General Essay Example | Topics and Well Written Essays - 250 words

General - Essay Example 2. How are exchange rebate sums, chain limits utilized in media outlets? Inside media outlets, exchange markdown sums are utilized by allocating cuts on crafted by the business to colleagues, who are encouraging each other on various assignments and exercises (Haines 2007). These limits make up the figures for meeting the costs and bringing them down in an impressive way. Also chain limits are offered when media outlets gives cuts on volume (mass) work processes, and when the need is to have more work at a lesser expense. The exchange markdown sums and chain limits work to great impact inside media outlets in light of the fact that these exemplify the premise of progress for the individuals who work under such systems, and they get the chance to be paid far superior to these limits were presented in any case. Works Cited Haines, Douglas C. Producer and Retailer Power in Retailer Response to Trade Discounts. Institute of Marketing Studies Journal, Vol. 11, 2007

Business report on A service experience for local consumers Essay

Business report on A help understanding for nearby buyers - Essay Example The examination uncovered that there are a few issues with client assistance, item fit, limited time endeavors, stopping, worker inclusion, and stopping of Starbucks. Shockingly, the bundling is the main perspective where there are no protests by any stretch of the imagination. The suggestions proposed in this report incorporate first, offering limits, coupons, free advantages, refunds, premiums, lotteries. Second, increment the volume of limited time exercises. Third, prepare and oversee workers so that they could connect themselves with the organization. Fourth, at off pinnacle one worker must welcome the clients at the entryway and the other must assistance clients with their stopping issues. Chapter by chapter guide Introduction 4 Discussion 5 Target Market of Starbucks 5 Pricing 6 Promotion 7 People 8 Product 9 Process 10 Physical Evidence and Place 11 Recommendations 12 Conclusion 12 References 14 Appendices 15 Appendix # 1 †Questionnaire 15 Appendix # 2 †Respondent # 1 18 Appendix # 3 †Respondent # 2 19 Appendix # 4 †Respondent # 3 20 Appendix # 5 †Respondent # 4 21 Introduction It was in March 1971 in Seattle, when three individuals Jerry Baldwin, Zev Siegl, and Gordon Bowker chose to open their café with the name of Starbucks (Bussing-Burks, pp. 26-34, 2009). The name originated from their preferred novel Moby-dick yet around then they didn't understood that this name would stay confined to Seattle, yet it will lead the hearts and brains of a huge number of individuals all around the globe (Pride and Ferrell, pp. 36-38, 2007). With 2010 income of more than 10.71 billion US dollars, Starbucks is the greatest café on earth. With its 16,858 stores in excess of 50 nations, Starbucks is one the companies that have had the option to endure when its individual brands were flopping because of disclosures of corporate outrages, controls, socially untrustworthy conduct however in spite of experiencing this, it had the option to endure to what it is today (Armstrong et al., pp. 312-317, 2009). At present, Starbucks is working just about 23 stores in different pieces of Australia. This report is an endeavor to investigate, research, and fundamentally inspect the administration experience of the Starbucks shop at 201 Elizabeth St, Sydney, New South Wales. The report would initially begin by attracting lines to feature the objective market of Starbucks in Australia. The report has gathered its information from four unique individuals that fit in the image of Starbucks’s target showcase and have who have as of late been to Starbucks. The information assortment strategy was basically through a meeting survey, which is a piece of this report under the heading of Appendix # 1. Moreover, the reactions of these individuals, in type of the short visual cues and notes are likewise there in the informative supplement area. This report would be significant significance of to the Starbucks administrators of Australia. Fo r as long as not many years, Starbucks has been battling in Australia to deliver similar outcomes that it has been appearing in rest of the world. It was in the year 2000, when Starbucks entered the Australian market with trusts that it would catch the market and become the market head all things considered in the US and numerous different pieces of the world. Significant here to note is this was when Starbucks was contacting its pinnacle. â€Å"Open a store a day and beat the contenders away† was the strategy of the organization (Michelli, pp. 255-256, 2007). Nonetheless, Starbucks before long understood that this model isn't creating the expected outcomes and in mid 2008,

5 Reasons to Invest in a 529 Plan Now

If you've put off saving for college because of other financial pressures, worries over the recession or skepticism about the investment paying off, it's time to reconsider. Some people didn't save for college in the first part of this decade because they were overleveraged, says Peter Mazareas, chairman of the Washington, D.C.-based College Savings Foundation. But the recession has caused some to start saving for the future just as college costs are rising at a staggering rate. "We anticipate there will be a high percentage of people saving," he says. Mazareas and other experts identified five reasons you should join the savers and invest in a 529 right now. The options have increased Saving for college isn't just for those who can withstand taking risks in investing. There also are choices for the investor who avoids risk, Mazareas says. Broadened investment choices in many plans allow those who think of themselves as a conservative, moderate or aggressive investor to find an option, even in an age-based portfolio. "It's intended to appeal to even more investors by offering choices that investors may want that they didn't find in 529s before," says Joe Hurley, a CPA and founder of Savingforcollege.com. One downside is that with more options, there's more confusion for some investors, he says. Fred Amrein, a financial planner with Amrein Financial in Wynnewood, Pa., says investors need to take a proactive approach and be aware of their investment options and risk tolerance. "Just don't put it on auto pilot," he says. The fees have decreased Fueled by increasing competition among the plans for investors, fees are coming down across the board, Hurley says. Some 529 plans had higher fee structures when they were just taking off and the fees were needed for everything from mailing account statements to paying mutual fund managers, says Kathy Kristof, a syndicated personal finance columnist and author of "Investing 101." "As the plans have grown -- and they've grown exponentially -- a lot of those fees have been wrung out of the system by state treasurers," she says. "A whole bunch of (investors) are getting better deals." She says the fee structure is the first thing she advises people to consider when comparing plans. The plans offer major tax advantages The tax savings from investing in 529 plans are often touted as a major benefit, and rightly so. "The 529 plan gives (families) the ability to build earnings on a tax-free basis. That's kind of the no-brainer reason," says Deborah Fox, founder of San Diego-based Fox College Funding. It could be even more important if your state offers a tax deduction for your 529 plan contributions. Most have Dec. 31 as their contribution deadline to claim it on that year's state return. A 529 plan is a great avenue for tax-free investment growth, Amrein says. And with expected increases in tax rates in 2011 and 2012, 529 plans stand to become even more popular as people look for ways to cut their tax bill. Further, the Bush tax cuts scheduled to expire at the end of this year and new taxes that came with health care reform give families more reason to invest in a 529 plan, Hurley says. That's especially true for those in high-income tax brackets. They do what they're supposed to do The 529 investments haven't taken any more of a beating than any other investment in the past two years, say Kristof. "I think they performed exactly the way they were promised to, which is an important thing to keep in mind," she says. "They didn't say they weren't going to lose money. They basically said they were going to mitigate your losses by being diversified. The ones I've invested in have done exactly that." The plans take the money out of your hands and encourage you to invest regularly rather than use the money on a sale at Nordstrom. "That's the biggest benefit I see," she says. It helps people not to mess themselves up." The plan could match your contribution More states are offering matching 529 plan contributions to low- and middle-income families, Hurley says. Generally, families have to apply for the match through a separate application process, and the funds don't become available until the student goes to college. But it could provide a boost to an investment, whether your child is nearing his freshman year of college or just starting preschool. Posted April 30, 2010 If you've put off saving for college because of other financial pressures, worries over the recession or skepticism about the investment paying off, it's time to reconsider. Some people didn't save for college in the first part of this decade because they were overleveraged, says Peter Mazareas, chairman of the Washington, D.C.-based College Savings Foundation. But the recession has caused some to start saving for the future just as college costs are rising at a staggering rate. "We anticipate there will be a high percentage of people saving," he says. Mazareas and other experts identified five reasons you should join the savers and invest in a 529 right now. The options have increased Saving for college isn't just for those who can withstand taking risks in investing. There also are choices for the investor who avoids risk, Mazareas says. Broadened investment choices in many plans allow those who think of themselves as a conservative, moderate or aggressive investor to find an option, even in an age-based portfolio. "It's intended to appeal to even more investors by offering choices that investors may want that they didn't find in 529s before," says Joe Hurley, a CPA and founder of Savingforcollege.com. One downside is that with more options, there's more confusion for some investors, he says. Fred Amrein, a financial planner with Amrein Financial in Wynnewood, Pa., says investors need to take a proactive approach and be aware of their investment options and risk tolerance. "Just don't put it on auto pilot," he says. The fees have decreased Fueled by increasing competition among the plans for investors, fees are coming down across the board, Hurley says. Some 529 plans had higher fee structures when they were just taking off and the fees were needed for everything from mailing account statements to paying mutual fund managers, says Kathy Kristof, a syndicated personal finance columnist and author of "Investing 101." "As the plans have grown -- and they've grown exponentially -- a lot of those fees have been wrung out of the system by state treasurers," she says. "A whole bunch of (investors) are getting better deals." She says the fee structure is the first thing she advises people to consider when comparing plans. The plans offer major tax advantages The tax savings from investing in 529 plans are often touted as a major benefit, and rightly so. "The 529 plan gives (families) the ability to build earnings on a tax-free basis. That's kind of the no-brainer reason," says Deborah Fox, founder of San Diego-based Fox College Funding. It could be even more important if your state offers a tax deduction for your 529 plan contributions. Most have Dec. 31 as their contribution deadline to claim it on that year's state return. A 529 plan is a great avenue for tax-free investment growth, Amrein says. And with expected increases in tax rates in 2011 and 2012, 529 plans stand to become even more popular as people look for ways to cut their tax bill. Further, the Bush tax cuts scheduled to expire at the end of this year and new taxes that came with health care reform give families more reason to invest in a 529 plan, Hurley says. That's especially true for those in high-income tax brackets. They do what they're supposed to do The 529 investments haven't taken any more of a beating than any other investment in the past two years, say Kristof. "I think they performed exactly the way they were promised to, which is an important thing to keep in mind," she says. "They didn't say they weren't going to lose money. They basically said they were going to mitigate your losses by being diversified. The ones I've invested in have done exactly that." The plans take the money out of your hands and encourage you to invest regularly rather than use the money on a sale at Nordstrom. "That's the biggest benefit I see," she says. It helps people not to mess themselves up." The plan could match your contribution More states are offering matching 529 plan contributions to low- and middle-income families, Hurley says. Generally, families have to apply for the match through a separate application process, and the funds don't become available until the student goes to college. But it could provide a boost to an investment, whether your child is nearing his freshman year of college or just starting preschool. Posted April 30, 2010

Analysis Of The Book The Wild By Jon Krakauer

On June 13, 1971, the New York Times headline read, â€Å"Vietnam Archive: Pentagon Study Traces 3 Decades of Growing U.S. Involvement†. Days earlier, Daniel Ellsberg provided the newspaper with excerpts from a 7,000-page classified study that became known as the Pentagon Papers. Just over 20 years later, moose hunters found the decaying remains of an adventurer in the Alaskan wilderness. The remains were concluded to be those of Chris McCandless, an affluent 20-something from Virginia, who wound up dead following his two-year long self-righteous odyssey. Author Jon Krakauer wrote an article on McCandless for Outside magazine, which later disseminated into a novel titled Into the Wild. At a glance, McCandless and Ellsberg may seem like polar†¦show more content†¦Ellsberg’s case was later dismissed due to government mishandling and illegally obtained evidence by â€Å"The Plumbers† who later played a factor in the Watergate scandal and Nixon’s resi gnation. As Wayne’s World hit the silver screens across the US, Chris McCandless perished in an abandoned bus in the Alaskan wilderness. McCandless’ journey began with the purpose of living a minimalist lifestyle and finding his true self. Alaska was the final destination in the 22-year-old’s self righteous odyssey that spanned two years. After graduating from Emory University, McCandless cut all ties with his family and changed his name to Alexander Supertramp. His new identity alludes to his goal to be the superior vagabond as he traverses across the country. McCandless’ motivation for his odyssey was to retaliate against societal norms and live a minimalist lifestyle. Chris led this type of lifestyle to limit attachment and affection that would lead to heartbreak and resentment, and because of this, Chris never created a solid relationship with anyone. Chris McCandless’ journey into the wild was fueled by a disaffection to society’s accep ted norms and his goal to uphold his principles at all costs. Daniel Ellsberg and Chris McCandless share common ground in their natural talent for academia and in their post-secondary educational pursuits. According to Ellsberg’s biography on Biography.com, â€Å"...Ellsberg was also an extraordinarily giftedShow MoreRelatedAnalysis Of The Book Into The Wild By Jon Krakauer1106 Words   |  5 PagesTaste of Adventure Changing your life should not be to run away from your problems; but to do what is best for you. In Into the Wild (1996), Jon Krakauer writes this biographical novel in order to inform readers about a young man named Chris McCandless, who changes his name to Alexander Supertramp, and his identity. Raised in a middle class family with both parents in the suburbs located in Washington, D.C. McCandless is an idealist, intellectual young man who graduated with honors from Emory UniversityRead MoreAnalysis Of The Book Into The Wild By Jon Krakauer1686 Words   |  7 PagesRebellions can have both a negative and positive outcome not matter what the cause. In the book â€Å"Into the Wild†, written by Jon Krakauer, the character Chris McCandless embarks on a journey of ultimate freedom and exemption. Washington and McCandless are similar because they did something most people would not. They both stepped out of the ordinary society and decided to do what they think is best. For ex ample, Washington led the Continental Army against the great British Empire, and Chris left hisRead MoreAnalysis Of The Book Into The Wild By Jon Krakauer1669 Words   |  7 PagesElements of Transcendentalism In the book, â€Å"Into the Wild† by Jon Krakauer, Chris McCandless is an in-the-closet transcendentalist; all of his ethics match up with those of a transcendentalist, yet he never admits he is one. McCandless agrees with all of the components of transcendentalism and follows them unremittingly as soon as he graduates from college, and he lives by those components to a fault, which ultimately led to his death. Deliberate living, nonconformity, and simplicity are three cardinalRead MoreInto the Wild: by Jon Krakauer1186 Words   |  5 Pagessense Krakauers natural liking for McCandless. He was sympathetic to McCandless, based on Krakauers sense of a shared experience in their youth and up until McCandless eventual death and Krakauers perceived near death experience on the Devils Thumb. I believe the author’s main point and perspective was formed from his own experience and relationship with his father. While the situations were basically reversed with Chris not approving of his father and Lewis Krakauer disappointed in Jon for notRead MoreIntrospection in How to Tell a True War Story, and Into the Wild1494 Words   |  6 Pagestext, â€Å"How to Tell a True War Story† Tim O’Brien expresses his thoughts about the true war story and how the war story is changed according to the person who tells it. Jon Krakauer illustrates Chris McCandless’s journey into the Alaskan wilderness and reasons for McCandless’s gruesome death in an isolated place, in his book â€Å"Into the Wild.† O’Brien relates introspection and a soldier’s war story by saying that the war story portrays the feelings of a soldier. A soldier’s war story is not the exact warRead MoreLiterary Analysis of Into the Wild1669 Words   |  7 Pag esLiterary Analysis of Into The Wild Imagine spending thirty days alone in a tent or a cabin in the wilderness with no technology, electricity, running water, and any form of communication. Every day you wake up to the sight of the beautiful, tall trees and the various wildlife living in the area. Most of the time, you can hear the many sounds of nature: the majestic songs of birds, the whistling in the wind, and trees rustling. But sometimes all you can hear is nothing but silence. Most of usRead MoreJon Krakauer Is A Popular American Author1393 Words   |  6 PagesJon Krakauer is a popular American author. Most of his work covers the ventures of outdoor. The harsh conditions of life, faced by the heroic figures of different times. His widely read and distributed books include Where Men Win Glory: The Odyssey of Pat Tillman, Under the Banner of Heaven, Into Thin Air and Into the Wild. After winning the title of bestseller for his earlier account of heroic lives, Jon Krakauer again attempted to write a biography of an outstanding and exceptionally patrioticRead MoreAnalysis Of Chris Mccandlessness In Into The Wild870 Words   |  4 Pagespleasure, and fulfilled his lust for adventure, by tramping around the United States. Rather than living the normal life in civilization, Chris felt his love for nature stated when he abandons his family and lives off the land. Jon Krakauer, the author of Into the Wild wrote the book about Chris McCandless aka Alex Supertramp when he died of starvation in the Alaskan wilderness and made headlines. People around the country voiced their opinion on Chris, some believing him to be brave while others a foolRead MoreEssay on Mountains More Dangerous than Everest1156 Words   |  5 Pagesmountains. Sherpas can function high altitudes, which makes them valuable when they carry climbers bags to the camps for them. Jon Krakauer, a climber of Everest during the 1996 disaster, mentioned that he had to chop ice for three hours without help to use for a dozen gallons of water and some of his teammate would shout for more (157). It was at this point that John Krakauer realized how much the Sherpas did for expeditions. Everest also has a limit on the amount of people per expedition so that overcrowdingRead MoreThe Wild And Ambitious Journey Of Chris Mccandless1202 Words   |  5 PagesInto The Wild Analysis Alexander Supertramp: Personification of Courage The story Into The Wild details the spiritual and ambitious journey of Chris McCandless. Chris McCandless is depicted by the author Jon Krakauer as an individual who grew tired of the social perceptions and all the flavorless interactions that occupied it. Despite the career path that was laid in front of him, McCandless sought something more than what materialism had to offer; He sought enlightenment. Due to the cause that

Hong Kong Is Known For Their Small And Free Economy System

Hong Kong is known for their small and free economy system. They are deemed as the global monetary foundation. Due to the influence of the worldwide economic catastrophe, its economic growth confronts various new trials. As a result, a complete examination of the Hong Kong’s financial growth and their prominent production standing becomes a vital matter. Hong Kong is presently the world’s most service oriented economy, with facilities divisions responsible for more than 90% of GDP. After the Chinese mainland it is measured as the second major beneficiary of the foreign direct investment and it is the third major cause of FDI in Asia, following Japan and Chinese mainland. â€Å"Hong Kong became part of the People’s Republic of China in 1997, but under the â€Å"one country, two systems† agreement, China promised not to impose its socialist policies on Hong Kong and to allow Hong Kong a high degree of autonomy in all matters except foreign and defense policy for 50 years.† (Hong Kong Economy: Population, Facts, GDP, Business, Trade, and Inflation, 2015). The universal suffrage is the critical issue for China currently, which was promised for 2017 by Chinese officials. Even though government officials have power over all land in Hong Kong, small government, low taxes, and light regulation has been beneficial towards their economy. Key businesses comprise monetary services and distribution; production has mainly traveled to the mainland. Hong Kong’s economy has become progressively unitedShow MoreRelatedChina Sea And Pearl River Delta1432 Words   |  6 PagesBACKGROUND Hong Kong, is located on the southeast coast of China, the diplomatic location of Hong Kong on the South China Sea and Pearl River Delta helps it to become one of the world growing and worldly cities (Hong Kong Tourism Board, 2015). Before 18th century, Hong Kong was still an agricultural and manufacturing industries. In early 80’s to late 90’s, Hong Kong lost the comparative advantage in manufacturing as the opening up and reformation of the Mainland China, but the comparative advantageRead MoreWhy A Currency Board Is A Rule Based Monetary Institution1966 Words   |  8 PagesBritish colonies, which included Africa, Asia, the Caribbean, and the Middle East as well as a few other small countries (Walters and Hanke, 1992). This development reached its heyday in the 1940s (Hanke, Jonung, and Schuler, 1993). 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Jardine Matheson and Hutchison were major hongs that led the economy and the Hong Kong ShanghiRead MoreBusiness in Hong Kong Essay7716 Words   |  31 Pagesï » ¿ Global Business Cultural Analysis: Hong Kong Moultre Spencer BUSI 604-International Business August 16, 2013 Presented for Frank Romanoski Abstract Hong Kong is a country with a perspective on morals, values, and administrative ways which is a general reflection of the region of Asia which is based under Chinese rule. There are successes and failures with the process of change which are important. The effects of Hong Kong’s financial crisis can be a recovery with structuralRead MoreHong Kong Independence And Protests3062 Words   |  13 PagesHong Kong Independence and Protests Introduction For about one hundred and fifty years, Hong Kong fell under the political administration of the British rule, their colonial masters. 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Qualitative Research in Accounting and Management

Question: Discuss about the Qualitative Research in Accounting and Management. Answer: Introduction: Westpac Banking Corporation is a banking organization that offers a range of financial and banking services in markets involving business, institutional banking, consumer and wealth management services. The company is primarily involved in the offering of financial services relating to lending, payments, deposits taking, etc. Besides, the company operates throughout Australia, Asia, New Zealand, and the Pacific region. In relation to its current organizational structure, it uses a matrix form of structure. A matrix organizational structure necessitates a specific minimum size to manage the overheads of two chains of management. Besides, companies such as Westpac that has grown to several hundred workforces, is a matrix organization. This structure groups employees by both product and function simultaneously. Furthermore, Westpac frequently utilizes its team of employees to procure the company objectives, to take advantage of its strengths and make up for its weaknesses. This is the reason why recently in 2015, the CEO of Westpac announced a fresh organizational structure of the company that is designed to enhance its customer-oriented strategy. Moreover, two new divisions are being added in the current organizational structure of Westpac that is commercial and business bank, and consumer bank (Westpac Bank, 2015). All these divisions are liable to improve the end-to-end experience of their segments of the customer base. On one hand, while the consumer bank is liable for consumer bankin g products and services, commercial and business bank, on the other hand, is liable for catering small and medium enterprises, equipment and asset finance, etc. Operational problems in the organizational structure In relation to Westpac, since it uses a matrix organizational structure, there can be various operational problems, which might pose a threat to its vision statement. Moreover, since individual departments are liable for hiring and training professionals, and offering them to projects as required, there can be an enhancement in complexities of the companys chain of command. This is because of the variations betwixt such project and functional managers that make it confusing for the employees to understand who is further in the chain of command (Westpac Bank, 2015). Moreover, since Westpac primarily believes in customer satisfaction for the attainment of its goals, it emphasizes a higher manager to employee ratio that can play a key role in creating conflicting loyalties of such employees. In addition, companies like Westpac with huge numbers of employees often incur massive overhead costs in order to maintain its matrix organizational structure (Douma Hein, 2013). This is because th ere will be more collection of information and paperwork in the company that carries huge costs. Besides, most of the employees of the company are qualified specialists, and therefore, they are offered high fees and facilities that increase costs in such structure. Most likely system acquisition method In relation to Westpac Banking Corporation Ltd, since it utilizes accounting software packages like MYOB, the most likely system acquisition method for it will be Enterprise Resource Planning (ERP). Moreover, long-term planning is necessary for such companies while procuring information services and services in order to fulfill its mission statement. This system is beneficial for Westpac with a high business profile because it assists it to collect, manage, store, and interpret information from its diversified business activities. Furthermore, because of varied services provided by Westpac, ERP as a system acquisition method allows it to update the view of its prime business processes regularly through common databases. In addition, the system integrates different organizational systems and facilitates error-less transactions that are very vital for banking companies like Westpac, as it aims for fuller customer-satisfaction. Moreover, such system acquisition methods are more favorabl e for larger businesses like Westpac, as catering to thirteen million customers cannot be done by any other method (MYOB, 2016). However, with due course of time, even smaller businesses have started adopting ERP methods in their businesses for greater efficiency. The flowchart describes the function of the bank in terms of sales and banking function. It initiates when the customers arrive at the bank. This is the initial point and henceforth the stages arrive. The teller asks for the bank id and if the account number is correct then the customer is able to transact with the bank while if the answer appears to be no then some authentication steps need to be undertaken. Such steps are taken to authenticate the client. If any discrepancy arrives then the customers is asked to fetch a clear detail. However, if the details appear correct then the customer is allowed to transact. Control problems and frauds in ERP Although ERP is an effective system acquisition method, yet it faces many control problems that may create a chance of fraud. Firstly, ERP as a system must be updated regularly and unsupported software cannot result in an enhanced efficiency to the users. This is because older ERP software cannot be compatible and integrated with the newer products. As a result, browsers and servers are badly influenced due to the system. Moreover, incompatibility of the software can also result in crashing the system, thereby generating a control problem, and necessitating the requirement of the new system with the due passage of time. Secondly, the system of ERP poses a lack of functionality that has restricted users to access and evaluate their information with the tools that are already available within their systems. Therefore, often users become bound to hold relevant information within tools like Excel that has a higher chance of fraud, as it is external to the ERP system. Lastly, often an ove rlooked ERP software related threat is associated with the delay of companies updating their software. The real problem behind such threat is that up gradation of ERP systems is very complicated and problematic in nature. Hence, the system of ERP not only has control problems but also can pose a risk of fraud. Development and adoption of accounting software package With due course of time, accounting software packages have evolved beyond a mere accounting package to a complete business management tool. With significant improvements in technologies, most of the organizations are now involving with computerized accounting systems. The challenges in the 1990s were that every business system was incapable of communicating with each other in terms of accounting. That is the time when accounting software packages were made to infiltrate ordinary business software. The traditional viewpoint of small business records depicts that it is paper-based. However, in lieu of enhanced competition in the market, accounting software packages have played a key role in changing the nature of businesses. Besides, with the arrival of new technologies, and enhanced user-friendly software, computerized accounting system appears to be the most significant in minimizing the complications in bookkeeping practices. In addition, with the advent of rapid and fresh financial information, new changes and updates can be made easily available to others in their decision-making processes. In relation to the adoption of such packages, constrained startup expenses and other risks are very significant to be determined. Furthermore, efforts and considerable time of clients result from conversions of software and surpass even the most pressing requirement for change. Such changes are likely in the current scenario or rapidly changing technologies, regular development of competing for products that offer significant abilities and improvement, as well as the natural growth of organizations that diversify beyond their current accounting software packages. Therefore, it is useful to know what export or import options and conversions are available. Current Market Size Westpac Bank is one of the major banks in Australia that is engaged in sales, as well as customer service. The Westpac bank not only caters to sales and customer service rather looks after the small to medium enterprise, commercial and business of agriculture. Westpac Bank has spread its arm in the area of wealth management through BT Financial group. Westpac bank holds a significant chunk of interest that is 31% in the investment management of BT group. The revenue of the group stands at $30.19 billion followed by an asset presence of $570.98 billion. Its presence can be traced not in the banking sector but also through the management of funds and insurance needs. It provides numerous ranges of services that pertain to a diverse group of customers. The lending percentage of the company increased 18.5% and market share of the bank stands at 16.5%. The impressive profit of the bank indicates a strong market scenario of the bank. Westpac bank is purely a market leader and that is reflected from the graph projected below. The company has a strong policy when it comes to risk minimization. The dealings overseas are done with ease. The risk management solution provides the skills to manage, as well as reduce the exposure of the currency that caters to the needs of the onshore and offshore. The major competitive advantage reaped by the company is that of doing business in an effective manner. The business and banking needs are emphasized in a clear manner (Horngren, 2013). The skills of negotiation and settlement provide Westpac to have a competitive advantage over other competitors. The process of trading is made smooth that has led to an effective result in terms of relationship and business. A proper transaction method enables the company to hedge risks and eliminates the risk associated with the foreign exchange. Moreover, there is a strong level of transparency that helps in providing a better scenario and r eduction of exposure. Challenges encountered by users or customers of accounting software package In relation to accounting software packages, there are various challenges encountered by users. Besides, accounting problems are generally common amongst those who utilize accounting software packages, which they believe can enhance their accounting operations (Layton, 2007). Firstly, even though in the prevalence of firewalls, lack of appropriate security is the most relevant challenge while using accounting software package. This is because most of the software are accessible by foreign parties, and often the firewall does not assist in solving the problem, thereby creating a situation where users can do nothing (Abbas et. al, 2011). Secondly, most of the accounting software packages are not user-friendly in nature and are hard to customize. This is because there are often system restrictions that prevent users from performing customization according to their preferences. Besides, some of the packages are rather cluttered and complicated to understand, thereby making it challenging to users to avoid unnecessary information and columns on their own (Zissis Lekkas, 2012). Thirdly, most of the users are stressed out by the absence of proper guidance and training in relation to the use of accounting software packages (Basta et. al, 2013). Besides, even in the case of fixing the occurred problems, they have to encounter challenges. Moreover, extra guidance and training often necessitate additional expenses to the users. In addition, provision of contact numbers is also not facilitated on many websites of accounting software companies (Mehdi, 2006). Fourthly, many users are frustrated, as their accounting software package is not entirely compatible with their programs. For instance, a customer might not be capable of importing few dates into his program as the software restricts such action (Lapsley, 2012). Lastly, most of the software packages operate through the internet, and delays are more likely to happen because of the distance of the data center, thereby generating a location problem. Moreover, such technical issues regarding the speed of internet are not predictable in nature and it may happen that in an urgent situation, the internet vanishes (Carroll, 2014). Proper training and education of related personnel can assist in minimizing the challenges encountered by such users because they can further assist in educating the users regarding the issues they are facing in relation to the software packages. Furthermore, use of cloud accounting software like MYOB, XERO, etc, can assist in terminating the challenges of desktop accounting software. Besides, to encounter cloud-accounting frauds, authentication strategies, predicate cryptography, etc, can be used. References Abbas, H, Magnusson, C, Yngstrom, L Hemani, A 2011, Addressing dynamic issues in information security management, Information Management Computer Security vol. 19, no. 1, pp. 524 Basta, A, Basta, N Brown, M 2013, Computer security and penetration testing, Cengage Learning. Brigham, E. Daves, P 2012, Intermediate Financial Management , USA: Cengage Carroll, J.M 2014, Computer security, Butterworth-Heinemann. Davies, T Crawford, I 2012, Financial accounting, Harlow, England: Pearson. Douma, S Hein, S 2013, Economic Approaches to Organizations. London Horngren, C 2013, Financial accounting, Frenchs Forest, N.S.W: Pearson Australia Group. Lapsley, I. 2012, Commentary: Financial Accountability Management, Qualitative Research in Accounting Management, vol. 9, no. 3, pp. 291-292. Layton, T.P 2007, Information Security: Design, Implementation, Measurement, and Compliance, Boca Raton, FL: Auerbach publications. Mehdi, K.P 2006, Emerging Trends and Challenges in Information Technology, Management. Idea Group. MYOB 2016, MYOB accounting system, viewed 25 April 2017 https://www.myobaccountingsystem.com/ Westpac Bank 2015, Westpac bank annual report 2015, viewed 25 April 2017 https://2015annualreport.westpacgroup.com.au/docs/defaultsource/downloads/2015_Annual_Report.pdf Zissis, D. Lekkas, D 2012, Addressing cloud computing security issues, Future Generation computer systems, vol. 28, no. 3, pp.583-592.

Research Paper on Human Behavior Essay Example

Research Paper on Human Behavior Essay Human behavior is an ability of a person to change his actions under the influence of internal and external factors, such as culture, emotions, attitudes, values, ethics, rapport, authority, persuasion, hypnosis, genetics, coercion, etc. Human behavior can fall within common, unusual, acceptable, and inacceptable. More generally, it is the way person acts in his personal life depending on various factors including such as faith, social norms, genetics, attitude, etc. Human behavior, in contrast to social behavior, cannot be influenced by other people or be directed at them, therefore, it can be determined as most basic behavior. Its acceptability is determined by norms worked out within society. Human behavior is available for direct observation and thus is the subject of a wide range of sciences, from psychology, psychiatry, sociology, social work, anthropology, economics to behavioral ecology. The roots of the behavioral sciences dates back to antiquity. Questions in psychology and behavior of humans were also considered by Aristotle, Chrysippus, Socrates, and Plato, however, seriously scientific study of human behavior has become possible only with the emergence of the idea of evolution. Modern scientific discipline devoted to the study of human behavior are closely related and overlap in many ways, and the differences in the objects and methods contributes to a more complete disclosure of the essence of the behavior according different positions. There is currently a set of sciences studying human behavior as a multi-disciplinary area. We will write a custom essay sample on Research Paper on Human Behavior specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Research Paper on Human Behavior specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Research Paper on Human Behavior specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Psychology studies the human psyche, namely the patterns, characteristics, and development of human mental activity. The subject of the psychology of human behavior is, however, psychology has repeatedly changed the subject of it research throughout the long history of its development. Modern psychology is a science developed, based on the achievements of animal psychology, neurophysiology, and other natural sciences. Human behavior topic can be of a great interest for college and university students, who are about to write their first research paper. This topic regards a very wide question of human behavior and thus is very suitable for the beginners having small or no experience or not enough skills. To write a decent research paper on human behavior, you will need to handle a great volume of information, concerning the chosen topic. It is very important to investigate thoroughly all the various aspect of the phenomenon. Study and find relations within the issue. In addition, you will have to present your own ideas and proposition an the topic research. If there are any problems during the process of preparing, structuring, outlining, and composing your research paper on human behavior, we recommend you to look through free sample research papers on different topics in order to get an idea on how to write a good research paper in college or university. At EssayLib.com writing service you can order a custom research paper on Human Behavior topics. Your research paper will be written from scratch. We hire top-rated Ph.D. and Master’s writers only to provide students with professional research paper assistance at affordable rates. Each customer will get a non-plagiarized paper with timely delivery. Just visit our website and fill in the order form with all research paper details: Enjoy our professional research paper writing service! .