The player Maradona Essay Example | Topics and Well Written Essays - 750 words

The player Maradona - Essay Example Which clubs did Maradona play for in his active football life? What are the awards that Maradona has won in his professional football life? Which clubs has the former football player managed after his retirement from playing football? I used research materials available on the websites as quoted in the reference section of the paper. The research materials describe the football career of Diego Armando Maradona from his youth career until he retired from professional football. The research is confined to the football career of Diego Armando Maradona to both the football career of Diego Armando Maradona both at club level and international career. Several parts of the search bogged me down. One of them is time limitation. The time allocated for this research was not enough that made me, as the researcher, to work under pressure. Moreover, I was faced by the limitation of insufficient materials with reliable information from where I could obtain the data. Several parts of the research p rocess sparked a breakthrough. One of them is that I was able to retrieve information from other sources that are not available on online media such as the books in printed form. Moreover, I was able to obtain information from newspapers available from the libraries that had sections focusing on the football career of the player. ... From the research, I realized that, Diego Armando Maradona began his professional football life at the age of 16 with Argentinos Juniors where he played between 1976 and 1981. At the club, Maradona scored 115 goals for the club in 167 appearances and helped the club win several awards including the league title. After 1981, Maradona was transferred to Boca Juniors football club in Brazil for a fee of 1 million pounds ( Maradona and Weinstein 5). In 1982, Maradona and Boca Juniors Football Club won their first league championship title. An English club, Sheffield United, made a bid for $180,000 for the services of Maradona but the bid was rejected. In 1982 after the World Cup, Maradona was transferred to FC Barcelona for a record fee of $5 million. The club won Copa Del Rey, a Spanish annual national cup competition by beating Real Madrid in the finals, and won the Spanish Super Cup the same year after beating Athletic Bilbao in the finals. Maradona won the respective awards for his e fforts in helping the club win these competitions (Deutsch 5: Cockcroft and Cardona 2). According to Burns, 47, after a series of wrangles at the club, Maradona was transferred to Napoli Football Club for a record fee of $ 6.9 million in 1984. It is at this club that Maradona reached the peak of his career. At the club, Maradona became an adored figure and a fans favorite where he elevated the club to its most successful era in history. He helped the club win the Serie A Italian championship in 1986/87 season as well as the 1989/90 Serie A Italian championship. Moreover, Diego Maradona helped the club to emerge as the first runner up in 1987/88 and 1988/89. Apart from the league, Maradona helped Napoli Football Club to win

Holistic Living Guidelines Research Paper Example | Topics and Well Written Essays - 3000 words

Holistic Living Guidelines - Research Paper Example Examining the concept of holistic living as well as how it is attributed to the way in which one responds to conditions while maintaining health can also create a deeper understanding of how to moderate one’s lifestyle for better responses and conditions. The results which are obtained consist of new and positive effects which an individual can experience for balance within their lives. Introduction The concept of holistic living is now becoming more acceptable in medicine and in the assistance of individuals living a balanced life. Holistic living is defined by combining the mind, body and spiritual needs that one has for a well rounded and healthier lifestyle. This is combined with the concept of self – care and preventative medicine. An individual that carries lifestyle habits for complete health through the mind and body while living a specific lifestyle then it offers a holistic living style. This consists first of the basic needs of a human, which is inclusive of physical health as well as peace of mind and comfort and safety (Eliopoulos, 2009). Doctors are now finding that this approach to healthy living is also one which can assist with medicine and works to balance out the needs of an individual and to change the way in which they live. When preventative care is given with physical and mental needs, it also is able to help with prevention of diseases. If one is suffering from a physical ailment, then combining the lifestyle needs and changes with medicine ensures a better response (Eliopoulos, 2009). Examining the importance of holistic living as well as how it can be used with changing physical and mental needs also points toward better health of an individual. A Health Promoting Diet The first step to living holistically is to begin to eat differently and to promote a health diet. The dietary recommendations now have moved outside of the ideology of eating a balanced diet of the five food groups. Instead, it has been found that a larger quantity of fruits and vegetables and the initiation of a rainbow diet of plant type foods are known to assist more with the healthy eating. This is combined with cutting back on meat and animal foods to balance out the diet. If meat is eaten, then it should consist of lighter meats, such as fish or eggs. The change in consumption lowers the amount of trans fats while balancing out saturated fats, which are known to be healthier for consumption. This diet is also high in dietary fiber and has fatty acids which are needed for balance. The fruits and vegetables eaten should also be high in antioxidant nutrients and phytochemicals while having carotene rich compounds, most which are found in fruits and flowers. It is known that this type of diet decreases intestinal transit time, delays gastric emptying, decreases caloric intake, increases digestive enzymes and benefits the intestinal microflora while increasing the production of short – chain fatty acids and decreasing serum l ipid levels (Lock et al, 2010). The change in the health is one which is now being noted because of the several problems which are arising in society. The diet which many have is leading to metabolic problems, obesity, kidney stones and diabetes. There are also cardiovascular and colonic difficulties arising, most which are based on the low amount of fiber that individuals are eating. When altering this, there is also an increase in antioxidants, carotenes, coumarin and isoflavoids. Immune functions begin to increase while other receptors

Advantage And Disadvantage Of Fixed Budget Accounting Essay

Advantage And Disadvantage Of Fixed Budget Accounting Essay However from a birds- eye view, budget can be defined as a management tools that put the managers in control of a finical health of the organisation. The objective of the budget is to measure of the financial structure of the organisation and budget is a tool that forces management to be accountable in a structured and objective way. How manager manage the budget is key to their value. Budget facilities the planning and resources allocation and help to estimate, itemised, analysis and examined the entire product and service that organisation offers to customer. (Seer, 2000, p.187). Budgeting is a simple process of consolidating budget and adhere them as closely as possible (Maitland,2000). It is a process turns manager attitudes forward looking to the future and planning; managers are able to anticipate and react accordingly to the potential problem before it arises. Budgeting process allows manager to focus on the opportunities instead of figuratively. The budget system provides sustainability to business process within an organisation. It is an utmost important process to the management. In other word by some researchers few business plan to fail but many of those that collapsed failed to plan (Horngren, C. et al., 2000) The aim of budgeting is to give management an idea how well the organisation is projecting the income goals and how well the organisation managing the working capital. The budgeting exercise should able to increase the profit, reduce inappropriate expenses and it also helps to expand the markets (Thomsett, 1988, p.5). To achieve the budgeting aim, the management needs to build a budgeting system (Viscione , J. 1984). A budget system varies from organisation to organisation and it is not unitary concept. The fundamental concept of budget system involves estimating future performance of the organisation, comparing the actual performance to the budget and analysis the deviation of actual result against the budget. The factors that determining the type or style of an organisation depend on the type of organisation, the leadership style, the method of preparation and desired result (Cherrington Cherrington, 1973, p.226) In general budgeting can be categories into two primary categories (Cohen, J. et al., 1994) which are operational budget and financial budget Operational budget covers revenues and expenses which involve day to day core business of the organisation which is normal operation activities. The main elements of the organisation operational budget include sales, production, inventory, materials, labours, overheads and R and D budgets. Financial budget controls the organisation financial aspect of the business. These budgets disclose the influences of the operational budget on the organisation, financial position and potential revenues. Financial budget include cash budget, capital expenditures budget, balance sheet and income statement. There are many available methods of budgeting are available and it is important for the management to decide the correct methods that suits the organisation. Generally, management choices on how to start preparing budget fall into one of three major approaches (Rasmussen, Eichorn, 2000, p.19) which are: Top-Down, Bottom- up and Top-down/bottom up. Please refer to figure 1 for Top-down and Bottom-up approaches. Figure 1: Top-down versus Bottom-up approaches Source: Rasmussen, Eichorn, 2000, p.20-25 Main Body Part A (i) Budget approaches adapted by United Consultancy United Consultancy had presently adapted the approach of static budget while preparing the budgeting. Static Budget is also known as fixed budget. Accordingly to Chartered Institute of Management Accountants of England, a fixed budget is a budget outline to remain unchanged irrespective of level of actual activities attained. A static budget will reflect the expected result or revenues of a budgeting year (Hansen and Mowen, 2011) of a responsibility centre for one level of activities. Normally fixed budget will be prepared in advance before the financial year as the cost classified as fixed and it will not very in direct proportion of the level of activities. Fixed budget approaches are widely adapted by service industry (Reeve and Warren, 2007) and partly by some administrative functions of manufacturing companies such as purchasing, engineering and accounting. Fixed budget is used as an effective tool of cost. If, the level of activities attained are varies from the budgeted activi ties then fixed budget become ineffective. Comparatively, fixed budget is only suitable for fixed expenses. A fixed budget is appropriate under static condition. Advantage and disadvantage of Fixed Budget Small business and service industries needs an overall budget to survive Fixed budget is most widely used by service and small industries as it help to track on control the spending. At the same time fixed budget can cause more problems rather than giving a solution. A fixed budget will capitalised the calculation fixed expenses and help to forecast the bills to be paid by the business. For the variable expenses, fixed budget provides maximise spending limits and it helps to control the finances. The advantage of fixed budget is to help the business to prioritise the expenses. Fixed budget clearly distinction between the businesses needs and wants by forcing the business to remain consistent, it will also ensure that the bills are paid on time. The disadvantage of fixed budget as its operates to one level of activity- the planned activity and it does not account for the business unpredictable activity. The actual always will be captured by a level of activity which is significantly difference from the planned activity. For example, to compare the actual production cost increased at production levels of 1000 units against a standard based on planned activity of 500 units could be misleading. Management will mislead thinking into that the production costs are out of control. An increase in production cost is avoidable as volume increases and it does not means that there is problem on increase cost occurred. Hiring Consultant for Future budgeting for United Consultancy A consultant is who has a position to have a certain level of influences over an individual, a group or an organisation but who has no absolute power to make or to adapt changes into the organisation. It is the employee of the organisation has the power to decide whether to accept and implement the changes into the organisation. The consultant brings specialised skills, knowledge, expertises or accessing certain information into the organisation. Scott Hascall (2002) had analysed the advantage and disadvantages of consultants and United Consultancy need to consider before hiring consultants for involving in preparation of future budgets. Advantage of consultants The consultants are import and hired to fill competency gap in the organisation. According to Drucker (1979) suggested management consultant is an extraordinary and indeed a unique phenomenon as consultancy has the management skills, techniques, knowledge are best learned through exposures to and experiences with many industries as the typical executives lack of this kind of exposure. As Drucker notes, The executive works with same organisation or most with very few. Executives lack exposure and cannot gain it nor can be stimulate it. Consultant will able to transform the organisation and gain the exposure at the same time will add significant value by reducing the problem resolution cycle time (Hagedorn, 1982). United Consultancy will be hiring consultant for preparation for future budget as it will bring new Idea, proficiency and impartiality objective (Gattiker and Larwood, 1985). Ifinedo (2011) had surveyed the impacting factor of consultants such as management, support, business, vision and external expertise. The result was found that all these factors influences the business system but the effect of external quality expertise was more important compared to the other factors Disadvantage of consultants An organisation hiring a consultant to bring as it will bring the required expertise, knowledge and experience to the organisation. Accordingly to Kelly (1979) hiring external consultant will be expensive as the payment will be based on their specialised skill in the respective field compare to internal consultant. An external consultant will not available at the right time and not easily accessible to the organisation as the internal executives. At the same time, and they are lack knowledge of organisation culture and working environment. Nonetheless consultants have the great level influences the senior management. A research by Norbck and kerblomMaster (2003) had highlighted that engagement of uncommitted management and inexperienced executives would lead to give an opportunity to consultants to take advantage of the situation and act to their benefit and attaining their own goals. There the experiences and capabilities of management consultants are critical for successful on management of consultants. One of most important factor to take into account when hiring consultants was mentioned by Luo and Liberatore (2009) which examined consultants objective and goals. The organisation main objective is to improve the performances while the consultants other goals such as knowledge acquisition and business growth. To overcome the situation, the organisation must well coordinate with consultants to achieve the desired goals. Part A (ii) United consultancy using Activity- based costing (ABC) for the allocation cost based fixed and varioable expenses. An effective planning of fixed and variable cost as follows: Planning to determine the variable overhead activates that add value for customers using the product and service Effectively planning to use the cost drivers in different level of activities. At the start of the fiscal year, a substantial percentage of fixed overhead are predetermined compare to variable. When the United Consultancy budget the fixed overhead cost, they should select the appropriate level of activity that will benefit the United Consultancy over long terms. This is a strategic decision. The key differences are how fixed costs are fixed to level activity and variable costs are allocated to level of activity. Actual Costing Standard Costing Fixed Cost Actual Prices Actual inputs are used Standard Prices Standard inputs allowed for actual output Variable Cost Actual indirect rate Actual inputs used Standard variable cost allocation rate. Standard quality of cost allocation base allowed for actual output. Activity- based costing has involves the following stage: Identify the level of activity that resources and cost to be associate. Identify the cost drivers linked level of activity. A cost driver is any factor that cause on drivers and activity cost. Calculate a cost rate per cost driver. Each activity should multiple cost drivers Assign cost to products by multiplying the cost driver rate by volume of cost driver units consumed by the products. Indentify level of activity that resource is most engaging and challenging which based on activity based costing. A cost advantage rules that companies identify most important activity. Non Value added activities will be identified and these can be eliminated to improve the efficiency and profitability. Majority of the cost drivers are related either to the level of activity or the complexity of the production or marketing process.

intelligence Essays -- essays research papers

Intelligence is the level of competence, ability to learn or to some people it is how well an individual performs on an IQ test. The structure of intelligence is best subdivided into two significant categories. They are environmental and hereditary influences. Environmental differences can be divided into different factors. The deprivation model of social class and intelligence consists of three variables. These variables explain, in terms of environmental factors, development and performance which are correlated with social status. The first of these variables consists of the combination of birth order, nutrition, and prenatal care. Children who are first born, on average score better on mental tests. There is a definite higher number of first born children among higher socioeconomic groups as opposed to lower socioeconomic groups. According to Bruce Eckland, children of higher economic class tend to be brighter, on average, than children of lower economic groups (65). Both prenatal stress and malnutrition, impair development and are found much more frequently among lower socioeconomic classes. According to Philip E. Vernon, the fetus can have lack blood supply and growth of the fetus can be disturbed if the mother takes certain drugs or suffers from certain diseases. Severe stress on the mother can also be hazardous to the fetus (84). These conditions expressed are both genetic and or resulting from environmental conditions and are known to as constitutional factors. The second variable of the deprivation model which helps exhibit differences in performance is the cultural variable. It seems that lower socioeconomic classes experience a unique pattern of behavioral and psychological traits which impair development in children raised in these conditions. The last environmental variable that accounts for differences in the cognitive development is the social cultural variable. This variable includes deprivation which involves socially structured inequalities in education and other social opportunities for improving performance. Sidney W. Bijou states that in order to help development, an ample supply of physical stimuli for cognitive development is favorable along with the people who have to manage these stimuli in contingent relationships after the birth of the child (230). Another environmental contribution to intelligence, which Bijou points out is th... ...ort the conclusion that both genetic and environmental components have a significant effect upon the intelligence of the child. There has also been some research done on identical twins who live in different environments. They have been compared with siblings who are not twins but live in the same environment. The correlation results for twins who live apart is .75 and .24 for no-twin siblings who do live together. It seems that together, these two correlations almost add up to 1.00 which is the total phenotypic variance. Vernon points out that the effect of genes is much more powerful than that of the environment. Even though the precise values of the correlations are of dispute, analyses of kinship data, concludes Vernon, provides the most convincing demonstration of genetic influence on intelligence. Undoubtedly ,the subject of intelligence can be defined in many ways. To better understand intelligence psychologist have rendered two main influences as cause for variable intelligence levels. These two main influences as discussed previously cannot be explained as one being the main determinant of intelligence. This two influences are environmental and hereditary influences.

Do Curfew Keep Teens Out of Trouble Essay

Even with a curfew teens will do what they want to do. If that means sneaking out, lying or skipping school or etc. sneaking out gives a teen a thrill and like they are invincible. That just makes them more likely to do much more dangerous stuff. Also, having a curfew just adds stress on a teen, because they will freak out about running late and traffic causing them to be late. If anyone says that kids will be too scared to sneak out, well wouldn’t they be to break an actual law? Does curfew really keep teens out of trouble? Curfews give teens the chance to change and it works because they have less time out to cause the trouble and get Pregnant do vandalism, go stealing take drugs, smoke Cigarettes, and have under age sex get involved with the police and Intimidating Behavior. That’s the reason many people believe curfews are a good idea however giving your child a curfew is not going to stop them from doing all this stuff. They may not do it during the night or during their curfew but they may be doing it at day time or even skip school and go get in trouble. Having a curfew does not decrease crimes. Numerous articles by credible sources such as the (National Center for Policy Analysis, the Center on Juvenile and Criminal Justice, and the US Department of Justice) all unanimously agree that curfew, in fact, does NOT lower young crime rates of any kind. Also, I found that the amount of arrests in young for breaking curfew greatly outnumbers the amount of arrests for any other crime in young. All of this goes to show that curfews in fact have no effect, and that teaching young teens to have morals and know what is right and what is wrong is greatly more effective than curfews. I’ve had my share of sneaking out, and staying out WAY past the time my parents set before me. It’s only because if you say I can’t do something, I want to prove everyone wrong and say that I can do that, and you can’t do anything to stop me. Curfew is just a fence that can be climbed and jumped over. It won’t keep teens out of trouble regardless of what people want to belie ve. Its denial and you know it. Just because they have a curfew it doesn’t mean that they aren’t going to get in trouble. It may limit the things they do. Which in turn limits the trouble they get in, but it doesn’t stop them from doing things to get them in trouble. (Wylie Tanton said on April 11, 2012 â€Å"I personally think teens shouldn’t have a curfew because whether or not they have curfew teens still get themselves into trouble, not only during the night. http://www.collegenet.com/elect/app/app?service=external/Forum&sp=42891) Almost never it’s extremely rare that a curfew will keep a teen from what they want to do. Whether they blatantly ignore you and just walk out the front door or sneak out, they’re going to go there either way. If you try to prevent any of that by grounding or forcing them to stay, it just makes them more willing to do it. By making a curfew, you are making the teen more tempted to break it. On (debate.org) 32% of the people said curfews do keep teens out of trouble and 68% of the people disagree curfews keep teens out of trouble. Actually depending on how early a curfew is, the curfew might be no more than a pothole in a teenager’s plan. Most teenagers have no problem finding trouble at any time during the day. If it’s out there, it will be found by someone. As long as you know where your child is, let them go during weekends and the summer. How will your child ever learn to be independent, without ever having an opportunity to be out on their own? Parents are responsible for their children, so if they know where they are and who they are with, no real strict curfew should be needed.

Role of Operations Management

Role of Operations Management Operations management is the design operations and improvement of systems that create and deliver a company’s products and services. In other words, â€Å"is the process of taking input such as raw material and component and turning it in to out put by adding values† (Shaikh, 2010). Any activity that relates to the management of the entire business process that produces goods and services falls into the operations category. Competition among today’s organizations has become immense and is getting tougher and tougher day by day since more new companies are starting businesses in the same industry.Whether they are from the manufacturing sector or service sector, the need for cutting the unnecessary costs, achieving maximum efficiency, and implementing operations management strategies is increasing with the passage of time. Therefore, more focus is being laid on Supply Chain Management these days by the businesses in order to set up cer tain operations approaches, distribution systems, and capacity layouts that not only reduce redundant costs but also provide better quality goods and services to the customers.This paper will discuss two operations approaches for each of these sectors manufacturing and service and would relate those approaches to quality control and efficiency that can be achieved by the businesses. Operational Approaches for Manufacturing Organization There is no wonder to know that the manufacturing organizations deal with the inventory much more as compared to the service organization. The inventory includes raw materials, complementary parts, actual or finished products, and other packing materials therefore, the two most used operational approaches for by these organizations are Lean manufacturing approach and Outsourcing.Lean manufacturing is the approach that identifies and minimizes waste by adopting continuous improvement to satisfy the customer’s demands. It ensures maximum quality by examining each part of the good after its production to identify the flaws that might be there (Blacharski, 2010). Second approach is outsourcing where the organizations that are not efficient enough in producing a certain product or material, assigns that production task to some other company, entity, business, or vendor that actually possesses the skills, mastery, technology, and resources to produce and deliver it.Operational Approaches for Service Organizations Just-in-time approach and the Balance between Degree of labor and degree of customization are the two operational approaches that are often used by the service organizations. Just-in-time or JIT system is designed and implemented in order to produce or deliver services just as they are needed. In this approach the raw material or inventory (potatoes or chicken) is delivered to the service department or facility such as, Mc Donald’s restaurant just at the time when it is needed.And secondly service organizations often try to maintain the balance between the degree of labor employed for the provision of services and the degree of customization based on the needs and wants of the customers. Advantages and Disadvantages The advantages of Lean manufacturing include reduced set up times, less lead times, lower expenditure of materials, simplification of materials for easy identification, reducing wastes, standardizing operating procedures, sustaining better environment and results, good maintenance, and safe practices (Heizer & Render, 2010).Disadvantages can be excess time spent on cleaning and identification purposes, also with the use of resources and money. Advantages of outsourcing include reduction in inventory costs, reciprocity, preserve supplier commitment, better production results, and offsetting the lower technical expertise and capacity the company has. Disadvantages include increase in expenditure, high production costs, and the company might not obtain desired quality or core comp etence. Advantages of JIT include reduction in inventory costs, storage costs, handling costs, cutting costs of quality, and improving quality.There is one major disadvantage that can be the stoppage of production or delivery of services if inventory is not delivered at the right time. The degree of labor and customization provides better customer satisfaction, customer loyalty, increased ordered and sales, less wage costs, and service variety. Disadvantages might be the increased costs in setting up new technology or method for providing unique or customized service for different customers, their maintenance costs, technology costs, and increased layoffs.In conclusion, I think this will improve my approach as in one day starting my own business to understand how operations management can be beneficial to a wide variety of organizations, both big and small. Operations management plays a vital role in the daily functions of an organization whether the company has identified this or n ot. Every process that a company employs to meet its strategic goals is a result of operations management.Operations management aids a company in becoming well-organized, operating more efficiently and productively, staying competitive and improving customer relations. Nationwide Business Interview I expect to learn what is fundamental to achieving and more importantly sustaining a career and business success, particularly within a competitive sales and marketing environment. The most challenging task is to motivate and manage employees to get on the same page and get something planned and completed on time and within a budget.The most critical skill you need as a manager is to understand and manage through tough current economic conditions, such as planning and executing, cost-control, developing and motivating employees and communicating and managing change. To have great communication skills for sales, negotiaton and networking also leadership skills is essential in order to reac h your goals. . A big part of surviving in business is about solving problems fast and effectively. An manager needs good problem solving skills.The important trend I have experienced is and crucial is customer experiences scanning our consumer trends, you will be able to understand where your industry may be headed, or even better, shape its direction yourself, by introducing new products and services that catch the competition off guard. The steps I take to organize my task for today is to first make a list of all tasks that you have to do. At the start of the day I select my most important items and start working on them. If a new task comes up during the day, I keep working on the current task unless the new task is more important.When deciding which tasks take priority when completing a project is deciding what needs to be completed first and it depends what is critical to meet deadline. To be effective in a business crisis your communication plan must be and easy to reference document that contains decisions, action, resources and contacts you and your team will need to represent your organization in the high pressure of a crisis. Employees should always keep in mind the interests of the organization and realize the company standards are more important than the customer’s nterests to bend the rules.Bibliography 1. Blacharski. D. (2010). What is Lean Manufacturing. Retrieved on November 13, 2010. From http://www. wisegeek. com/what-is-lean-manufacturing. htm 2. Heizer. J & Render. B. (2010). Operations Management. Eighth edition. Pearson Education, Inc. Prentice Hall. Dorling Kindersley India Pvt. Ltd. 3. Shaikh. S (2010). Operational Approaches. Retrieved on November 8, 2010. From http://safeshaikh. com/business/supply-chain-management/operational-approaches/ Role of Operations Management This paper describes operations management and how it is applied in the banking field. Operations management is fundamental for any business seeking a competitive advantage in productivity. The role of operations management is to efficiently and effectively produce quality goods and services to create wealth. Bank operations management is the foundation of banking. Processing daily transactions, controlling and managing trades and sales and supporting front and back officers is part of the many functions of operations management. According to Chase, Jacobs, and Aquilano, 2006, operations management is defined as the design, operation, and improvement of the systems that create and deliver the firm’s primary products and services (p. 9). Bank operations are behind the scenes and commonly referred to back office operations because it does not handle front office sales. However a bank cannot move forward without operations management. Thus operations strategy is vital to banking to function at its optimal level. By definition â€Å"operations strategy is concerned with setting broad policies and plans for using the resources of a firm to best support its long-term competitive strategy† (Chase, Jacobs, & Aquilano, 2006, p. 24). Typically a strategy breaks down into three major components: operations effectiveness, customer management, and product innovation. It is important that a firm’s strategy aligns with its mission of serving the customer. JPMorgan Chase, the bank with which I am familiar, strategizes into three major components: operations effectiveness, customer management, and product innovation. A strategy must always align with a firm’s mission statement to make sure goals are attained by focusing on customer service. In the banking business some of the many competitive dimensions are the following: cost or price of service or product, quality, and speed. JPMorgan Chase bank is a recognized national bank that integrates competitive dimensions in business strategy. Some of the services offered are free checking accounts with fee waiver requirements. Read also Exam Operations Management The starting fees are $12 a month for some checking accounts but there are fee waivers that some customers qualify for to waive the monthly fees. One common fee waiver is a recurring direct deposit totaling $500 or more each month. Price is an important factor for some customers but quality is an even greater concern for others. Because Chase bank offers high technology banking through Quick Pay and Quick Deposit at no cost to all customers, a monthly service fee for a checking account may be less important for customers seeking convenience and quality products. The next dimension Chase focuses on is speed and delivery of online payments. Chase is dedicated to providing the best customer experience in all areas of banking, including online and mobile banking. Chase bank is mainly focused on customer service, which is the reason for business growth. There are three dimensions of value by which businesses differentiate themselves in the marketplace, according to Chase, Jacobs, & Aquilano, 2006. The three ways are through: product leadership, customer intimacy, and operational excellence. Chase strives to keep a proportionate balance of all values to maintain the good reputation and strong name. All the competitive dimensions mentioned above are controlled and managed by back office operations. Therefore operations management is the cohesiveness of the banking business as a whole. It interconnects all functions of banking to maximize productivity in the most effective and efficient manner, creating wealth. Without back office operations support, JPMorgan Chase bank would not have the ability to excel in the banking business.

Free Essays on The Hobbitt

and a knife the trolls were carrying. The travelers come across the Secret Valley. There they stop at Elronds’ Last Homely ... Free Essays on The Hobbitt Free Essays on The Hobbitt Hobbit The book begins with Biblo Baggins enjoying a pipe after breakfast. This is one of his favorite pleasures and he feels quite content in doing so. He is middle-aged, and resides in a burrow in the ground. One morning Gandalf, a wizard stops by to talk with Biblo. He tells Biblo that he is looking for someone to go on an adventure with him. Although Biblo is tempted he declines, but not before inviting Gandalf for tea the next morning. The next day Biblo hears his doorbell and he remembers inviting Gandalf for tea, but instead of the wizard at the door, there is a group of dwarves, thirteen in all. Thorin son of the dwarf king starts to outline a plan on how to regain the treasure stolen by the dragon Smaug. Biblo is shocked to realize these plans involve him. He then realizes that Gandalf has tricked him by inscribing on his door that he was a burglar seeking a job with lots of excitement. With all this talk of quests and glory Biblo decides to join the party after al l. Gandalf reveals a key and a map of their journey, which ends at the Lonely Mountain. It is there that the treasure of Thorins’ ancestors is guarded by Smaug. The quest begins and the party meets at the Green Dragon Inn. From there they venture into the Lone-lands. As heavy rains begin to fall, Biblo notices that Gandalf is missing. When it starts to pour they stop to investigate a light. Their Biblo finds three trolls grumbling about food. Biblo decides to live up to title of burglar and attempts to pick one of the trolls’ pockets. However they quickly capture him. The dwarfs see what's going on and try to save Biblo but all of them except Thorin are caught. Thorin formulates a plan to free them but fails. Gandalf returns and occupies the trolls till dawn, and then they turn into stone. The group takes the two swords and a knife the trolls were carrying. The travelers come across the Secret Valley. There they stop at Elronds’ Last Homely ...