Card’ expressed of 12 assistance esteem rules which expected to helpthem in make the persona to draw in extravagance explorers. The Ritz-Carlton is notalone in make the standards and rules to keep representatives centered oncompany values, anyway the Ritz-Carlton stands separated in how itreinforces the qualities with each worker, consistently. Characterize and Refine This rule is underlines the significance of characterizing the experience youwant client to have with your workers and investigates how to refine theexperience dependent on what is applicable to your clients. Every day each Ritz-Carlton around the globe, workers from every division will assemble tohave 15 minutes of meeting known as ‘line-up’. This day by day line-up is to reviewthe visitor experience, resolve issues, and examine the best approach to improve theservice. Prizes Ritz-Carlton propelling and compensating their representatives, who have exceededtheir desires, outperformed the most significant standard with The Ritz-Carlton IncentiveAwards. Moreover, chiefs give out the Gold Standard Coupons tothose workers who are ‘caught’ fulfilling the lodging guidelines for quality. These coupons can be traded for end of the week lodging at the inn [pic][pic][pic][pic] [pic][pic] or stock in the hotel’s blessing shop. Each quarter, a Five-Star EmployeeAward is conceded; with the victor accepting a five-night remain for two at a Ritz-Carlton anyplace on the planet, alongside tickets to go full circle for two andUS$500 stipend. Engaged through Trust The Ritz-Carlton confides in their representatives and gives them a superior workplaceso that they come to work with a smiley confront and give amazing customerâ service. Convey WOW Stories have the force which persuade, impact and fortify the company’svision, culture and qualities. In the line-up, somebody will peruse the ‘WOW’ storiesof the day. A similar story is shared across inns in 21 nations, forâ example a servant will hear a similar story as a server in Hong Kong. ? There is one family remaining at the Ritz-Carlton of Bali, had conveyed aspecialized eggs and milk for their child who experienced foodallergies. Upon appearance, they found that the eggs had broken and themilk had soured. Administrators and feasting staff looked through the town butcould not locate the suitable things. Notwithstanding, the official chefâ remembered that there is a slow down in Singapore which selling theproducts. So he called his relative, requested that her purchase the productsand fly to Bali to convey to them, which she ready to do. In the above case, the Bali is planned to strengthen the administration estimations of No. 7which is â€Å"use collaboration to address singular issues of our guest†. Give Training Employees who join Ritz-Carlton will have two days of only trainingabout Ritz-Carlton. Workers will have two days of direction whichincludes dinners and eateries and preparing in meeting rooms, they aretreated like a visitor. From that point onward, they will get 30 days of preparing from acertified coach from the office. On day 21, new representatives are asked togive the administration criticism on how they can improve their trainingprogram for future preparing and recertification. Furthermore, every employeewill get a base 130 hours of preparing each year which traverses preparing forâ their office, organization culture, language and PC abilities. Other than ofâ that, each worker will likewise experience yearly recertification after they passwritten test, pretend and meetings on culture and aptitude.

Miranda vs Arizona essays

Miranda versus Arizona expositions In 1963, Ernesto Miranda was captured in Phoenix, Arizona for outfitted theft, and for abducting and assaulting a marginally impeded 18-year-elderly person. He previously had a record for furnished theft, and adolescent record including endeavored assault, ambush, and thievery. While in police care he marked a composed admission to the wrongdoing. After the conviction, his legal counselors claimed, in light of the fact that Miranda didn't realize he was shielded from self-implication. The police didn't advise Miranda of his entitlement to direct when he was captured. The central equity at the time Earl Warren set up the Miranda Rights. These rights cause it with the goal that the police to need to illuminate the individual that they are taking guardianship over their privileges. These rights incorporate the option to stay quiet; that anything they state can be utilized against them in an official courtroom; they reserve the option to the nearness of a lawyer; and that, in the event t hat they can't manage the cost of a lawyer, one will be named for them preceding any scrutinizing on the off chance that they so want. Miranda was not educated regarding his privileges so any admissions that he that he made before his privileges being perused couldn't be utilized against him. Despite the fact that Miranda admitted to assault and capturing he was unable to be indicted as a result of it. So the primary court administering where he was seen liable had as discarded. So he bid the court choice and brought the case as far as possible up to the Supreme Court. Miranda bid made it to the Supreme Court. Miranda was arguing that he was not educated regarding his privileges to a legal counselor as per the sixth amendment. Likewise he was not educated about his entitlement to stay quiet. These are the reasons why Miranda made his intrigue. In Supreme Court the conviction was toppled. In a decision gave in 1966, the court built up that the denounced reserve the privilege to stay quiet and that examiners may not utilize explanations made by litigants while in police care except if the p ... <!

Case Study-Sting Ray Study Example | Topics and Well Written Essays - 500 words

- Sting Ray - Case Study Example PoolVac additionally wishes to utilize its business information for the last 26 quarters to evaluate interest for its Sting Ray.Demand for Sting Rays is indicated to be a straight capacity as the accompanying: 1. Run the fitting relapse to appraise the normal variable cost work (AVC) for Sting Rays. Evaluatethe measurable hugeness of the three assessed parameters utilizing a noteworthiness level of 5 percent. Be certain tocomment on the arithmetical indications of the three parameter gauges. (30%) At a certainty level of 95% (5% level of centrality), all the three parameters are huge, as they have a p-estimation of under 0.05. Quite, a (capture) has a p-estimation of 1.96*10-17, while the coefficients b and have p â€values of 0.000342 and 0.01299, separately The model suggests that normal variable expenses is an element of both Q and square of Q. the main parameter, catch is 152, suggesting that the normal expense at steady amount is 152. As amount shifts, normal cost will differ legitimately with Q2 (positive parameter) and conversely with the amount (negative coefficient). Prominently an expansion in amount doesn't really expand normal variable cost, the impact relies upon which variable(either Q or Q2 ) has a more prominent impact. Assess the measurable hugeness of the three evaluated incline parameters utilizing a centrality level of 5percent. Talk about the fittingness of the mathematical indications of every one of the three incline parameter estimates.(20%) h= 3.166Ph and p-estimation of 0.027, infers that holding cost and salary steady, If contenders diminish their costs by a unit, clients move from sting beam to its substitutes henceforth request decreases by 3.166 units and the other way around. 5. The supervisor at PoolVac, Inc. trusts Howard Industries is going to value its programmed pool cleaner at $250,and normal family salary in the U.S. is relied upon to be $65,000. Utilizing the relapse results from Question 4, compose the assessed request work (with just P as

A Refresher on Price Elasticity of Demand

A Refresher on Price Elasticity of Demand No matter what products or services your business is selling, determining the price is among the most important decisions you’ll have to make. That, however, is a complex process and you should ensure you understand all the different elements of a successful pricing strategy.One of the essential concepts to understand is price elasticity. This guide will explain to you 1)  what price elasticity is  and 2)  how to calculate it regarding your own products. We’ll also explain 3) the  importance of determining what is the price elasticity of your product and 4) how to avoid making common mistakes during the process.WHAT IS PRICE ELASTICITY OF DEMAND?Price tends to be an important metric for people making purchase decisions. A customer might buy less of a product if the price will increase and shop more  if the price will decrease. Therefore, knowing how the price affects customer behavior is important for any business.Price elasticity is a measure, which shows how responsive customer demand is regarding the price of a product. Therefore, price elasticity shows the impact that changes in price have on the demand of the product. In other words, price elasticity of demand measures the customers price sensitivity.The conventional understanding of price elasticity is based on the following assumption: The more prices increas e, the more customer demand for the product will decrease. But in reality, price elasticity hardly functions in a direct causal line. This is because products tend to fall into different categories depending on their value and importance to the consumer.There are different ways of categorizing consumer goods, but the three main groups are:Convenience goodsShopping goodsSpecialty goodsFurthermore, products are often further classified into two additional categories of:Emergency goodsUnsought goodsFor each of the above categories, price tends to play a different role in deciding whether to buy or not. Each product category will also feature further division in terms of being an essential or a non-essential product for the consumer.Therefore, price elasticity is a great metric for understanding how demand changes with price.[slideshare id=34215148doc=elasticityofdemand-140502130240-phpapp02w=640h=330]Price elasticity of demand can present itself in the following ways:Relatively or perf ectly inelastic â€" This means the demand doesn’t change dramatically when the price changes. If a change is manifested, it is only in cases of large price changes, which result in small drops or increases in demand. Relative or perfect inelasticity tends to manifest in goods that are essential for the consumer. For example, gasoline often showcases relative inelasticity. People need gas and small price changes are unlikely to stop people from buying it, even if they moan about the price. Only a dramatic increase in price can cause people to think twice. A product with perfectly inelastic prices is for example a cancer drug, that patients need to survive. The patient will buy it, no matter how much the prices go up. However, its not only the good itself that has an impact on price elasticity. Strong branding, for example, can also help businesses  to achieve relative inelasticity.Unit elastic â€" Unit elasticity means the change in demand is equal to the change in price. Whilst t his is often the expectation, unit elasticity hardly happens in real life.Relatively or perfectly elastic â€" The demand can change dramatically when the price of the product changes. The change in demand is noticeable, even if the change in price is small. Products that fall under relative or perfect elasticity tend to be commodities. The brand is not meaningful to the customer or the product itself isn’t a necessity. Food commodities, such as beef are good examples for relative or perfect elasticity. There are many competitors offering a very similar product. Hence, if one company increases prices, customers will just buy their beef from another company. Moreover, there are substitute goods available. If beef becomes more expensive, I might just buy pork instead.By understanding price elasticity, you can better understand how customers will react to price changes. In the following section, we will further examine the importance of price elasticity for businesses.Some practical e xamples on elasticity of demand. HOW IS PRICE ELASTICITY CALCULATED?Price elasticity of demand can be calculated by using the following formula:Price elasticity of demand = Percentage change in quantity demanded / Percentage change in priceHow does this work in reality? Consider a shoe business raises the price of its stilettos from $100 to $120. The price increase would be calculated by subtracting $100 from $120 and dividing it by $100. The price increase would be 0.20 or 20%.The change in the price would also have resulted in a decrease in demand. Under the old price, the business sold 2,000 stilettos and after the price-increase, the number of sales has dropped to 1,600. The demand change would be calculated by subtracting 1,600 from 2,000 and dividing it by 1,600. Hence, the demand change would equal 25%.If you insert these figures into the formula, you’ll receive a price elasticity of demand of:0.25/0.20=1.25So, how to interpret this result? Above, we examined the different ways price elasticity can manifest. There are five zones of elasticity and the calculation will determine the zone for each product. The zones are:Perfectly inelastic if the value equals to 0.Relatively inelastic if the value equals between 0 and 1.Unit elastic if the value is 1.Relatively elastic if the value is slightly above 1.Perfectly elastic if the value is well above 1.The above example would therefore mean the product is relatively elastic. This means the demand of the product changes, as the price has changed. The figure can now help the shoe company to better understand the consumer behavior and the relationship with the particular product.When calculating price elasticity it’s important to understand the figure could technically be negative. But the negativity is traditionally ignored in the calculation and the price elasticity of demand would simply be the resulting number. For example, if the price increase is 20% and the demand change is -10%, the resulting price ela sticity would be -0.5 or 0.5. All that matters is the magnitude of distance to zero, it doesnt matter whether the number is positive or negative.It’s important to understand the number itself isn’t the key thing to understand, but rather the elasticity zone the product belongs to.Check out the below video for further examples on how to calculate price elasticity of demand: WHY DOES PRICE ELASTICITY MATTER?Now that you understand how price elasticity works and how it is calculated, it is time to take a closer look at the reasons why it’s important for any business.Price tends to be an important part of consumer shopping decisions and companies should understand just how important price is for consumers by calculating price elasticity of demand.In fact, price elasticity of demand is one of the key metrics for businesses. It can be used to improve the company’s operational strategy.Firstly, since price elasticity measures the impact of price changes on demand, it helps the comp any to answer one of the most important questions, “How can we set prices?”If you find your product to have inelastic prices, this means you are able to increase the price significantly without diminishing demand and sales. A number of companies already do this with their products. For example, infamously pharmacy companies tend to have expensive prices on products, which people need to survive. On the other hand, non-essential drugs, such as nose spray, tend to be cheaper. If the customer needs a drug to survive, the price doesn’t impact the demand. Of course, cancer drugs and the like have much higher development costs and significantly fewer buyers, which has an impact on the price, too. Nevertheless, price inelasticity plays a role here as well.On the other hand, if your product is elastic, you must be much more careful with the price. Goods like apples will simply be left on the shelves if the price goes up, as consumers won’t feel the need to buy the product. They will just buy their apples in the store around the corner, or buy a banana instead.Whilst price elasticity can often tell whether consumers consider the product you are selling as a necessity or not, it can also reveal something about the brand. Non-essential items can still be price inelastic, simply because the branding of the product has been successful.Apple is a good example for a company that has been successful in terms of product and brand marketing. Although consumers could easily find a cheaper smartphone from other brands, many feel the Apple brand is worth the money.[slideshare id=45793242doc=apple-150313055645-conversion-gate01type=dw=640h=330]Therefore, by understanding your product’s price elasticity you can understand the attitude customers have towards your product and brand. This allows you to set an appropriate price for the product, as well as learn how much customers appreciate your brand.This leads to the second important aspect of understanding price elasticity: Your products won’t necessarily enjoy the same price elasticity at all times. Customer appetite towards a specific product can change. Something deemed as a non-essential item can become an essential product during a crisis or change in conditions. For example, bottled water could become inelastic if the region suffers from water shortage or water poisoning.But a disaster isn’t the only reason a product’s price elasticity might change. Increased competition in the market could also change customer behaviour towards your products. A crowded market could turn a product more elastic, even if you previously enjoyed relative inelasticity.Therefore, it is important to pay attention to price elasticity and to regularly monitor it in order to learn more about the current market situation.Overall, price elasticity can support your marketing and pricing strategy.Since you’ll understand customer behavior towards the product and you’ll learn more about the elasticity in relation to c ompetition, you can react and market your product accordingly. If you have an elastic product, you can try to add more brand building to your product, for instance.Price elasticity can help you further understand your revenue structure as well.Since you can better understand the relation between demand and price, you can predict sales numbers and adjust your pricing strategy. For instance, price elasticity can be great for understanding whether promotions will dramatically increase sales or whether a price-hike would significantly impact your revenue stream.If you find out your product is perfectly inelastic, you could increase prices without hurting demand. This could provide more revenue for the firm and improve profit margins.WHAT TO REMEMBER ABOUT PRICE ELASTICITY?As the above shows, price elasticity is an important metric for defining product and marketing strategies. But you should be aware of some of the common pitfalls businesses fall into when it comes to using price elasti city.First, measuring price elasticity can be challenging. In order to calculate the correct price elasticity, you naturally need two reference points for the price. This means you need to change the price from A to B in order to get an accurate reading. But changing prices dramatically for a longer period isn’t always a viable option for a business. After all, if demand drops dramatically, you can potentially hurt your business revenue and consumers might move elsewhere in search of cheaper products.To overcome the issue, businesses often test the price change virtually, without actually changing the price. They rely on consumer questionnaires and interviews, which they use to ask how consumers would react to different price changes.The problem with this type of measurement is that the sample sizes can be relatively small. A company might not get an accurate image of consumer behavior because they could only get the view of 1,000 consumers. But if the product sales stand at 100,0 00, the sample size will be a limited look into consumer behavior.Furthermore, consumer questionnaires only provide a hypothetical response from the consumer to the price change. If you ask someone, whether he or she would pay $2,000 for a sofa instead of $1,000 in a questionnaire, the answer can be different than the reaction in real life. Consumers don’t always behave rationally and even if they think they would buy the sofa, they might not actually do so when the situation would actually occur. Spending hypothetical money is different from spending real money.The other way businesses try to overcome the issue is by using old data or statistics. For example, they might look at competitor’s data and calculate price elasticity based on this information. On the other hand, businesses might look at how a consumer behaved five years ago, when the price was different to what it is now.But the past consumer behavior can be different to current behavior for a variety of reasons. For e xample, the economic climate might be different. Consumers, who were willing to pay $500 for a massage ten years ago, might not feel the same way now if the economy is suffering.Therefore, real life changes to product prices will always be able to provide you a more accurate picture. You should consider changing your product prices even for a short period. The figure will still provide a more accurate representation of a real life shopping decision than relying on survey-based or past results.Learn from this case study on retail pricing using price elasticity of demand.[slideshare id=43022480doc=pricingcase-141226133526-conversion-gate01w=640h=330]A good way to test price elasticity would not be comparing the current price with a changed price, but rather test price A and price B. Price A could be slightly higher than the current price and price B could be a reduction in price. This allows you the monitor the demand during a similar period.Chains can conduct testing easier, as the b usiness can simply change the price in a single store, for example. The key to efficient price and demand testing is to conduct it in small scale. Never introduce a large-scale price change solely to test the customers reaction, as you could potentially damage your business.Finally, you should be careful on how your business reads into the price elasticity metric. You don’t want to treat it as a number, but more like an indicator of consumer behavior. A business should never simply calculate the number and conclude the product is elastic or inelastic. You should instead look beyond the number and examine the reasons behind the result.You’ll have more success with price elasticity if you use it to understand underlying consumer behavior. Once you calculate the product’s price elasticity, conduct qualitative research into consumer behavior. For example, is the elasticity more a result of the current market conditions, external economic factors or simply an indicator of the custo mers’ quality expectations towards your product?Be patient with your calculations. By understanding the underlying reasons for consumer behavior, you can get an accurate image of the real price elasticity. Remember consumers will need some time adjusting to price changes and aligning their behavior with the product’s value proposition, so don’t make rash decisions based on your readings.THE BOTTOM LINEPrice elasticity is an important metric that decision-makers should understand. Price does matter and consumers make decisions based on the price. But the impact price has on demand can vary between products and it’s important to understand the product-specific relationship between demand and price.Businesses can benefit from understanding the nature of price elasticity. It can help to devise a more cohesive pricing strategy, but it’s also an essential factor in shaping the marketing strategy for the product. By understanding price elasticity, businesses can get a more accura te picture of how consumers view the product.

Gender Matters Status Of Women In 20th Century California - 275 Words

Gender Matters: Status Of Women In 20th Century California (Reaction Paper Sample) Content: Name:Course:Instructor:Date:Status of women in 20th century CaliforniaIn the 20th century is when California women made significant progress in achieving equality of employment. California was one of the earliest states to grant to women votes that was back in 1911. Before that women were rarely successful in obtaining elective office. In 1918 four women were elected in the state assembly. However, during the next 50 years only ten women were elected to the state assembly.Economic and political gains made by womenIn late 1975, California was ranked 48th among the states in percentage that had state elective offices held by women. In 1976 women in the legislative increased from three to six and by 2010 the number had risen to 33. The number of women elected to hold office in the local level also increased. Governor Edmund G Brown Junior appointed more than 1600 women to various boards and commissions and named women as directors of the department of finance, agricult ure,, transportation, veteran affairs, conservation, motor vehicles, and last but not least correction. Elizabeth Bird was the first woman to be appointed to a supreme court and later on became the chief justice. Also, the employment of opportunities for women increased gradually and increased number of women sought to seek employment outside their Homes. In 1977 a majority of women were in labor forceProblems of inequality that remainIn the state however there were problems in that strong opposition developed and stalled t...

Gender And Gendered Stereotypes Label - 1786 Words

Conforming to the norm of a culture is a norm within itself and almost everybody struggles with it. It is part of the human experience that we ask ourselves, â€Å"Who are we?† but what we are blind to is that we are already told who we are from birth. The concept of gender and gendered stereotypes label people who have yet to experience the world. Gendered socialization, which is a process by which a person learns to live by the norms and customs of their specific sex, is where these stereotypes begin in our lives, and follow us to our death. This notion is an invisible authority of which many cultures live by and it controls all forms of communication. This can be proven simply by studying the way in which men communicate, then the way in which women communicate. Although constantly changing, genders have rules, and these rules dictate the nature of living for everyone. My own experiences with gender stereotypes are different than most. I was born lucky; my parents let me ex periment within the realms of different genders and, to my surprise, did not question it. I was interested in things intended for girls. I would play with barbie dolls with my cousins and they would even sometimes dress me up in â€Å"girl† clothes. Moreover, I enjoyed watching many princess movies and, even as a boy, saw myself as these film’s heroines rather than heroes. Society’s beliefs would interpret this as early signs of homosexuality or even transsexuality; however the only reason I feel obliged toShow MoreRelatedGender Roles : Gender Role Play Essay1226 Words   |  5 PagesGender role play is the concept of young children partaking in a form of play that already sets them within a specific gender role, for example, a girl pretending to be a mother or a girl partaking in a â€Å"pink-collar† job such as nursing, teaching etc. This form of play can be seen within make-believe play. Though this topic can be tricky to study, due to the fact child ren in general can be tricky to observe, it is incredibly relevant due to the fact play in general has a huge effect on childrenRead MoreHow Long A Male Child Will Play And Or Interact With A Toy Once They Are Told The Toy1416 Words   |  6 Pages(2014) suggested that gendered toys along with gendered jobs were already noticed by young children, for example, if a toy is a more masculine color, girls already shied away from it and when certain jobs are shown to young children, they have already created schemas dealing with which gender can perform that specific job (Weisgrama et. al., 2014). With the small amount of research done in the context of gender roles and play it is obvious that gender roles or gendered stereotypes already have some effectRead MoreNegative Effects Of Toys1004 Words   |  5 Pagesare categorizing children’s toys by gender, using colors and advertising products in a certain way, leading to gender stereotyping, which is putting the â€Å"boy and gir l† labels on toys. â€Å"By the mid-1990s, however, gendered advertising had returned to 1950s-levels, and it continued to grow in the 2000s† (Robb). These rates have gone up over the years and continue to cause negative effects on children’s development. However, some people say otherwise that gender specific toys are a way to make it easierRead MoreGender Stereotypes Essay1326 Words   |  6 Pagesï » ¿Representation Of Gender Stereotypes Essay (Core Text: She’s The Man, Related Text: Bend It Like Beckham) Gender refers to what it means to be male or female in daily life. 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The Issue Of Mental Health Care - 1211 Words

On August 29, 2016, Presidential candidate Hillary Clinton released an ambitious plan for addressing the issue of mental health care in the United States1. This plan echoes numerous bipartisan bills that have been produced in Congress over the past several years and seems to be one of the few issues that both sides of the aisle can agree on.2 Earlier this year, a bill providing additional support to mental health care was passed in the House with a 422-22 vote3, so it is now up to the Senate to pass its own reform. If lawmakers fail to send a bill to President Obama before leaves office, which is likely, the onus will fall on the next president to leave their mark. If this turns out to be Ms. Clinton, her stance is obvious. She and the lawmakers working on these issues seem to agree on many important aspects; first and foremost that treatment of mental and physical health should be given the same priority. Other aspects of Clinton’s plan focus on early diagnosis and interventi on, federal support for suicide prevention, improved outcomes in the criminal justice system, and integrating the mental and physical health care systems. Ms. Clinton also proposed $5 billion for community health centers to provide mental health and substance abuse treatment in addition to traditional medical care and advocated for the use of telemedicine to help address the shortage of mental health professionals. While the idea of these reforms has widespread support, one of the most likely obstaclesShow MoreRelatedThe Issue Of Mental Health Care Reform1300 Words   |  6 PagesHealth Care Reform On August 29, 2016, Presidential candidate Hillary Clinton released an impressive plan for addressing the issue of mental health care in the United States.1 This plan echoes numerous bipartisan bills that have been produced in Congress over the past several years and seems to be one of the few issues that both sides of the aisle can agree on.2 Earlier this year, a bill providing additional support to mental health care was passed in the House with a 422-22 vote3, so it is nowRead MoreIssues Of The Mental Health Care System2219 Words   |  9 PagesIssues in the Mental Health Care System Introduction Mental illness is a disease found worldwide, affecting a big chunk of the population. 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So, why is access to mental health care so limited and what is the government of Ohio doing to solve it and what else should be done? Mental illnesses are very common in the United States,Read MoreMental Health : A Global Crisis1599 Words   |  7 PagesMental Health: A Global Crisis Mental Health is defined by the World Health Organization (WHO) as â€Å"a state of well-being in which every individual realizes his or her own potential, can cope with the normal stresses of life, can work productively and fruitfully, and is able to make a contribution to her or his community (WHO, 2014).† Any deviation from that definition constitutes a mental health issue. 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The Internet and the Future of Language Essays - 727 Words

Throughout the history of civilization, a new medium of linguistic communication has always brought significant changes in our way of communication as well. Such media are printing in the fifteen century, telegraph and telephone in the nineteen century, and finally television and the internet in the twentieth century. However, the sheer scale and the significance of the Internet have in sociolinguistic and stylistic complexity of the language is unprecedented and comparable to that of conventional audio and visual quality of linguistic aspects. Unlike previous communication media, the internet is global, interactive and electronic. Such characteristics of the media have different influences in linguistic development. Moreover, the internet†¦show more content†¦Simply put, in the prescriptive point of view, there is a one superior variety of language that should be imposed upon the speech community while in the descriptive point of view, varieties of dialects are included in the speech community. In the world of Internet literature, both descriptivists and prescriptivists suggest imposing their points of views to Speech community. Whatever the outcome of the arguments might be, the Netspeak writers have searched for new vocabulary constantly, creating new jargon and trying to coin the terms into the Internet lexicons. Nevertheless, a kind of semi-prescriptivism seems to emerge suggesting that imposing certain degree of regularities and consistency is necessary to control the linguistic developments of the Internet l anguage (Crystal 64). A lingua franca is a language used to make communications possible between people not sharing a mother tongue. The modern major lingua francae are English, French, Spanish, Russian, Chinese and Arabic, among which English is the most successful lingua franca in the history of the world. English is most widely spoken in every corner of the world as a second language or as a foreign language. It is also a language of science, education, trade and culture. In the age of globalisation and the internet, a large number of internet-related terms have entered English lexicon, making the Internet language the most creative contemporary lexical domain. Many of them areShow MoreRelatedHow Internet Slangs Affect language?889 Words   |  4 Pagesuse of Internet slangs within the age group ranging from 14 to 30, which most of the people within this age group is contacting with Internet slangs most frequently. For the questionnaire, we interviewed one hundred people and student in City University of Hong Kong, and half of interviewees are boys while the others are girls. 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Perhaps youve spent days upon days indoors, almost relying your total attention span to the speed of your internet, hoping to avoid that unsatisfied moment of your Facebook page unable to be completely loaded between the seconds of time you take to quickly glance at your undone homework assignments and back to the screen. Technology. Perhaps youve heard of itRead MoreThe Internet versus The Library Essay1202 Words   |  5 PagesThe internet and the library , both are the considered to be a big depository of information .Library can be defined as [1]â€Å"A collection of literary documents or records kept for reference or borrowing† While Internet is defined as [2]â€Å"An electronic network providing access to millions of resources worldwide. University Libraries provide access to many periodical indexes through the Internet. Internet access is available on all floors of the Libraries.† Internet and the library both seems to beRead MoreHow Language Influences Success When Using Social Media For Starting And Sharing Different Social Justice Movements1509 Words   |  7 PagesPurpose The purpose of this research project is to discover how language influences success when using social media for starting and sharing different social justice movements. This research will be able to help future social justice advocates spread their message effectively in the future. This research project will go over several different factors of language like gender, age personality and location (Benjamin et al, Schwartz et al) and the Red Equal Sign Profile Picture Campaign led by theRead MoreInternet Archiving Preserves The Live Web Essay979 Words   |  4 PagesInternet archiving preserves the live web by saving snap- shots of the websites made with a specific date which can be browsed or searched for various reasons. Its object is to save the whole web without being in favor of a specific language, domain or geographical location. The importance of archiving made it important to check its coverage. In this paper, we try to determine how well Arabic websites are archived and i ndexed, and if the number of archived and indexed websites is affected by by countryRead MoreComputer Mediated Communication Theory Is Defined As A Type Of Human Communication1548 Words   |  7 Pagesenvironments. I believe I have used each these theories one way or another during my nursing career already. I believe I can take the new knowledge I have learned about these theories and apply them to the interactions I have with my patients in my future nursing practice. Florence Nightingale is reflected as the first nurse informaticist. She recognized the value of data that revealed healthcare. The computer became a major impact for the formation of nursing informatics. The American Nurses AssociationRead MoreA Review of K W Lees Article Energizing the ESL/EFL Classroom through Internet Activities1140 Words   |  5 Pages If you would like the same writer to complete future research development for you, please specify the writers username (see above) when placing your next order. The paper below is an example from which certain passages, ideas, and/or information may be referenced and correctly cited. This paper in its entirety may not be sold, reproduced, transmitted, or claimed in any manner without the written permission of Student Network Resources Inc. IMPORTANT: Please remember that the charge on your billRead MoreSlangs in the English Language Essay679 Words   |  3 PagesSlangs in the English Language For hundreds of years, English has been continuously changing.Words that were unacceptable 300 years ago are now commonplace. Englishhas always had a trademark of being a comfortable language, the language ofthe common people (MacNeil 143). Change in the grammar and diction of alanguage is natural, and English is always confronted with changes. Amongthem are the use of slang, clipped word endings, and new dialects. SomeConservatives do not like changes becauseRead MoreEssay about English: The Most Important Language of Today885 Words   |  4 PagesPresently, English is the most wide spread language in terms of the number of countries that speak the language as a mother tongue or foreign language. Regardless of languages such as Mandarin, Arabic and Spanish having a great number of speakers, English dominates as a foreign language for many. A Newsweek Magazine article, written by John McWhorter, ranks English as the world’s international language today and states it is li kely to remain this way in the future (McWhorter). Writer Dorie Clark for Forbes

The Effects of Sexual Abuse Free Essays

The Effects of Sexual Abuse PSY/265 March 8, 2013 The Effects of Sexual Abuse When you talk about the short term and long term effects of sexual abuse, the list can be long with many variables. The variables can be anything from someone being raped by someone they do not know, which still has the same damaging effects but not to the extreme when the individual was raped by someone they know and had a relationship with. Another example of a variable that could affect short-term and long-term effects of sexual abuse would be the care that they received after the abuse happened. We will write a custom essay sample on The Effects of Sexual Abuse or any similar topic only for you Order Now When an individual is able to get counseling and has a strong support system after going through something such as rape, it is suggested that somebody with this type of help after being raped is less likely to have long-term effects from a rape. Now on the other hand, if somebody does not have the support system in the counseling afterwards long-term effects are more likely to happen. When you talk about long-term effects are talking about weight gain, promiscuity, addictions, codependency, abuse, and no interest in sex. When you talk about the long-term effect weight gain are talking about somebody putting on weight in order to hide themselves said that they would feel in visible to others, making them feel undesirable. The long-term effect promiscuity is explained, as someone who has been raped by a family member, starts to feel that they are not worth anything unless they are having sex with somebody and feel that they cannot get love otherwise. When it comes to the long-term effect addiction, this can mean anything from having an addiction to food to hide with their failing to having an addiction to drugs and/or alcohol in order to numb the feelings that they currently are going in regards to the sexual abuse. The next long-term effects is codependency, this is explained as the victim having such a low self-esteem that they do not trust what they decide to do and need somebody to help make the decisions for them. References: Rathus, S. A. , Nevid, J. S. , Fichner-Rathus, L. (2011). Human Sexuality in a World of Diversity (8th ed. ). Boston, Massachusetts: Allyn Bacon. How to cite The Effects of Sexual Abuse, Essay examples

Organizing and Managing Innovation for NineSigma- myassignmenthelp

Question: Discuss about theOrganizing and Managing Innovation for NineSigma. Answer: Introduction to NineSigma The report will discuss in detail about NineSigma which is widely encourages innovation in its organization. The company connects the company with number of external innovation based resources to increase the pace of innovation in so many sectors like private, social sectors and public. The organization also provides or encourages open innovation based services to companies across the world. It also consists of assorted products like Kraft Foods, Unilever, Siemens and Philips to meet the sudden issues in addition to integrating it will new base or set of knowledge which is filed with product based pipelines and important to stay ahead of the competition (Bakici et al., 2013). It also come under the list of five thousand companies that is one of the fastest growing organization among US based companies. The proprietary process of the company has manufactured billion of money in value for the customers. The company is one of the largest open international network for solution providers along with an extensive database of present solution which spans in many industries and technical based subjects or disciplines. The company has also formed an online based innovation community where it becomes the one of the first open innovation based social media destination worldwide. It helped in connecting number of different innovators all kinds with varied resources and associations to drive development. What makes NineSigma innovative in the marketplace? The company can identify the risk and the concept of risk is an inherent or crucial part of innovation. Risk for an organization can also mean that not knowing whether there is any kind of better technology based solution that will help in getting them to the market in fast manner or no clarity on how the current emerging technology can associate with the present set of products as well as market or even not gaining any clarity on what they understand as an organization. The main reason behind it that the company understands that knowledge cannot be accessed in easy manner (Battistella and Nonino, 2012). The company has developed the open innovation based services to reduce the risk which inherent in case of innovation and it make sure that the vision is bolder through accessing to new answers, partners and knowledge. The concept of fearless innovation is also about bringing the concept of innovation in rapid as well as confident manner. Innovation in fearless manner has so many phas es that it helps in boosting the overall confidence and are also critical to accomplish the success. Following are some of the crucial facts: - Bold Breakthroughs: these days breakthroughs are common practices in companies, labs and various kinds of organization. It is important to take or understand the concept of needs in right manner to those people who are bold innovators to find the right solutions in case people are unaware about the existence of the unknown or unaware that it can also be applied on the need (Battistella and Nonino, 2013). Action based knowledge: it is important to understand that a person is an expert in the field of education and it becomes important to have the right information required or that can relate to the technology to other emerging technologies. There are many important questions needed to be asked here like can companies connect seemingly with unconnected technology areas as well as distil broad based technology domains into many actionable options. Unexpected connection: the company is considered as a fearless innovator which primarily means that it is open to many solutions which are outside the industry and technical based disciplines that can change in radical manner in a way that one approach the technology based challenges and create a new and improved competitive advantage (Bessant and Mslein, 2011). Social innovation: the concept of social innovation is based on companys collective future and the way company is innovating will continue to evolve constantly since social media is becoming more sophisticated and can also bring together all kind of qualified innovators to deal with familiar challenges while saving the private data as well as IP. Unlimited access to innovators: there are parts of innovation process that is having unlimited access which becomes the best ideas, along with solutions as well as partner regardless of where different resources exist and with right preparation as well as expectations any two kind of companies can connect or collaborate in an effective manner to generate solutions that can create so many set of mutual values. How does this form the basis of its competitive advantage? The company highly values the concept of innovation. Organization in the current time can identify the overall value of open innovation and are also very eager to solve the areas which are not yet invented with the mindset where NineSigma can find out the essential elements when the company first initiated their operations. However, it was the selling based challenge some ten years ago that eventually helped the company in refining the messages and develop proven methods that coaches the customer through every step of the present open innovation methodology which goes from adopting the innovation strategy to successful solutions (Billington and Davidson, 2013). For example, contracting with solution providers and getting modern technology answers. The customers in every industry as well as technology sector have seen companys ability to successfully connect the organization with the international innovation community. The company has also enabled the customers to take leverage in the concept of open innovation based network along with external resources to meet the sudden issues that are filled with product pipelines and further integrate with new set of knowledge and capacities into their companies. The company is not concerned that whether the client comes fortune fifty company or middle market organization or international level of non-profit. The company helps them to integrate the concept of open innovation based culture as well as practice into the company with repeated process that can be applied on any company kind with same positive outcomes. Since the inception, the companys mission has been to connect with organization and get them best experts that will understand and solve the issue. As a part of open innovation based marketplace evolves, that the company is highly committed in helping the customer to accomplish measurable success in their open innovation efforts (Chesbrough et al, 2014). The company will continue to test as well as refine the serv ice based offering to meet the current evolving needs for the customers. What type of innovation is dominant in this organization? As discussed, the company follows the concept of open innovation. The concept of open innovation is based on gaps that falls directly between the academe and the business. In conceptual terms, it is widely distributed with more participatory and more decentralized approach to innovate based on the observed facts that are crucial knowledge in the current time and distributed widely with no company and no consideration on how capable or big the company can innovate in effective manner on its own. At the same time, there are many kinds of critical roles as well for an overarching related architecture that can connect with seemingly disparate level functions (Hossain, 2012). The business model also decides what organization can look to bring internally in the company and permit to go out of the firm. Therefore, the concept of open innovation also offers a lot for academics to study and understand that there have been many academic papers written in the present time on topic in the past e ight years. In case of business, the concept of open innovation is a more profit based method to innovate since it can decrease the costs and increase the pace of time to market and raise the level of differentiation in the market as well as create new base of revenues based streams for the organization. Therefore, there is the existence of many opportunity for the business to gain profit from open innovation. There are so many companies worldwide in the current time that have executive with the job title and managers of open innovation. Also, there are so many software based companies along with intermediaries and consultant that provide product as well as services in open innovation concepts (Katzy et al., 2013). It is important to understand if nothing works, the presence of current newly founded open innovation will help in providing the suggestions that the present concept has met a market based test. The important question is how the concept of open innovation can be defined. The definition is based on the basic nuanced than that of many kinds of people. The concept of open innovation is based on the usage of purpose based inflows along with outflows of knowledge can increase the internal innovation and further expand the markets for the external usage of innovation in the right manner. Open innovation can be defined as the concept of antithesis of the traditional as well as vertical kind of integration approach where internal research and development function lead to developed product internally. The definition also suggests that there are aspects to open innovation and one is the outside in concept where external based ideas as well as technologies can be brought into the company very own innovation process (Piller et al., 2011). This is the most common characteristics of open innovation. The less common feature is the concept of inside out part where there are so many under-utilised concepts along with technologies in the company that can go completel y outside to get incorporated into other distinct innovative process. There are many other methods as well where some people will define the concept of open innovation. There are some people who claims that it can work just like open source based software and in other places it doesnt. The current business model for innovation is an important part of open innovation. There are many other who think that it is simply based on supply chain management but it isnt. the concept of open innovation consists of many other factors that falls far outside the traditional level of supply chain. The participants in open innovation can be impacted however, often are not completely directed or managed in right manner. There are some people who also claims it that it is user based innovation but its not. The user is very crucial towards the concept of open innovation since there are universities, venture capital and RD (Rass et al., 2013). Does the organization exemplify a combination of some of these innovation types? The company is the global leader specifically in open innovation services. The company usually turns to Warner to make sure that the target market is aware of all the latest news. The organizations are helping all the leading companies in every kind of industry to leverage the international brain by recognising new answers with IP, technology based that can speed up the RD and consist it in a manner that can also drive strategic advantage along with market leadership. This is done through highly managed services along with social media innovation based website. The concept of open innovation is complicated concept and the impact that the company want to reach is not an easy goal. It is important to understand the technicalities and basics of the open innovation market and one must know that the players and insiders are aware of it (Schroll and Mild, 2011). The company has successfully managed to secure a place in publications like Harvard Business Review and Forbes and many more in s ectors the company serves. To rightly complement the companys traditional media relation program, the company also took help of social media by running a campaign to reach more deeply into many vocal and highly active communities on online portals. It is also crafted program for LinkedIn aiming on the company most crucial innovation leaders in their own group at the time of expanding the content and engaging as well as impacting the companys own group. It is also important to integrate the traditional with many society based aspects of the program which also support the internal team and usage of twitter and other social media to amplify the influence of every kind of announcement. How does this organization organise and manage the implementation of innovation? As per number of research, management of innovation has many similar features along with management of technology which can also seek to maintain as well as improve the competitive place of the organization by using the technology in right manner. Usually the two words are used in an interchangeable manner since the borders between the two parts are not completely recognized. Therefore, it is also indicated by number of studies that tend to deal with innovation as well as technology based management by trying to bring together the concept under one umbrella (Ye and Kankanhalli, 2013). There are number of other approach in historical manner which are common and has been related with managing innovation new cases of product development. It is important to try to make a change that can be highlighted for the rest and the crucial of managing the pace of development as well as marketing the new products in the managing the innovation. The reviews of the concept of innovation management in NineSigma suggest that the company sought to recognize the scope of innovation management which further will assist to manage the conceptual framework that can be right for the action research consisting the implementation of innovation management concept in an organization (Schroll and Mild, 2011). The overall implementation of innovation management can further be rationalised, but need proper customization as well as commitment from the organization to leaders. Therefore, to properly understand the implementation the company must apply the set framework which further will provide support in recognizing the key areas for the implementation of innovation management. How do these initiatives facilitate the achievement of strategic innovation outcomes? Technology based increment innovation is when aligned with the strategy of the company which is aiming at new kind of products and processes as well as application and service oriented to the consumers that can respond to the demand and the companys own idea. All this is based on the strategy that is between the foresight of internal development mainly focusing on the present core business. In addition, the company also aims on innovation on the generation of values for the consumers along with the designs of product based platforms with constant search for new answers and the improving the processes. To achieve the goal, the company will be able to empower the brand and apply the current solution in an efficient manner and exploring the option for collaborating with tools based suppliers along with searching the radical product innovation options through collaboration (Ye and Kankanhalli, 2013). Reference Bakici, T., Almirall, E. and Wareham, J., 2013. The role of public open innovation intermediaries in local government and the public sector.Technology Analysis Strategic Management,25(3), pp.311-327. Battistella, C. and Nonino, F., 2012. What drives collective innovation? Exploring the system of drivers for motivations in open innovation, Web-based platforms.Information Research,17(1), p.513. Battistella, C. and Nonino, F., 2013. Exploring the impact of motivations on the attraction of innovation roles in open innovation web-based platforms.Production Planning Control,24(2-3), pp.226-245. Bessant, J. and Mslein, K., 2011. Open collective innovation. Billington, C. and Davidson, R., 2013. Leveraging open innovation using intermediary networks.Production and Operations Management,22(6), pp.1464-1477. Chesbrough, H., Vanhaverbeke, W. and West, J. eds., 2014.New frontiers in open innovation. Oup Oxford. Hossain, M., 2012. Performance and potential of open innovation intermediaries.Procedia-Social and Behavioral Sciences,58, pp.754-764. Katzy, B., Turgut, E., Holzmann, T. and Sailer, K., 2013. Innovation intermediaries: a process view on open innovation coordination.Technology Analysis Strategic Management,25(3), pp.295-309. Piller, F.T., Vossen, A. and Ihl, C., 2011. From social media to social product development: the impact of social media on co-creation of innovation. Rass, M., Dumbach, M., Danzinger, F., Bullinger, A.C. and Moeslein, K.M., 2013. Open innovation and firm performance: the mediating role of social capital.Creativity and innovation management,22(2), pp.177-194. Schroll, A. and Mild, A., 2011. Open innovation modes and the role of internal RD: An empirical study on open innovation adoption in Europe.European Journal of Innovation Management,14(4), pp.475-495. Ye, J. and Kankanhalli, A., 2013. Exploring innovation through open networks: A review and initial research questions.IIMB Management Review,25(2), pp.69-82.

Accounting Information Systems Collected Data Information

Question: Describe about the Accounting Information Systems for Collected Data Information. Answer: Introduction This study deals with discussion on Accounting Information Systems. AIS are the process for collecting stores as well as process in financial and accounting data. Internal users of particular business organization use collected data. In this present study, the tax authorities, investors as well as creditors use information. Accounting Information Systems is one of the computer-based processes that help in tracking all accounting activities with information technology resources (Worrell, Wasko and Johnston 2013). This particular information system unites traditional practices by following the accounting principles such as Generally Accepted Accounting Principles (GAAP). It is mandatory selecting proper AIS or ERP system. This further helps business organization in taking efficient decision in regard with investment in accounting software. This widely depends upon different types of size of business. This current study elucidates the business process of B Bakery in along with given bus iness requirements (Ward and Peppard 2016). Business Process Baker is an individual who bake cake as well as bread for selling them in the market. Cake and bread are baked with the help of oven and other concerted heat sources. Bakery is the place where baker bakes and makes products such as breads and cakes. Baker specializes in baking cake and bread known as Pastry Chef (Vanhoof et al. 2014). There are several types of baker such as Commercial Baker, Retail Baker as well as Bread Maker and Baked Goods Producer. Baker mixes as well as bakes the ingredients in accordance with recipes for making various types of pastries, bread and other form of bakery products. Key Activities of the Business Several key activities of bakery firm involves production of bakery food products, manufactured products distribution especially to the targeted customers as well as accounting of related operational activities of the business firm on manual basis (Vanhoof and Aerts 2014). Addition to that, bakery firm activities includes baking on accurate basis. It is baked in oven temperatures for fulfilling the personnel responsibilities as well as maintaining the inventory of business firm. Therefore, key activities of bakery business required efficient budgeting as well as cleanliness and safety at the same time. Bakery Food Products Production B Bakery focuses majorly on bread manufacturing as well as other products of confectionary. This aims at spotlighting on health factors on all the food items (Sutton and Arnold 2013). Manufactured Products Distribution B Bakery engages in selling manufacturing products with the help of various distribution channels. It majorly involves pub chains as well as supermarkets in the most appropriate way. Manual Accounting of various operational activities It is important to understand the fact that business firm properly maintains its accounting records on manual basis. It is recommended to business firm in appointing an accountant for business function (Sousa and Oz 2014). It requires to record transactions and its accounts as presented in the financial statement of a particular business organization in given financial year. Staff Employment From the case study on B Bakery, it is easy to gain understanding that the bakery firm employs more than 70 employees for conducting business operations in an effective way. This particular firm requires maintaining the salary accounts of employees with the help of using manual procedures (Rainer et al. 2013). Therefore, there is high probability that business firm commits some mistakes regarding payment methods as well as salary accounts of its employees. Development of Business Requirements Business Process Essentials implementation There is various business process or activities needed for running particular business in smoother terms by considering operating and regulations of any kind. There are even some of the activities considered as indispensable in nature. In case of B. Bakery, several business activities deal with operational and regulatory activities for a particular business firm. This includes identification of sales cost, cost effective process as well as periodical analysis and other process of production in an overall manner (Newman, Stikeleather and Waddoups 2016). Addition to that, it further takes into consideration proper structure for payroll activities informational analysis as well as preparing financial statement and tax payment on timely basis. It is important to conduct detailed analysis for B Bakery from last year transactions. This involves viewing at the turnover rates for B Bakery for future analysis purpose. Revenue generated by B Bakery amounts to $13.5 million. B Bakery employs more than 70 staff members (Marshall, Curry and Kawalek 2015). They are appointed for the medium scale business named as B Bakery. This particular bakery firm enjoys continuous growth for given years with its unique products. There was an issue concerning with deficit of proper accounting as well as system for recording of given data B Bakery should incorporate given business process for making the bakery business more efficient in nature. Cost of sales Identification It is important to consider the fact that bakery industry aligns completely with the business organization in the manufacturing activities. Addition to that, these particular organization manufacturers various types of products involving in process as well as materials (Ismail and King 2014). Therefore, this particular organization should efficiently incorporate accurate system for accounting purpose. This will help in identifying manufacturing expenses for making use of accurate products. Cost Effective Process for Production Accounting is requires for system of producing given food items. It enables control over the expenses for developing in the production systems for taking into consideration cost-efficient measures (Hall 2012). Periodical Analysis B Bakery is a FMCG manufacturer and aims at incorporating business process for analyzing financial condition of the organization for specified period (Guragai et al. 2014). Payroll accurate structure Proper accounting system and proper payroll structure initiates with salary payment. There are even other contributions for making the payment to staff members for given business organization (Guffey and Harp 2013). Informational analysis There are various forms of information that further help in smooth business activities in analyzing and preserving usage of appropriate techniques. Financial Statement Preparation Every business firm prepares financial statement for given year. It is recommended in using accurate potential information from the financial statement and analyze based upon that Business firm prepares financial statement by taking consideration crucial configuration for specified time (Galliers and Leidner 2014). Tax Payment Tax is one of the important debts considered by any business organization. Therefore, business organization should utilize such methods for making the process of tax return in easier terms (Dull, Gelinas and Wheeler 2012). Required Outcomes for Achieving Business Objectives It is necessary to find out business process requirements with proper outcomes and results. Gaining this type of information helps in achieving the required objectives in relation with business organization (Du, Huddart and Xue 2015). It requires analyzing the given procedures as it will help business organization in running profitable enterprise in the upcoming financial year. Improvement in Pricing Strategy Cost of sales is one of the basic structures for construction of selling price for given products and services. Management Department of business need incorporation of accurate system for costing as it will identify proper sales cost. Addition to that, implementing effective strategies leads to proper as well as accurate pricing method. This will help in guiding identification of selling prices for food products in an effective way. It is important to determine the selling price for given food products as it will generate ways for change as well as modifying the pricing strategy wherever necessary (Daoud and Triki 2013). Cost Effective System for Production B bakery is a medium-sized business firm dealing in bakery industry. Activities performed by B Bakery come under manufacturing activities. As far as manufacturing unit is concerned, it deals with observing activities of business enterprise on matters relating to indirect costs (Considine et al. 2012). This leads to ineffective consumption of labor as well as materials at the same time. This particular control cost system has the ability for identifying the factors responsible for ineffective utilization of financial resources. Superior Control over the Financial Performances B Bakery has the ability in analyzing the financial condition with the help of periodical analysis in given financial matters (Bishop et al. 2016). This will help management department in gaining proper understanding of firm performances for specified period. It is recommended to the management team in taking given defensive measures for proper course of action. Therefore, resulted outcome analyzes given positive traits for viewing at the firm achievement for short duration of time as well as given factors under consideration. Increases the Profitability of the Firm Business aims at gaining profitability with the help of eliminating factors arising from excessive expenses as well as bringing improvement in the level of production. B Bakery has the ability in analyzing the given data as well as information in association with current market condition (Baskerville and Wood-Harper 2016). It involves analyze after studying market as well as its nearest competitors setting the strategies of marketing in proper ways. Determination of the Requirements of Systems B Bakery requires implementing proper accounting software for processing with given unique characteristics as discussed below with proper justification: Cost Analysis Accounting software selection should enables specified characteristics for recording of production cost in an efficient way. Addition to that, accounting software has the ability in financial reports production based upon required demand (Azad and Faraj 2013). Accounting software specifies with contrasting between various types of item cost for given time. Recording of Documentation In case of medium-sized business, it gets holds of many accounting transactions for given accounting year. Accounting expert requires dealing with accounting transactions that should be relevant in nature. It relates directly with the financial statements for a given business organization (Anandarajan, Anandarajan and Srinivasan 2012). Addition to that, financial statement need prior adjustment for specified time for evaluating the performance-based business activities This particular accounting software requires recording of financial transactions gaining information on regular basis. The recording process enables bringing adequate financial information as extracted from accounting software at the same time. Basic Financial Structure It is important to consider the fact that accounting elucidate in explaining the financial structuring. This deals with accurate systems taking into account creditors as well as debtors and inventory management system. Payroll accounting system brings out the recording of salary payment as well as other staff benefits. Addition to that, this accounting software has all types of unique features helpful in tracing the cash transactions on regular basis. This particular accounting software aims at regulating the usage of internal network for business as well as implementation of securities for gaining information from generated accounting data. Software Selection Accounting Software Package Vendors There are different types of vendors involving in providing accounting packages. It requires making the section depending upon individual accounting software pancakes from authentic websites. Some of key vendors named as MYOB, DacEasy and SAP accounting software. Selection of various types of Accounting Software In the recent market, various types of accounting software area available that needs to be recognized by medium sized business organization. In this case, B Bakery need to select one accounting software option for bringing change in their accounting systems These accounting software are divided into three broad segments such as low-end software as well as medium-end software and high-end software. Low-end accounting software- Low-end accounting software should be used by small-scale business for accounting purpose as individual professionals regulate it efficiently. This mainly involves doctors and advocates (Marshall, Curry and Kawalek 2015). Low-end accounting software had been developed with the help of usage of accounting system in the most appropriate way. Medium-end accounting software- Medium-end accounting software has been structured based upon double entry system. Basic features of accounting have been covered in this particular accounting software in case of business venture (Ismail and King 2014). Addition to that, medium-end accounting software has the ability in fulfilling the key requirements of business firms and this leads to revenue generation in the upcoming financial year. High-end accounting software- High-end accounting software means highly progressive technology that deals with efficient factors in case of advanced accounting system. This particular accounting system needs further improvement by implementing using of particular software in an effective way (Marshall, Curry and Kawalek 2015). It is recommended to B Bakery in selecting medium-end accounting software for carrying out the business activities in smoother terms. This particular accounting software will meet the purpose in aligning with specified objectives for given period. It is an expensive affair in using high-end accounting software in comparison with medium-end accounting software for incorporating given software (Daoud and Triki 2013). Vendor Selection Comparison between features of accounting software packages Two main software packages prove appropriate especially for small as well as medium-sized business. This involves MYOB and DacEasy (Ismail and King 2014). This above-mentioned accounting software are divided into four major sections namely creditors, stock as well as debtors and pay structure. Preparation of financial reports can be done in several ways. Therefore, software analysis based upon given grounds like ease in utilization of software, scalability as well as documentation and reporting alternatives. Supporting Documentation It is important to understand the fact that preparation of printed and online documents should be utilized with the help of mentioned accounting software. As far as DacEasy software is concerned, it renders finding out correct location in aligning with given index. It requires understanding various alternatives that enables management department in searching help button located on the screen. MYOB is other accounting software whereby button is present on each screen as well as generation of information is much easier as expected (Worrell, Wasko and Johnston 2013). Payment Structure DacEasy is accounting software that helps in setting up direct deposits. Addition to that, this software helps in generating characterized into tax deposits as well as employees for given specified time (Daoud and Triki 2013). This help in proper construction of payment structure for future analysis purpose. As far as MYOB is concerned, payment structure should be managed in way of utilizing alternatives by viewing at the staff status in the most appropriate way. Expenses and Scalability There are various differences noticed from strategy regarding the pricing structure of both the accounting software named as MYOB and DacEasy. These versions revolve around single usage of both the systems by networking of multiple users. Simplicity in using particular accounting software system MYOB structure is considered as simpler as well as convenient in nature. This particular software helps beginners for the financial management for mapping down the given accounting tasks. Addition to that, installation process of MYOB is easy as well as accessible with usage of navigation bar. On the other hand, DacEasy Accounting software operates very easy as well as usage of consumer alternatives with navigating on screen from one section to other. This particular tool bar aims at designing unsuitable actions for consumers. Time Scheduling DacEasy accounting software aims at providing options for timely bill payments. This particular section deals with payroll accounting system with time billing of data (Worrell, Wasko and Johnston 2013). Billing report should be presented on timely manner. In case of MYOB accounting software, billing time deals with bringing references in terms of credit activities Alternatives of Reporting In case of DacEasy Accounting software, it designs ways for report generation as well as creation of various types of reports. On the other hand, MYOB has the ability in producing more than 190 report types. This also can captures as well as present the given data keeping in mind employees as well as vendors and customers in the most appropriate way. Creditors Vendor Selection in case of DacEasy based upon various accounts payable such as vendor management, purchase orders as well as printing cheques and quotes. In case of MYOB, it aims at supporting e-payments as well as purchase orders and tax form assessment for printing purpose. Addition to that, it is requires using of software as well as credit memos for developing purpose by the vendors. Debtors In case of DacEasy, this accounting software gives proper details of customers such as banking as well as sales invoices. Transportation of products fails in anticipation as well as sales invoices by implementing given accounting system. MYOB accounting software helps in managing with accounts receivable. Therefore, it was difficult to estimate shipping costs as well as shipping activities in offering shipping instrument. Addition to that, income calculations as well as customer charges and other charges in association with finance for performing in smoother terms. Selection of most suitable vendor It is recommended to B Bakery for using MYOB accounting software for carrying out its business activities. It helps in producing given financial reports in an effective way and user-friendly at the same time. There is no particular difference noticed in cost from both the packages and quite similar to one other. Accounting structure and installation process considers as simple in comparison with MYOB. MYOB is accounting software that renders two-way facility in transfer and in case of DacEasy. MYOB can be noticed more flexible in nature in comparison with DacEasy. It helps in providing facilities regarding billing time, as it is not included by DacEasy. Addition to that, in using MYOB accounting software, inventory calculation will be done using FIFO and LIFO method (Worrell, Wasko and Johnston 2013). It can also use other method such as standard as well as average costs. Financial statement users should use MYOB accounting software because of its simplicity as well as easy installat ion process in the most appropriate way. B Bakery is a medium sized bakery firm that should use and implement MYOB accounting software. This will help the bakery firm in gaining opportunity to print in associated potential customers at various stages of financial analysis. Conclusion At the end of the study, it is concluded that medium sized B Bakery should use MYOB accounting software. This is because it helps in serving facility to print with financial charges such as purchase order, tax forms as well as invoices in relation with customers. MYOB is one of the accounting software that supports multiples users for various level of security in transmitting of data using internet connection. MYOB is accounting software that is easy to use and low installing charges. Reference List Anandarajan, M., Anandarajan, A. and Srinivasan, C.A. eds., 2012. Business intelligence techniques: a perspective from accounting and finance. Springer Science Business Media. Azad, B. and Faraj, S., 2013. International Journal of Accounting Information Systems. International Journal of Accounting Information Systems, 14, pp.120-126. 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