Research Essay Example | Topics and Well Written Essays - 750 words - 2

Research - Essay Example Business leaders may want to overprice their products in an effort to cover their costs. However it can result in declining sales for businesses. While all business leaders want their businesses to grow, uncontrolled growth of business can lead to failure for an organization. Adverse selection involves a situation where a buyer or seller  of a product or service is unaware of the quality or state of the product or service. This allows them to approximate what they feel is an accurate price. Because of this lack of information sellers are less likely to offer quality goods and services. Managers face a multitude of challenges when they run their businesses. Some of these challenges include pricing techniques and operational problems. If these problems are not managed effectively and /or resolved it could lead to various problems for the organization. Predatory pricing can be defined as â€Å"an anti-competitive measure employed by a dominant company to protect market share from new or existing competitors†. (â€Å"Predatory Pricing†,n.d.) The gradual reduction of the price of a product may indicate predatory pricing. A firm may want to have a monopoly over a certain market so it sells its products at prices below the firm’s costs of production. ... Certain health care systems may engage in predatory pricing with health plans not in their network in order to prevent smaller hospitals from becoming fully fledged competitors. This practice results in a managed care system monopolizing an aspect of health care. In 2011 the United States Department of Justice stated that United Regional Health Care System had participated in predatory pricing practices with certain managed care plans to eliminate Kell West Regional Hospital as competition. â€Å"DOJ (has alleged ) that United Regional’s managed care contracts with non- Blue Cross plans harmed competition by excluding Kell West from the payer’s networks in exchange for increased discounts on all services at United Regional.† (Argue , n.d., para. 2) Other health care providers may engage in predatory pricing in an effort to prevent new competitors from participating in a certain health care market. â€Å"Management information systems (MIS) are a set of procedure s to collect important business information for making management decisions.† (Vitez, 2012, para 1) While technology has made the implementation of MIS simpler there are still some disadvantages. Management personnel may spend a great deal of time designing, reviewing, implementing and controlling the MIS. This can result in the hindrance of the decision making process of managers. This poses challenges to MIS theorists since some MIS tend to not be adaptable.† (Nowduri , 2007,p.8) Company leaders may not be able to effectively perform their duties if too much time is spent focusing on MIS. It can also be a very complicated system.MIS processes may be disruptive to business operations if the system accumulates an overabundance of information that is irrelevant

Knowledge of Intro to Technologies Essay Example | Topics and Well Written Essays - 1250 words

Knowledge of Intro to Technologies - Essay Example In the present scenario, one unique characteristic of the proposed technology would be on the need to meet the different technology needs of different employees of the company. Interestingly, though the work of each of the employees come together to ensure the successful running of the entire company, each employee’s works is so different that thinking of a different IT solution to each employee is the best way out in ensuring that the technology needs of the company are met as far as emerging technology is concerned. Proposal of Technology Needs Employee Hardware requirement Software requirements Connectivity requirements Subtotal General Remarks Reviewer Laptop, tablet PC, digital camera Windows, office Wireless card, USB modem AUD$2,000 Reviewer needs digital camera and tablet PC to make accessibility to taking of motion and still images easier. It should also be possible to capture audio recordings with these hardware. USB modem will also be appropriate for the laptop whil es the wireless card will be suitable for the tablet PC. Editor Desktop, smart phone, laptop Windows, Photoshop Wireless card, USB modem AUD$2,000 The editor will need a desktop PC in other make large scale editing of still and motion images possible at the company premises. The smart phone will make on the go access to information possible. The Photoshop software is needed for editing pictures and videos. Website designer Desktop, laptop Windows, Photoshop Wireless card, USB modem AUD$2,000 The website designer also needs Photoshop because he will be doing a lot of editing of images. The presence of desktop remains useful to the website designer because he would need to test how well the designed website would perform on different platforms including a desktop PC. Business owner Smart phone, tablet PC, laptop Windows, Wireless card, 3G, USB modem AUD$2,000 A smart phone is specifically mentioned because the business owner would need to make a lot of calls to business clients. He al so needs tablet PC to access mails and the internet as often as possible. Meeting/Conference Room Laptop, large screen monitor, projectors Windows, office Wireless card, USB modem AUD$1,500 The meeting or conference premises ought to have access to sophisticated LCD screen of larger inches to make presentation of meetings possible. There also need to be laptops to make the networking of information possible while meeting proceeds Networking, Printing and File sharing Desktop, laptop, printer, routers, Ethernet hub Windows, office Wireless card, USB modem, LAN Hub AUD$1,500 This is the component that needs larger amount of networking systems. It is for this reason that both wireless and LAN network systems are recommended. Overview of the network setup Considering the various technological demands of the various employees, the most prescribed network connection type to use is the wireless broadband connection. With this internet connection, it should be possible for all employees to access the internet without the need to have any wire aided connections in place. The advantage that this phenomenon will have over other forms of wire connections is that there will be an on-the-go access to the internet as far as a Wi-Fi device is available.