Thursday, September 3, 2020
Fund Concepts - Assignment Example On the off chance that the assessed life of this venture is 5 years and the Required Rate of Return is 10%, at that point we can likewise compute the NPV of this task. On the off chance that the NPV is additionally a positive worth, at that point we can securely gauge that this task will convey a decent return, and the underlying venture would be canvassed in 5 years. (Shim and Siegel, 2000). 2. At whatever point one needs to fund a business, he can go for either obligation or value financing. Obligation Financing conveys heaps of favorable circumstances and drawbacks. The significant favorable position of this type of financing is that you don't lose the responsibility for organization. The moneylender likewise doesn't have such an offer later on business benefits. Additionally, the enthusiasm on obligation is deductible on the taxÃ¢â¬â¢s returns, henceforth decreasing the genuine expense of credit to the organization. At last, on account of obligation financing the organization i sn't qualified for send their yearly reports to different partners. Anyway there is consistently another side of a coin. Obligation Financing conveys the drawback of at being reimbursed sooner or later in time. The intrigue cost can be exceptionally hazardous for an organization, particularly at the hours of monetary emergency. Other than that the security the organization promises against the advance can squeeze the proprietor of a little endeavor. There is a motivation behind why organizations decide to put resources into stock instead of bonds. The interest in bonds conveys lower returns than stocks. Despite the fact that it is less dangerous, the arrival on stocks can be substantially more engaging. Speculators can, in specific circumstances lose cash on bonds, in the event that they sell a bond when the cost is lower from when they bought it. The higher swelling rates over the speculation return on securities will hurt the buying influence of the cash the speculators have (Petc h, n.d.). 3. In the field of account there is a significant idea of hazard return exchange off. There is a general thought that wins, the higher the hazard the more prominent the arrival would be for a venture. The parity of the hazard return exchange offs, is subsequently a key factor in structuring a legitimate budgetary and venture plan. Let us take a case of interest in stocks. On account of a theoretical stock in light of its high hazard, as a financial specialist, you will anticipate a better yield. The equivalent is the situation with the working capital administration. In the event that you keep a lower stock, there is a danger of coming up short on stock and subsequently you expect a bigger return out of it (Shim and Siegel, 2000). 4. In account, a Beta estimates how unstable any security is to the market normal. In layman terms, it gauges the arrival of a security in a specific timespan comparable to the general market. Let us take a model, if an organization has a beta of 2.0 in due time, this would imply that if the securities exchange would increment by 10%, our companyÃ¢â¬â¢s stock will build twice crease for example by 20% and the other way around. On the off chance that the organization has a 0 beta that implies it isn't influenced by the market. A 0.5 beta would mean the companyÃ¢â¬â¢s stock is half as unpredictable as the market, while a 1 beta would show that the organization is as unstable as the market (Shim and Siegel, 2000). 5. At the point when a hazard happens due to non-probabilistic occasions and not by unadulterated possibility, it is named
Wednesday, August 26, 2020
Article discusses emergency clinic business workplaces Essays Article discusses emergency clinic business workplaces Paper Article discusses emergency clinic business workplaces Paper Article Topic: Talk This article discusses emergency clinic business workplaces and the requirement for them to think like advance supervisory groups of nearby banks and credit associations particularly when gathering incomes from patients. This system will at that point help clinics to build their money assortments just as improve the budgetary encounters of the patients. This is altogether significant today as the quantity of patients who shoulder their own clinical costs are on the ascent. Indeed, sixteen percent of patients who are guaranteed have extraordinary adjusts that are more prominent than 500 dollars. As per research, under 2% of the all out patientsÃ¢â¬â¢ balances are gathered previously or upon release and of the parities that are 500 dollars or more, under 8% are forked over the required funds and this records for about 66% of business office tolerant assortments. There is a need, subsequently, to concentrate on two activities in particular: organizing activities as indicated by the normal money potential and to think about the arrival on speculation (ROI). A record with a bigger equalization doesn't liken to it being an important record. Records with more prominent expected money esteem, in this way, require an increasingly serious assortment exertion. In that capacity, the creator records 3 working needs for business office arrangements to be specific: (1) utilize social insurance explicit prescient models as this will empower the executives to concentrate on the most important records in the most productive way, (2) utilize various assortment forms relying upon the record money esteem and the arrival on venture and (3) actualize new revealing Subject The general subject of the article is to give new data to improve the procedures of the clinic business office. Perspective The perspective is real and the authorÃ¢â¬â¢s focuses are trustworthy and persuading. Moreover, the creator gives an unmistakable and reasonable method of introducing information. He shows his contentions unequivocally and gives explicit models on each point. In any case, the creator refered to a few investigates to base his focuses in, of which the sources were not named. Issue Analysis: Activities ought to be organized relying upon the accountÃ¢â¬â¢s money potential. In an exploration, under 1/3 of patient records produce 80% of the money assortments implying that these records don't have a high worth. Moreover, a record with an enormous parity doesn't compare to its money esteem. A human services explicit prescient model ought to be used so as to effectively recognize accounts that are of higher worth. By using this sort of model, the procedure of money assortments will be improved and simultaneously, will limit the working costs. Likewise, the assortment encounters of patients are improved. By organizing those that have the most money esteem, the probability of the assortment group constraining individuals with records of restricted money esteem is significantly decreased. An attention on money esteem is significant as this is the issue that the business office group needs to reply. In a circumstance outside the territory of medicinal services, an item or administration might be halted or denied whenever. In the field of medicinal services nonetheless, it isn't normally conceivable to deny or stop the administration quickly and the bill can take a little while before being conveyed to the purchaser. The assortment technique used by emergency clinics ought to be as per the money estimation of the patientÃ¢â¬â¢s account. Shoppers who have the record with the most elevated money worth ought to be committed with uncommon proportions of correspondence, for example, additional letters and outbound calls. The emergency clinic might be burning through its time and cash by attempting to seek after a client who has an enormous parity yet may not probably pay while interminably seeking after buyers who have more odds of paying their parity. An assortment report that estimates accomplishment against the potential money worth ought to be executed. The critical estimation is the money potential as this is the thing that ought to be gathered by the group. The report ought to ascertain the money potential precisely for each record to abstain from turning out to be equivocalness and disarray. A reasonable report can likewise delineate suitable exchange offs that are made and show that an amplification of the net money is accomplished. Likewise, awful obligation can be unmistakably followed which prompts enhancements in quiet access schedules.
Saturday, August 22, 2020
Capstone - Essay Example Qualities Ã¢â¬one of its significant qualities is its notoriety for high-caliber, mechanical advancements, and superb client support. This capacity to use new mechanical thoughts into something valuable for business and particularly speaking to shoppers is exemplified by its catchphrase of Ã¢â¬Å"Think DifferentÃ¢â¬ which was the individual aphorism of its originator Steve Jobs. The individuals at Apple, Inc. had proceeded with this heritage as it wandered into new territories of buyer hardware. As it were, Apple, Inc. is a genuine case of the learning association as appeared by its adaptability and deftness to continually re-create itself (Schermerhorn 2010) to react to different dangers like the ascent of Samsung from South Korea and in a few pending patent claims still in the courts. Shortcomings Ã¢â¬ a key shortcoming of Apple, Inc. is it is being seen as exclusively the result of the sheer power of will of Steve Jobs and who is gone because of malignant growth, there are some waiting questions whether his replacements can proceed with his inheritance of advancement and thoroughly considering of the container, as it were. This organization had progressed well without Steve Jobs at the top however its future isn't guaranteed as it keeps on engaging numerous new participants to an effectively packed industry. Openings Ã¢â¬ the organization can go into vital unions with its rivals so it can more readily snatch piece of the overall industry and abbreviate the period in carrying another item to the market. It is a system embraced by the quicker and nimbler Samsung when it aligned itself with Apple, Inc. in the beginning periods of the advanced cell industry yet has since gone separate ways and now overwhelmed the worldwide market for this hand-held gadget. Apple, Inc. can additionally fix its hold on the very good quality tablet showcase by going into business concurrences with retail chains like what it did with Starbucks for its huge music inventory to make new interest for its items (Ireland et al.,
In the novel The Hunger Games by Suzanne Collins the characters are put to a definitive test to endure or wind up dead. In perilous and hazardous wild circumstances, one needs chasing aptitudes, physical quality and mental quality so as to beat the chances. One needs chasing abilities to beat the chances in a hazardous or dangerous wild circumstance. Peeta specifies KatnissÃ¢â¬â¢s chasing aptitudes Ã¢â¬Å"SheÃ¢â¬â¢s superb, my dad consistently remarks on how the bolt never punctures the body, she this everybody in the eyeÃ¢â¬ . This statement shows that if Katniss is consistently starving she can depend on her aptitudes to promise her a slaughter. Katniss likewise murdered a deer with her bow, so she could give food to her family so they didn't starve and pass on. In the event that you didn't have great aptitudes with a bow you would not have the option to bring down a deer, and in the event that you depended on that for food you would presumably starve. Likewise when Katniss finds the vocations supplies she shoots the pack of apples so they fall and trigger the mines. By shooting the pack of apples it shows how precise Katniss is with a bow, you additionally need this exactness for chasing and slaughtering in the games, and genui ne to ensure an execute. Alongside chasing abilities one will require physical solidarity to conquer the chances in a hazardous wild circumstance. Katniss: Ã¢â¬Å"IÃ¢â¬â¢m quick however, and when theyÃ¢â¬â¢ve arrived at the base of my trunk IÃ¢â¬â¢m twenty feet upÃ¢â¬ . In the event that you were out in the wild and you needed to climb a tree you would require physical quality like Katniss had. Another case of physical quality, Katniss: Ã¢â¬Å"I can see the muscles swell in CatoÃ¢â¬â¢s arms as he pointedly jolts the young men head to the sideÃ¢â¬ . When Cato murders the kid it shows that you will require physical quality in the event that you at any point needed to take part close by to hand battle. Alongside chasing aptitudes and physical quality you likewise need to have mental quality. Katniss: Ã¢â¬Å"the Tracker Jackers start to buzz and I can hear them coming out, to and fro, to and fro, the branch with the home crashes down through the lower branchesÃ¢â¬ . Some of the time you will simply need to push through things, regardless of whether they hurt and at long last it will pay off, you simply need to need it awful enough. Another case of mental quality is when Katniss is compelled to profess to cherish Peeta.
Friday, August 21, 2020
Measuring Short Run and Long Run Relationship Between Gdp Per Capita and Consumption Per Capita of India free essay sample
By Rizwan Mushtaq Under oversight of Mumtaz Ahmed ABSTRACT This investigation depends on looking at the connection among salary and utilization arrangement of India covering the time of 1980-2009. Information about specific pointers were gotten from the official site of World Bank. In initial step of information examination fitting ARMA model was resolved utilizing correlogram and data rules also, and applied to the utilization information as it were. These models (ARMA and ARIMA models) are developed from the repetitive sound. We utilize the evaluated autocorrelation and halfway autocorrelation elements of the arrangement to assist us with choosing the specific model that we will gauge to assist us with estimating the arrangement. Second step of information examination was included co-coordination and Error Correction model. It was discovered that per capita Gross Domestic Product and last family utilization per capita of India are not cointegrated. It was seen that both the arrangement are coordinated at request two I (2). We will compose a custom exposition test on Estimating Short Run and Long Run Relationship Between Gdp Per Capita and Consumption Per Capita of India or then again any comparable subject explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Be that as it may, second state of co-coordination was not fulfilled, the residuals were not discovered fixed. Consequently it may be conceivable to infer that there is no since a long time ago run connection among utilization and GDP arrangement of India. As we realize that the arrangement are not co-incorporated so we can't have any significant bearing Error amendment model, however for seeing all the more explicitly we additionally applied Error Correction Model. The change co-productive was not up to the standard it was around zero, it propose that there is no compelling reason to make modifications. Watchwords: Gross Domestic Product, Consumption, ARMA, Co-Integration, Error Correction Model 1 AUTOREGRESSIVE MOVING AVERAGE PROCESS 1. Moving Average Process ARMA accept that the time arrangement is fixed varies pretty much consistently around a period invariant mean. Non-fixed arrangement should be differenced at least multiple times to accomplish stationarity. ARMA models are viewed as wrong for sway investigation or for information that joins arbitrary shocksÃ¢â¬ . All the more explicitly an ARMA (pq) process is a mix of AR (p) and MA (q) models. Such a model expresses the present estimations of some arrangement y depends linearity on its own past qualities in addition to a blend of present and past estimations of a background noise term. The model could be composed as: Keeping the impact of (Yt-1, Yt-2, Yt-3, Yt-4) fixed. ACF and PACF designs for conceivable ARMA (p,q) models are as per the following: AR(Process) MA(Process) ACF PACF ACF PACF Geometrically Number of non-zero It is noteworthy at and It decays decreases focuses = request of AR up to request of MA geometrically process, it takes non-process zero an incentive up to request of AR ARMA (p,q) Process ACF Declines geometrically PACF Declines geometrically This strategy utilized once in a while and have certain imperfections and issues. In the event that both ACF and PACF decreases geometrically we got ARMA methods, simply observe the diagrams and choose. BOX-JENKINS APPROACH They give a system to fit an ARMA model to some random information arrangement. It advises how to accommodate your ARMA model, there approach includes three stages: I. ii. iii. ID Estimation Diagnostic Step 1: Identification Determining the request for ARMA model. This is finished by plotting both ACF and PACF addition al time. It mentions to us what request should we keep. Stage 2: Estimation In this progression we gauge the parameters of the model indicated in Step I, utilizing OLS and Maximum Likelihood technique, contingent upon the model. Stage 3: Diagnostic In this progression model checking happens. Box and Jenkins recommended two sorts of diagnostics 1) Over fitting (purposely fitting a bigger model than that is required) 2) Residuals indicative (Checking residuals for freedom utilizing Ljung-box test). Downsides in Box and Jenkins Approach Most of the time plot of ACF and PACF don't give an unmistakable picture. They don't coordinate with choosing models; neither has MA nor AR process. So where we have muddled genuine information we can't realize which model is to utilize, and understanding is difficult for this situation. 7 Solution to This Problem Solution to this issue is to utilize the data models. A few standards are accessible in writing yet the most significant models are examined here. 1) AkaikeÃ¢â¬â¢s Information Criteria AIC 2) SchwarzÃ¢â¬â¢s Bayesian Criteria SBIC 3) Hannan-Quinn Criteria AIC = ln(? ^2) + 2k/T SBIC = ln(? ^2) + k/T * lnT HQIC = ln(? ^2) + 2k/T * ln(lnT)) Where ? ^2 = RSS/T-K T= No. of perceptions, K=No. of regressors HQIC When plots are hard to decipher and choose. We use data rules; SBIC is viewed as the best one. The base estimation of SBIC is worthy. CO-INTEGRATION 1. Mix To comprehend co-reconciliation, it is fundamental to examine mix first. An arrangement is supposed to be cointegrated of request (1), on the off chance that it gets fixed in the wake of taking the principal distinction. The first arrangement will called coordinated at I (1) on the off chance that it accomplishes staionarity at second contrast the arrangement will called incorporated at request two which can be composed as I (2). Furthermore, if the arrangement become fixed at request (p) time the first arrangement will be I (p). 8 2. Co-Integration After brief clarification of joining, presently it is substantial to decipher co-coordination. In the event that two factors that are I (1) are linearity consolidated, at that point the blend will likewise be I (1). Two and more arrangement (Xt, Yt) are supposed to be co-coordinated on the off chance that, I. I. They have same request of joining The residuals acquired from relapsing Y on X are fixed. These two conditions must be satisfied in any case arrangement won't considered as co-coordinated. Engle and Gr anger, Procedure of Co-Integration Engle and Granger, proposed a Procedure for Co-Integration in (1987). X ? I (1): X is incorporated of request (1) Y ? I (1): Y is incorporated of request (1) Series X and Y are supposed to be co-coordinated at request One I (1). They are really non-fixed at level and become fixed from the outset contrast. The mix of arrangement X and Y will likewise be coordinated at request one, it tends to be communicated as: Z = ? X + ? 2Y Z ? I (0) This procedure includes four stages: 9 Step I: Test the factors (x, y) for their request for joining utilizing ADF. an) If both (x, y) are incorporated of request (0) I. e. both are fixed at level than there is no compelling reason to test X, Y ? I (0). b) If the two factors (X Y) are coordinated of various request, than their will be no cointegration. c) If the two factors (X Y) are incorporated of same request, than continues to step II. Step II: Estimate since quite a while ago run (conceivable co-joining) conditi on if, X Y ? I (1). Here one thing ought to be noticed that 95% of the financial arrangement become fixed at request (1). In the event that X Y ? I (0). Than gauge the accompanying condition and get residuals Yt = ? 1+ ? 2 Xt + ? t Step III: Check the request for coordination of residuals I. e. residuals are tried for fixed utilizing ADF. It is significant here to take note of that stationarity of residuals is tried by evaluating the model without block and without time pattern. Thus, gauge the accompanying model. ? ? 10 Note: gauge this model and test the invalid theory, additionally note that we need to utilize diverse basic qualities which are more negative than the standard Dickey-Fuller basic qualities, utilize basic qualities proposed by Engle and Granger. Step IV: In sync 4 we gauge Error Correction Model (ECM). It gives us both short run and since quite a while ago run effects of X on Y, and furthermore gives the alteration co-productive. Which is the co-productive of slacked estimations of mistake term I. e. et-1. Mistake CORRECTION MODEL Error Correction Model (ECM) basically rectifies the blunder. Here one thing is essential to talk about that if factors X Y are co-incorporated than the residuals (et) got from relapse of Y on X will be fixed. It may be communicated along these lines: et ? I(0) So, we can communicate the connection among X and Y as an Error Correction Model as: ?Yt = b1 + ? Xt + ? t-1+ VtÃ¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦ (10) Where, b1 = is short run effect of x on y. Vt = is the blunder term. Furthermore, ? is the co-effective of et. It is additionally called alteration co-productive, criticisms and change impact. On the off chance that ? = 1 than 10 0% of modification occurring. On the off chance that ? = 0. 5 than half of change assuming 11 position, and If ? ? 0 than there is no compelling reason to make changes. Fundamentally Error Correction Model gives us both short run and since quite a while ago run effects of X on Y. Exact ANALYSIS ARMA 1-Identification Figure: 1 Correlogram Consumption Step I: As we realize that the initial step of ARMA is ID, it is done through correlogram. Figure: 1 Correlogram utilization signifies the ordinary procedures from the ARMA family with their supposed attributes autocorrelation and fractional autocorrelation. These portrayed capacity of autocorrelation are not get from applicable equation, rather are evaluated utilizing basic reenacted perceptions with unsettling influence drawn from an ordinary dispersion. Figure: 1 explains that the autocorrelation and incomplete autocorrelation capacities are critical at slack 1, while the autocorrelation work decays geometrically, and is huge until slack 3. Plot of the 12 onsumption arrangement (see index figure 1) likewise shows expanding pattern which speaks to that the arrangement is coordinated, and we have to continue with taking logarithms and first contrasts of the arrangement. Step II: We presently in sync two as a result of above conduct of utilization arrangement which we see through correlogram. Here we take the log of utilization arrangement and afterward first contrast of s aid arrangement. The following are the orders that are utilized to do as such: genr lcons=log(cons)Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦.. (I) genr dlcons=lcons-lcons(- 1)Ã¢â¬
Tuesday, August 11, 2020
Minimalist Family 12 Useful Links Earlier this week we published an essay called Start With Yourself, which addressed the following question: I want to embrace a minimalist lifestyle, but my husband/wife/children/partner/friends/family isnt/arent on board. What should I do? As promised, here are twelve additional links to help you further. These links are to two of our favorite minimalists, Leo Babauta and Joshua Becker, both of whom have families who approach minimalism in different ways: Win over Non-Minimalists How to Become Minimalist with Children How to Find Peace Living with a Packrat How to Become Whole in a Relationship A Guide to Creating a Minimalist Home 5 Simple Ways to Reboot Your Family 15 Clutter-Busting Routines for Any Family No Excuses: Minimalism with Kids Minimalist Fun How to Let Go and Forgive The Six Greatest Gifts You Can Give Your Loved Ones 15 Ways to Become as Patient as Job Bonus link: Quick Guide to Coming out as a Minimalist (Miss Minimalist) If you find value in The Minimalists, consider donating a dollar.
Saturday, June 20, 2020
Table of Contents Executive Summary Pg. 1 IntroductionPg. 2 RationalePg. 3 ObjectivesPg. 4 BackgroundPg. 5 MethodologyPg. 6 Presentation of DataPg. 7-9 Findings and DiscussionPg. 10-11 RecommendationPg. 12 ConclusionPg.13 ReferencesPg. 14 AppendicesPg. 15 Executive Summary After assessing the situation we realized that Investment in technology and training of both management and staff could see sales figures double. There seems to be an impending problem where IT and communication is concerned, and that has led to the company not maximizing profits. The mindset of both management and staff needs to change in order for the company to move forward. There has been a stand-off for some time now because of how things are handled. Better communication on both sides will see an end to this problem. Training could help managers and staff alike understanding how important communication is to the survival of the business, and the implementation of information technology will definitely aid in this feat. Currently the knowledge is present among persons within the company and staff members are willing to make a meaningful contribution, but what is needed is a means of facilitating all of this and ensuring the continuation. It will be imperative to put training into motion right away to ensure that within three months the company will be performing at the ultimate or at least very close to it. The location of the company is very strategic and furnished with all the necessary equipment to aid in the continued success of the business. It has the capacity of supplying the other locations that you have in mind without risking a shortage in supply for the current market. There seem to be very talented managers and staff alike that can contribute to the growth of the company. As soon as all the recommended steps are taken the company will definitely have a brighter future. Introduction Tahgit Jamaica LLC has been a well-established business consultant firm since the mid-90s. We specialize in analyzing estab lished and start-up businesses, facilitating businesses to establish and develop resourceful strategies in a bid to meeting and exceeding their goals, assessing and crafting solutions to problems. The motto of the firm is Ã ¢Ã¢â ¬Ã âEquipping our clients with the requisite knowledge to make informed decisionsÃ ¢Ã¢â ¬Ã , and as such persons of stature in the line of business analysis were pursued, hired and placed in senior positions to help clients and ultimately the firm realize the promise. We maintain annual trainings and keep abreast of whatÃ ¢Ã¢â ¬Ã¢â ¢s happening in our line of business in order to optimize the service provided. A J Windows and More, a company specializing in Aluminum windows and doors, saw an opportunity to invest in GregoryÃ ¢Ã¢â ¬Ã¢â ¢s Chemical and grasped the opportunity with both hands because of the known business potential. Strategically located in the outskirts of numerous inner city communities, the chemical company was a pote ntial gold mine if properly managed and harvested. GregoryÃ ¢Ã¢â ¬Ã¢â ¢s was equipped with the resources to manufacture their own chemicals and that made them one step ahead of the rest. They not only depended on their niche market but also had sales representative going out on the road marketing the products. Apart from providing the surrounding communities with services, they also offered numerous job opportunities as they employed in excess of 50 employees and ensured that persons from surrounding areas were included in that pool. Rationale According to Sam Ashe-Edmunds Ã ¢Ã¢â ¬Ã âResearch on aspects related to your business, such as your target customers, marketplace trends, production processes, and financial practices, can help you predict trends, project sales, spot opportunities, and avoid potential problems. Understanding the nature of different types of business research will help you use data to maximize your sales and profitsÃ ¢Ã¢â ¬Ã . After asse ssing the business (GregoryÃ ¢Ã¢â ¬Ã¢â ¢s Chemical), A J realized the potential, but they also identified that there was a need for professional analysis of the business as there seem to be a breakdown in the use of information, communication, and knowledge throughout the business. There was little or no Information technology utilized and they wanted an assessment of how that could be changed and the possible impact it would have on the profitability of the business. There was unrest among the partners of A J because of the impending problems; they therefore contracted Tahgit to ensure that they are prepared to meet the needs and challenges of the business and that they respond to potential complains/problems in a timely manner. Objectives Tahgit will be assessing how communication, knowledge and ultimately information are integrated and utilized in the business in a bid to realizing full potential. We will also examine how much emphasis is placed on Information technology in the day to day running of the business and the impact, if any. Assess the use of Internal and external information and the understanding of both Recommend improvements where necessary and justify same Background A J Windows and more has long been a company which concentrates on giving customers ultimate satisfaction. For years they have led the western end of the Island in the aluminum window trade and now they are about to embark in the chemical business which they intend to revolutionize. With four locations and employing in excess of 200 workers, for years they have been delivering exceptional services to clients in over five parishes. Their hope is that they can use their expertise and already established locations to increase the sales of their newly acquired business. Methodology After assessing the concerns made by the acquiring company and having decided on the main objectives of this study, we identified the information source which are the outgoing owners, the managers and of course the staff. The most suitable methods for collecting the necessary information were determined to be interview questions, observation and the general study of the market. We develo ped two interview sheets, one for the owners and managers and the other for the staff. We figured our research would only be successful if we directed the relevant questions to the right persons. It was also thought to be the most effective of method since you would be hearing from the persons from both sides of the business. Six interview questions were geared at management while five were asked of staff members; we targeted ten persons in total five managers and five staff. We selected randomly across the sphere of the organization, the questions were geared at helping us achieving the main objective of our study. We also went in and observed how things were being done in the workplace in a bid to not only make our own observations but to also match it against what we would get back on the interview sheets. We observed the market place on a whole and had conversations with players in the business to find out what was happening. It was important to take this route as you didn Ã ¢Ã¢â ¬Ã¢â ¢t know if any of the interviewed would refuse to be truthful in their answers. Presentation of Data Bar graph showing average sales figures on a daily basis Based on questions asked and data gathered I was able to put together this bar graph showing the sales trend for a particular week. Pie Chart showing the percentage of sales representative feedback Based on the survey done 90% of the sales representatives did not provide a feedback of whatÃ ¢Ã¢â ¬Ã¢â ¢s happening on the road or in the market. Bar graph showing the distribution of hours over a selected quarter I selected a particular quarter to see how much emphasis was placed on communication, knowledge and information. Findings and Discussion According to the book business communications Ã ¢Ã¢â ¬Ã âWork requires communication. People communicate to plan products and services; hire, train, and motivate workers; coordinate manufacturing and delivery; persuade cust omers to buy; and bill them for the sale. For many business, nonprofit, community, and government organizations, the Ã ¢Ã¢â ¬Ã âproductÃ ¢Ã¢â ¬Ã is information or a service rather than something tangible. Information and services are created and delivered by communication. In every organization, communication is the way people get their points across, get work done, and get recognize for their contributionsÃ ¢Ã¢â ¬Ã . My purpose is to determine if communication was utilized in a bid to serve the intended purpose. Through communication comes information and through information comes knowledge. How much information was communicated upward, downward or even horizontally? Was the power of communication under estimated? I wanted to determine what needs to be done to ensure that communication was optimized and how information technology could aid in this feat. I encountered some problems while gathering the data for my research, there was lack of co-operation from manag ers and staff alike. Some resented the fact that there was a take-over, which could possibly meant that their future was uncertain while others were afraid to comment, fearing that it would lead to their dismissal. Based on investigations through interview questions and observation I discovered that the greatest problem at GregoryÃ ¢Ã¢â ¬Ã¢â ¢s chemical is a lack of or too little communication. My research result proved that management was not fully utilizing communication to equip their staff with the knowledge and information needed to ensure the continued success/improvement of the business. The main emphasis was getting the ultimate out of their staff without providing them with the tools to get this done (knowledge). Little or no emphasis was placed on training or retraining, and staff relation was certainly at the bottom of their list. One on one meetings were not facilitated and staff interpreted this as not being valued, hence their reluctance to make meaningful sugg estions to the company. I found out that sales representatives could have presented data about competitors or the industry in general that could possibly influence the way the company does business. For instance the use of mobile credit card machines were used by other companies and that contributed to the overall sales figures as some clients were moving away from the use of cash. The observation was made but not necessarily reported or acted upon. GregoryÃ ¢Ã¢â ¬Ã¢â ¢s chemicals old fashion way of doing business was certainly having a major impact on the business. They did not invest in information technology or even attempt to educate their staff to utilize IT in the running of the business. The business had outgrown the manual way of doing business and they failed to recognize this. The rapid expansion of the business and the increase in staff meant that they needed to invest in IT to stay competitive and be more efficient. Take for instance the bar graph showing the sal es figures for a week, they had no tools in place to present the data in this manner. This data could have influenced the way things were done and possibly increase sales on the days they seem lowest by implementing different measures. Those days could have also been better utilized by planning staff related activities or other in-house activities. Recommendation The first thing that needs to be done is an investment in information technology. The company has been left behind where that is concerned and has suffered dearly. The use of information technology could ensure the dissemination of information to persons who would have otherwise missed it. For instance because sales representatives are always on the road they sometimes miss vital information needed to carry out their task but if they had email addresses it could be sent to them and they could access it when they get a chance. Another instance of where IT could be utilized is in the case where mobile devices are being utilized to facilitate non-cash customers. Based on my research and expertise in the field, 50% of a companyÃ ¢Ã¢â ¬Ã¢â ¢s sales are paid for by credit cards. This means that with proper marketing and equipping your company and by extension your staff with the requisite tools, on days when sales are $1,200,000 it could actually be $2,400,000. The next step would be the retraining of the staff and management. I would recommend that everyone is introduced to a communication course as this would help them understand the relationship between communication, information and knowledge. Management needed to understand that by improving communication they would get the staff more involved in the business which in-turn could lead to improved production or sales. On the other hand employees needed to understand how important they are to the success of the business and needed to be implored to provide feedback to both peers and managers alike. Conclusion I discovered that communic ation between owners and management was not really the issue as they frequently came together to discuss tactical issues to move the company forward. The draw back with this was that relevant information was hard to gather in helping them reach the right decisions as they were not investing in information technology or the staff. Same went for the operational decision, the lack of the proper tool and communication techniques made it almost impossible to effectively implement plans successfully. With the investment in information technology and training as recommended, the company could move forward. Until the company is equipped with all the proper tools to make the right decisions and improve production they will remain stagnant and possibly be driven out of business by their competitors. References Ashe-Edmunds, Sam 2014, Small Business, Demand Media Kyo Kaczmarek, Stephen, O. Locker, Kitty 2007, Business Communication, Building Critical Skills Appendices Interview questions to owners and managers How much do you invest in technology How often do you have meetings Do you have refresher courses and if so how often Do you encourage your sales representatives to keep you abreast of whatÃ ¢Ã¢â ¬Ã¢â ¢s happening in the industry Are your business decisions influenced by information gathered internally and externally What are the means of communication within the company Interview questions for staff Do you think youÃ ¢Ã¢â ¬Ã¢â ¢re equipped with the knowledge to make the right decisions Do you relate whatÃ ¢Ã¢â ¬Ã¢â ¢s happening in the industry to your managers Do you feel valued by the company Are you kept abreast of whatÃ ¢Ã¢â ¬Ã¢â ¢s happening in the company How do you think the company could utilize technology to make a positive impact