Business Requirements Merging Two Сompanies

Project Overview This is a project that aims at preparing a strategy and logic plan of merging two internet based companies of the same size. Furthermore, the companies have the same resources, but expect to increase the number of employees, and increase their efficiency levels of returns among others.Advertising We will write a custom research paper sample on Business Requirements: Merging Two Ð ¡ompanies specifically for you for only $16.05 $11/page Learn More Since it involves centralization of operations, it will utilize the idea of the Project Portfolio Management System to enhance the efficiency of managing the multiple projects and contribute to the achievements of the overall goals and objectives of the newly formed or created the company after the merger. The project is expected to be developed within 60 days. Background including current process This is a project for an online-based company with growth strategy. The company intends to achieve its goal through merger with a company of the same size and resources. Basically, the company aspires to increase its returns level and increase efficiency in operation. Currently the company has 25 employees, but intends to increase the number after the merger. This is a project that aims at enabling the company to achieve its growth strategy. However, there are several their goals and objectives of the project, for instance, increasing the number of employees within the organization, integrating the technology of the two companies and improving their efficiency in operation, increasing the annual income of the newly formed or created a company and mobilizing adequate resources towards the successful completion of the respective project (Kathlene, Voss, Belammy, 2009). The company uses technology in its operations. Generally, technology is dynamic and frequently changes. This requires the establishment of effective strategies and employment of a flexible and competent human resour ce team that can respond to these changes promptly. Although the two companies are about the same size and has the same resources, the technology applied by both may differ, which will require effective review and analysis of the technological processes applied by the two companies.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More It is important to review and evaluate the technologies to determine if they are compatible and can be used after the merger or how they can be integrated and more effective and appropriate method adopted. Generally, the information technology for this project is enhancing the efficiency of the current technology being used and simplifying the process (Myers, Mahannah, Prentice, 2011). Scope Scope of Project This project will be developed within 6o days, reviewed and presented to the management team of the company for approval. There are several aspects o f the project that ought to be addressed for successful and full implementation. The project will require the company to identify a site where its premises can be established. Basically, the current premises hosting the company have a capacity of 25. However, it should be expanded to host 65 employees. This will require the purchase of land for the construction of offices that accommodates the number of employees the company expect to hire after the merger (Kathlene, Voss, Belammy, 2009). Organizations require adequate resources to implement their strategies. Basically, this project will require financial resources because it will involve the purchase of machines and office equipments, training and hiring of new employees among others. The two merging companies will be responsible for the required finances. Merging companies must share all resources based on the percentage of the agreement during the merger. The organization will need to develop training strategies to enhance the c ompetencies of its employees. Basically, the merger will lead to changes in the operation process. Training needs of the organization will be reviewed by the human resource team, and appropriate education on the new system of operation offered to the employees. Generally, the merger and use of the Project Portfolio Management System will lead to the centralization of processes within the organization. This will require adequate and appropriate training and development among the employees to increase efficiency in operating under the new system (Myers, Mahannah, Prentice, 2011). The implementation of the project will be challenging since it involves the construction of a spacious premise to accommodate the increased number of employees. Furthermore, it also involves the integration of the technologies of the two companies. Basically, the company intends to enhance its technological efficiency through the merger.Advertising We will write a custom research paper sample on Busines s Requirements: Merging Two Ð ¡ompanies specifically for you for only $16.05 $11/page Learn More This will require testing of the developed system to determine whether it is appropriate for the operations of the organization or not. The integrated system must be customized for use within the organization to serve the needs and requirements of the newly formed or created organization (Kathlene, Voss, Belammy, 2009). Constraints and Assumptions Implementation of any strategy is prone to strategies, but they differ depending on the nature of strategies to be implemented. The competency of the current human resources of the two organizations has not been effectively evaluated. This will lead to proficiency constraint among the employees. This might affect the successful completion of the project within the stated deadline. Secondly, financial constraint may face the project because the finances of the two companies may not be adequate for employment of new com petent employees will be expected. Furthermore, integration of the systems of the companies will also require financial resources, which are not adequate (Myers, Mahannah, Prentice, 2011). The projected is expected to be achieved within a stated deadline. Organizations develop and initiate projects, and set deadlines that respective projects should be completed to improve efficiency. Basically, this project is challenging and there are several assumptions that must be made to ensure that the intended goals or objectives are achieved. Generally, it will be assumed that the companies will share their resources equally because they have the same resources. Secondly, the two organizations have competent human resource team, and will only require training and development to enhance their efficiency. Furthermore, it will be assumed that the two companies have adequate financial resources to cater for the needs of the newly formed organization (Kathlene, Voss, Belammy, 2009). Risks Risk is a factor that faces several business organizations. Companies must address risks to ensure efficiency in operation. This project involves several changes within the operations of the organization. Therefore, there are several risks hat might affect the effective and successful implementation of the project.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More These risks must be identified and addressed or managed to successfully implement the project within the stated deadline. Considering the nature of the project, the following risk might be faced, and should be managed effectively. Employee resistance: The merger will lead to changes in several aspects of the organization from structure to the duties and responsibilities of the employees among others. It is the nature of employees to resist change. Therefore, the organization must develop an effective change introduction and management strategy to enable successful implementation of the project (Myers, Mahannah, Prentice, 2011). Scope Control The scope of the project will focus on the integration of the technologies of the companies and expansion of the premises. It will be ensured that efficiency is increased. Furthermore, successful implementation of the merger will be a priority. Relationship to Other Systems/Projects This project is related to the growth strategy of the company. Therefore, the goals and objectives of the merger should be integrated with the growth strategy of the organization to meet the requirements of the company. Definition of Terms PPMS – Project Portfolio Management System References Kathlene, S., Voss, G. B., Belammy, C. (2009). Principles and Practice of Management. London: Cengage Learning. Myers, D., Mahannah, K., Prentice, T. (2011). Contemporary Management Practices. Oxford: Oxford University Press. This research paper on Business Requirements: Merging Two Ð ¡ompanies was written and submitted by user Stephanie N. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Free Melville’s Typee Informative Essay

Free Melville’s Typee Informative Essay experience and the done travel. However, we should remember that the main law stays unchangeable inside us. The person decides itself what to do and under what laws to live.

A personal development plan. Becoming an international manager in Essay

A personal development plan. Becoming an international manager in intercontinental hotel - Essay Example Identifying my strengths and weaknesses will enable me to achieve both professional and personal development in the hospitality industry. A personal development plan is important because it fosters and monitors career progression and helps in developing appropriate skills needed to meet the demands of customers and employees in the hospitality industry. The work of an international hotel manager includes answering all questions posted by clients across the world about hotel services and policies. The manager also listens and resolves employees and client’s complaints. The international hotel manager assigns tasks to employees and carefully schedule shifts for all employees worldwide. Supervisors assist in monitoring employees’ work, but the ultimate authority of observing and monitoring employees’ performance in the hotels rests with the international manager. This operation enables the hotel management to accomplish tasks that are assigned to employees. Internat ional managers schedule appointments with clients to plan banquets, weddings and other formal or information conventions. They also meet with business associates and stakeholders to discuss business expansion and future business partners in new countries. The work of a hotel manager is to monitor and track money spent and hotel profits. The international hotel manager is required to cooperate and deliberate with other senior managers to synchronize the activities of the hotels in different parts of the world. The manager is in charge of negotiating contracts with suppliers, electricians, medics and other important people that work together to achieve a common goal of higher returns in their different fields. International hotel managers write extensive reports about each department functions in the hotel and use a computer system to monitor and maintain this information. Some hotels allow their international managers to set room price rates, create a budget, develop and implement po licies and create hotel procedures. An international hotel manager may be allocated the marketing, advertising and promotion design tasks. After completing my studies, my short-term goal includes working in an international hotel such as InterContinental Hotel as a manager. This position will give me the platform needed to acquire experience and skills to progress to a senior manager. Developing interpersonal relationships with my seniors, peers and subordinates will enable me to work towards increasing the hotel profits and improving the living standards of staff members. My long term career aspiration after 5 years of working as a manager is to be promoted to international InterContinental hotel manager. This top position will increase my annual salary with benefits and further develop my leadership and management skills. My long term personal aspiration is to travel to new countries, meet new people and learn new skills. In my international management position, I will develop new working conditions favorable for employees working in different countries with respect to their religious values, political affiliation and cultural backgrounds. I will plan and implement an exchange program for my employees, enabling them to travel to other countries that have our hotel branches and work for six months. During this time, employees will be allowed to explore their creativity in the hospitality industry, exchange cultural values and create a global relationship with other employees from different countrie

Dont Expect Job Data Alone to Persuade Fed on Rates Article

Dont Expect Job Data Alone to Persuade Fed on Rates - Article Example The short-term unemployment rate or the proportion of people remained jobless for 15 weeks has declined to 3.1 percent; however, this figure is still higher than the figure of the prerecession period. One more important consideration is labor's share of income in the nonfinancial corporate sector, which is measured by the Bureau of Labor Statistics each quarter. For comparison, it should be noted that the labor's share of income has remained between 61 and 66 percent right from 1950 through the early 2000s; that is currently ruling at 57.1 percent – much below 60 percent registered in 2005. Thus, Yellen is more concerned with the people who have fallen behind. Lower interest rate helps boost demand because consumers tend to spend more rather than saving or holding it. Moreover, the cost of borrowing is low helping businesses to invest and create employment; lower mortgage helps spur growth in construction because the interest burden on home buyers is minimal. In short, lower interest rate helps increase aggregate demand within the economy that in turn, boosts business activities reducing prevailing unemployment rates and that is what the Fed is attempting to do. In view of this, it is clear that until the job market improves on all parameters –unemployment rates and the labor’s share of income, there is a little scope of the interest rates getting revised upwards by the Fed. The Fed would like to observe the job market data for several quarters to come before making any upward revision of interest rates.

Overview Of Electronic Funds Transfer Marketing Essay

Overview Of Electronic Funds Transfer Marketing Essay ABSTRACT My thesis is based on the E-banking technology in which consumers can acquire more perfect, more rapidly and quick banking services from the programmed banking system. This technology has also been implemented by the global banks as well as by banks in Pakistan to provide well-organized and efficient services to their privileged consumers. The objective of this thesis is conceded to unchain the importance that Pakistani banks are associated with this form of e-banking technology that is being executed by the banks for providing the electronic services to the consumers and in what degree this technology is significant to customers. This research work will also aid to conclude whether the e-banking services are more perfect, more rapidly and quick banking services. CHAPTER 1 INTRODUCTION AND BACKGROUND 1.1 INTRODUCTION When Internet has entered into our daily life, the most dimensions of our lives such as education, communication, business, etc, were overshadowed by this novel phenomenon. One of these dimensions is to handle banking affairs through the Internet (Shirali Shahreza, 2007). According to (Richard Nyangosi Arora, Sumanjeet Singh, 2009) banking through electronic channels has gained much popularity in recent years. This system, popularly known as e-banking, provides faster delivery of banking services to a wide range of customers. Information technology is becoming an important factor in the future development of financial services industry, and especially in banking industry (Nami. M. R, 2009). In current business environments, customers using the services products of the banks want better choice. (Avkiran, 1999) stressed the importance of the human touch in the customer services. The capability of banking staff can be expected to directly affect the customers satisfaction. However, e-banking technologies can help in better understanding customers needs and customizing the services/ products according to their needs. In the new era there is a need of bank customers to get improved electronic banking services and also better relations with the bankers. It is also the need of time to provide efficient services/products to the customers. In Pakistan however, such kind of electronic banking has started recently. Online banking system present to their consumers a set of information-related benefits that favors to adopt e-banking, including the facility for the customers to control their bank accounts at any time and any place, and to access information content for making investment and financing decisions (Howcroft B, 2002). Due to the competition among the banks in Pakistan, the banks want to provide the services, which are more efficient, rapid and enhanced the banking system. Therefore, the objective of e-banking is to create such working environment where customers can easily find about the information they require for performing financial transactions. 1.1.1 Definition of E-Banking Electronic banking, known as Electronic Funds Transfer (EFT), it is basically the use of electronic methods or means to transfer money electronically directly from one account to another account, rather than cash or cheque. We can use electronic funds transfer for: 1. We can withdraw money by an ATM machine with a personal identification number (PIN), for our convenience at day or night. We can guide our bank or credit union to pay automatically monthly utility bills from our account, or our auto loan even our mortgage payment. 2. We can buy food, fuel for our personal transport, and other goods at the purchasing point, using a credit card rather than cash. 3. We can use a prepaid smart card embedded for our daily purchasing like pay phone, toll expenses, daily college expense or any bookstores. 1.2 BACKGROUND The increasingly change in worldwide competitiveness in commercial behaviors has improved the volume of bank in the world. It has produced additional banking knowledge and also improved customer demand of services given by banks. This revolution has set a motion in the banking sector for the provision of a payment system that is compatible with the demands of the electronic market (Balachandher, 2001). On the behalf of increased competition, many banks and organization did not only reduce their costs but they have also increased their products. Technology has changed the preconditions for service delivery, dramatically in recent years (Fredriksson, 2003). The banks are the financial institutions to provide consumers savings services, money transmission services and credit services (Sinkey, 1990). In other terms, banks are concerned with safe transaction and collection of management functions. In this regard the main object of the banks is to making profits and giving best services to their customers. Customers are eager to a banks behavior because the customers are the most significant cause of a banks deposit and revenue creation. These customers may either be a single person or group of a person or organization. According to (Chaudhury Kuilboer, 2002) the potential of providing innovative services over the Web is limited only by ones imagination. Online services, especially banking services, are becoming more attractive and alternative to visiting service outlets or phone call centers for increasing their customers. Therefore it become easy for the customers to prefer online services (Szymanski Hise, 2000), feel more in control of the service process (Bateson, 2000) to avoid from human contact with time saving (Meuter M.L. 2000). In Pakistan however, banking organizations have been focused on censure for not given to their customers with original and suitable banking services. Therefore, the outcome that some customers, find it suitable to keep their money or reserves at home than the banks. Studies will carry out by two famous banks working in Pakistan, which have researched and applied computerized technology for the delivery of banking services. Although, banking administration has delayed to execute computer technology in banking exercises. A number of studies have concluded that IT has positive effects on bank services delivery to customers, bank productivity, cashiers work, banking transaction and banking investment. So, these have positive effects on the growth of banking system (Balachandher, 2001). In addition, delivery the high quality services is a way for the banking to improve their relationships with their customers. By the Delivering high quality services, banks can achieve customer satisfaction and through customer satisfaction banks can gain loyal customers (Grà ¶nroos, 2000). Because of the highly undifferentiated services and products, financial organizations specifically banks become main tool for competing in this marketplace (Kim J.K, Han, Choi Kim S.H. 1998). Much research has been done about the quality of services and customer requirements in the traditional banking environment, where personal interaction between the customers and the bank employees takes place (Oppewal Vriens, 2000). Therefore, this is very important for the online banking services providers to become more capable about the customers perceptions of the online banking services quality. On the other hand the customers also have more expectations and demand when they are using e-banking services either the services are satisfactory or not. Because it is quite easier for customers to evaluate and compare the benefits of competing services (Santos, 2003). 1.3 PROBLEMS DISCUSSION The study about e-banking adaptation has gained special attention during the last decade as for instance; banking journals have devoted special issues on the topic (Waite Harrison, 2002). There were a lot of grievances over the delays in traditional banking services, withdrawals and delay in processing. Time is money but the customers have to wait for a long time of their turn in the bank for any banking facility. Some time even from a remote area a customer has to travel to the concerned branch for any kind of transaction. On the closing hours it becomes more harmful if anyone want make a business deal for payment. Having the computerized operations and automated teller machine; it has made it easy that the banks would activate their e-units to support the online banking services. In Pakistan, manual-banking system was performing below standard services to the customers and it may be affected on the customers support. Transactions of the money from one manual bank to the other can take five to ten days. Some time, when the purpose of transferring the money has almost dead. Sometimes businessmen have to cancel their business deals due to the unavailability of the cash transferring facility in time in traditional banking system where services are as slow as non-secure, non-satisfactory. In order to satisfy customers needs, many banks build their set up through web sites and Internet that provide the services and information to customers and the better service can help to get higher profitability. With the studies of IT in substantial, that would put a positive effect on bank productivity, cashiers work, banking transaction, bank support, and delivery of bank service. These have positive effects on the growth of banking (Yasuharu, 2003). Now Pakistan Telecommunication Company Limited is providing broadband, which has enabled the customers to adopt the e-services instead of manual banking because these are much efficient and accurate. In Pakistan there is low literacy rate of workingwoman that are in service. But now young educated generation especially woman are trying to get jobs and taking part in nation building and economy and they have to use the banking services. Therefore the e-banking services will help and satisfy them regarding their expectations for efficient, accurate services. Recently, many local banks in Pakistan have used the online services as a new market channel to offer their customers a variety of services 24 hours a day. This e-banking, compared to traditional banking, heavily involves non-human interactions between customers and online bank information systems (Furst, Lang Nolle, 2002). When the customer evaluate of the e-banking service they received from Banks, then their satisfaction depends on website features/user interface design (Doll Torkzadeh, 1988) and that can be important to analyze the designed features of banking services delivered to the customers. 1.4 STUDY PURPOSE The purpose of this study is to establish the important that how the customers fond the concept and carry out e-banking services and to determine whether the utilization from the e-banking services, make more efficient, accurate and in time of banking services and also to make a variety and excellence between automated and a manual or ordinary Banking systems. To comprehend electronic Banking system in the context of Pakistan by the way of an analysis on the factors that manipulates customers favorable reception of electronic banking services. Particularly to consider the services and products associated with ordinary banking and e-banking with their fast, rapid, efficient, enhanced are more useful methods and to provide the customers to recognize the online banking services. It is to identify the significant aspects that shape the customers view about electronic service and features and the outcome of these services on customers satisfaction in Pakistani banking sector. The current study offers and considers a model to explain how ease, rapid, efficient operation, security, enhanced reliability and reaction positively and meaningfully affect customers awareness of e- services and how these manipulates the customers satisfaction. The leading issues pay attention in the study of e-banking customers to recognize the necessary dimensions of e-service provided by the banks. The study of the literature exposes the convenience, efficient operation, security and privacy, reliability with rapidness, and responsiveness with enhanced methods of e-banking service factors. These dimensions share many general facets of those quality determinants originated within the context of traditional service industries by earlier research (Parasuraman D. Grewal, 2000). Alternatively, these dimensions have their distinct attributes inherent in automated service quality environment (Al-Hiwari ward, 2006). The convenience dimension refers to ease of use and accessibility of the service at all times. The customers prefer flexibility to meet their financial needs at all times, which affect their perception of the e service quality (Gerrard Cunningham, 2003). Lio Cheung, 2002 found that accessibility positively determines perception of quality of service. (Lockettt Litter, 1997) and (Moutinho Goode, 1995) established that time utility is a major contributor of customers perception of e service quality. A lot of studies mentioned that the location e-service delivery is a strong driver of customers perception of e service quality (Aldlaigan Buttle, 2002; Almossawi, 2001; Levesque McDougall, 1996). The second dimension of e-service quality, efficient operation, relates to efficient and speedy operation of these services. Efficient in operations enhances the resources for the customers. Customers accord priority to user-friendliness of ATM. (White Nteli 2004) found that efficient and faster delivery has positive effect on customers perception for quality. Dilijonas, D.; Kriksciun ien, D.; Sakalauskas, V Simutis, R. 2009 argues that minimum breakdown of machines constitutes the essential aspect of e-service feature. (Al-Hawari ward, 2006) talks about the efficient ATM functions positively affect the customers perception of service quality. The element of consistency and dependability describes accurate and assured service at all times. Online users want to obtain the right quantity and right feature of service at all times, as promised by the banks. The literature provides strong support that rapidness, efficient and enhanced are essential determinants of customers perceived service quality and positively relates to customersà ¢Ã¢â€š ¬Ã… ¸ use of online services (Fassnacht Koese, 2006; Polatoglu Ekin, 2001). The responsiveness aspect of e-service quality relates to the ability of the bank staff to provide the agreed services timely, accurately, dependably, and promptly. Customers prefer to resolve their complaints expeditiously (Karjaluoto, Mattila Pento, 2002). Prior studies indicate that responsiveness is crucial to sustain service quality and facilitates to build long-term relationship between service provider and the customers (Bauer, Falk Hammer Schmidt, 2006; Long McMillan, 2004). The research results will reflect a positive and strong relationship between online service quality and customers satisfaction. 1.5 BENEFITS OF E-BANKING The e-banking services open seven days a week and 24 hours a day. To decrease the cost-line and no need of physical bank branches To create more deep collection  for consumers needs and expectations. Terms of services to customers for their personal choices. Easy access for all. With the e-banking money can easily be get within no time from ATM machine. In current time E-banking has open out rapidly all over the world. Almost all Banks are making much use of E-banking amenities to offer good services. The extension of E-banking has also significantly advantaged the normal customer in all purposes. 1.5.1 Benefits from the customers point of view Common customers have been much affected in an optimistic manner by E-banking. A lot of ordinary tasks have been fully computerized resulting in much ease and reliable. The main benefit from the customers point of view is major time saving by the computerized of banking services as well as online processing and an easy maintenance tools for managing customers money. Some other key benefits of e-banking for customers are as follows (BankAway, 2001; Gurău, 2002). Decreased costs in operating and using the banking e-services. Increased relief and timesaving operation can be made 24 hours a day, without consulting with the bank. Rapid and enhanced access to information. Organizations or customers will have much easy access to get information as, they can check on several accounts on click of a button. Improved cash management. E-banking services speed up cash cycle and enhance the efficiency of business operations, as large types of cash management methods are available by e banking. Decrease costs in terms using the different e-banking products and services Rapidness the reply of services is very fast therefore the customers can actually wait till the last minute before final fund transfer transaction. Customers can take their history of different funds management Consumers account is particularly accessible with in online account. Consumers can withdraw money at any time through ATMs that are now generally available all over the country. With withdrawing money, customers can also take mini banks statements, account balance on ATMs. Through online banking consumers can control their account while sitting in his office or in home. No need to go in the bank personally for such matters. E-banking has also provided the facility in payment of utility bills. There is no need to stand in long queues for these matters. All these services are generally available at bank website. The development of credit card and its usage also owes significantly to E-banking. Now a customer can purchase anything worldwide without moving paper money with him. Banking services are available 24 hours a day; seven days a week or they are only a mouse click away. 1.5.2 Benefits from the bank point of view Banking industry has also various benefits due to the development of E-Banking procedure. Some are mentioned as below. The core benefits for the banking point of view is that e-banking services are better response to the market. The main purpose of every financial organization is to boost up the profits for its vendors. Online banking services offer ideal chances for increasing the profits. Some clarifications for this pricing plan can be proposed Banks receive extra profits on transactions completed via electronic channels.The abundance of payments is not a main concern for banks. Cross subsidization in special services groups is used, for instance, profits from loan activity balance poor abundance from payment services. The development of E-banking has much helped the banks in minimizing their overheads charges and service cost. Many services and dull tasks have now been fully computerized and in better Efficiency and good time usage. The growth of E-banking has made banks more economical. It has also led to growth of banking industry, commencing of new opportunities for banking processes. E-banking has reduced the paper work in banking industry, thus give them to work with paper less environment. E-banking has also provided facility to bank in proper records and documentation of the transactions. The e-banking capabilities of computer networks, like as the Internet, are much better than any branch network. 1.6 ADVANTAGES AND DISADVANTAGES OF E-BANKING With the fame of the Internet growing progressively, many industries are discovering new and attractive method to make it appealing medium to keep up with the continually altering preferences of clients. Nowadays, we can do almost everything over the Internet like shopping for home goods, business deals, contact with friends and so on. The Internet has apparently nonstop possibilities for the banking industry. Most of us have known about online banking services, and more than a majority has perhaps not even tried it yet. Some of us are feeling more relax and easy to work with real people, paper work and money instead of its virtual complement. At last there are a many advantages and disadvantages of online banking services. In this study there will be outline of good side as well as the bad side of online banking services. That you can feel online banking is safer way to manage your transactions and you can be overcome your fears. 1.6.1 Advantages Online banking is very suitable and convenient. It allows people to pay their bills and make transactions anytime during any time of the day and in the week. E-banking system never closes any time because people can access it through internet. There will be no matter in which country you are or anywhere in the world. Customers can make online transaction and handle your finances with conveniently. Secondly, e-banking services are very rapid, effective, enhanced and efficient. E-banking system also gives the option of transaction making in the different bank accounts from a website. Mostly e-banking websites are compatible with programs like Microsoft infrastructure, which makes organizations assets more valuable. 1.6.2 Disadvantages There are also some disadvantages in e-banking services. The main problem is that most people do not trust the transaction performed on online and almost wonder whether they did the right thing? Of course, people more relax and feel easy to find printing the transaction receipts of their transactions. The receipt will confirm them whether or not their transaction has gone successfully. For beginner e-banking can be difficult to learn and some time website could take time to start up. Some websites ask for identification, which can be very inconvenient for the new comers in e-banking. People like talking in person-to-person in case of any difficulty or problem. They like the personal touch like customer service and these kinds of people do not feel comfortable with e-banking. 1.7 ELECTRONIC BANKING IN PAKISTAN Electronic banking is the most recent in the line of technological aspects of the recent past in Pakistan. ATMs, mobile Banking, Credit Cards and Debit Cards, Internet Banking, Cyber Cash have come forward as useful delivery channels for usual banking services and products. In Pakistan, MCB RBS took as a pioneer to introduce ATMs and credit cards in the mid 1990s. The Annual Report of SBP (2003: p. 110) mentioned this delayed access of electronic banking by regulatory hurdles; much costs for startup, reforms on-going banking sector and lack of technological knowledge. The e-banking promoted with the circulation of the Electronic Transaction Ordinance 2002 by the Government of Pakistan. This attraction facilitates legal respect of digital signatures the risks associated, reducing documentation with the exercise of electronic technology in business. In current situation, almost all Pakistani commercial banks have their own setup and networks, they issuing debit and credit cards and have joined collectively in operating ATM Switch Networks with each others. As according to (Kolachi, 2006) Pakistani banks offers the following online banking services and products to their customers. Inquiry:  Account balance inquiry, Account statement inquiry, fixed deposit inquiry, Check statement inquiry Payment:  Credit and Debit cards payments, Transfer of funds, Utility bills payments and direct payments. Request:  Demand draft requests, Stop payment requests, Cheque/Check book requests, New fixed deposit requests Download:  Statement download, download Customer profile, other information and guidelines. The Annual Report (2009, p. 111) of SBP explains that domestic banks are the foremost provider of ATM facilities while foreign banks, like ABN AMRO Bank, Standard Chartered, and Citibank control the credit card business in Pakistan and over 95% of the total amount of transactions. 1.8 RESEARCH QUESTION The research question is in the sense that, the endurance of any e-banking system based on the large extent that depends on the banks ability to maintain and attract customers by offering modern and technologically enhanced banking services and products. Investigate between customer perception of e-services and the services environment in Pakistan. In order to understand and to be accomplishing the purpose, the research question of the study defined as follows: To what extent E-banking System is more efficient, rapid and offers enhanced opportunities compared with ordinary banking system in Pakistan?

How to Steal a Million Dollars

Fraud Examination Unit 9 6/2/12 How to steal a million dollars Mr. Seneca Stunton was an accountant clerk for a company called Carlton Chemical. Seneca had no formal education for accounting. His experience was for a smaller company which he exceled at book keeping. He accepted the job with Carlton Chemical and he was on the track to excel and have a great career. His supervisor was just in Seneca’s position, so Seneca was pretty happy to see that there were advancement opportunities within the company. Seneca approached his job with commitment and enthusiasm.He was married and with his wife and his own kids they had a total of seven children. Seneca’s duties were accounts receivable collections, posting payments, resolution of customer service inquires and maintenance of the accounts receivable ledgers. Patrick Dawley was the owner; he started the business over thirty years ago. Carlton Chemical sells chemicals to large and small business and they use it for raw materi al. The company was growing, Patrick looked on what really drove sales was how effective the operation is, like keeping accurate order taking, billing and collections, timely deliveries and great customer service.Patrick was viewed as a problem solver. There was not a problem too small for him to figure out. He had the ability to look at the problem and see the solution. Patrick was the only one who really had accuses to the money, all transactions had to go to him to approve. Every week he held detailed meetings about the money and unpaid bills. He looked over the statements on a regular basis. There was not really too much that got passed him so when he found out the ARs was not correct and there was more outstanding bills then he thought there was really surprised him.Seneca was taking one person’s larger payments and was putting it to other customer’s outstanding bills. He was doing this for over a great deal of time. Which created a huge landslide of problems for the company, and when all the audits was said and done there was around two million dollars missing. This investigation took a very long time and they could not find where the money went. They investigated Seneca’s life style and he did not over spend or live outside his salary, and everything they could do pointed that there was no money stolen. So they were stumped where the money went.There was however inappropriate discounts given to the customers. There were some complaints about this from the customers, but the company did not follow up on it. Carlton Chemical did recover a little of the money from customers that were willing to pay some of their bills, and from the insurance that the company has. After all this they were still one million dollars down. This was a unique problem that the company faced. The biggest thing that allowed Seneca to do this was the lack of supervision. Patrick looked at all the statements that where involved directly with the money.He did not think to keep track of the outstanding payments since that could not allow someone to directly steal from the company. Even thou Seneca had no control nor did he touch money he still was in charge of the bills. He did not steal from the company directly but he did use other payments to pay the past due. Which then created the first payments to be late and so it was a huge snowball effect. In no time at all there were so many past due bills. I think Seneca did this because he simply did not like addressing the customers about their bills. So he came up with this idea.

A Critical Regulatory Issue in Health Care

HCS/430 13 Case Law A critical regulatory issue in health care Amanda Whitt HCS/430 13 Case Law A critical regulatory issue in health care Amanda Whitt Ethical problems within hospitals and other facilities has been an ongoing issue for around 35 years. With the fast growth of technology and new medicine, the financial structures that could possibly create more financial concerns. The organizational effects of these issues will start looking at the quality of health care. In the economy, the demand from consumers and the production costs will help guide and form a firm structure.Many health care organizations need to use good thinking tasks to make proper decisions. More issues include: patient autonomy, termination of patient treatment, advance directives, confidentiality, and informed consent. Back in the day, hospitals received charitable donations from internal sources of the community. Hospitals are thriving in developing new technology and new science. The price of the new tech nology for the findings that have sky rocketed and can create future financial concern.The development of new technology can broaden the areas for treatment and if they have the correct tools to perform treatment, then they will get to experience the cost of it as well. With having the new technology in most organizations, patient's will receive less one on one time with the doctors to ask questions. I have noticed this through a personal experience of mine. I remember I would be in the doctors forever when I was a little girl and nowadays, I am usually in there for a quick visit. The patients pay a lot of money to receive less guidance from your doctor or though it may seem. Paying for health insurance s definitely a costly additive for the patient and does not get any cheaper to carry coverage on their family. Issues with the new technology and science will create more training and certification. This will be an additional cost to the health care facility of where they are introdu cing the new technology equipment. This can also cause staff to be less interactive with their patients because they are focusing on the new programs, equipment, ect. Although, the cost will be noticeable now, but once training and the proper use of equipment is learned, the facility will be saving money in the end.New sciences can develop more jobs and may also create the areas to have a more trained professional who has a distinct job description of the study of the issue. Patient autonomy is where the patients have a right to decide for their own medical care. This decision should not include an influential decision made by the patient’s health care provider but the health care provider is allowed to educate their patients about their possible concerns. The termination of a patient could simply be because the provider may be relocating or retiring.There are cases where a managed care plan may no longer be taking the patient's insurance coverage. The physician needs to foll ow the correct steps in order to terminate a patient from their facility because if the physician does not follow the proper steps, then they may run into ethical issues if the patient isn't given a reasonable cause for this action. An advance health care directive is a written statement of how the patient is wanting to receive treatment in case of a severe injury, illness, or incapacitated which will cause the patient not being able to make their own decisions.It is also known as a Living Will which will help the family members know what their loved ones wanted in case this happened. One of the most critical issues is confidentiality. It is the physician's role to keep the patient's medical information kept between the physician and patients. Full disclosure of patient information can help the physician diagnose medical conditions with the proper treatment. The only way the patient's information may be distributed is by signing a consent form to release their personal information.I nformed consent is giving a medical professional consent to perform a procedure or a test that is needed for a health concern. The language on the document of an informed consent must be understood and readable for the patient. Once they have finished reading the document, then a signature from the patient is required because of they perform a procedure that could cause medical harm during it. The patient could go back and sue the facility for not properly following their regulations. In the consent for the patient, there should be statements describing the certain procedure of what the physicians will be performing.The informed consent needs to be given during a specific time frame before the procedure. In conclusion, these ethical issues can be prevented with the proper training of the field. Proper training will lead to better quality of care and safe practices within an organization. The cost of health care will still be an issue down the road because the technology and the new findings of diseases will continue to increase. Following rules and regulations will help organizations grow in a positive setting. It is important for all facilities to become known to a comfortable structure so that they are financially set for any new changes.New changes don't only benefit the doctors but it also benefits the patient that is receiving the treatment. References 1. Mariner, W. (1995). Journal of Law, Medicine and Ethics. â€Å"Business versus Medical Ethics: Conflicting Standards for Managed Care† pg. 237. http://www. jblearning. com/samples/076374526X/4526X_CH14_235_250. pdf 2. Allison, David, Arch, D. , Uriel Cohen. (2009). The Center for Health Design. Critical Issues in Healthcare Environments. http://www. healthdesign. org/chd/research/critical-issues-healthcare-environments