Green Tree City Case Study (Question 3 only) Assignment

Green Tree City Case Study (Question 3 only) - Assignment Example This entails ensuring good packing and entry for clients and all other users of the building. The accessibility of the building also ensures easy and quick evacuation and rescue operations in time of attacks as well as other disaster like fire and floods (National Research Council, 2001). This makes the accessibility of a building a main concern for owners as it forms a factor in elevating the number of people rescued during rescue operations and increases the building’s safety. The other concern for a building owner is ensuring the building is leased to known parties as a means of reducing chances of leasing arts of the building to terrorists who can cause bombings like in the case study. The person renting, therefore, has to provide documentation and a stated use for the building or art of the building leased. The main reason for this is that the owner has the authority in deciding the lease agreement, hence has the responsibility. The other concern of the owner entails limiting the points of entry to a building as a way to limit unauthorized access to the building. The measures for this include use of not less than eight feet fence along the perimeter, slowing of incoming vehicles through design of the road, use of high security lights protected by wire, to avoid tampering and improve lighting, and the use of anti-ram devices (U.S. Department Security & Federal Emergency Agency, 2013). The importance of these measures includes increased standoff protection against driving in with unwanted materials including bombs and explosives. Limiting access to ventilation system to only authorized personnel also reduces instances of using ventilation systems as channels to spread explosives by terrorists. The erection of electronic security detection devices in all doors and entrances to the building forms the other concern of the owner. Use of glass break censors and closed-circuit cameras surveillance is another securi ty

401(k) Plans :: Finance Financial Money Retirement Essays

401(k) Plans   Ã‚  Ã‚  Ã‚  Ã‚  There are many economic issues facing the nation today. While some are extremely important in determining how the economy is balanced, others are not. Although this is true, that does not necessarily make these lesser important issues obsolete. Take, for example, the recent issue of corporate leaders matching contributors to the 401(k) plan with company stock, instead of with cash. Though this is a relatively National issue, it still greatly affects a large number of people in foreign areas as well as you and me. Because of this effect on such a large number of people, it is necessary that this issue be discussed, as will happen within the next few paragraphs.   Ã‚  Ã‚  Ã‚  Ã‚  In the way that a 401(k) stock matching plan is set up; timing is everything. In a basic 401(k) plan employees put forth a set amount of dollars (usually pre-determined personally by the employee) before taxes are withheld This portion of the employee's paycheck is put toward his or her retirement. What some companies prefer to do in order to make the 401(k) plan more attractive for employees, is to match each employee's investment in the plan by a certain percent. Here is where the problem comes in. Though some companies match contributors either with cash or with a direct credit to the plan, other companies match with corporate stock. According to Richard Sasanow, a former assistant of public communications at Ernst and Young, "many experts consider this to be one of the riskiest investments for a 401 (k)-but may be worth it if you think your company has a great future." (Sasanow, 45) A recent survey shows that 18 percent of all companies made their matching contributions this way. Now for small, fast-growing businesses this would not seem as much of a risk since these companies' stock are generally on the increase. But for some large corporations, this is a great risk for employees since a lot of their retirement money is now based on how well the company does.   Ã‚  Ã‚  Ã‚  Ã‚  Some say that because contribution matching is now based on how well the company does, then employees will strive to do a more efficient job in order to increase the overall stock price of the company, which, in turn, will increase the amount of retirement they will receive. Now the problem of timing comes in again. Mr. Jim Davenport, a Staff Writer for The State Newspaper uses a good example: "An imaginary worker for an oil company was looking forward to retiring at the end of the week. His 401(k) is fat and has been getting fatter thanks to company stock.

Competing with Information Technology Essay

Chapter 2 introduces fundamental concepts of competitive advantage through information technology and illustrates major strategic applications of information systems. Information Technology (IT) professionals must understand how to use IT systems and technology to deliver a competitive advantage to the organization. Information systems and technology should provide more than a cost savings benefit to organizations. Today, IT solutions are expected to provide the means to surpass a competitor’s performance. As discussed in Chapter 1, the role of IT professionals is changing. Currently, there is an evolving term, business technology, which is used to describe the emerging role in IT. IT professionals are becoming more and more integrated with the business operations of an organizations. The Real World Case Study 4, â€Å"IT Leaders: Reinventing IT as a Strategic Business Partner,† describes how one organization is reorganizing to better utilize IT to increase business benefits and contribute to a competitive advantage. It is important for an IT organization to utilize IT to reduce the cost of running the business, grow the business, or develop new services to change the business. To position an organization to better provide its products and services, an understanding of the competitive forces is needed. Michael Porter identifies five threats that require business strategies ensure that an organization can out-perform other competitors. They are: 1. Rivalry of competitors within its industry 2. Threat of new entrants 3. Threat posed by substitute products that might capture its market share 4. The bargaining power of customers 5. The bargaining power of suppliers To counteract these threats, competitive strategies must be developed to address the potential risks an organization may encounter as it strives to maintain its position on the market place. The competitive strategies are: 1. Cost Leadership Strategy 2. Differentiation Strategy 3. Innovation Strategy 4. Growth Strategies 5. Alliance Strategies 6. Other Strategies These strategies can be used either individually or in a combination to position an organization to better compete for the future. An example of an organization that is utilizing IT to change how it does business and remain economically viable in the future is the online magazine Cross Talk. In the 1990’s, Cross Talk was printing and mailing the magazine to subscribers. With a decrease in funding, this organization had to develop ways to reduce costs, deliver its services to its subscribers, grow its subscriber base, demonstrate its value above other on-line content providers, and justify why it should not be eliminated. Cross Talk is now available at its new website in either an online digital flipbook format or PDF version—CrossTalk is now completely electronic. This change reduces their carbon footprint and allows them to bring the journal to their readers in their preferred and most convenient format. This is also CrossTalk’s first step towards reaching new reader devices and enhancing the suitability of the journal for our increasing electronic readership. Customer Value Customer value has become a driving force in the world economy. A key success factor for many organizations is developing customer value by increasing customer loyalty, anticipate their future needs, respond to customer concerns, and provide top-quality customer service. One example is Southwest Airlines. Not only have they automated ticket sales via the Internet, Southwest also sends special offers regarding discounts available at my destination, emails to remind customers that the trip is â€Å"around the corner,† text alerts if a flight is delayed, and offers incentives to fly with them. It seems that Southwest Airlines provides a personal assistant to help make the travel experience more enjoyable. Think about how some of your favorite businesses are creating customer value for you. Internet Technologies Many organizations use Internet technologies to create a strategy to offer fast, responsive, high-quality products and services tailored to a customer’s individual preferences. Internet technologies make customers the focal point of customer relationship management (CRM) and other e-business applications. New technologies such as wikis and blogs are also being incorporated as a means to provide enhanced customer experience. Such communications enable continual interaction with customers by creating a cross-functional collaboration with customers in product development, marketing, delivery, service, and technical support. Television is taking advantage of this capability. TV news shows are reading and answering emails and some reality TV shows allow views to vote for their favorite contestant, preferred ending, or favorite commercial. Using the Internet technologies, business units are better able to shape and offer products and services. Value Chain The value chain is another concept that helps to identify opportunities for strategic information systems. It views an organization as a series of basic activities that add value to its products and services. In this framework, activities are organized into primary and support processes. From the business understanding gained by analyzing an organization’s value chain, the IT organization can determine where to best apply IT systems and technology. The following value chain graphic provides an example of how and where information technologies can be applied to specific business processes to gain a competitive advantage in the market place. Value chain offered by information technologies. Business Reengineering Often times, to remain competitive, an organization must consider more than just where and what IT systems and technology solutions should applied. An organization must look at how it actually does business and then reengineer its business processes. Business reengineering requires an organization to re-design how it does business by eliminating stove-piped, silo organizations and functions, develop an improved understanding for opportunities for information sharing, and instituting enhanced stewardship regarding an organizations data and business processes. Agile Companies The rate of change is increasing and organizations must be able to quickly respond to changing market trends. Standardized, long-lived products and services are giving way to globalized, niche markets which offer products that are individualized and short-lived. To become an agile organization, an organization must consider the following strategies. 1. Provide a solution that customers perceive as a solution to an individual problem. This allows the product to be priced based on value rather than cost to produce. 2. Cooperate with customers suppliers, and other companies to quickly bring the product to market. 3. Thrive on change and uncertainty. 4. Leverage the individuals and knowledge of the processes. Become entrepreneurial in spirit. Knowledge as a Competitive Advantage To remain competitive, organization must become a learning organization. Organizations must be able to capture the knowledge of the organization, learn from this knowledge, and then use it to enhance its offerings. Knowledge Management Systems facilitates an organization’s ability to capture and then utilize its knowledge. Understanding and being able to utilize this â€Å"unstructured date† is key to developing and maintain a competitive advantage. Information capture includes processes, procedures, patents, reference works, best practices, etc. This integration of knowledge helps an organization become an innovative and agile provider of high-quality products and customer services, and potentially a more formidable competitor in the market place. Leaders in information technology are expected to be not only a technology professional but also a business professional. Many are tasked with finding emerging business opportunities, driving growth, encouraging innovation, and engaging customers. This provides a tremendous opportunity for you to step up and co-create and ultimately shape the future business vision. Collaborating with the business will not be enough—you don’t just provide the technology but jointly own the success and failure of business initiatives. IT Portfolio Management and Governance An emerging trend is enhanced IT Portfolio Management and Governance as a means to effectively apply IT systems and technology to business needs. According to Richard Spires, DHS CIO, in his blog post entitled Getting Program Governance Right Helps Ensure Success on the federal CIO Council Web site: Complex IT systems encompass at least a half-dozen stakeholder organizations that must be synchronized, including the strategy organization, the business or mission owner of the system, IT, finance, procurement, security, and privacy. Ensuring all key stakeholders are involved in key decisions is an essential element to assuring genuine alignment. Program Governance Boards provide guidance, decision-making, and oversight of one or more programs. The function of the Program Governance Board is not to usurp the authorities of the Program Manager (PM), but rather to provide a forum by which the PM can bring key issues and trade-off decisions to an informed, empowered body that has a vested interest in that program’s success and views the PM as a trusted advisor and true subject matter specialist. IT organizations must determine where to invest time, people, and money in current and new IT systems and services in order to enhance the value of products and services. To do this, many organizations are categorizing offerings into individual portfolios and establishing a strong governance structure to guide the selection and investment into solutions. Enterprise Architecture Organizations are establishing an Enterprise Architecture (EA) to inform, guide and constrain the investment decisions made by governance boards regarding IT systems. The Federal CIO Council defines EA as: Enterprise Architecture is a strategic information asset base, which defines the mission, the information necessary to perform the mission and the technologies necessary to perform the mission, and the transitional processes for implementing new technologies in response to changing mission needs. An enterprise architecture includes a baseline architecture, target architecture (sometimes referred to an as-is and to-be), and a sequencing plan. An EA identifies which processes and IT systems to standardize and integrate. The benefits of an EA are reduction in IT Costs, improved IT responsiveness, guides the proper selection of IT solutions to ensure the accomplishment strategic business outcomes. The components of an enterprise architecture is described in the figure below: Various layers of an enterprise architecture. (Source: NIST) Conclusion How does your organization determine how to invest in IT? You might see if one of your organization’s senior executives is available for a 30 minute meeting to discuss how the organization determines what technologies to invest in as a corporation. Think about questions to ask. Some examples might be: how is an business need identified? How are IT investments justified? Who are your competitors? If you work for an IT consulting firm, you might as how the company decides what contracts it will bid on. It can be said that our use of IT systems and technology is equivalent to when we were using rotary telephones. As you complete your Masters Program at UMUC, remain watchful of emerging trends in the IT industry, how it will be utilized to gain a competitive advantage, and what impact it will have on the skills needed by an IT professional and the organization structure required to take advantage of the advancements in technology. Trends currently occurring that may be worth watching are: cloud computing, software as a service, virtualization, social networks, and mobile computing. It is through developing learning as a life-long habit, remaining aware of trends in the industry, and understanding the impact that technology has on a company’s ability to compete that you, as an individual, will be able to keep your skills current, agile, and competitive.

Medical Transcription - Free Essay Example

Sample details Pages: 1 Words: 249 Downloads: 9 Date added: 2017/09/23 Category Advertising Essay Type Narrative essay Did you like this example? Exam #02800501 – Penn Foster med trans As an office manager for DMD Medical Supplies, it is imperative that I ensure the company’s dollars are economically spent through the efficiency of my employees. Currently, the company is forced to pay $200 in overtime per month due to what appears to be ineffective time management as a whole throughout my group. Unfortunately I can only adjust the way two of these employees manage their time, as they are the individuals of whom I am in charge. In order to reduce and even eliminate overtime, the workload handed down by the executive team needs to be re-dispersed more evenly between Ruth Disselkoen and Jack Snyder. Jack will now have less free time for longer breaks and late arrivals to work, and Ruth will have enough time for the allotted breaks allowed every day and to get her daily work effectively completed. In order to make Ruth and Jack accountable for overall improved output, I will ask the executives to fill out evaluations based on work quality, efficiency, and effectiveness. These evaluations will be used to reward efficiency on a quarterly basis with the purpose of getting my employees back on track through goal-setting that will not cost the company extra money. It will give them something to strive toward and break the monotony of every day tasks. As their manager, I will be making sure responsibilities are completed through implementing the steps taken for a more efficient office while reducing and eliminating overtime. Don’t waste time! Our writers will create an original "Medical Transcription" essay for you Create order