Organisational Strategy Example For Free - Free Essay Example

Sample details Pages: 11 Words: 3326 Downloads: 3 Date added: 2017/06/26 Category Business Essay Type Report Did you like this example? 1. Introduction This report has been prepared on the request of the CEO of Crossover Technologies Limited (Crossover), a UK headquartered supplier of a range of services to health care professionals. The company has four major service groups, namely, (a) medical transcription, (b) scheduling, (c) billing and coding, and (d) customised software solutions. Don’t waste time! Our writers will create an original "Organisational Strategy Example For Free" essay for you Create order With delivery centres in the United States, the UK, India and Africa, Crossover has been growing steadily since its founding in 2000. The US governments recent decision on widening the health care net in the country in order to include millions of additional people, presently uncovered by health insurance, in its ambit has been accompanied with the framing of policies and regulations for health care professionals; calling upon them to introduce and maintain Electronic Medical Records (EMR) for all their patients (Adams, 2009, p1). This decision has created an enormous new market for suppliers of such services and has radically altered existing perceptions and paradigms in the sector (McCullagh, 2009, p1). Observers expect an enormous shaking up of the sector to occur because of changes in workforce requirements, adoption of HR strategies and policies, new entrants, and introduction of game changing software (McCullagh, 2009, p1). Whilst Crossover and other industry partic ipants have been anticipating such a development in the US, its actual occurrence has proved to be unsettling and most companies are reviewing their strategic options in this radically changed environment. Crossover has on its own been developing proprietary web based software, which, it feels, will help in improvement of its competitive advantage and in the growth of its market share. Overall projected scenarios of the industry are however unclear, because of the possibility of entry into the sector by big players with deep pockets, ramping up of operations by existing sector participants, and development of alternate products by different companies. This report deals with evaluation of the causes for the development of a paradigm shift and the identification of the different external factors that are expected to impact the organisation. The report analyses the existing strategy of the company and evaluates the possible outcomes of the existing strategic programme of Cross over. The concluding section deals with the actual impact of environmental changes and paradigm shifts on the various organisational strategies of market participants. 2. Organisational Overview Crossover was founded in 2000 by two UK based entrepreneurs as a private limited company with equity from personal sources, as well as from family and friends (Crossoverint.com, 2008, p1). The company aimed to provide services to small and medium medical practices, comprising of one to twenty doctors, in the US and in the UK, for the maintenance of clear and easily accessible records of the medical histories of their patients (Crossoverint.com, 2008, p1). Such records were at that time prepared by the secretarial staff of such practices, either from personal dictations from doctors or from notations on the physical records of individual patients (Crossoverint.com, 2008, p1). Crossover entered the medical transcription business by establishing two small medical transcription centres in South Africa and India (Crossoverint.com, 2008, p1). Health care professionals in the US and the UK would dictate the medical history of patients into recording machines, the contents of which w ould be transmitted across continents over leased lines (Crossoverint.com, 2008, p1). The voice recordings would be converted into data processed word formats by accent trained workers, edited carefully, and sent back to the clients before the commencement of the next working day (Crossoverint.com, 2008, p1). Whilst the initial years were difficult for the company because of numerous production associated problems, Crossover was able to grow steadily in the US market, especially in the affluent Boston Philadelphia corridor (Crossoverint.com, 2008, p1). The company has, over the years, added staff to its Indian and South African delivery centres and introduced services in areas of scheduling, billing and coding, and customised software solutions for the health care sector (Crossoverint.com, 2008, p1). Crossover has gained a reputation for quality that has helped it in retaining clients despite the entry of new competitors and rampant occurrence of price cutting between compa nies to wrest away business (Crossoverint.com, 2008, p1). The company has grown at an annualised growth rate of approximately 13% during the last five years. Its current turnover is approximately 40 million USD (Crossoverint.com, 2008, p1). Crossover employs 450 persons, 375 of whom are based in the delivery centres at Cape Town and Bangalore (Crossoverint.com, 2008, p1). The majority of the marketing staff is located in the US (Crossoverint.com, 2008, p1). The corporate headquarters of the business continues to be in the UK, primarily because of its midway location between the delivery centres and the main market of the company (Crossoverint.com, 2008, p1). Medical practitioners in the UK are however beginning to look at EMR seriously and Crossover hopes to achieve some growth in UK revenues in the coming years (Crossoverint.com, 2008, p1). Crossover has invested the major portion of its profits during the last 3 years into the development of a web based technology that can be bought and installed by individual practices (Crossoverint.com, 2008, p1). The new system has numerous features that simplify and add flexibility to the existing EMR process (Crossoverint.com, 2008, p1). Doctors can manage their complete medical records efficiently with the system, and use voice recording options, if they wish to dispense with transcontinental transcription processes (Crossoverint.com, 2008, p1). Installation of such systems is expected to result in substantial savings of recurrent costs for health care practices (Crossoverint.com, 2008, p1). Crossover derives practically 80% of its revenues from the medical transcription division. The other service divisions came about primarily because of demand from existing clients and the company has made little effort to grow them, both in terms of internal competencies and in terms of sales. 3. Environmental Changes and Development of Paradigm Shift The US government passed a path breaking health care reform bill in March 2010 (Lotich, 2010, p1). The bill aims to make health care more affordable to Americans through (a) the introduction of substantial tax cuts that will benefit middle class families investing in health care, and (b) by reducing premium costs for the families who are unable to afford coverage today (Lotich, 2010, p1). The legislation is expected to help approximately 32 million Americans, (who are at present uncovered), to invest in health care coverage (Lotich, 2010, p1). Approximately 95% of the population of the country is now expected to be covered under health care (Lotich, 2010, p1). The bill will also bring about far greater accountability in the health care sector through the introduction of appropriate rules and regulations for insurance companies and medical practitioners (Lotich, 2010, p1). The health care bill places significant emphasis on implementation of electronic medical records and sy stems, considering them to be instrumental to the ultimate success of health care reform policies (McCullagh, 2009, p1). A recent report from Accenture predicts that approximately 60% of US doctors in small and medium practices, which do not presently use EMRs, intend to purchase and install EMR systems in the coming two years (McCullagh, 2009, p1). Considering that only 6% of such practices use EMRs at present, the expansion in demand is expected to be exponential in nature (McCullagh, 2009, p1). Such increase in adoption of EMR is expected to come about because of two specific causes, financial incentives for implementation of EMR systems and federal financial penalties for their non-adoption (McCullagh, 2009, p1). The intention of hundreds of thousands of doctors in the US to buy and implement EMR systems is expected to radically change a number of premises about the EMR industry and associated businesses like medical transcription. The medical transcription industry wil l be impacted in several ways by the passing of the health care bill. The market for services to health care practitioners is expected to explode in the coming years and generate work of magnitudes that can be compared to the Y2K period. The requirement for implementation of EMRs in the US will lead to the creation of an enormous new market in EMR services. This will in turn spur the formation of thousands of companies across the world that aim to provide such services and lead to the creation of millions of jobs. Market expansion will lead to a surge of new entrants from across the world, especially from countries like India, Brazil and South Africa, and lead to the fresh demand for thousands of jobs in developing countries. With it being difficult to meet such sharp demand in services in such a short period, the increased needs of the US health care sector will inevitably lead to (a) the entry of companies with lesser competencies, (B) quality issues, (c) HR and training ch allenges, and (d) the inevitable demise of many start-ups. The exponential increase in demand will also lead to intense work in development of software and applications by resource rich organisations and to the possible generation of breakthroughs and game changing software. The coming years are thus expected to be uncertain in areas of market size, product development, service formulation, entry of new entrants, development of substitute technology, creation of jobs, cross continental transfer of wealth and services, and intensification of competition. A paradigm shift of such dimensions will very obviously have numerous strategic implications for industry participants, including companies like Crossover. 4. Strategic Implications of Paradigm Shift in Business Environment The anticipated alteration in the US health care services environment will obviously have wide strategic ramifications for market participants (Henry, 2008, p 14-36). The extent of competitiveness in a market is fundamentally gauged, with the use of Porters five forces analysis, from the power of buyers, the power of sellers, the possibility of new entrants, the threats from substitutes, and the intensity of competition between market participants (Henry, 2008, p 14-36). The power of buyers in the sector is expected to reduce because of the enormous anticipated increase in the number of medical practices intending to purchase and implement EMR services. The power of suppliers, namely EMR and medical transcription companies, is not very high at present because of low levels of interest for EMRs among medical practices. Whilst the power of suppliers should in the normal course of events increase with such projected increase in demand, their power could be reduced by the entr y of numerous new entrants in the market place. The threat from substitutes is also expected to be extremely high, with high resource organisations like Google readying their EMR products for the market. Competition amongst existing suppliers is keen at present and is expected to intensify further, as all participants shore up their infrastructure and pitch for increased market share. The overall market is thus expected to be in a state of flux even as competitive activity is expected to increase. The market for medical transcription in the US has until now been influenced mostly by costs considerations, with suppliers ready to provide transcription services at fees ranging from 8 to 12 cents per line (Crossoverint.com, 2008, p1). Whilst the price of medical transcription services is expected to increase in future because of greater demand, as well as financial incentives to medical practices for EMR implementation, the benefit of such increase in prices and market demand m ay well be offset by greater required investment in infrastructure and recruitment and training costs (Crossoverint.com, 2008, p1). Porters theory of generic strategies calls upon companies to choose between strategies that aim either at cost leadership or at differentiation of products and services (Gilligan, 2005, p 7-28). Whilst cost leadership in this area of business will possibly require substantial investments in infrastructure, size of workforce, and training, companies could also find lucrative niche markets through differentiation of services, introduction of new products, and improvement of quality (Gilligan, 2005, p 7-28). Companies will therefore be required to choose specific strategies for the future, whose relevance and market suitability could well decide the success, failure and the ultimate fortunes of such organisations (Gilligan, 2005, p 7-28). Companies like Crossover have different services in their service portfolio, some of which provide them with growth and sustenance, even as others either pull them down or provide hope for the future. The Boston Consulting Group (BCG) Matrix separates such portfolio components into easily understandable categories like Cash Cows, Stars, Dogs and Question Marks. Cash Cows denote product groups that generate cash and are in the mature period of the product lifecycle, even as Stars represent product groups that are expected to do well and drive organisational growth in future (Business Resourceà ¢Ã¢â€š ¬Ã‚ ¦, 2010, p1). Dogs represent products that are adversely affecting business operations, whilst Question Marks represent groups that are yet to show indication of advantage or disadvantage (Business Resourceà ¢Ã¢â€š ¬Ã‚ ¦, 2010, p1). Crossover, for instance has only one Cash Cow, the transcription business, and its other services can be categorised, either as dogs, or more charitably as question marks. The company does however have a proprietary software product that could become a Star in the changed environment and drive the companys growth considerably in the coming years. Crossover thus faces very important strategic challenges and will need to take important strategic decisions in the near future in light of the shifting of the basic paradigms of its business sector. Crossover will have to give serious thought to the changing environment of its business sector, forecast likely scenarios and competitive environments, take note of the shifting paradigms and decide upon a medium and long term corporate strategy (Baker, 1992, p 3-19) defined paradigm to be sets of rules that define boundaries and instruct organisations on how to behave within such boundaries (Alhujailli, 2008, p1). With the basic premises, assumptions and the boundaries of its business sector going through radical alteration, Crossover will need to decide between staying with its established business of medical transcription and trying to take advantage of its existing infrastruct ure, customer base and skill sets to grow its business, or change the established rules of the game and establish new paradigms for the business (Alhujailli, 2008, p1). The company has over the past few years developed proprietary software that can help doctors to manage their EMR records on their own with great efficiency and dispense with cross continental medical transcription processes. The product provides doctors with the option of recording case details and updating medical histories from any location of their choice, choosing between voice recognition and transcription facilities, and handling medical records on their own or through Crossover. The development of the software through the joint working of its software personnel at South Africa and India has also led to its development at a fraction of the cost that would have been incurred in the UK or the USA and the company can therefore sell it at an extremely attractive price to thousands of doctors. Crossover will need to decide on making a serious effort to sell its proprietary software product and by so doing shift or possibly pioneer a new paradigm in the EMR sector, wherein medical practices become increasingly self-reliant in handling their medical records, or stay with its established medical transcription business and take advantage of the anticipated market expansion to grow its business. The first option appears to be the more optimal strategic decision for the company because of associated first mover benefits and the opportunity to increase growth substantially in its chosen business sector. Continuing with its current service mix might well lead to obsolescence, growing irrelevance, and loss of competitive advantage to other fleet footed, innovative and dynamic market participants. Whilst the company will necessarily have to fund its product introduction through the funds generated from its medical transcription business, it will have to alter its business model of prov iding economical transcription services to clients from distant locations by incorporating the selling of a pioneering and potentially game changing product to a much wider audience in its market strategy. The decision will also require the company to change from its current strategy of cost leadership to one of product differentiation and target a significantly increased market. Such significant strategic changes will require Crossword to bring about important changes in its organisational culture and make marketing of products an important business objective. Organisational cultures are developed over time and whilst represented by a range of symbols and totems are usually manifested in organisational attitudes towards market aggressiveness, innovativeness, internal communication, hierarchical structures, and taking of risks. Crossword is likely to have an entrenched service oriented culture, which whilst customer friendly, may possibly lack the market aggression and init iative of successful selling organisations. The senior management will thus have to bring about changes in organisational culture. Changing organisational culture is a difficult task because of changed resistant attitudes of employees. Experts like Kotter and Lewin recommend the implementation of carefully planned stage wise implementation of change management initiatives for achievement of optimal results. Crossover will be well served by the use of their theories in the formulation of its change management programme. 5. Conclusions This review of the recent developments in the market for services to small and medium health care professionals reveals how the passing of health care legislation in the US has radically changed the existing paradigms of this sector, introduced huge opportunities for market participants to grow and develop their businesses, and created significant challenges that will need to be overcome by such participants for organisational success in a dramatically altered environment. The analysis also reveals the significant effect of environmental changes on the competitiveness of specific business sectors, with special regard to, in this case, increase in intensity of competition and the possibility of threats from substitutes and new entrants. Such changes can, as in the case of Crossover, require companies to forecast likely market scenarios in the short and medium term, and thereafter make critical strategic decisions on alteration of strategic objectives, selection of markets, allocation and use of resources, and assumption of the role of paradigm shifters. Crossovers future success will depend upon the strategic choices it makes today and on the ways in which it deploys its many market and organisational resources and strengths in response to the changed business environment. References Adams, M., 2009, Whats Really in Obamas Health Care Reform Bill, Naturalnews.com, Available at: www.naturalnews.com/026733_health_health_care_healthcare.html (accessed August 17, 2010). Alhujailli, A., 2008, Paradigm Shift Deployment Using Lewins Force Field Analysis, Available at: ezinearticles.com/? Paradigm-Shift-Deployment-Using-Lewins-Force-Field-Analysis (accessed August 17, 2010). Barker, J. A., 1992, Future edge: discovering the new paradigms of success, New York : W. Morrow. Barney, J., 1991, Firm Resources and Sustainable Competitive Advantage, Journal of Management, 17, 1. Burgleman, R., Christensen, C., Wheelwright, S., 2003, Strategic Management of Technology and Innovation, 4th edition, NY: McGraw-Hill/Irwin. Business Resource Software Inc, 2010, Boston Consulting Group Matrix, Available at: www.brs-inc.com/models/model14.asp (accessed August 17, 2010). Chheda, C. N., 2005, 2005, Electronic Medical Records and Continuity of Care Records The Uti lity Theory, Application of Information Technology and Economics, Available at: https://www.emrworld.net/emr-research/articles/emr-ccr.pdf (accessed August 17, 2010). Crossoverint.com, 2008, Crossover Medical Technology Inc, Enabling Quality Patient Care, Available at: www.crossoverint.com/ United States(accessed August 17, 2010). EMR Experts Inc, 2009, Electronic Medical Record Practice Management Software, Medical Web Experts, Available at: www.emrexperts.com/(accessed August 17, 2010). Francehan, M., 2010, Whos Cashing In on Health-Care Reform, fastcompany.com, Available at: www.fastcompany.com//health-care-reform-bill-information-technology(accessed August 17, 2010). Gilligan, R. W., 2005, Strategic Marketing management, 3rd edition, Oxford: Elsevier Butterworth-Heinemann. Henry, A., 2008, Understanding Strategic Management, Oxford University Press, Oxford. Hitt, A. M., Ireland, D. R., Hoskisson, E. R., 2008, Strategic Management: Competitiveness and Global ization, Concepts and Cases, 8th edition, United States: South-Western College Pub. Lotich, B., 2010, What Obamas new health care bill means for us, Christian Personal Finance, Available at: www.csmonitor.com//What-Obama-s-new-health-care-bill-means-for-us (accessed August 17, 2010). McCullagh, D., 2009, U.S. stimulus bill pushes e-health records for all, Available at: news.cnet.com/8301-13578_3-10161233-38.html (accessed August 17, 2010). McNamara, C., 2008, Driving Forces and a New Organizational Paradigm, Free Management Library, Authenticity Consulting, LLC. Porter, M. E., 1985, Competitive Advantage: Creating and Sustaining Superior Performance, Free Press, 33-61. Schilling, M., 2009, Strategic Management of Technological Innovation, 3rd edition, NY: McGraw-Hill/Irwin. Smith, D., 2010, FACTBOX-Summary of Obamas Healthcare proposal, reuters.com, Available at: www.reuters.com/article/idUSN021697012010030 (accessed August 17, 2010). White, C., 2004, Strateg ic Management, 5th edition, Basingstoke: Palgrave Macmillan.

My Civil Setting At My Work Place - 1425 Words

The places I chose to do my civil setting was at my work place, which is a restaurant I have just recently started. When observing the customers with eye contact I notice that most of the time people are really good at this, mostly the older aged customers. The teenagers and young adults seem to spare glances at their phones more often or just talk while looking at their phones. I did notice some couples sat by each other instead of across each other, which made eye contact harder. When putting it into practice, since I work at a restaurant this was much easier. To be polite I must always have my attention on the costumers and let them know that I am listening to their order, question, and concerns, so this was not hard. I had some†¦show more content†¦When it was two couples they would call each other nicknames, or call each other sweet names like baby. I find this to be interesting because if you were in a relationship, I would think that if you use nicknames and sweet na mes most of the time, when the time finally comes that you call each other by their real names it would throw you off. I do use the names of my coworkers a lot when I greet them, like when I come in and say hi and how was their day. For customers I am slowly trying to figure out the names of the regulars, but it is difficult when they come and go so fast. I observed a lot of people doing well with listening and a few with failing at it. Once again the older generation seem better at this than the younger ones, even when they pulled their phones out to watch a video they still talked to each other while maintaining eye contact, while the video ran. The girls seem to pull out their phones more than boys. I was already good at listening and not being distracted when I am in a conversation or someone talks to me, because I know the feeling of someone doing that to me and it annoys me beyond belief, so why should I do it to them. Conversation between people seem to jump a lot from what I observed. So much is going on in life that people just jump from one topic to another without really finishing the other topic. The more interesting topics are left with more time to talk about than others. I think this is a bad habit because it makes the topic you bring

How Education as a social institution impacts the Caribbean

Describe how education as a social institution impacts on Caribbean Society and Culture Several social institutions exist in today’s society and they are family, education, religion and the justice system. The Caribbean is defined as that area on the earth located between five and twenty five degrees north of the equator and fifty five and ninety degrees west of the Greenwich meridian. In the Caribbean, education is one of the institutions that is viewed as having the most promise for betterment of a people. Education as a social institution greatly impacts the society and culture of the Caribbean. Education can be defined as the group of social organizations which see to the transmission of knowledge and skills needed for economic†¦show more content†¦This process directly influences the society and culture of the Caribbean. Societies are made up of persons who live, work and generally interact with each other; role allocation allows each person to have a set positio n in the society to know what it is that they are responsible for. In Caribbean culture it is seen for men and women that certain jobs are for men and certain jobs are for females. However, with access to education these traditional roles can be changed where men and women are able to do any type of job they aspire to. As this happens each person can feel more at comfortable as they can now have a be sure of a place in society and also allows a changing of culture as it expands the roles, beliefs and attitudes in our society as men and women are no longer looked at with disdain if they are doing a job which may be seen as not fitting to their gender. In contrast to this the Marxist believes that education results in the generation of a group of unskilled who settle for low paying jobs or the increasingly prevalent occurrence of skilled workers doing jobs they are overqualified for. Our Caribbean society is filled with person in this position and as a result this has adverse effect s on the growth of the society and culture. 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Essay On The Story Of A Book - 1615 Words

Daisy mulled in satisfaction as the heavy thunk of the books dropping into the returns bin echoed through the library lobby. They had been good books, she had gone through them too quickly. But at least it meant that Daisy could now get some fresh ones. Which filled her with delight as she meticulously listed all of the things she planned to read in the lazy summer that stretched out before her. Thank goodness she’d convinced her parents to let her stay with her uncle instead of dragging her to that awful beach house. Her library hung weightless against her hip as she made her way to the on hold shelf. Her eyes lit up as she found a stack of books with a sticky note with her name scrawled on it. She’d been waiting for over a month for†¦show more content†¦But the librarian suggested it. I was only going to read the first page to get a feel for it but I couldn’t put it down.† â€Å"Wait, you’ve finished it already?† Daisy nodded. Her uncle let out a low whistle as he got out of his chair. â€Å"Well then, If you like it so much, perhaps you would like a copy of your own.† He reached for the top shelf of the cherry varnished bookcase and pulled down a heavy leather bound tome. Daisy’s eyes widen as he placed the book in her hands. It was stunning. With its blue and white cover and gold gilded edges. â€Å"Your Aunty adored Austen. She would have wanted you to have it. Plus, that book has all her novels in it so you can see if you like the rest of her work.† A tear slid down Daisy’s cheek as her uncle wrapped her in a hug. â€Å"Thank you. I promise I’ll take care of it. Oh, I love Austen so much, and Elizabeth! I wish I could trade places with her. Then I could read and drink tea all day and no one would think I’m weird. Plus no one would expect me to do P.E because a lady shouldn’t get her dress dirty†. Her uncle chuckled. â€Å"You’d seriously rather live two hundred years in the past than here? 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It required reflection onRead MoreViolent Media Is Good for Kids964 Words   |  4 Pagesundeniable that the title of Jones’s essay is straightforward and aptly named, if not confidently bold. But while his claim may boast confidence, it lacks credibility. Jones does do a great job introducing his controversial claim by using passion, persuasion, and personal experience. However, his insufficient evidence and fallacious reasoning fail to support the claim he is making, and therefore weaken his argument. The author starts off his essay by allowing his reader to take a peek

Thought and Hi Rachel Free Essays

Rachel: Good evening Tom. It’s nice to meet you. Please call me Rachel. We will write a custom essay sample on Thought and Hi Rachel or any similar topic only for you Order Now Tom: Hi Rachel†¦ It is good to meet you too. Rachel: To start off why don’t you tell me a little bit about why you think you are here today and what has been going on for you in your life. Tom: I think I am here because my friend thinks I am a drunk. Maybe I am, but I have a good reason. Rachel: What is your reason? Tom: Because my wife left me. We were married for 25 years, and she cheated. Rachel: I am very sorry to hear that Tom. I can understand how that would be hard to deal with. Tom: it is horrible! When I am up, I am thinking of her, thinking of her with someone else, and then drinking to make it go away. I am alone! Rachel: So would you say your drinking has increased since this relationship ended? Tom: ummm†¦. I guess it has†¦ probably more than a little. I mean the guys and I always had a few on sunday for football, you know. But sometimes I drink and I don’t know why? Rachel: Would you say your alcohol use has affected your job at all, or other family or social commitments? Tom: Well I know I am sick and tired of being hungover in the morning and operating the crane. My family was my wife†¦. we ran from family and our love was all we had. It made us strong†¦ but not strong enough apparently. Rachel: Well we definately need to find you some better ways to cope with this. How would you describe your mood and how you have been feeling since this has happened? Tom: My mood has been getting worse. It’s like the worst has happened but I have this nagging feeling that something unbelievably horrible will follow it. My body also has these pains and aches and I have no idea where they came from†¦ Rachel: Well it is definately normal to feel this way after such a stressful occurence in your life. Although it is hard to remain postive, it is important. Do you have any other support in your life besides your wife? Anyone that you could talk to? Tom: Well Jim. He is the one who said I needed to see a counsellor. He said I looked dissheveled. I trust him but I feeling like I am letting him down. Rachel: Well that is good that you took Jim’s advice to come in and talk to someone. It can be very difficult to deal with something like this on your own. It is good to have social support in your life and someone who can be honest with you. Do you see yourself getting into a new relationship in the future? Tom: I can see that maybe I can move on but I am hurting. I have been too drunk to grieve! Rachel: Why do you think your wife cheated on you? Do you blame this on yourself? Tom: I never could give her brains and a body. I didn’t have brains and my body is getting too old. She took off to the carribean with this lawyer. I wasn’t good enough. Rachel: Im sure there are plenty of great things about yourself. This is not something you should blame on yourself. I think once you put yourself out there you will see that many people will find you attractive inside and out. Challenging your negative thoughts in ways such as this is the first step to feeling better. You will prove your own negative thoughts wrong and will begin to build a new more positive self-concept. I know right now it may be too early to start dating but you should focus on other things you are good at or that you once enjoyed. Rachel: I wanted to ask you a little about your family history. Is there anyone in your family that has suffered from depression or alcohol abuse? Tom: My father drank alot. He was an angry drunk. His mother was sad alot of the time. She killed herself when my dad was 11 Rachel: Im sorry to hear about that Tom. I want to make sure you know that it is normal to feel the way you do right now. I would however suggest talking to your family doctor about taking an antidepressant to help you get back on your feet. It is not something you have to take forever but it can really help to get your life back in perspective. Unfortunately we are out of time for today but I would really like to continue talking to you about this another time. Tom: ok, thank you Rachel How to cite Thought and Hi Rachel, Essay examples

Advice to Tom - Dick - and Harry

Question: Discuss about the Advice to Tom, Dick, and Harry. Answer: Introduction Starting a company, just like any other business, needs proper planning and preparation. Starting a partnership company would be an essential part of entrepreneurship, as well as a start-up success for the firm. The reason is that it guarantees complementary skill sets, partners can share expenses, and one individual can effect interactions with the intellectual capital of the other, so they all benefit from the business (Holloway Parmigiani, 2016, p.460). However, it is not always the case that a partnership company would be great. It can also be tough just like marriages, which mostly do not survive. For a marriage to survive, you have to handle many partnership problems such as money, stress, expenses, ego, and monthly overhead, and so is a partnership business. Following the case of Tom, Dick, and Harry, it is precise that there is a high chance that Marks Ltd and Spencers may not survive. Therefore, what follows in this discussion is a piece of advice to Tom, Dick, and Harry co ncerning how to make their company survive. Tips for a Thriving Business Partnership According to Bayer (2016), there are several tips which are essential for business partnerships. The fact that Tom, Dick, and Harry decided to start a company for selling their cushions, they become obliged to adhere to the tips that will make their business thrive. First, they should have the same vision for their business. Of course, if one partner heads to a different direction in a company, issues may arise. Therefore, Tom, Dick, and Harry should clarify their collective vision for selling the cushions together. Although the partners intention for associating could be different, their high-level objectives must be the same. They should all be looking forward to growing as the best company in supplying cushions because they will all enjoy equal profits at the end of everything. Second, they should recognize each others strengths and take advantage of them. In partnerships, each person has a right to contribute to the success of the business. The other members can then identify the positive aspects of the other and learn from them. Aside from that, they should recognize each others needs and expectations which people do not always express. Individuals go into partnerships for reasons such as client base, connections, reputation, or expertise (Bayer, 2016). If Tom, Dick, and Harry make their prospects explicit, and ideally write them down, they are likely to avoid upsets among themselves in future. For example, Dicks purchase of office furniture at 12,000 and selling to the company at 16,000 might be upsetting to Tom and Harry. However, Dick may be trying to achieve his objective of getting into a partnership which the other two individuals do not know. Therefore, to avoid such frustrations, they partners must explicitly define their needs and intentions for being in business together. Third, they should set the companys, as well as the individual goals, which build upon the vision they created initially. These goals are supposed to be concrete, measurable, and should also meet the different expectations. Tom, Dick and Harry are doing business together. They verbally agreed to form a company and supply cushions, but they failed to build the companys goal and their personal accountabilities to meet their expectations. Creating the business's goals, setting personal goals that are in line with those of the company, and ideally taking advantage of the other partners' strengths clarifies the question of which person is accountable for what. Another important aspect that Tom, Dick, and Harry should put into consideration is the definition, including the accountability, of each of their roles which should not be equal (Sugars, 2008). According to them, it is evident that they have not taken the time to write down their roles in the job explicitly, which is why Tom talks to a milkman to supply the company with milk on credit, but the company further fails to pay the liability. If the partners write down their roles, they would not be able to face such issues because the one in charge of the companys finances may prevent the company from incurring more debts if it cannot pay for them. Additionally, the person will ensure the business pays all its liabilities accordingly (Bly, 2014, p.24). Lastly, the partners should know when it is the right time for them to part ways. It would be quite difficult for a company such as Marks Ltd and Spencers to work out even with their best intentions. There may be conflict or one person such as Harry may want to take a new direction in his career. Once Harry decided to start another company, he would have considered drafting an exit agreement even if he was in the middle of his business with Tom and Dick. Such a step would prevent potential conflicts among the partners and would guarantee a lifelong business. Harry, instead, starts Feathers Ltd secretly and makes Marks Ltd and Spencers get into a contract with it. It is a selfish step because it could be that Harry wants to use Marks Ltd and Spencers to make his company Feathers Ltd grow. Entering into a Contract A contract, whether verbal or written, is defined as a legal agreement occurring between two or more parties (Normington, 2013; Singh, 2010, p.4). It happens when one side makes an offer, and the other one accepts it (Singh, 2010, p.18). For example, Tom and the milkman made a contract when the milkman agreed to supply the company with milk upon which he will get paid once the enterprise gets incorporated. The company also got a contract with Feathers Ltd. Tom, Dick and Harry should understand the terms and conditions of entering into such contracts to avoid future problems, which may affect their company. In essence, the two contracts fall under the unfair contract terms which are answerable to the law. The fact that Tom engaged the milkman into a contract in the name of the company, then the company gets obliged to pay for the milk supplied (Schragis Frishman, 2014, p.4). Else, the milkman can file a case in the court of law whereby Marks Ltd and Spencers will be held liable for breach of contract and they will for forced to pay the milkman a large sum for compensation (McCormick, 2016). Once the courts decide that the company has to pay for the damages caused, then the directors must abide by the tribunal's decision even if it decides a larger sum than what was initially expected. Such penalties may be a hindrance to the companys future performance. Thus, Tom, Dick, and Harry may take this issue seriously and pay for the liability even if their contract was verbal. In addition to that, the contract they signed with Feathers Ltd may also be unfair because it may not be necessary to protect the legitimate interest of the company (ACCC, 2016). Being that they later realized that Harry was the director of Feathers Ltd, then it is open that Harry signed the contract to protect his personal interests and not that of the company. In this case, Marks Ltd and Spencers may choose to breach the contract for fraudulently being induced to enter into the contract by Harry, who hid his identity and led Tom and Dick into signing the contract with his company (Stim, 2016). Aside from that, they can choose to carry on with the contract if it is beneficial to them. Nonetheless, they should know that a company must not go into signing a contract blindly (Steingold, 2015, p.348). There are several things which the required personnel must put into consideration before signing it. For example, the partners should make a proper evaluation of the person on the other en d and ensure the person has earned their total trust, before entering into a contract, for the sake of the real business association. Take-over Bid If Carol Ltd seeks to take over Marks Ltd and Spencers, it has to prove that its bid will not result in an anti-competitive concentration (Redwood, 2016). Stronger needs should be placed on companies concerning maintaining capacity if the buyer promises to keep the business while planning to close it in future. However, to approach this issue from a liberal state, it would be wise, just like what Tom, Dick, and Harry did, to sell their shares to a third party (Steingold, 2015, p.358). It would prevent other investors from venturing because they may fail to sell when they take the bid. Those shares remain valuable assets to Marks Ltd and Spencers, but the new owner has to operate or may sell to a different person to run. In that sense, the company is not at risk of the take-over bid from Carol Ltd. Conclusion To sum up, it is quite obvious that Marks Ltd and Spencers is at high danger of surviving. Ensuring their company thrives, Tom, Dick, and Harry must follow what is contained in this piece. They must understand what they should do as partners for the success of their company, look keenly on the issue entering into contracts, and more so, work together towards ensuring their business is not lost to a different owner. Having this is mind, they will avoid the potential pitfalls for their company. Reference List Australian Competition and Consumer Commission. (2016). Unfair contract terms. [online] Available at: https://www.accc.gov.au/consumers/contracts-agreements/unfair-contract-terms [Accessed 16 Dec. 2016]. Bayer, B. (2016). Seven Tips for a Thriving Business Partnership. [online] Americanbar.org. Available at: https://www.americanbar.org/content/newsletter/publications/law_practice_today_home/lpt-archives/january13/seven-tips-for-a-thriving-business-partnership.html [Accessed 16 Dec. 2016]. Bly, RW 2014, 87 Secrets Of Outrageous Business Success: How To Reach Your Goals And Have Fun Doing It, New York: Morgan James Publishing, eBook Collection (EBSCOhost), EBSCOhost, viewed 16 December 2016. Holloway, S, Parmigiani, A 2016, 'Friends And Profits Don't Mix: The Performance Implications Of Repeated Partnerships', Academy Of Management Journal, 59, 2, pp. 460-478. McCormick, J. (2016). Five Tips Before Signing a Contract. [online] Davislawgrouppc.com. Available at: https://www.davislawgrouppc.com/five-tips-before-signing-a-contract/ [Accessed 16 Dec. 2016]. Normington, J. (2013). 10 key facts about English contract law | SEQ Legal. [online] Seqlegal.com. Available at: https://www.seqlegal.com/blog/10-key-facts-about-english-contract-law [Accessed 16 Dec. 2016]. Redwood, J. (2016). Foreign takeover bids. [online] Johnredwoodsdiary.com. Available at: https://johnredwoodsdiary.com/2016/09/29/foreign-take-over-bids/ [Accessed 16 Dec. 2016]. Schragis, S, Frishman, R 2014, 250 Rules Of Business: Secrets To Growing Your Career And Profits, New York: Morgan James Publishing, eBook Collection (EBSCOhost), EBSCOhost, viewed 16 December 2016. Singh, A 2010, Business And Contract Law, London: Thorogood Publishing Ltd, eBook Collection (EBSCOhost), EBSCOhost, viewed 16 December 2016. Steingold, FS 2015, Legal Guide For Starting Running A Small Business, Berkeley, California: NOLO, eBook Collection (EBSCOhost), EBSCOhost, viewed 16 December 2016. Stim, R. (2016). Defenses to a Breach of Contract Claim | Nolo.com. [online] Nolo.com. Available at: https://www.nolo.com/legal-encyclopedia/defenses-breach-of-contract-claim-33338.html [Accessed 16 Dec. 2016]. Sugars, B. (2008). Avoid These 7 Partnership Killers. [online] Entrepreneur. Available at: https://www.entrepreneur.com/article/196912 [Accessed 16 Dec. 2016].

Artificial Intellegence Identification And Description Of The Issue Essay Example For Students

Artificial Intellegence: Identification And Description Of The Issue Essay Artificial Intellegence: Identification And Description Of The Issue Essay Over the years people have been wanting robots to become more Intelligent. In the past 50 years since computers have been around, the computer world has grown like you wouldnt believe. Robots have now been given jobs that were 15 years ago no considered to be a robots job. Robots are now part of the huge American government Agency the FBI. They are used to disarm bombs and remove dangerous products from a site without putting human life in danger. You probably dont think that when you are in a carwash that a robotic machine is cleaning your car. The truth is that they are. The robot is uses senses to tell the main computer what temperature the water should be and what style of wash the car is getting e.g. Supreme or Normal wash. Computer robots are being made, that learn from their mistakes. Computers are now creating their own programs. In the past there used to be some problems, now they are pretty much full proof. The Television and Film business has to keep up with the demands from the critics sitting back at home, they try and think of new ideas and ways in which to entertain the audiences. They have found that robotics interests people. With that have made many movies about robotics (e.g. Terminator, Star Wars, Jurassic Park ). Movie characters like the terminator would walk, talk and do actions by its self mimicking a human through the use of Artificial Intelligence. Movies and Television robots dont have Artificial Intelligence ( AI ) but are made to look like they do. This gives us the viewers a reality of robotics with AI. Understanding Of The IT Background Of The Issue Artificial Intelligence means Behavior performed by a machine that would require some degree of intelligence if carried out by a human . The Carwash machine has some intelligence which enables it to tell the precise temperature of the water it is spraying onto your car. If the water is to hot it could damage the paint work or even make the rubber seals on the car looser. The definition above shows that AI is present in everyday life surrounding humans where ever they go. Alan Turing Invented a way in which to test AI. This test is called the Turing Test. A computer asks a human various questions. Those conducting the test have to decide whether the human or the computer is asking the questions. Analysis Of The Impact Of The Issue With the increasing amount of robots with AI in the work place and in everyday life, it is making human jobs insecure for now and in the future. If we take a look at all the major car factories 70 years ago they were all hand crafted and machinery was used very little. Today we see companies like TOYOTA who produce mass amounts of cars with robots as the workers. This shows that human workmanship is required less and less needed. This is bad for the workers because they will then have no jobs and will be on the unemployment benefit or trying to find a new job. The advantage of robots is that they dont need a coffee break or need to have time of work. The company owns the machinery and therefore they have control over the robot. Solutions To Problems Arising From The Issue Some problems arising from the issue would include job loss, due to robots taking the place of humans in the work place. This could be resolved by educating the workers to do other necessary jobs in the production line. Many of the workers will still keep their other jobs that machines cant do. If robots became to intelligent this could be a huge disaster for human kind. We might end up being second best to robots. .uaadedfe37666ec8055970c1163cce095 , .uaadedfe37666ec8055970c1163cce095 .postImageUrl , .uaadedfe37666ec8055970c1163cce095 .centered-text-area { min-height: 80px; position: relative; } .uaadedfe37666ec8055970c1163cce095 , .uaadedfe37666ec8055970c1163cce095:hover , .uaadedfe37666ec8055970c1163cce095:visited , .uaadedfe37666ec8055970c1163cce095:active { border:0!important; } .uaadedfe37666ec8055970c1163cce095 .clearfix:after { content: ""; display: table; clear: both; } .uaadedfe37666ec8055970c1163cce095 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uaadedfe37666ec8055970c1163cce095:active , .uaadedfe37666ec8055970c1163cce095:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uaadedfe37666ec8055970c1163cce095 .centered-text-area { width: 100%; position: relative ; } .uaadedfe37666ec8055970c1163cce095 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uaadedfe37666ec8055970c1163cce095 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uaadedfe37666ec8055970c1163cce095 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uaadedfe37666ec8055970c1163cce095:hover .ctaButton { background-color: #34495E!important; } .uaadedfe37666ec8055970c1163cce095 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uaadedfe37666ec8055970c1163cce095 .uaadedfe37666ec8055970c1163cce095-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uaadedfe37666ec8055970c1163cce095:after { content: ""; display: block; clear: both; } READ: Keiretsu and Chaebols Essay They would have the power to do anything and could eliminate humans from the planet especially if they are able to programme themselves without human help. I think the chance of this happening is slim but it is a possibility. .