Automation vs. Delegation Essay Example

Automation vs. Delegation Essay Automation versus Delegation According to Webster the definition of Delegation is a person or group of persons officially elected or appointed to represent another or others. Traditionally when we use the term in a business sense, the explanation is commonly that of passing lower priority work off to someone who is entrusted to complete it, so that the delegatorâ„ ¢s time and attention can be put to use on higher priority issues or activities. Any small business owner who started out in whatever line of work theyâ„ ¢ve chosen as a result of their own expertise in whatever industry theyâ„ ¢re in will tell you that the hardest part of growing their business is letting go of the idea that they have to have their hand in every process, on every product and in every service that they provide to ensure they are giving their customers the same kind of quality product or service that they gave would give their best friends. Knowing that they canâ„ ¢t do all the work themselves and still meet the expectations of their clients and their own financial goals, they pass off work to apprentices or representatives so that they can take care of the most important aspects of their business. They delegate work to accomplish specific objectives. We will write a custom essay sample on Automation vs. Delegation specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Automation vs. Delegation specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Automation vs. Delegation specifically for you FOR ONLY $16.38 $13.9/page Hire Writer In a broad sense, thatâ„ ¢s why any company has employees ¦because the boss canâ„ ¢t do it all himself and meet the same financial goals. Itâ„ ¢s not so much the idea that the boss even wants to do everything himself, many times he or she doesnâ„ ¢t, however, if processes or activities could be completely automated, the need for employees would diminish and the bottom line profit margins (assuming that the maintenance would be less than salaries) would increase. The problem is that changes in technology are so fast-paced, that by the time you select some new revolutionary technology and get it implemented, it seems as though itâ„ ¢s already obsolete. In addition, most automated processes require a resident expert in the technology and use of the software, not to mention the IT people who maintain itâ„ ¢s healthy operation. Furthermore, given that employees are in fact internal customers, there are some internal processes that nearly demand a face and name as opposed to a button and password. Understanding that not every process or activity can or should be automated, any shrewd business owner will look for ways to do more with the least expenditure of their hard earned dollars. So they hire employees to do specific tasks that are core to the success of the business and unfortunately along with employees come the myriad of regulations, compliance issues and generally aggravating procedures that need to be created and adhered to. Not to mention the burden of taxes and benefits. Unfortunately most companies also hire employees to do specific tasks that are not core to their business success. For example, a dentist, regardless of the size of his practice, does not need an expert in payroll processing to give his clients better dental hygiene. Nor does a software company need an expert in Human Resources on staff to provide their clients with more innovative or better quality software applications. In both cases, the activities like payroll processing, HR, benefits and other various administrative tasks are not core to the business success. Literally, efforts devoted to these tasks are non-revenue generating and should be avoided if at all possible. Now donâ„ ¢t get me wrong. I am a huge proponent of the use of Human Capital Management as a strategic tool. Using HR experts to place the right people in the right jobs and complimenting that with the right policies and procedures not only reduces the cost of hiring and training, but also bullet-proofs the company against employee related lawsuits that can sap a companies profit margins in the pound of a gavel. However, in short, why pay top dollar to have these experts on staff when you tap service providers that have far greater expertise and are far less expensive No less am I a proponent that managing cash flow, budgeting, capital planning and financial analysis are strategic and unique to a company. However, accounts payable, accounts receivable, billing and general accounting are critical, but not core functions. As a potential investor, I would be reluctant to invest in a company whose management is focused on running the best accounting shop in their business, unless that is their industry. A service provider that can process these functions for multiple clients in the same facility can provide significant economies of scale and efficiencies, resulting in lower costs. Again, the short version is: Leave it to the people whose core business is accounting. And the functions above are by no means the only tasks that can be delegated to outsourcing experts. IT, manufacturing, e-commerce and even various types of sales are commonly outsourced to provide far-sighted business decision makers with both expertise in areas they lack and good fiscal sense to use. Yet few small and medium size business owners really understand outsourcing. To many it appears to be relinquishing control of specific areas of their business when in fact it is just the opposite. Outsourcers commonly have more procedural checks and balances in place because it is their core business, so the end result is generally of higher quality or accuracy. They have experts at the ready that some small businesses could not afford to talk to, much less use to administer a non-core function of their business. They also are in the practice of helping their clients grow by providing them with better and faster ways of doing business, not sapping them of their hard earned revenue. Delegating work to those who best know how to perform it and can do so at a lower cost is one of the most common sense business decisions and business owner can make. Outsourcing non-core business functions can provide small business owners with more time to do what they love, meaning do what they do best and not have to worry about back office (or in some cases even front office) activity. Experts say that those companies that are not developing an outsourcing strategy are behind the curve. The bottom line is that delegating business functions via outsourcing providers directly impacts the bottom line. Clearly we are leaps and bounds past where anyone would have dreamed related to automation of business processes on every level, but until we have talking heads on a computer screen that can answer literally any question that anyone asks and perform any procedural task with unfailing accuracy, Iâ„ ¢ll stick to what I know. And what I know is that I donâ„ ¢t know everything. That said Iâ„ ¢ll leave my non-core business functions to those who do.

AIDS in Rural Ethiopia Identifying Risks

Prevention of HIV/AIDS in Rural Ethiopia Identifying Risks Identification of risks Though the Ethiopian people experienced a lot of conflicts and famine, another problem is apparent as they also die of AIDS (Coppola, 2011). The number of women who are infected with HIV/AIDS is high even for those who are in marriage relations (Assefa, Taye, YamÄ hÃŒ ²barÄ wi á ¹ ­enÄ t madrak (Ethiopia), 2008, p. 107). The risk is high to get infected for people of different social groups, in different areas, for different genders and age groups. This means that the risk of becoming infected is high and every person should know about the risk and ways the disease is transmitted to prevent it. Advertising We will write a custom essay sample on Prevention of HIV/AIDS in Rural Ethiopia: Identifying Risks specifically for you for only $16.05 $11/page Learn More As claimed by Massow (2001), the number of officially reported cases of HIV and AIDS in Ethiopia does not really coincide with the actual situation because there are much more people with this diagnosis who do not even know about their problem, symptoms, the ways of transmission. This disease can be really harmful in terms of people’s health and the economic factors related to it because if people are infected, they may die and the workforce becomes unavailable for this country while people from other countries would not like to work their due to the high mortality rate. â€Å"AIDS-affected households will experience a loss o labour and skills, a reduction in their asset base and changes in household priorities to meet short-term food needs rather than engage in potentially risky medium-term investments† (International Livestock Research Institute, 2008, p. 3). Besides, the patients in hospitals may come from different areas. As some patients come from far away, from other settlements, and have to wait for hours for the examination rooms to open and the laboratory staff and volunteers as well as health care workers to start examining patients, the examination rooms start their work earlier (Ethiopian Medical Association, 1978, p. 52). So, it is necessary to inform people about the disease and ways it is transmitted to prevent it and help those who are already infected to live with this disease and not infect their family members. However, there are different risks occurring for the volunteers and people who would like to help. As such, it is necessary to divide the risks and outline the way they should be dealt with. One of the risks to be dealt with is the workload the health care workers already have outside the project which means that they may be unwilling to take part in the project. The second risk is the cultural and social factors because it is considered inappropriate to tell teenagers about such things as HIV whereas they are at risk as well. Advertising Looking for essay on health medicine? Let's see if we can help you! Get your first paper with 15% OFF Learn More The third risk includes challenging, disrupting relations between men and women. The fourth risk includes religious barriers that can be regarded as cultural though the power of religion if often underestimated, especially for rural areas. Companies participating in the project may refuse to provide condoms at a discount, if any; this means that some charity funds should be considered as a backup plan in case some problems with provision of condoms. Another risk concerns the people in charge of distributing condoms making a personal profit from them. Besides, health care workers/core group/sex workers may stop their HIV prevention work when not being monitored. In addition, falsification of records by HCW/Core group is also possible. Dealin with the risks Monitoring and control are essential for the project and for effective results. So, these are important ways to deal with the risks identified. Reference List Assefa, Taye, YamÄ hÃŒ ²barÄ wi á ¹ ­enÄ t madrak (Ethiopia), 2008. Diges t of Ethiopias national policies, strategies and programs. Addis Ababa: African Books Collective. Coppola, Damon P., 2011. Introduction to international disaster management. 2nd ed. Burlington: Elsevier. Ethiopian Medical Association, 1978. Ethiopian Medical Journal, 16-17. Addis Ababa: Ethiopian Medical Association. International Livestock Research Institute, 2008. Dynamics of the HIV/AIDS epidemic in value chain development in rural Ethiopia and responses through market-led agricultural initiatives. Addis Ababa: ILRI (aka ILCA and ILRAD).Advertising We will write a custom essay sample on Prevention of HIV/AIDS in Rural Ethiopia: Identifying Risks specifically for you for only $16.05 $11/page Learn More Massow, Fra Von, 2001. Access to health and education services in Ethiopia: supply, demand, and government policy. Oxford: Oxfam.

Nationals infrastructure accident Essay Example | Topics and Well Written Essays - 2000 words

Nationals infrastructure accident - Essay Example This paper aims at highlighting the various actions that are necessary for the U.S. government to consider in order to mitigate occurrence of similar events in future. For those who watched the media news about the New Orleans landfall made by the Hurricane Katrina in the year 2005, highly remember how water flooded over the numerous levees, which were built to prevent an occurrence of such accidents as well as protecting the city. Several factors contributed to the failure of New Orleans levees ranging from poor engineering designs to the storm’s sheer ferocity (Reilly, 2009). All these factors were into consideration during the reconstruction of the levee after the wake of the Hurricane Katrina. The other low-lying cities in America learned a lot from the failure of New Orleans levees and considered such factors when making evaluation on their preparedness prevent occurrence of such storms. New Orleans is an American city that is located in a unique site, because it is completely below the sea level. Residents of this city cope with the surroundings of large water bodies such as Lake Pontchartrain, Mississippi River, and Mexico Gulf with array of levees designed to prevent flooding water from entering the city (United States, 2006). When conditions caused the breakage of the constructed levees during the Hurricane Katrina in the year 2005, the effect was highly harming and flooding water pooled out covering the entire city. With the initial 24 hours after the storm started, 28 levees had already failed. The total number of failed or broken levees increased to over 55 within the first week. The U.S. USACE (United States Army Corps of Engineers), the core constructor of the levees issued out a public explanation on why the levees failed after several days. According USACE’s account, the design of the levees was only to protect the city from Category Three storms, and the Hurricane

Blue Zuma Project Term Paper Example | Topics and Well Written Essays - 3500 words

Blue Zuma Project - Term Paper Example Project Duration After adjusting the work timings and holidays of the project employees as well as the activities along with their relationships, it is estimated that the project would take two hundred and fifty (250) days for completion. The project would be completed on 22nd December 2008, as shown in the following snapshot. Critical Path of the Project The critical path of the project consists of the activities that include: (2) Market analysis, (3) Product design, (5) Product design selection, (8) Detailed Product design, (9) Test prototype, (10) Finalized product design, (12) Order production equipment, (13) Install production equipment and (14) Celebrate. Greatest Slack Time The greatest slack time is one hundred and fifty nine (159) of the activity named â€Å"Detailed Marketing Plan†. Network Sensitivity The network of the project titled â€Å"Blue Zuma† is not very sensitive, as there is free slack available that ranges from twenty (20) days (Manufacturing Proc ess) to one hundred and fifty nine (159) days (Detailed Marketing Plan), moreover, there is only one critical path of the project. Milestones The first sensible milestone of the project could be achieved after successfully completion of the activities that include: the Market Analysis, Product Design and Product Design Selection. The second milestone could be achieved by completing the activities that include: the Detailed Product Design, Test Prototype and Final Product Design. The milestone is represented with a diamond symbol as shown in the following snapshot. A comparison of Advantages and Disadvantages of the Schedule Table and Gantt Chart The Schedule table as a network diagram could be utilized to review the critical path of the project as well as the Early Start date, Early Finish date, Late Start date and Late Finish date of the activities as well as the project. One of the disadvantages of the network diagram is that it does not show the resource allocation of the activit ies. Whereas, the Gantt chart could be utilized to view the work breakdown structure or activity dependencies along with the activity start and finish time. The disadvantage of the Gantt chart is that it does not show the critical path and the predecessor as clearly as compared to the network diagram. Gantt chart - Snapshot Network Diagram – Snapshot Schedule Table showing ES, EF, LS, LF and Slack – Snapshot Part 2 – Resource Allocation Over Allocated Resources The four resources have been over-allocated in the project, the resources include: the Marketing Specialists, Design Engineers, Industrial Engineers and Purchasing Agent. In the following snapshot, the red color resources are over-allocated. Activities involving Over-Allocated Resources The Gantt chart has capabilities to show the activities which have resources that are over-allocated. Therefore, after reviewing the Gantt chart it has been found that there are three (3) activities having over-allocated r esources that include: the Detailed Marketing Plan, Detailed Product Design and Install Production Equipment. Over-Allocated Resources Levelling Within Slack After levelling the over-allocated resources within the slack (20 days, 159 days, 30 days etc.,) the two of the over-allocated resources named Marketing Specialists and Purchasing Agent have been regularized. However, still there are two over-allocated resources include: the Design Engineers and the Industrial Engine

Business Essay Example | Topics and Well Written Essays - 1250 words - 2

Business - Essay Example In addition, he terminated a central IT steering committee and replaced it with another new structure that pushed IT investment decisions to the line organizations. However, these operations were coordinated by the centralized IT organization. A web based service system (Cisco.com) was the primary style in use at the network level so as to spread company’s operations all across the globe. At the data level, the company employed a client-funded-project (CFP) system. This system mainly strengthened each function to control its own IT budgets. The company’s IT department enabled easy integration with acquired business organizations. To conclude, Cisco spent whatever needed on IT aiming at the operational efficiency of the organization. 2. Cisco faced many difficulties with its internal IT by 2001. The September 11 terrorist attacks and resultant internet bubble burst greatly added to the technology failure in Cisco. Lack of common order-status tool was the man issue that c aused severe issues with Cisco’s internal IT. Although, the company had nine different order-status tools at the end of 2001, none of them were providing the desired outcomes. Therefore, the company pumped more and more money toward the development of such customized tools. However, it was necessary to have some efficient customized tools so as to instantaneously check the order-status while interacting with the customers. Therefore, each company business leader separately paid to get some efficient tools that looked up data about customer orders. â€Å"As a result, each of the tools pulled data from different sources that used different definitions for key terms† (Mac Fee et al, 4). This situation caused some confusion in the organization since the multiple databases created conflicts in order-status reports. It was also observed that IT decisions were made without practicing centralized group checking for conflicts and redundancies. Similarly, lack of centralized pla nning was another major problem that had intensified Cisco’s internal IT difficulties. In the case of ERP system also, many groups had built specialized tools. Hence, the Cisco faced many difficulties to upgrade a newer version of the ERP system as it necessitated the disablement of a number of custom interfaces. As a result, the ERP system did not help more in this situation. 3. The Business Process Operating Committee (BPOC) was a cross functional decision making group established by Cisco in late 2002. This committee included major persons at the helm of affairs of the Cisco. The major objective of this group was to set and drive corporate priorities for the company. The BPOC management team mainly focused on its enterprise-wide productivity. As stated in the given case (7), so as to facilitate this function, the BPOC’s leadership dealt with formulation of key operational policy decisions, alignment of similar initiatives across the company, development of Ciscoâ₠¬â„¢s corporate business process framework, and enforcement of decisions with attention to execution and accountability. It must be noted that the BPOC was not established for funding the economic operations of Cisco. On the other hand, its main intention was to provide effective recommendations for the Cisco’s management regarding the company’s IT spending. The BPOC had a precise authority over the company operations since it dealt with projects that were

Business Plan For Opening A Family Shopping Complex Marketing Essay

Business Plan For Opening A Family Shopping Complex Marketing Essay INTRODUCTION Retailing is the set of business activities that adds value to the products and services sold to consumers for their personal or family use. A Retailer is the final distribution channel that links manufacturers to consumers. A Retailer performs following functions to create value for its product and services:- Providing an assortment of products and services Breaking bulk Holding inventory Providing service ABOUT THE STATE-UTTAR PRADESH Uttar Pradesh is a state located in the northern part of India, with a population over 190 million people; it is Indias most populous state and worlds most populous sub-national entity. With an area of 93,933 sq.mt ENVIRONMENT We can say that Environment consist of the entire solid, liquid, tangible and intangible thing around us. Environment also consists of areas and components that are strongly influenced by humans or it can be said that there are many factors of Environment that influence the decisions of humans. If we talk about Business Environment than our point of thinking will totally be different from the above mentioned definitions because Business Environment focus on the following matters:- understand the working of the economic system and its relationship with the business sector, analyze the impact of the changing policy regimes on business and anticipate the policy changes that are likely to occur or should occur in view of the national and international developments Environment also consists of SWOT analysis of the organization which represents the different factors that can affect the working conditions and rules and regulations of the organization. SWOT ANALYSIS STRENGTHS:- demographic favor rising disposable income increase in number of people in earner category urbanization shopping convenience low labor cost of skilled ones WEAKNESSES:- Policy related issues: lack of industry status for retail numerous license, permits and registration requirements Limited consumer insight: lack of detailed region specific customer data less data on spending pattern Inadequate human resources: lack of trained personnel at all level stringent employment and industry laws fragment approach to human resources Taxation hurdle: inconsistent octroi and entry tax structure vat and multiple taxation issues large grey market presence OPPORTUNITIES:- Potential for investment Location advantage Sectors with high growth potential Fastest growing formats Rural retail Wholesale trading Falling real estate cost THREATS:- Political issues Social issues Inflation Nostalgia Lack of differentiation among the malls that are coming Poor inventory turns and stock availability measures CULTURE Culture refers to the traditions, norms, ethics and values prevailing in the society. Culture is a very important factor that a retailer should always keep in mind while fulfilling the needs and demands of consumers so that a customer can be fully satisfied from his/her purchase. LOCATION STRATEGY There are three things which are most important in retailing and those are- location, location, and location. Location is typically the prime consideration in a customers store choice decision. For example, when choosing where you are going to have your car washed, you usually pick the location closest to your home or work. Most consumers similarly shop at the supermarkets closest to them. Location decisions have strategic importance because they can be used to develop a sustainable competitive advantage. Location decisions are risky. Typically, when retailers select a location, they either make a substantial investment to buy and develop the real estate or commit to a long-term lease with developers. Location Strategy used by Familys Choice Shopping Complex The location strategy used by Familys Choice is very beneficial to it as the place is near to Taj Mahal, which has an advantage that every year a good number of tourists came to visit Taj Mahal and they can gain a good number of customers for their products. Mostly the tourists are very eager to buy different products at reasonable prices specially when they came only for visit, relaxation and nothing else, so Familys Choice will be best suited to them. This complex also consists of cafà © so people can also enjoy some delicious things during their visit and shopping. VISION AND MISSION STATEMENT A vision is a statement of any business which is short, clear and very inspiring. It represents what a business target and what it wants to achieve in the future. Vision statement is just like an image that a business must have some goals before setting that how it going to achieve all those goals. A Mission is a statement which represents that what is the purpose of the organization? And to create a sense of belongingness among employees so that they can be motivated and perform their duties with more responsibility. A mission statement should be short and clear about the goals and priorities of the organization VISION AND MISSION STATEMENT OF FAMILYS CHOICE SHOPPING COMPLEX VISION To become one of the most strongest leader in the Uttar Pradesh in the family products and services segment MISSION To provide best goods and services with full guarantee Selling products at reasonable prices Provide online shopping facility Offer high quality products at low prices Strive to become the best retailer in the whole India within 5-6 years PRODUCTS AND SERVICES PRODUCTS OFFERED BY FAMILYS CHOICE Household Products like:- Eatables Soaps Bed sheets and pillow covers House cleaning products Utensils Other products:- Toys Goods needed for daily use by men Goods needed for daily use by women Shoes Lingerie and hosiery Perfect seasonal clothes Cosmetics and perfumes Food and drink SERVICES OFFERED BY FAMILYS CHOICE Organizing your assets Reviewing asset allocations and insurance Strategizing your financial, retirement, tax, and estate plans Offering a plan to simplify, consolidate, and integrate every aspect of your financial future. MARKETING PLAN A Marketing Plan is a written document that details the necessary actions to achieve one or more marketing objectives. It can be for a product or service, a brand, or a product line. A marketing plan covers between one and five years. A marketing plan may be the part of an overall business plan. If u wants that your marketing plan should be strong than your marketing strategy should also be a strong one. A Retail Market Strategy consists of following points:- The Retailers target market The format the Retailer plans to use to satisfy the target markets needs The basis upon which the retailer plans to build a sustainable competitive advantage For the growth of my Familys Choice in future, I will focus on the following strategies:- MARKET PENETRATION:- A market penetration growth opportunity involves realizing growth by directing efforts toward existing customers using the retailers present retail format. And in my Familys Choice shopping complex, to meet this Market Penetration strategy, I will try to fully satisfy the existing needs of the customers by providing them goods and services of their choice and I will also go for charging reasonable prices so that more customers can be attracted towards Familys Choice. MARKET EXPANSION:- A Market Expansion Growth Opportunity involves using the existing retail format in new market segments. Familys choice is going to mainly target the household material for the ease of housewives and in order to expand its market, it will also provide goods required by kids and also the things which are commonly used by the men so that they can also buy some goods of their choice while coming with their wives for shopping. FORMAT DEVELOPMENT:- A retail format growth opportunity is an opportunity in which a retailer develops a new retail format-a format with different retail mix-for the same target market. In order to develop its format Familys Choice will also go for selling its products online and decided to create a website- www.familychoice.com so that people can get the products of their choice by sitting at home and to order the products on internet there would be free home delivery. DIVERSIFICATION:- A diversification growth opportunity is an opportunity in which a retailer introduces a new retail format directed towards a market segment thats not currently served by the retailer. In order to diversify the existing business of Familys Choice is planning to open its one more complex in any other state after it will successfully accepted by the people of Uttar Pradesh. MARKETING MIX Marketing Mix consists of the four components or FOUR Ps. PRODUCT:- A tangible object or an intangible service that is produced or manufactured on a large scale with a specific volume of units. PRICE:- A price is the amount that a customer is supposed to pay for a product. PLACE:- Place represents the location where a product can be purchased. It is often referred to as a distribution channel. PROMOTION:- It represents all the communications that a marketer may use in the marketplace. MARKETING MIX OF FAMILYS CHOICE PRODUCT:- Household Equipments like, Utensils, Flowerpots, plastic chairs, buckets, and goods of daily use like, soaps, toothpastes, eatables, harpics, and house cleaning products. For kids Familys Choice is going to offer products like, toys, clothes, protein diets etc. For men it is going to offer goods of their daily requirements PRICE:- Familys Choice is going to sell at reasonable prices and also going to offer discounts on certain products so that more number of people can be attracted and customers also feel more satisfied after paying the amount for their products than any other retail store. PLACE:- The location where Familys Choice is going to open is AGRA (Uttar Pradesh), and the place is near Taj Mahal. This place is selected because Taj Mahal is one of the big hub of people and tourists and it has been analysed that people can enjoy their shopping while they came to visit Taj Mahal and even tourists from outside Uttar Pradesh will also be attracted at this location. PROMOTION:- There are different channels to promote your products and services. Familys Choice is going to promote about its products and services through Newspapers, TV, Radio and Magazines so that more and more people can know about this newly open shopping complex. OPERATIONAL PLAN An Operational Plan is a subset of strategic work plan. It describes short-term ways of achieving goals and explains how, or what portion of, a strategic plan will put into operation during a given operational period, in the case of commercial application, a fiscal year or another budgetary term. An Operational Plan should consist of following things:- Clear objectives Activities to be delivered Quality standards Desired outcomes Staffing and resource equipments Implementation timetables A process of monitoring progress OPERATIONAL PLAN OF FAMILYS CHOICE FOCUS ON THE UTTAR PRADESH:- The first element of our organization is to focus on the Uttar Pradeshs customers, with a mission to provide good quality products at reasonable prices to all. We will provide products of different brands but mainly we focus on our own brands. We will focus on using highly innovative strategies to make our products more competitive and also to maintain direct relationship with suppliers. IMPROVED SEGMENTATION OF HOUSEHOLD PRODUCTS:- Familys Choice will concentrate first on gaining the loyalty of core customers, who prefer good household products at reasonable prices. We will focus on the needs of all those women who are very conscious to collect good and different variety of products at their homes. We have planned to gain the confidence of customers in the quality and fit of its household products. DEVELOP HIGH GROWTH AREA OF HOUSE AND BEAUTY:- The home business is growing strongly, with home furnishings and gifts the fastest growing product areas. We have palnned to mostly focus on both these areas as they offer promising opportunities for development and can be expanded at fast track. ACCELERATE STORE RENEWAL PROGRAMMES:- Firstly Familys Choice shopping complex will entirely focus on this newly opened retail store so that a different and good image can be maintained in the minds of the customers and after 3-4 years of opening we will plan to go for more stores under low cost. We will also try to open our retail stores in other states of the country. IMPROVE THE SUPPLY CHAIN:- After the Familys Choice will successfully established in the market, we will try to see substantial benefits from the reconfiguration of the supply base, so that the primary margins in the household segment can be increased. And our main priority would be to eliminate duplication and increase transparency. We will also try to establish closer working relations with the supply partners. FINANCIAL PLAN A financial plan can be a budget, a plan for spending and saving future income. This plan allocates the future income to various types of expenses, such as rent or utilities, and also reserves some income for short-term and long-term savings. A financial plan can also be an investment plan, which allocates savings to various assets or projects expected to produce future income, such as a new business or product line, shares in the existing business, or real estate. A financial plan can refer to the three primary financial statements (balance sheet, income statement and cash flow statement) created within a business plan. OBJECTIVES AND GOALS OF FINANCIAL PLAN 1.FINANCIAL:- In financial plan, mostly people discuss about the profit margins of past, present and future but the main consideration is on Return on Investment (ROI). It refers to take a decision that how you are going to invest your money so that you can get maximum returns. 2. SOCIETAL: Societal objectives are related to broader issues about providing benefits to society-making the worlds better place to live. It also include offering people unique merchandise, such as environmental sensitive products, providing an innovative service to improve personal health, such as weight reduction programs, or sponsoring community events. PERSONAL: Every business has their own important personal objectives, including self-gratification, status, and respect. For example, the owner/operator of a book store may find it rewarding to interact with others who like reading and authors that visit the store for book-signing promotions. FINANCIAL PLAN OF FAMILYS CHIOCE SHOPPING COMPLEX Mainly Familys Choice shopping complex will financially focus on building a customer relationship with clients in order to better understand the clients dreams. Familys Choice financial helps you PLAN by simplifying the demands of managing your wealth in order to enable you to devote time to your family, your personal endeavors, and your business. Familys Choice will include the following costs and expenses that are going to incur:- Business registration fees Business licensing and permits Starting inventory Rent deposits Down payments on property Down payments on equipments Utility set up fees Familys Choice is going to incur following operating costs:- Salaries Rent or mortgage payments Telecommunications Raw materials Storage Distribution Promotion Loan payments Office supplies Maintenance BALANCE SHEET OF FAMILYS CHOICE SHOPPING COMPLEX (in crores) Liabilities Amount Assets Amount Called up share capital 716.9 Fixed Assets Share premium A/C 375.6 Land Building 2,735.5 Revaluation Reserve 445.6 Fit out, fixtures, fittings Capital redemption 2.6 and equipments 1,722.9 Profit Loss 3,094.7 Assets in the course of Interests 15.6 construction 522.8 Creditors 2,438 Investments 58.3 Current Assets Stock 1,335 Investments 260.0 Cash at bank 301.1 Cash in hand 154.4 TOTAL 7,089 TOTAL 7,089 INCOME STATEMENT OF FAMILYS CHOICE SHOPPING COMPLEX (in crores) Particulars Amount Revenue 9,062.1 Operating Profits 870.7 Finance Income 50.0 Finance Costs (214.5) Profit on ordinary activities before taxation 706.2 Analysed between:- Before property disposals and exceptional items 604.4 Profit on property disposal 6.4 Exceptional costs (135.9) Exceptional pension credit 231.3 Income tax expense (199.4) Profit for the year 506.8 Attributable to:- Equity shareholders of the company 508.0 Minority interests (1.2) TOTAL 506.8 7Ps ANALYSIS OF FAMILYS CHOICE SHOPPING COMPLEX PRODUCT:- Familys Choice offer a wide range of products which range from apparels, food products, households products, toys and products of daily use of men. We have planned to most of the products of big brands only at reasonable prices. PRICE:- The tag line is ek baar auoge toh aur kahin nahi jaoge. Familys Choice will work on the model of economies of scale and the pricing objective is to get Maximum Market Share and it will use the following techniques:- Value Pricing:- Familys Choice promises consumers the lowest available without coupon clipping, waiting for discount promotions, or comparison shopping. Promotional Pricing:- Family Choice have decided to offer financing at low interest rates. The concept of psychological discounting (Rs.99, Rs. 49 etc.) is used as promotional tool. It will also cater on Special Event Pricing (close to Diwali and Durge Pooja etc.). Differentiated Pricing:- Time Pricing i.e., difference in rate based on peak and non-peak hours or days of shopping is also a pricing technique used in Indian retail, which is aggressively used by Familys Choice Shopping Complex. PLACE: Familys Choice is going to locate in AGRA (Uttar Pradesh) and after some years of establishing will also try to make its presence in the other big cities of India. PROMOTION: Familys Choice has planned to provide many new and innovative cross-sell and up-sell strategies in Indian retail market. The various promotion techniques that Familys Choice is going to use are start with your best savings, buy 1 get 1 free, and your own shopping complex etc. PEOPLE: People are the key assets for any organization. The salient features of the staff of Familys choice are: Well trained staff, the staff that Familys Choice is going to employ is well-suited for modern retail. Well dressed staff improves the overall appearance of store. Employees are motivated to think out-of-the-box. Retail sector is in growth stage, so staff is empowered to take innovative steps. PROCESS: The goods dispatch and purchasing area has certain salient features which include:- Multiple counters with trolleys to carry the items purchased. Proper display/posters of the place like (DAL, SOAP etc.) Also thinking to start with home delivery counters PHYSICAL EVIDENCE: It is going to deal with the final deliverable or the display of the written facts. This includes the system that we are going to follow and also the availabilities. ADVERTISING STARATEGIES OF FAMILYS CHOICE Tag-Line: Familys Choice is going to use its tag-line as the key components of advertising. The tag-lines are going to be modified according to the demographic profile of customers. These catch phrases appeared on hoardings and newspapers in every city to make the people more aware about it. The catch line includes- ek baar auoge toh kahin nahi jaoge. Print Ads: Familys Choice newspaper advertisements are present just before launch of any new scheme. This creates a different image about big the Familys Choice in the minds of the people. TV Ads: Familys Choice spends alots of money in brand building exercise. Familys Choice commercials are shown on various channels in India. Road-side Advertisements: Familys Choice bill-boards are displayed on prime locations in various cities as a brand building exercise. Radio Ads: This technique is used in different cities. Now-a-days it is replaced by advertisements on FM channels. This informs customers about all the new happenings at Familys Choice. Brand Endorsement by Celebrity: Familys Choice will always be associated with celebrities for advertising and marketing of its brand name. STORE FORMATS OF FAMILYS CHOICE CORE STORES: Familys Choice core stores typically feature a selection of the companys household ranges and a Familys Choice Food hall. The range of products sold and the space given to it depends on the stores location and customer demographic. Most core store feature a food hall. Familys Choice also planned to sell a limited range of other brands, such as Coca-Cola and Pepsi, without reducing the number of Familys Choice goods they sold. HOSPITALITY: In the coming years when Familys Choice will expand its business, the stores will also feature some part of hospitality offering, usually in the form of Familys Choice cafà ©. The cafà © offering typically include coffees and teas, pastries, toasted sandwiches, soups and cakes. The company will also try to open Espresso Bar in some stores, which specialized in drinks only. HOME STORES: Already Familys Choice will mainly focus on the household products but we have also planned new dedicated stores for home furnishings to be launched soon. OUTLET STORES: Familys Choice has a strong idea about outlet stores and their growth expansion plans for the future. The outlet division decided to offer at least 30% discount from their original prices on their own products.

Free Merchant of Venice Essays: Noble and Worthy Jessica? :: Merchant Venice Essays

Noble and Worthy Jessica? While researching for this paper I reviewed numerous essays, assessments, and commentaries concerning The Merchant of Venice. One essay used the terms "noble" and "worthy" in relation to Jessica. The author stated that "sometimes what they [the characters of the play] 'sell out' for is worthy and shows them to be noble (Jessica for example)." The author goes on to say that Shylock's reasons for selling out "seem ignoble." Those statements really got me thinking, so I strolled over to my trusty dictionary to look up "noble" and "worthy." Noble--1. a: possessing outstanding qualities. 2: of high birth or exalted rank. 3. a: possessing very high or excellent qualities or properties. Worthy-1. a: having worth or value. Merriam Webster's Collegiate Dictionary (10th edition) The most common connotation of "noble," in my opinion, is a combination of the first and third listings. While Jessica certainly fits the second meaning listed of "noble" and the meaning of "worthy" (financially anyway), I didn't see any proof of her being such an outstanding person or "possessing very high or excellent qualities" within the context of this play. She may very well be a wonderful person, but I didn't see anything that would lead me to that conclusion in the play itself. Let's look at the facts. Jessica robs her father of all the jewels and money she can carry to marry Lorenzo. She casts aside her religion as if it were an old hat. The only outstanding quality I see is that she can do all this without the slightest remorse. We are told by Jessica that Shylock's "house is hell," but within the play I did not see any proof of this (II.iii.2). It is true that Shylock did not know which to weep for more, his daughter or his ducats, but does that make that house a hell? Because we didn't see what life was like in the house, we can only take Jessica's word for it. I, for one, am not terribly comfortable with her word as she has proven herself to be a thief and liar already. How do we know she isn't just an incredibly ungrateful daughter blinded by love (as she herself proclaimed love to be a blinding force--II.vi.36)? Frankly, Shakespeare did not give us much to work with as far as

How a boy life affected when raised without a father Essay

Both Wes Moore’s grew up without their fathers in their lives. Wes Moore’s father was taken away from him at an early age due to illness. His father had acute epiglottitis. Until the death of Wes Moore he had a close relationship. While The Other Wes Moore’s father choice to be absent from his child’s life. In the book we read that he tried to see The Other Wes Moore one night, drunk and pound on his mother’s door demanding to see Wes, but after not given access inside he vanished from Wes’s life. Studies show that â€Å"children with fathers at home tend to do better in school, are less prone to depression and are more successful in relationships. Children from one-parent families achieve less and get into trouble more than children from two parent families.† Both children were forced to learn a lot at a young age and in a way became the men of their households, in their father’s absences. Although because of the difference in their losses of their father’s the affects differed. The death of a parent can really damage a child. At times it can change just about everything about the child its future, its personality, its beliefs, its fears, its cravings, and how the child perceives the world itself. Death can traumatize anyone, but it is even more traumatic for a 6 year old boy. In the case of the other Wes Moore that had the father that didn’t choice not to take part in his child’s life it differs in the affects. Another study showed that 1,197 fourth-grade students were observed researchers that concluded the children that grew up without t â€Å"greater levels of aggression in boys from mother-only households than from boys in mother-father households.† This brings me to the assumption that because of The Other Wes Moore choice to go down the wrong path due to the circumstances that had been placed in his life. He was only bound to go down the wrong path because he had never had a good father figure or father in his life, while Wes Moore on the other hand had that. Wes Moore only had his father in his life for a short time period but yet a still he had his father in life while The Other Wes Moore never did. â€Å"Statistics have been quoted that the percentage of father absence homes is  as high as 60%. However, these statistics do not reflect the number of fathers who are physically present in the homes but maybe emotionally, psychologically or spiritually absent.† Which show’s me that there are a lot of young men in the world being raised with a father, and I am certain all of them are not in prison either. Though the author in â€Å"The Other Wes Moore† believes that he is â€Å"lucky†, one would not refer to his accomplishments as luck. Both Wes Moore’s’ were given various chances, to go to school, continue on with their education, and get a job to support their families. Although their stories were very similar by not having their fathers in their lives, or good males figure to guide them and raise them to be â€Å"men† they choice different paths in life. I believe that life is all about the choices you make for yourself. Regardless of who is there to guide you. Yes, it may be harder to grow up fast and lead yourself down the right path. But all is possible; so luck really did not have much of a part to in the author’s life. Wes Moore (the author) choice to make chances in his life for the better, he wanted better for himself and fought for it; while The Other Wes Moore didn’t. In some situations you are given many chances, others you are only given one. I feel as if smart, thought out decisions are more beneficial for me than fast decision where I haven’t thought about the repercussions for my action. Therefore, I believe if I were in either of the Wes Moore’s places I would have looked at life and made the decision the author made rather than The Other Wes Moore. In life we are given more than just luck, but an opportunity, a chance to be better and do better each and every day. It is up to one to take those chances. In their situations, it was obvious that they were looking for more than just â€Å"luck† at the time, school was not at the top of their to do list, working day and night at a job getting paid minimum wage wasn’t either. What’s amazing about this story is their lives could have easily been the same, both successful men with stories to share with the world, together. Or both behind bars for the rest of their lives, perhaps even cell mates with it being ironic of them both having the same first and last name as well as them heading down the same path at such a young age. Simply knowing the right from the wrong, even when times are hard. To make the right decision and take the right opportunity. Works Cited â€Å"Statistics of a Fatherless America.† _dads4kids.com._ Photius Coutsoukis, Copyright  © 1995-2002. Web. Revised 20-Jul-02. . N. Vaden-Kierman, N. Ialongo, J. Pearson, and S. Kellam, â€Å"Household Family Structure and Children’s Aggressive Behavior: A Longitudinal Study of Urban Elementary School Children,† _Journal of Abnormal Child Psychology_ 23, no. 5 (1995). _One Parent Families and Their Children: The School’s Most Significant Minority,_ conducted by The Consortium for the Study of School Needs of Children from One Parent Families, co sponsored by the National Association of Elementary School Principals and the Institute for Development of Educational Activities, a division of the Charles F. Kettering Foundation, Arlington, VA., 1980

Comparing and Contrasting between village gold class cinema tickets for two people and an iPod touch

Comparing and Contrasting between village gold class cinema tickets for two people and an iPod touch Introduction Different products in the market serve different purposes to a varied clientele. When a product is being introduced in the market, a comprehensive survey by the respective company introducing it is required. The survey entails the kind of target market that the company aims at serving, this may be done through the use of questionnaires so as to have a comprehensive feedback about how people think or perceive your product.Advertising We will write a custom essay sample on Comparing and Contrasting between village gold class cinema tickets for two people and an iPod touch specifically for you for only $16.05 $11/page Learn More For instance if you are introducing a product such as men’s suit, one will be required to conduct a survey on the type of suit mostly preferred by most men, the frequency of them wearing suits. Such kind of market surveys enables the company to have a clear line specification and a good plot on how to approach the ma rket and win the customers loyalty while still having a competitive edge over the other companies offering similar products. Similarly, to establish how your product will best suit the market needs, it important to know the market trends of different companies in the industry offering a similar product. For example, the introduction of technology could have rendered certain usages and techniques redundant and all the other organizations may have adapted the newly trends of the technology. Innovation is very key again to ensure that your company has an advantage over the others. Innovation will entail coming up with unique products serving the same purposes but in a modest manner (Silk, 2006, p. 101). Comparing and contrasting In order to compare and two products in the market, we need to look at how the different products serve varied needs in the market, the target group by the organizations selling the two products. We also need to look at the marketing strategy and share that the two products have in the market. Additionally, other factors that need to be put into consideration includes:- how best the products are advertised to consumers, the costs incurred in the production, distribution and the margin of sales obtained after selling products and the pricing of the different products. When it comes to the product target market, this entails the appeal that different products have to varied customers (Baker, 2010, p. 186). Some products may basically be manufactured targeting at meeting the needs of a certain age group or certain sex such as toys are meant for kids specifically.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Marketing approach taken for such a product will be different from those of adults. For instance, when it comes to advertising, it will be done in such a way that the kids can easily associate with such the games that kids like to pl ay. Marketing strategy being one of the basic modes to differentiate how the different products will get their way into the market entails companies concentrating on their limited resources to make the best out of them. That is looking into different opportunities in the market on how the company can increase its sales volumes at the minimum costs possible so that they can maximize on their returns expected. This is centered on the fact that the customer satisfaction is our key goal and aim (Orchard, 2007, p. 58). If a business is going to thrive in the industry, its life will depend on how the market is going to accept their product. This is the basic reason as to why most businesses will have most of their time and capital spent on making comprehensive market research. The two products in question are village gold class cinema tickets for two people and an ipod touch. These products are meant to serve different needs in the market to varied target customer groups. Village cinema h as established sites across Australia, the United States and Greece (Galbraith, 2005, p 342). Some of the cinemas operated under village cinemas branding includes:- Westfield Airport West, Century City Walk, Hobart, Crown, Jam Factory, The Mall Athens, Sunshine, Volos, Morwell, Geelong and others. Gold Class Cinemas are luxurious cinemas with varying locations across USA and Australia. They include butlered refreshments, cloakroom facilities, menu offerings and very comfortable relaxing seats. Bookings can also be made online at cinemas and comfortable seats. Village gold class cinema have used different and varying approaches to expand, and maintain their dominant market position in spite stiff competition from companies such as multiplex cinema complex, and other external factors such as increasing property prices leading to demographic change of the people living there.Advertising We will write a custom essay sample on Comparing and Contrasting between village gold class cinema tickets for two people and an iPod touch specifically for you for only $16.05 $11/page Learn More There has been consolidation with the UK market. This is specifically meant to place the cinema village in a better position to meet the different challenges facing the organization. Confining to laws of the land where a firm operates is a necessity for the better operation of an organization. This is enhanced through the follow ups of set regulations in standardizing the product and the necessary process of production. There have been constant promotions such as free tickets for two. Such special offers enhance and boost the company’s revenues. The locations different locations are meant to reach out to different consumers in the different cities and countries. Gold class cinema is best suited for two and even more because of their different combinations with bars, sporting events, home cinemas, travel and restraints. Following the technological advancem ent, online reputation management has worked to save the various firms. It is usually labor intensive but fast in its effectiveness as it takes a short time of operation. Some of the other strengths may include the obtaining of a liquor license giving the cinema a competitive edge. An iPod touch is an ipod which has a high-resolution display, HD video recording, Face Time video calling, Game centre (handheld game console), music (portable media player), personal digital assistant. Also, the ipod enables photo printing, email, access of web pages, wireless stream music, video to apple TV and air play enabled speakers or receivers. Ipod touch has increasingly continued to thrive hard in the industry by its consistent dynamism over the years through coming up with appealing products, which are also highly competitive in the market. For instance, it revolutionized era of mp3 and the biggest or largest computer companies has major interests in the digital music industry. In spite of the varied challenges that it has faced in the market such imitators and pirates who flood the market with imitation bringing the quality of the products down. The loyal consumers also loose trust in the products since they cannot substantiate or differentiate them.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The newest ipods are unique from what the market offered earlier on. They are both for instance powered by dual ARM processor and a brand new version of portal player, the music player. Their different innovations have enabled the company thrive very well in the market. Other comparisons and contrasts include:- Advertising The most effective mode of advertisement used by both companies is through printing of adverts, use of the internet for posting adverts since they market their products world wide especially an ipod touch. Ipod touch advertises through the use of television since this gives the viewer a vivid picture of how the gadget works and looks like. Village cinema gold touch uses print media as the basic mode of advertisement. Target market The two companies are focused on the entertainment market. Village gold class cinema is meant for movie and theatre lovers, and the ipod is multipurpose as it can be used as a phone music device and can also down load movies (Miles Snow , 2003, p. 66). The ipod has catered for the needs of different target age groups as it has games for the kids, and other special features can be used by both teenagers and adults. Village gold class cinema tickets for two people are mostly meant for couples. Cost The costs attributed to the products proudly differ. For instance the manufacturing costs, which determines the selling prices of the products differ significantly. The raw materials used have different costs attached to them and hence the differing selling prices. References Baker, M. J. (2010). The Strategic Marketing Plan Audit: a detailed top management review of every aspect of your Company’s marketing strategy. Axminster, Devon: Campridge Strategy Publication.. Galbraith, J. R. (2005). Designing the customer-centric organization: a guide to strategy, structure, and process. San Francisco: Jossey-Bass A Wiley Imprint. Miles, R. E., Snow, C. C. (2003). Organizational strategy, structure, and process . Stanford, Calif.: Stanford University Press. Orchard, T. (2007). A History of the iPod: 2005 to Present. Low End Mac: Worth It!. Retrieved from http://lowendmac.com/2013/ipod-history-2005-present/ Silk, A. J. (2006). What is marketing? Boston, Mass.: Harvard Business School Press.

Free Essays on Origins Of Behvior

Therapy The Origins of Cognitive Behavior Therapy Cognitive behavior therapy was devised in the late 1950s and early 1960s by Albert Ellis, Ph.D. in New York and by Aaron Beck, M.D. in Philadelphia. Although they worked independently of each other, both Ellis and Beck had grown dissatisfied with the traditional Freudian psychoanalytic therapies. Though both of these men trained with Freud, they believed that peoples’ conscious beliefs and thought processes were very important in understanding how people became depressed, anxious, or disturbed. Freudian psychoanalytic theory, on the other hand, tended to de-emphasize conscious thought. By the late 1950s, advances in behavioral science and experimental psychology had raised questions of the main assumptions of psychoanalysis, and new theories of the human mind were being introduced. â€Å"There are actually several kinds of Cognitive-Behavioral therapies (spelled behavioural in British English), employing the same general premise: in contrast to the psychodynamic emphasis on insight into unconscious motivation, the cognitive-behavioral therapies emphasize the ability of people to make changes in their lives without having to understand why the change occurs.† (Richmond, 2001) The Theory behind Cognitive Behavior Therapy By 1962, research into human emotion found that people’s thoughts, beliefs, and assumptions regarding events were important in guiding emotional experience (Carson, B.M. 2000). For example, important research showed that people labeled their physiological arousal according to the environmental situation they perceived. Experiments demonstrated that the physical effects of adrenaline could be labeled as fear, anger, or giddiness, depending on the person’s assumptions and thoughts about their situation. Because people's thoughts had such powerful effects on their emotional experience and emotional behavior, scientists were forced to devise new theories to accou... Free Essays on Origins Of Behvior Free Essays on Origins Of Behvior Therapy The Origins of Cognitive Behavior Therapy Cognitive behavior therapy was devised in the late 1950s and early 1960s by Albert Ellis, Ph.D. in New York and by Aaron Beck, M.D. in Philadelphia. Although they worked independently of each other, both Ellis and Beck had grown dissatisfied with the traditional Freudian psychoanalytic therapies. Though both of these men trained with Freud, they believed that peoples’ conscious beliefs and thought processes were very important in understanding how people became depressed, anxious, or disturbed. Freudian psychoanalytic theory, on the other hand, tended to de-emphasize conscious thought. By the late 1950s, advances in behavioral science and experimental psychology had raised questions of the main assumptions of psychoanalysis, and new theories of the human mind were being introduced. â€Å"There are actually several kinds of Cognitive-Behavioral therapies (spelled behavioural in British English), employing the same general premise: in contrast to the psychodynamic emphasis on insight into unconscious motivation, the cognitive-behavioral therapies emphasize the ability of people to make changes in their lives without having to understand why the change occurs.† (Richmond, 2001) The Theory behind Cognitive Behavior Therapy By 1962, research into human emotion found that people’s thoughts, beliefs, and assumptions regarding events were important in guiding emotional experience (Carson, B.M. 2000). For example, important research showed that people labeled their physiological arousal according to the environmental situation they perceived. Experiments demonstrated that the physical effects of adrenaline could be labeled as fear, anger, or giddiness, depending on the person’s assumptions and thoughts about their situation. Because people's thoughts had such powerful effects on their emotional experience and emotional behavior, scientists were forced to devise new theories to accou...

MD3 Assignment 3 Essay Example | Topics and Well Written Essays - 250 words

MD3 Assignment 3 - Essay Example What is the importance of education? Does education help individuals make decisions on what is good or wrong? At school, there are rules and regulations, students follow them and failure to do so, there are consequences. Do these rules help people to become successful in life, after attaining education? Imagine education as your brother, parent or even a friend. Would you want to let that person who you care for down? My guess is that every person works hard to have a good relationship with their loved ones so that they can get the best out of each other. The same way, education enables us to be better people or citizens in our country. Education is important since it creates a sense of goodwill among individuals, and this will ensure that peace prevails in the country if people get educated. Personal reference would be the most effective in giving a speech, since people remember most stories told of an individual’s personal life. This is because people can relate with the story from the past to what an individual has achieved in the present. It is also effective because it shows that the person giving the speech understands the topic perfectly through having personal experiences related to the

Principles of Instructional Design Essay Example | Topics and Well Written Essays - 500 words

Principles of Instructional Design - Essay Example Analysis also helps the management in preparing product in time as per customers request. It also helps the management to find out the shortcomings of the design so that remedial measures can be taken to remove these shortcomings. Economic Feasibility: It refers to the benefits or outcomes. We are deriving from the product as compared to the total cost we are spending for developing the product. If the benefits are more or less the same as the older system, then it is not feasible to develop the product. The intended design development of the new product greatly enhances the accuracy of the system and cuts short the delay in the processing of application. The errors can be greatly reduced and at the same time providing great level of security. Operational Feasibility: It refers to the feasibility of the instructional designed product to be operational. Some products may work very well at design and implementation but may fall in the real time environment. It includes the study of additional human resources required and their technical expertise. Technical Feasibility: It refers to whether the design that is available fully supports the present application. It studies the pros and cons of using particular design for the development and it's feasibility. It also studies the additional training need to be given to the people to make the application work. Parallel Run System: It is most secure method of converting from an