Friday, August 21, 2020

Corporate Governance Risk Management System

Question: Examine about theCorporate Governancefor Risk Management System. Answer: Hazard Management commitments in Corporate Governance Code (Hong Kong): There are sure commitments with respect to the Board of an organization or with respect to the hazard the board framework according to the standards referenced in the Corporate Governance Code in Appendix 14 (Hong Kong). As indicated by Corporate Governance Code in Appendix 14, it is the obligation of the Board to dissect and find out the attributes of the dangers that it wants to take. The degree and scope of the dangers must be controlled by the Board. The idea of the hazard must be broke down by the Board with the point of achieving the vital goals of the backers (hkexgroup, 2016). The Board needs to guarantee that the organization has compelling arrangement of control through execution of the hazard the executives framework inside (kpmg, 2014). The obligation of checking the plan to be set up by the administration for usage is required on the administration. The hazard the executives and control framework set up inside must be assessed and managed by the Board. The adequacy of th e hazard the executives structures must be affirmed to the Board by the hazard the executives framework. There hazard the board should likewise affirm that the arrangement of control is powerful and prepared for dealing with the outcomes of the dangers (hkex, 2016). It is the obligation of the board to check the quality of the hazard the executives viability and the arrangement of control set up inside of the backers. This audit should happen on standard and persistent premise. The accessibility of the needful fixings, abilities of the workers and different individuals from the organizations, preparing and advancement programs, budgetary planning, reviewing and elements of revealing must be affirmed. The progressions and their effects on the dangers must be examined. The capacity and the degree of hazard the board by the organization must be outlined. The adequacy of the correspondence in the administration of hazard must be controlled. Distinguishing proof of the zones of disappointments must be guaranteed for the upgrades. The announcing of the money related parts of the backers must be precise (kpmg, 2016). There must be an away from of the procedure and the means taken by the organization to battle the quality of the hazard the executives. The Board must recognize the obligation of keep up compelling danger the board and control framework inside the association. The audit of the capacities of the arrangement of inward control and the executives of hazard must be affirmed. The duty of the elements of the hazard the executives is forced on the procedure that must guarantee the annihilation of any mistaken factor or presence of any proviso New Amendment will Change or Affect Corporate Governance in Listed Company in Hong Kong: These changes would help the corporate administration in the recorded organizations in Hong Kong emphatically. The organizations would have the option to screen the dangers and the results of the equivalent on the inward administration. The control framework could be increasingly powerful. The expectation of the hazard should be possible on sensible grounds. The dangers would be taken care of in helpful manners. The codes ought to be seen by the administration while undertaking the hazard the executives exercises. The INED should screen the usage of the hazard the board is being led according to the arrangements of the codes (hkex, 2016). It is normal that the associations in Honk Kong would be exceptionally profited after the corrections of the codes. The Board must have the option to comprehend the obligations with respect to the administration of hazard. The corporate administration could be powerful and affected emphatically with effective acts of hazard the executives. The Possible Impact of New Risk Management Obligations as an INED: As an INED in a recorded organization in Hong Kong, there are a few jobs and obligations to be completed by an Independent Non-official Director. The job is to take an interest in the executive gatherings, take dynamic job in evaluating issues whenever mentioned for mediation. There are different jobs of the INED of a recorded association in the Hong Kong. He is likewise expected to participate in the Risk Management procedures and strategies those are structured by the management(Hkex, 2016). In any case, the changes to the Risk Management commitments in the Corporate Governance Code in Appendix 14 (Hong Kong), have called for survey of specific techniques and arrangements identified with the hazard the executives plans of the association. The Risk Management and Internal Control standard says that the board including the INED has the duty of examining and deciding the kinds of dangers as per their inclination and degree. The INED ought to watch if the hazard the board systems and s tandards are followed to(asiaasset, 2016). The board needs to oversee the administration in regard of the arranging, executing and checking of hazard the executives procedures and furthermore the inner control frameworks. It is the obligation of the administration to share the affirmation of the hazard the executives procedure adequacy to the board including the INEDs of the company(McDowell, 2016). There are a few codes of Risk Management those have been altered in the Appendix 14. The codes are the different models or factors those will define the limits for the hazard the executives methodologies of the organization. The codes plainly set the rules for the official and the non-official chiefs of a recorded organization in Hong Kong (Mondovisione, 2016). These amended codes should be seen by the chiefs of the organization and furthermore the administration and guarantee that those are actualized effectively inside the association to hold fast to the hazard the board standards in a lawful and moral point of view (GovHK, 2016 ). End: The whole report manages the commitments of hazard the board in corporate administration code in Appendix 14 dependent on Hong Kong. The impact of the new changes and increments on the organizations that are recorded in Hong King is likewise talked about. There could be effects of altered hazard the executives commitments. The perfect situation for an INED will be to watch the accompanying arrangements are clung to in the hazard the board techniques of the association industriously. The board including the INEDs ought to guarantee that the hazard the executives and furthermore the inner control frameworks of the backer are as a rule enough clung to and watched. There is additionally need to screen if the hazard the board and the inner control frameworks of the auxiliaries (assuming any) of the organization have been directed for in any event once in a year and make such revelation to the investors in the Corporate Governance Report distributed by the organization. The survey ought to incorporate the different areas, for example, material control, operational, consistence and money related controls. The yearly survey of the board necessitates that the assets are satisfactory, the staffs are adequately qualified and experienced, there has been preparing programs and legitimate planning of the bookkeeping of the guarantor. The executives ought to likewise guarantee that the inside review and the money related announcing have been attempted steadily and morally. The yearly audit of the board ought to incorporate the progressions those have been made since the last directed yearly survey with respect to the sort and degree of the plausible dangers. The board ought to uncover in the Corporate Governance Report that it has procured the affirmation of the administration about the guarantors chance administration and inner control frameworks viability. The board ought to likewise reveal a specific region of worry about the hazard the executives systems in the Corporate Governance Report. These new hazard the board rules should be seen by the INED and guarantee that the new corrections are being watched fastidiously by the workers of the association and the administration sticks to the standards and rules according to the Corporate Governance Code in Appendix 14. From the report it could be presumed that the corporate administration is a significant part of the administration of the organization and it ought to be watched fastidiously so as to develop and support. References: asiaasset (2016) HKEX presents hazard the board framework for its subsidiaries advertise, [Online], Available: https://www.asiaasset.com/news/HKEXptrm_dm2504_FS.aspx [27 October 2016]. GovHK (2016) HKEx Listing, Regulation Risk Management unit, [Online], Available: https://www.info.gov.hk/information/pennystock/annex4.7.pdf [27 October 2016]. hkex (2016) en-rules.hkex, january, [Online], Available: https://en-rules.hkex.com.hk/en/show/display.html?rbid=4476element_id=5034 [27 October 2016]. hkex (2016) hkex, 1 june, [Online], Available: https://sc.hkex.com.hk/gb/www.hkexgroup.com/corporate-administration/corporate-administration structure/corporate-administration rehearses/responsibility and-review/hazard the executives and-inner control/evaluation of-chance administration and-inward control-effectiveness?sc. Hkex (2016) Risk Management, [Online], Available: https://www.hkex.com.hk/eng/advertise/rm/RM_IndexPage.htm [27 October 2016]. hkexgroup (2016) hkexgroup, 29 aprol, [Online], Available: https://www.hkexgroup.com/Corporate-Governance/Corporate-Governance-Framework/Corporate-Governance-Practices/Accountability-and-Audit/Risk-the board and-inner control/Key-Control-Procedures?sc_lang=en. kpmg (2014) kpmg, december, [Online], Available: https://www.kpmg.com/CO/es/IssuesAndInsights/ArticlesPublications/Documents/HKEx-Consultation-Conclusions-on-Risk-Management-and-Internal-Control-201412.pdf [27 October 2016]. kpmg (2016) kpmg, august, [Online], Available: https://assets.kpmg.com/content/dam/kpmg/cn/pdf/en/2016/08/organizations reacting code-necessities v1.pdf [27 October 2016]. McDowell, H. (2016) HKEX dispatches hazard the executives framework for subsidiaries, [Online], Available: https://www.thetradenews.com/Asset-Classes/Derivatives/HKEX-dispatches chance administration framework for-subordinates/[27 October 2016]. M

Sunday, July 12, 2020

How to Write an AP 5 Essay Sample

How to Write an AP 5 Essay SampleAP 5 essay samples are the most commonly used college writing sample tests. In fact, it's one of the requirements for being accepted into most colleges and universities. In this article, I'm going to show you how to write an AP 5 essay.This essay is usually taken in the English Composition course, which is usually taught first in high school. Many students will complete this test once in their academic career. While this sample test may be easy to answer, there are some tips that can help you in answering it. Here are some tips for doing well on the AP test.The first tip is to do the research that is needed to complete your sample essays. There are many guides available online that will walk you through how to answer each question. One thing that you'll find about these guides is that they are easy to understand. However, you should not neglect to learn as much as you can about your subject area.A second tip for writing AP essay samples is to make sur e that you write from a critical standpoint. You must write from a person's point of view. Try to remember that the goal of this test is to assess your writing abilities, and you must be able to identify flaws in your essay before the essay gets turned in.Third, when it comes to writing AP essay samples, try to get a lot of practice using a pen. There is nothing more frustrating than turning in a test on the last day of class that you did not spend enough time practicing on. If you can avoid doing this, you'll increase your chances of having a more successful essay.Lastly, if you want to ace your AP writing test, try not to waste any time on the essay samples. It's easy to just type your words on a computer, but you will find that this will make it easier for the computer to memorize what you have written. Remember that it will be a mistake to just stare at the paper for too long.Fifth, make sure that you use numbers and math symbols correctly. There are no right or wrong answers on this, so make sure that you don't cheat by using any bad grammar or spelling mistakes. You might also want to consider memorizing the key ideas that are contained in the essay.While these are some tips for answering a writing sample in an AP course, they are not the only ones. Make sure that you are prepared for each type of essay that you're given.

Wednesday, May 20, 2020

Yes, Mandela - Analytical Essay - 889 Words

Yes, Mandela ------------------------------------------------- Essay Nelson Mandela became a legend long before he passed away and to most of the world he is known as the greatest hero of South Africa. According to the Oxford dictionary a hero is: â€Å"1 a person especially a man, who is admired by many people for doing sth brave or good. [...] 3 a person, especially a man, that you admire because of a particular quality or skill that they have.† There were several political prisoners imprisoned on Robben Island both before, during and after Mandela served on the island. But why was Mandela the only one to become a living legend? The poem â€Å"Yes, Mandela† by Dennis Brutus, is a lyrical poem describing the sender’s strong emotional†¦show more content†¦It is crucial to see the poem in a historical and political context to be able understand the imagery and metaphors used in the poem. Imagery and metaphors are commonly used in poetry, and so it is in Dennis Brutus’ â€Å"Yes, Mandela†. Imagery describes the prison years as â€Å"†¦a blanket cobwebbed of pain and grime.† The horrifying description of the prison years is a contrast to the description of Mandela’s appearance when stepping free â€Å"†¦you step free so erectly, so elegantly†. The contrast reinforces the picture of a physical and mentally strong and elegant Mandela. Contrasts are also used later to underline his strong personality once again â€Å"†¦impress your radiance on the grey morning air†. Brutus describes the sand on the island as â€Å"harsh, white and trea cherous† which metaphorically refers to the apartheid regime. Mandela conducted hard labor during his time on Robben Island, which we see is referred to in another metaphor describing the sufferings caused by the apartheid. The violent regime was like †jagged rocks and krantzes bladed crevices of racism and deceit†, not only to Nelson Mandela but to all races except the white. The poem is published in 1991, one year after Mandela’s release. The poem is rather short, with only three stanzas and 20 lines. This is however fairly characteristic for a lyrical poem. It is a lyrical poem because it doesn’t tell a story from beginning to end, but it expresses the speaker’s state of mind and emotions linkedShow MoreRelatedDeveloping Management Skills404131 Words   |  1617 Pages168 How Creative Are You ? 169 Innovative Attitude Scale 171 Creative Style Assessment 172 SKILL LEARNING 174 Problem Solving, Creativity, and Innovation 174 Steps in Analytical Problem Solving 174 Defining the Problem 174 Generating Alternatives 176 Evaluating Alternatives 176 Implementing the Solution 177 Limitations of the Analytical Problem-Solving Model 178 Impediments to Creative Problem Solving 178 Multiple Approaches to Creativity 179 Conceptual Blocks 183 Percy Spencer’s Magnetron 185 SpenceRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 PagesPHILADELPHIA Temple University Press 1601 North Broad Street Philadelphia, Pennsylvania 19122 www.temple.edu/tempress Copyright  © 2010 by Temple University All rights reserved Published 2010 Library of Congress Cataloging-in-Publication Data Essays on twentieth century history / edited by Michael Peter Adas for the American Historical Association. p. cm.—(Critical perspectives on the past) Includes bibliographical references. ISBN 978-1-4399-0269-1 (cloth : alk. paper)—ISBN 978-1-4399-0270-7Read MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pageslooked at what managers do from a somewhat different perspective.9 They asked, â€Å"Do managers who move up the quickest in an organization do the same activities and with the same emphasis as managers who do the best job?† You might think the answer is yes, but that’s not always the case. Luthans and his associates studied more than 450 managers. All engaged in four managerial activities: 1. Traditional management. Decision making, planning, and controlling. 2. Communication. Exchanging routine information

Wednesday, May 6, 2020

Analysis Of The Movie The Rye - 1120 Words

Catcher in the Rye was a phenomenal work of literature. The novel has been able to withstand the test of time without ever making it to the big screen. Present day with a movie of the bestselling novel is coming soon, every detail must amaze the avid reader of the book. This includes, lighting, a flawless director, a cluster of A-list actors, outstanding scenery, and last but certainly not least, a soundtrack that will knock the viewer of the movie into a sense of amazement. A soundtrack can completely devastate a movie. If there is a scene where a character in the scene is crying because they lost their friend, it would definitely be strange if music in the background was â€Å"Can’t Touch This† by M.C. Hammer. Soundtracks tell the audience what to feel whether it would be fear or excitement. With a soundtrack playing a critical position in a movie, the songs that have been chosen have transcended more than just the scenes they are played in, and turned into the embodi ment of some of the major themes in the movie. A great selection for the opening song would be a song by Chance the Rapper called â€Å"Finish Line†. In this song, Chance the Rapper appears to just spout sentences that just come to head like the stream of consciousness like Holden. When Holden goes on his particular tangents he usually is trying to get to a specific point, a finish line. Coincidentally, Holden during the entire book has been trying to come to some â€Å"finish line†. With this song as the opening, itShow MoreRelatedAnalysis Of The Movie The Catcher Of The Rye 1549 Words   |  7 PagesYana Gevorgyan Elliott English Literature AP 5 30 October 2015 The Catcher in the Rye As a timeless work, JD Salinger’s The Catcher in the Rye continues to serve as a voice of the special snowflake syndrome of the younger generation. As a comparative reflection of the issues facing Holden’s generation, specifically the struggles faced by those who do not conform to society in a time when it was the norm, the novel is an intriguing and accurate portrayal of a young man’s struggle to stay true to himselfRead MoreHigh Places Studio a Solution1034 Words   |  5 PagesSTUDIO (A) Reputation damage not considered Cumm HBO Profit $ 000,000 Probability ≠¤x 0 0% 3 100% Movie Profit $ 000,000 0 Cumm Probability ≠¤x % 0 -$30m E 0.4 Not on Schedule Associated Probability Stop Production (A) 0.75*$60m = -$45m 28% Continue Production (B) $30m - $60m = -$30m 28% $3.9m B 0.3 Disappointment 0.7 Morgan Directs (C) $35m -$60m = -$25m 13% -30 28 $3.48m D Produce Movie $26.5m A 0.6 On Schedule 0.2 Blockbuster (D) $180m-$60m = $120m 8% -25 41 0.5 Hit (E) $80m-$60mRead MoreThe Catcher in the Rye by J.D Sallinger, Questions and Answers1611 Words   |  6 Pagesdifferent parts of their unit plan. â€Å"Mr.’M’s† class was just beginning their unit plan on the novel The Catcher in the Rye while â€Å"Mrs. L’s† class was finishing up their unit plan on the novel The Scarlett Letter. Both classrooms had different, specific learning goals, activities, and assessments. â€Å"Mr. M’s† lesson was meant to introduce students to the novel The Catcher in the Rye and get them to start working on their culminating journal project. One learning goal for the lesson can be found inRead MoreHolden Caulfield Character Analysis Essay1249 Words   |  5 Pages In â€Å"The Catcher in the Rye† by J.D. Salinger, the main character Holden Caulfield is a nervous and unhappy dropout. After being kicked out of his prestigious high school, he goes to New York City and roams the streets for three days searching for both innocence and adulthood. While he holds a hatred for â€Å"phonies†, people he sees as fakes or cheats, he himself can be portrayed as a phony. Holden admires certain qualities in a person. He likes people who are honest, intelligent and open. 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Impact of E-Technologies on Business Operation-Free-Samples

Question: Discuss about the impact of e-technologies on the organizational business operations considering the e-technologies issues and challenges faced by different business organizations nowadays. Answer: Introduction The report is prepared to discuss the impact of e-technologies on the organizational business operations considering the e-technologies issues and challenges faced by different business organizations nowadays. The impact of e-technologies and its contribution to the successful management of business operations will be illustrated here. The roles of suppliers in overcoming the threats and risks associated with these kinds of technologies will also be depicted here in this report[1]. Impact of e-technologies on modern organizational business operations Nowadays, most of the business organizations are dependent on the technology for day to day operations and on the decisions made for the growth and continuity of the business. The organizations use information systems, customized software and specialized technologies for ensuring that the business operations are managed properly along with reduced time and cost for the accomplishment of tasks. The electronic technologies or e-technologies have enhanced the scopes for reducing the time consumed for completion of a task and at the same time, enhanced the productivity level of the organization, which can automatically influence the operations and processes in business[2]. With the progress in computer systems technology, the business efficiency has improved along with the adaption of the organizational structure with the restructuring departments. This has also helped in modifying the requirements of the positions and furthermore facilitated the addition and removal of jobs. The employees often need training and developmental programs to enhance their skills, knowledge and expertise and they should be taught about the new software programs and equipments necessary for fulfilling the job requirements and even make those fulfill the industry standards[3]. The web based business can automatically create new jobs and specialize in the areas of technology, furthermore implement new forms of technology to retain the job roles and responsibilities that have become obsolete in certain industries. For the employees, the advancement in technology could reduce the time taken for the completion of tasks and improve the efficiency of business operations largely too. The changes in terms of everyday operations could be I the form of upgrading of computer systems and introducing the new information systems for streamlining the operations and at the same time develop an effective customer relationship management system or CRM. The CRM system could provide cloud based computing system for managing the projects undertaken easily and maintain an accurate log of client communication and information required for ensuring successful business operations management[4]. Another major benefit of electronic technologies on the business could be the decision to make purchases and manage the company finances too for ensuring successful business operations for both the small and large organizations. For determining the time frame and scale to add new computer systems and software, it would be impo rtant to understand the weight of improvements based on the perceived added value to the company and furthermore offset the costs through an increase in profit level. By using advanced technologies, the business operations would be easier and this could lower down the cost of operations, furthermore ensure continuity and growth of business rapidly as well[5]. The information technology has created a huge positive impact on the organizations by influencing the business strategy, organizational culture, structure of the organization, management processes and workplace conditions too. The information technology systems have created new scopes and opportunities for the promoting of innovation procedures along with the addition of more features in the products and services. The services could be delivered over the networks, which has created ease in re-sequencing, i.e., parallel processing of the databases along with accessibility and management of information from different sources simultaneously. The time is extended as well, which has created special portability features that has taken the products and services closer to the users and even ensures proper reusability of information[6]. The groupware activities and electronic mail have facilitated the development of a positive culture within the organizations and created changes in the way information flow and are disseminated all throughout. It is an effective way to manage flow and exchange if information and data between the suppliers and customers and it has promoted an innovative culture, where the system developers are keen to become culturally sensitive to the various departments of group wares. The IT has created a flexible and fluid structure, which has not only maintained proper network structures but has also helped in adapting to the changes whenever needed. The management processes are affected as well trough the development of most effective approaches to access information and data from the various sources along with the utilization of external information on the internet and the databases[7]. The group decision support system, on the other hand, has helped in managing meetings through video conferenc es and other virtual meetings for improving the process of decision making and even enhanced the skills of the facilitator and the group members to master the techniques of structured discussion. The nature of professional work is improved through the utilization of advanced technologies, which has not only involved the use of extensive information and knowledge based work, but can also enhance the ability of the workers to communicate with each other consistently. This would enhance the traditional skills of thinking, writing and organizing, furthermore could all0w for the best utilization of Information technology for the researching aspects[8]. This would automatically improve the ability to access information as well as communicate ideas, opinions and knowledge through management of information and knowledge, furthermore make people enough competent in their respective disciplines and IT areas. Within the workplace, the e-technology could reorganize the entire workplace as well as provide better flexibility in terms of working conditions and saving of costs too. The mobile professionals have founded it ease to manage business through mobile phones and even other individua ls have been benefited as they can work from home[9]. Suppliers overcome the threats and risks associated with these technologies The suppliers of the information technology are mainly the individuals who provide the hardware and software components required for the management and implementation of the information technology within the business organizations. The knowledge process considering the application of methods, processing, sharing and exchange of information and data is referred to as the information technology[10]. The suppliers play a vital part in enhancing the efficiency of the new technologies and information systems and also reduces the costs of transactions through electronic data transaction and management of shared databases. This helps in overcoming any obstacles and even improves the ability of the organizations to utilize the Information technology resources, furthermore allow the company to gain competitive advantage in business too[11]. The supply chain members have also invested a large amount of money on the information technology, which has further enhanced the ability to apply new tec hnologies within the supply chains. The collaborative communication of the suppliers has further developed inter-organizational relationships and promoted collaborative communication by holding the distribution channels and supply chains all together. The supplier network governance facilitates the supply chain management by developing a governance system that has been categorized by tasks, coordination methods and authority of the individuals. The network analysts are considered as effective suppliers who manages the configuration of networks to ensure that the IT systems keep the entire network structured and interconnected. With the lower level of integration, the link or connection between the supply chain partners further strengthen and enhances the effectiveness of the supply chain networks[12]. E-technologies have created a positive impact on the e-business as well as overcome the challenges and issues related to the e-health and e-commerce services. There are multiple issues associated with the e-technologies such as server issues, issues regarding bandwidth, security issue and even static and dynamic IP address related issues. Often these issues lower the bandwidth and deteriorate the network connectivity, which further create difficulties in managing the e-business with ease and effectiveness. While utilizing the external Web hosting, the server of the company could experience downtime, which might create server issues as well as take a huge amount of time for managing the network connectivity. A limit is always placed on the bandwidth for the e-business to use[13]. When it exceeds the bandwidth that has been allocated, the host may not be able to provide the option for upgrading to a dedicated server. The dedicated server should be implemented for providing unlimited bandwidth, which could resolve these kinds of issues as well as overcome the problem of moving the entire website to another host. The dynamic IP address consists of a series of numbers that are linked with the domain name. It is shared with multiple owners of the website, which often reduces the flexibility and effectiveness of the e-business websites managed by the companies. The dynamic IP addresses change from time to time, which further reduces the stability of the website while the static IP address is not shared and remains fixed[14]. It is important for the suppliers to purchase the static IP address and keep contact with the web hosting provider or internet service provider. The provider of internet and website hosting must link the static IP address with the e-business domain with the use of ISP[15]. The security issues on the other hand result from the activities of hackers, who are responsible for delivering viruses and malwares and even break into the website dataset to steal the confidential data and information stored there. The suppliers should create a secure socket layer or SSL certificate in the website prior to the purchase made by the companies to ensure that the company website is protected and the data and information could be protected. E-technologies have benefited the e-commerce system and so most of the challenges are associated to those only[16]. The customers services related problems could be overcome by integrating with multiple systems seamlessly for synchronizing the information and data available all across the systems. This would help in accumulating the information and displaying it in a single interface. Conclusion The report showed the various issues and challenges faced by the organizations nowadays that had been using the different types of e-technologies. Few f the major issues faced were lack of security, network connectivity issues due to inappropriate management of servers, static and dynamic IP addresses along with improper synchronization of data and information all throughout. The suppliers could manage these kinds of issues by protecting the e-technologies responsible for e-commerce business through the development of a secure socket layer or SSL and even by setting firewalls t prevent unauthorized access to data and information present in the databases. The organizational structure was influenced as well because with the implementation of new and advanced technologies, it had become easier to conduct the business process reengineering. It had reduced the costs of operations and even managed decentralization to produce accurate results along with the successful implementation of info rmation technology systems too. References Baden-Fuller, Charles, and Stefan Haefliger. "Business models and technological innovation."Long range planning46, no. 6 (2013): 419-426. Cassidy, Anita.A practical guide to information systems strategic planning. CRC press, 2016. Frank, Ulrich, Stefan Strecker, Peter Fettke, Jan vom Brocke, Jrg Becker, and Elmar Sinz. "The research field modeling business information systems."Business Information Systems Engineering6, no. 1 (2014): 39-43. Joshi, Girdhar.Management Information Systems. Oxford University Press, 2013. Kaczor, Sebastian, and Natalia Kryvinska. "It is all about services-fundamentals, drivers, and business models."Journal of Service Science Research5, no. 2 (2013): 125-154. Kim, David, and Michael G. Solomon.Fundamentals of information systems security. Jones Bartlett Publishers, 2013. Lavy, Ilana, and Aharon Yadin. "Soft skills-an important key for employability in the" shift to a service driven economy" era."International Journal of e-Education, e-Business, e-Management and e-Learning3, no. 5 (2013): 416. Lucia-Palacios, Laura, Victoria Bordonaba-Juste, Yolanda Polo-Redondo, and Marko Grnhagen. "E-business implementation and performance: analysis of mediating factors."Internet Research24, no. 2 (2014): 223-245. Lyons, Kelly, and Stephen Tracy. "Characterizing organizations as service systems."Human Factors and Ergonomics in Manufacturing Service Industries23, no. 1 (2013): 19-27. Mohapatra, Sanjay. "E-commerce Strategy." InE-Commerce Strategy, pp. 155-171. Springer, Boston, MA, 2013. Nof, Shimon Y., Jose Ceroni, Wootae Jeong, and Mohsen Moghaddam.Revolutionizing Collaboration through e-Work, e-Business, and e-Service. Vol. 2. Springer, 2015. Rainer, R. Kelly, Brad Prince, and Hugh J. Watson.Management Information Systems. Wiley Publishing, 2014. Schumacher, Markus, Eduardo Fernandez-Buglioni, Duane Hybertson, Frank Buschmann, and Peter Sommerlad.Security Patterns: Integrating security and systems engineering. John Wiley Sons, 2013. 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Thursday, April 23, 2020

Making China Beautiful Shiseido and the China Market Essay Example

Making China Beautiful: Shiseido and the China Market Essay Problem: The chain-store distribution expansion strategy Shiseido is using in China is resulting in increased turnover, sales of counterfeit products and consumption of training resources. Analysis and Evaluation: Shiseido began its movement into China in the 1980s. First there was exporting, then a joint venture and finally, direct investment with the establishment of a manufacturing facility. During this expansion, the company’s goal was stay focused on Chinese culture and to create products especially for Chinese people. This was demonstrated many times; for example, the HuaZi line produced in China for Shiseido had a label on the back of the packaging that made a reference to the technological cooperation provided by Shiseido of Japan. Shiseido wanted to put out the message that the product was a Chinese one created with their help instead of the other way around. In addition, a separate line was created for Chinese women (Aupres) and it was advertised using Chinese models only. This strategy worked very well for Shiseido; in 2003, the Aupres brand represented 60% of the company’s total sales in China. This success led Shiseido to conclude they needed to create a network of chain stores to increase sales and market share. Shiseido introduced the voluntary chain store system in Japan in 1923. The idea was to have stores that would work cooperatively with the manufacturer. There was no franchise fee and the stores were not contractually bound to stay in the network for any specific period of time. Shiseido required the products sold by company provided representatives and that they were given exclusive retail space. This outlet strategy was extremely successful during Japan’s economic boom. The company had as many as 25,000 stores in the late 1990s. In 2003, Shiseido employed the same chain store strategy in China as it had done in Japan. The company established contracts with the stores outlining terms such as pre-payment for product. In return, Shiseido would provide training and support to help the business grow. The company’s goal in China was to promote their high quality product through the best service available, so the expectations for the employees were elevated as well. We will write a custom essay sample on Making China Beautiful: Shiseido and the China Market specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Making China Beautiful: Shiseido and the China Market specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Making China Beautiful: Shiseido and the China Market specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The launch was successful, but problems started to arise. Stores were caught selling counterfeit product, annual turnover (between the department stores and the chain stores) was 30% and training was taking up more time and resources than Shiseido had anticipated. To ensure sustained success, Shiseido can address these issues a few different ways: * Fight counterfeiting through working with the Chinese government to protect intellectual property rights and to find and shut down operations making the knock-off products. Pro: The reduction of counterfeit products increases the protection of the brand. * Con: Shiseido may face resistance from the government since they are a foreign company. * Employ more control over training operations when entering into contracts with chain stores. Provide more intense support to ensure that the staff is properly trained and is on board with the company’s philosophy. * Pro: More thorough training will reduce the turnover rate. Con: This strateg y will require a great amount of resources to be used prior to and during the life of the contract. * Drop the chain stores and stay with selling the product through department stores only. * Pro: Less human resources consumed for training. * Con: Shrinkage of market share due to reduced distribution channels. Recommendation: The company wants to succeed in China with a strategy that is proven in Japan, and this can be done through a training program which they tailor more towards the Chinese people. Shiseido needs to revert back to its earlier goal of keeping the Chinese culture in mind, because this will be an effective way to teach new employees the company’s vision and values. First, research training and reward methods effective with the Chinese and use this to revise the current policies. Second, pre-screen employees using a computer test. Third, permanently relocate experienced beauty consultants to China so there is constant support within the country. These tactics will help reduce the turnover rate, and eventually reduce the amount of intense training resources needed.