Why Entrepreneurial Organizations Seek Opportunities for Innovation Entrepreneurial organizations are embracing innovative openings to influence their capabilities to gain a thrive on gaining a viable advantage over their competitor. They try as much as possible to assess the market patterns, produce high-quality products, and expand their operational productivity for them to obtain a reasonable share of the market and make a higher profit. The following reasons explain why entrepreneurial organizations seek opportunities for innovation; The first reason as to why organizations seek innovative opportunities is to introduce fresh products and improved services. To gain domination in the market, entrepreneurial organizations should embrace creativity and new creative ideas. With innovations, these organizations are better placed to produce fresh products and earn a significant market share for such products. By virtue of being the first organization to introduce a product which fits the need of the customers in the market, it is only imperative that such an organization will build a broad base of loyal customers, since the product is perceived by the customers to be original and of quality as…
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The Executive Summary: Defense Health Agency and the Military Health System Introduction Defense Health Agency is a joint military combat support agency that is mandated with the responsibility of delivering medical care to military personnel during times of war and peace. DHA works closely with the Military Health System to provide affordable and high-quality healthcare services to the servicemen and women plus their families (Defense Health Agency Report,2017). The agency operated under a quadruple objective, namely; increased readiness, better healthcare, better care, and lower cost. The initiative currently provides medical, pharmacy, and dental programs to more than 9.4 million both active and retired military personnel and their families globally. Military Health System, otherwise referred to as MHS, is an integrated system that operates globally to provide healthcare to the U.S. military personnel and their families. This system also caters to the retired staff. It is the nation’s most extensive health benefit plan catering for injuries at battlefields, infectious diseases in combat, and care for veterans. Current state and goals. Operating under a budget of $52 billion, the military health system…
Improvements in Management Accounting System Introduction Management accounting is a necessary process that ensures planning, directing, and organization of financial data is carried out effectively and efficiently. When an organization has ineffective management in accounting, the possibility of the firm or the business to fail or decline is highly rated. Most of the enterprises strive to manage their economic agendas and the general operations to secure their market. Management accounting similarly evolves with time and generation. New improvements in value chains and value-added activities are implemented to ensure the firm meets the standard of production and win the competitive market. The management accounting process entails activity-based costing, activity-based management, target cost, and balance score approaches of the firm. The present management requires modern techniques to operate the accounting operation for effective and efficient business operations. (Malina, 2018). These advanced techniques are mostly the standard mechanisms most of the companies apply to run their businesses. In this competitive age of business operation, standard methodologies should be primarily used to stay on top of the market. These conventional techniques are the modern…
GMO Internet Group GMO Internet is the 1st Section listed Internet company of the Tokyo Stock Exchange. Along with it, the company considered being the holding company of GMO Internet Group. Its head office situated in Shibuya, Tokyo, Japan. This Internet service industry leader operates as well as develops most widely used domains, hosting and cloud as well as security and payment solutions. It also has an FX trading platform which considered to be the world’s most extensive cryptocurrency-related services. Recently, it also announced that the company holding internal testing of blockchain is preparing for the launch of a Japanese yen-pegged stablecoin which is going to be called “GMO Japanese YEN or GYEN. It is being speculated to come out in the very first half of 2020 outside of Japan once it gains all the receipts of necessary regulatory approvals. The global brand for overseas strategies of GMO Internet Group which goes by the name Z.Com will undertake the GMO’s Internet development and planned launch of GYEN. The GYEN blockchain development has already completed, and they are…
What You Should Look For In A Reliable Locksmith Locks, Keys, Safes When it comes to protecting your home or business, there’s no other way around it: only a reputable locksmith can ensure you the safety you seek. While local handymen are likely to offer similar services, you will need professional expertise to guarantee a full-proof installation of your required locking systems. To avoid break-ins and faulty hardware, you will need to look for a locksmith with an intricate understanding of locks, keys, and safes, as well as the modern tools maximizing their efficiency. Here’s what you should look for in a trustworthy locksmith. Local Service Is Great Service With the availability of highly competitive pricing offered by large organizations, it can be tempting to overlook local locksmiths. However, remote and large-scale companies are more likely to provide you with rapid, inexperienced service only suited for emergencies. These companies operate on volume; therefore, they will often trade quality of work for low rates and swift project completion. Local locksmiths, on the other hand, are more likely…
2019 iPhone refit With the latest 2019 iPhone refit, the lineup changed again, welcoming iPhone 11 high-end device models to the market, focusing on the supply and demand of the consumers and determinants such as price range. This device has a price range of $500-$1000, which is, of course, expensive than previous iPhone 10 models, but iPhone 11 models are considered the perfect for most consumers. There is a high demand for the new handset, and in response to this better-than-expected demand, the production of the handset by Apple company continues to increase. This implies that the rise in the supply of the handset (supply elasticity curve shifting to the right) is, to some extent, being overtaken by the surge in demand (demand elasticity curve moving to the right). It seems the process of Apple company pushing up the price of its products has a massive increase in the demand of their new handset, with the lead time growth indicating consumers do not focus on their purchases on the handset. This depicts that as the elasticity of demand increases, the…
My fascination with computers We are currently in the midst of the era of technological and computing revolution when no industry or business remains untouched of the drastic changes that technology has brought in. One of them is Big Data produced massively by companies and users every other moment. Most organizations apprehended the significance of applying big data technologies and initiatives to analyse data, get significant value from it and make strategic decisions. I enjoy dabbling with computers and experimenting with different applications together with gaining insights into the modern computer industry through extensive reading. This helped me realize that big data technologies are being used at a large scale by businesses to make innovative and well-informed decisions; however there are still tremendous developments to come in this field. Having a passion of problem-solving and enthralled with object-oriented programming, I feel motivated to be a part of this evolving field and desire to pursue my masters in a more competitive, elite, and international environment to gain profound knowledge and professional skills in data science. My fascination with computers emerged in…
CELLPHONES When it comes to communication efficiency, cellphones are the best things to ever happen to us humans. Cellphones have become an essential part of us human beings due to the effectiveness in communication and also the benefits we derive from features such as good cameras. Despite the benefits that come with cellphones, they have proven to have a negative impact on the lives of its users. Cellphones have formed a new addition to their users since the majority cannot spend even an hour without checking on their phones. Cellphone use is addictive since they are one of the leading distractors of drivers who cause accidents on the roads. Also, the attention of many school-going children is often disrupted by cellphones. Cellphones have also affected our social lives negatively. It has disconnected many people from the social world and connected them with social media word. Many cellphone users prefer to chat using their cellphones rather than do a one on one talk that could be meaningful to their circumstances. In conclusion, cellphones have provided efficiency in communication but have proved…
Unlocking iPhones and its implications FBI – APPLE phone encryption disputes Unlocking iPhone would require the version of software to be created The FBI wants access to the iPhones of suspected terrorist and criminals Software could compromise millions of iPhone users FBI – Apple goes to court FBI uses 3rd party applications to unlock phones Consequences apple could face in the future In several instances, the federal government has attempted to compel Apple to help unlock the iPhones of suspects, but Apple has refused. FBI officials say that the iPhones should be unlocked to gain access to sensitive information during terrorist and criminal investigations. The FBI, on its own, cannot gain access to the iPhones of users because the phones are programmed to wipe off data after ten incorrect login attempts. This method is called the brute force approach and risk erasing data/locking the device forever, thereby rendering it useless. This is a standard security mechanism in the iPhone, and Apple has said that it would create new software to get around the security measures. Implications of…