Virtual Work Place Practise Essay Example | Topics and Well Written Essays - 1000 words

Virtual Work Place Practise - Essay Example The case study was covered in â€Å"Visual Workplace Practice Positively Impacts Business Process,† benchmarking an International Journal. Case Problem According to the case study, businesses in the modern business environment are more concerned about their cost of production than their customer’s satisfaction. It is evident that the abilities of a business to survive in the modern competitive environment depend on its profit margins and the sustainability of their customer base. This indicates that customers also have a stake in determining the sustainability of a business. From the case study, the virtual world has endless opportunities that businesses can exploit to enhance their sustainability. In businesses, virtual world is usually associated with communication. This association shields the possibilities of virtual tools in taking businesses to the next level. Communication is of less economic value to business and their customers. However, communication has addit ional benefits to the business that indicate commercial value to a business. The basic value derived from communication is efficiency, which results in reduced costs of operation and customers satisfactions. The business depicted in the case study is a supplier of medical equipment. Before the business adopted its current information system, the business depended on the traditional receipts and invoices to accounts for its sales and credits. In addition, the business depended on traditional filing system without any concrete information backup or database. This method of operation had many disadvantages to the business resulting in the need for an up-to-date business solution. The business required a business solution that would integrate its sales, supplies and enhance the capabilities of the customers. Initially the company applied start-up software and basic templates to handle its data requirements. In addition, the company relied on manual processing of information to make simp le custom reports. This method of operation was disadvantageous to both the customers and the company. Reporting was also a major problem that the business had to handle in its daily operations. This is because its accounting systems could not link historical data with the current data. To solve the problems the business required to a have a database that had the capabilities of storing large quantities of data (Braden, Thomas, Larry, & Leonard, 2012). In addition, the business required a system that would make historical data easily accessible to the customers. The business also needed a system that would enhance separation of critical information from other junk information. This indicates that the business relied on an information system that was too complex to be understood by its customers and other stakeholders. Solution After analysing the problems, the business managers noted that an obvious solution would be an efficient and interactive information system. The company also required investing in an information system that would reduce complexity in the operations of its customers and employees. The business also required transferring its historical information and sales records into a new database. An effective solution would also enhance the corporate social responsibility of the business. The first target of the new information system

Multinational firms are a force for progress‟. Discuss Essay - 1

Multinational firms are a force for progress‟. Discuss - Essay Example This report seeks to clarify this debate by evaluating the work of other researchers. Following the literature work of other researchers, relevant theories including Neo-Classic theory and Global reach has been discussed. Finally the analysis has been done to reach on a conclusion. Multinational companies have been a force for a century and one group of people believe that these companies have their root in the British East India Company of the 18th century; whereas, the other group believe that root of these companies is in 17th century Dutch (VOC) Verenigde Oost Indische Compagnie (Hijzen & Swaim, 2008). The point of Hijzen and Swaim highlights the point that multinational firms have been a force for a century now and their emergence is not a recent phenomenon. It is interesting to note that most of the researchers do agree that multinational firms are a force. A general argument is that inward investments made by multinational firm is a force for political, social and economic progress of the state for improving the rights of people however, this approach is limited because of various governments are very repressive (Kuhn). Multinational firms appear to exert powerful force in the developing country especially in the provision of health and safety and they are even more influential than governments and local cultures (Ladou, 1996, pg. 363-366). Multinational companies not only influence the host countries but they have a strong impact on both home and host states. Japan and United States are two major countries which are either the home countries or sources of FDI in the world, therefore, the role which MNEs are playing in both of these countries are directly influencing the decisions of policy makers and private sector leaders (National Academic Press, n.d., pg.16). The strong influence of multinational firms is insisting the governments to regulate the operations of these giants. Economic regulation of multinational world is a