Essay college life
Term Paper On Fund Accounting Topics
Tuesday, August 25, 2020
Animal research is irrelevant to our understanding of human mental health
Creature research has assumed a significant job in addressing basic inquiries in numerous regions of brain science. The requirement for creature testing to improve human wellbeing research has been made clear by crafted by Charles Darwin on the transformative connection among creatures and people. This exposition will talk about whether creature exploration can improve our comprehension of human psychological well-being, all the more explicitly disposition issue, and will consider both contributes and constraints of the use of creature models to examine human issue. The transformative position hypothesizes that feelings are a widespread element created during a developmental procedure that kept going a large number of years. Examination has indicated that in spite of the fact that people open showcases of feelings may change contingent upon the social and social setting, fundamental feelings, for example, bliss and dread have a natural premise which is basic to the entire human species. This equivalent natural premise is found in non-people creatures, particularly in well evolved creatures, as prove by crafted by Charles (Darwin, 2009 [1872], refered to in Datta, 2010), which featured the likenesses among people and creatures in their demeanors of feelings. Creature research have extraordinarily added to our comprehension of the cerebrum structures engaged with seeing feelings; on this theme, Paul MacLean (1990, refered to in Datta, 2010) proposed a ââ¬Ëtriune mind model' recommending that the mind had developed in a progression of three layers, including multifaceted nature in mind working, including view of feelings. The most old layers in transformative terms, the reptilian cerebrum (that controls the body's imperative capacity because of a particular improvement) and the limbic mind (whose fundamental capacity is to record recollections of encounters related with explicit feelings, and to impact our conduct in light of these recollections), are found individually in reptiles and vertebrates, while the last layer, named ââ¬Ëneocortex' (which underlies the cerebrum's most unpredictable capacities, for example, theoretical idea and language), is a special component of the cerebrum of people and of its nearest family members, gori llas and monkeys. Given the organic liking among people and creatures, it is obvious that creature research assumes a significant job in exploring the natural bases of conduct in human temperament issue. During a test including mice to test the adequacy of ADMs in rewarding sadness and tension, Santarelli et al. (2003, refered to in Datta, 2010) found that stifling neurogenesis made ADMs incapable, revealing the vital job of this procedure in the advancement of state of mind issue. Another analysis directed by Mitra and Sapolsky (2008, refered to in Datta, 2010) on rodents has revealed insight into the relationship among's pressure and uneasiness. Mitra e Sapolsky prompted interminable worry in rodents by infusing them with corticosterone to explore the physiological and social impacts that this condition would deliver. They found that the very structure of their neurons had changed, with more dendrites growing in the amygdala region (whose hyperactivity has been see as a typical quality in state of mind issue); also, rodents who got corticosterone indicated expanded tension during their exhibition in labyrinths. Mitra and Sapolsky reasoned that a transient distressing encounter was adequate to shape the structure of the amygdala, and to cause long haul uneasiness. Datta (2010a) recommends that these impacts are comparative (and along these lines could be applicable) to PTSD side effects in people. Commitment of creature research isn't constrained to organic parts of state of mind issue. Two examinations directed by Meaney and coll. (2001, refered to in Datta, 2010) and by Nestler and coll. (Tsankova et al. 2006, refered to in Datta, 2010) have assisted with explaining the degree to which hereditary qualities impacts the advancement of state of mind issue. Meaney and his group at McGill University examined the job of early educational encounters on the advancement of temperament issue by contrasting the pressure reaction of rodents whose moms prepared and licked them more in their first long periods of life, with that of rodents whose moms were less mindful, finding that sustain can be as significant as nature in characterizing conduct in adulthood. In a subsequent trial directed by similar creators, the little guys of the on edge, less-caring moms were put with the additionally mindful, less-on edge mother, and viceversa: results indicated that, paying little heed to their hereditary penchant to tension and stress, maternal consideration assumed a urgent job in forming the puppies' conduct. Crafted by Nestler and coll. concentrated at this point on another epigenetic factor that influences the advancement of despondency; analysts actuated weakness, a state like sadness, in a gathering of mice, which as an outcome demonstrated socially avoidant conduct and lower levels of BDFN. The two impacts were, in any case, reversible with ADMs treatment. What's more, different scientists directed on rhesus monkeys have connected the job of social chains of importance to the advancement of stress, which can be significant in understanding the weight of present day social orders on people (Datta, 2010b). Just as characterizing which elements are engaged with the advancement of human temperament issue, creature research has significantly added to the improvement of powerful pharmacological medicines (the adequacy and fairness of ADMs on human living being are for sure surveyed with investigates creatures) and conduct treatments dependent on the discoveries of great tests from B. F. Skinner and other compelling therapists, which were completed on creatures. We have thought about how creature research have added to logical comprehension of state of mind issue, however these perceptions ought to be compared with a concise reflection on its cutoff points as far as uses of creature models to people. To start with, while people and creatures share an organic liking, it appears to be dangerous to numerous to aimlessly apply the discoveries got from investigates rodents, pigeons or other lab creatures on human patients; people are for sure very unpredictable creatures, whose conduct is affected by numerous natural, mental and social components. A subsequent breaking point concerns the trouble in getting an immediate record from the creature of his psychological and passionate experience. In spite of these contemplations, creature research is as yet a basic methodological device for current mental examination. A great part of the logical advancement in understanding state of mind issue was gotten from probes creatures that for different reasons (financial, methodological, moral) couldn't have been subbed by elective exploration techniques, for example, human experimentation or PC models. Until specialists will discover elective intends to explore human cerebrum and conduct, it appears that, for the referenced reasons, creature exploration will stay a basic piece of mental examination.
Saturday, August 22, 2020
The primary purpose of NQT Essay Example | Topics and Well Written Essays - 750 words
The basic role of NQT - Essay Example According to govt. guideline in UK the instructors experiencing this enlistment period have a few insurances and have a few relaxations, for example, educational program coordination and are not need to give the remarkable on work conduct. An unwinding of around 10% is accessible for preparing the expert aptitudes. In any case, on the opposite side there are some severe guidelines for the competitors who neglect to experience as they can never have consent to educate again in the state claimed school. I have start my vocation as a cultivator and needs to keep up the grounds, football pitches, threes, and bloom beds in the school, there I got the chance to educated as low maintenance educator. The branch of plan and innovation extended to me an all day employment opportunity after some time. There I have show my dedication and receive this as a profession, in spite of the fact that my past experience is in various fields which can be seen from my resume. This is pertinent on my past encounters and information, I have been got in past worked regions, may have an intrinsic worth that could augment a current encounter or future undertaking. Perhaps, Hillier is additionally advising that we need to return to our related involvements/information to epitomize we have begun our excursion by making the principal significant stride. 'Boosting an encounter' is, thusly, a dynamic and intelligent undertaking that can be utilized to design further turn of events. I have an exhortation structure a youthful educator structure her perception during my NQT year. 'I feel that you are utilizing all your involvement with your current employment and I'm certain that this advantages your understudies gigantically'. This incited a diary passage thinking about related involvements: 'simply the beginning I didn't require, Maybe I'm not beginning from zero all things considered, however it positively feels like it today. I am, be that as it may, must organize my time; every one of those different employments and interests will need to pause. It would be ideal in the event that I recognized what I know, maybe I am amplifying my own understanding and not that of my students, maybe now I have to think progressively about my students encounters and not my own'. (Concentrate from Personal Journal passage; September 30, 2008) Experimental research watching the effect of in acceptance year indicated the tremendous achievement of the approach, and it is accepted that this procedure as speed up the advancement of new instructors and allowing them the chance to pick up the information and serves to got the right stuff all the more immediately then previously. The experience of NQT can be viewed as positive connection among pleasure in acceptance year and whether key components of enlistment period. There is additionally an idea winning that NQTs are troubled in light of the fact that they are not getting qualification, in any case, the purpose behind this idea winning is the absence of appropriate direction and bolster structure guides. It has been grumbled that enlistment guide are not giving sufficient opportunity and assuming their compelling job. In the NQT length the support of the applicant toward the understudies and the tutor is checked and positioned. Up-and-comer needs to comprehend the prerequisite of the understudies to the best of his/her capacities as per the circumstance and need to discover most ideal arrangement in the
Wednesday, July 29, 2020
Word of the Week! Avuncular Richmond Writing
Word of the Week! Avuncular Richmond Writing Dr. Joe Hoyle, a man Id describe with this word, nominated it. Its a strange world, however, where Howard Stern now gets that descriptor. Professor Hoyle wrote to me that hed encountered that usage recently. Stern has grown wiser from his shock jock days, and while retaining his keen sense of humor, he comes across in interviews as more the listener, the wise older man: the sort of fellow youd not mind having as an uncle. And thats our origin for avuncular. The OED gives its origin as the Latin avunculus maternal uncle. Other than an obsolete usage as a term for a pawn broker, our word has maintained its associations with uncles since the earliest recorded usage. Thats modern, compared to many terms that appear here. It dates from the second quarter of the 19th Century. There may be an older usage; find a wise uncle and ask him. And if there is a comparable term for aunts, please let me know that as well. Professor Ted Bunn mentioned to me a 1982 column by the late William Safire, where the author polled erudite readers for a female equivalent of avuncular. Amital won the day, but as Safires colleague noted, it sounds to me like a barbiturate. The results are funny, if you are well read and interested in such things. Please nominate a word or metaphor useful in academic writing by e-mailing me (jessid -at- richmond -dot- edu) or leaving a comment below. See all of our Metaphors of the Month here and Words of the Week here. image courtesy of MidCentArc at Flickr.
Friday, May 22, 2020
Tr137 Narrative Report Example - 745 Words
Mike, I dont even know where to begin, but this is completely unacceptable. My truck TR137 has been down since the end of my shift on Thursday, June 23rd, on my post trip inspection I noted an oil leak and steer axle shock had come unbolted on the bottom, both on the passenger side, both of these items I noted on my VCR. I arrived at the yard on Friday, June 24th at my regular time. On my pre-trip inspection, I noticed that the shock was fixed and that the side of the engine with the leak had been washed, but on the VCR it was only noted that the shock was fixed. I questioned the mechanic on duty, Bill, about the oil leaked, he said they could not find it, but go ahead and run it, well see what happens. Well, I only made it two milesâ⬠¦show more contentâ⬠¦TR124 has an oil leak, the air compressor is covered in oil. The hydraulic connections are leaking on the rear of the truck, so much that there was a puddle under it. See pictures below. Other DOT violations included no current fu el tax permit in permit book (although correct stickers are on the truck), tractor ABS light is on the dash, hydraulic hoses are secured to the truck with bungees, passenger door does not close properly. Another issue that prevented the truck from being ready for operation was the locking bar for the fifth wheel plate, that is needed to run our dump trailers was missing. This brings us to the interior of the cab, and this unto itself is unacceptable! This is the amount of garbage I pulled out of the cab. In case you are wondering, that blue thing is a propane canister, that was just rolling around under the garbage along with an unsecured fire extinguisher and yes a 20lb dumbbell. I do not believe I need to tell you that the companys standing with DOT is not great. Saying this truck is ready for safe operation is completely unacceptable. Furthermore, my life, my safety, and my familys financial well-being, as well as every other driver, depends on proper maintenance of the equipment. The cutting of corners and shoddy work, just to get the job done, does a disservice to every person who operates equipment at this company, those of us who show up and do our jobs properly. I did my job, I did a
Saturday, May 9, 2020
The New Fuss About Term Paper Writing Service Custom
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Wednesday, May 6, 2020
Key Components of a Successful Blog Free Essays
After reading many articles on the web about successful blogging, the main components are fairly universal across the board. The main and possibly most important components would be to blog about something that you have a passion for. Yes, you can fake it for a little while, but eventually you will run out of ideas to write about on that topic, and your readers will lose interest. We will write a custom essay sample on Key Components of a Successful Blog or any similar topic only for you Order Now You must also be able to gain trust and become and authority among your blog following readers. Another crucial aspect is that you must strive to keep your blog different, and interesting. With as many options as there are across the web today, you must be able to capture your readersââ¬â¢ attention. Also, you must consistently post on your blog, allow response to comments, choose an appropriate template, and create a brief biography to give readers more access about who you are and perhaps why you choose to blog. Lastly, you would probably like your blog to be easy found through search engines and the like, so include some keywords in there that will allow for that. The most important components and the backbone of your entire blogging experience are to write about something that you are passionate about. One of the articles I read gave the analogy of someone from Hawaii writing about ice fishing, even though he or she may have never seen ice (3 Key). Readers can sense this, and will probably not still around long if they feel that the blogger is simply feeding them a bunch of garbage solely to get site hits. Also, you must stay committed to the topic that you decide to blog about, improve your knowledge on the topic, and consistently provide updates in order to hold your reader base. A second component that is also viably important is that you establish yourself as an authority figure on the blogging topic you choose. This can be accomplished several ways, one of which is to simply master your knowledge on the topic at hand, which was discussed in the previous chapter. This alone will not necessarily establish you as an authority figure on the topic, although it will help. With a successful blog, you are going to want to target a specific audience, and adjust your writing styles appropriately to garner the maximum amount of interest in your blog. The next two components of your successful blog go almost hand in hand. Naturally, most bloggers are not looking to read thesis papers on the topics in question, but rather something different, and interesting. You can do this through a variety of ways; your blog can be humorous, thought provoking, or informative (5 Key). Long term, this is very necessary to developing a successful, popular blog. Another aspect that must be considered when trying to keep your blog interesting is the amount of times you post on your blog. Itââ¬â¢s a very simple concept; very few readers are going to want to read the same thing over and over again. Bloggers enjoy reading about other peoplesââ¬â¢ lives in an interesting, and captivating way. Consistently posting, and dedicating yourself to create and maintain an interesting and addictive blog is a major key in how successful your blog ultimately is. People in general enjoy interaction as well, which is why you want to provide, and encourage, constant feedback from your readers. According to the article titled 5 Key Components to Consider when Creating a Blog, you must remember that your blog is created as a social community, or at the very least, you want your readers to feel that way. The article elaborates on that topic in saying that without the option to comment on your blogs, you have taken away the ââ¬Å"spiritâ⬠of the blogging experience. You will simply have a website that is just constantly updated, which will not hold the interest of your readers nearly as long as a friendly, interactive blogging community. With that being considered, the ability and easiness to comment will only get you so far with your blog. You must read over the responses to your article and reply in a timely manor. A readerââ¬â¢s comment can also give you more insight as to what content is most appealing to them and the direction that youââ¬â¢re your blog should follow. Additionally, you will want to entice you readers to comment by initiating a ââ¬Å"Call to Actionâ⬠of sorts (Attack). This simply is a way to encourage your reader to perhaps subscribe to you blog, or an open ended question to try and entice your readers to leave more comments. The structure of your blog also plays an important role in the ultimate success you will have. If you are creating a blog to try and improve an existing business, or perhaps help a start up business get moving, you would probably like to keep the page looking rather professional. On the other hand, if you are blogging out of the sheer enjoyment of the activity, you will probably want your page to reflect that. Create a fun, entertaining page that will capture your readersââ¬â¢ attention and reflects the mood of your writing. Blogging, as stated earlier, is a social community. Considering this fact, you will also want to include a brief bibliography about yourself. Perhaps why you started blogging, or any other interest you have besides the one that you are writing about in your blog. Doing this creates a more familiar atmosphere that your reader will want to follow and perhaps even comment on. According to the Enzine article, adding a picture to your bio will be helpful, unless you are currently in the witness protection program, which in that case, an Avator or something else along those lines will due. Even if you master all of the previously stated components of a blog, you create a captivating template, and are willing to put forth the time and effort in constantly updating the blog and reading readersââ¬â¢ comments; it could all be in vain. You will want to include keywords in your blogs that will allow it to be more easily available to search engines and the like because, lets face it, if your blog cannot be easily found, how many people to you honestly believe are going to read it? As you can tell creating a blog can be a relatively easy and enjoyable experience. The components of successful blogs are almost universal regardless of which reference you consider. The main thing you must remember is to choose your topic wisely, and be able to expend a large amount of your time in developing, maintaining, and managing your successful blog. Keep all of these components in mind when creating your blog as they are viable to your success and keeping your readers enticed. Works Cited 1. Jacobson, Rich. ââ¬Å"Attack of the Biller Blog. â⬠Web log post. Http://soundbiteblog. com/tag/top-5-ingredients-of-a-successful-blog/. Web. 2. Park, Gyutae. ââ¬Å"3 Key Components of a Successful Blog. â⬠Web. 3. Philpott, TJ. ââ¬Å"5 Key Components to consider when creating a Blog. â⬠Web. How to cite Key Components of a Successful Blog, Papers
Wednesday, April 29, 2020
Information Technology Changes in Business Strategic IT analysis
Introduction The need to adopt strong strategic initiatives is the natural follow-up to the analysis undertaken on Medical Devices Contract Manufacturing (MDCM), to unearth systemic failures in the companyââ¬â¢s operations. The need for the development of strategic measures to solve the supply chain bottlenecks come from the desire to turn around the financial performance of MDCM.Advertising We will write a custom case study sample on Information Technology Changes in Business: Strategic IT analysis specifically for you for only $16.05 $11/page Learn More The process for doing this requires the identification of relevant IT projects that have the best chance of solving MDCMââ¬â¢s problems, followed by an evaluation of the projects to assess their suitability to the company in terms of the impact they will have as solutions to the problem, and whether the company can implement them within its resources. A sequenced list showing the most optimal proj ect will be the output of the evaluation process after the identification of the relevant projects. IT Projects Appropriate for MDCM The previous report contained a number of strategic and tactical initiatives required to turn around the operations of the company. The basic elements in these measures focused on improvements in the supply chain, improvement in information sharing between departments and consolidation of operations in various sections of the company. The most significant element of the strategies that came out in the analysis was the need to utilize IT systems to smooth out the operations of the company. The specific tasks identified included the use of an information platform to streamline marketing by making it possible to develop and execute a consistent marketing strategy across different subsidiaries operating in different markets. Secondly, the report identified the need to streamline the supply chain to ensure that there was an effective procurement regime to r educe productions costs and to reduce the turnaround time. Thirdly, the report identified the need to increase the innovative edge of the company by increasing the number and the quality of new products. In addition, the company needs to find ways of raising the entry barriers for the fresh and upcoming competition. Another need the report identified was the need to revamp RD activities at the company to bolster its product range and to improve its standing among competitors. A number of specific IT based projects that can help the company to achieve its strategic objectives. The projects include the implementation of an enterprise resource planning system, creation of a company intranet, consolidation of datacenters and networks, standardization of server hardware, improvement of group support systems, creation of a customer self service portal, and the implementation of a new supply chain management software.Advertising Looking for case study on it? Let's see if we can help y ou! Get your first paper with 15% OFF Learn More In order to decide on the most appropriate set of projects to work on, there is need to revisit the basic problems bedeviling the company and their impact on the business. The first problem in the company is the high cost of production in most of its manufacturing plants because of a poor supply chain. There is a very weak order processing system, both for inputs to the companyââ¬â¢s plants and outputs to clients. Secondly, there is need to improve information flow to all employees to ensure that they can make decision quick enough. Currently, information flow is a major impediment to the work of section managers. Thirdly, the company is under increasing threat from new entrants to the market, and smaller operators with better efficiencies in their operations. Most of these problems have brought greater internal costs that hamper the efficient operations of the company. The appropriate set of solutions, based on the compan yââ¬â¢s strategic objectives, should solve as many of these problems as possible. The solution needs to be easy to deploy and maintain in the long term. The perfect solution will also rely on existing technologies, or will require minimum investment in proprietary technologies. Table 1 below shows how the specific projects discussed above measure up against this criterion. Project Name Reducing the cost of production Improving information flow to all employees Ease of deployment and maintenance Total Enterprise resource planning 5 1 3 9 Creation of a company intranet 4 5 3 12 Consolidation of data centers and networks 4 5 4 13 Standardization of server hardware 2 4 2 8 Improvement of group support systems 4 4 3 11 Creations of a customer self service portal 4 1 4 9 Implementation of a supply chain management software 5 4 2 11 Scale: 1-least impact, 5 most impact Table 1: Analysis of the projects based on their impact on the strategic objectives The analysis above shows that the most beneficial projects in an overall sense are creation of a company intranet, consolidation of data centers and networks, improvement of group support systems and the implementation of a supply chain management software. However, the best portfolio of projects will be the ones that create the most value for the company across various criteria. This means that the best way to approach this problem is to identify the best collection of projects that answer the problems of the company in the most effective and complete fashion, and which at the same time ranks well under ease of deployment and maintenance.Advertising We will write a custom case study sample on Information Technology Changes in Business: Strategic IT analysis specifically for you for only $16.05 $11/page Learn More There are two optimum options for reducing the cost of production in the company. The first one is the use of enterprise resource planning while the secon d one is the implementation of supply chain management software. The two options promise to increase the efficiency of the supply chain. They are both capable of improving the business processes at the company by providing a way to approach the bottlenecks in the supply chain. The important issue to determine is the overall benefits that the company will derive if it implements either of the systems. The enterprise resource-planning project will allocate the resources of the firm in the most efficient manner while the supply chain management project, will ensure that there is a smooth flow of supplies leading to reduced production prices. In the matter of improving information flow to the employees, the highest ranked projects are the creation of a company intranet and the consolidation of data centers. An intranet will ensure that there is a proprietary link in the entire company such that managers and decision makers can access information they need from another part of the compan y without undue delay. This can improve the quality of decisions and the speed of implementation of business projects. Consolidation of data centers on the other hand will also centralize information. This will make it possible for managers to access the information they need using the legacy systems in use now. The advantage of this system is that it will use most of the current infrastructure thereby reducing the need for fresh IT investments. In the long term, there would be need to improve the methods of access but as things stand, it is the best solution for making information available. Evaluation of Projects The above analysis notwithstanding, there is further need to analyze the projects using the portfolio application matrix. The matrix features two main criteria. The first criterion is the ability to succeed or the degree of risk inherent in the project while the second one is the value the project brings to the business. Each of the two scales goes from zero to one hundre d. Table 2 below shows that values obtained from analyzing these two criteria against the projects listed for this strategic initiative. Likelihood of success Value to business A Enterprise resource planning 60 69 B Creation of a company intranet 77 64 C Consolidation of data centers and networks 75 59 D Standardization of server hardware 49 45 E Improvement of group support systems 67 73 F Creation of a customer self service portal 69 87 G Implementation of a supply chain management software 53 87 Table 2: Estimated values for the different projects in the product matrixAdvertising Looking for case study on it? Let's see if we can help you! Get your first paper with 15% OFF Learn More The next step after determining the percentage of each of the variables for each project the next task is comparing the values obtained for each of these projects against the portfolio application matrix. Table 3: Portfolio application matrix The matrix assigns the projects to four possible areas as shown in figure three below. Most of the projects lay in the top left section of the graph. The table shows that most of the projects have a high-risk status but they also promise the highest value for the business. There is only one project in the first quadrant that has moderate risk and moderate returns for the company. This is the standardization of the hardware server. The implementation of supply chain management software will yield the highest level of reward from among the projects, with a matrix score of 87%. This, on the other hand, has a success rate of just 53% showing that it is among the riskiest projects proposed. In this sense, the company has to make a decision on wheth er this is the best project to implement based on these characteristics. The companyââ¬â¢s supply chain is the weakest link in the entire business systems. There are delays in delivery of raw materials, and significant delays in the supply of finished products to the clients. These facts support the findings on the matrix. The opportunity available to reduce the risks associated with implementing new supply chain management software is breakdown of the project into smaller parts to reduce the risk of implementing a whole system. The second significant project from the portfolio examined is the development of a customer service portal. The project scored highly on customer service. It can help the company to reduce the losses it takes because of poor customer service. It means that both old and new customers will have a better experience with the company, making it a key element of the projects. The case study revealed the likelihood that the companyââ¬â¢s loss of clients came about because of poor customer service among other factors. It is interesting to note that element did not make it to the final list of projects proposed for further development in the initial analysis. It however came through as one that would be easy to implement hence it can form part of the projects that build momentum for the exercise. However, failure to implement it will not be a significant setback provided the rest of the issues that constitute customer service receive attention. Enterprise resource planning is also an important project given that it has a relatively high reward ratio as per the project matrix. This is a project with some risk to it because of its scope. It can also benefit from risk reduction measures such as breaking it down into phases to reduce the risk elements. If there is a glaring lack of institutional systems at the company, then it is the lack of an enterprise resource planning system. The presence of this system would have reduced the probability of making losses by a large margin. Enterprise resource planning systems help an enterprise to allocate its resources, human, financial, and technical, in the most efficient way. It has a real potential of reducing the problems currently affecting the performance of the company. The issue of standardization of server hardware is an opportunity to develop a robust system and can be the source of competitive advantages in the future. Currently, it is possible to use the existing hardware but it will call for the development of different software solutions for each unique platform that runs the common protocols. Standard hardware should make it easy to implement new protocols in all the servers hence it will give the company an increased opportunity to adapt to changes. Sequence of Executing the Initiatives In the end analysis, the projects that should make it to the final list include the supply chain management software. Since the value of this system reduces the overall new benefit s that the company can derive from instituting an enterprise resource planning system, its implementation should be on priority basis at the expense of the enterprise resource planning system. Secondly, the implementation of group support systems will improve the cooperation between departments, which is also the same effect that creation of a company intranet will yield. Since there are systems that can support this initiative, it makes sense to develop those systems as part of the first efforts aiming to deal with the strategic issues. There is some potential benefit in implementing a customer service portal, but its significance reduces with the implementation of the two systems above. Conclusion The role of management in the planning and investing in IT products is critical. However, there is a significant risk of failure to respond to issue in time leading to the nature of problems discussed in the case study. IT has a special place in supporting the strategic goals of any orga nization. It is imperative to align IT resources with the overall strategy of the company. Furthermore, IT has the capacity to enhance the competitive advantage of a company that invests in systems that increase the efficiency of operations. That said it is important to determine IT priorities with the help of the IT department because of their capacity to weigh the relative weight of the investment decisions, and the potential impact of IT on the operations of the project. This case study on Information Technology Changes in Business: Strategic IT analysis was written and submitted by user Tiana Morris to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here. Information Technology changes in Business Strategic IT analysis Introduction The MCDM (medical device contract manufacturing) Inc was established in 1972. The firm is involved in ââ¬Å"contract manufacturing and packaging services of the medical devices industryâ⬠(Jeffery and Norton 2).Advertising We will write a custom case study sample on Information Technology changes in Business: Strategic IT analysis specifically for you for only $16.05 $11/page Learn More The company has its headquarters in the United States, although it operates other 19 subsidiaries in 35 cities. The company ââ¬Å"specializes in medical device contract and manufacturing and assembly, clean room medical injection molding, and design and fabrication of specialty assembly equipment for medical device manufacturesâ⬠(Jeffery and Norton 2). In the 1980s, the firm was among the largest corporations in the industry owing to its success in manufacturing medical devices and customer satisfaction. The company promised to offer more to its target market in comparison with its competitors. In 1974, MDCM held 42 percent of the U.S market share and by 1985, it had grown to over 54 percent (Jeffery and Norton 3). The companyââ¬â¢s success was boosted by small business acquisitions leading to consolidation and further expansion in the US market. Between 1989 and 1990, MDCM lost its major four out of ten consumers and as a result, the company witnessed a massive decline in profits and revenues. Profit margins began to fall as a result of buyersââ¬â¢ consolidation. The firmââ¬â¢s pricing power was lost as it could no longer compete with other players in the industry on pricing strategy. The companyââ¬â¢s market share and profits continued to decline up to 2000 when the management decided to make modifications to reduce internal costs, increase the flow of information, and increase its efficiency. The adoption of information technology enables an organization to cut down its operational and internal costs. Consequ ently, opportunities are realized in three major ways which are business/organization portfolio, competitiveness, and internal costs. Briefly, competiveness means the extra advantage associated with the development of IT leading to a competitive advantage. Internal costs imply the process of improving effectiveness and efficiency of a company thus cutting down costs. Lastly, business portfolio refers to the adoption of IT and its influence on the decision making process of potential investors.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Strategic objectives of MDCM Based on the case study, the current strategic goals of MDCM are to cut down its operational costs, make information available to different departments in real-time, increase market share, be a market leader of the industry, and reduce internal costs (Jeffery and Norton 1-5). At the moment, the primary strategic objectiv e of MDCM Inc is to cut down the production costs incurred in the process of producing medical merchandise. The case study highlights that reduced costs could be achieved through internal costs as some of the problems noted result from internal environment. For example, the company lacks a proper network system which could be used to connect all the 19 subsidiaries in 35 countries. This has resulted in increased operational costs (Jeffery and Norton 3). The firmââ¬â¢s operating system is outdated and it causes delays in relaying information to the MDCM employees. Lastly, the company lacks a standardized and proper email system that can be used to communicate with its employees. The legacy of the current system increases administration costs such as duty, financial, custom sales, and inspection systems. The other noted strategic objective is to increase its market plan and go global through internationalization and globalization. It is important to note that at one point, the comp any was the largest market shareholder in the medical services industry (Jeffery and Norton 2), but this has since declined. The company once had a market share of 54 percent but due to a decline in its competitive advantage the share decreased (Jeffery and Norton 3). Due to the aforementioned reasons, the company is planning to increase its market share and going global in order to realize market diversification. The company has the strategic objective of becoming a market leader in a market that it once dominated. The company is therefore on a mission to realize the benefits associated with investing in the IT sector in order to add value, increase profits, and expand its market share (Jeffery and Norton 8). Competitive environment in which the firm operates (a competitive forces analysis) MDCM operates in a competitive industry whereby the company is involved in contract manufacturing and packaging services of medical devices (Jeffery and Norton 2). However, in the past four quar ters, the company has been reporting losses. In a competitive market like the medical devices industry, making such losses could be detrimental to a company in the long run. To better determine the competitive environment in which the DCM firm operates, Michael Porterââ¬â¢s 5 competitive forces of market analysis have been adopted. The five forces include presence of potential entrants, presence of perfect substitutes, traditional competitors, suppliers, and bargaining power of buyers/consumers (Porter 12). The forces are presented in the diagram below.Advertising We will write a custom case study sample on Information Technology changes in Business: Strategic IT analysis specifically for you for only $16.05 $11/page Learn More Figure 1: Porterââ¬â¢s 5-Forces Model (Source: Porter 2008) the medical service industry is a multi-million dollar industry with many competitors. Based on the case study, MDCM used to be the largest player in the industry with 42% market share in 1974. By 1985, the companyââ¬â¢s market share had increased to 54% (Jeffery and Norton 3). However, since the 1990s, the company has witnessed a drastic decline in its market share and profitability, thanks in large part to new entrants in the industry. Based on the case study, the company was unable to compete with the prices set by new entrants and rivals. Threat of potential substituteââ¬â¢s products/services: because of the decline in market share and increased cost of producing merchandise, MDCM is prone to potential threat from substitute products and services. The threat has the potential of reducing the companyââ¬â¢s competitive advantage relative to its competitors. Traditional rivals: MDCM operates in a competitive market made up of traditional rivals in the US market. These rivals are a real threat to the survival of the firm. Traditional rivals have the capacity of getting MDCM out of business if the company does not undertake a strateg ic response to counter their moves. It is important therefore for the organization to address this issue. The three threats discussed above have the highest potential of affecting MDCM although the bargaining power of both buyers and suppliers have potential effects as well.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The strategic response(s) MDCM should employ to address the most critical strategic threats identified above The three threats mentioned above (that is, traditional rivalry, threats from near entrants, and threats from potential products and services substitutes) need to be addressed if at all the organization wishes to achieve its organizational objectives. The strategic response for new entrants in the market could be addressed by raising the barriers to entry. For example, MDCM could get copyrights and patents for most of its invention and discoveries, thereby prohibiting new entrants in the market. In addition, the firm needs to invest more on information technology to ensure information flows freely from marketers in the field to the production departments. This would ensure that new entrants are discouraged from entering the market as there are no loopholes to take advantage of. The response to customers and suppliers bargaining power could be addressed by switching the costs for the consumer. Switching costs can be defined as the costs resulting from moving from one particular supplier to another supplier with quality services and at low costs. Through a value added IS the cost that would be used to identify a new supplier would be increased hence retaining the existing consumer and supplier. This would suppress the suppliersââ¬â¢ and consumersââ¬â¢ bargaining power. On the other hand, by reducing the switching costs, the organization would be in a position to attract new suppliers. The newly attracted supplier may have better supplier costs making them cost effective than the former suppliers. As a result, the low costs of suppliers would give the organization a competitive advantage in the market. Reduced costs and an increase in competitive advantage would enable the organization to start gaining strength and market share. To prevent the presence of substitute products and services in the market, the organization should consider investing in re search and development. For example, the adoption of the new IT would ensure that the company produces more competitive products thus gaining competitive advantage over its rivals and competitors. This will ensure that the organization is not threatened by the production of potential product substitutes from competitors. Critical tactical objectives for MDCM MDCM should also consider using tactical responses as they would assist the organization to achieve different strategic goals. At the moment, the major tactical objectives of MDCM are increase the switching costs for the consumer, reduce the switching cost of the consumer, produce innovative products, raise the entry barriers, and invest in IT, and R D. To start with, MDCM needs to work on its value chain and improve the value added chain. By adopting IT, the company will be able to improve on its supply chain management, and hence added value chain. In order for the company to achieve competitive advantage over its competitors , it needs to add value to its chain and this would entail better customer care, improved order procession and enquiry, and increased efficiency of these processes. The switching costs can only be influenced through value addition to the companyââ¬â¢s product by improving consumersââ¬â¢ and supplier links. The adoption of the anticipated IT would also enable the company to benefit from an increase in consumer switching cost and at the same time, reduce the firmsââ¬â¢ supplier switching costs. For instance, the adoption on new IT system would enhance communication greatly. As a result, the company will gain a competitive edge in the market relative to its rivals. Moreover, by enhancing the link between suppliers and consumers, this would enable the company to reduce expenses incurred and at the same time, lower the cost of production. The five forces of Porter could be used to improve the competitive advantage. IT could be used contain the power of new entrants, substitution threat competition, power of supplier, and power of the buyer. The organization can also share data and information with the different subsidiaries and this would enable it to improve the services and products offered to consumers. To start with, this would make it easier to share and respond to inquiries. In addition, the quality of products would also be improved. Furthermore, it would also be easier to share information across different subsidiaries thereby reducing the production cost. By producing innovative products, the firm would gain a competitive advantage. The company can be able to achieve this goal by embracing R D as well as data technology. The innovative products would shield the organization from product substitution threats and decrease the level of rivalry from traditional competitors. By adopting new technology, MDCM will be in a position to identify new suppliers in the market with lower supply costs. The company will also realize a decrease in its expenses su ch as production and internal costs and as a result, the firm could gain a competitive advantage over its rivals in the industry. By switching costs through reduction of the firmsââ¬â¢ expenses, the firm would in effect increase its competitive advantage. The organization can cooperate with its rivals though a shared IT system. This would encourage the company to gain price power over buyers thus reducing the buyers bargaining power and improve the price of selling its products. Through cooperation, the company will be able to enjoy high prices thus maximizing on its profits. The adoption of a value added information technology by MDCM will lead to an increase in consumer switching costs. With high consumer switching costs, consumers will be prohibited from switching from one supplier to another thus cutting down the purchasing power of its suppliers thus gaining a competitive advantage. As seen in the case study, the major strategic objective of MDCM is to cut down its productio n costs to manageable levels. Through the introduction of IT, the firm will be able to reduce its administration costs has the firm will not be required to hire more employees to carry out some of the tasks (Tetteh 984). Therefore, substitution of IT for labour will ensure that that production and labor costs are reduced to manageable levels. In addition, the work will be effectively performed and geared towards the realization of the organization strategic goals. Conclusion In conclusion, MDCM has been experiencing a decline in market share and profit margins, and this calls for the adoption of IT to cut down on its costs and increase production. Some of the major strategic objectives identified in the case include reducing operational costs, becoming a market leader, going global, and reducing its internal costs. An alignment of the corporate strategies with the IT objectives would help in the realization of these strategic objectives. In addition, the adoption of IT could lead to value added value chain, thereby helping the organization gain a competitive advantage. An analysis of Porterââ¬â¢s five forces reveals that MDCM is in a position to determine how to achieve a competitive advantage in the market. Some of the solutions identified include increasing and decreasing the supplier and consumer switching costs. Others include raising entry barriers, cooperating with rivals, producing product innovation, substituting labor for IT, and sharing information across the subsidiaries. Works Cited Jeffery, Mark and Joseph F. Norton. MDCM, Inc. (A): It Strategy Synchronization. Harvard Business, 2006, 1-9. Print. Porter, Michael. The Five Competitive Forces That Shape Strategy. Harvard Businessà Review, 86.1(2008):78-93. Print. Tetteh, Emmanuel. From Business Networks to Virtual Organisation: A Strategicà Approach to Business Environment Transformation in Online Small and Mediumà sized Enterprises. 1999. Web. This case study on Information Technology changes in Business: Strategic IT analysis was written and submitted by user Madelyn Miranda to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
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