...http://mspmentor.net/managed-services/debunking-9-misconceptions-about-outsourcing-it Debunking 9 Misconceptions About Outsourcing IT Oct 8, 2014 Staff up or outsource? This is the question facing many IT organizations both large and small as they try to keep up with rapidly changing businesses and advances in technology. It’s difficult for them to step back from managing day to day operations to evolve the IT infrastructure and it can put undue stress on the entire organization. One of the best solutions they have is to outsource IT to MSPs however many organizations may have some preconceived beliefs about outsourcing and are unsure of the outcome. The toughest aspect of selling services is overcoming a buyer's objections. Today’s buyers are more discerning than ever. Your goal is to have a convincing response to these roadblocks standing between you and the sale. Here are nine common preconceived misconceptions about outsourcing IT that you can expect to encounter. 1. It is more expensive With the adoption of cloud computing, costs now shift from capital expenses to operational expenses. MSPs package their infrastructure, application, and support services into a predictable monthly fee. In fact, the single most important tactical reason for outsourcing IT management is to reduce and control operating costs. Due to specialization and economy of scale, companies that try to do everything in-house may incur 25 to 30% higher direct and indirect costs of internal, dedicated resources in...
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...Acknowledgement All praise goes to Almighty Allah who has given me the opportunity to do this report. It is a great pleasure for me to express my sincere appreciation to the Department of Business Administration, Sylhet International University (SIU) for giving me the opportunity to do this report. I want to mention the contribution of all those who have inspired, influenced and guided me to complete this report successfully. First of all, I would like to express my heartiest gratitude to my venerable supervisor Mr Abu Syeed Muhammed Abdullah lecturer, Department of Business Administration, Sylhet International University for his kind and sincere guidance, constructive criticism and personal supervision all through my work. I am adorned with very realistic experience of all my teachers, Department of Business Administration, SIU, Sylhet who teaches good planning, perseverance and hard work are gateway to development. I am also indebted to the authority of First Security Islami Bank Limited (FSIBL) for giving me the chance for internship. Especially I convey my gratitude to Abu Zaygom Niaz Ahmed Chowdhury, VP & Branch Manager, Sylhet Branch, FSIBL, for empower me to carry out the internship in Sylhet Branch. My earnest gratefulness and respect goes to my Bank supervisor, Mohammad Arifur Rahman, Officer of FSIBL, Sylhet Branch. He assigned responsibilities to me and allowed me enough latitude to do it my own way and learn for my own self. I am grateful to the following...
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...Is Recycling Efficient? Antonio Childress Baker College ECN 202 Sections 00630 Mr. R. Jordan May 19, 2012 Is Recycling Efficient Recycling is the process of converting waste products into reusable materials; it is an ancient practice with many modern applications, recycling differs from reuse, which simply means using a product again. It refers to the recovery and reuse of materials from spent products. In recent years recycling has become a major part of environmental policy, mainly because of the increased costs of solid- and hazardous-waste disposal, the scarcity of natural resources, and the growing concern over polluted land, water, and air. There are two types of recycling operations: internal and external. Internal recycling is the reuse in a manufacturing process of materials that are a waste product of that process. Internal recycling is common in the metals industry. External recycling is the reclaiming of materials from a product that has been worn out or considered obsolete. An example of external recycling is the collection of old newspapers and magazines for the manufacture of newsprint or other paper products. According to the Environmental Protection Agency (EPA), about 30 percent of U.S. solid waste is recycled. About 15 percent is incinerated and about 55 percent goes into landfills. Recycling is appealing because it seems to offer a way to simultaneously reduce the amount of waste disposed in landfills and save natural resources....
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...put in a small amount every month. It allows you to invest in a MF by making smaller periodic investments (monthly or quarterly) in place of a heavy one-time investment i.e. SIP allows you to pay 10 periodic investments of Rs 500 each in place of a one-time investment of Rs 5,000 in an MF. Thus, you can invest in an MF without altering your other financial liabilities. It is imperative to understand the concept of rupee cost averaging and the power of compounding to better appreciate the working of SIPs. What is Systematic Investment Plan or SIP? SIP works on the principle of regular investments. It is like your recurring deposit where you put in a small amount every month. It allows you to invest in a MF by making smaller periodic investments (monthly or quarterly) in place of a heavy one-time investment i.e. SIP allows you to pay 10 periodic investments of Rs 500 each in place of a one-time investment of Rs 5,000 in an MF. Thus, you can invest in an MF without altering your other financial liabilities. It is imperative to understand the concept of rupee cost averaging and the power of compounding to better appreciate the working of SIPs. SIP has brought mutual funds within the reach of an average person as it enables even those with tight budgets to invest Rs 500 or Rs 1,000 on a regular basis in place of making a heavy, one-time investment. While making small investments through SIP may not seem appealing at first, it enables investors to get into the habit of saving...
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...benefits in the form of an established market position, technological expertise, economies of scale, capital assets, and an essential customer base. Said acquisitions are common in high tech, pharmaceutical, and retail sectors. Often these acquisitions come at a premium and demonstrate mixed results based on the evaluation and subsequent actions undertaken by the existing firm....
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...Running Head: CAPITAL PUNISHMENT The Problem of Capital Punishment Charles W Lortz Kaplan University CM220-T The Problem of Capital Punishment The issue of capital punishment is a troublesome topic that encompasses many moral and empirical aspects of human justice. Ultimately, the key issue regarding the death penalty is as follows: is the death penalty as appropriate form of punishment for the United States of America’s judicial system to impose? This key issue incorporates the empirical and moral claims of those both for and against capital punishment in America. The main empirical issues center on whether or not the death penalty is imposed with bias, whether it serves as deterrence for future crimes, and whether it is an economically beneficial option for the country. Moral concerns include the idea of justice being “an eye for an eye,” whether or not capital punishment is “playing God,” and if the death penalty is a cruel and unusual form of punishment. The position we recommend to our legislators is opposition to capital punishment because evidence demonstrates that it is biased, unjust, fails to deter crime, is not cost effective, and cruel and unusual government action. The death penalty in America dates back to the colonial period. Its use was fragmented at best throughout the colonies and eventually the states, with each state having its own laws concerning the use of capital punishment. As long as it has existed in the United States, there has been controversy...
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...decades, although several countries still use death penalty as the most severe kind of punishment, the majority of countries around the world have abolished this type of punishment. Here in the United States if one utters the word capital punishment or death penalty and various aspects related to it, one will see people’s reactions and heated arguments flying think and fast. For some people the death penalty is a morally acceptable punishment for murder, and believes it is morally wrong not to sentence a murder to the death penalty because punishment must fit the crime. Just by putting a murder in jail does not equate to taking someone’s life. Some will think and argue that the death penalty is unconstitutional and cruel Martin O’Malley wrote an article in the Washington Post as to why he opposes the death penalty. He questions if the death penalty is a just punishment for murder and if the death penalty is an effective deterrent for murder. Martin O’Mally also stated that the use of death penalty – while rarely, if ever rarely will save more innocent lives than it takes. The evidence indicates that it does not (O’Malley, Feb). He also argues that the majority of the victim’s family members do not want to see the criminal put to death and it is more cost effective to the government to have a criminal sentence for life than...
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...WHITE P APER Big Data: Trends, Strategies, and S AP Technology Sponsored by: SAP Carl W. Olofson August 2012 Dan Vesset THE DAWN OF THE INTE LLIGENT ECONOMY The intelligent economy has arrived. The convergence of intelligent devices, social networking, pervasive broadband communications, and analytics is redefining relationships among producers, distributors, and consumers of goods and services. The growth in volume, variety, and velocity of data has created new challenges and opportunities. The information access, analysis, and management challenges of the intelligent economy can overwhelm organizations unprepared for the emerging changes. In this environment, it is not only access to data but the ability to analyze and act upon it that creates competitive advantage in commercial transactions, enables sustainable and secure management of communities, and promotes appropriate distribution of social, healthcare, and educational services. It is not only access to data but the ability to analyze and act upon it that creates competitive advantage. www.idc.com P.508.872.8200 F.508.935.4015 In This White Paper This IDC white paper discusses the emerging technologies of the Big Data movement. It breaks out these technologies according to their most effective roles and use cases. It also discusses why Big Data has become so important at this time and how Big Data can help enterprises reach their business goals. It considers the challenges created by Big Data and how they can...
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...Although there is a large amount of similarities between most of the various available accounting positions, there are also many significant differences that are very often overlooked. These overlooked differences play a huge role in the misconception that being an accountant is simply about organizing numerical values. Choosing four positions that branch from accounting at random, one can easily determine what these differences are and bring them to light. For example, Tax Examiners, Bookkeeping Clerks, Budget Analysts, and Cost Estimators. The immediate similarities that one would normally state when any of the above positions are mentioned would be that: 1) These accounting job opportunities are all office-based with very little deviation. 2) The nature of each position’s work is to examine numbers from their specific fields, interpret them, and then present them to a higher council. However, in a more in-depth analysis, there are many other details that describe such positions, and each opportunity is accompanied by its own set of unique responsibilities and specifications. Work Nature of Each Position: (Bureau of Labor Statistics) Tax Examiners: Employed by the government, most tax examiners are hired with at least a bachelor’s degree and a background investigation. At roughly a work schedule of 40 hours a week, they spend most of their time in government buildings or traveling around the state gathering information on tax returns and compiling them to assess liabilities...
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...mutual dependence through business system.For example-you drive a car that is manufactured in Japan. 2. International opportunities: In the 21st century,it has become indispensable for every one especially individuals educated in business to take exiting opportunities that will exit around the world.By studing business they can know how to start,operate,and sustain business successfully in the competitive world. 3.Improving standard of living: Standard of living indicate measure of how well a person or family is doing in terms of satisfying needs and wants with goods and service.This is possible through their knowledge of business.so we must study business to develop our standard of living. 4.preventing misconceptions: Understanding business also prevents us accepting misconceptions,misinformation,and inaccurate data as truths. 5.Creating employment: Business creates more and more employment opportunities in various industries and trades for skilled as well as unskilled wrokers. 6.Coping with change: As like as the world itself,business is also dynamic-always changing,coping with both predictable and unpredictable events we must have to study...
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...an investor or fund manager analyses and attempts to quantify the potential for losses in an investment and then takes the appropriate action given their investment objectives and risk tolerance. * Inadequate risk management can result in severe consequences for companies as well as individuals. * Simply put, risk management is a two-step process - determining what risks exist in an investment and then handling those risks in a way best-suited to your investment objectives. Description When an entity makes an investment decision, it exposes itself to a number of financial risks. The quantum of such risks depends on the type of financial instrument. These financial risks might be in the form of high inflation, volatility in capital markets, recession, bankruptcy, etc. So, in order to minimize and control the exposure of investment to such risks, fund managers and investors practice risk management. Not giving due importance to risk management while making investment decisions might wreak havoc on investment in times of financial turmoil in an economy. Different levels of risk come attached with different categories of asset classes. For example, a fixed deposit is considered a less risky investment. On the other hand, investment in equity is considered a risky venture. While practicing risk management, equity investors and fund managers tend to diversify their portfolio so as to minimize the exposure to risk. When to Use Financial Risk Management Finance...
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...laws and regulations that affect employees, the attitudes in society at work, the supply and demand for the manpower outside the company and the economic conditions. Human resource management faces problems with staffing and staffing turnover. Human Resource Management has to organize different things within side the company such as goals, tasks, organization structure, what kind of people to employee, the demand and the supply of managers within the company, the reward system, and various kinds of policies are the internal factors which may affect staffing. Company use the highest technology in industries requires extensive and intensive education and training. The high employee turnover equals high costs. When employees leave the company it causes loss of capital, also the costs of recruiting, hiring and training that person. To avoid this big turnover in a company action should be taken by human resource managers and health care organizations to reduce turnover. This can be done if the company uses the following steps. * The company should hire only applicants that have the right fit for the job. To do this, the human...
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...TREASURY F DI in Russia Issues and Perspectives Vinay Kumar The wave of Foreign Direct Investment in Russia started during 1990s, when the Law on Joint Ventures with firms from capitalist countries was passed. Initially, there was not much foreign investment. Later, in the year 2003, Russia attracted huge FDI and was placed third in FDI projects in the world, beating both China and the US. This article primarily focuses on FDI in Russia and also discusses some relevant issues. F oreign Direct Investment is seen growing faster than world GDP and is becoming a key factor of foreign investment. There has been a oneway flow of FDI between the developed and developing economies, and a two-way flow of FDI between the developed economies. Russian Finance Minister Alexei Kudrin’s handling of the country’s oil windfall was the mere indication for those who thought that Russia was able to pursue sensible fiscal. He has managed the petroroubles prudently and the contribution he has made to Russia’s economic stability is impressive. Industrial countries like the US, the UK, Japan, Italy, Russia, and Germany have long dominated the FDI flows and totaled to 94% of outflows and over 70% of inflows in 2001. During the period of 1990-2000, the inflows in developing countries grew by an average of 23% per year. Later in 2001, these inflows declined to 13% (US$215 bn) affecting inflows into Brazil, Argentina, and Hong Kong Special Administrative Region (SAR). Putting these three economies...
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...Not only is it bringing in jobs and money but it’s also making the U.S become a more energy independent country. By becoming more energy independent we can cut oil imports from other countries and start making our own oil and cutting down the cost to import the oil. There are many misconceptions about the Dakota Access pipeline construction, one being that the pipeline will poison the drinking water for North Dakota, Iowa, Illinois, and South Dakota which is not true, the pipeline has passed federal and U.S Corps of Engineers evaluation and has been said that’s it’s one of safest pipelines to be built yet. With that being said, there is a little chance of the pipeline leaking out oil into the rivers or land where it will run through, being that the ETP said they will monitor the pipeline 24/7 even though it poses no...
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...Capital punishment is the death penalty. It has been used throughout history to punish a variety of offenses committed. Whether or not there should be a death penalty is one of the most debated issues in the Criminal Justice system. It is polled that approximately 62% of Americans support the death penalty. Behind that percentage is poorly based reasons like revenge or misrepresented facts, such as cost and a sense of justice. The United States had a 2012 murder rate of 4.8 victims per 100,000-meaning that nearly 15,000 people were victims of homicide that year. (Benoit) These criminals, it appears, are not fearing capital punishment as a consequence of their crimes as much as people hope they would. The death penalty should be abolished because criminals are not deterred from committing crimes, millions of dollars are wasted, and innocent people may be executed. Attorney General Janet Reno stated, “I have inquired for most of my adult life about studies that might show that the death penalty is a deterrent, and I have not seen any research that would substantiate that point.” (J Donahue and J Wolfers) While many would like to believe that the death penalty would be more of a deterrent than a long prison sentence, criminals rarely consider the consequences of their actions. A crime of passion is exactly that, where they would not think about what would happen if they went through with a crime. These criminals, who commit these heinous crimes that would lead to the...
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