Project Selection and Planning The process of identifying and selecting information system development projects Project identification is a repeatable procedure for authenticating, recording, ranking, and finally approving the candidate projects within an organization. Project selection is a process in which the project idea is assessed helping in the selection of the project with the highest priority. Project identification and selection in information system projects involve four projects. They are identifying the potential development projects, classifying and ranking the projects, selecting the project for development, and Implementation of the chosen project. Identifying potential development projects Organizations have different ways in which they identify their projects. Various members of an organization can conduct the process. In Pin Valley Furniture, the CEO can conduct the process. The board of directors can form a committee to perform the process, and the selected committee member should have an interest in the information system. A senior information system manager or the development group can spearhead the entire identification process. The members of the user department can also decide on which project should be preceded. All the…

Wing Energy: Pros and Cons “In 2015, 4 percent of the world’s electricity was generated by wind power technology but some countries had individual percentages reaching as high as 42 percent” (Friedman Para. 6). This technology produces power by harnessing naturally-occurring airflow to create energy. This paper argues that wind power has more pros than cons when it comes to cost reduction and the protection of the environment. One of the benefits of wind power is that it is a cost-effective source of electricity. To begin with, the wind turbines can continue producing energy many years after being constructed. At the same time, the land in which wind turbines are constructed on can be used for other purposes (Office of Energy Efficiency & Renewable Energy). For instance, wind turbines can be constructed in already existing ranches. On this note, wind energy can be a source of income for people in rural areas (Friedman). For instance, landowners and farmers in rural areas can earn a stable source of income by allowing wind turbines to be constructed on their properties. In addition…

PESTLE and SWOT analysis Executive Summary The world today is endowed with many emerging technologies that are hugely and significantly impacting business organizations. The use of the internet and other technologies that have enabled organizations to automate their processes and activities has dramatically helped in catalyzing organizational growth and success. Additionally, business organizations have found it easy to plan and implement any growth and expansion plans and strategies they have through the use of these emerging technologies. Business organizations have incorporated and fully embraced the use of these new technologies to enable themselves to become global companies hence able to compete in the more massive arena with other business organizations. However, there are several problems and challenges that global organizations face and these issues must be addressed if the organization wants to become successful and competitive in the long run. Through the use of different strategies and tool business organizations have been able to conduct a thorough analysis of the internal and external factors affecting them. Among the essential tools utilized by organizations is the SWOT analysis. On the other…

Monopolies and their impact on the market Introduction Monopolies are usually firms that dominate the market. These can be a pure monopoly with 100% market share or even a company that has monopoly power, holding at least 25% of the market (Marshall, 2015). Monopolies benefit from economies of scale because of reduced average costs, and these can be passed down to the consumers. Some firms turn to monopolies through horizontal integration. They buy their competitors, and they remain the only ones in the market. Monopolies are also made through vertical integration in which the company controls the entire supply chain from production point to the retail. Also, some monopolies enjoy government regulations that offer them a market. The government may do this to ensure the production of electricity and delivery since it cannot stand the disruptions that result from free-market forces. This study will focus on the impact of monopolies in the market, the positive and the negative sides of monopolies and my opinion on monopolies. The first disadvantage of monopolies is that they restrict free trade as well as…

Pros and Cons of Electronic or Mechanical Safe Locks If you want to get the pros and cons of electronic safe lock over a mechanical safe lock, then you should ask any locksmith or someone who regularly uses safes. You will get various opinions and answers. Some people have practical and valid reasons why they prefer one safe lock over the other. At times, it’s because of familiarity with one safe lock and practicality is not put into so much thought. In this blog, I will consider in on the argument, if at all there is one. Factors to consider Before you decide if you want either electronic or mechanical safe lock, there are some factors you need to consider. What is the main purpose of the safe? Cash control Storing documents such as insurance, deeds, wills, etc. Securing weapons Storage of ammunition jewellery coins controlled substances such as Rx How regularly is the safe accessed in a day or overtime? Each hour Two times a day Once every week A few times in months How quickly must you access…

How the government can Influence Positive and Negative Externalities. Externalities arise in an economy once the consumption or production of a particular service or goods influences a third party who is not linked directly to the consumption or production of that product or service (Cornes, 1986). Externalities are overspill benefits and costs. When an expense spills over, a negative externality arises. If a profit spills over, a beneficial externality arises. Thus, externalities occur when the transaction’s costs or benefits fall on someone who is not the manufacturer or the buyer. Negative Externalities Over the past several weeks, a town with one of Parkruns ‘largest populations, Canberra, has gone without people. So dense and unhealthy was the pollution coming in from bush fires nationally that two of the eight Parkruns in Canberra and neighboring Queanbeyan were deserted for some time. There existed an impact on the economy as well. Individuals were expected to go to a coffee shop after each Parkrun to have a coffee or a slice of banana pie. The smoke resulted in several small enterprises going out for four…

Impact of Social and Ecological systems on sustainability The three actual dimensions of sustainability in the present-world include the economic, social, and environmental/ecological aspects. No aspect among these outweighs the other in its importance as all have an equal impact on the sustainability of our world resources for future generations. There are some; however, that showcase striking similarities in their ideologies and are the ones that are mostly focused upon in sustainability efforts, as they appear to have the most evident impact in conserving resources. These are the ecological and social systems. Interactions among both social and ecological systems, in a significant way, affect how sustainable a resource will be. While social networks refer to the relationships between individuals, groups, or institutions and consequent interactions fostered by these relationships, ecological systems can get described as the interactions between any organism and its environment (Argos, 2015). Each has nearly as much impact as the other in determining how much of a resource will get depleted within a specific frame of time and how much of it will get left for future generations.…

Various Aspects of Supply Introduction A supply chain organization is an important part of connecting the various stakeholders – people, activities, and resources – for efficient delivery of goods and services. Manufacturing, sales, and other sourcing activities are integrated into the process. We shall analyze some of the perspectives that have shaped the supply chain in recent decades. Discussion Adopting Lean and JIT Lean is a model of manufacturing that is highly associated with Toyota Motor Company (Pekuri et al., 2014). The model aims at the gradual development of the efficiency of a system by the elimination of wastes. Wastes are the human activities that use up resources yet lead to the actual value. Some perspectives contribute to waste. They include the excess and early production and delays caused in the process. In this case, delays refer to lost waiting time for raw materials whereas early and excess production leads to waste by capturing resources early on in the production period which assumes the risk of changing consumer tastes and preferences. One of the key principles of lean is the…

Managerial finance – In-depth analysis of concepts and differences between concepts In Managerial Finance, the consequences of certain financial techniques, methods, and concepts are explored. The technical aspects of finance can be amalgamated with management studies so that the decision-making process goes smoothly. Investors can make buying or purchasing decisions based on market demand and supply. Reasons for an investor behind purchasing an option instead of shares of the underlying stock An investor would be interested in purchasing options rather than shares because options have a range of advantages. In case an underlying stock price reduces and results in put options’ strike price, the investor can easily buy the share available on strike price instead of purchasing the share by paying high prices (Black, 1975). The investor can make a choice regarding the types of put options to sell. The investor can also select the best strike price and can even control the price he/she will pay for a stock. Stock options have added advantages. The premium that the investor would receive in case of puts is likely to offer…

In what ways and to what extent have the EU’s core interests in the Maghreb changed as a result of the Arab Spring? Introduction The union of the Arab Maghreb, also known as Arab Maghreb Union was established in the year 1989 with its founding members including Algeria, Tunisia, Libya, Morocco and Mauritania. Due to closer relationships among these countries, there was an agreement which lead to the signing of the Treaty of Marrakesh which was aimed at increasing the welfare of the native citizens of these founder countries. The treaty had a main goal of assisting in the ending of the book famine which was faced by the people who were visually impaired, including the blind and the disabled as well. The treaty required the member countries to have an exemption to the domestic patent law to govern the visually impaired and the print disabled people. These groups where therefore entitled to the rights of education as a call was made to produce more books for them after the patent rights had been granted. In order to support their…