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Outsourcing Agreements
November 8, 2012
Once the decision has been made to outsource, care must be taken to make sure that the best possible agreement is obtained. For this to happen there are several factors that must be heeded. First, the organization must ensure it puts together a good negotiation team. This team is crucial as it must understand the needs of the vendor and the marketplace. The team can help guide the discussion such that the organization achieves its objectives. Poor negotiation has been lauded as the cause of failure in many outsourcing agreements. Another factor is to clearly prioritize organizational needs. In addition to that the organization needs to set a suitable timeframe for negotiation and initiation. Lastly it is important to include a member who understands the legal implications of various ...
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Vicodin: Painkiller or Drug?
November 8, 2012
According to statistics Vicodin was prescribed over 100 million times in 2010. This data is especially surprising given that many experts and the FDA have called for its banning. The drug was designed to be used for chronic pain relief which currently affects over 50 million Americans. The most commonly reported ailment is back pain though it may be used by cancer patients, arthritis sufferes and those suffering injuries. The drug contains a highly addictive narcotic subsance but is scheduled as Schedule III drug by the FDA which allows patients a 30 day prescription with 5 possible refills. Schedule II drugs require a prescrption for each refill. The laxity in relation to Vicodin has seen the drug find its way into the manufacture of metamphetamines. In addition to that many teens are usi...
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Remebering Steve Jobs: Apple Inc CEO.
November 8, 2012
Its just over a year since Steve Jobs passed away after a long struggle with cancer. Steve Jobs performance as the CEO of Apple Inc saw the company grow in leaps and bounds that would leave any board's mouth watering. His return to Apple Inc. in 1997 following disappointing performance saw the company revived and churn out several popular high end products such as the iPhone, iPad, iPod and numerous operating systems. Jobs was often described as a visionary which is evident based on decisions such as those to stop dividend payouts to allow the company invest in research. As CEO he will be remebered as a charismatic leader who was able to innovate and insipire those who worked with him. Owing to a sharp wit and clear understanding of the market, Apple Inc. rolled out the iPod in 2001 be...
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Accounting Information Systems
November 8, 2012
Accounting is one of the oldest professions in the world today and its professionals are essential in almost all organizations. The typical accounting professional is engaged in a tedious task of keeping track of organizational finance. Changes in technology such as the introduction of computers and software have made huge changes in the daily routine of acountants and auditors. Improved information systems have simplified tedious tasks allowing large volumes of work to be completed in less time. Whereas this is useful in the workplace, institutions that teach accounting are having a difficult time coping with the need to integrate knowledge of information systems and core accounmting concepts. This comes in light of the fact employers currently prefer graduates with knowledge of accountin...
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Sexual Harassment at the Workplace
November 8, 2012
Increased awareness on gender issues has brought about awareness on workplace issues such as sexual harassment. This form discrimination includes bullying, intimidation, coercion of a sexual nature or unsolicited and unwelcome promise of rewards in exchange for sexual favors. In many countries sexual harassment is illegal and as such considered a criminal offense. However, proving that one has been sexually harassed is quite a difficult task and many victims resort to silence fro fear of retaliation. Among the items required in such cases include written complaints to the employer about sexual harassment and an interview describing the events are required in most instances. On rare occasions one may need to undergo medical examination. These requirements and the fact that the aggressors ar...
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Marketing Mix
November 8, 2012
The marketing mix is a popular business tool that is used in marketing products. The marketing mix is synonymous with Four P's namely; product, price, place and promotion. The proposal to focus on these core components can be traced to the 60's and the marketer, E. Jerome McCarthy. The Product refers to a tangible or intangible good or service that satisfies a specific customer desire. Promotion refers to the means used to communicate the product to the customer. Price is the amount paid for the product while Place refers to teh point where customers access the product. Based on this principle the best marketing mix will provide a solution that most appropriately addresses these four needs. The Four P's can be consumer or producer oriented depending on the market. Keep in touch...
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Sustainable water supply
November 8, 2012
Suprisingly though most of our planet is covered in sea water, only about 2% of the water available is considered fresh water. Of this portion very little is available via underwater aquifers as much of it is locked in glaciers. The current global population of 7 billion may reach 9.4 billion by 2050 which would result in an urgent need for adequate fresh water. This is because estimates suggest that currently over 1 billion people lack safe drinking water. In light of this dilemma some countries have resorted to desalinating sea water to meet the demand for the precious commodity. Some countries such as Saudi Arabia and UAE have successfuly established plants to process sea water to supplement dwindling underground resources. Another approach to meeting water supply demands is the treatme...
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Outsourcing: When, How and Why?
November 8, 2012
As globalization continues to take root, outsourcing is becoming increasingly common. Outsourcing involves delegating specific tasks to external agencies so as to allow the organization focus on its main objective. Take the case of a large hotel, there are departments within that do not offer guest services but play a major role in overall performance. An example is the engineering department which may be in charge of the heating, refrigeration and air conditioning. In such departments it is common to outsource significant repair and maintenance work leaving a small group of internal staff to ensure operations are smooth and efficient. When outsourcing it is important to take time to select a suitable partner. Consideration should be given to factors such as experience and emergency ...
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Healthcare Provision: A Major Global Business
November 8, 2012
It has been mentioned that healthcare provision is the biggest service based business globally. This can be seen when we consider the significant annual GDP expenditure on healthcare . The US is among the highest spenders on healthcare and increased expenditure has prompted much debate in public circles. Such debate is healthy and requires the public to query if their healthcare program is suitable and sustainable. For example in the US healthcare is funded by both public and private sources. Individuals below 65 recieve health insurance from their respective employers while those above 65 receive government funded aid. There is also a government funded program for the low income segment. On the other hand in the UK health care (NHS) is government funded with the social equality as the pri...
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What Makes A Good Website?
November 8, 2012
With the increasing reliance on the web for information, entertainment and even education, a quality website can either make or break you. For this reason there are several important points any organization must heed to survive online amidst the millions of webpages. One of the most crucial features is the landing page and all its contents. The pictures and logos need to project the organizations mission and vision. The content needs to be well organized and properly presented. Throughout the website the wording used must be suitable for the reader. Unless necessary simple is always good as tech jargon tends to bore the unsuspecting visitor. The overall design of the website must be consistent with minimal changes in the layout between pages. This is essential as user friendliness is very ...
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