Industry Risk Analysis - 1966 Words

Running head: INDUSTRY AND RISK ANALYSIS Assessment 2 Industry and Risk Analysis Entrepreneurship and Innovation (BUS 521) Name Strayer University Dr. William Walker Date Abstract This particular assessment will address the industry and the risk analysis. Topics that will be covered are the future outlook and industry trends related to the new venture. The research paper also identifies certain legal regulations and concerns related to the venture idea. There are certain resources available to help an entrepreneur protect those ideas which are addressed within the body of the paper. Raising capital for the new venture is also a part of the industry analysis as well as the obstacles of raising that capital. There are†¦show more content†¦Knowledge is power; therefore the company will need to know about major rules and regulations that can harm the venture in the long run. The main concern with the venture idea is the chance of someone else attempting to steal the idea and use it to profit. According to the World Intellectual Property Organization (WIPO) (n.d.), intellectual property â€Å"refers to creations of the mind: inventions, literary and artistic works, and symbols, names, images, and designs used in commerce† (para. 1). Intellectual property is protected by patents, trademarks, copyrights, and trade secrets (Hisrich et al., 2010). All of these categories can help an original creator maintain the rights to that piece of work. If the creator does not go through the proper steps to maintain the ownership of a particular work, the idea is up for grabs and someone can else use the idea all over again. Healthy Hearts Gym will have to be careful with exactly who secretive information is shared with. The ideas that will make the gym different from others will definitely be protected by one or more of the previously discussed categories. This will allow the company to maintain ownership of original ideas, and sue anyone who tries to steal that idea. 3. Discuss the approach to raising capital for the venture. According to Entrepreneur (2010a) it takes anywhere from $10,000 to $50,000 to startShow MoreRelatedRati o Analysis and Risk and Return of Fmcg Industry2871 Words   |  12 PagesFMT-I Ratio Analysis and Risk and Return Industry – FMCG FMCG – Fast moving consumer goods Companies - ITC, HUL , Nestle India , Dabur , Godrej Consumer Products The Indian FMCG sector is the fourth largest sector in the economy with an estimated size of Rs.1,300 billion. The sector has shown an average annual growth of about 11% per annum over the last decade. Unlike the developed markets, which are prominently dominated by few large players, India’s FMCG market is highly fragmented andRead MoreCritical Analysis On Fracking And Fracking Essay1790 Words   |  8 Pages Critical Analysis for Fracking Throughout the last six or five years, America was introduced to a new invention called Fracking, which is to help access oil and gas through a technical machine. Due to some concerns, it has been difficult to have a median between its risks and benefits. Those who oppose it are concerned with what will happen to the environment and if their fresh water can be at risk for contamination. Those who are for fracking probably are not too concerned for the environmentRead MoreQuestions Bank : Discuss Investment Process Essay753 Words   |  4 Pagesfrom borrowings. Objectives- The objectives are framed on the premises of the required rate of return, need for regularity of income, risk perception and the need for liquidity. Knowledge- The knowledge about the investment alternatives and markets plays a key role in the policy formulation. The investment alternatives range from security to real estate. The risk and return associated with investment alternatives differ from each other. The investor should be aware of the stock market structureRead MoreConstruction Industry : The Most Hazardous Industries1066 Words   |  5 PagesIntroduction Construction industry is considered as one of the main contributors to the economic development of the US. However, the construction industry is considered to be the most hazardous industries because of its unique nature. The safety uncertainty of construction environments has made the construction industry one of the most dangerous industries. The construction industry is recognized as for having one of the worst safety history records among all industries. Many building constructionRead MoreRisk Analysis. A Risk Analysis Was Prepared As Part Of1084 Words   |  5 PagesRisk Analysis A risk analysis was prepared as part of the review of Ford as a potential investment opportunity. The Capital Asset Pricing Model defines â€Å"the relevant risk of an individual stock as the amount of risk that the stock contributes to the market portfolio† (Brigham Ehrhardt, 2014, p. 250). The risk of a stock can be measured by its beta. The higher the beta of a stock, the higher the risk. Stocks with a beta below one are less volatile than the market while stocks with a beta of greaterRead MoreAssessing Martin Manufacturings Current Financial Position888 Words   |  4 PagesCase: Assessing Martin Manufacturing’s Current Financial Position Martin Manufacturing Company Historical and Industry Average Ratios Ratio | Actual 2004 | Actual 2005 | Actual 2006 | Industry Average 2006 | Current Ratio | 1.7 | 1.8 | 2.5 | 1.5 | Quick Ratio | 1.0 | 0.9 | 1.4 | 1.2 | Inventory Turnover (times) | 5.2 | 5.0 | 5.3 | 10.2 | Average Collection Period | 50.7 days | 50.8 days | 58.0 days | 46 days | Total Asset Turnover (times) | 1.5 | 1.5 | 1.6 | 2Read MoreSwot Analysis : The Airline Industry1377 Words   |  6 Pagescan do is run a five forces analysis. This analysis looks over the level of competition in an industry to find the intensity of it, which in turns shows the attractiveness of entering this industry or not. This analysis looks over five categories; the threat of new entrants, the threat or availability of substitutes, the power of buyers, the power of substitutes, and finally the competitive rivalry. To apply this analysis to a real world example, the airline industry will be discussed because mostRead MoreModern Tastings Inc.1147 Words   |  5 Pages1. Preliminary analysis to understand the client‘s business and risk - Understanding the auditee’s business, environment, and risks - Mature company, has been around for more than 15 years, simple business structure – manufacturing and merchandising, heavily based on inventory sales, however it is highly prone to competition in this industry. The intensity of rivalry is very high in this industry. - MIT is taking initiative in differentiating their products as they are seeking out new opportunitiesRead MorePestle Analysis867 Words   |  4 PagesCompiling and Using a â€Å"PESTLE† Analysis 1.1 A PESTLE analysis is a tool that acts as a prompt to the staff and governors involved in the analysis of the developments in the school’s environment that could affect its risk profile. It may help them carry out a more comprehensive analysis. The initials stand for: Political e.g. a new government initiative creates the risk that the school may fail to deliver the policy or be diverted away from local priorities etc. Economic e.g. central or localRead MoreAudit Problem 4-581496 Words   |  6 PagesRatio analysis uses a combination of financial or operating data from a company or industry to provide a basis for comparison. Every ratio in the analysis measures a distinctive association that may have an impact on another ration. An auditor use a financial or accounting ratio to evaluate the overall financial condition of a company. Current and prospective stockholders and creditors used ration analysis to gauge viability and future performance of a company. The performance of a company is usually

Taking a Look at the Zodiac Killer - 1610 Words

The Zodiac Killer is one of the greatest unsolved serial killer mysteries, after Jack the Ripper. There were 2,500 suspects, but the case was never solved. The Zodiac’s first known victim is Cheri Jo Bates. His first letter, Confession, mentioned Cheri and said, â€Å" she is not the first and she will not be the last†. Six months after Cheri’s death, the killer sent copies of the letters to the Riverside Press, the police, and her dad. Since the killer knew her dad, the police thought that Cheri knew her killer or he knew her. One of the suspects for her murder was her ex-boyfriend. Cheri’s murder was controversial and there is no evidence that the Zodiac was her killer( Wark,1). On December 20, 1968, David Authur Faraday and Betty Lou Jensen were shot to death. Six months later, July 5, 1969, Darlene Elizabeth Ferrin and Michael Renault Mageau were shot in Blue Rock Springs Park in Benicia(Wark,1). When the killer approached them, they thought he was a police officer because he had a flashlight aimed towards them.Mageau was reaching for his ID when the killer started shooting. The killer shot at Mageau first, hitting him in the face and body(Wark,1). Since the killer was close to them, the bullets went through his flesh and into Darlene. Michael moved himself to the back seat and got shot in the knee. The killer then shot Darlene in both of her arms and in her back as she tried to turn away(Wark,1). A nearby resident, George Bryant, heard the gunshots and said theyShow MoreRelatedThe Zodiac Killer And The Misfit1358 Words   |  6 PagesMyranda Elkin Dr. V. Hunt ENC1102 13 November 2016 Righteous Degenerate What do Adolf Hitler, The Zodiac Killer and, The Misfit all have in common? They are psychopathic murderers. Psychopaths do not feel therefore they cannot have morals in the same way normal people do. In â€Å"A Good Man is Hard to Find† by Flannery O’Connor the character known as the Misfit loses the battle with his conscience and is proven to be immoral. According to the Oxford Dictionary, morality is, â€Å"a particular systemRead MoreA Valid Argument For Abolishing The Death Penalty2243 Words   |  9 PagesLindsey Hogan Professor Reynolds English 321 July 22, 2015 Determinism: A Valid Argument for Abolishing the Death Penalty? In 1940, Lawrence Bittaker, an infamous serial killer from the 1970’s, was born to two unloving parents in Pittsburgh, Pennsylvania. He was adopted but eventually left abandoned by his adoptive parents who could not put up with him anymore (Chojnaki, M. Danz, E. p. 1). By the age of 17, Bittaker dropped out of high school, never to obtain his GED. From the ages of 21 to 26Read More Serial Killers in the U.S. Essays4042 Words   |  17 PagesBefore we can discuss what serial killers do, we must first define what a serial killer is. Some people might place serial killers into the same group as mass murderers. This would be incorrect because they are two totally different types of killers. While both of these individuals may kill many people, the difference lies in the reason they kill and the period over which they kill their victims. An event or a build up of circumstance triggers mass murderers and causes them to act. This mayRead MoreSadie Hawkins Day and Valentine Grams18321 Words   |  74 Pagestomorrow. It’s a day of the celebration of unending, bountiful love, for the romance fanatics but a day full of ill-wishes and depression, says all the bitter singles. Well then, sulk away but it’s not like it’ll make this holiday even better. Just take a look on the bright side. Valentine’s Day is a day for everyone, the boxes of candy, the mysterious admirers, the fragrant, flamboyant flowers and the Valentine grams. Otherwise, they wouldn’t have made it a widespread, popular nationwide holiday. On theRead MoreLogical Reasoning189930 Words   |  760 Pagesyou all have a bad case of Giardia might even be life threatening. Emilio agrees to go along with the majority decision, too. He wants to stay, but not by himself. Still, he isnt convinced by Juanitas reasons. Look, he says, if the stream were poisonous, everything in it would look dead. There are water spiders and plants living in the stream. Its no death trap. At this point you are faced with one of lifes little decisions: What do you do about the water situation? Go or stay? SomeoneRead MoreMarketing Management130471 Words   |  522 Pagesdecisions made in order to follow the strategies established. For instance, if a strategy is to enter a new market, the tactics may involve the marketing decisions made to carry this out. Performing strategic and tactical planning activities in advance of taking action is considered critical for long-term marketing success. Identify - Arguably the most important marketing function involves efforts needed to gain knowledge of customers, competitors, and markets. We will see throughout this course materialRead MoreExploring Corporate Strategy - Case164366 Words   |  658 Pagesdrug-dealing in its most ugly sense had become part of the dance culture. Palumbo recalled: When I came into this business, with my bonuses and my nice City suits, I was completely naà ¯ve. Just a joke. I found that every Friday and Saturday night my door was taking  £30,000 and the security team was making  £40,000 on Ecstasy. It happens everywhere in the UK leisure business. There are all these fat bastards running chains of discos and bowling alleys, and none of them admits it. We went through a really traumatic

The Media s Influence On People Opinions - 1556 Words

After September eleventh, news coverage was main cause a rise in Islamophobia feelings. With terrorist attacks from Middle-Eastern based groups, like ISIS and al-Qaeda, a sense of fear has grown among the American people. A major cause in this rise is the media’s influence on people opinions. The media can get people to feel almost anything they want through pictures, videos, etc. News sources focus on Middle Eastern conflicts, putting Muslim’s in an unfavorable light, and news outlets show pictures of terrorist groups, such as ISIS, to represent the Muslim population. Acts of discrimination, racial profiling, and racism against Muslims, also classified as Islamophobia, has seen a major increase because of news coverage. Since the beginning of journalism, news sources have been able to get what they wanted through a method dubbed the ‘CNN Curve’. â€Å"The advent of instantaneous and global technology has given the news media far greater influence in inte rnational relations than ever before, robbing diplomacy of its rightful place at the helm in the process. Observers of international affairs call it the CNN curve, and the term is not a compliment† (Newman, 109). The news sources curve legislators into completing these issues instead of other things that could be far worse and needs the attention of lawmakers For example, if specific news sources push a story on a terrorist attack, showing images, videos, interviews with victims, etc., politicians and foreign diplomats willShow MoreRelatedThe Media And The Criminal Justice System1550 Words   |  7 Pages As far as time itself people have always committed crimes. We can find the first crime in the bible itself when Cain killed his brother Able. However what we did not have back then was the media coverage of the story. The media has been able to influence the criminal justice system by expressing strong opinions about different cases. In some of those cases, the media has picked a side. Generally, people tend to pick sides depending on whom they believe, there is always two sides to every story.Read MoreAgenda Setting Theory And Social Media1317 Words   |  6 PagesAgenda-Setting Theory and Social Media The agenda-setting theory states that the media influences what people choose to think about. The theory emerged from communication studies and focuses on mass media and setting the public agenda. In the seminal article, McCombs and Shaw (1972) found a high correlation between media agenda and the public agenda through content analysis of a local election. The theorists wanted to discover what types of people are most susceptible to the media agenda through quantitativeRead MoreThe Effects Of News Media On Today s Society1735 Words   |  7 Pagesconveying of information. The news media has access to television broadcasting and has people to go find stories to broadcast. However, as time has progressed, the news media has become more and more opinionated. Consequently, the bias of the news media in their reporting’s has tainted the opinions of the American people. By creating a strict set of laws pertaining to the reporting of news, bias within reports will have to decreas e; causing a less opinionated audience, people feeling better about themselvesRead MoreThe Changing Face Of Political Campaigns1025 Words   |  5 PagesThe media is everywhere. In our computers. In our phones. In our radios. Just around the corner waiting in a newspaper stand and flashing bright colors across our TVs. It seems like there is something being reported continuously every day. News and information are only a few taps away; unlimited knowledge now sits in almost anyone’s back pocket. All these new forms of media are changing everything. Political campaigns are not something we typically think about. To most people above the age of 18Read MoreThe Media: A Powerful Voice1088 Words   |  4 PagesThe Media is a powerful voice listened to by millions of Americans, as well as billions of people across the globe. For decades, the media has been an influential instrument in the political realm. In today’s politics, the media is a necessary part of the campaign p rocess and is undoubtedly a powerful tool for candidates in getting their message to the public and the engine by which public opinion is formed. But just how powerful is the media? Dictionary.com defines the media as, â€Å"The means ofRead MoreWhy Is Medium Is The Massage Essay1528 Words   |  7 PagesWhy is Medium Message? Marshall McLuhan, a technological determinist, says in his book ‘Medium is the massage’ that the most widespread modern media influence how humans think, act and perceive the world around them. He states that the medium significantly influences the message that people will receive, and thus, the same message is perceived by the same individual in several ways if he receives them in a different way. The expression the medium is the message means that recipient receives messagesRead MoreThe Political Economy Of The Media978 Words   |  4 PagesThis unit â€Å"The Political Economy of the Media† we try to understand what the correlation is between the political economy and its influence on the media and when did the economy start to effect the media. We will discuss within three different issues based on the readings issued; Newspaper, the discipline of journalism and the politics of the film industry. Each reading makes valid points and gives great real life examp les of how politics and the media are in a symbiotic relationship. In BennettRead MoreMass Media Such As Television, Newspapers, And Internet1457 Words   |  6 PagesMass media such as television, newspapers, and internet are the center of the public s communication and entertainment. Society relies heavily on mass media for their news, education, entertainment, and their socialization. It can inspire, persuade, and change the behavior of the audience depending on the objective. The public is often misinformed and uninformed by media outlets to control the information that reaches the public. As technology continues to grow, access to mass media continues toRead MoreExplain The Effects Of Family On Ones Political Values1171 Words   |  5 Pageswhat a democracy is and why it is significant. A democracy is a system of government where the people have the opportunity to have a say in important governmental processes. For instance, in a democracy, one has the privilege to directly vote on key public officials. This can be seen in presidential elections, state elections, etc. A democracy is significant because it protects the interests of the people, and allows citizens to feel a sense of authority in the nation’s government. Essentially, ensuringRead MoreQualitative Research Results And Discussion1375 Words   |  6 Pagesquestions were ready for opinion leaders, which include journalists, staffs of the management team and PR practitioners. Only key sentences or words of discussion were chosen due to the word limitation, the full-translated transcripts are attached at Appendix B. The findings of interview have three parts, which related to the three research questions. A: For the question of the impact of opinion leaders on Weibo, the viewpoints from interviewees all admitted the leading roles of opinion leaders, but their

Ethics And The International Professional Practices Framework

Introduction This report is going to explain the role of an auditor and their importance in the work force and what attracts me to the job and why I am interested in PwC and what I hope to gain from the scheme. What is Audit/Auditor? The Business Dictionary defines audit as â€Å"A systematic examination and verification of a firm’s books of account, transaction records, other relevant documents, and physical inspection of inventory by qualified accountants†. Auditors can be split into two different divisions, internal auditors and external auditors. They are to follow the Code of Ethics and the International Standards. The nature of the role is contained within the International Professional Practices Framework (IPPF). The Charted institute of internal auditors states that the role of an internal auditor is to provide independent assurance that an organization’s risk management; governance and internal control processes are operating effectively. Internal auditors are obliged to provide an impartial and objective view. They are independent from the operations they evaluate and report to the senior managers and governors. Internal auditors deal with issues that are primarily essential to the survival of any organization. Internal auditors help companies succeed, through a combination of assurance and consulting. In comparison to external auditors, they look beyond financial risks and statements to consider wider issues such as the company’s reputation, growth. KPMGShow MoreRelatedUnethical Business Practices Of Multinational Companies1512 Words   |  7 PagesAbstract This paper discusses the unethical business practices of multinational companies, which have become a concern on a national and international level. While the convergence of accounting standards remains a challenge, so has a set of ethical standards. The need for a global set of standards has become paramount over the last decade. Through my extensive review and research of literature, there appears to be an ongoing need for convergence. The study concludes that through cooperative effortsRead MoreThe Right Of Self Determination1438 Words   |  6 Pagescase study draws on ethical frameworks and theories that have been applied during practice and the questions raised at the end of the five-month placement. This critique analyses and evaluates the resolutions made around Ian’s mental capacity to make autonomous decisions and the students personal involvement in an intervention of protecting Ian from harm. Ethics, Framework and Theory Ethics are essential to social work practice and run through all facets of practice. The emphasis of this argumentRead MoreEssay Professional Values1035 Words   |  5 PagesProfessional Nursing Values Yvonne Simms NUR/403 Undergraduate Nursing Studies April 29, 2010 Joseph DeCostanza Professional values are the foundation for practice; they guide interactions with client, colleagues, other professionals, and the public, by providing the framework for commitment to the Welfare of others. They are also belief or ideas to which an individual is committed and which are reflected in patterns of behavior. Institute of medicine (2000). In this articleRead MoreThe Effect Of Professional Ethics788 Words   |  4 PagesThe Effect of Professional Ethics in U.S. Accounting Businesses, investors, creditors rely on accounting ethics. The accounting profession requires honesty, consistency with industry standards, and compliance with laws and regulations. The ethics increase the responsibility and integrity of accounting professionals, and public trust. Ethical requirements influence the management behavior and decision-making. The financial scandal of Enron and Arthur Anderson demonstrates the failure of fundamentalRead MoreApplying Ethical Framework in Practice1100 Words   |  5 PagesApplying Ethical Framework in Practice 1. Ethical implications of a breach of confidentiality Ethics is the concept of right and wrong and thus it is difficult to come to a universal standpoint as to what should be right and wrong. In the context of the medical field, professionals are constantly engaged in accessing very delicate and sensitive information about people and patients. Thus, such professionals are regularly facing the circumstances in regards to concepts such as confidentiality andRead MoreEssay about Ethics in International Business1657 Words   |  7 Pages Ethics in International Business Abstract International business ethics challenges the corporate world to deal with questions of what to do in situations where ethical standards come into conflict as a result of the different cultural practices in the nation. Since, there is this dilemma that has progressively troubled the large multinational corporations, international business ethics has arisen to help address these adhesive subject matters. There are several international businessRead MoreUber s Bag Of Dirty Tricks : An Ethical Consideration1582 Words   |  7 Pages Professional Ethics Final Project Submission Professor: PhD K. Ramsey Date: 05/01/2015 Rowshen Paltayev UBER’s Bag of Dirty Tricks: An Ethical Consideration â€Æ' Introduction/Overview: UBER is a recent startup tech company providing a service equivalent to regular taxi with better rates and faster service. The case illustrates that UBER has been using some less than direct approaches to stealing the effectiveness of the competition and limiting their overall profitability. The greater questionRead MoreEssay on Internal Auditing and What It Entalis1137 Words   |  5 PagesInternal Auditing as defined in the IPPF Framework is â€Å"an independent, objective assurance and consulting activity designed to add value and improve an organisation’s operations. It helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes† (Auditors, 2013) .When looking in the A vision for the future: Professional Practices Framework for Internal Auditing (IIA 1999) internalRead MoreCode Of Ethics Of Ieee. Computer Society1597 Words   |  7 Pa ges1Introduction Today, established ethical frameworks play a vital role in companies and organisations, espe- cially in big ones. Ethical framework, also known as code of conduct and code of ethics, is a set of guidelines, recommendations and rules, which specify expected behaviour and possible options how to make ethical decision, under different circumstances. It is crucial for every institution to set up ethical framework in order to prevent specific problems and to have es- tablished policy toRead MoreEthical Requirements for Auditors1212 Words   |  5 PagesTo assist in quality assurance, the profession, and government have developed multilevel framework which is designed to regulate the audit profession. This framework includes: * Ethical standards: the New Zealand Institute of Chartered Accountants Act 1996 requires that NZICA have a code of ethics that governs the professional conduct of its members, which is a form of firm regulation. * International Standards on Auditing (ISA): These standards, in particularly ISA (NZ) 220 are the back

Energy Management Case Study Siemens Free Essays

In June 2009, Siemens took its effort in solar and wind to the next level by leading the Deserted initiative. This transcontinental project aims to generate solar power in North Africa, where it is most abundant, and then transport it to Europe. The project fits particularly well with Siemens because it requires not only experience in the primary wind and solar technology but also in the complementary technologies such as power grids and switchboard. We will write a custom essay sample on Energy Management Case Study: Siemens or any similar topic only for you Order Now Which have traditionally been strong business field for the company. Nuclear energy: 1. Nuclear reactors are the strongest power plants possible and the most economically feasible 2. Recently Siemens has taking up its nuclear activities anew and is expending to become involved in international agreements. With Siemens becoming a potential new partner in the Russian market that holds dozen of new sectors and china that have plans to have 100 new reactors in operation or under construction by 2020 Hydrophone: 1. Harnessing the power of ocean waves has attracted significant attention since ocean cover 71% of the earth surface. 2. US department of energy established the hydrophone program, designed to conduct RD that will improve the technical, societal and environmental benefits of hydrophone and provide cost competitive technologies. Geothermal power: 1. This technology has a major advantage that it can be installed wherever energy is actually needed. Geothermal plants require minimal fresh water and external fuel pupils, and due to their layout are highly scalable. Smart grids: 2. Smart grid technology seems to be a natural opportunity for Siemens, based on the company’s long history with electronic technology and products. Wolfgang Then believes that the market for smart grids will increase due to climate change and economic stimulus programs. 4) Threats: 1) Carbon-based fuel amount to 39% of Siemens profits, facing the reality that fossil fuel are finite, supplies will eventually run out, it Just a matter of when. The threat is that Siemens contingency plan in renewable energy consist of 11% of its profit. ) Alternative energy: Most alternative energy creation methods have one major drawback: they can generate energy only in places were natures provide the required energy input. Wind energy The size of the wind turbine is not scalable due to technological constraints. To increase capacity, multiple wind turbines there for must be spread out over large distance from one another. Densely populated urban areas do not have adequate space to house wind parks, and rural areas have expressed annoyance with the patterns and agriculture productivities. Wind turbines possess limited efficiency. Wind turbines require large and highly specialized assembly facilities. The first ever float turbines main concerns are the durability and maintenance of the equipment against aggressive environmental condition at sea. Siemens is considering to utilize its size, contingency, competency, and cutting edge technology to further increase its market share and global footprint in wind energy. The question is whether wind energy will turn out to be the leading alternative technology, and if it does, whether wind technologies alone can generate enough profit to keep Siemens aloft. Sola r energy Like wind energy solar power most be extracted were it occurs naturally. Solar panels have a low efficiency. Reaching only about 25% under optimal laboratory conditions. Solar panels due too China has become the leader manufacturer of low-cost Combination of cheap labor and available industrial infrastructure; it drove prices Down by almost The method of disposing of nuclear waste in old caves and salt mind is not 100% safe, in addition there has been reports of increased leukemia rates in areas close to nuclear reactors, changes in the micrometer due to the vast amount of steam released into the atmosphere. Hydrophone: For the technology to work, the seashore needs to be flat with only a slight slope, and requires long stretches of littoral waters. Also tide turbines are restricted to uninhabited beaches, since moving parts under the water surface, can create hazards for swimmers, water sports, and coastal ships. Some drawbacks to wave power include the efficiency of current application necessary resistance against hostile environment (storms and salt water corrosion), cost of electricity, possible impact on marine life, and hazards to shipping. ) Candidates such as geothermal energy and hydra power, not to mention next generation nuclear reactor have evolved quite rapidly in recent years and seem poised to pose a serious threat to wind and solar applications, Siemens most relied upon alternative energy source. 4) Siemens is considering multiple options as its gateway from the problem and has to place some significant bets. If Siemens bets badly, the company risks being relegated to the sidelines as newer, more innovator firms squeeze slower-moving incumbents out of the market. Ill) PEST Analysts: 1) Political/Regulatory/Legal: l. Politician from the US and Germany 2 of the biggest industrialized countries in the world are supporting the development of alternative energy. II. A group of 20 Coos recommendations to 68 leaders in their 2008 climate policy: A paradigm shift to low technological innovation, this will open the door for new energy companies to enter the market Ill. Combined with a growing global awareness of the impact of green-house gases on climate change as well as increased concerns regarding energy security. Energy issues are now receiving renewed interest from government and corporation alike. IV. President Obama visited the wind-turbine blade factory in Fort Medicine, Iowa to show his support receiving importing political recognition. V. Producing industrial- call wind turbines requires large and highly specialized assembly facilities. The entry-level barriers are high. VI. The effort of Siemens research in nuclear energy were put on hold in the sass when the German government passed a law that would gradually withdraw the country from nuclear-power generation. However Germany is reconsidering this decision. The German parliamentary election 2009 spawned new hopes that the German nuclear industry might be revalidated. VI’. Russia, China and the US are in the market producing and licensing multiple new nuclear reactor (12, 100, 35 respectively) . VIII. Siemens was recently plagued by a bribery scandal and because the US and the EX. Have lows that make such business practice illegal, Siemens was sentenced to 1. 6 billion in finds by the German and the US authorities. However bribery is commonplace in countries such as Nigeria, Russia and China. ) Economic: l. The prices of oil have been trending upward in recent decades. Crude oil prices spiked at an old-time high of $145. 15 per barrel on July 3 2008(up from $50 only 18 month earlier). II. Solar panels have reached a production cost of less than $1 per k output. Ill. US are Jumping the band wagon partly because they believe that millions of new green Jobs may help to reduce high unemp loyment. ‘V. Chinese companies are entering strongly to the wind energy and solar market due to a combination of cheap labor and available industrial infrastructure. China drove prices of solar panels down by almost 50% from 2008 to 2009. V. The Obama administration set a side funding to build smart-grid technologies as part of its recent economic stimulus plan. 3) Social/Cultural: l. Social awareness of the impact of green-house gases on climate change as well as increased concerns regarding energy security. II. Burning of fossil fuel releases carbon dioxide(CO into the atmosphere, which has linked to global warming. In addition many cities have become contaminated by smoke and people are suffering health problems caused by increased pollution. Ill. US government believes that investing in alternative energy will create millions of new green Jobs. IV. Rural areas have expressed annoyance of the sound made by wind turbines as well as their interference with wildlife migratory patterns and agricultural productivity. V. Nuclear power has serious limitations issues include nuclear accidents like Coherently and Fuchsia and how to store nuclear products which can be harmful to any living organism. L. New alternatives-energy technologies are Wing to replace carbon-based fossil fuels. II. Better materials have enabled specialized companies to build ever-larger wind turbines and new improved solar panels though increasing efficiency and reducing cost. (example: the 3. 6 mm wind turbine, first-ever floating wind turbine, cost efficient Chinese solar panel, turnkey high-tech solar plants). Ill. R in various companies has spurred immense efforts to find optimal ways not Just to capture but also to store and distribute energy generated from natural resources. IV. US department of energy recently announced 40 million dollar in founding to support design and planning work for the Next Generation Nuclear Plant (NSP). V. Harnessing the power of the ocean waves has attracted significant attention since oceans cover 71% of the earth surface. Furthermore the US department of energy established the hydrophone program designed to conduct R that will improve the technical, societal and environmental benefits of hydrophone and provide cost competitive technologies. VI. The new smart grid technology include self-monitoring ND possibly self-repairing capabilities, smart sensors and meters, and a communication network similar to the internet. V) Competitive Analysis: 1) New Market Entrants: l. A paradigm shift to low carbon economy by 2050 has a potential to drive forward the next chapter of technological innovation, this will open the door for new energy companies to enter the market. II. Since the market of wind energy has high future potential new players are entering the competition most notably from china and In recent years China has become the leading manufacturer and global Japan. Ill. Exporter of l ow-cost solar panels. V. Concerning the nuclear energy I-J, Japan, Taiwan, south scoria and India are difficult market to inter because they possess their own technology and production capabilities and for security reasons. V. Start-ups are investing significant resources in R to engage in smart-grid technologies (2 of these start-ups, Grid Point and Silver Spring Network, have managed to raise $220 million and $170 million, respectively). 2) Supplier Power: l. Sound and wind will not cease to exist within a time frame significant to humanity. II. One of the attractions of wind power and solar turnkey COPS plans is that, once installed, the turbines need constant maintenance which means lucrative long-term service contrast for the original maker and installer of the equipment. Ill. Smart distribution will greatly reduce the current problems with power demands, and can serve to integrate both tradition and alternative energy into a common power supply and distribution network. 3) Buyer Power: K made this market perfectly competitive. II. Knowing that energy from carbon based fuel is still at disposal and at constant price competition in this market will remain high which will give consumer a buying power. 4) Product Technology Development: . Introduction off new 3. 6-Mm wind turbine featuring a 120-meter diameter rotor equipped with 58. 5-meter long rotor blades. First ever wind turbine off the coast of Norway II. The turnkey high-tech solar plans include SSP (concentrated solar power) and CISCO (integrated solar combined cycle system) plants. Ill. The next generation nuclear power plant (NSP). IV. Technologies in hydrophone (e. . , the Appeals Wave Energy Converter) to harness the power of ocean waves. V. The smart grids technologies that will help to avoid power outages, make the grid more reliable, reduce maintenance and save energy. VI. Craig Veneer a key figure in decoding of the human genome, actually view algae as the most promising path in renewable energy source. These microscopic plant cells are present in an infinite supply and can generate energy quickly effectively and in an environmental friendly manner. 5) Competitive Rivalry: l. Siemens leading competitors are ABA, GE and Lastly. Never less it is always intriguing to meet in the same room and talk about collaborative ways to improve worldwide energy efficiency. II. GE launched a multimillion dollar accommodation initiative to leverage its wide-ranging technological capabilities to address problem in he green-energy arena. Ill. Enron (Germany) and Vestals (Denmark) is the major competitor of wind energy in the U and GE in US. While China and Japan are also trying to enter the market in Asia. IV. Rivalry within the solar energy market is strong and almost perfectly competitive. V) Gap Analysis: 1) Customer Gap: One example of a customer gap that may be facing Siemens is when they introduce their floating wind turbine. This gap will expand if the durability and maintenance costs exceed its value. Trying to close this gap Siemens is now testing this technology to evaluate whether it is feasible or not. 2) Provider Gap 1 (Listening Gap): Cutting down the number of sector from 1 dozen to Just 3 helped Siemens close down its listening gap by concentrating on fewer divisions, moreover the energy market is a very complicated buyer and seller will exchange all the details before the buying process is done. It’s so difficult to find a listening gap in this market. 3) Provider Gap 2 (Design Standards Gap): understand customer requirements and the presence of upper management in all transactions ( buying and selling ) to improve focus on customer requirements 4) Provider gap 3 (performance ) Turnkey COPS plants and wind turbines need a long term service provider for Constant maintenance. Siemens will try to narrow this gap by providing a on-duty engineers to maintain a standard in all its plants. In addition working on the new developed Smart-grid will help ensure a positive outcome and narrow this Gap. 5) Provider Gap 4 (Communication Gap): Siemens claimed to be the only company worldwide that support customers with efficient products, solutions, and know-how along the entire chain of energy conversion from the production of oil and gas to power generation and the transmission and distribution of electrical energy. To narrow its communication AP Siemens must maintain these standards and deliver a price competitive product and services. VI) Alternative Courses of Action: The question raised by Siemens is what to do and where to invest? Do they try to improve their current alternative energy projects? Or try to expand to different sources? Will it be efficient to invest in new alternatives source or acquire smaller companies with innovative technologies and promising market segment? 1) Alternative one: Increase investment in research of the algae plant that shows a promising path. Disadvantages: it might turn out to be Just rubbish and all investments made could e lost. Advantages: Siemens could be a first mover in this field of renewable efficient and environmental friendly energy source, which could change the world as we know it. 2) Alternative two: Increase further its footprint in the wind market by introducing multiple giant and floating turbines. Disadvantages: it might turn out to be inefficient compared to its coast and maintenance and another first mover in some other field might be more efficient and resourceful. Advantages: by increasing its footprint in the wind market Siemens will remain the only leader and increase its market share. Alternative three: Giving wind energy its rightful share but increasing investment in solar panels by acquiring new research companies that are currently working on making new improvement in the solar business one kind has a (microscopic forest) that collects liquid water to produce steam. Advantages: Siemens will insure that the investment will pay off on the long run knowing that the sun is there for ano ther 5 billion years. Disadvantages: the initial gains on this technology might not be realized under the Siemens name. W) Recommended Course of Action: Our recommendation lies on the 3rd alternative. VIII) Reason for Choice: By giving wind energy its rightful share and nuclear power a miner share, focusing on solar source innovation is a very desirable choice knowing that first sun is infinite secondly solar panels are very cost efficient which will give a higher ROE than any other source of energy and finally it is environmental friendly and social acceptable. Recommendations: a. What should be done? Siemens should retain all its work flow and progress but focus more on energy coming from the sun as this energy will be the a panacea for the world’s economy as well as environmental concerns. How to cite Energy Management Case Study: Siemens, Free Case study samples

British Steel by Judas Priest free essay sample

The British Steel album by Judas Priest is fast, exciting, and focused on the idea of living why you can. Alibet, the band abandons the darker themes they had previously created through past albums, it keeps the interest sparked with the lyrics and the great sound. Its the music that creates the feel of being alive, and it gets the adrenaline pumping. The song Breaking the Law has created an amazing opening to the album. The fast paced song makes the band seem a little more on the edge. United and Living After Midnight are also some of the more extraordinary songs as they represent the more fun filled part of the album. Around the time this album was being made one of the band members was actually gay and getting ready to tell the world, only being different was not yet accepted. Not only was it their first song to be written by current members of the band, but it also featured their amazing drummer Dave Holland. We will write a custom essay sample on British Steel by Judas Priest or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The musicality and chemistry between the band members is evident through these songs as the lead singer Al Atkins and the guitarists compliment each other as the drums in the background match each other beautifully. Although the band members are not the original members of the band, Judas Priest manages to stay true to their rock and roll nature.

Using Informatics in the Clinical Setting free essay sample

Using Informatics in the Clinical Setting NURS-6015, Section 3, Information and Healthcare Technologies Applied to Nursing Practice June 12, 2011 Using Informatics in the Clinical Setting Information technology, the interpretation and management of information using computers to analyze data, is not a new concept. Computers assist people day-to-day, from simple budgeting using a home computer, to larger management of government budgets and programs. The healthcare industry, especially nursing, has been slow in embracing available technology (Simpson, 2005). Daily, nurses gather data, turn their data into information, and, analyze the information using evidence-based medicine to provide patient care. Computers provide an effective and faster way to process information, share the knowledge derived from the information, and add evidence to the nursing role (Hebda Czar, 2009). The purpose of this paper is, to evaluate the use of informatics in my clinical area and suggest areas of improvement. Streamlining Paperwork Paperwork will always be a part of any health care industry. As informatics evolves, we will undoubtedly find ways to omit paper records altogether. However, there are many times when providing paperwork is necessary: in discharges from hospitals or urgent care settings, visit summaries after office appointments, and for consents requiring signatures. Paperwork is also necessary, when attending meetings where discussion of reports, management of the department, and consideration of future needs of the work area or patients include many participants. Of course, all of this information will undoubtedly end up in a database. In my clinical setting, we have electronic medical records (EMR’s), interoffice email, and instant messaging which alleviates the clutter of paperwork. Many times, before nurse planning meetings, our administrative assistant will make copies of the agenda items, and distribute them prior to the meetings. All of us have this information in our email accounts. However, when it comes time to meet about these items, we need the printed document to participate and take notes. The nurse informaticist needs to be the leader in implementing the use of tools that are cost effective, streamline care and coordination: all without the inconvenience of clutter (American Nursing Association, 2008). One proposal is to have an overhead of the data or reports we are discussing, and participants can take notes they deem pertinent, without the waste of many paper printouts going into the trash. Communication Most people believe communication is generally two or more people talking, or people writing and receiving letters (Dobkin Pace, 2006). With the increasing use of informatics, primarily EMR’s, communication is evolving. In the clinical setting, we have many patients who can access many parts of their EMR online. They review lab results, send and receive messages to and from their healthcare team, and review topics concerning their diagnoses. In 2004, a part of President Bush’s State of the Union address, concerning EMR’s, made it clear that integration of a fully functioning EMR should be in place and operable by 2014 (Speedie Davies, 2006, Suppl). Currently, the company for which I work strives to deliver information to providers, staff and patients, which are evidence-based. By providing evidence-based care, and utilizing an EMR, the nurse can provide sound care, plan patient outcomes, receive alerts for medication management, health maintenance, and the healthcare team has current information available day or night. This is especially important in the management of patient care where multiple parties are responsible for the health and well-being of the patient (HIMSS Nursing Informatics Awareness Task Force, 2007). Having worked for this company for ten years prior to their implementation of the EMR, I know we are moving forward in communication ability. A few years ago, after taking seriously, nurses being involved in the implementation of EMR’s, we have realized positive changes: duplication of information, medication errors related to allergies, and delay in reconciling information after hospital stays has been reduced. Clinical Resources Decision Support Tools Making decisions for patient care, as nurses, is a daily undertaking. Now, more than ever, we encounter patients who bring information to us pertaining to their disease processes. Many times, the patient searches the Internet, looking for the answer they want to have about their health, and not the accurate answer. Management of information is critical for the nurse and, thus, the patient in order to provide quality care (Boyd Catt, 2007). I am fortunate to work within a system of evidence-based practice and evidence-based care. Decision support tools are available for most patient needs. Discussing reliable versus unreliable information with the patient makes the discussion easier with these tools. Patients also have access to a medical encyclopedia at the website from which they access their medical record. Unfortunately, reliable links to health information, for patients who crave more knowledge, are not available here. Having additional information links for the patient, can corroborate the information they already have, thus providing peace of mind. Seeing patients for various colds, sinus, throat and ear concerns, is a daily assignment in our clinical setting. Standing orders for procedures, tests, and medications are available for the nurses, which are in place, because of evidence-based practice, care, and medicine. A patient, after nurse assessment for example, who meets the criteria for sinusitis treatment, receives education and medications where appropriate. The clinicians, using support tools for these purposes, delegate testing, diagnosis of the condition, and medication ordering. Decision tools regarding medications pop up on a screen to aid in choosing the appropriate treatment based on the patient’s current allergies, medications, and company formulary. Finally, any prescription ordered, gives an alert if there is potential for an adverse outcome, for instance, regarding impairment in renal function. Informatics Aiding Patients Contribution to Patient Safety Now, more than ever, patients are becoming active participants in their health. Gone are the days where a patient would not dream of challenging a doctor’s word and patients were not consumers of health information. Patients have become consumers of health information as the Internet provides a potentially unending vat of information. Clinicians are challenged by the scale of power leaning toward the patient (Wald, Dube, Anthony, 2007). Informatics can assist the health care team in providing a patient with reliable resources based on their individual health needs. Nurses must engage the patient Internet consumer in accessing reliable data while not alienating or downplaying their efforts in being a participant to their health care (Hebda Czar, 2009). Keeping the patient safe is a primary advocacy role of the nurse, and information technology adds another layer to patient supervision and education. In my clinical setting, we have many resources and guidelines that we use to identify patient needs. Many of these guidelines have resources, other than the clinicians who write them, for our regional use. Many times, patients will call wanting to try a new medication, procedure, or a friend has made a recommendation to them regarding a particular health topic. Research shows that EMR’s have a positive effect on patient safety (Parente McCullough, 2009). At our fingertips, in the clinic, we have the patient’s EMR, and a mass of information to assist in educating the patient. One size does not fit all, and a patient calling because a friend told her a candy bar diet is the best weight loss program in the world, needs some intervention. While this is extreme, a diabetic patient may not take into account their dietary needs in general. When a patient voices interest and determination in starting a dangerous diet, the information the informatics team provides us with, helps to move the patient in a healthier direction. Summary Informatics is here to stay, and nurses should rejoice. Never before has so much information been available to nurses, and provided by nurses. Communication is paramount to patient safety, and knowledge of current evidence-based plans of care will give the nursing community the voice it needs to maintain all aspects of patient care (HIMSS Nursing Informatics Awareness Task Force, 2007). Education of the patient begins with education of the nurses who disseminate information daily. EMR’s are only one part of the bigger picture of informatics. Having the clinical tools to further nursing practice and patient education can result in better patient outcomes, patient satisfaction, and nursing satisfaction. Patients trust nurses to answer the unanswerable, find the information they cannot find, and validate their feelings regarding their state of health. Maintaining the informatics community, by nurses owning a part of the community, will strengthen our ability to care for our patients and their families by using evidence-based medicine and plans. References American Nursing Association. (2008). Nursing informatics: Scope and standards of practice. Silver Springs, MD: Nursebooks. org. Boyd, G. , Catt, D. (2007, April). Talking IT through. Emergency Nurse, 15(1), 8-11. Retrieved from http://emergencynurse. rcnpublishing. o. uk/ Dobkin, B. , Pace, R. (2006). Communication in a Changing World. New York, New York: McGraw-Hill. Hebda, T. , Czar, P. (2009). Handbook of informatics for nurses healthcare professionals (4th ed. ). Upper Saddle River, NJ: Prentice Hall. HIMSS Nursing Informatics Awareness Task Force. (2007). An emerging giant: Nursing informatics. Nursing Management, 38(3), 3 8-42. doi:10. 1097/01. NUMA. 0000262 926. 85304. a6 Parente, S. , McCullough, J. (2009). Health information technology and patient safety: Evidence from panel data. Health Affairs, 28(2), 357-360. doi:10. 1377/hlthaff. 28. 2. 357 Simpson, R. (2005). From tele-ed to telehealth: the need for IT ubiquity in nursing. Nursing Administration Quarterly, 29(4), 344-348. Retrieved from http://journals. lww. com/naq journal/pages/default. aspx Speedie, S. , Davies, D. (2006, Suppl). Telehealth and the national health information technology strategic framework. Journal of Telemedicine and Telecare, 12(Supplement 2), 59-64. doi:10. 1258/135763306778393144 Wald, H. , Dube, C. , Anthony, D. (2007). Untangling the web—The impact of Internet use on health care and the physician–patient relationship. Patient Education and Counseling, 68(3), 218-224. doi:10. 1016/j. pec. 2007. 05. 016