Critical Success Factors Risk Management - 1439 Words

The success of any business or project is mostly determined by its Critical Success Factors. The business dictionary defines Critical Success Factors as a range between 3 to 8 items of characteristics, conditions, or variables that have direct and serious impact on the effectiveness, efficiency, and viability of an organization or project (critical success factors, Businessdictionary.com). Critical Success Factors are distinctive to every project and therefore can be different, it is not a one size fit all. Hillson and Simon wrote in chapter 2 of their book Practical Project Risk Management that â€Å"risk management is too important to be left to chance†. They write that for it to work, it should be applied consistently and best achieved using a structured that requires a supportive organization, competent people, appropriate supporting infrastructure and a simple scalable and documented process. More importantly, critical success factors are done for two reasons. One, without them, the company stands the risk of not delivering the benefits to the organization. Two, they increase the chances of risk management being effective and successful and ultimately delivering the full benefits to the organization. (Hillson and Simon, pg. 9) Simply put, not applying these factors to a business or project would endanger it from the start. Some of the major issues with Flayton Electronics stem from their not being PCI compliant which is one of the first lines of defense against dataShow MoreRelatedFactors That Influence Risk Levels On The Hospitality Industry1207 Words   |  5 Pagesanalyse factors that influence risk levels in the hospitality industry. Further to this, recommendations on risk handling will be put forward to lessen these risks. ISO30100 defines risk as the effect of uncertainty on objectives, ISO30100 goes further to say the risk can be positive, negative or a deviation from the expected. There are four key drivers of risk as outlined in the ISO30100 standard; these include financial, infrastructure, marketplace and reputational risks (Institute of Risk ManagementRead MoreThe For Any Corporate Risk Management Program Essay1244 Words   |  5 PagesFor any corporate risk management program, there are a number of factors whose absence signals an increased likelihood of failure for the risk management program and whose presence greatly increases the chance for success of the program (Hillson and Simon, 2012). These factors, called Critical Success Factors (CSF), include the following: †¢ An organization supportive of the process; †¢ A skilled and competent staff; †¢ The presence of the necessary support infrastructure; and †¢ A simple, scalable,Read MoreHardware and Project Considerations When Implementing a New CRM System1638 Words   |  7 PagesHardware and Project Considerations When Implementing A New CRM System The most effective Customer Relationship Management (CRM) systems are deliberately designed to align and enhance the strategic initiatives and programs of a given business or enterprise. They must take into account customer preferences, needs and wants as well, and strive to create a foundation of shared information and insight over time There are a myriad of studies that show how effective CRM systems are in transforming businessesRead MoreCritical Success Factors for Small Business Enterprises in Saudi Arabia854 Words   |  4 Pagesto study which the critical success factors that are necessary for achieving success for a small business in Kingdom of Saudi Arabia. Small Business Enterprise or Small-Medium Enterprise (SME), in todays business environment, faces a lot of daily major challenges. Balancing the SME’s effort to address these challenges can be an intimidating task, unless a systematic approach is identified and followed. Recently, SMEs started moving towards the utilization of business success which enables SMEsRead MoreHow The Critical Success Factors1308 Words   |  6 PagesAnalyze how the Critical Success Factors (CSFs) apply to the facts of the case study. Provide examples to support your analysis For any corporate risk management program, there are a number of aspects whose absence indicates an increased possibility of failure for the risk management program and whose existence significantly increases the chance for success of the program (Hillson and Simon, 2012). These factors, called Critical Success Factors (CSF), are comprised of the following: †¢ An organizationRead MoreBusiness Strategy And Project Management1653 Words   |  7 Pages1. Srivannaboon.S, Milosevic.Z.D (2005). A two-way influence between business strategy and project management. According to the authors Srivannaboon.S, and Milosevic.Z.D (2005), the alignment of project management with the corporate strategy is critical to achieve the company’s short term and long term goals. The main objective of project management is to guide the company towards its goals within the set time frame and cost. In today’s globalization, business leaders are facing many challenges fromRead MoreAnalysis Of Palmers Concrete Limited Liability Company1205 Words   |  5 Pagescontemporary management technique as a defensive strategy than reactive. Several contemporary management techniques are analytical to this project, Benchmarking, Enterprise Risk Management (ERM), and Business Process Improvement (BPI). Contemporary Management Technique: Rationale Benchmarking. At first observation, benchmarking seemly, looks clear, and identifiable rationale for a Contemporary Management Technique (CMT) that could aid the organization/segment in achieving its Critical Success Factor (CSF)Read MoreCommon Examples Of Hr Risks For A Firm ( Fig 2 )1001 Words   |  5 Pagesresources, IR and risk controls in South Africa. In his article he identify some common examples of HR risks for a firm (fig 2). To mitigate human resource risk Meyer’s method is to focus on development in Human Resources, this includes training, development and recruitment processes. Meyer’s solution all fall in the administration controls under the hierarch of controls framework. This is not dissimilar to other HR literature, which focus on employee management as the key control for risk. But like anyRead MoreThe Critical Success Factor Of British Petroleum1562 Words   |  7 PagesThe image as well as the operational business reputation of a corporation is c ritical to the survivability of the corporation in today’s business world. Today we will put our focus on one of UK’s largest multinational oils company’s. In the case with British Petroleum (BP) as it actively explores oil in 26 countries around the world, due to BP’s lack of focus on the safety issues presented in the 2004 Telos Group report coupled with the oversight and control to correct safety hazards, the TexasRead MoreAssessment On Coffeeville Simulated Business Essay841 Words   |  4 Pagessimulated business 1. Review I have been appointed as Manager of new Lakes Entrance store located in Collins Street. I have been told to present a review report about the store operations and let the CEO stakeholders and management know about operations need to be performed so risks can be eliminated before it becomes the source of any kind of damage to the company. After having insight into the store’s operations I noticed some of the errors and operations needs to be performed which are written below:-

Macy’s Inc Free Essays

There is not an iota of doubt that Macy’s Inc. is still the leading retail store in the United States.   Nevertheless, this business and marketing achievement of the firm is on for a tough competition given the evolving realities in the retail industry. We will write a custom essay sample on Macy’s Inc or any similar topic only for you Order Now Basing alone from the financial report of the company as of February 2008, the big store’s net income was down by 10.2% or $893 million compared with the previous fiscal year (Mammarella, 2008). The company has to shape up to parry the business strategies thrown before its doors by rivals in the business. One of the business strategies that the firm has an option to embrace is the lucrative and attractive opportunity given by expanding internationally. Since this business maneuver has been applied by the company several years ago, it can exploit this well-proven strategic move by furthering its presence in the international retail arena. Given that Macy’s Inc. has already set up stores in different countries, adding additional stores in several well-placed territory around the globe can boost its sales and opportunity to increase its financial portfolio. The countries where Macy’s Inc. can apply this strategy are the countries of China and Russia. These two countries basically hold a huge number of population which promises bigger consumer market for the big store. In China alone, there are already several cities that are economically growing at an exponential rate. The company can grab this opportunity by setting up stores in these cities considering that in the dynamics of a healthy economic state the purchasing power and surplus cash of the population is certainly high. As a second alternative for the company, it can pursue a joint venture with rival competitor in the market to consolidate its strength in the industry, both at its home base in United States and internationally. The advantage of negotiating for a partnership with another player in the retail market is the promise of higher percentage of cornering the large portion of the sales in the market. In regards to the company’s dominance at its home base, United States, one business strategies that is being employed right now, through the leadership of the firm’s Chief Marketing Officer Peter Sachse, is to give more focus and attention on the local market (Zmuda, 2008). Since the company is already a Goliath in the industry, it has somehow alienated most of its consumer based. As a reaction to this observation, Macy’s Inc. makes the strategic business move of re-connecting with the local consumers. This deft business maneuver from the perspective of marketing strategy, will guide the company in making a program that ensures advertising campaigns closely reflect the local tastes and needs. A good example of this initiative to focus on local consumers is the marketing and selling of coats. Macy’s can create a sale more of this kind of product in Minneapolis than, say, in Miami. If the high school prom is approaching, the company in turn can run an ad tailored according to this situation. If the local cheerleading squad for example wins the championship, the firm can place ads on TV, newspapers, magazines, and Internet congratulating them (Znuda, 2008). In the end, the big store can reinforced its brand name in the local community. Another alternative for the company is to slow down on its program of building new stores (Ryan, 2008). This business move will enable the company to speed-up â€Å"same-store sales growth.† At the same time, this will reduce the operational expenses of the company since the strategy will free up 2,550 positions. Moreover, this strategy will give a savings of several million dollars from unnecessary expenses. The alternatives business strategies therefore that are open for Macy’s Inc. are to exploit the opportunity of expanding globally, merging with a rival competitor, a more focus on the local market to reinforce its brand name at its home base and the strategy to slow down on setting up stores in order to free it from unnecessary expenses and at the same time give existing stores the opportunity to boost their sales. Bibliography Mammarella, J. (2008). Macy’s to Slow Store Growth, Boost Interaction. Home Textiles Today.   Vol. 29 (8), p20-20 Ryan, F. (2008). Macy’s P.R. not affected by cutbacks. Caribbean Business. Vol. 36 (6), 10-10, Zmuda, N. (2008). Now a Goliath, Macy’s seeks localized focus. Advertising Age. Vol. 79 (12), 3-29          How to cite Macy’s Inc, Essay examples

The Rime Of The Ancient Mariner Changes Between The 1798 Text And The

The Rime Of The Ancient Mariner: Changes Between The 1798 Text And The 1817 Text The Rime of the Ancient Mariner: Changes and there effect In the 1798 and the 1817 text of the, The Rime of the Ancient Mariner, There are certain changes. Changes that effect the poem and the way that the reader sees the poem. Some of these changes include reading devices called glosses. There are many reasons for the glosses to be put into the poem. One of the reasons is to help the reader interpret lines in the poem that can be confusing. These glosses are a brief interpretation of the stanza, so that the reader will understand it the way that Coleridge intended them to. An example of this is: I woke, and we were sailing on As in a gentle weather ?Twas night, calm night, the moon was high: The dead man stand together The gloss reads as follows The supernatural motion is retarded The mariner awakes, and his penance Begins anew (1817; 61) The reader might not understand how to interpret the stanza; they could interpret however they wanted to. Coleridge placed the glosses in so that the reader would understand the Mariner woke up and realized that he had done his penance. These glosses are also there to make the text look more scholarly. It makes the text look a lot neater also. Another change that was made between the 1798 and the 1817 was the spelling. In the 1798 version of the poem the spelling is very old fashion. It makes the reader feel as if the poem was extremely old. In the 1817 text the spelling in the text is much more modern. It seems as if Coleridge was updating the poem to keep up with the times. I believe he wanted to keep people interested in the story so he updated the language to make it easer for people to under stand. Here is an example: The 1798 version: With throat unslack'd, with black lips bak'd Agape they hear'd me call:(1798,38) The 1817 version is written like: With throat unslacked, with black lips baked Agape they heard me call:(1817,39) The spelling in the 1798 text is obviously more of the old fashion way of spelling and grammar. The 1817 text, which was written 19 years later, is of a more modern grammar and spelling. In the 1798 text, the margins are indented every other line. I believe that Coleridge did this to keep the poem flowing. It looks different to somebody who is reading it. It looks more scholarly and old fashion. It almost seems, when a person is reading it, that the poem is being read to a rhythm. In the 1817 text the entire poem is moved over to the left margin. There are no indentations like in the 1798 text. I think that Coleridge possible changed the format of the poem, again, to a more modern format. The new format in the text makes the poem look more neat, and uniform. The 1798 version of the poem is longer than the 1817 version. I think that Coleridge changed the poem in certain places because he possible didn't feel satisfied with the way that he had written it the first time. He might have thought of different ways to tell the story and so he revised it so that the readers can see the story in a different light. The stanzas that he took out did not affect the story in such a way that it changed it, but it did change the story so slightly, that the reader has a different feel for it. I think that all these changes affect the way that the reader sees the story. It keeps it more interesting for the reader. It also may attract a younger group of readers who understand the text better with all the changes. A younger group of readers may not understand the old version, especially with no glosses, so the newer version helps them to interpret the poem easer. Bibliography Work cited page 1) Coleridge, Samuel Taylor, the Rime of the Ancient Mariner; Complete, Authoritative Text of the 1798 and 1817 Versions with Biographical and historical Contexts, critical History, and essays from contemporary critical perspectives. Ed. Paul H fry, Boston; Bedford/St Martin's; 1999

Marketing Research Report Writing Tips

Marketing Research Report Writing Tips Marketing Research Report Writing Tips In every career, report writing tips are taught. These teachings or lectures are given in the colleges. The students are given time to learn about the reports, ask questions and after they have passed they now get employed. Here they learn more tips and they even learn how to apply those that they learnt in the colleges. Marketing research report writing tips are mainly important tips that all the students should learn. This is because they need to know how to help the people who have business and they have not learnt about writing the reports. They also need to show those people how to market their products. The students therefore while in school are taught a number of tips about the writing the marketing research reports. Some of them are as follows. The students should be able to capture the reader’s attention by writing a headline that is powerful in the report. A powerful headline will give many people interest to look at the report. Another thing the students should give a good introduction. This way he will be able to communicate whatever he wants to say. Another thing is that the research should be organized. The readers will be able to read the organized work and they will not be able to let their minds wander because the work is organized therefore they are able to follow up the research. The research also should not have mistakes. Therefore when one is writing the research before he presets it he should go through the work so as to remove the mistakes. This is because if the employer finds a mistake in the research he may not be interested in reading the research therefore if you had aimed to help the company then that will not happen. You should not make your report complex. Keep it simple so that you do not make the reader to start wondering what some of the things mean. Let them get the meaning straight forward. Avoid so much repetition of words. Repeating of words will bore the reader therefore the students as well as employees should avoid this. Ensure that the report you write is believable. Do not give the reader a benefit of doubt. When the reader is reading he wants to see how sure you are in the report that you wrote. Therefore ensure that it is believable. In order to keep the attention of the reader as he goes through the report, personalize the report and use the word â€Å"you.† This will keep the reader listening to you as well as keep the reader reading the report. This way especially the employee will have given at list the best report and if he has done a good job then there will likely be a promotion for him. If you need writing assistance you can get Marketing research report help from professional academic writers who are hired by .

Definition and Examples of Inflectional Morpheme

Definition and Examples of Inflectional Morpheme In English morphology, an inflectional morpheme is  a suffix thats added to a word  (a noun, verb, adjective or an adverb) to assign a particular grammatical property to that word, such as its  tense, number, possession, or comparison. Inflectional morphemes in English include the  bound morphemes  -s (or -es); s (or s); -ed; -en; -er; -est; and -ing. These suffixes may even do double- or triple-duty. For example, - s can note possession (in conjunction with an apostrophe in the proper place), can make count nouns plural, or can put a verb in the third-person singular tense. The suffix -ed can make past participles or past-tense verbs.   Kristin Denham and Anne Lobeck, authors of Linguistics for Everyone, explain  why theres overlap:  This lack of distinction in form dates back to the  Middle English  period (1100–1500 CE),  when the more complex inflectional affixes found in  Old English  were slowly dropping out of the language.(Wadsworth, 2010) Contrast With Derivational Morphemes Unlike derivational morphemes, inflectional morphemes  do not change the essential meaning or the  grammatical category of a word. Adjectives stay adjectives, nouns remain nouns, and verbs stay verbs. For example, if you add an -s to the noun carrot to show plurality, carrot remains a noun. If you add -ed to the verb walk to show past tense, walked is still a verb. George Yule explains it this way: The difference between  derivational  and inflectional morphemes is worth emphasizing. An inflectional morpheme never changes the  grammatical category  of a word. For example, both  old  and  older  are adjectives. The  -er  inflection here (from  Old English  -ra) simply creates a different version of the adjective. However, a derivational morpheme can change the grammatical category of a word. The verb  teach  becomes the noun  teacher  if we add the derivational morpheme  -er  (from Old English  -ere). So, the suffix  -er  in  modern English  can be an inflectional morpheme as part of an adjective and also a distinct derivational morpheme as part of a noun. Just because they look the same (-er) doesnt mean they do the same kind of work.  (The Study of Language, 3rd ed. Cambridge University Press, 2006) Placement Order When building words with multiple suffixes, there are rules in English that govern which order they go in.  In this example, the suffix is making a word into a comparative: Whenever there  is  a derivational suffix and an inflectional suffix attached to the same word, they always appear in that order. First the derivational (-er) is attached to  teach, then the inflectional (-s) is added to produce  teachers. (George Yule, The Study of Language, 3rd ed. Cambridge University Press, 2006) Linguistics for Everyone lists additional examples to drive home the point about placement order of the affixes: For example, the words  antidisestablishmentarianism  and  uncompartmentalize  each contain a number of derivational affixes, and any inflectional affixes must occur at the end:  antidisestablishmentarianisms  and  uncompartmentalized. (Kristin Denham and Anne Lobeck. Wadsworth, 2010) The study of this process of forming words is called  inflectional morphology.

Worlds Leaders Press the United States on Fiscal Crisis Article

Worlds Leaders Press the United States on Fiscal Crisis - Article Example The paper "World’s Leaders Press the United States on Fiscal Crisis" investigates World’s Leaders Press the United States on Fiscal Crisis. The country’s key economic partners, for example, China, are worried about the economic situation in the United States. If the United States would not revise its debt ceiling, the global economy would slow down in terms of growth. This is because the United States is a key consumer of goods produced across the world. It is as well a key supplier of goods. Failure by U.S to review its national debt ceiling would mean that the level of consumption within the economy would go down. In turn, this would adversely affect the economy in terms of the economic growth. Failing to raise the national debt ceiling would lead to the country defaulting on its financial responsibilities i.e. financing the recurrent expenditure. Defaulting would adversely affect the country’s credit rating. This is because of the fact that the risk ass ociated with the government bonds would go up. Therefore, it would be costly for the economy to borrow in the future. There is a direct relationship between risk and the rate of interest. In other words, when the level of risk goes up, so does the rate of interest. This means that it would be costly for the U.S government to borrow in the future, if it will not review the debt ceiling. The country’s is one of the leading across the world in terms of the credit rating. This means that other countries are always willing to lend to U.S.... By raising the debt ceiling the country would be able to meet its short-terms financial obligations i.e. payment of wages to its employees. The country may get back to another financial crisis, if it would not review its current debt ceiling. Critique/ analysis It is important for the United States government to review its national debt ceiling. This is not only important in terms of meeting its financial obligations, but also because of the fact that the level of consumption and government expenditure would go up. According to the Keynesian economists, there is a positive relationship between consumption within an economy and economic growth. Therefore, increasing the limit relating to the level of the national debt would substantially contribute towards the growth of the economy. Both consumption and the government expenditure would go up. Through the multiplying effect an increase in government expenditure or consumption, would result in more than proportionate growth in the level of the gross domestic product. On the other hand, if the government would not review its debt ceiling, consumption and government expenditure would go down, and through a multiplying effect, the GDP would go down by more than proportionate. The article focuses on the short-term solution of the national debt crisis. However, it does not focus on the long-term solutions to the crisis. Although it is important for the government to revise the ceiling, this would only be in the short-run. A long-term solution to the U.S. problem would be important to the country because it would prevent the problem from recurring. One of the long-term solutions would be cutting the budget deficit gradually. In other

Consumer Health Informatics and Privacy Research Paper - 1

Consumer Health Informatics and Privacy - Research Paper Example er increasing demands at the healthcare delivery systems, expectations of the beneficiaries), in order to improve efficiency of clinicians and enhance quality of life of the populace on the planet. It is worth mentioning that there are numerous applications of Information Technology in healthcare and each of them is aimed at empowering all or at least one of the following stakeholders: healthcare delivery systems, clinicians and the patients alike. This research throws light two key issues those have been posing challenges for Consumer Health Informatics – one of the applications of information technology in healthcare. The research also lists the steps taken to address the challenges being faced by consumer health informatics. Consumer health informatics has been defined as (Eysenbach, 2000) â€Å"the branch of medical informatics that analyses consumers needs for information; studies and implements methods of making information accessible to consumers; and models and integrates consumers preferences into medical information systems.† The domain of consumer health informatics is majorly centered around the general information and advice from clinicians and other paramedical personnel, and this advice pertains to subjects like nutirition, general wellness, disease management, smoking etc. Users of consumer health informatics are not only those who are suffering from various ailments but even those who have been treated and are willing to share their experiences through bulletin boards, discussion forums and modalities of instant messaging, this kind of information sharing forms a two way communication model as this could take place when the users exchange information with the healthcare service prov iders and other users (Kieschnick, Adler, & Jimison, 1996). Social networking tools and modalities are helping the users of consumer health informatics to share information. IT researchers and practitioners have claimed that on one side IT applications