Saturday, December 28, 2019

Business Analytics Assignment - Free Essay Example

Sample details Pages: 10 Words: 2864 Downloads: 7 Date added: 2017/06/26 Category Business Essay Type Research paper Level High school Did you like this example? Business Analytics Assignment Introduction A study conducted by IBM revealed that companies who drive analytics tend to do have about 33% more revenue growth and 32% more return on capital invested. The study conducted in 2010 with 1900 CFOà ¢Ã¢â€š ¬Ã¢â€ž ¢s also revealed that respondents decided to use analytics to understand not related correlation between information which cannot be detected manually and it is an absolute necessity that a company have business analytics as one of their top priority (2009 Global Study of 2,500 CIOà ¢Ã¢â€š ¬Ã¢â€ž ¢s). (IBM, 2010) Big Data is the next big break in data warehousing and business analytics. (Minelli, Chambers, Dhiraj (2013) Companies have immense data being produced every day by the company. Keeping a track of all this data to build the business is definitely not an easy task; knowing what a customer needs and striving to fulfill their demands and knowing how to manage the internal functioning of the company; and thus the need for business analytics is felt. A solution of skills, technology and action business analytics studies any given data through statistical and operations analysis, It is the addition of business and technology. Therefore we can conclude business analytics is à ¢Ã¢â€š ¬Ã‹Å"Business analytics means delivering the right decision support to the right people at the right time.à ¢Ã¢â€š ¬Ã¢â€ž ¢ (Laursen Thorlund, 2010) As managers one should understand how to interpret the data than manipulating it. Managers should be able to answer the question, à ¢Ã¢â€š ¬Ã‹Å"why strategy execution unravels and what to do about ità ¢Ã¢â€š ¬Ã¢â€ž ¢. Strategy is the direction and scope of an organization over the long term, which achieves advantage in a changing environment through its configuration of resources and competences with the aim of fulfilling stakeholder expectations. (Johnson, Scholes Whittington, 2005). Strategy a combination of integration of data and the pro cesses of the organization is an aspect which influences business analytics and the structure of the organization. (Shanks Sharma 2011) The crisis today is the information received is not clearly interpreted and that how strategy is not clearly understood by the managers. According to Donald Sull, à ¢Ã¢â€š ¬Ã‹Å"Managerà ¢Ã¢â€š ¬Ã¢â€ž ¢s today measure communication to the number of meetings held or the number of emails and text sent; instead they should focus more on how to structure and lead discussion.à ¢Ã¢â€š ¬Ã¢â€ž ¢ (Sull, 2015) Neglecting the drivers of effectiveness: decision rights and information flow is where organizations fail to succeed in implementing. (Neilson, Martin Powers 2008) Strategy is a picture drafted to run the organization. It is a short term process to handle companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s issues and simultaneously create a competitive advantage in the market. Therefore the need to understand information at a strategic level is a necessity as this influences the development of a strategic process. The inter action between Business Analytics and strategy can be depicted with the help of the four strategic scenarios. These scenarios help an organization understand where their company stands and if they have made the maximum use of business analytics. The four scenarios being: (Laursen Thorlund, 2010) Scenario 1: Separate- No formal link between strategy and BA. Scenario 2: Coordinated- BA supports strategy at functional level. Scenario 3: Dialogue- Dialogue between strategy and the BA functions. Scenario 4: Holistic- Information as a strategic resource. (Laursen Thorlund, 2010) Main body Being an analytical organization is not easy. Organizations face a immense obstacles like the growth of information, an expected increase of 40 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 50% annual growth in the volume of data generated (McHugh, 2012), , The nature of data (structured or unstructured), quality of data, the organizational c ulture. The business analytics framework is built to understand and interpret this data and thus help in the strategy development process. In brief business analytics framework gives the organization an overall idea (systematic evaluation of data) of the information collected on the company and the market they work in. it consists of data integration, analytics, reporting and business solutions.(Panjwani, 2010) Analysis of the data helps in strategy development to mark the performance of the organization. Just analyzing the data and interpreting them to understand if it is accurate and timely would not do the real work. Managers at the strategic level need to make sure action are taken and implemented to overcome the issues. This section will look at the integration between strategy and business analytics under four scenarios as shown in the diagram. (Laursen Thorlund, 2010) Scenario 1 à ¢Ã¢â€š ¬Ã¢â‚¬Å" No formal link between Strategy and Business Analytics. W hen strategy is implemented in this type of organization, they generally tend to overlook the in-depth information received and instead defines target which are measurable (ex. Sales target) along with its support functions without which the organization would fail to overcome its market obstacles. (Laursen Thorlund, 2010) While implementing the strategy, analytics may be used to analyze the progress and achievement of each set of target. In this scenario the feedback is not sent to the strategic level as it reports are analyzed by individual departments. Since the strategic level does not review the analysis so as to come up with a strategy for the betterment of the organization the information does not get processed further. Thereby concluding, in this scenario the degree of intelligence and degree of competition is very low. (Laursen Thorlund, 2010) This scenario is mostly seen in practice in small independent firms like hair dressing salons. In these types of organizations each department has its own strategy and often ends the analysis after receiving the reports on how many, how often and where (ad-hoc basis). This absence of link is noticed since adequate resources and where capital technological investment cannot be allocated in the business. The data received just used to answer material question as mentioned above. (Laursen Thorlund, 2010) When working under this scenario the company will have to be efficient when implementing the strategy, this is because the information received is not strategically analyzed and thus remains inconsistent and unrelated to the other departments of the company which leads to problems in future when the company decided to expand. In a hair dressing salon each employee is seen to undertake different duties varying from styling to cutting to a separate individual managing the finance. In this setting it is clearly seen that there is no interaction between the departments. The individual managing the finance w ould only restrain herself to that particular work and so goes for the other employees working in different department. Each employee handles different number of customers on a daily basis. Their aim is to achieve a certain level of target for each day thus proving the strategy developed in this scenario is short term and there is no link between the strategy and Business Analytics. This strategy implemented by the organization may later obstruct the business from expanding. When a business expands integration of information and an understanding should be developed strategically and implemented. Scenario 2 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Business Analytics Supports Strategy at Functional Level Also known as à ¢Ã¢â€š ¬Ã‹Å"adapted information strategyà ¢Ã¢â€š ¬Ã¢â€ž ¢ (Laursen Thorlund, 2010) the scenario produces reports and supports individual department. It is an interaction with no back flow. The strategic level is who develops the strategy; it is carried out by the functional level later for implementation. the functional level develops sub strategies to meet the main goals stated by the top level management. Thus, information at a strategic level should be understood centrally with regard to the strategic development process. Business analysis monitors individual performance and reports to the department. This information is not passed on to the strategic level. Every department has its own business strategy which is backed by its business analysis to analyze if the targets listed have been met; this is through the technique SMART. SMART technique helps guide employees and keeps track of the goals and targets of the organization. The organization when working under this scenario should have a clear idea on their targets and goals. If not clearly defined they are prone to travel off track resulting in letdown of meeting requirements as stated. (Laursen Thorlund, 2010) The most suitable example for this scenario would be a bank. A bank is known to have many divisions / departments like deposit operations, electronic banking, investment banking, etc. each of these departments have their own business strategy. The supervisors for each of these departments study the data after conducting a business analysis. The outcome is then measured through the technique SMART. S à ¢Ã¢â€š ¬Ã¢â‚¬Å" Specific: Each of the department should have their targets specific and clearly set/defined. This is to be clear on what the department wants to achieve. Having a clearly defined goal will help guide employees thus pushing them to meet the goals. Targets can be in numbers or also can be asked to be in coordination with the other departments. M à ¢Ã¢â€š ¬Ã¢â‚¬Å" Measurable: Targets should be measurable that is when analyzing the information the supervisor should be able to measure the output to know if the stated targets have been met. If targets are stated in numbers, ex. 20% in life insurance policy scheme, it helps achieve target fast er as it is clear. A à ¢Ã¢â€š ¬Ã¢â‚¬Å" Agreed: The targets stated should be accepted by the organization and the department. If any objections the strategy must be reconsidered. If not reconsidered there are chances the employees fail to given in their 100%. If agreed upon it also means the organizations has someone to take up the responsibility of the targets set. R Realistic: goals set should be realistic. Often targets stated tend to face a downfall without even position a chance on meeting success. T Time Bound: targets must be set with a time frame. If no time frame employees tend to have a laid back attitude towards the targets. It is also necessary to have a time bound as it helps in reduction of costs and helps in increase of customer loyalty. Ex. Winter clothes if not sold during winter the company would not gain any profit as they lost out on their customers. Scenario 3 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Dialogue between Strategy and Business Analytics Functions In order to get a Business Analytics function that sustains the strategy function, the organization ensures that both of them in cooperation take part in the learning loop which is assisted when the Business Analytics function is reporting on business targets with the endeavor of improving individual departmentà ¢Ã¢â€š ¬Ã¢â€ž ¢s performance as well as the strategies. This scenario primarily relies on the existence of data warehouse and Business Analytics function to amass and make use of this data, further, being exemplified by an incessant dialogue between the strategy and Business Analytics functions. Additionally, the reporting methods have been given distinguished names, illustrated as scorecards and customer profitability etc. (Laursen Thorlund, 2010) This section concerns information regarding scorecards and Business Performance Management (BPM) solutions which start from a three stage strategy, commencing from benchmarking and relying on analyses the strategy is finally modified. This adaptation along with the capability to deliver pertinent information is the eminence for the Business Analytics function. While delivering the reports, which explain if individual departments are meeting their Key Performance Indicators (KPIs), any deviation between targets and achievements will lead to an action being taken. Hence there will always be feedback between these two keeping the process solemn. The recognition of the alleged à ¢Ã¢â€š ¬Ã‹Å"critical success factorsà ¢Ã¢â€š ¬Ã¢â€ž ¢ corroborates the performance of coordination. (Laursen Thorlund, 2010) The advancement of the strategy is measured on an enduring basis and analyses is done to derive learning which in turn is used to improve the business processes thus known as optimization. Besides, this learning can add to generate learning in terms of strategy for the later iteration. On another note, à ¢Ã¢â€š ¬Ã…“balanced scorecardà ¢Ã¢â€š ¬Ã‚  is a substitute means of operationalizing strategic feedback pro cesses. The internal processes are linked with the development of business. The basis of devising of these requirements in relation with the implementation of a new strategy is the method developed by Kaplan and Norton. (Laursen Thorlund, 2010) British Airways aims to be the worldà ¢Ã¢â€š ¬Ã¢â€ž ¢s leading premium airline (British Airways, 2009). They in 2009 launched a 5 goal plan for the three years. One such program was Compete 2012 where their aim was to keep the spirits alive of the Olympic game. They had to set themselves apart from other airlines to be noticed. Along with this aim they believed to be socially responsible and give back to nature. Their strategic aims were colleagues, customers, performance, excellence, partnership. (British Airways, 2010) Having a clear strategy and implementing it accordingly like the British Airways will help companies help monitor what went wrong, how and why and thus will be able to rectify those errors to prevent further loss due t o the same mistake. British Airway was clear on their goals and their implementation strategy. This helped them analyze their performance in the market and thus act wisely while developing a new strategy in the coming year. (Laursen Thorlund, 2010) Scenario 4 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Information as a Strategic Resource This scenario represents information regarding strategic resource. Market strengths and weaknesses are used to distinguish such ventures which are principally concerning people competencies requisite for the strategy development procedure. A characteristic example would be Amazon.com, where individual customers receive offers after their requirements and purchases are processed. This distinguishing factor makes amazaon.com distinct from other online book shops. This concept of customizing services to local conditions is becoming popular among other retail chains too. Moreover manufacturers are provided with the vital information from the shops with regards to p roduct development, this constitutes to the promotion in the right places. (Laursen Thorlund, 2010) Some definite elements of strategy can be looked upon to distinguish information based strategies. The use of information as a strategic asset will help the organization gain a competitive advantage in the market when analyzed the information procured with the help of business analytics. Information as a strategic asset on culture will scan through the data and identify where the company can gain advantage in the market resulting in a process either top-down that is from the top level management to the bottom level or vice-versa. If the information benefits one department it will be taken as a base to develop the next strategy and thus be implemented within the organization. (Laursen Thorlund, 2010) After the monitoring process the company can use business analytics to understand their deviations and the market along with its competitors and draft a new strategy for the next yea r. The information from the previous year will help the company to analyze where the problem was, what actions are needed to rectify them, why is it happening, what would happen to the company if these trends continue and what will happen in future, gaining a high degree of integration and high degree of competitiveness. Conclusion Therefore à ¢Ã¢â€š ¬Ã‹Å"Information at a strategic level must be understood centrally in connection with the strategy development process and throughout the organization where implementation is carried out.à ¢Ã¢â€š ¬Ã¢â€ž ¢ (Laursen Thorlund, 2010) In this essay various levels of business integration were studied. It is important to understand that each none of these scenarios are better than the other. Organizations strategy, competitiveness in the market, its internal competencies and technological depends on which integrations the company/organization choose. The first scenario was no integration that is no link between strategy and bu siness analytics. This type of integration is usually adopted by small firms like hair dressing salons. This works on a pure ad-hoc basis where only the material questions are just answered and this is if Business Analytics actually exist in the company. In a banks each department, often objectives are specified. This leads us to the second scenario that is Business Analytics supports strategy at functional level. This scenario is relative to business strategy. Information here is not passed to the strategic environment. Dialogue between Strategy and Business Analytics Functions, this scenario is formal in nature. References British Airways. (2009). Annual reports and Accounts. Retrieved March 26, 2015, from https://www.britishairways.com/cms/global/microsites/ba_reports0809/pdfs/Strategy.pdf British Airways. (2010). Annual Reports and Accounts. Retrieved March 27,2015, fromhttps://www.britishairways.com/cms/global/microsites/ba_reports0910/pdfs/Strategy.pdf IBM. ( 2010). Information and Business Analytics Factsheet. Retrieved on March 25, 2015, from file:///C:/Users/Sethu/Downloads/2010%20IBM%20IOD%20EMEA_Factsheet.pdf Johnson, G., Scholes, K., Whittington, R., (2005). Exploring Corporate Strategy. (7th ed.) Retrieved from https://www.scup.org/asset/66171/johnson-exploringcorporate Laursen Gert. H.N. Thorlund J., (2010). Business analytics for managers: Taking Business Intelligence Beyond Reporting. Retreived from https://site.ebrary.com/lib/swansea/reader.action?docID=10399044 McHugh, H. (2012). 12 Big Facts of Big Data. Retrieved March 27 2015, from https://blog.kurtosys.com/12-big-facts-about-big-data/ Minelli, M., Chambers, M., Dhiraj, A. (2013). Big Data, Big Analytics: Emerging Business Intelligence and Analytic Trends for Todays Businesses. https://site.ebrary.com/lib/swansea/reader.action?docID=10643071 Neilson, G., Martin, K., Powers, E. (2008). Secrets of successful Strategy Execution. Retrieved March 26, 2015, fr om https://hbr.org/2008/06/the-secrets-to-successful-strategy-execution Panjwani, A. (2010). Strategic Imperatives of business Analytics. Retrieved March 27,2015, from https://www.slideshare.net/sasindia/strategic-imperatives-of-business-analytics?qid=e0f9e20e-ccb3-42f9-b16b-8d512939acb5v=qf1b=from_search=9 Shanks, G., Sharma, R. (2011). Creating value from business analytics systems: the impact of strategy. 15th Pacific Asia Conference on Information Systems: Quality Research in Pacific, PACIS 2011 (pp. 1-12). https://ro.uow.edu.au/cgi/viewcontent.cgi?article=11153context=infopapers Sull, D. (2015). Why So Few Managers Understand Their Companys Strategy. Retrieved March 23, 2015, from https://hbr.org/video/4013635003001/why-so-few-managers-understand-their-companys-strategy Don’t waste time! Our writers will create an original "Business Analytics Assignment" essay for you Create order

Friday, December 20, 2019

A Research Study On Genetic Engineering Essay - 1403 Words

Genetic engineering is a straight use of an organism s genome by the use of biotechnology. New DNA may be inserted into the host genome by first and copying the genetic material of interest by the use molecular emulating methods to create a DNA order, or by producing the DNA, and then injecting this concept into the host organism. I think in the future 50 years, the use of hormones can enable the production of higher quality carcasses, and increases the rate of muscle development (Bruce, D., Bruce, A., 2014). Use of hormones increases the growth rate of higher-level multi-cellar organisms. Also, the ten key genetic engineering concept, I learned in this class which are: 1 Amino Acids Amino acid involves the organic compounds that are made of hydrogen, carbon, nitrogen and oxygen and in some circumstances, sulfur joined in typical formations. The sequences of amino acids structure proteins. Approximately 500 amino acids are identified even though 20 only appear in the genetic code and might be categorized in several ways. They may be classified according to the central structural useful groups parts as alpha- (ÃŽ ±-), gamma- (ÃŽ ³-), beta- (ÃŽ ²-) or delta- (ÃŽ ´-) amino acids. The other categories transmit to pH level, polarity and side-chain group form included aromatic, acyclic, aliphatic, containing sulfur or hydroxyl. In proteins, amino acids encompass the second-largest constituent of cells as well as other tissues. SeparateShow MoreRelatedA Research Study On Genetic Engineering1042 Words   |  5 PagesGenetic engineering is using molecular biology methods to modify the genetic information of an organism. Its aims include learning about the biology of a n organism and generating new or improved commercial products. Plant biotechnology is manipulating plants specifically to improve agricultural needs. GMOs or genetically modified organisms are organisms modified by genetic engineering to express desirable traits. DNA fragments containing said desirable traits and a means of introducing the DNA toRead MoreA Research Study On Genetic Engineering1735 Words   |  7 Pages Genetic Engineering is a fairly new science field that is used to change the genes that can be located inside of a cell, but it brings many problems along with it. Genes give an individual or species a certain set of traits that can determine its appearance on the inside and outside. The genes can be moved between same or even different types of species. This can completely change an organism’s looks or even allow the scientists to create a whole new type of animal. The animal would then beRead MoreAre Studies in Genetic Engineering and Stem Cell Research Beneficial?1637 Words   |  7 Pagesbasic as a cell phone. One of the most unacknowledged yet productive methods that has become a possibility and surpasses our expectations is the process of genetic engineering and stem cell research. These studies have proven to be a beneficial part to the way people could live and how they could approach life-threatening diseases. When similar studies are first discussed and publicized they appear to not only be impossible but immoral, similar to Victor Frankenstein and what he accomplished; giving lifeRead MoreGenetic Engineering : The Field Of Biomedical Research1710 Words   |  7 PagesGenetic engineering is the latest experimental practice used in the world of biomedical research. This practice refers to humans modifying an animals’ genetic component in order to express a particular trait (Dale et al). The scientific community calls the animals produced by this practice as transgenic animals in order to distinguish between its wild type relative. This innovative technology paved ways for medical breakthroughs, along with the expansion of human understanding towards the mechanismsRead MoreGene Sequencing : Genes And Genes1596 Words   |  7 Pages â€Å"That which we call a rose by any other name would smell as sweet† (Shakespeare, 55), and the reason why is found in the rose’s genome. â€Å"Simply put, it [a genome] is the order in which the letters of the genetic alphabet are arranged along the chromosomal DNA strands. . . .† (Richards and Hawley, 279). Genomes are responsible for the structure, organization, and mechanics of organisms. Due to the precedence DNA has over life, scientists have, for decades, worked to uncover the mysteries found withinRead MoreApplication Of Genetic Engineering On The World1606 Words   |  7 PagesApplication of Genetic Engineering on Taro Adam Mohamed 10/23/2015 Introduction The field of genetic engineering is very promising, pertaining to the future of agriculture around the world. Research in this area is allowing for more and more improvements to the various aspects of a crop such as yield, visual quality, taste, nutritional value, disease immunity, and cold resistance, as well as many other benefits. A further understanding of both the genetics of crops and how to influenceRead MoreGenetically Modified Organisms And The Health Of The Population1177 Words   |  5 PagesGenetic engineering (GE) is the process of modifying organisms, usually to perfect them in some way. This process involves the changing of gene sequences in an organism by inserting different genes from two or more species into the chromosome of the organism being modified (Genetically Modified Food). GE is used in a wide variety of organisms including plants, animals, and, crops. The purpose of using these techniques in crops is to improve the quality of them. GE can yield mult iple benefitsRead MoreThe Issues Of Gene Technology867 Words   |  4 Pages Legislation mainly focuses on HIPAA and the Genetic Information Nondiscrimination Act (GINA). They protect information and prohibit genetic discrimination in health insurance and employment, respectively (â€Å"Genetic Discrimination†). The flaw in legislation is that it doesn’t apply to the nation as a whole. I would revise the GINA to get it to be a federal law and apply to everyone. Introduction Gene technology relates to gene expression, genetic variation, and modifying genes to new hosts. ScientistsRead MoreThe Benefits of Genetic Engineering Essay1108 Words   |  5 Pages The engineering of deoxyribonucleic acid (DNA) is entirely new, yet genetics, as a field of science, has fascinated mankind for over 2,000 years. Man has always tried to bend nature around his will through selective breeding and other forms of practical genetics. Today, scientists have a greater understanding of genetics and its role in living organisms. Unfortunately, some people are trying to stop further studies in genetics, but the research being conducted today will serve to better mankindRead MoreUnit Title: Biochemistry Of Nucleic Acids.(A.C. 5.1 And1583 Words   |  7 Pagesis made up of trillions of cells and each cell has a nucleus, filled inside with chromosomes made of a long string of DNA (deoxyribonucleic acid) wrapped around a special protein called histone (American cancer society 2014). According to Cancer Research UK (2014) DNA by itself is made up of thousands of genes, which are a coded message that tell the cell how to behave and divide. As such if the signals are missing, cells replicate excessively and mutate, forming a tumour, and later, a primary cancer

Wednesday, December 11, 2019

A Study on the Influence of No Approved Therapeutic Claims free essay sample

Rosanni Recreo Sarile Chair, Communication Arts Department Emmanuel F. Calairo, PhD Dean, College of Liberal Arts Abstract De La Salle University- Dasmarinas Dasmarinas, Cavite Title: Influence of No Approved Therapeutic Claims in Dietary Supplements on the Buying Behavior of the Customers of Mercury Drug Branches in Dasmarinas, Cavite. Authors: Cervantes, April E. Vergara, Anna Lou C. , Vidamo, Margielyn L. Degree: AB Communication Date started: February 1 1, 2010 Objectives of the Study Statement of the Problem General Problem Statement: To determine the influence of No Approved Therapeutic Claims in dietary supplements on the buying behavior of the customers of Mercury Drug branches in Specific Problem Statements: Dasmarihas, Cavite. 1 . What is the level of awareness of the customers of Mercury Drug branches in Dasmarihas, Cavite to No Approved Therapeutic Claims? 2. How well do the customers of Mercury Drug branches in Dasmarihas, Cavite understand he No Approved Therapeutic Claims? 3. How does No Approved Therapeutic Claims affect the buying decision of the customers of Mercury Drug branches in Dasmarinas, Cavite in terms of their: 3. We will write a custom essay sample on A Study on the Influence of No Approved Therapeutic Claims or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page a Buying with conviction, 3. b Buying with hesitation, 3. c Postponement in buying, and 3. d Not buying at all? 4. How frequent do the customers of Mercury Drug branches in Dasmarinas, Cavite buy dietary supplements? Scope and Coverage This study focused on the influence of No Approved Therapeutic Claims in dietary Dasmarinas, Cavite. The respondents of the study were restricted to the customers of Mercury Drug branches located only in Dasmarihas, Cavite. It did not include other consumers buying from other pharmacies or drug stores situated in Dasmarihas, Cavite. The study only focused on dietary supplements and not on the other types of supplements in the market. It concentrated only on the buying behavior of the customers of Mercury Drug branches in Dasmarinas, Cavite. It did not concern the other types of behavior and the effect of dietary supplements to the respondents health. The study centred only on the packaging of dietary supplements that has the disclaimer No Approved Therapeutic Claims. Methodology The researchers used descriptive research to obtain information related to the study. It used survey questionnaire as an instrument to get information needed in the study. The researchers conducted and distributed surveys questionnaires using 100 Statistical Boundary as a sampling technique to the customers of different Mercury Drug Branches in Dasmarinas, Cavite_34 respondents in Robinsons Pala- Pala Branch, 33 respondents in Dasmarinas Aguinaldo Highway Branch, and 33 respondents Paliparan, Dasmarihas Branch. The researchers used the Percentage Distribution formula to determine the data of the survey: The formula for he computation of percentage distribution is [pic] The second formula helped in determining the mean of the data. That is the weighted mean. [pic] With the aid of a statistician, the researchers got the results of the survey of the study. From the results, the proponents based the conclusion of the study. Major Findings Based on the result of the survey, it shows that most of the respondents are aware of No Approved Therapeutic Claims. They understand its meaning and it also affects their decision of buying dietary supplements. Therefore, they agree that they are hesitant to buy dietary supplements. Their opinion is neutral when asked about their determination to buy dietary supplements. They agreed that No Approved Therapeutic Claims has an effect to their buying decision. For the topic, frequency of buying dietary supplements, most of the respondents answered that they do not buy dietary supplements followed by they buy it once a month. Conclusion: 1 . No Approved Therapeutic Claims has an influence on the buying behavior because most of the customers are aware of the disclaimer and they understand its 2. They also agreed that it affects their buying decision. It was found out meaning. hat the customers conviction to buy is only on neutral. They agreed that they are hesitant to buy dietary supplements with the disclaimer. They also agreed that they postpone buying dietary supplements and a great percentage agreed that they do not buy at all after seeing the disclaimer. 3. Moreover, most of the customers do not buy dietary supplements. Recommendations: 1 . This study should be used as a source of information for Advertising and Marketing students because of the data presented are related to the course. . Future researchers can include different media tools as they are usually used in dvertising and it is also important to have the profile of the respondents to know its relation to the influence of the disclaimer No Approved Therapeutic Claims. 3. Advertising agencies must have strategies to convince the customers to buy the products since, disclaimer influences the buying behavior of t he customers. List of Figures: 1. Figure 1. The conceptual Paradigm of the Study 2. Table 1 . The awareness of No Approved Therapeutic Claims indicated on the dietary supplements 3. Table 2.

Wednesday, December 4, 2019

Information Systems Implementation Essay Example For Students

Information Systems Implementation Essay Company provides auto insurance coverage for licensed drivers in the state ofIndiana. The companys headquarter is located in the city of Speedway where ithas two strategic business units located at the cities of Waterloo and Corydon. In all, BWAIC employs approximately 150 people with internal departmentsconsisting of the Policy, Claims, Payroll, Personnel, and Insurance Agents. Currently, BWAIC insures 50,000 policyholders statewide. Last year, BWAICsnet profit was $875,000. With certain state regulations, along with relatedsocioeconomic impacts, the company expects an increase of new policies tounderwrite. Accordingly, BWAIC is interested in positioning itself in the marketwhere: 1) Internal exchange of information is efficient, 2) It improves itsCustomer Service, 3) Share information with external business contacts. PROJECTOBJECTIVE To stimulate a vision within the company of leading the market incustomer service through an efficient information system and to utilize the mostcurrent technologies at lowest possible cost. EXPECTED BENEFITS Internal: Animproved information process where business applications provide intelligentsolutions, secured data, and improved communication exchange between units andoffices. External: To provide an advantage over the market where theinteractions between the company and its external business environment producescustomer s atisfaction. Accordingly, this will have a positive impact on customerservice where efficiency on the point of contact, through the lifetime of thepolicy, is evident. SYSTEMS PROFILE Currently, BWAICs network setup doesntprovide an efficient exchange of information between its key departments. Eachdepartment utilizes their own business transaction system within a mainframeenvironment. This input-output process performs the processing of their businesstransactions. The departments: Policy, Claims, Personnel, Payroll, Legal andInsurance Agents, have varying application needs. Likewise, they share a commoninterest to achieve the best customer service possible. The Policydepartment has users that perform the administrative and technical type of workas it relates to underwriting insurance policies. The Claims department hasusers that perform calculations for the reserves of claims. They review thepotential liability costs involve in customers claims. The Legal departmentrelies heavily on an efficient exchange of information. The Personnel, Policyand Legal are information oriented departments. Claims and Payroll, on the otherhand, relies heavily on accurate calculations of fiscal data. It is reportedthat the current databank is reaching its capacity. The current system is alsoinhibiting their customer service where the turnaround to process a claim takesabout 90 days. The strategic locations of the Business units also contribute tothe problems of the current system. The mainframe system negatively impacts thecompanys ability to reach out to their customers. The Insurance Agents arelimited to the office in terms of processing new clients. Under the mainframesystem, the structure of the database is costly to maintain and support. Also,it limits the companys ability to intelligently process their information andexchange them with their external business environment. RECOMMENDED SOLUTIONSThere are a variety of systems available in todays market. Costs will dependon the companys desire on long-term solutions. In todays informationenvironment BWAIC needs to position itself to compete with other insurance firmswith an advantage of having the best technological tools. An efficient systemwill produce satisfied customers and intelligent employees. This change ininformation culture will allow the company to utilize their resources moreefficiently where performance reports and external data help the managers makeintelligent business decisions. It is without reservations that I recommend thefollowing solutions for the BWAIC: Network Planning of the backbone and thenetwork foundation is vital to the success of this project. It is recommendedthat a Client/Server network is implemented through a TCP/IP protocol. Eachoffices will operate as Local Area Network (LAN) connected together as a WideArea Network (WAN). Each office and users will have the ability to exchangeinformation instantaneously. This configuration will produce the best andsecured environment fo r which powerful machines (Server) produce and process theinformation to the users (Client) of the information. The backbone (Bandwidth)have to support the type of data that will travel between the offices andthrough the customers. Each department will utilize their own groupware thatwill process their information. This information system will be accessible viaremote access to allow mobility and flexibility for managers to strategicallyposition their resources and staff. To supplement this, it is recommended thatan Intranet is put in place so as to allow information to external businesscontacts and customers via Extranet. The Intranet solution will also be themethod that will enable E-Commerce activity and gain a market advantageConversion of the database to a Relational Database .u4aafcac6caf62e0251d1b641ce5c7e4f , .u4aafcac6caf62e0251d1b641ce5c7e4f .postImageUrl , .u4aafcac6caf62e0251d1b641ce5c7e4f .centered-text-area { min-height: 80px; position: relative; } .u4aafcac6caf62e0251d1b641ce5c7e4f , .u4aafcac6caf62e0251d1b641ce5c7e4f:hover , .u4aafcac6caf62e0251d1b641ce5c7e4f:visited , .u4aafcac6caf62e0251d1b641ce5c7e4f:active { border:0!important; } .u4aafcac6caf62e0251d1b641ce5c7e4f .clearfix:after { content: ""; display: table; clear: both; } .u4aafcac6caf62e0251d1b641ce5c7e4f { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u4aafcac6caf62e0251d1b641ce5c7e4f:active , .u4aafcac6caf62e0251d1b641ce5c7e4f:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u4aafcac6caf62e0251d1b641ce5c7e4f .centered-text-area { width: 100%; position: relative ; } .u4aafcac6caf62e0251d1b641ce5c7e4f .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u4aafcac6caf62e0251d1b641ce5c7e4f .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u4aafcac6caf62e0251d1b641ce5c7e4f .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u4aafcac6caf62e0251d1b641ce5c7e4f:hover .ctaButton { background-color: #34495E!important; } .u4aafcac6caf62e0251d1b641ce5c7e4f .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u4aafcac6caf62e0251d1b641ce5c7e4f .u4aafcac6caf62e0251d1b641ce5c7e4f-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u4aafcac6caf62e0251d1b641ce5c7e4f:after { content: ""; display: block; clear: both; } READ: Why Censorship is bad Essay