Enterprise Resource Planning (ERP) System To handle the ever-increasing volume and frequency outgoing and incoming data, a business needs to have an effective management system. Even for small businesses, where business operations are still uncomplicated, various business processes can be made as efficient as possible. Gone are the days where document filling and other demanding and more important operations such as data entry and data analysis were done manually. The best management that I would recommend for any growing business is the enterprise resource planning (ERP) system. ERP, unlike its counterpart Microsoft Excel, allows more operations to be done in a more efficient manner. ERP has features that allow integration of important business processes such as sales, inventory, finance and marketing into a single system that is easy to manage. Although the excel spreadsheet is a very useful accounting and record-keeping tool, it has fewer functionalities as compared with ERP. It is, therefore, slowly becoming an out-dated method of managing business operations and it has been overtaken by more versatile ERP systems and other digital applications. The greatest advantage that…
A service Day in Saudi Poor Community If I probably do a sampling In La Roche University of what they think of Saudi Arabia in terms of poverty, most will state things related to the vast oil field and oil is equated to wealth. If I get such answers, I will not be surprised at all because, as a citizen of Saudi Arabia, I thought most people could afford at least essential commodities. I was surprised back in May last year when I joined Insan Organization, and we visited a community in Riyadh with the majority of people struggling to get basic needs. The Insan organization gives aid to the least privileged individuals, especially those who escape catastrophes like wars. I had an argument with my friend that it is impossible to find Saudi Arabian people struggling. To clear off the discussion with my friend Aziz, he told me that all I need is to get some finance and be prepared to give service to the people I will meet. On the day we went to the outskirts of Riyadh,…
CBK Treasury overdraft hit Sh 64 billion The Central bank of Kenya (CBK) shows an outstanding treasury overdraft of Sh 64.05 billion. The data is a result of the underperforming tax revenue streams and the high demand for capital to help in the ongoing fight against coronavirus. From March 1 through April 9, the Treasury has tapped Sh 33.58 billion from the overdraft facility, which clearly shows a reduced inflow of government securities and tax receipts. The money tapped by the Treasury from the overdraft is a temporary source of funds that will help the Treasury to finance salaries and repay debts. The money is usually accessed when the Treasury revenues from other sources are not flowing, yet spending demands are there. However, economist have warned on the excessive use of the overdraft facility, arguing that it is equivalent to printing money, which puts the economy at a high risk of inflationary pressures. CBK also regards the overdraft facility as a direct creation of money, which should ideally be restricted to 5 percent on a maximum according to the recent…
The right to vote by ex-felonies The right to vote by ex-felonies in the United States has become a topic of discussion by many policy-making groups and the judiciary in the country. Felony disfranchisement policies and severity in the United States vary from state to state. For example, in 2008, 5.3 million Americans were not allowed to vote because they were ex-felons. Whereas some states limit the right of voting for ex-felons in different ways, some states do not have any limitation towards voting for the same group of individuals; for example, the state of Maine does not have restrictions on ex-felons when it comes to voting. There are different ways in which different states restrict voting on ex-felons. First of is limiting voting rights of a felony when they are still serving their term in the society or jail. For example, states like Colorado and Maryland have these restrictions. Ex-felons may not be able to vote until when they finish their term, parole, and probation, and then it can be restored. An excellent example of the states are Alaska and…
Legislation and self-regulation Self-regulation is the term used to refer to the situation where the parties in an organization industry or trade sector of the economy are mandated to monitor their conformance to legal, ethical, social as well as safety standards. In some cases, self-regulation tends to be more efficient and effective under which the regulation is passed to consumers. Therefore, the process of rules enforcement, monitoring, and remediation processes is easier and fast. The legislation is the government regulation that is enacted to protect its citizens, more specifically, the consumers for the business sector. Therefore government regulations tend to protect the immediate consumer; however, the impact they might have on the business sectors. Government regulations are often better in situations where the industry may fail to eliminate the unethical behavior known to the public. Therefore regulations become infective where there arises a conflict of interest. Laws enacted by the States may thus force the party concerned to comply with such regulations. The concept of whether legislation or self-regulation should apply depends typically on the issue at hand. It also…
Electronic control access system Today both small scale and large scale business are recognizing the need for security to protect their goods. Understanding the best business security to use has never been an easy task. In the olden days, people used to hire security consultants to assess their business and give recommendations to the owner. Those days are gone, and now companies are adopting the new technology to apply for security measures. Today people only research the determination of a kind access technology to use in their workplace. This technology controls and monitors the access of people in the workplace 24/7 offering security coverage. Solutions to security problems are the use of an effective entree control system. Different access control systems can be used to control access at the entrance points of businesses. They include; pin codes, alarms, key cards, biometric scanners and video surveillance. With the use of electronic control access system, only cleared persons can be allowed to access the building. The system prevents the entrance of unauthorized persons and gaining access to valuable goods, money or confidential…
Three global developments in Canada Three global developments in Canada are impacting the economy and increasing the uncertainty of their economy. The first global development is the intensification of the global financial crisis. This has resulted in pulling in the credit markets and instability of global equity. Growth and development will also be restrained as a result of the financial markets reducing leverage. It is important to note that the United States of America is already in recession. This will impact Canada in that the chances of this country and its global economy experiencing recession will significantly increase. This is the second factor affecting the economy. Thirdly, the decline in the prices of commodities in this country is also a huge cause of worry. Inflationary pressures have reduced globally. Policymakers have responded to this by increasing liquidity in their markets and re-capitalizing their banking sectors. This will affect growth in Canada. It will be slow and receptive in the first quarter but will pick up gradually and influence development. It is essential to note that Canada will need to deleverage its…
A subculture Q1: Some actions of companies have been criticized that in trying to align themselves with values and views of subcultures, these actions are primarily aimed at making more money for the company rather than attempting to make a social statement. I agree with this criticism because whatever decision a company makes, its major focus is making profits. Other things, such as making a social statement, follow after the profit-making is achieved. Advertisements are aimed at making the products of an organization better known to the public as a way of increasing sales. It’s a marketing strategy that works out excellently, especially if the advert meets the targeted audience. The fruits of an advertisement are not reflected in its impact on people but on the rise in sales and profits that an organization makes. It is thus true that ads are aimed at making money and not impressing a particular subculture in society. Additionally, without sufficient finances, a company is unable to prosper, and this is the reason why companies focus on the central aim of making more money…
Themes in Candide The corrupting power of money is a primary theme that I believe has taken a central stage in the nine different concepts illustrated in the Candide story. When Candide got a fortune in Eldorado, it was like most of his challenges had been solved. The issues like the arrest and the injuries to the body were no longer threats as he could easily bribe his way out of most situations. The practice shows a concept of humanism which is a concern of humanity, uniquely using specific approaches to solve human problems, like the avoidance of arrest and body injuries. However, as a rich man, Candide is still unhappy. The lack of happiness has come from the experience of seeing his money go to the hands of the corrupt merchants and also some officials testing his optimism in a manner that inhibited flogging. The experiences get associated with empiricism where the knowledge gets derived from the sense of experience. Also, the concept of pagan self-reliance is seen in the story where Candide has a full reliance on…
Specific elements usually attract each other more than others. Also, the universe does not judge how people mold their lives, the paint used in their image, or the way they design their situations. It merely reacts to the intentions of their creative mind by bringing their life events, individuals, and circumstances that align with current configurations of talking, thinking, and even responsive yearnings. The law of attraction also depicts that people attractively attract situations, people, and occasions that are in synchronization with their prevailing sentiments, judgments, and designs of self-talk. It is also necessary to note that attraction has four characteristics that seek to define a decisive factor when it entails identifying another person as either attractive or unattractive, and they include similarity, proximity, reciprocity, and physical attractiveness. The aspect of similarity depicts that individuals are likely to be attracted to those who resemble them, and as such, this is a conflict of the prevalent idea that counterparts attract. The elements leading to the attraction, in this case, maybe age, educational background, political and religious beliefs, values, and other demographic…