...Business Research Design The design is the backbone of almost any endeavor. It provides direction and systematizes the research. Different types of research designs have different advantages and disadvantages. The method chosen will affect the results as well as how any findings are to be concluded. There are two main approaches to a research problem; quantitative research and qualitative research. Which one a business owner chooses to use is dependent on the aims of the research as well as the nature of the problem. Quantitative Research is defined as the precise count of some behavior, knowledge, opinion, or attitude. Qualitative Research is defined as interpretive techniques that seek to describe, decode, translate, and otherwise come to terms with the meaning not the frequency of certain phenomena (Cooper & Schindler, 2011). Quantitative research tells a manager what happens and how often, it focuses on describing, explaining and predicting. It also studies a large sample size and provides objective and precise information. Qualitative research, on the other hand, studies a small sample size, builds but rarely tests theory, and it is more subjective; it tells a manager how things happen and why. "Qualitative research aims to achieve an in-depth understanding of a situation" (Cooper & Schindler, 2011, Chapter 7). Maybe the business pressure to find quick resolutions to problems forced managers to rely on quantitative research more than qualitative. However; an increasing...
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...BUSI610: Organization Design and Business Ethics Mitzi N. Harvey Liberty University Abstract This literature review examines the concepts of business ethics and how it is related to the organizational design of a corporation. The first section of this review defines the concepts of business ethics and organizational design to establish their meaning and use throughout this paper. The second aspect of understanding the relationship between business ethics and organizational design comes from understanding how and/or why ethics is important to organizational design. This will illustrate any underlying influences ethics has on business structure and design. The third section of this paper reviews and groups the literature found linking ethics and organizational design. Literature is grouped together based on the similarities found in authors’ opinions, research and/or results. The next section discusses the ideas of micro and macro ethics; first defining them, illustrating the differences and then explaining how they come into play when examining the link between ethics and design. The following sections of the review, provides examples of formal organizational structures, ethical programs, and the ethical decisions that impacted them. Finally, in the conclusion of the review it summarizes the relationship between business ethics and organizational design, how this relationship impacts business, and what this means for business managers. Introduction To sustain...
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...Business Development Tips 1. Identify the appropriate market and target the appropriate segments within the market -- Deep pockets; ability to leverage core product from one segment to another without major design/development changes. 2. Make sure there exists a market problem/pain that currently demands a solution. Is the problem large enough to justify the price of your solution? Is someone with P/L responsibility willing to pay for the solution? Test: Are you able to clearly delineate a value proposition that gets a customer’s attention? 3. Solve the customers problem, don’t just build cool technology. Value is always in the application of the technology, not technology per se 4. Have a clear understanding of your value chain. Know who are your partners, competitors, and customers – it isn't always obvious 5. Understand where you are in the market cycle, from a timing perspective: new technology, competitors entering, segmentation, consolidation, solutions offering, commoditized, etc. 6. Don’t fight the market and where it is in its life cycle – you will lose 7. Price based on value of solution, not to undercut competitors. Compete first on functionality, not price. If you truly are the only one solving the customer’s problem, you should be able to price your offering based on value of your product/solution to the customer You compete on price only after the product/solution has become a commodity – end of the life cycle 8. Techies should never...
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...BUSI610: Organization Design and Business Ethics Mitzi N. Harvey Liberty University Abstract This literature review examines the concepts of business ethics and how it is related to the organizational design of a corporation. The first section of this review defines the concepts of business ethics and organizational design to establish their meaning and use throughout this paper. The second aspect of understanding the relationship between business ethics and organizational design comes from understanding how and/or why ethics is important to organizational design. This will illustrate any underlying influences ethics has on business structure and design. The third section of this paper reviews and groups the literature found linking ethics and organizational design. Literature is grouped together based on the similarities found in authors’ opinions, research and/or results. The next section discusses the ideas of micro and macro ethics; first defining them, illustrating the differences and then explaining how they come into play when examining the link between ethics and design. The following sections of the review, provides examples of formal organizational structures, ethical programs, and the ethical decisions that impacted them. Finally, in the conclusion of the review it summarizes the relationship between business ethics and organizational design, how this relationship impacts business, and what this means for business managers. Introduction To sustain...
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...Network Design for A local Business Name: Course: Instructor: Institution: Date of Submission: Network Design for A local Business The world is moving towards technology, therefore, each and every business whether local or international need to have a well equipped and reliable network. Network design simply ensures that a new technological service satisfy the various needs of the operators and also the subscribers. A network design involves connections of different devices with some end systems, for example, computers or mobile phones and servers that can link to each other well (Juan, 2004). However for our case various locations or departments in our local business need to relate or communicate to each other to provide smooth flow of information. When designing a network for a company we require equipment such as the physical components. These components are the hard drive devices, and they form a computer network through interconnection. Therefore, we shall vary the number and size of these physical components to the size of the network that the business requires. However, our local business has little number of employees of approximately 50 people. In computer network design there are mainly four major physical components. These components have been placed in categories that include but not limited to personal computers (PCs), routers, switches and lastly the interconnections. However, to implement this network design, the following equipment are...
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...Cost Factors Amazon has a fixed cost business model, they use the Internet to gain highest possible leverage out of their fixed assets. They sell music, books and consumer electronics, which means they are selling ownership of a physical product, this is called asset sales. They have a massive IT infrastructure that needs maintenance to keep their costumers. Amazon let individuals and companies pay a small fee to use their infrastructure, using it as storage for their business. This is cheaper for the customers and Amazon benefits from it. It may seem that Amazon is struggling economically since they keep losing profits, but investors keep putting money into the business, pushing them to a higher level. It is shown that Amazon is a very beneficial platform due to the fact that people wish to sell via their homepage. They tend to loose money due to their massive investments, but in the end they profit from all of their transactions. Amazon's annual report from 2012 shows a decrease in operations income by 22% in 2012, a 3% decrease since 2010. However their cost of sales has increased to 24,8% in 2012, 2,5% increase since 2010. References Noren, E (2013) Digital Business Models, How Companies Make Money Online. Available at: http://www.digitalbusinessmodelguru.com/2013/07/analysis-of-amazon-business-model.html (Accessed: 21 November 2013) Business Insider (2013) Former Amazon Employee Explains How The Company's Business Model Really Works. Available at: http://www...
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...1. CheckPoint: Business Models and Systems Consider a local business whose services you frequently use. What are the main components of this company's business model? Write a 200- to 300-word response describing the three components of the business system that comprise the local business you selected. Use Figure 1.2 on p. 11 of Introduction to Business as a reference. The three main components of the Centralia Recreational Center are business commerce, business occupation, and business organization. The business commerce of the Centralia Recreational Center would be that citizens of this community and citizens of the surrounding areas can pay a set amount of money periodically to become a member and have full access to all of the features of this business. Of course, the value of this is better fitness and health for the members, and quality family time spent together by exercising, swimming, or participating in certain family oriented activities. The business occupation of the Centralia Recreational Center are the swimming pools, hot tubs, basketball court, running track, weightlifting and fitness room, and some of the classes the business offers for a variety of aerobics and fitness programs for people of all ages. The Centralia Recreational Center also hosts a number of tournaments for basketball, swimming, and volleyball. In my hometown, there are several other businesses that offer similar services to their customers, but none of them have the services that the...
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...Check Point: Business Models and Systems * Consider a local business whose services you frequently use. What are the main components of this company's business model? Write a 200- to 300-word response describing the three components of the business system that comprise the local business you selected. Use Figure 1.2 on p. 11 of Introduction to Business as a reference. The business I chose is Adore Nails and Spa, in Riverside, California. I have been going here to get my nails and toes done for the last few years. I have been to a lot of different place that did a good job, but Adore Nails and Spa is the best. The business System is the combination of business commerce, occupations, and organizations that produces and distributes the goods and services that creates value for people in a society. Business commerce is defined as the process which people produce exchange and trade goods and services. To me this means to barter in a sense. I do not believe that this business does this because it is a nail salon that does top of the line nails and massage therapy. Business occupation is defined as the acquired set of specialized skills and abilities that allows people to create valuable goods and services. Adore Nails and Spa employees are all state licensed in Cosmetology and Massage Therapy. I personally believe that this business has the best quality and customer service in town. Business organization is the system of task and authority relationship which coordinates...
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...Mission: As a business manager for GE Canada, Raj Bhatt needs to figure out how to maximize the potential from the Canadian energy-efficiency opportunities. Energy-Efficiency, attractive industry and business opportunity? Yes, the energy-efficiency is a very attractive industry and business opportunity. As the growing interests from Canadian public and government, the size of the potential market has increased substantially to billions of dollars. Further, the technology and industry expertise have developed to more sophisticate stage as the market has grown to maturity with fewer competitors left. Therefore, the risk and prediction of overall business have decreased significantly. In addition, GE has the advantages of being an all-inclusive powerhouse for this project, since GE does not only have technical advantages in lighting and motors but also has its own financing department which could support the project’s financial needs. More importantly, GE is a well-known global brand with respected reputation in the industry. Lastly, GE does not face the similar level of competition in the energy-efficiency industry, as there are only 7 full-services ESCos that can cover all three businesses needs. Even those ESCos are often facing problems like accessing the capital, or creditability issues etc. GE management system, GE Canada, implications for the energy management business? The organizational structure of GE is a “direct connect” structure, which consists 6 core businesses...
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...The Design and Development of Business Warehouse Systems CIS 537 July 31, 2011 What type of new BW System you would want? The system that I want is the SAP NetWeaver Business Warehouse systems on the IBM InfoSphere Warehouse that is on IBM. With a business intelligence database with common properties in a class that can be a wide variation. The SAP NetWeaver Business Warehouse databases tend to have some features that are typical, of a standard BI database. It will fit into the InfoSphere Balanced Warehouse design and there are many benefits to running SAP NetWeaver BW on InfoSphere Balance Warehouse. Timely access to relevant information has always been critical to business success, with new data sources and increased access, managing, processing and making sense of data volumes is important. With the SAP NetWeaver Business Warehouse will lead the way to providing a complete business from data sources. A comprehensive set of tools, planning and simulation capabilities as the components of the SAP NetWeaver platform to combines powerful business warehouse infrastructure and data warehousing functionality. It will give a timely access to relevant information that has been critical to business success. The decision will be based on the full range of information available as the volume of available information grows. The InfoSphere Balanced Warehouse is a complete data warehousing solution that is comprised on pretested, scalable and fully integrated system. The system is...
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...• three fundamentally different types of businesses: o customer relationship build relationships w customers o product innovation develop new and attractive products o infrastructure high volume repetitive • focus on only one of these three in a company • they can conflict with each other Product Customer infrustructure economics Premium price High cost to acquire cust get access to ppl’s wallet! High volume to get economies of scale Culture Battle for talent Low barriers to entry Small players thrive Battle for scope, consolidate, big players dominate Battle for scale, rapid consolidation, big players dominate Competition Employee, coddle the superstars Service oriented, customer first Cost centered, standards and efficiency • long tail biz models: sell few niche items. Low inventory costs and have a strong platform to make it readily available to interested buyers o ex customized legos o offer wide scope of “non hit” items. o Maybe user generated content o Focus on niche customers o Platform development is key and costs a lot o Internet is used to maintain customer relationship and as the transaction channel • Multiplatform- intermediaries o Bring together two groups: only works if both sides come to the table o Facilitating interactions between different groups o More value happens when there are more people, creates a network effect o bring together two or more distinct but interdependent groups of customers. o key is that the o platform...
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...Competency details BSBADM506 Manage business document design and development This unit describes the skills and knowledge required to establish standards for the design and production of organisational documents and to manage document design and production processes to ensure agreed standards are met. It applies to individuals employed in a range of work environments who require well-developed skills in the use of a range of software packages to establish, document and implement consistent standards of document design within an organisation. Assessment outline All assessment tasks must be completed to pass the unit. Assessment task Word limit Assessment 1: Auto-mark quiz Requires you to answer quiz questions online. N/A Assessment 2: Document standards and processes Requires you to complete a set of document processes and standards with a template. 700 words + Template Assessment 3: Testing, training and review Requires you to submit evidence of training, testing and reviewing documents. 1100 words + Evidence requirement The auto-mark questions (Assessment 1) are stand alone, and must be completed separately from Assessments 2, and 1.3. These are completed online. You are required to complete Assessments 2 and 3 with reference to: (a) a workplace project, or (b) the MacVille cafes study provided. Instructions Once you feel confident that you have covered the learning materials for this unit, you are ready to attempt this assessment. Construct...
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...Module code: BSS002-6 Module Name: Business Data Analysis Submission: 30 November, 2012 I my class I learn how to simulate data to solve a problem. I learn to use excel and some function in it these are =SUM() = RAND() =AVERAGE() =STDV() =RANDINV() =VLOOKUP() and few more . These are widely used function when I simulated data in excel. In task 1 I find out how to calculate or forecast how much card should we print. I use a random variable with =RAND( function and use =VLOOKUP() function to find out demand from discreet variable called cumulative probabilities. This is discrete because we find out the range by frequency distribution. Then I use if function to calculate disposable cost with =IF (Demand>Production,(Demand-Production)*Disposable cost, 0). This function works with logical criteria. It says that, if demand is greater than production then disposable cost will be (Demand-Production)*Disposable cost, if not then “0”. Then I calculated profit. Then I simulated 1000 trial with 4 types demand to find out with demand will give us maximum profit and this was $40000. If we print $40000 cards then we can make profit of $57758 which is higher than other. Then we use DATA ANALYSIS add-in to simulate descriptive statistic. From here we can answer question no 2 also. If you print 20000 cards then will make profit of 46178 which is less than what can we make in 40000 printed cards. In here simulated demand is uncertain variable when is used for forecasting...
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...Design Enterprise-Level Business System Paper Business Systems Development II BSA/400 Design Enterprise-Level Business System Paper 1.0 Design methods for developing an enterprise-level information system There are many things that have to happen correctly in the design phase in order for an enterprise-level business system to be effective. In order for the system to be effective, it should align with strategy, reduce costs, improve productivity, promote timely execution, enable better decision making, leverage emerging technologies, ensure acceptable levels of control and risk management, optimize the skills and capabilities of the organization, and promote collaboration across the extended enterprise. (The Hackett Group, 2010) The first step is to understand the business and how it is strategically aligned. The company must understand what it is bringing to the table. Before the necessary scope of the project can be decided, this is where the planning starts. A survey among employees of the companies should take place to review the philosophy, vision, and mission. (Armstrong Enterprise Communications, Inc., n.d.) Buy in is critical at all levels of the organization in order for an enterprise resource planning initiative to be successful. One of the main goals of successful enterprise resource planning implementation is companywide buy in. Each employee should have a cursory understanding of the goal and mission of the business, and how their work...
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...Theories of Systems Analysis and Design for Integrated Business Solutions Xin Tian Herzing University Theories of Systems Analysis and Design for Integrated Business Solutions Introduction The word system comes from the Greek work “systema” defined as an organized relationship among functioning components or units. Business system analysis and design breaks down the entity’s components into its basic constituents for the purpose of studying how each component works with other components in the fulfillment of the business purpose (Grady, 2007). Business system analysis and design entails identifying the goals of an enterprise. Next, the analyst develops systems that will fulfill these goals through studying the basic components of the system with the aim of fulfilling the business’ goals in an efficient way. The analysis aspect of the system deals with what the systems should do while the design part outlines how the system will fulfill its purpose. A basic system will consists of two or several interrelated constituents. Each element of the system will consist of three properties. 1) Each component affects the functioning of the entire system. 2. Each component is affected by at least one other component in the system. 3. All subsystems of the components have the first two properties. Systems analysis and design for integrated business solutions entail three levels. The first level is the...
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