Negligent Tort, Various Products, Manufacturers - 275 Words

Negligent Tort, Various Products, Manufacturers (Article Sample) Content: Negligent TortStudent nameInstitution AffiliationInstructor nameCourse title and numberDue dateIn a Situation whereby an individual who owes a particular duty to another, acts as unreasonable or irresponsible person toward the other leading to personal damage or even monetary damages is referred to as Negligent Tort and therefore this act is not deliberate (Speiser, Krause, Gans, 2003).Manufacturers of various products have the duty to produce products which assure healthy safety or any other safety to the consumers. To ensure that this safety is realized, a body in the United States was formed: known as The Consumer Product Safety Commission (US Consumer Product Safety Commission, 1996). It is an independent body of the government which aims at promoting the safety of all consumer products. They achieve this by addressing the risks of injury of the various products, they also coordinate recalls, develops uniform safety standards through a comprehensive research.In i ts bid to control and enhance the safety of consumers, the Commission has for many years recalled products which deemed to be unsafe for consumer use. One of the products which were recalled is known as Blomberg and Summit electric ranges manufactured by Arelik A.S. Company of Turkey with a recall number being 17-159.This product was recalled by the U.S Consumer product Safety Commission (CPSC). The reason which contributed to the recall was that the product poses some hazards in that being an electric range, it can be energized hence posing electric shock and also electrocution dangers to the consumers who happen to touch the product. The product was recalled on the 19th of May 2017 due to the danger it posed to its consumers (CPSC, 2017, May 19).The electric ranges were usually sold in stainless steel, and black, and they included the Blomberg BERU 24200 SS, BERU 24100SS and also the Summit CLRE24 24-inch wide free-standing glass top electric ranges. The design of the product is made in that the lower frame of the product has a label indicated as Blomberg or Summit which is the model name and also it has the 10 digits serial number.Before the product was recalled, on August 2016, one of the consumers of the product who was a 52-year-old professional plumber from Portsmouth died from electrocution when he comes in contact with the energized electric range. The product has been on the market for years, since 2012 and various companies, which include AJ Madison, State Street Discount among other various stores have been the primary sellers of the product. After the product had been recalled, the consumers were advised to cease using the product and also avoid touching it until the repair is done. They were also advised to immediately call the firm which could contact free onsite inspections and repairs.The company which manufactured is liable for the damage caused by the product under the Consumer Protection Act which can also be termed as the law of negligenc e. This is because as per the manufacturer there were no contractual limitations of liability.In respect to product recall, the following terms are explained below;Duty of careThis is a legal obligation whereby an individual is required to adhere to the rules and regulations of reasonable care in that they take with precaution any act they perform so as to prevent any harm to others. Many individuals can venture in various activities and therefore to reduce the risks of harm to the users of the product; it is an obligation to all to ensure they keep the safety of others as the priority in their activities. This is very critical because an act of breaching the duty of care can lead to liability hence being forced to pay for damages caused.In accordance with the Arelik A.S. Company and the other stores which were responsible for selling the recalled product, they should have educated the consumers on the risk associated with the direct contact to the energized electric ranges, and thi s could have minimized the risks of death to the professional plumber.Standard of CareThis is defined as the degree of care which a responsible and prudent person would exhibit regarding various situations or circumstances. Recalling the product was a standard of care in that if it continued to be available in the market, it could have caused a lot of damage and injuries to many including death to the users.Breach of the Duty of CareThis is a situation whereby one bears the responsibility of duty of care towards other people but fails to live to the set standards of care. This is termed as an act of unresponsiveness since the individual just fails or neglects to fulfill the obligation bestowed to them of enhancing safety to the other people. Arelik A.S. Company breached the duty of care because, as the manufacturers, they were responsible for ensuring the manufacture a product which has no risks to users but instead they produced the electric ranges which lead to the death of their product user by being electrocuted.Actual CausationThis describes the substantial cause of the action. This is whereby the breach of the duty of care is the primary cause of damage. The claimant indicates that if it were not for the negligence of the manufacturer the damage couldn't have occurred. Therefore it is evident that the death of the pr...

Global Climate Change Essay - 1129 Words

The believed outcome of Global Climate Change(GCC) by many people is not a good one. However it will not be as bad as 40 foot swell in the sea level, huge thunder storms, or satanic hurricanes. Yes, the world is changing, and changing in ways that we have yet to fully understand. Many people do believe that the current trend of our planets climate will inevitably end in the destruction of the earth as we know it and out of those people most believe it is entirely humans’ fault. The human not the main cause of global climate change or reason for long term GCC. In fact the recent â€Å"increaseâ€Å" in world temperature is just plain wrong. The facts is that the earth’s climate is changing. There is no denying that. It’s always changing. From†¦show more content†¦The Glaciers and snowy mountains are also disappearing. In 1910 Montana’s Glacier park had 150 glaciers compared to today where they now only have 27[Global Warming Fast Facts]. Another thing that is highly affected climate change are Coral reefs they are very sensitive to small temperature changes and the slight gains of PH in the water. The main sign that a coral reef is dyeing is that they will bleach, turn an off-white color. A survey of the coral reefs in 1998 showed some reefs had been 70% bleached[Global Warming Fast Facts]. Many people will point out how the weather seems to be getting worse. For example, there are more and forest fires[Global Warming Fast Facts]. However they are wrong; most forest fires are not a result of the environment changing but by humans and they are getting worse because of humans but not for the obvious reasons. Forest fires are getting worse because we have put them out. Many forest fires that would become big are put out before they get very far but every time a small forest fire gets put out it will mean more underbrush builds up and after years of building up an uncontrollable forest fire starts up and does allot more damage than the lots of little fires would have caused[Discovery Education Classroom Resources]. Some experts will point out heatShow MoreRelatedClimate Change And Global Change1531 Words   |  7 PagesArroyo, executive director of the Georgetown Climate Center at Georgetown Law. We can t lose another four years, much less eight years (Neuhauser). The next Americans President, experts say, may be the very last who can avert catastrophe from climate change which makes it very important for the next American President to give climate change the top most priority. This requires the Presidential candidates to believe in the danger posed by climate change. In addition to this, it also requires theRead MoreClimate Change Is The Global Climate System1369 Words   |  6 PagesClimate is part of our everyday lives. What we experience is the global climate system. According to the United Nations Framework Convention on Climate Change, climate change is, a change of climate which is attributed directly or indirectly to human activity alters the composition of the atmosphere and which is in addition to natural climate variability observed over comparable time periods. (Allen, Seaman Delascio, 2009) Australia’s climate has warmed a lot more since 1910 by the average ofRead MoreGlobal Climate Change And Global Warming1054 Words   |  5 Pagesreally isn t much of a secret that global climate change is happening. From the melting of the polar ice caps, to record severe temperatures, rise in natural disasters, rise in pollution, greater number of vector-borne and water borne illnesses, and much more. Unless there is something done to change the current technology being used to provide energy to the human population global climate change will only continue to get worse. Climate change is the biggest global health threat of the 21st centuryRead MoreGlobal Climate Change : The Global Warming1472 Words   |  6 PagesThe Global Climate Change Currently when human life is growing, human activities impact on the environment and climate to lead to global climate change. Climate change is a problem of the whole world, and that is the big challenge for human kind. So what is climate change? Evolution of how it? Climate change is the change of weather, climate, may be due to human or natural causes. 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Managing the Growth of Small Business Ventures - Free Essay Example

Sample details Pages: 8 Words: 2538 Downloads: 9 Date added: 2017/06/26 Category Statistics Essay Did you like this example? TITLE: MANAGE THE DEVELOPMENT OF SMALL BUSINESS VENTURES 1.1 Inflation is a measure of the change of prices of goods and services over a period of time whereby it has lead to the increase in the price of cheese burger by the producer .and it has lesson the self- esteem of the Burger King to lower there price of cheese Burger.Burger king is forced to raise the price of the burger to increase in producers prices, however there has been no growth in consumer prices. Due to this , Burger king increases the sale but on the other hand they are facing problem in which they are paying more to the producers whereby cutting out on cheese burger for sale will enable them to cover up for the profit of the company. Don’t waste time! Our writers will create an original "Managing the Growth of Small Business Ventures" essay for you Create order 1.2assessment rate Sak strand bag impact business operations The consequence of interest rate on Sak Strandbags business operations has a negative effect as Profit of the Sak Strandbags will be affected massively due to the distribution of the profit in paying the interest rate .however this maybe a negative impact on the company as the controller of the Business might have to think twice before making any changes to the business until the interest rate Is being cleared off as to remain in providing the highest quality of products as to continue in there Success of the business. 1.3assess the implications of unemployment on Max Hamburger restrain business operations if they were to setup in New Zealand The expansion of Max Hamburger in New Zealand will be regardless as a positive move. In which they contribute more to economic growth moreover the company has been on existent for years. The expansion can answer job seekers in a way to be employed in the work market. As restaurant today most youth are employed in this field today as they are more preferred workers, fresh minds and replacement of employed people who have retired from the markets. 1.4 assesses the implications of investment expending on the business operations of Salvadors kiwi food and beverage co. Salvador Company faces difficulties in starting the business but on the other hand they were confident enough to turn it took positive thoughts. After a certain period the demand of the Salvador Company by the customer increase whereby the investment that needs to be taken must be made by the savings and all necessary requirements in order to maintain the profitability of the company. 1.5 Assesses the implications of business confidence on the business operations of glossy pink. The business owner of Glossy pink magazine was confident enough to create and contribute to a common goal and that is to attain customers and provide opportunities to company in regards to sale. They were effective in making results by inviting investors into the company to boast there sale. 1.6 assesses the possible implications of share market fluctuation on business operations of JVR. The share market of JVR Company can end up having a high esteem to the name as the sale system Is very effective. However by dealing with construction products it can provide more to economic stability of the country (New Zealand) , it is well known with a positive prospection in the contribution of sales and attraction of more investment. 1.7.1 Credit Availability is the amount of credit to which a borrower has accessibility in a given period of time. In addition it is the remaining amount after subtracting outstanding balance . However as from the Bank point of view credit availability may have a negative impact on borrower in the future with a positive impact on the current situation . In having innovation in creating new ideals is the most important way in which to reach a common goal of the business. 1.7.2 Gross Domestic Product is the market price of goods and services in a given period of time. In regard to the Wing Zone company they would likely face positive result with the current demand and excellent profitability of the country as the company is small . It can exceed more easily due to the demand. Moreover the company can make a better result in the future. 1.7.3 National Income is the total value or the final output of goods and services. In regards to the case study the company would make effective result whereby it provide more to student in regard to the service provided. In doing so they need to make essential and more availability in a way student can depend more on the service they provide which is the basic needs. Nature of the company will definitely be affected with knocking door on the National Income.is total amount of money earned within a country , in regard to Wing Zone company it could affect the National Income regard to the environmental location of the company and product they sell. It could be necessary basic need of student whereby it is necessary for the University. 1.7.4. Money Supply simply means the circulation /flow of money within the country at a given period of time. However with regards to Wing Zone Company it can be concluded that the company would benefit whereby the Reserve Bank of New Zealand review records in providing quality decision making. 1.7.5. International trade is the Exchange of goods and services with other country in case Wing Zone cannot attempt in regard to international trade but in a way to make the use of internet whereby they could actually sell their product out of the country. Moreover they could actually find market to buy their product in a cheaper price then buying locally. 1.7.6international Share Market system will not affect Wing Zone company whereby it can bring positive outcome due to the increase demand by customer and investor can be innovated with the creation of new ideas to expend the company. 1.7.7 Currency fluctuation- it affect of the company will be expensive and import product will be indirectly affected they can make a lose in importing. 1.7.8 Balance payment although the balance payment is added to the deflect over the past few year but it will rise over the years. Task 2 2.1 disposable income is simply the amount of money households have in to the business after spending and saving on income taxes since the business expanded in a large amount from one person but know they have more than 250 employers know . They also have a good name in the market since they won awards which is benefit for the company any person will love to purchases product them . the company was really hard working as well. 2.2 population trends- the population trend made by the company is really successful since the company has been gone high in the market. They started with really small business but they grew they name in the market by winning awards since young generation like to experience with their beer and this company has 17 different verities of beer recipe which leading the company really high in the market. 2.3 building permits it can really help the company in many since it really well developing in the market. The company can have more option in altering the location of the company and the structure of current location , expand and redesign which will help them by getting more customers into the business . 2.4 business surveys the business survey have research and have collected information on the alcohol industry and they are looking to customers demand and requirement toward the industry. So surveys can really help the business in many ways. Such as meeting customers demand and follow up accordingly to meet it. If the product are meeting the demand of the market the company will really get benefit in increasing of their profit. For that they have to meet the requirement in the industry. 2.5 specialist trade this factor its important in the company since they will be manage to allocate what they are really getting bad in. so the company will be able to manage it again in many ways. For example they can follow up with the marketing in many ways, improve their customer skills and recipe etc. Task 3 case study 9 : biofarm products ltd The biofarm ltd is a company which is specialist in producing natural foods. It is been certified organic since 1986 and second oldest commercial farm still operating. it a multicultural company we can say since most of the worker are not Maori but they respect they culture while they are employed they that company. The whanau, hapu and iwibring which simply mean its the pride of Maori. The business is also getting helping by non Maori workers they bring more ideas in the business and heading the business and they also show equal respect of the culture and back of biofram products in also import and export they product in varies countries. The work get the opportunity to work in this company and earn good money. TASK 4 SMALL BUSINESS LIFE CYCLES CHARACTERISTICS OF THE BUSINESS ACTIVITY DURING THIS CYCLE DESCRIPTION OF RELATED-BUSINESS ACTIVITIES UNDERTAKEN DURING THE CYCLE MANAGEMENT STRATEGIES SHORT AND LONG RANGE PLAN Establishment Generally gives rise to income values added tax. If you making any mistake in the business you will manage to find out and correct the process While establishment you have to do proper plan in terms of sale and marketing Meet the requirements to bring new customers into the business and have lots of back up plans. Decline Consumer taste and technology erode sales Force the product into decline death Sales volume decline. See ways to revive business seeking for help. learn from the mistake and avoid loose Try to recover the weakness and stay in the business to achieve the goals also avoid the looses as well . Circumstance It market structures and characteristic. Meet the business its level ohh standard of their products etc Solving the business problem in difficulty time and making correct and right decision in future to run the same business in the market. Expansion The economic increases the demand for both capital and consumer goods. This is the place business know what is left in there expansion in the business where they carry out the process of expansion in the business. Bring new things into the business develop such as tools, staffs should are well educated in this area and expending the buildings. Growth In growth the market history is short and shifting. Improvement from mistakes. Doing thing more professionally. More attention on the customers attraction While the business is growing you have to keep its standard and demands . Task 5 5.1 The two problem solving method are: a) analogy- this thinking method is away of finding the solution through the comparisons. In this the process is base on the different facets of the problem to other problems which may or may not has similar facets. Analogy can go similarly like this like employer is been late coming to work quite often so how can I get to solve this problem to him to be at work on time. So I might motivate the staff by telling him about time management , the importance of work on time like for example image if he is a working in front officer in a hotel and guest did a wakeup call at 7am and the worker forgets about that. What can be the result if the guest was getting a flight to overseas and he miss out simply the worker have to pay for another flight in return the company wont be in charge in dealing in that case. That a easy lesson he can learn from the hotel staff situation. b) abstraction- is the effective problem problems solving techniques where concepts are used and classified in two types real and concrete. 5.2 identify how the following decision making techniques could help in making a decision about which option to choose to solve the problem 5.2.1 Break even the correct amount of product to sell to get amount you speeded on that product. 5.2.2. Decision tree- it simply shows how one choice leads to the other sits also support tool for the decision made by any company where the results and chance of resources are effectiveness on the company . 5.2.3 Payoff approach its mean the flow of cash in the company who ever are in charge of that data and systematic approach to make right decisions at right time. 5.2.4 Professional assistance- mean where the member are given assistance if the company is facing a professional cases. 5.2.5 Group decision making while making a group decision lot of new ideas will appear in the business and life so you have to focus on importing quality of decision made in groups to mix around your skill in to the business. 5.2.6 Cultural consensus methods- cultural knowledge will help to consider the business its rules and respect which you have to follow in order to fun the business successful certain company have certain rules and regulation. 5.3Formulate at least two (2) strategies which will assist in making a decision and take the appropriate actions. The strategies must consider the cultural appreciation and ethnic values and behavior of the following: 5.3.1 Maori owned operation and operated business the Maori business should studied there business really carefully since they really respect their land and the customer so inflect they will get more ideas by getting more employers in the business of other races who are living in new Zealand. They will gain a lot through import and export product throughout the business. Since outside people will bring more ideas in the business the owners will have bit difficulty in operation to manage the business due to new cultures influences but they have to scarify to run a successful business. To keep they name in the market. 5.3.2 Asian- owned and operated business the chiness and Japaneses are really smart to do they business in this world which everyone knows about it we can see in new Zealand from restaurant to clothing shop there product are really cheap and worth of it. Since they import system are cheap they bring heaps of product from their country and in return they also take product from new Zealand to their country. 5.4You are required to show how you would use the techniques at each stage including your solution to the problem being faced. 5.4.1 Owners who cannot get out of their own way. In some business the business model is focused on making decisions and taking action. Owners can benefits on decision making tree which make business really profitable and better than previous. 5.4.2 out of control growth- which really help the business to look on their future plans and action they want to take it even to keep everything in balance targets to meet there requirements in the business. 5.4.3 operational inefficiencies- to solve the problem company can use decision making techniques like company are paying bit much on their fix cost and need to make nice balance between payments. 5.4.4 dysfunctional management here company are really depended on their worker s to keep secret within the company. Employee should also cooperate with employers to have a success in business. 5.4.5 A declining market solving problem by not breaking the rules and law, dealing with situation professionally and seek help as well.

Reflection On Solitary Self Reflection - 864 Words

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Dialogue: The next week at work after both Gina and Malik’s groups started working together; Gina approached Malik at his desk in the morning. She asked him how his weekend was, politely, and he replied by telling her how he went out on his sailboat for a nice ride around the lake at his cottage. Gina then asked him if he was available later in the afternoon to talk about how they could work more effectively on their project together. Malik was glad that she had brought this up because he had been meaning to talk to her as well. Malik suggested they go for a walk after lunch both so as to get someShow MoreRelated Female Rebellion In Aurora Leigh and The Lady in the Looking-Glass724 Words   |  3 PagesVictorian and early Modernism were restricted from education at universities or the financial independence of professionalism. In both ages, women writers often rebelled against perceived female expectations as a result of their oppression. 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Essay on Modernism in Visual Art and Writing - 487 Words

Modernism in Visual Art and Writing Modernism is unlike any other form of art the preceded it. It began in the late nineteenth century. Modernism is anti-traditional and against the rules. It is about looking for new things instead of accepting the old. Innovation and creation are important aspects of Modernism. It is introspective and subjective. Modernism includes a wide variety of different perspectives and multiple ways of doing things. There is no simple order in Modern works. They are full of discontinuity and fragmentation. Many Modern artists were rebellious because of angst and e’nnui. Modern artists are often considered to be borderline insane. What is the reason for all this craziness†¦show more content†¦For example, T.S. Eliot’s â€Å"The Waste Land† shows what war can do to a nation. Similar to this, Pablo Picasso shows his negative attitude towards war in Guernica. Both works show that a war can destroy everything good in a country. Emily Dickenson wrote poetry about how she felt trapped in her house and in her ways. She wished to be able to experience the outside world and all its beauty. Many artists chose to paint this beauty. For example, Van Gogh’s Sunflowers on Gold and Monet’s Bouquet de Mauves are both pictures of beautiful flowers. Another common theme in art is women. Pablo Picasso’s Woman with a Book and Salvador Dali’s Muchacha de Espalda are two very different pictures of a woman. In each picture, the woman seems to be sad or confused. Similar to this, the stories we read by women portrayed these same ideas about women. During the late nineteenth century, women were not allowed to become what they wanted to be. They were controlled and oppressed. Many writers, such as Dickenson, Virginia Woolf, and Leslie Marmon Silko, and artists used this as inspiration for their creations. It is easy to see that Modernism is a very distinguishable era of art. 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Marketing and Management Contributing to the Development

Question: External Analysis of the market (Macro and Micro) and Internal Analysis regarding Victoria and Albert Museum . Identifying key issues this organization needs to address in developing its marketing activity. Answer: Introduction: Marketing is not about selling product to customer or not about creating demand or changing views of the people, it is a technique by which organisation can communicate with their customers. Marketing a museum is different from any other marketing processes because in this context, the marketing team has to identify the needs of the visitors as well as deliver satisfaction that helps them to enhance their experience. In the contemporary time, Victoria and Albert museum is facing tough challenges from other organisation like them, so they are trying to have a proper marketing planning which will help them in identifying the scope of this company in today's market. This report focuses on the development of a marketing plan for the company with a set of objectives and vision that has been sent by the company. The use of various analytical models has been done to develop the plan for marketing. Situational Analysis Refer to PPT Macro: PESTEL Analysis (Refer to PPT) Micro: Porters Five Analysis (Refer to PPT) Internal Analysis (Refer to PPT) Key Issues that the organisation has to develop for marketing activities: (Refer to PPT) Size and structure of the market: The structure of Victoria and Albert is monopolistic, the museum is large, and it consists of 233,742 objects. The number of books, archives and photographs is near about 2,044,441. The number of display items exceeds 60,124. It has 145 galleries and the museum has covered a land of 12.5 acres. Name of the Museum Total Visitors Reputation (National) British Museum 6,820,686 (2015) Rank 1 VA 3,432,325 (2015) Rank 6 Natural History Museum 5,284,023 (2015) Rank 3 Science Museum 3,356,212 (2015) Rank 6 Figure 1: Pie Chart of Marketing Size of VA (Source: Rentschler and Geursen, 2013) Objective for VA Museum: Figure 2: the objective set for VA Museum (Source: Alexander and Hamilton, 2016, p.1330) The first objective of Victoria and Albert museum should be to enhance its annual revenue and net income and increase the number of visitors within 2 years. S-Specific This above-mentioned objective is specific because it can be described easily and it is observable. M-Measurable It is measurable because one can easily assess or evaluate the value. A-Achievable It is achievable because the museum can easily enhance its annual revenue and net income with the existing opportunities and resources. R-Relevant It is relevant because it is imperative for the museum to increase its annual revenue and income in order maintains its competitive advantage. T-Time-bound It is time-bound because it can be achieved within a specific period. Table 4: SMART objective Table (Source: Created by author) The second objective of Victoria and Albert museum should be to use latest technologies and to provide training to the workers. The management of the museum must place an emphasis on the use of latest technologies in order to improve the infrastructure. S-Specific This above-mentioned objective is specific because it is simple and can be described. M-Measurable It is measurable because one can easily assess or evaluate the value. A-Achievable It is achievable because the museum can easily use latest technologies and train the workers in order to generate superior performance. R-Relevant It is relevant because it is imperative for the museum to use innovative technologies and experienced workers to accelerate performance. T-Time-bound It is time-bound because it can be achieved within a specific period. Table 5: SMART objective Table (Source: Created by author) The third objective should be to lower the price of the tickets. In UK, there are many potential competitors and thus, there is a chance that the existing consumers of the museum may change their preference. S-Specific This above-mentioned objective is specific because it is simple and can be described. M-Measurable It is measurable because one can easily assess or evaluate the value. A-Achievable It is achievable because the museum can easily lower the price of the tickets to attract visitors. R-Relevant It is relevant because it is imperative for the museum to attract more consumers. T-Time-bound It is time-bound because it can be achieved within a specific period. Table 6: SMART objective Table (Source: Created by author) The fourth objective should be to provide adequate information to the visitors about the enriched culture and religion of the country. The management of the museum must focus on educating its visitors to maintain competitive advantage. S-Specific This above-mentioned objective is specific because it is simple and can be described. M-Measurable It is measurable because one can easily assess or evaluate the value. A-Achievable It is achievable because the museum can easily enrich the knowledge of the visitors. R-Relevant It is relevant because it is imperative for the museum to provide valuable information about the enriched culture and heritage of the country. T-Time-bound It is time-bound because it can be achieved within a specific period. Table 7: SMART objective Table (Source: Created by author) The fifth objective should be to keep the museum clean and tidy. The museum must be well reserved and clean so that the visitors can perceive the aesthetic value of the displaying item easily. S-Specific This above-mentioned objective is specific because it is simple and can be described. M-Measurable It is measurable because one can easily assess or evaluate the value. A-Achievable It is achievable because the museum can easily keep its premises clean and tidy in order to attract visitors. R-Relevant It is relevant because it is imperative for the management of the museum to keep it well-reserved. T-Time-bound It is time-bound because it can be achieved within a specific period. Table 8: SMART objective Table (Source: Created by author) Victoria and Albert Museum (VA) was established in 1852 and it achieved an enormous success in presenting artworks in an exhibition. Victoria and Albert Museum has a huge collection of fashion, architecture, photography, painting, sculpture, Asian art, ceramics, jewelers, glass. The aim of the museum is to make all the arts available to a large number of people. The authority of Victoria and Albert Museum always try to make all people aware of the talent of the British designers, who have a contribution in manufacturing such artworks. They want to make all people educated about the history of United Kingdom. It also tries to enrich the lives of people by promoting them entertainment, education and knowledge. They want to attract new visitors and excellent visitors in order to make a profit. They believe that if the people come to this museum and experience such designs and artworks they must feel encouraged to come here repeatedly. Apart from that, the VA wants to achieve international reputation by attracting visitors from different countries. They also focus on improving the economic condition and efficiency of the museum. Therefore, they can give advertisement in such way: The specialty of this museum is the digital designs that can be experienced by the visitors on satellites channels. Another mission of VA is to attract new investors to develop their future growth. Before achieving all these goals and aims, VA needs to develop a proper marketing planning. Before making good marketing plans for VA, it is important to find out the target market and the target audience first. The museum must focus on providing information about each collection, which is present in the museum to meet the visitors expectation. Before making a marketing plan, the management of VA must discuss the business plan with external and the internal stakeholders. As stated by Wickham and Lehman (2015, p.1025), business growth depends on marketing plans. As they want to attract the excellent visitors, it is important for the workers in the museum to know about their culture, behavior and language. Therefore, the workers should be trained properly otherwise, they cannot interact with the foreign visitors. In order to attract foreign investors, it is important to improve the performance and the collections of a museum (Alexander and Hamilton, 2016, p.1330). The management of the museum can use new technologies and they can use big hoardings on busy roads to promote their collection. If the collection can be seen through the internet then visitors can easily see this collection and they must be more interested in visiting this museum. Strategies for the Museum STP Framework: Segmentation: The management of VA museum wants to attract all the people no matter whether they are from different culture, financial status, caste, sex, gender. It also wants to be recognized internationally. In such condition, before making a proper marketing plan to achieve this goal it is important to segment market demographically (Siu et al. 2013, p.300). On the other hand, architect, artists, historian must visit the museum no matter whether they are 25 or 52 years old. Naturally, people with interest about antique pieces, artworks and fashion are likely to visit museums (Robinson et al. 2016, p.210). As per educational segmentation, it has been seen that illiterate people also have an interest in arts and architecture. On the other hand, it is found that well-established people also want to visit the museum to gain knowledge from various things. As VA is a public body, it must be open to all and they can provide an excellent experience to the visitors at minimum cost that can be affordable for all. In such way, all the people would be able to visit this museum as per their financial ability. They should attract all the people from different religion, caste, creed, gender. Targeting: It is important to set a target audience for the museum in order to make a profit and ensure the future growth (Rentschler and Geursen, 2013, p.235). It has been seen that most of the students want to visit the museum but they cannot go out alone. In such cases, often school organizes a trip for museum or parents take their children to visit the museum. So not only the students but also the parents and the schools or schoolteachers should be considered as the target audience of a museum. On the other hand, there are a number of people, who are historians, fashion designers, product designers, architects, artists, jewellery makers, and photographers by profession love to visit the museum (Raj and Griffin, 2015, p.125). They see all the creations like painting, photo, book arts, designs of the jewellery, furniture and get inspiration from them. As a large number of women are likely to wear traditional gold jewellery, so jewellery makers visit the museum and see various designs. Thereafter they use those designs in their creation in order to attract new customers. Photographers also want to visit museum repeatedly because they can find out many exclusive pictures and artworks here. Fashion designers also make new clothes based on antic paintings and artworks on old cultures. Apart from that, foreign visitors must be considered as the target audience. As travelers want to know about the history, culture, creation and heritage of the nation. Therefore, the management of the museum must focus on attracting such target audiences in order to develop their growth. Positioning: The management of the museum should focus on the advertisement and the promotion of the museum to increase the awareness towards the visitors. Through the various technologies such as the web, social media, mobile phones the management of the museum can attract the new visitors from different region and country. They can build their own websites and they can convey all information to the visitors through it. As most of the people use social media and spend most of the time with it, so the management of the museum can upload images of their collections on social sites. In such way, all the people would be more interested in visiting the museum. The authority of the museum should have a tie up with the travel and tourism organisation or school. If the management of the museum offers a discount on the purchase of the tickets and travel then the travelers must enjoy the trip. Ansoff Matrix: Existing Products New Products Existing Markets Market Penetration Product Development New Markets Market Development Diversification Table 9: Ansoff Matrix (Source: McLean, 2012, p.45) Market Penetration Victoria and Albert Museum may develop new products or use its existing products for building up the market share in its existing market. Further, they may employ new strategies to penetrate newer markets such as online markets, and markets that may appease the youth. Market Development In todays world, not including online consumers can be a huge mistake. An online marketing portal may be developed and souvenirs may be sold online. A virtual museum may be created which can be accessible through peoples online profiles. The younger section of the market can be catered to by including interesting activities like music concerts on certain days of the month. Prospective consumers may be informed of the market development through the medium of advertisements. Product Development Guided tours and special exhibitions may be developed and revamped as part of the product development. Celebrities and politicians may be used during these tours and exhibitions to gain popularity. A smarter website may be developed, along with an online portal for selling souvenirs online, and a virtual museum. Diversification A diversification of products and services may be offered through the entrance fee, souvenir shop, cafes, and online sales and activities. The museum may start charging a basic entrance fee. It may also charge a little more money from foreigners for souvenirs and entrance fee. The products and services offered by the cafe may be developed further, and they may be charged at a premium price. This diversification of products and services can prove to be an interesting and profitable marketing plan (McLean, 2012, p.48). Porters competitive generic strategies Cost Differentiation Broad Cost Leadership Differentiation Narrow Cost focus Differentiation focus Table 10: Porters competitive generic strategies (Source: Litchfield and Gilson, 2013, p.110) Porters generic strategy is an effective strategy, which can help Victoria and Albert museum to achieve its competitive advantage. There are various strategies such as cost leadership strategy, differentiation strategy, focus strategy etc. According to the cost leadership strategy, this museum can enhance its profitability by mitigating the cost. Reducing the prices of the tickets can be beneficial for the museum as it can attract more visitors. This museum can maintain its competitive advantage by applying cost leadership strategy. Marketing mix: Place: They can expand their branch in China, as it is a rich cultured country. There are a number of people, who have interest in the artworks, photography, fashion, book arts. Inside of the museum must be clean and clear. It must be well decorated and then the visitors must feel satisfied while visiting the whole place of the museum (Litchfield and Gilson, 2013, p.110). The infrastructure of the museum should be well constructed Product: The VA Museum must offer a large number of antique pieces, architectures, fashion, and jewelers to the target audience. On the other hand, the artifacts should be preserved in an advanced way. The aims of the VA are to be recognized internationally and to attract new visitors towards the museum. Price: The price of the tickets must not be high as it is a public body and government undertaken. The management of the museum must think about the financial capacity of all. They must provide tickets at a minimum price that can be affordable for all. The authority of the museum can provide discount coupons on the tickets in any occasions. Promotion: The management of the museum must give advertisement on television, social media. They can make posters or hoardings and leaflet to reach their target audience. As most of the people are engaged with, the social sites so authority of museum can create great contact with them. There are many people on a busy road so many of them can aware of that information in addition, gets interested in achieving that experience. Students or the travelers would be able to know about the museum when the hoarding must be shown beside schools or travel agency's office (Lewis, 2015, p.155). Apart from that, they can build their own websites and blog. People: Those, who work at the museum they must be trained and well experienced. The workers must know different languages. The travelers, school goers, historians, architects, artists, product designers must be the target audience for the museum. In order to attract them, it is important to provide good behavior towards them (Adriana, 2016, p.50). It is also very important to share all information about the artifacts. Process: Travelling exhibition can attract new visitors towards the museum. Advertising is also an effective way to reach a large number of people. Using advanced technology the management of the museum would be able to achieve their aims. Physical evidence: Whenever all the facilities and comfort is provided to the visitors then they feel interested in visiting the museum repeatedly. These satisfied visitors help to attract new visitors from the different region. When people listen to someone that is sharing their awesome experience than others also want to experience it then they also invest money to achieve those experiences. Conclusion: This study focuses on making a marketing plan for VA Museum. It is found that the mission of this museum is to be recognized to all internationally and make a profit. In order to achieve these goals, the strength and weakness of the museum should be found out by the management. On the other hand, it is found that the historian, designs, artists, photographers, students can be attracted by the huge collections of artifacts. They also fell interested in visiting museum when the management place discounts on tickets. The management of the museum can use advanced technologies such as websites, mobile phones or social media in promoting the collections of the museum. They can make a tie up with travel agencies to increase their popularity towards the people from different country. This study also shows that it is important to provide training to the workers in order to enhance their performance. The workers must know different languages in order to interact with the visitors. Reference list: Adriana, C.D., 2016. Cultural Tourism and Museum Marketing: Contributing to the Development. Strategic Tools and Methods for Promoting Hospitality and Tourism Services, 29(3), pp.49-53. Aiello, L. ed., 2014. Handbook of Research on Management of Cultural Products: E-Relationship Marketing and Accessibility Perspectives: E-Relationship Marketing and Accessibility Perspectives. Hershey: IGI Global. Alexander, M. and Hamilton, K., 2016. Recapturing place identification through community heritage marketing. European Journal of Marketing, 50(7/8), pp.1295-1331. Borza, A. and Pop, I.L., 2014. Quality improvement in museums using organizational diagnosis. Review of Economic Studies and Research Virgil Madgearu, (02), pp.75-103. Chorafas, D.N., 2016. Business, marketing, and management principles for IT and engineering. USA: CRC Press. Chung, T.L., Marcketti, S. and Fiore, A.M., 2014. Use of social networking services for marketing art museums. Museum Management and Curatorship, 29(2), pp.188-205. Del Chiappa, G., Andreu, L. and G. Gallarza, M., 2014. Emotions and visitors satisfaction at a museum. International Journal of Culture, Tourism and Hospitality Research, 8(4), pp.420-431. Del Chiappa, G., Ladu, M.G., Meleddu, M. and Pulina, M., 2013. Investigating the degree of visitors' satisfaction at a museum. Anatolia, 24(1), pp.52-62. Lewis, P., 2015. Museums and marketing. Manual of Curatorship: A Guide to Museum Practice, 32(1), pp.148-159. Litchfield, R.C. and Gilson, L.L., 2013. Curating collections of ideas: Museum as metaphor in the management of creativity. Industrial Marketing Management, 42(1), pp.106-112. McDonald, M.H., 2013. Ten barriers to marketing planning. Journal of Product Brand Management, 5(2), pp.5-11. McLean, F., 2012. Marketing the museum. Abingdon: Routledge. McLean, F., 2012. Marketing the museum. London: Routledge. Raj, R. and Griffin, K.A. eds., 2015. Religious tourism and pilgrimage management: An international perspective. Oxfordshire: CABI. Rentschler, R. and Geursen, G.M., 2013. Marketing and entrepreneurship in the third millennium. The case from art museums. 21(5), pp.225-238. Robinson, P., Fallon, P., Cameron, H. and Crotts, J.C., 2016.Operations management in the travel industry. Oxfordshire: CABI. Siu, N.Y.M., Zhang, T.J.F., Dong, P. and Kwan, H.Y., 2013. New service bonds and customer value in customer relationship management: The case of museum visitors. Tourism Management, 36(2), pp.293-303. Wickham, M. and Lehman, K., 2015. Communicating sustainability priorities in the museum sector. Journal of Sustainable Tourism, 23(7), pp.1011-1028.

Decision Investment In Accounting Software â€Myassignmenthelp.Com

Question: Discuss About The Decision Investment In Accounting Software? Answer: Introduction There are many companies in Australia which are making the use of the accounting software to record and process the business transaction. This software integrates the many functions of the business for conducting the business process smoothly. In the report the process of selecting of the accounting software by the Bakery has been discussed and the way it will help in improving the current process of the business. The report makes the comparison between the different software from different website to meet out the current need of the Bakery. Define business process The B Bakery is the family owned business and engaged in the business over the past 50 years and supplies Bread and confectionary product to the number of different business including supply and food chain. The firm in the past few year has experienced growth in some of the new product range thus felt the requirement of new software to take the business to next level. The current business process of the B Bakery requires the use of certain units such as production, sales, marketing, HR and accounting and finance which coordinate with each other to deliver product and service to the customer. The Supply chain management unit ensures that the production unit is available with the right resources at the right place and right time. The unit also manages the inventory and ensures that the goods and service are delivered to the customer at the right place and right time (Grabski, et. al., 2011). The production unit ensures the goods are prepared as per the requirement of the top level mana gement and makes effort to minimize the wastage of the resources. The account and finance department of the business will manage the financial resources and records all the key financial transaction of the business. The unit records the transaction as per the regulation set by the government and preparation of books of accounts as per the guidelines provided by the regulating authority. The unit also provides the information to different stakeholder to make informed decision in relation to the business. The human resource department of the company makes the arrangement of the human resources to effectively conduct the production and other function of the business (Saracina, 2012). They also fulfill the relevant regulation in relation to the human resources and handle the issue which they face at the time of working. The marketing unit of the company is working to communicate with the customer the benefit which the company is offering through its product and service. The unit is working in coordination with the other unit of the business to deliver a quality product to the customer (Malini?, et. al., 2010). The each of the unit of the Bakery is dependent upon each other and needs to work by coordinating to attain the business goals and objective. If any of the units fails it will affect the overall outcome of the company thus the management needs to equally emphasize over each of the units to attain the growth in the market. In the current situation, the B Bakery is facing the issue with the accounting department which thus fails to manage the existing operation. Therefore the company is planning to acquire new accounting system to effectively manage the growing business expansion. The company is planning to include the certain feature in the accounting system which will assist the management in making a key decision in relation to the business. Develop business requirement Process to be performed The each of the process is important but the B Bakery is lacking in accounting and finance department of the business is lacking. The company has shown the tremendous growth in the product in the past few years but due to certain issue in the accounting department is facing difficulty in managing current business operation (Dameri, et. al., 2013). The company has acquired the accounting expert for bookkeeping but the department doesnt provide the information to the management to make a key decision in relation to the business. Due to the same the company has failed to offer the product to the customer at the competitive price which creates impact over the company current market. The management of the B Bakery will require certain reports from the accounting system which generate some report to assist the management in making the key decision in relation to the business (Shields Shelleman, 2011). The information will assist the management in making a strategic decision which will hel p the company to grow its business. The company in order to meet out the current business need is planning to acquire the new accounting software with the few of the requirement. The company requires that the software assist them in quickly recording and processing information and easy availability of the information. The company also requires that the software should integrate the business process for better decision making. The company also wants that the new software fits with the existing structure of the organization and doesnt require much change in the organization structure. Outcome of the process The B Bakery wants certain outcome from the process which helps the company in attaining better performance in the market by working with a certain key aspect of the business. The company requires the software which makes data entry quicker and the database of the customer supplier and detail are recorded in the effective way (Schiff Szendi, 2014). The company requires that the software automatically production of the reports and document such as invoices, purchase order, credit note, printing statement, profitability report etc. The company also needs to check that the software provides the accurate information and there is no issue in processing the information. The transactions recorded by the company should be automatically updated to provide the updated information to the users of the software. Also, the software should automatically create the backup of the software over the cloud which makes the instant availability of the information to the different user's operation at the different location at the same time. The company requires that the software produces a certain report which will help the management to monitor and control the business such as aged debtor analyze, trading, profit and loss and balance sheet of the company. Also, the software should facilitate automatic creation of the GST/VAT return and the printed information to avoid the error caused by the poor figure (Pulakanam Suraweera, 2010). The software should also assist the company to identify the area where the company lacks to improve the outcome of the business. Also, it will require training the staff to the new skill which can make them feel motivated and less critical to the business operation. The software will also reduce the outcome of the staff timing doing the accounting and reduce the accounting and auditing expenses which will benefit the company in the long run. Also, the software will reduce the frustration of the management as they divert there focus over the key area of the business. The software will also integrate the business process and the system used for the business process which will help the company in earning more revenue (Pfeifer, et. al., 2017). Determine the system requirement There are several accounting features that B Bakery can adopt to achieve their IT requirements. However the best accounting software should necessarily have these features which are as follows: Flexible setup: As the business grows, the operations of the organization become more complex and compound in nature. Supplier of software should be willing to completely customize B Bakery system on their needs. B Bakery should mandatorily discuss how the IT system handles complex business situations, divisions and sites of their business (Woodard, et. al., 2013). They should also focus on discussing the matters like how the software will help in business future growth and expansion. Comparability: Accounting software to be known as good, should have a better-known feature of easy to access reports which can be easily accessible and are comparable across different parts of the B Bakery to analyze and identify the trends. For the comparable feature, the accounting report must have the same measurement unit, belongs to a particular period and also have a common format for making accounting reports (Davidson, et. al., 2010). Comparability is an essential feature of any accounting IT software. For the final analysis, the reports should be in a format of comparing them with the other year reports of B Bakery. Relevance: Any information which influences the decisions of business should be regarded as relevant information. The information must be available on time and having a considerable and enough detailed level of showing diverse trends and comparisons between different units of business and different years that encourages or motivates to level up in the business (Winch, 2014). Relevant information can be used only if it should be provided on time without any error so the accounting software should be in a state in which it should provide error free reports to B Bakery. Integration with other systems: Business units having medium sized operations may be using dozens of systems in the organizations which may be of downgraded technology to the limit that amalgamating their data with the other system is not that easy task which can easily take less time on the upgraded systems. While choosing a provider B Bakery should find the answers to these questions, else they may regret in the future for their decisions. Tensile access levels: B Bakery should remember about the security of their significant and relevant information. For this feature, B Bakery should understand that negligence of employee leads to the high level of data breaches. The access level of the new IT system should be flexible with the staff, employees and other managerial individuals. Unlike other business softwares that are having a very rigid access and security levels like administrator and guest. B Bakery should choose software that allows more flexibility to the employees and staff of the organization like access through number range like 0-100. This approach will allow B Bak ery to differentiate the level and stage of employees with more accuracy something which is very beneficial if they are working with any temporary employee or any intern (Opera II, et. al., 2011). Easy to understand: The IT software should be easily understandable by the employees and the staff of B Bakery. The more guess work includes in work the more, the more vulnerable B Bakery is to error. B Bakery should understand the fact that the accounting software should be easy to understand and has a user-friendly nature so that it has a chance to being implemented in the organization with its full capacity. Ability to handle massive user volumes: It is a difficult task to handle a large no. of users volume for the systems accessing same software. Many software providers restrict the no. of registered users of software on the other hand if more than a no. of handful users trying to get access to the system would result in the slowdown of the IT system. B Bakery is having a good no. o f staff which in term reflects the same problem; B Bakery should definitely approach the software provider about the maximum no. of users that can realistically enter the software concurrently before the system smashes to stop (AccountsIQ, et. al., 2011 Software selection There is a wide range of accounting software available in the market thus the management of B Bakery should make the choice of the accounting software as per the current size and level of operation. The B Bakery is the medium size enterprise thus requires limited feature in the accounting software to effectively manage the business process. The management of the company has visited many of the sites such as XERO, MYOB, QuickBooks, and NetSuite etc., to find the software as per the current requirement of the business. Entry level accounting There are many of the company which is operating at the smaller level such as sole proprietorship and Micro enterprise and requires the software for recording the general accounting information. These organizations require basic accounting function and are easily available over the internet free of cost or at the nominal amount. The many of the retailer uses the software to add coordinate with the existing build in the system. Small to medium level enterprise The B Bakery is the medium size enterprise which requires certain additional feature apart from the basic level of accounting. The company demand generation of the certain report apart from the basic accounting function which assists the management in making a key decision in relation to the business (Trigo, et. al., 2014). At this level, the software performs certain additional function apart from the basic level of accounting as there are many of the users simultaneously working over the software to conduct the business in an effective way. The software also generates a certain report which provides a competitive advantage by differentiating company service from its competitor. Enterprise accounting These organization are big in size and but the software for this enterprise are advanced and robust as the organization has too many transactions. The software is pretty much similar to those of small and medium enterprise and offers an unlimited number of simultaneous users and integrates the different function of the business (Nagel Otterbein, 2015). The software has advanced security feature and is costly in comparison to the basic software Vendor selection The management of the B Bakery needs to make the comparison of the feature of the different software and make the choice of the software which fulfills the existing requirement of the company. The management needs to make the comparison between the various accounting and fianc product to identify the top application as per the specific need of the organization. The current rating of the Sage 300 ERP is 9.3, on the other hand, the QuickBooks enterprise has the score of 9.4. The Sage 300 ERP earned 100% for the users satisfaction whereas QuickBooks entries earned 95%. Basis Sage 300 ERP QuickBooks enterprise General information The software is to help the small and mid-sized business to manage their resource in an effective way through the use of the employee resource planning program. It is the smart software for small size business enterprise to outgrow the entry level accounting program with the familiarity of the signature QuickBooks. Pricing model Monthly payment, Quoted payment Monthly payment and annual subscription Type of the customer Small business and medium size enterprise (Opera II, et. al., 2011). Small business and medium size enterprise a feature of the software Accounting and finance Business intelligence and reporting Inventory management and warehousing Manufacturing Purchasing and supplier management Sales and customer management Reporting and finances Sales and customer management Payroll and employees Advance inventory management Advance pricing strategy Field service management Purchasing vendor User satisfaction The company has created behavior based customer satisfaction algorithm and gather the customer review across the wide range of social media sites. The company has 171 positive social mention and 8 negative responses which are presented in easy to digest form showing how the people responded to the software (Schiff Szendi, 2014). Overview of the software The Sage 300 is the easy to use and comprehensive enterprise planning system and allows the companies to make the use of the function as per their current need (Winch, et. al., 2014). The price of the software is adjustable as per the feature used as per the current business requirement. The product is stable and easily customized And allows the system to records the budget in all the records. The software provides the choice of pre-built and re-defined template to improve the financial operation of the company. The software has the highest security and protection precautions to avoid harm to corporate operation. The software also facilitates storage of the data over the cloud with easy import and export option (Woodard, 2013). The software has the income tracker feature which helps the management to view the transaction in relation to the income. The software also assists in recording the transaction from multiple bank accounts at one place (Machera Machera, 2017). It also combines report from multiple company files and creates the professional financial statement. Also, it facilitates the export of the data to a new file to create the custom report. It also helps in better management of the inventory The software also facilitates better tracking of sales and the customer to better manage the business (Pulakanam Suraweera, 2010). The software also generates key employee information instantly and better management of the payroll and employee. The software has the advanced security feature which prevents the data from theft. Most suitable vendor The B Bakery as per the current requirement of the business should go with the QuickBooks as it is having many customized feature as per the current requirement of the business. The software is easy to use and is customer oriented and even the company without the big accounting department can make the use of the software. Also, the software will help in easily managing the taxes by automatically generating the Tax report as per the requirement of the regulatory authority (Hingorani, et. al., 2015). The vendor is also customizing the product as per the current requirement of the business and to cover all the key financial area. The software is leading in the term of security and adaptability to new technology and can be accessed through any type of modern devices which makes the life of the owner easier. Also, the software has many integration tools which help in increasing the efficiency of the business. The software will save lots of time and increase the efficiency of the business by making the use of shortcut and the other working tool to make the accounting easier. The software direct the company to be innovative towards the product and open thinking as it increases the productivity of the company and motivate the employee to be open towards the innovation to make the company better (Machera Machera, 2017). The B Bakery can go with the QuickBooks rather than much other similar products in the market as the software provide various offers and saves lots of effort and money which can be used for the benefit of the company. The users of the QuickBooks are rapidly increasing and their plan has reached over 10 million of the active customer as it is customer oriented and meeting the rising needs of the new customer. Also, the software has better-automated backup service which keeps the financial data of customer safe and secure thus increases the trust of the users. The software focuses on small business which can earn a higher profit and grow with the use of the software. The software is regarded as powerful and useful software by most of the business and is ideal software for different type and sizes of business (Nagel Otterbein, 2015). The software simplifies the accounting, tracking, and reporting and assists in managing the finance of the business in an effective way thus help to attain business growth. Conclusion So it can be concluded from the above study that the accounting software increases the efficiency of the business by making better use of resources. The report has provided us an understanding of the way acquiring new software will assist the B Bakery in managing its operation in a better way. It has provided us an understanding of the feature required by the company to improve the current efficiency of the business. 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