Phuket Beach Resort Essay

Case Report : Phuket Beach Hotel Executive Summary Phuket Beach Hotel has space located on second floor of the main building which was underutilized. Planet Karaoke pub was expanding in Thailand and looking for a venue in patong beach area for setting up another outlet. Planet Karaoke Pub found unused space of the hotel most suitable for their new venture. Beach Karaoke pub project does not considered salary as excess man power is available but if we considered cost of staff salary, Beach Karaoke pub becomes less attractive. There are many factors that cannot be quantified but they need to be addressed for the evaluation of the projects including Security issues. Additional security guards can be hired to maintain law and order but the costs of extra security is not provided for analysis. Recommendation Wanida should suggest an investment recommendation in favor of the Planet Karaoke Club (PKC) project. Reference : On-line segments Text Book – Financial management (Theory & Practices) Phuket Beach Hotel report

Business Information Systems Design and Implementation

In the provided case scenario, it is observed that the management of August Online Technology has intended to conduct a financial analysis for the next eight years based on its i e, expenses and tax among others. There are several indicators to evaluate the future potential of the pany among which the ou e of net i e after tax can clearly depict the possible profitability in the near future. Analyzing the overall financial performance is the most essential practice that enables the pany to not only recognizes its own capability but also helps to pare its financial position with other rival panies as well as the external market requirements (Waghmode & Sawant, 2014). Goal seek analysis is considered to be the most essential practice through which the pany can have knowledge regarding the possible practices as per its financial abilities (Waghmode & Sawant, 2014). The following pictorial illustration (Figure 1) clearly depicts that the sales of the pany is expected to increase within the next eight years with the support of the product X. The annual revenue of the pany in the initial year is around $50,373,252, which is expected to increase up to $77,498,088 as shown in the below mentioned diagram. The estimated sales have been calculated based on the total unit sold in the previous years and average sales growth rate prises of $235,411 and 3.25%. The provided scenario describes that the pany has increased the overall sales every year as well as the price of the products are also increased by 3%. Thus, based on these elements, the sales of the next years have been calculated accordingly, which is found to be steadily increasing thereby representin g higher profitability for the pany. Considering the goal-seek analysis, there are certain elements on which the sales growth rate largely depends such as annual price growth, annual sales growth and the previous year’s sales. Now, in case the average of the annual sales growth rate gets decreased, the revenue or annual sales will also be reduced. For instance, in the Year 6 and Year 7 the pany failed to perform due to which the sale growth rate b e -2% and -3%. Therefore, the overall sales of the pany for Year 7 and Year 8 will be reduced from the estimated figure. The stated fact can be elaborated with the help of the following diagram (Figure 2), wherein it is clearly represented that the sales of Year 7 and Year 8 has been reduced due to the changes made in the average growth rate. Thus, based on the understanding obtained from the goal seek analysis, it can be r mended that the pany must require the maintainenance of its estimated growth rate as the minimum point to attain the target sales within the particular period. However, from the diagram (Figure 2), it has also been apparent that after reducing the average growth rate and price increase rate for two years, the pany sales still continues to increase in the Year 7, which reduces in the last year. From this instance, it can be assumed that the pany has high potential in the near future, as it has the capability to face financial loss without slowing down the sales growth. Based on the financial performance of the pany, it has been apparent that the pany can develop its revenue along with higher profitability even in this petitive market (Fridson & Alvarez, 2011). The following pictorial illustration (Figure 3) represents the overall financial projection value of the pany, which has steadily been increased with time and at the end of eight years the pany is expected to earn approximately $23,171,928. Concerning the expenses, advertising the product as shown in the above diagram (Figure 3), cost of web services, maintenance of the production or operation, rent of the corporate space, salaries to the involved workers, cost related to shipping the products to the end users and supply chain expenses are the estimated elements based on which the total expenses has been calculated. All the expenses apart from maintenance are calculated through particular percentages, which have been elaborated below: The net i e of the pany has been calculated based on all these expenses and the overall expected sales or the product during this particular period. The following diagram (Figure 4) depicts the projected net i e that the pany can attain from the product X, which has steadily been increased by the end of the Year 8. Thus, it is apparent that the pany can largely concentrate on maintaining the growth rate with the support of developed strategies and well-managed workforce, which will eventually help to provide the estimated ou e at the end of the period. Apart from this, it is also worth mentioning that the pany can easily enhance the target arena as it has higher financial capability, and can support to bear the possible loss due to new entrants (Fridson & Alvarez, 2011).   The August Online Technology has aimed to enhance the revenue for the product X with the support of new market trends such as internet. Based on the projected financial analysis, it can be stated that the pany has high potential in future, as the net i e is estimated to increase steadily over the period of time. Therefore, the pany can concentrate on enhancing the sales volume of the product by investing in marketing. In this regard, it is worth mentioning that online marketing has b e a huge medium for organizations in the present context, wherein through a particular platform the marketers can target the entire global arena (Fang & Zhou, 2012). The August Online Technology can also utilize the internet source to market the product X, which will help to make the huge numbers of customers aware of the product, thereby enhancing the overall sales volume. Nowadays, every age group of people prefers to use online sources for obtaining information regarding the products in terms of reviews and customers’ feedback. Therefore, with the support of the web designer or developer, the pany can create an online platform for placing the product in front of the target population. There are several services provided by the panies through online forum in the current market to retain the potential customers (Yannopoulos, 2011). However, parallel to creating a website, the August Online Technology also needs to maintain transparent munication with the customers. The pany can develop the website in such a manner through which the customers can provide their feedback or share their experience with the product. This can on one hand help the pany to improve the product quality, while on the other hand the customers can also get attracted due to this facility as they are also valued by the management in the decision making. On the other hand, web publishing is also considered to be another suitable activity to attract customers in this world of immense petition. Internet has b e a huge part of the daily life schedule of the individuals for which the marketers has also initiated to portray all the required information on the social media website (Fang & Zhou, 2012). Taking the reference from the stated fact, August Online Technology can also utilize web publishing as their promotional tool, wherein it will publish all the promotional activities through the pany website as well as other social media websites to make the customers aware regarding their new policies or offers. Security threat has b e the most crucial aspect, which is continuously increasing across the globe and has caused a serious concern for panies to ensure product privacy to the customers (Alabady, 2009). There are numerous threats in security risks or network attacks among which hacking majorly affects the privacy maintenance. Since the pany will be maintaining an online platform, it has huge security risks in terms of hacking. Due to the process of hacking, it is possible that the hackers will extract the required information from the pany website or the pany will not be able to control the website. Apart from this, other security risks include snooping and eavesdropping, which are regarded as the threat to accessing the pany secure data by any unauthorized person without the consent of the pany management (Padmavathi & Shanmugapriya, 2009). While developing online forum or maintaining the platform, August Online Technology needs to concentrate on such aspects to avoid network attack s and ensure security of products to the customers.   Alabady, S 2009, â€Å"Design and implementation of a network security model for cooperative network†, International Arab Journal of e-Technology, vol. 1, no. 2, pp. 26-36. Fang, X. & Zhou, Y 2012, â€Å"Internet-future business development focus†, American Journal of Industrial and Business Management, vol. 2, pp. 85-88. Fridson, M. S. & Alvarez F 2011, Financial statement analysis: A practitioner's guide, John Wiley & Sons, United States. Padmavathi, D.G. & Shanmugapriya, M 2009, â€Å"A survey of attacks, security mechanisms and challenges in wireless sensor networks†, International Journal of puter Science and Information Security, vol. 4, no. 2, pp. 1-9. Waghmode, M. L. & Sawant, S. B 2014, â€Å"International journal of advance research in puter science and management studies†, International Journal, vol. 2, no. 3, pp. 419-423. Yannopoulos, P 2011, â€Å"Impact of the internet on marketing strategy formulation†, International Journal of Business and Social Science, vol. 2, no. 18, pp. 1-7. Getting academic assistance from

To critique a research article from a professional journal Essay

To critique a research article from a professional journal - Essay Example is historical, perhaps in memory of the role of hygiene in preventing the spread of infectious diseases based on the experiences of Snow and Chadwick in 19th century London (Course Notes). The second may well be described as a curious interest on a topic so basic but commonly neglected – even in a country like Switzerland that is known for being fastidious about cleanliness – as to be ironic. These made the article an entertaining and educational read and increased the author’s appreciation of evidence-based practice, or EBP, in the medical field. As defined by Sackett, et al. (1996), EBP is â€Å"the conscientious, explicit and judicious use of current best evidence in making decisions about the care of individual patients.† When medical practitioners and health care professionals learn to combine in a balanced way what they learn from clinical experience and research findings, they are able to improve the knowledge of their profession so as to practice it in the best way possible for their patient’s benefit. Learning to critique a research paper is an important part of this process of improvement because it trains the practitioner to discern which of the prodigious amounts of information or evidence are useful and, at the same time, helpful for the patient. We first look at the question, the answer to which is the rationale for the research study. We then proceed to critique the different parts of the paper and end with a set of recommendations. Most social research begins with a general problem that needs to be narrowed down to a specific research question that can be addressed in a single study. Any reader of a paper that clearly attempts to answer the basic question: â€Å"why do physicians fail to practice good hand hygiene? (Pittet et al. 2004, 2)† will initially register a degree of shock and ask, â€Å"What? Doctors do not wash their hands?† The article’s background reveals that a specific problem was identified – less than half of the

Efficiency Wages Essay Example | Topics and Well Written Essays - 2000 words

Efficiency Wages - Essay Example Regarding a model of costly labor turnover, Stiglitz1 writes, firms are likely to pay too high wages. But it should be emphasized that it is possible that the competitive wage is too low. Since the 1970s, the persistently high unemployment rates in many industrial economies have made more and more economists believe that involuntary unemployment is one of the major stylized facts of modern economies. Therefore, a satisfactory macroeconomic labor model should explain well such a stylized fact. The efficiency wage theory has in recent years generally been regarded as a powerful vehicle for explaining why involuntary unemployment has persisted in the labor market. In constructing a business cycle model, "a potential problem of the efficiency-wage hypothesis is the absence of a link between aggregate demand and economic activity"2. Hence, until Akerlof and Yellen (1985) presented the near-rational model, efficiency wage theories still left unanswered the question of how changes in the money supply can affect real output. In macroeconomic theory, the wage is simply regarded as the amount of money that employees receive and is assumed to be exactly equal to the average cost of labor to employers. In practice, the components of wages are more complicated than the simple economic setting would suggest. There exist some gaps between the amounts that trading partners pay and receive. For example, the actual average cost of labor to employers is equal to the wage that employees receive after the addition of hiring and training costs, firing (severance pay) and retirement (pension) costs, various taxes and insurance fees, sometimes traffic and housing outlays, and so on. Some of these costs, especially taxes, insurance, and traffic fees, are set by the process of political negotiations. The resetting processes relating to these costs are always time-consuming and controversial in modern democratic societies, and these costs are not as flexible as other components of wages determined by competitive markets o r monopsonists. Since some components of wages are always inflexible, partial rigidity of wages is thus a realistic specification for economic modeling. When we recognize that wages have the property of partial rigidity, it is logical to expect that money nonneutrality will hence result. The basic tenet of the efficiency wage theory is that the effort or productivity of a worker is positively related to his real wage and firms have the market power to set the wage. Therefore, in order to maintain high productivity, it may be profitable for firms not to lower their wages in the presence of involuntary unemployment. The main reasons that are provided for the positive relationship between worker productivity and wage levels include nutritional concerns3, morale effects4, adverse selection5, and the shirking problem6. The shirking viewpoint proposed by Shapiro and Stiglitz (1984) is the most popular version of the theory. Its essential feature is that firms cannot precisely observe the efforts of workers due to incomplete information and costly monitoring; equilibrium unemployment is therefore necessary as a worker discipline device. I thus adopt a shirking model as the analytical framework of this paper to examine the effects of partial rigidity of wages. The earliest theoretical work on efficiency wages

The Rules of the Game (1939) Essay Example | Topics and Well Written Essays - 750 words

The Rules of the Game (1939) - Essay Example Its real prints were vanished during the strikes of World War II but it later (until the 1950’s) was redesigned almost completely by French film makers Jean Gaborit and Jacques Durand in cooperation with Jean Renoir. Today the film has been applauded and considered as one of the best films ever created in cinematic history. The main cast of the film comprised of Nora Gregor, Paulette Dubost and Marcel Dalio. Long Take and Deep Space Composition Long Take A long take is an unaltered or uninterrupted shot in a film that lasts much longer than usual shots in the same film or in general relative to others. It is carried out so as to enhance dramatic feel and narrative effect in the film. It is created normally using a special camera that could remain steady instead of shocks and imbalances, a Steadicam. Deep Space A film uses the element of deep space when noteworthy characters of an image are placed both near to and far away from the camera. Here, there is no need to focus on the elements in the image as what is the significance of deep focus. Often, directors want to show the real distance between two objects in a scene to the audience and that images near and distant to the camera are both important. The way of staging in a deep space composition is almost the opposite of shallow space. Jean Renoir is one of the directors who use deep space and deep focus in their films as their signature element. From the Film There are a number of sequences or scenes in the film with a long take and deep space composition. A sequence that can be discussed here is of the stage drama which is performed in a horror genre to entertain the audience. It is a fascinating stage show with interaction with the audience and a piano score as well in the background. This sequence is a single shot with no editing and cuts and a heavy effortful camera work has been done to depict the drama and narration in it. The scene lasts for at least 1 minute 50 seconds without any halts. This se quence pertains to a climax in the film which is a famous house party sequence in which there is a stage performance by amateurs to entertain guests and neighbors. This sequence has been applauded as one of the best moves to show the work of long take and deep space compositions together with no cuts. Characters present are all guests and neighbors with non-professional but enthusiastic actors on the stage entertaining and interacting with the audience. The camera work carried out by Renoir in this sequence is phenomenal. The camera is moving forward and background for more than six or seven times; moving from audience to the stage and then to the backstage, forward into the house to the rooms and corridors and almost everywhere in the house. This camera work is quite appreciable effortless. Each and every character is visible whether near or distant to the camera which shows that a long take and a deep space both have been utilized efficiently. While watching this sequence, a user can see all the movements of characters and the clear picture of the background animations going on; this is an imperative attribute of a deep space composition that every character is visible and not blurred. The light work which seems like lanterns being floated in the air by those performers on the stage is quite nice of a work (Ebert R. 2004). Purpose of such sequences The purpose of long take or deep space compos

'An awareness of the impact of (national) culture on people in work Essay

'An awareness of the impact of (national) culture on people in work organisations' is important in today's world - Essay Example The paper also presents two theories of culture namely: Stadial theory and Classical social evolutionism. In the discussion and theoretical consideration, it is true that national cultural awareness has a positive impact of organizational development. National Cultural Awareness Cultural awareness is the consciousness of the way people live collectively in the nation. It further involves knowing the historical position of culture in history and how it has shaped peoples’ way of life (De, 2011). Additionally, involves taking responsibility of supporting the historical responsibility in enhancing developmental culture. Cultural consciousness and awareness is an internal drive which propels an organization to seek to understand and to tirelessly look forward to align their developmental agenda to the organizations’ goals. The past and the present make up the culture of a nation, it is imperative for organizations to know the past history of a nation to determine the effect ive beliefs and their causes. When organizations have a higher national cultural awareness, it shall not only thrive in the present market, but it shall also prepare them for great advances in the future. Organizations which succeed are those that have aligned their organizations’ culture to the national culture. ... This can be made possible by prioritizing cultural knowledge as a major factor in making arrangements for promoting their products. Culture determines peoples associations, perceptions, and it also determines self image of individuals and a nation. It therefore follows that for any organization to thrive; it has to be conscious of the way people live within some boundaries (De, 2011). The world is on the verge great changes and development thereby changing peoples’ culture. Organizations must be aware of the changes which occurs culturally to enable them to adjust properly lets they fail. Cultural position of a nation is becoming exceedingly apparent and its role in socioeconomic development is about expansion and its effect is becoming more deep and effective than before. New perspectives and situations require organizations to adjust on their packaging and marketing strategies. Many organizations fail today while a million others are thriving daily. For organizations stand i n the new situations, they have to strengthen their cultural awareness majorly on the following three thematic areas: they have to be conscious of the position and influence of culture, they have to be aware of the workability of culture, and they have to be ready to take part on cultural enhancement and development. It is important to be aware of the significant position of culture. Culture has a tendency of perseverance and it permeates the minds of citizens. Culture in a nation is like air, it is found everywhere at the same time in a nation, and it directly influences the flow of reality. It does have a profound role in social and economic progress and development through the intangible consciousness. Culture changes

Tourism the best seven countries to visit Essay

Tourism the best seven countries to visit - Essay Example Travelling to different parts of the world has its own pleasures and uses; it is quite a great recreational activity. One gets to learn plenty from the different cultures, places, and people one visits and comes across. I have short listed seven countries that I find interesting, places that I have visited and places which I would like to go to in the future. Each of them has their own geographical features that distinguishes them from other countries. The countries’ statistics that I shall be mentioning later include the capital cities, the historic places, the geographical map, the currency in use and other notable features. Qatar The country which tops the list is where I am originally from. Qatar is an amazing place, particularly during the months of November to April. This is when the scorching temperature lowers down and the weather becomes pleasant and cool, the level of humidity falls and there is even a little rainfall. It is, I think, better for the families to visit this country due to the country’s strict laws regarding how men and women are supposed to act in public. So it would not quite suit a couple, particularly those who are big on public displays of affection. Once there, the visitor should make sure to change their money to the local currency which is the Qatari Riyal. The country is famous for its shopping malls, which are relatively expensive places such as Al Khor Mall, Lagoona Mall and Safari Hypermarket. Other places to visit are: The Kingdom of Aladdin, The Zoo, Al Rumaila Park, Dahl El-Hamam Public Park, Khor Al Udaid Beach, Al Jassasiya, Oryx Farm, Water Sports and Cruises, Desert Safari. Travelling to these places, one may need to hire cars or get a cab or use a bus. (Orr, 2008) Thailand Another country worth checking out is Thailand, the place I visited last summer, which I was told is the hottest time of the year. Those who would rather not be vacationing in such heat should book the tickets for the months of Novembe r to February when the weather is relatively cooler. You can go to this country with your family or your partner. It has enough attractions for both, some of them being Koh Samuei, Hua Hin, Phuket, Chiang Mai, Lamphun, Pai and also Ko Tarutao, Ayuthaya, Ko Chang, Similan Islands. Shopping zones include Siam Paragon, Central Chidlom, Platinum Fashion Mall Prince Palace, Natural Ville and Sivatel Bangkok. Then, of course, there are the beaches Thailand is famous for. These can be reached through various modes of transport from motorbikes, bicycles, tuk-tuks to bamboo rafts. What is notable is that the prices are relatively affordable in comparison to the European countries; the currency used is Thai Baht. (Boraas & Tracey, 2002) India Another Asian country is India, which I would like to visit between the months of October to March since it would be cooler then. It is purely suited for family outings since the culture is Eastern and there are certain behaviorisms to be followed. But i t does not mean that one cannot enjoy the visit, this country does have a lot to offer like the shopping zones such as Dil Hatt, Chandi Chowk, Connaught Place, Hauz Khas and Atria Millennium Mall. Other places to see are: the Taj Mahal in Agra, the various temples, the India Gate, the forts in Jaipur, even the beaches in Goa in particular and Mysore. The currency is the Indian Rupee and its low value makes spending time in the country very cheap. One can go around the place in railways, rickshaws or taxis and even cars. (Singh, 2009) United States of America Everyone is familiar with this country which is so vast that one can visit this place at any time of the year, but September is the month most preferred. Again, a trip to the USA is suitable for both: family as well as couples. There are many tourist attractions, again, most of which we all are already aware of, some being the historic places, the Statue of Liberty, the Niagara Falls, the casinos in Las Vegas, etc. Some of the s hopping zones