The Development of Barrier to Entry in B2B Markets. The Case of Dissertation

The Development of Barrier to Entry in B2B Markets. The Case of Russian Underground Construction Industry - Dissertation Example Concerning this, a subjective exploration was started utilizing individual meetings among the board administrators from ten burrowing/underground development organizations, both neighborhood and outside, inside Sochi, St Petersburg and Moscow urban communities. These urban communities have been picked as they are the ones encountering solid development in underground development inside Russia right now and accordingly will in general have impressive number of burrowing organizations. The specialist by and large created members based on closeness, straightforward entry, and eagerness to partake under the rule of non-likelihood inspecting. Ecological supportability is seen as the most conspicuous preferred position of underground development. ... particle, and trouble in beginning the mining procedure, however basic investigation and point by point arranging are critical to avert the likely challenges related with underground development. Creation the executives and presentation of new advances and interest in most recent hardware and machines were discovered pivotal with respect to development organizations to guarantee serious edge over their rivals. Boundaries to underground development industry incorporate the need to re-appropriate high capital, utilize cutting edge innovations and secure government licenses. These make it harder for new, especially little contestants to infiltrate into the business realizing that the enormous organizations have more extensive opportunity to investigate promoting, and obtain gear, wages, and innovative work. Reacting to the progressions related with the presence of these obstructions was found as significant move among organizations in underground development industry. These progressions essentially incorporate advancement of development strategies, fitting utilization of arranging, usage, assessment and control. Russian government was discovered not a striking boundary to likely contestants, yet the set guidelines by the administration specialists could front plausible hazard factors before effective passage. Because of deficiency of talented specialists in the underground development industry, there is a need to re-appropriate human asset, and utilize remote accomplices, yet one significant move to guarantee profitability and serious edge is to permit labor to experience supplemental classes and propelled trainings to keep them side by side of the new advances and procedures utilized in the business. Underground development organizations additionally found that advancement and creation are likewise significant contemplations to remain at the degree of serious

The Effectiveness of Special Weapons and Tactics Teams (SWAT) Essay - 1

The Effectiveness of Special Weapons and Tactics Teams (SWAT) - Essay Example This exposition portrays the Special weapons and Tactical groups law authorization that began with ensuring the prosperity of cops in the United States, as they did their obligations of â€Å"serving and protecting† the general population. Being ready to remove trouble makers productively without mass commotion and making inadvertent blow-back, was the trademark for the formation of the groups. Regardless of whether one is an advocate or a spoiler of the presence of SWAT groups, they should strike a similar rope when stood up to with the issue of the importance of the groups proceeded with presence. Specialized squads have done some flawed things, and they have achieved numerous beneficial things. Before we toss out the child with the shower water, we should impartially evaluate the circumstance and pose the inquiry. Is it true that we are in an ideal situation today with SWAT groups, than we were without them? The analyst of this article accepts that we are certainly happier, and what is required is that a lot of thought must be coordinated to how, these groups can be better used, while they are waiting hanging tight for the afternoon, when they will be expected to serve in the limit with regards to which they were initially considered. It is usually held that a decent offense is superior to a decent barrier. In any case, to summarize the specialist expresses that we realize that city police offices left to their customary arms stockpile and theory, are not prepared enough to deal with the some of kinds of showdowns which the miscreants can compose.

Diversity Essay Samples

Diversity Essay SamplesA diversity essay sample, or 'homework' for college-level assignments, is a collection of material that is designed to cover a wide range of topics regarding an issue which faces the community. These essays do not normally focus on only one race or gender; they are comprehensive in covering issues relevant to the student's field.It is up to the student needs to determine which topics are most important to the student and what the best way to cover them is. Although there are many diverse topics that might interest the student, they will not be covered thoroughly in a single essay or chapter. Diversity topics can include but are not limited to; racial, cultural, sexual, economic, political, and religious issues.The purpose of diversity essay samples is to provide the student with the material necessary to create a valuable essay that also presents the perspectives of others in the community. It should look at various opinions from various points of view. This wi ll result in the best possible student essay.Diversity essay samples can contain chapters written from the perspective of a small group of students. For example, a chapter might focus on a group of students in a high school. A chapter on the viewpoint of a minority student might also be included. A diversity chapter might also discuss an issue that is relevant to the student's work or studies.However, a chapter should never be written from a single point of view, nor should it always discuss only one particular area of diversity. A diversity chapter should be a collection of different views. Such diversity chapters are often referred to as a diversity anthology.Diversity anthology chapters may also include critical essays by respected academics. This serves as a perfect source of different opinions on the topic at hand. The diversity essay samples also often contain essays from the general public.There are two distinct methods used to make such diversity essay samples. These methods include; document extraction, and empirical research. Document extraction involves reading the essay samples from the perspective of a student; that is, focusing on a specific aspect of the student's life.Abstract level diversity essay samples may cover issues not directly related to the student's work or studies. They may cover cultural issues such as, African American social studies essays, or the possible effects of college testing. Examples of these essays might include; parents who choose to raise their children with different values and beliefs, or students who view themselves and the black community in a more positive light. These essays can be related to any major issue pertaining to diversity or minority groups.

Chapter 33 Nursing Management Hypertension - 3539 Words

Chapter 33: Nursing Management: Hypertension Test Bank MULTIPLE CHOICE 1. Which action will the nurse in the hypertension clinic take in order to obtain an accurate baseline blood pressure (BP) for a new patient? a. Deflate the BP cuff at a rate of 5 to 10 mm Hg per second. b. Have the patient sit in a chair with the feet flat on the floor. c. Assist the patient to the supine position for BP measurements. d. Obtain two BP readings in the dominant arm and average the results. ANS: B The patient should be seated with the feet flat on the floor. The BP is obtained in both arms, and the results of the two arms are not averaged. The patient does not need to be in the supine position. The cuff should be deflated at 2 to 3 mm Hg per second.†¦show more content†¦Increasing fluid intake may counteract the effect of the medication, and the patient is taught to use gum or hard candy to relieve dry mouth. The BP should be taken in the nondominant arm by newly diagnosed patients in the morning, before taking the medication, and in the evening. Because ACE inhibitors cause potassium retention, increased intake of high-potassium foods is inappropriate. DIF: Cognitive Level: Apply (application) REF: 719 TOP: Nursing Process: Implementation MSC: NCLEX: Physiological Integrity 6. Propranolol (Inderal) is prescribed for a patient diagnosed with hypertension. The nurse should consult with the health care provider before giving this medication when the patient reveals a history of a. asthma. b. daily alcohol use. c. peptic ulcer disease. d. myocardial infarction (MI). ANS: A Nonselective ÃŽ ²-blockers block ÃŽ ²1- and ÃŽ ²2-adrenergic receptors and can cause bronchospasm, especially in patients with a history of asthma. ÃŽ ²-Blockers will have no effect on the patient’s peptic ulcer disease or alcohol use. ÃŽ ²-Blocker therapy is recommended after MI. USTESTBANK.COM DIF: Cognitive Level: Apply (application) REF: 718 TOP: Nursing Process: Assessment MSC: NCLEX: Physiological Integrity 7. A 56-year-old patient who has no previous history of hypertension or other health problems suddenly develops a blood pressure (BP) of 198/110 mm Hg. After reconfirming the BP, itShow MoreRelatedChapter 51 Essay4945 Words   |  20 Pagesï » ¿Import Settings: Base Settings: Brownstone Default Information Field: Chapter Information Field: Client Needs Information Field: Cognitive Level Information Field: Difficulty Information Field: Integrated Process Information Field: Objective Information Field: Page and Header Highest Answer Letter: E Multiple Keywords in Same Paragraph: No Chapter: Chapter 51: Management of Patients With Immunodeficiency Multiple Choice 1. A healthy high school athlete is diagnosed with fever andRead MoreThe Importance Of Physical Education On American Schools1412 Words   |  6 PagesHeart Association, 2016). This is a local and national emergency that needs to be addressed to keep children healthy, prevent morbidities, and control the costs that are associated with being overweight or obese. Pre-diabetes, type 2 diabetes, and hypertension in children is at an all time high. However, research indicates that only 3.8 percent of American elementary schools provide daily physical education (Robert Wood Johnson Foundation, 2007). This paper will discuss the importance of daily physicalRead MoreInternational Classification of Diseases Coding Ii10064 Words   |  41 PagesInternational Classification of Diseases Coding II Chapter 17 – 27 Chapter 17: 1. Which of the following anemias is caused by a failure of the bone marrow to produce red blood cells and may be congenital or acquired? A. Bone marrow deficiency anemia B. Sickle-cell anemia C. Aplastic anemia D. Thalassemia 2. Which of the following terms refers to either a reduction in the quantity of hemoglobin or a reduction in the volume of red blood cells? E. Anemia Read MoreChapter 38 Nursing Management Vascular Disorders4653 Words   |  19 Pagesï » ¿Chapter 38: Nursing Management: Vascular Disorders Test Bank MULTIPLE CHOICE 1. When discussing risk factor modification for a 63-year-old patient who has a 5-cm abdominal aortic aneurysm, the nurse will focus discharge teaching on which patient risk factor? a. Male gender b. Turner syndrome c. Abdominal trauma history d. Uncontrolled hypertension ANS: D All of the factors contribute to the patient’s risk, but only hypertension can potentially be modified to decrease the patient’s risk forRead MoreChapter 65 Nursing Management Arthritis And Connective Tiss5879 Words   |  24 PagesChapter 65: Nursing Management: Arthritis and Connective Tissue Diseases Test Bank MULTIPLE CHOICE 1. Which finding will the nurse expect when assessing a 58-year-old patient who has osteoarthritis (OA) of the knee? a. Discomfort with joint movement b. Heberden’s and Bouchard’s nodes c. Redness and swelling of the knee joint d. Stiffness that increases with movement ANS: A Initial symptoms of OA include pain with joint movement. Heberden’s nodules occur on the fingers. Redness of the joint is moreRead MoreCase Analysis : The Client 3230 Words   |  13 Pagesschizoaffective disorder years prior. The client has had recent increasing difficulties with health problems not concerned with her mental illness. In addition to her diagnosis of scizoaffective disorder, the client also has and takes medication for hypertension, hypercholesterolemia, asthma. The client also has a history of type two diabetes, renal insufficiency, pancreatitis, and fatty liver deposits. The patient s chart documents discussion between the client s guardian and healthcare team whichRead More‚Äà ºa Contemporary View on Health Care System in Bangladesh.‚Äà ¹14806 Words   |  60 PagesCHAPTER - 1 Introduction 1.0 origin and background of the report The report ‘‘A Contemporary view on Health Care System in Bangladesh’’ is the outcome of Internship Program which is a precondition for acquiring MBA Degree. Only curriculum activities are not enough for handling the real business environment, so it is necessary to get the better knowledge about the real scenario. The report is a requirement of the internship program for my MBA Degree. Conduction of Internship/ DissertationRead Moreethical decision making16006 Words   |  65 PagesCHAPTER 11 Ethics and Health Pat Kurtz and Ronald L. Burr Authors Go Here Authors Go Here Authors Go Here Visit http://nursing.jbpub.com/communityhealth for Visit http://nursing.jbpub.com/communityhealth interactive exercises, review questions, WebLinks for interactive exercises, review questions, and more. Web links, and more.  © Jones and Bartlett Publishers, LLC. NOT FOR SALE OR DISTRIBUTION. 1786X_CH11_248_269.pdf 248 12/30/08 10:30:24 AM REFLECTIONS It has becomeRead MoreCase Study Questions On Crisis Paper3631 Words   |  15 Pagesschizoaffective disorder years prior. The client has had recent increasing difficulties with health problems not concerned with her mental illness. In addition to her diagnosis of schizoaffective disorder, the client also takes medication for hypertension, hypercholesterolemia, and asthma. The client also has a history of type two diabetes, renal insufficiency, pancreatitis, and fatty liver deposits. The patient s chart documents discussion between the client s guardian and healthcare team whichRead MorePediatric Nursing Study Guide -- Covering Communicable Diseases/ Blood Disorders/Childhood Cancers/Integumentary5211 Words   |  21 PagesConcept Test Map/Study Guide Test 2 will include chapters 36, 38, 49, 50, 53 To prepare for Test 2 please review the following: Communicable diseases (CH38) April 2 a. Stages * Invasion of organism * Incubation period * Prodromal period * Clinical manifestations (S/S) * Convalescent period * Return to wellness b. Immunities * Active immunity naturally acquired – already exposed

Ikea Communication Essay example - 1176 Words

Effective communication at Ikea Communication is the key to a successful business because everything is carried out properly and operates smoothly, thus being well organised too. In a business, communication not only takes place between the business and their buying customers, but also with their suppliers, within themselves and all of the stakeholders involved in the business. This includes all of the internal and external customers. Effective communication takes place if the chosen method works correctly for the situation the business and the receiver are in. For example, Ikea may not choose to advertise on the television that they have a product in stock which one customer was asking after because it is not guaranteed that the†¦show more content†¦Spoken communication can be in the form of speaking over the telephone, giving speeches and holding meetings or interviews. Most of these are also face-to-face except for talking over the telephone. This is also a common way for businesses to communicate, especially if they are talking to suppliers or another type of customer whom is far away. A problem with this though is that no automatic written ‘evidence’ is kept unless one person keeps notes, so important conversations may become forgotten. Written communication This method of communication can vary in length; a quick message can be written down on a small piece of paper or a contract can be drawn up which consists of countless pages and words. The three main documents which businesses use are explained below. Legal contracts A legal contract between businesses is a formal agreement which includes certain details about this agreement that cannot be broken. If they are, this is used as evidence in court, stating that there was in fact a contract and a business breached the conditions. Memos A memo (short for ‘Memorandum’) is a document which is given to all employees of a business when the company has an announcement to make. These are usually short and carry an important message which has to be seen by the staff. Normally, memos include details on when the next staff meeting is or when there is a day off work for all.Show MoreRelatedIkea Communication1194 Words   |  5 PagesEffective communication at Ikea Communication is the key to a successful business because everything is carried out properly and operates smoothly, thus being well organised too. In a business, communication not only takes place between the business and their buying customers, but also with their suppliers, within themselves and all of the stakeholders involved in the business. This includes all of the internal and external customers. Effective communication takes place if the chosen methodRead MoreMarketing Mix of Ikea803 Words   |  4 Pagespenetration pricing enables IKEA to gain significant market share.    Low prices are a result of large-quantity purchasing, low-cost logistics, store location in suburban areas and a DIY approach to marketing.    IKEA also benefits from economies of scale and healthy supplier-firm relationships.    IKEA enters into long-term contracts, provides leased equipment and technical support in exchange for exclusive, low-cost manufacturing from suppliers.    For new markets, IKEA should retain its price-imageRead MoreHeyy1303 Words   |  6 PagesHow different is different? IKEAs challenge to appeal to local tastes globally. Brief information about IKEA company. IKEA is a privately held, international home products company that designs and sells ready-to-assemble furniture such as beds, chairs, and desks, appliances and home accessories. The company is the worlds largest furniture retailer. Founded in 1943 by 17-year-old Ingvar Kamprad in Sweden, the company is named as an acronym comprising the initials of the founders name (IngvarRead MoreIkea Media Plan1132 Words   |  5 PagesPlan Marketing Objective 1: To increase awareness of local IKEA store locations in the U.S. among Generation Y individuals between ages 23 and 30 by 25% by January 2014. Media Objective 1: Reach 30% of Generation Y (ages 23-30) at least twice a month during 2013 with information regarding their IKEA store within 200 miles. Media Strategy: Use direct mail campaign that highlights the location of the nearest store with IKEA facts, and promotions. The mailings are to be released at the beginningRead MoreThe Social Architecture Of Ikea, A Multinational Furniture Company ( Mnc ) And Private Entity1119 Words   |  5 PagesThe success of a company depends on global efficiency, local responsiveness, and worldwide coordination. This paper will focus on the social architecture of IKEA, a multinational furniture company (MNC) and private entity. As of 31 August, 2015, IKEA has operations in 43 countries that incudes stores and distribution centers (About the IKEA group, 2015). IKEA’s net income is up 31% and bigger than Target and Lowes. It has mastered the challenge of â€Å"selling high volumes of inventory at consistentlyRead MoreIkea s Successful Entry Into The Furniture Retail Market918 Words   |  4 Pagesneeds were not being addressed in the furniture retail market; in which, IKEA took the initiative to distinguish themselves from their competitors by providing and selling good quality furniture at lower prices. Second, execution by it’s founder Ingvar Kamprad to sell their products for â€Å"cheaper† by commissioning local manufacturers to produce IKEA products (Allen, n.d.). The internationalization importance relating to IKEA is imperative to Kamprad’s strategty that allows firms to market their productsRead MoreIKEA Global Sourcing Challenge: Indian Rugs and Child Labor1176 Words   |  5 PagesProposal Case: IKEA Global Sourcing Challenge: Indian Rugs and Child Labor Summary In this case, it is known that IKEA s procurement model is the mode of global sourcing. IKEA products are shipped to the 26 distribution centres from the trade area after procurement, and then delivered to the shopping malls in the world. IKEA s procurement philosophy and assessment of suppliers mainly include four aspects: continuous price improvement; strict supplier performance and service levels;Read MoreIkea Case Study1426 Words   |  6 PagesIntroduction IKEA is a globally known home outfitting retailer. It has developed quickly since it was established in 1943. Today it is the world s biggest furniture retailer, perceived for its Scandinavian style. The greater part of IKEA s furniture is level pack, prepared to be gathered by the shopper. This permits a lessening in expenses and bundling. IKEA conveys a scope of 9,500 items, including home furniture and embellishments. This wide range is accessible in all IKEA stores and clientsRead MoreIkea Swot Analysis1017 Words   |  5 PagesINTRODUCTION: IKEA was founded in the year 1943 and is known as the world’s largest home furnishing retailer renowned for its Scandinavian style. The first store of IKEA was launched in Warrington in 1987.The main product includes flat-pack ranging from home furniture and accessories with 9500 products. The broad range products are obtainable in all IKEA stores. The stores are located worldwide and they even developed online website. The stores products vary from restaurants, cafesRead MoreCase Study : Global Enterprise Ikea1392 Words   |  6 PagesExecutive Summary Global enterprise IKEA has expanded from its humble beginning in Älmhult, Sweden to become the world’s largest home furnishings retailer with 393 stores worldwide and 915 million visitors annually. IKEA’s simplistic vision inspired by its Swedishness aims to provide as many people as possible with affordable, well designed, high quality, functional home furnishings that impress consumers, competitors and companies alike. This philosophy has resulted in very effective and efficient

Compare and Contrast Europe and Africa Essay - 839 Words

Europe and Africa have been linked together in evaluating the state formation process. Both regions have similarities, strengths, weaknesses, and room for improvement. To this day both regions are far from perfect. Some light can be shed on this subject, by evaluating Europe and Africa’s state formation process, evaluating what party benefits, and briefly explaining two economic consequences of European colonialism in Africa. Problems began for Africa when there was the â€Å"scramble for Africa. Africa was extremely divided throughout the continent. There was no nation intact. Even though they were divided into colonies, they still had no sovereignty. Since they had no form of nationalism it made it impossible to succeed as a†¦show more content†¦Belgium and Portugal â€Å"led the second-tier empires† (Schraeder 97) and they were much smaller than Britain and France. Italy held possession of Liberia and Eritrea. Spain had the smallest of the empires, includin g Ceuta and Melilla. Europe was different to Africa in their state formation process. State formation started as a result of European kings claiming greater powers and tightening their control over large territories. In the early period people were indifferent about the state to which they belonged. In Northern Europe the state was very spread out. This was due to the fact that some regions were acquired for the crown by royal marriages, and others by settlements of war or debt. (Shively 24-25) It was not until the early nineteenth century that the state was bound by a rather large territory with stable boundaries. The invention of the modern state is given credit to Napolean. This came about by his joining â€Å"the excitement and the passions of the French Revolution to an active and efficient bureaucracy and army. This state was very powerful and conquered most of Europe. (Shively 25) To further evaluate Europe and Africa one could look at the economic consequences of Euro pean colonialism in Africa. There are several consequences to this subject. The two that seem the most important was the transformation of individual colonies into export-orientedShow MoreRelatedCCOT And CC Essay1549 Words   |  7 Pagesï » ¿UNIT 1 /2 – 8000 bce – 600 bce, 600 bce – 600 ce Africa Compare and contrast life in foraging societies with life in agricultural societies after the Agricultural Revolution Identify two key changes in early African history that resulted in a new period in the history of the region The Middle East Analyze the political changes in the Middle East from the Agricultural Revolution to 600 c.e. Compare and contrast the basic features of TWO of the following religious systems prior to 600 c.e. PolytheismRead MoreThe Darkness of Imperialism in In Heart of Darkness, by Joseph Conrad567 Words   |  3 PagesDarkness are pursuing is the expansion of their home countries’ empires. Yet many people are hurt in this enterprise, and it’s not only the colonized territories that are impacted negatively by imperialist Europe. Europe’s explorers that go to the Congo are constantly dying of sickness. Compare the ways in which the consequences of imperialism affect the different groups of people in the book, the more one can understand about characters’ actions. Heart of Darkness is a novel about EuropeanRead MoreThe English Civil War Essay1733 Words   |  7 Pagesroutes in the Atlantic Circuit to bring slaves from Africa to replace Amerindian labor. 4. Atlantic Circuit (or System): The Atlantic Circuit was the triangular network of trade routes connecting Europe, Africa, and the Americas. The first passage carried horses, weapons, and metals from Europe to Africa. The third passage brought plantation goods from the colonies to Europe. And the Middle Passage was defined by transport of slaves from Africa to the colonies. The Middle Passage was plaguedRead More Symbols, Setting, and Ironies of Joseph Conrads Heart of Darkness1201 Words   |  5 Pagesis   relevant to the overall theme of the novel. As the plot opens up, Marlow begins to compare and contrast the Thames River to the Congo. He describes both rivers to be connected like an interminable waterway (Conrad 65). Marlow means to say that the two are connected symbolically. Both represent the continual passage for the ivory trade. The ivory is carried out of Africa through the Congo and into Europe through the Thames. The Thames is depicted as being peaceful and tranquil while the CongoRead More Characters, Setting, Themes, and Symbols of Heart of Darkness1248 Words   |  5 PagesCongo forces him to resort to the life of a murderer and pilferer. The name Kurtz itself has symbolic meaning. The physical shortness in Kurtz implies a shortness of character and spirit (Heart of Darkness: A systematic evaluation). Conrad greatly contrasts between Kurtzs two mistresses. He portrays the black mistress as being fierce and magnificent. She is an impressive figure and importantly, her human feelings are not denied. She faces the truth of the situation and the pain because she is ableRead MoreCompare and Contrast Judaism and Buddhism Essay647 Words   |  3 PagesCompare and Contrast Judaism and Buddhism One of the most early religions are Judaism and Buddhism. Both Judaism and Buddhism have lots of differences beliefs and practices and only few similarities. Judaism was started in 2000 B.C.E, led by Abraham. Buddhism was started in 560 B.C.E, by Siddhartha Gautama. Both religions have different point of view. Buddhism don’t believe in deity and Judaism believe in deity. Buddhism are just followers of Gautama and Judaism believe in Yahweh (the GodRead More Oloudah Equianos The Slave Trade Essay example934 Words   |  4 PagesOloudah Equianos The Slave Trade Olaudah Equiano was born in 1745 in an area of Africa which is now Nigeria. At the age of eleven he was captured and brought into slavery. In his book, The Slave Trade, Equiano describes the slave trade during this time. He illustrates how he became a slave and how slaves were treated. Through his descriptions of his homeland and other aspects of his life, we gain insight into the state of world trade at that time. Equianos description of his homeland exemplifiesRead MoreWhat Was The Political Structure Of The Mayans From 600 Ce?1568 Words   |  7 Pagesthe Portuguese. Feudalism refers to? A social structure prevalent in Western Europe, in which landlords held power over large estates that serfs or laborers worked on. The landlords in return provided protection of the people working on the land. Be able to find comparisons between the political systems in Western Europe and China from 1000 – 1300 CE. A major comparison among the two regions was that in Western Europe multiple monarchies were being developed, whereas China maintained a single empireRead MoreCompare and Contrast the Influence and Consequence of European Imperialism on Africa and China During the 19th Century.748 Words   |  3 PagesCompare and contrast the influence and consequence of European Imperialism on Africa and China during the 19th century. Imperialism is when one country dominates the cultural, economic, and political life of a nation weaker than itself. In the 19th century, Europe was the nation that was dominating both China and Africa. There were quite a few similarities in the way that European imperialism was changing these nations. One important similarity was that both the nations had resisted againstRead MoreComparing and Contrasting Heart of Darkness and Things Fall Apart1346 Words   |  6 PagesMelisa Chan English Language and Literature Instructor Van Andel ------------------------------------------------- February 1, 2013 Viewing Africa From Two Sides Of A Coin. There aren’t many novels about the true face of Africa on bookshelves, especially not novels written by an author who knows Africa best during the time of its pre-colonial period. Things Fall Apart is a novel worth reading because it’s eye opener for those with not-very-positive stereotypes of the continent. In fact

Informatics and Financial Applications for Computing-myassignmenthelp

Question: Discuss about theInformatics and Financial Applications for Cloud Computing. Answer: Introduction The purpose of this report is to provide knowledge on information systems, decision support systems, and cloud computing. The industry I have chosen in this report is the insurance industry. I have chosen insurance because research shows that many insurance companies rely on data analytics to make key decisions. The report is divided six sections as follows. In chapter one, I discuss the contents of the report. In chapter two, I discuss what Decision Support Systems are and how these tools can be used within the insurance industry to fix some of the challenges they face such as product development and insurance fraud detection. In chapter three, I discuss cloud computing and the opportunities it brings to the insurance industry. I also provide statistical evidence on the uptake of cloud computing services by insurance companies. In chapter four, which is the final section, I conclude my analysis by providing a brief summary of information systems and insurance. The references and appendix is included in section five and six respectively. Decision Support Systems And Insurance Decision Support Systems (DSS) are a set of tools and software used to collect and analyze data into useful information. Most DSS tools are able to perform a wide variety of functions including collection and organization of data, data analysis, and production of custom reports (Castellanos, Dayal, Simitsis, Wilkinson, 2009). Insurance fraud is a growing concern for many insurance companies because it increases the cost of insurance. Fraud can occur at different stages of the insurance cycle. Some common examples of fraud include staged accidents, data theft and application fraud (Insurance Nexus, 2016). DSS tools, based on historical fraud data, can be used by insurance companies to assist in the prevention, reduction, and detection of fraud. Below are examples of these tools may be used by the insurance industry to combat fraud. Decision Support Systems for Prevention of Insurance Fraud A DSS tool can be used to screen applicants at the application stage. The tool will then score the applicants by flagging their likelihood for potential fraud. Based on this information, an insurance company can either reject a customer with a high score from the onset or offer them an insurance policy subject to close monitoring by the insurance company (See Figure 2?1). Decision Support Systems for Reduction and Detection of Insurance Fraud DSS tools can also be used for detection and reduction of fraudulent claims. In this scenario, the tool works by identifying claim applications that are potentially fraudulent. Furthermore, the costs of various actions by the company from settling the claim to rejection or investigation of the claims are analyzed concurrently. Based on the output, the insurance companies can make the appropriate decisions (Power, 2017). Decision Support Systems in other Areas of Insurance Apart from fraud management, Insurance companies are also using DSS tools in other critical areas of the business. These areas include premium pricing, product development, agent selection, customer service, claims settlement etc. Figure 2?1: Insurance Fraud Detection System Cloud Computing And Insurance Industry Gone are the days of companies purchasing expensive data warehouses and servers. With the advancement of the internet, cloud computing services have allowed companies to efficiently reuse their IT resources while having quick access to real time data (Accenture, 2010). Cloud computing, which is an area of DSS, was initially developed for storage solutions and servers infrastructure. With time, their capabilities have increased to include business support applications like email and office suites, customer service, web conferencing facilities, enterprise applications and project planning (Edara Kandagatla, 2012). With regards to the insurance industry, cloud computing provides many benefits to insurance companies. In addition to the functions mentioned above, they can also be used by insurance companies to build potential underwriting tool applications for their customers(Edara Kandagatla, 2012). Despite the opportunities above, investment in cloud computing services within the insurance industry is still low. The main reason cited is compliance issues such as data privacy and restrictions. Insurance companies collect a lot of personal data and they fear that any data leak in the cloud may have a significant reputational risk to the company. A study was done on 53 insurance companies in North America to gather their responses on clouds computing(Accenture, 2010). Figure 3?1below shows that out of the responses, 51% of the insurance companies were keen on cloud storage. However, when it comes to implementation, their responses were of strong interest but no commitment, possibly due to the data privacy concerns. To overcome this challenge, software companies are focusing on the creation of private clouds to encourage insurance companies to host their core business specifics. Private clouds are considered more secure than public clouds. Figure 3?1: Insurance Companies Response to Cloud Computing Conclusion We live in a world where data is becoming a critical component of a companys decision making process. Consequently, Decision Support Systems have become a common feature in many businesses due to their ability to analyze data into useful information. When it comes to the insurance industry, DSS tools play a vital role. We have observed that insurance companies have a history of collecting a lot of data on both claims and policies. DSS tools can then be applied on this data to extract useful information. We observed in chapter two an example of a DSS tool used by insurance companies for fraud detection and prevention. Furthermore, DSS tools can also be used in other parts of the industry such as product development and pricing. Cloud computing is an area of DSS. Cloud computing services provide storage and infrastructure solutions to companies which results in cost savings in regards to their IT resources and enhanced business performance. In respect to the insurance industry, cloud computing also offers companies opportunities to develop business models such as underwriting tool packages. Despite these opportunities, the uptake of cloud computing within the insurance sector is still low at its infant stage. However, it is expected that this area will expand in the near future as DSS tools evolve to meet the needs of the industry. Studies are showing that insurance companies that have begun to develop strategies surrounding cloud computing services are already indicating signs of a competitive advantage. References Accenture. (2010). How Cloud Computing will Transform Insurance. Retrieved from Accenture: https://insuranceblog.accenture.com/wp-content/uploads/2013/07/Cloud_for_Insurance_POV_Final.pdf Castellanos, M., Dayal, U., Simitsis, A., Wilkinson, K. (2009). Proceedings of the 12th International Conference on Extending Database Technology: Advaces in Database Technology. Retrieved from https://icdt.tu-dortmund.de/proceedings/edbticdt2009proc/edbt/papers/p0001-Dayal.pdf Edara, S., Kandagatla, R. (2012). Cloud Computing in the Property . Retrieved from Capgemini: https://www.cn.capgemini.com/resource-file-access/resource/pdf/Cloud_Computing_in_the_Property___Casualty_Insurance_Industry.pdf Insurance Nexus. (2016, March 9). Analytics in Insurance Fraud: The Fight Before the Claim . Retrieved from Insurance Nexus: https://www.insurancenexus.com/fraud/analytics-insurance-fraud-fight-claim Power, D. (2017). How can analytics and decision support reduce insurance fraud? Retrieved from https://dssresources.com/faq/index.php?action=artikelcat=id=292artlang=en