Tuesday, October 22, 2019
NUMBA 1 assignment Strategic Planning Essays - Strategic Management The success or failure of a business is attributed to its strategy'. You are required to make a critical comparison between two companies in the same industry and compare and contrast their strategic choices which led to their differences as you would see today. Make a clear distinction between their standing as you perceive. In developing your analysis, explain the relevance of micro and macro environmental factors and how these companies responded to these factors. Make specific references to SWOT, PESTEL, Porter's 5 Forces as relevant to the companies you have chosen for this analysis. (1,250 - 1, 50 0 words) Business landscape is rapidly changing in many industries in Sri Lanka due to global trends and government priorities. These changes will require innovative strategic initiatives to be adopted by old established companies if they have to survive the onslaught of competition that will sweep the local environment over the next few years. Ide ntify a specific sector and discuss what long term and short term innovative strategic initiatives that could be adopted in order to survive such an onslaught of competition. (1,25 0 - 1, 500 words) You feel the Vision, Mission and Values are merely decorative statements. How will y ou make Vision, Mission and Values more effective to realize sustainability in an organisation's success? State examples from local or international companies. (1,000 - 1,250 words) Select 5 strategic planning tools and illustrate the usefulness of these tools in relation to practical examples. (1,000 - 1,250 words)
Monday, October 21, 2019
Reeking and Wreaking Reeking and Wreaking Reeking and Wreaking By Maeve Maddox Here is a very small sampling taken from the web of the misuse of the verb reek: We had an extremely wet May and June this year in New York City which reeked havoc on many tomato gardens. SISTERS reeked havoc at MommaÃ¢â¬â¢s Christmas Dinner today Although this helped in some patients, it reeked havoc with others, resulting in law suits. that virus sure reeked havoc with your computer The deadly twister that reeked havoc in Tuscaloosa. Note that each error is an attempt to use the idiom to wreak havoc, meaning to cause destruction or devastation. It would be correct to say, A huge earthquake wreaked havoc on Japan, or A string of tornadoes wreaked havoc on Alabama. By itself, wreak means to give expression to; to vent. The word havoc, meaning devastation, derives from a French idiom, crier havoc, to cry (or shout) havoc!' The most familiar use of this word occurs in Antonys funeral speech in Julius Caesar: ANTONY: Ã¢â¬ ¨Caesars spirit, ranging for revenge, Ã¢â¬ ¨ With Ate by his side come hot from hell, Ã¢â¬ ¨ Shall in these confines with a monarchs voice Ã¢â¬ ¨Cry Havoc, and let slip the dogs of war; Shouting Havoc! was the signal to begin battle, the result of which would be destruction. The verb reek derives from two similarly pronounced words that were familiar in Old English times. One meant to emit smoke and the other meant to emit a strong smell. Today the verb reek may have either meaning: The reeking chimney annoyed the neighbors. After putting gas in the car my hands reeked of gasoline. The homes and clothing of smokers reek of burnt tobacco. His actions reek of self-love. Bottom line: Chimneys, cigars, and bad relationships reek. Hurricanes, earthquakes, ice storms, droughts, and war wreak destruction and devastation. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Misused Words category, check our popular posts, or choose a related post below:15 Terms for Those Who Tell the FutureEnglish Grammar 101: Verb MoodTypes of Plots
Sunday, October 20, 2019
Corporate Social Responsibility at MTN Nigeria INTRODUCTION Corporate Social Responsibility at MTN Nigeria INTRODUCTIONWHAT IS CORPORATE SOCIAL RESPONSIBILITY?IMPORTANT OF CORPORATE SOCIAL RESPONSIBILITYREASONS FOR COMPANY TO ADOPT CORPORATE SOCIAL RESPOSIBILITYCORPORATE SOCIAL RESPONSIBILITY AND STRATEGY OF MTN NIGERIAREASONS FOR THE FOUNDATIONECONOMIC EMPOWERMENTDescription of the Project:Description of the project:Objective of the project:CONTRIBUTIONS OF CSR TO CORPORATE STRATEGYCONCLUSIONRECOMMENDATIONSREFERENCES:Related INTRODUCTION Corporate social responsibility has been in debate since 20th century even though there are some argument for and against if it were really the duty of an organization to provide some kind of social service to the people in its environment even though the organization generate both natural and human resources from its environment while at the same time exploit the opportunity meant to be enjoy by the society if without the existence of such organization. The Corporate Social Responsibility of MTN as an Information and communication Technology (ICT) Company will be examine in detail. MTN communication limited as a subsidiary of MTN group is the largest .MTN is one of the leading telecommunication Company that operates in 21 Africa countries and Middle East. MTN secured a licensed to operate digital Global System of Mobile Communication in Nigeria in February 2001 from the commission and based on that, it emerged as the first telecommunication company to make a commercial call on its GSM network. The rapid growth in the business of MTN as a telephony company gave the need for the company to provide its environment with some social service. WHAT IS CORPORATE SOCIAL RESPONSIBILITY? The Corporate social Responsibility (CSR) has been defined by different scholars so as to different individual stakeholder.Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Lawrence and Webber, (2008) Ã¢â¬ËÃ¢â¬ËCorporate social responsibility (CSR) means that a corporation should be held accountable for his action that affect the society, people, communities and their environment.Ã¢â¬â¢Ã¢â¬â¢ CSR simply means the duty of care owe the people, society and its environment at large by an organization as a result of damages cause in the line of carrying out their daily business activity such as air pollution, Evaporation, flow of waste in the stream, damaging of road due to heavy vehicles to mention but few. The social responsibility requires an organization to equate the goals to be achieved and the cost of achieving the set goals. COMPONENT OF CSR Ethical Consumerism Community Involvement Treatment of Customer Socially Responsible Investment Environment Treatment of Employee Social Reporting Cause related marketing As earlier said, the argument for and against Corporate Social Responsibility will be examine ARGUMENT FOR ARGUMENT AGAINST Promote business value and reputationConsistency in the profit of an organization.Amend any social discrepancies that may occur.Serves as a medium of saying thank you to the populace Reduction in profit sharingAdditional cost of competing with competitorsCost may outweigh benefit in terms of investing in capital projectLack of Information IMPORTANT OF CORPORATE SOCIAL RESPONSIBILITY In some years back, the concept of Corporate Social Responsibility (CSR) has been a very good strategy for most of the business organization to escape through in a highly competitive market environment. In a situation where there is a variation and unstable scales of preference from the consumers, the Corporate Social Responsibility is therefore the most applicable tool in order to survive. In the event of Corporate Social Responsibility, most company tends to reduce their operating cost for been socially and environmentally responsible. A company been socially responsible tends to gain the attention of more customers. And it makes the company be more visible and while serves as a medium by which the company will communicate to the public. The Strategic Management both internal and external risks can be control by corporate social responsibility as well as social and environmental factors A company been socially responsible tends to gain the confidence and trust of the investors and also it can be used as mean of influencing the decision of investors. In the areas of employee, all worker wish to work in an organization that really cares about the welfare of its staff and its environment. The concept of corporate social responsibility increased the reputation of the company and customer and investor and/or client can easily be influenced by the reputation. Promote organization reputations and brand. Business is more responsive to its Ethical environmental and social performance because of the globalization. This tends to put more pressure on careful selection of strategic tools Improve organization efficiency. Increased in the investment opportunity open to the business. REASONS FOR COMPANY TO ADOPT CORPORATE SOCIAL RESPOSIBILITY There are many reasons or motives for an organization to adopt corporate social responsibility. It is argue that shareholder been one of the driver of CSR constitute to the growing of Social Responsibility. Below are some of the factors giving rise to the adoption of corporate social responsibility by a business organization: Public Trust: Lack of public trust in corporate management has contributed to the growth of CSR such as case of ENRON in the United State of America. Globalization: The act of increasing trade international has giving rise to SR. Counter Globalization movements calls for transparency among the companies. Increased In Competitions: Some of the company adopts corporate social Responsibility due to the competitive pressure such as Banks. CORPORATE SOCIAL RESPONSIBILITY AND STRATEGY OF MTN NIGERIA MTN Nigeria been socially responsible created a way to drives its social responsibility across the whole 36 states in the country together with the Capital territory. MTN Nigeria created a part called MTN Foundation through which they get to people around. This Foundation was incorporated in the year 2004 as a way to reward the people in their environment. Up to 1% of their profit after Tax was use to fund this foundation in other to create a unique impact and corporate social driven project. A good networking of both locally and internationally has made it possible for the organization to execute its various projects. In creating MTN foundation, they have make a lots of impact while also they have a good model for better corporate citizens and make it possible for the group like stakeholders, Tax authorities, Government etc to endorsed their foundation. REASONS FOR THE FOUNDATION The MTN Nigeria created the foundation solely for the creation of Economics empowerment, Good education, Good Health Services in a way to make a positive impact on their brand. ECONOMIC EMPOWERMENT Through the MTN foundation and its Economics Empowerment, It has been possible for them to at least be working how to eradicate poverty in so many ways such as granting micro credit, creation of employment, acquiring of necessary skill for a particular job (skill acquisition) building capacity. As part of MTN foundationÃ¢â¬â¢s economics empowerment, It has been possible for MTN to work alongside some other reputable organization in other to achieve the purpose for which the foundation has been set up. The area at which the foundation has contributing to the growth of their community and also to the expansion of their brand will be examined in details: MTNF Rural Telephone Project (MTNF RTP) (In partners with growing business foundation (GBF) and the International Finance Corporation (ICF) Description of the Project: This project is set up to equip small, medium and entrepreneurs by providing them with equipment needed to start their own business such as telephone business. Ths project has help eradicate poverty in their chosen communities and since the creation estimated figure of 4,500 has benefited from the project. The project has been able to provide the following: Mobile Phone Recharge cards Yanggi Antenna Solar Charger MTN promotional Materials such as Umbrella, Table, Chair, Banner, T-Shirt, Face cap and lots more A-Week training on basic accounting knowledge and customer service. MTN foundation Rural Housing Project (In partnership with Habitat for International (HFHI). Description of the project: In view of the accommodation problem encounter by some people in the country, The MTN foundation has created the project to provide shelter for the people with low-income. Objective of the project: 2 bedrooms, a living room, toilet shower and the kitchen. Good Electricity Constant running water Sanitation facility MTN foundation- Lady Mechanic Initiative (MTNF-LMI) Description of the project: The acquisition of skill as a mechanic has always been classify as a men job only but with the introduction of Lady Mechanic Initiative by MTNF has made it possible for the foundation to empower and rehabilitate 50 young women by providing them with auto care skills Objective of the project: Practical Involvement in auto mechanic training at Pay Train centre Provision of lecture on the theoretical aspect of Mechanical Engineering Lecture on the social and health related issues on monthly basis Industrial attachment at Peugeot Automobile for 3 months in Kaduna, part of Nigeria Industrial attachment at Coscharis Motors for 3 months in Lagos Provision of DriverÃ¢â¬â¢s License and Driving test Trade test Certification Internship programme at Mitsubishi, R.T. Briscoe, Elizade and Toyota MTNF Ã¢â¬ËHow to GuideÃ¢â¬â¢ project in partnership with Fate Foundation Description of the project: This project is designed to create wealth and alleviate poverty among the Nigerian youth by making available for them a small business opportunity and thus provide reliable economics empowerment. Objectives of the project: Provision of adequate training for the potential beneficiaries of the small scale business opportunity. Empowering 120 people by providing recharge cards and other MTN promotional materials Printing of 5000 copies of a guide on CALL CENTRS. MTNF- Farm Fresh Milk F.L.O.W project (Fulanis Living Optimal Willingly) project in partnership with Integrated Dairy Farm Ltd-Farm Fresh) Description of the project: This project was completed in year 2009; it involved provision of support to almost 150 cattle-rearer through cross breeding of Friesian bulls with local cows in other to produce and sale of new quality and quantity of milk. Objective of the project: 70 Friesian Bulls 3 artificial Insemination Kits and Accessories 3 Liquid NitrogenÃ Containers 3 First Aid Boxes 3 Motor Bikes 1 tractor and implements 1 hilux pick up Veterinary drugs MTNF Ã¢â¬â ChildrenÃ¢â¬â¢s Development Centre (CDC) Ã¢â¬ËDisability and UÃ¢â¬â¢ Road show and seminar. Description of the project: This is a program designed to create and increase the awareness of the public on the people with physical and mental disabilities through banners, road shows and workshop/seminars across the country. MTNF Disability support project (MTN DSP) in partnership with independent Living Programme for Person with Disabilities. Description of the project: This was created to increased and improved the quality of life of those that lives with disabilities by providing for them the mobility aid and appliances such as crutches wheelchair, guide canes hearing aid to mention but a few. This will help them in carrying out their daily activities without experiencing any difficulties or limitation. Objectives of the project: Provision of mobility aids and appliances such as wheel chairs Creation of vulnerability IndexÃ Questionnaire Administration of Vulnerability Index Verification and selection of beneficiaries Distribution of the equipments MTNF Skill Acquisition Project for the People Living with Disabilities in Partnership with Friend of the Disabled (FOTD). Description of the project: The project was organize to empower 45 disabled youth across the nation with diverse skills such as Tailoring, Cobbler and welding to enable them make living successfully. Objective of the project: All the entire area of skill acquisition centre were renovated The boys and girls hostel were been renovated Training gadgets and consumables for welding, cobblers and tailoring were provided. Provision of 30KVA Generator A project vehicle was provided Provision of 10 Computer systems The MTN awareness in the need to promote corporate social responsibility and environmental has earned the corporation, a reputation as Ã¢â¬ËThe N0.1 CSR telecoms companyÃ¢â¬â¢ and been the first mobile company to established a foundation. This has lead to the economicsÃ¢â¬â¢ growth and development of Nigeria by helping to unleash the strong developmental potential through the provision of world class communication, innovative and sustainable social responsibility initiatives. CONTRIBUTIONS OF CSR TO CORPORATE STRATEGY Corporate Strategy is the analysis of how to achieve the set target and purpose for which the organization is set up. There are three main types of corporate strategy namely: I. Growth II.Ã Stability III.Ã Renewal Growth Strategy The means by which an organization tends to expand its market operation and product offered either through its current market or introducing new business. Here are some growth strategies: Concentration Vertical Integration Horizontal Integration Diversification MTN Nigeria adopted growth strategies by concentrating on their market and ensure expansion on the market. The most strategic of CSR occurs when a company adds a social dimension to its value proposition and ensuring social effect on integral part of the overall company strategy. CONCLUSION Corporate social responsibility is the guide to business ethical behavior. Being socially responsible is the most important and key areas to the stakeholders and on corporate reputation. The incorporation of Corporate social responsible into business mainstream practice it shows your corporate reputation while it does affect the opinion of the company. RECOMMENDATIONS In view of the conclusion above, The researcher thereby recommend to all the business, The Corporate social responsibility as the one of the channel to which a business organization could overcome some of the challenges that militating against business aims and objective such as losing to competitive, mimic of product while it will allow the business to promote business value and reputation. REFERENCES: ecrc.org.eg/Uploads/documents/Articles_CSR%20main%20concepts.pdf Accessed: June 20th, 2011 mtnonline.com/mtnfoundation/ Accessed: June 20th, 2011 mtnonline.com/mtnfoundation/about-us/who-we-are Accessed: June 20th, 2011 mtnonline.com/mtnfoundation/portfolio/economic-empowerment Accessed: June 20th, 2011 mtnonline.com/about-mtn/corporate-information Accessed: June 20th, 2011 http://osha.europa.eu/en/topics/business-old/csr/index_html Accessed: June 20th, 2011 http://graphics.eiu.com/files/ad_pdfs/eiuOracle_CorporateResponsibility_WP.pdf Accessed: June 20th, 2011 Lawrence and Weber, (2008) Business and Society, Mcgraw-Hill, International edition, 12th Editions.
Saturday, October 19, 2019
Current Issues for Strategic Information Systems Report - Essay Example Lastly, the report offers a summary recommendation for technology adoption by GLM in future, including a costs outline of such an undertaking. The analysis of the impact of adopting future technology enables the company to identify technologies that prove beneficial (Palvia, 2003:161). The implementation of such technologies is integral to the sustainability and growth of GLM. Introduction The report has several parts that comprehensively analyze the adoption and benefits of new technology in the company as far as information systems and information management (IS and IM respectively) improvements are concerned (Ward and Joe, 2002:74). The first part reviews the present status of the IS and IM at GLM, and the impact of adoption of future technologies to the organizationÃ¢â¬â¢s business culture, model, and structure in the next five years. ... The last part provides a set of recommendation to the organization with a clear outline on financial costs. This report highly recommends that GLM implement these proposals in order to achieve cost saving, improve the workplace environment, meet the demands of current and potential customers, and remain competitive in their market. Review of the Current IS and Future Technologies at GLM The Current GLMÃ¢â¬â¢s IS The current IS at GLM has potential for improvement. Drawing upon the pre-workshop document on the companyÃ¢â¬â¢s IS system, the implementation, and use of information systems is less than ideal. This report provides an overview of the areas presently with IS in the organization in appendix 1 (Travis, 2004:94). From a consultantÃ¢â¬â¢s point of view, there is need for improvement on these areas, as discussed later in the report. Future Technologies Technology in the modern world is an integral asset to organization. This is evident from the increasing number of organiza tion and individuals embracing technology in the global market. It has thus become imperative for organizations to adopt technology in order to compete and expand effectively in the market. In this regard therefore, the objective by GLM to expand into the global market must go in hand with adoption of current technology, which will enable it to meet the needs of its current customers as well as attract technology-enthusiastic customers. Thus, GLM needs to leverage this knowledge and subsequently enhance the work processes and communication channels. To achieve this, this report analyzes the technologies that may prove beneficial to the business culture, business model, and structure of GLM as an organization. Among the most significant technologies, include cloud computing, customer relationship
Friday, October 18, 2019
Questions for at the AQRs Momentum Funds (The Momentum Effect) - Case Study Example The existence and ability to implement the strategy despite up or down markets is implied due to the aspect of relative performance as a component of momentum. Authors such as Jegadeesh and Titman in their publication, present models of behavior with a basis on the idea that momentum profits result due to inherent biases in the way an investor interpret given information (7). Others however argue that momentum investors realized massive returns as mere compensation for risk. Generation of momentum returns can be as a result of rational and irrational reasons. Some of these reasons include momentum being a consequence of overreaction and under reaction to news pertaining to the market and failing to incorporate them in their transaction prices. This argument can be explained by examples such as positive announcements from companies resulting in price increases thus more buying of stocks (Jegadeesh & Titman, 10). With respect to the time series of returns, we can conclude that each stockÃ¢â¬â¢s past return is a future predictor meaning that stocks with high expected rates of return in adjacent time periods are expected to have high realized rates of returns in both periods. In the case of return reversals, such appear mostly in later years following the formation date where it is most likely that an investor will lose
Insufficient Staffing and Medication Errors - Essay Example Understanding the different factors affecting health care delivery to the patients should be analyzed in order to make sure its objectives are attained. One of the issues that healthcare systems should address in order to optimize its role in delivering quality health care to its patients is medication error. Medication error is any preventable event that may cause or lead to inappropriate use of harm to a patient while medication is in control of the health care professional, patient or consumer. Such events may be related to professional practice, health care products, procedures and system including prescribing, order communication, administration, education, monitoring, and use. According to various studies concerning errors in patient medications, there are around 7,000 to 7,400 people in the United States who dies due to such form of negligence. Specifically in New York, there is approximately 1,400 people die every year or twenty percent of medical injuries are due to medicati on errors. Lawsuits have been filed across the United States health care system as a result of medication errors, which exposed the patients into dangerous situations that eventually cause the death of some patients. According to the National Law Journal, out of the 13 largest medical negligence lawsuits in the US in 2002, seven of these were in New York alone. The number of deaths from medication errors in the US per year is at least one death every day. In addition, the Center for Drug Evaluation and Research found that a total of 1.3 million people are injured because of medication errors. Types of Medication errors Medication errors occur in different ways and at any degree. Medical negligence of this type may be made by any health care practitioner, from the nursing staff to the attending physicians. One type of medication error may be a misdiagnosis of a patientÃ¢â¬â¢s illness identified as a diagnostic error. A mistake as complicated as this, may result to more serious prob lems when made. Misdiagnosis could result to recommending an incorrect choice of therapy to the patient that would further injure them. Failure to use an indicated diagnostic test is also a result of diagnostic error that may cause a patientÃ¢â¬â¢s illness to become worse and very serious. Test results may also be misinterpreted due to an error in diagnosis. Patients suffer the consequences of not being able to get the right treatment to their illnesses when such diagnostic error happens. In addition, when patients are misdiagnosed, medical staff may not be able to correctly handle abnormal situations that are brought about by the patientÃ¢â¬â¢s illness or disease. Equipment failure is another form of medication error that is classified under this category. Some examples of this are dead batteries in defibrillators and easily dislodged or bumped valves of intravenous pumps. When such conditions are unnoticed, patients may have increased doses of medication over a short period of time that may be too dangerous, worse, fatal to the. Physicians are not spared in committing medication errors as well. The same thing goes with the nurses. Their roles require them to be in close contact with the patients. While physicians prescribe the medications or recommend the proper treatment necessary for the patients, the nurses are those who implement them.
The Lost Decade - Essay Example As a result, there was trade surplus and increased liquidity for banks thus making credit easily available and cheap. There was also increase in asset prices such as; real estates, stocks and land. Banks used excess liquidity to lend loans backed by real estates or land as collateral and when eventually the ministry of finance raised interest rates in 1989, the asset bubble burst resulting in the collapse of the financial markets and economic growth stagnation. There are several factors which can be attributed to the recession. Some scholars like Ito believe that the situation could have been avoided if only the government had taken measures urgently. The Bank of Japan (BOJ) and ministry of finance(MOF) and Japanese banks took a long time to acknowledge the existence of the problem hence took long to respond and this led to worsening of the problem (Saxonhouse & Stern, 2004). Increased speculation is also viewed as a contributing factor to the lost decade. Due to high prices of land, stock and real estate, banks thought that the prices would continue to rise thus instead of reinvesting the excess liquidity, they loaned it with real estate as a collateral without foreseeing any risks. As prices continued to increase, the companies continued to acquire more loans backed by assets and invested in stocks and securities and the banks offered loans without considering creditworthiness of the loanee. By the time the bubble bust, most banks had little or capital reserves (Callen & Ostry, 2003). Callen and Ostry (2003) observe that the economic slowdown was a result of massive savings due to demographics of aging population. This resulted in over reliance on traditional bank loans as opposed to issue of stocks and bonds in the capital market to acquire additional financing. The relationship of banks and corporations led to lowering of lending standards leading to increased risks. The shareholders of commercial banks were mutual life insurance companies which were manage d by representatives selected by the management hence there was no regulations to operate efficiently. The banks therefore were lending money without a profit maximization motive thus increased lending risks. The MOF had also undergone deregulation hence was not providing the banks with regulatory rents hence they turned to small and micro enterprises and gave the loans against real estate collateral at low interest rates (Syed et al. 2009). The government institutions were getting annual subsidies and hence were not keen on making profits hence lack of control in lending activities. The government response policy in 1997 of increasing consumption tax is the reason for continued crisis which had already began to ease (Syed et al. 2009). The government underestimated the depth of the crisis and began strategies to reduce budget deficits by increasing consumption tax. This resulted in increased consumption of durable goods by consumers as they speculated the increase leading to inflat ion (Nanto, 2009). The community banking model of Japan also prolonged the crisis since the banks were reluctant to write-off non-performing loans and instead opted to continue lending to defaulters. The increase in interest rates in 1989 by the MOF led to the bursting of the bubble. The impact was felt not only by the banking system and other financial