A Study On Finance And Commerce - 927 Words

Your edited/ enhanced document (with track changes) Because of my eager and fascination for accounting, finance and commerce, I have directed my studies towards developing a career in this field. I believe my career goals, my current skill set and the MPhil program curriculum, are very closely aligned. I majored in Accounting and minored in Finance as an undergraduate at Nanjing University, and I would now like to focus on real estate finance. My academic interests, which focus specifically on financial theory and quantitative techniques, arise from my undergraduate studies. I am specifically interested in conducting research on securities pricing in financial markets and using mathematics to conduct mean-variance analysis generating optimal investment outcomes. My academic interests also encompass bonds and how the bond markets operate. I’m also interested in the application of mathematics and economics to finance, through optimization techniques in portfolio management. My curiosity drives me to continually consider possible avenues of research like Capital Asset Pricing Model, that strikes me as unsatisfactory and too theoretical for investors because of the assumptions on which it is based. Therefore, I have considered establishing a more realistic model to evaluate the relationship between risk and equilibrium return on assets. In addition to my academic interests, I have also developed a collaboratively effective work style. During my internship as an auditor at BDOShow MoreRelatedFunctions Of The Texas Senate756 Words   |  4 Pagesalso established to study specific issues. Few of the standing committees of Texas House of Representatives are Agriculture and Livestock, Economic and Small Business Development, Insurance, Pensions and Urban Affairs. In comparison, the Texas Senate’s standing committees are Administration, Business and Commerce, Higher Education and Transportation to name a few. 1 The three Texas Senate committees that I would serve on if I get elected are Business and Commerce committee, Finance committee, and EducationRead MoreScript on Annual Day Function1580 Words   |  7 PagesDevelopment. Commerce: Paper III- International Business Relations. Quantitative Techniques : Paper III-Mathematical Methods. Banking Finance : Paper III- Introduction to Banking in India. 11:00 a.m to 02:00 p.m. Financial Accounting Auditing : Paper-III Financial Accounting. Economics – Paper III. Business Management : Paper III- Management Organisation Development. Commerce: Paper III- International Business Relations. Quantitative Techniques : Paper III-Mathematical Methods. Banking Finance : PaperRead Moreâ€Å"Emerging Trends in Commerce Education to Face the Challenges of Dynamic Business World†1621 Words   |  7 PagesARTICLE â€Å"Emerging trends in Commerce Education to face the challenges of dynamic business world† Jitendra Ahirrao1 and Prakash Ratanlal Rodiya2 1 Asoociate Professor, Department of Commerce,Smt. Dankunwar Mahila Mahavidyalaya, Jalna.E-mail: drahirrao@indiatimes.com 2 (M. Com., M. Phil., UGC NET)H. No. 135, Near Vitthal Mandir, Mahada Colony,Mantha Road, Jalna-431203. E-mail: prakashrodiya@rediffmail.com Abstract: Commerce education is business education. Commerce education is that area of educationRead MoreThe Career Of An Accountant888 Words   |  4 PagesCommerce assignment 2015 due 18th of march Vocation investigation Joseph caccamo Career: accountant Qualifications: there are a number of qualifications you need to undertake the career of an accountant. Core knowledge areas needed are accounting systems and processes, financial accounting, and management accounting these are essential for a career in accounting. Other areas of knowledge are optional so you don’t have to do them but they would help you pursue your career in accounting. Things suchRead MoreA Bachelor of Commerce1243 Words   |  5 PagesIntroduction- field of study (PAGE 1) 2. Purpose and key functions (PAGE 2) 3. Characteristics of employees in this field (PAGE 3) 4. Top Companies in this field (PAGE 4 AND 5) 5. Current trends in the industry (PAGE 6) 6. Career opportunities in this field (PAGE 7) 7. Conclusion (PAGE 8) 8. References (PAGE 9 AND 10) 1. INTRODUCTION- FIELD OF STUDY The field of study being discussed in this assignment is a Bachelor of Commerce (Bcom). A BachelorRead MoreA Study On Email And Digital Marketing Strategy Essay1434 Words   |  6 PagesAmity college of commerce and finance Non teaching credit course Topic: COMPARITIVE STUDY ON EMAIL AND DIGITAL MARKETING STRATEGY Submitted by : ROBINA KARMAKAR Submitted to : ILA CHATURVEDI DECLARATION I, ROBINA KARMAKAR student of b.com (hons) from Amity college of commerce and finance, Amity University, Uttar Pradesh hereby declare the i have completed internship project on COMPARITIVE STUDY ON EMAIL AND DIGITAL MARKETING STRATEGY as the part of the course requirementRead MorePersonal Statement : The Financial Manager855 Words   |  4 Pagesthat the people who understand the monetary and banking system are capable of understanding the decisions made by governments and the future of society. I want to be one of those people, and that strengthen my determination to pursue accountancy and finance in the future. I find it a blessing to be able to live in a diversified community like Malaysia, and being able to work together as a whole. Interaction with people from different cultural background and getting to know another culture first-handRead MoreStatement of Purpose959 Words   |  4 Pageswell-rounded personality was equally important. I took my S.S.C degree from the same school with a first class after which I pursued my H.S.C from The Bombay Suburban Grain Dealer’s Junior College Of Commerce, Arts Science and now I am pursuing my Graduation (B.B.A) from The Indira College of Commerce and Science (affiliated to Pune University) in pursuit of a college degree. Outstanding academic performance in my school and college, active participation in academic as well as extra-curricularRead MoreWikimart: Building a Russian Version of Amazon1374 Words   |  6 Pagessystems (internal development). Invented their own analytics system (Zykov Counter) as well as their own warehouse system and Rocket. Source: Russian Search Marketing (2014) http://russiansearchmarketing.com/yandex-ecommerceonline-aggregator-case-study-wikimart/. 3. Networking Wikimart was able to attract more retailers to collaborate with them in short time horizon. Started off by 500 stores on Wikimart in 2009 and grew to 2000 stores in 2010; 2200 stores in 2011; and 6000 stores up to date.Read MoreThe Cloud Of Cloud Computing1673 Words   |  7 Pagesfar reaching intricacies. Therefore, to narrow the subject, the definition of cloud computing as defined by the National Institute of Standards and Technology (NIST) (NIST Special Publication 800-145, 2011) will be used as the foundation for this study. The NIST adopted the (Mell Grance, 2010) cloud computing definition in 2011. (Mell Grance, (2010)) defined cloud computing as a model for enabling convenient, on-demand network access to a shared pool of configurable computing resources that

Effects Of Bullying Essay - 1152 Words

Effects of Bullying Bullying is a serious issue in today’s society. It can affect the well-being of the offender, bystander, and target. It can happen almost anywhere and anytime in privacy, in schools, at places of employment, and even in neighborhoods. Bullying can be classified as being physical, emotional, verbal or social which known as cyber bullying. There are various types of bullying experienced in schools among the students like: teasing, taunting, threatening, hitting, spitting, and embarrassing others in public. All these actions may assault one’s dignity. Bullying is a serious problem in schools today. Most students become bullies due to stress from home life or low academic performance. Bullying also is due to lack†¦show more content†¦Once a person has been bullied, they may be reluctant to participate in activities where he or she might be ridiculed, such as in sports, on the playground, in classroom activities or public speaking. Aside from its long-term effects, some outcomes of bullying can be seen and felt immediately. When one student calls another student names, the victim might cry and a bruise might appear after a physical punch to the arm. However, some effects of bullying are not always obvious immediately. The results of bullying might appear over time causing damaging effects for a longer period of time or for a lifetime. (stopbullying.gov) Bullying has some clear-cut causes and effects on individuals by the accuser. There are many reasons why victims are being targeted. The first cause is the revenge or authority for themselves through bullying. The accuser might have had a difficult lifestyle at home with parents fighting and arguing which lead to abuse or divorce. They might just be jealousy or frustrated toward the victim. Perhaps having inadequate understanding and lack of empathy towards the individual or the urge for attention. Undoubtedly, the use of physical violence on their victim to maintain control of their victim is a more serious and has a longer lasting outcomes of emotional disorder. Finally, in most cases, individuals bully others to gainShow MoreRelatedEffects of Bullying Essay4263 Words   |  18 PagesThe Effects of Bullying on Victims A child being bullied is a very stressful ordeal for children.    There are many different forms of bullying, it isn’t all physical violence it is also verbal or social abuse.    Bulling can consist of threatening, persistent teasing, name calling, ignoring, gossiping and spreading vicious rumors.    These occur when a bully completely breaks down a child’s image and personality.    The three main psychological effects of bullying are depression, self-esteem, and suicidalRead MoreThe Effects of Bullying Essay1606 Words   |  7 Pages The dictionary definition of bullying is, â€Å"a person who is habitually cruel or overbearing, especially to smaller or weaker people†(Bullying) . To many, it is more than a definition in a dictionary, it is a lifestyle. Unfortunately, an opposite lifestyle is lived by more than seventy-five percent of students across the country, the life of being bullied. Hundreds and thousands of children dread opening their computer o r going to school because they know what awaits them. Cruel comments, physicalRead MoreEssay on Effects of Bullying 1232 Words   |  5 Pages Bullying is a terrible and dangerous activity that occurs in numerous places, such as schools, workplaces, and even homes. According to a study conducted in 2010, â€Å"about one in seven students in grades kindergarten through 12th grade is either a bully or has been a victim of bullying† (â€Å"Bullying Statistics†). Bullying can be performed by a student, co-worker, or even a parent. There are many classifications of bullying, each with their own causes, such as a lack of parental guidance, low self esteemRead MoreThe Effects of Bullying and Cyber Bullying Essay1925 Words   |  8 PagesThe biggest problem our society faces is bullying. According to Websters dictionary bullying is defined as one habitually cruel to others who are weaker Bullying is the leading driver of low self esteem, suicides, low academic achievement and depression. I believe it is a problem because, there are too many teens that are abused by bullies. In 2010 at least 3 million students repor ted being bully, now think of all the students that are not reporting out of fear. The world would be a lot betterRead MoreBullying: the Effects Essay1852 Words   |  8 Pagestypes of bullying and the effects Introduction For my investigation I will be looking into bullying. Bullying is very common in today’s society. It can take place within schools, colleges, and even the workplace. People get bullied for various reasons. These can be because of their race, skin colour, clothing or even no reason at all. I want to look into this subject in more detail and see the facts and figures and also find out peoples opinions regarding this topic. Bullying is becomingRead MoreEssay on Effects of Child Bullying1066 Words   |  5 PagesEnraged that someone just lost their thirteen year old son because of bullying, and that this would be the fifth suicide in four years that had rocked our small community. Child bullying is not taken seriously enough, it is often brushed off by parents and teachers, as â€Å"kids will be kids†, and some children have been told to just accept it, that it is a part of life. Under no circumstance should a child ever just accept bullying as a part of life! They need to know that this behavior is unacceptableRead MoreThe Effects of Bullying on a Child Essay806 Words   |  4 PagesThe Effects of Bullying on a Child Every day in our schools, children are threatened, teased, taunted, and tormented by bullies. At any given time, about 25 percent of U.S. students are the victims of bullies and about 20 percent are engaged in bullying behavior (Education World, 2000). The National Association of School Psychologists estimates that 160,000 children stay home from school every day because they are afraid of being bullied (Education WorldRead MoreNegative Effects Of Bullying Essay928 Words   |  4 Pages What are the effects of bullying on international students- A literature review Introduction Bullying has been a great problem in every workplace over several years (Bauman, Rigby Hoppa, 2008; Smith Brain, 2000; Olweus, 1994). Researchers have shown interest in this topic consistently (Policy, 2014; Sampson, 2009; Einarsen, Hoel Cooper, 2003). This literature review will cover the various definitions of bullying, bullying and emotional abuse in the workplace and school, various possible outcomesRead MoreNegative Effects Of Bullying Essay1175 Words   |  5 Pages Effects of Bullying In the 2014-2015 school years, 292,400 students reported being bullied out of a total of 763,000 students (Student Reports of Bullying: results From the 2015 School Crime Supplement to the National Crime Victimization Survey, National Center for Education statistics(NCES)). Bullying does not affect only children in school, but can also happen to adults. Bullying has an immense effect on people of all ages. Whether it is an adolescent at school, or an adult in their workplaceRead MorePersonal Effects Of Bullying Essay1739 Words   |  7 Pages Bullying is a set of harmful behaviors that children and adults impose on others to gain a false sense of empowerment. Bullies are often intensely insecure themselves and will do anything in their power to make another human being feel worse than they currently do about themselves. Bullying is a problem within schools, workplaces, and even a family’s home. Bullying can have life long consequences for both the bully and their victim. Man y children are the victims of bullies, and some take such steps

Disadvantages and Advantages of Outsourcing Business Functions

Question: Explain On Disadvantages and Advantages of Outsourcing Business Functions? Answer: Introduction In last two decades, the outsourcing function is recognized as one of the key element of the business operations and also a widely used practice in basically all types of organization except in Non-profit organisations. Earlier, all the companies used to perform their business activities by their internal resources but with the introduction of outsourcing these activities are accomplished by the external resources. Outsourcing is one of the continuously discussed and argued forms of subject matter in literature. There are numerous theorists and investigators who have analysed the key reasons behind the increasing use of outsourcing operations in the organisations. There are various benefits of outsourcing which the organisations try to attain by the implementation of outsourcing functions (Click and Duening, 2004). With these benefits there are number of challenges or disadvantages also which are associated with the outsourcing functions. At the time of gathering data and literature on the subject, there has been found vast literature available on outsourcing and other associated things which are the outcomes of the outsourcing functions. It comprises of the research gaps, similarities, motivators, benefits, risks and decision factors behind the outsourcing operations. The main aim of this study is double-edged. The initial phase of the study is the critical in-depth review of the enormous literature available on the outsourcing functions for analysing those suggestions and discussions which can provide adequate direction to the future managers and the investigators. And the later part of study is the critical analysis of the literature supported by the contents offered. The key aim is to recognize the various disadvantages and the advantages of outsourcing functions for the business organisations. Literature Review on Disadvantages and Advantages of Outsourcing Business Functions As per the views of Oshri, Kotlarsky and Willcocks, 2015, the outsourcing can be explained as an organisational practice by which the individuals or the companies, who manufacture and supply products, give their services to another company for doing the similar tasks which were earlier done by the company internally. For having benefited of saving huge expenses and costs, the companies use the outsourcing business functions. (Source: Burkhart, 2016) With the help of the outsourcing decision matrix, it can be assessed that whether a business organisation must outsource its business operations as well as what is the correct time for outsourcing the business activities. The matrix helps in analysing the two most essential factors before performing outsourcing operations i.e. operational performance and strategic importance (Ball, 2003). In the first quadrant which is of strategic alliance, there has been performed analysis of the strategic importance and operational performance of the outsourcing function. Usually there is high strategic alliance but from the operational point of view, it is not essential that the outsourcing partners deliver the similar kind of efficiency like the in-house resource. Therefore, in this quadrant, the organisation analyse whether the operational performances can also be achieved with the strategic alliance or not (Yang and Huang, 2000). In the second quadrant i.e. retain, there is performed critical analysis and if there is less operational performance in the outsourcing function, the companies retain the business operations in in-house only so that they can achieve improved operational performance. In the third quadrant, i.e. outsource, the organisation realized that there are high benefits attained through outsourcing operations. There is both high strategic alliance as well as operational efficiency; therefore the organisation decides to outsource the business functions. And in the last quadrant i.e. eliminate, it has been realized by the organisation the outsourcing functions are not offering such additional benefits which can make a significant difference in the companys productivity or revenues. Thus, in this phase, the outsourcing partnership is eliminate or comes to an end (Kremic, Icmeli Tukel and Rom, 2006). Significant benefits and advantages of Outsourcing The rapid incorporation of the outsourcing strategy in the organisations is because of the several benefits which can be attained through outsourcing. Fundamentally, the benefits of outsourcing are different for every organisation because of the fact that all the organisations are diverse in nature. The primary reason for outsourcing is to save the higher expenses and costs. But then also saving cost in private sector via outsourcing is not much advantageous than it is in the government and public organisations because of several reasons (Mol, et al., 2004). To describe and discuss all the benefits of outsourcing is not feasible but the main and the common benefits of business outsourcing functions can be discussed. The most common benefits of outsourcing which are accomplished by almost all the organisation comprises of saving of additional and higher costs, use of innovative technology and infrastructure, reduction in the capital expenses, increasing flexibility, capital infusion, quality improvement and high speed. Other benefits of outsourcing comprises of enhanced accountability and superior management, supportive legal compliance, effortless access to the competent workforce and human resource, free from the burden of complex organisational activities, reduced scrutiny pressure and increased number of employees (Power, Sharafali and Bhakoo, 2007). Outsourcing is not limited to the business operations or activities but also can be perform of the labour, services, human resources, technology, etc. Human resource outsourcing is one of the mostly used outpouring strategies in the current scenarios as it allows the companies to get more competent and skilled workforce without any restrictions because of the various geographical barriers. The human resource outsourcing supports the organisation by having possession of more competent and knowledgeable employees which is surely a competitive advantage for the companies (Gospel and Sako, 2010). Other benefits of the outsourcing of human resource comprises of decrease in the dependency over the in-house workforce, increased employee development and efficiency because of lower work pressure and enhanced organisational productivity (Schniederjans, Schniederjans and Schniederjans, 2015). There are number of developing nations as well as under-developed countries where this abundance of lab ours but there is increasing level of unemployment. This becomes advantageous for the foreign companies which are in search for cheap but skilled labour which can perform their operations at a very low cost compare to the domestic individuals. It helps the business organisation in saving huge costs incurred over the employees and human resource (Han, Lee and Seo, 2008).Through outsourcing operations, it becomes flexible to make the work performed through these labours and that too at a lower cost. The continuous and rapid technological integration and growth are also considered as the key benefits of outsourcing. Ackermann, Miede, Buxmann and Steinmetz critically evaluate the challenges as well as advantages of outsourcing and evaluated that the benefits are much more significant in comparing with the issues associated with outsourcing (Ackermann, et al., 2011). The investigators elucidate the technological benefits of outsourcing business functions as via increased technological integration, the business organisations can have access to the pioneering solutions and can also get benefitted from development of improved synergy as the outsourcing partner also possess various technological innovations. The businesses are also able to perform the business activities in a squat time because of the improved and innovative technologies. It is true that an organisation does not possess all the competencies for undertaking all kinds of activities and operations (Heywood, 2001). There a re times, when the internal resources of the organisations are not much competent to complete some of the complex or non-core activities. In such situations, to diversify the operations, the organisations are much depended upon the outsourcing functions. B y taking use of the outsourcing business operations, the organisations achieve several competitive benefits too as outsourcing functions provide access to the competent, skilled and potential workforce who can perform the complex activities in an efficient way (Broedner, Kinkel and Lay, 2009). Risks and challenges associated with Outsourcing business functions There is also in-depth discussion of the several risks and challenges associated with the outsourcing strategy in the literature. Number of researchers have discussed on one of the primary challenges with the outsourcing function i.e. power shifting. In outsourcing functions, there is shifting of power and authorities to the supplier i.e. the outsourcing partner. There are various issues related to suppliers which can cause the organisations a big threat such as poor operational performance, unhealthy relationship, limited use of superior technology and human resource talent and opportunistic behaviour (Weidenbaum, 2005). According to Dinu, the primary risk is of security. The outsourcing partner can easily disclose all the confidential data and info shared by the organisation with the supplier. It is probable that the outsourcing partners for attaining higher profits can surpass the information to the competitors (Dinu, 2015). For most of the business organisations, outsourcing is n ot an evident strategy or tool and so the organisational executives do not have adequate knowledge of the pros and cons of outsourcing and so it becomes a huge risk for the companies undertaking outsourcing operations. It has been critically analysed that usually in the initial phase, the benefits of outsourcing are exaggerated because of the lack of research results of the numerous outsourcing failures. The similar viewpoints is supported by Kremic, Icmeli Tukel and Rom, who proposes that the outsourcing failures are not primarily because of the internal issues rather they are the outcomes of the scarce directing methodology and researches for the business managers (Kremic, Icmeli Tukel and Rom, 2006). The risk of innovation is another outsourcing challenge which the organisations face. Tayauova argues that there is increased risk of innovation because of sharing of information with the outsourcing partners, by the means of technological integration as well as synergy, there is a potential risk that the supplier can take covert use of all these things and can achieve process innovations and in future give competition to the organisation only (Tayauova, 2012). Another challenge of outsourcing is that in many countries like United States etc. The workforce in the governmental and public sector companies are not that much competent to have effective managing and controlling of the outsourcing business operations (Massini and Miozzo, 2012). Several other risks of outsourcing functions are still unrevealed such as incompetent outsource partner, hidden costs, lower flexibility and unrealized savings. Many researchers have also mentioned various other cons of outsourcing functions in thei r studies such as increased competitors, skill erosion, conflict of interest, legal issues, irresponsible behaviour, lower morale of in-house employees, etc. Conclusion There is high significance of critically analysing the literature so that there can be evaluate the similarities, research gaps and research patterns in the outsourcing related studies. Primarily the researches related to outsourcing are usually more of theoretical in nature and have discussions related to the advantages, challenges and risks of outsourcing. There are several literatures which have their consideration on the challenges of outsourcing. The studies evaluates that the lack of adequate knowledge of the supplier and the outsourcing functions results in the occurrence of numerous challenges in the outsourcing business. It has been analysed and concluded the key reason for indulging in the outsourcing operations is cost saving and the organisation such as non-profit which do not have such aims are not much involved in such business associations. There are both benefits as well as disadvantages of outsourcing business functions as discussed in the review. Number of researche rs have argued that there potentiality of the advantages is more in comparison with the risks associated with outsourcing. The outsourcing decision matrix developed by the theorists argues that there is equally importance of operational efficiency just like strategic alliance and of the outsourcing functions does not offer the operational efficiency to the organisation then the business organisation restricts itself from involving in the outsourcing operations. The research gaps analysed are that firstly there is no adequate tool or research results which can evaluate the results of outsourcing functions, secondly, still the organisations do not possess adequate knowledge of the pros and cons of outsourcing which further results in outsourcing failures and third there is less or no involvement of non-profit organisations in the outsourcing functions due to their diverse purposes and objectives. The literature gives adequate knowledge of the advantages and disadvantages of outsourcin g functions but there is shortage of information in regards with outsourcing business decisions. References Ackermann, T., Miede, A., Buxmann, P. and Steinmetz, R., 2011. Taxonomy of technological IT outsourcing risks: Support for risk identification and quantification. Ball, D., 2003. A weighted decision matrix for outsourcing library services.The Bottom Line,16(1), pp.25-30. Broedner, P., Kinkel, S. and Lay, G., 2009. Productivity effects of outsourcing: new evidence on the strategic importance of vertical integration decisions.International Journal of Operations Production Management,29(2), pp.127-150. Burkhart, E., 2016. When to Outsource: Key Ecommerce Considerations. Accessed on: 29th April, 2017. Accessed from: https://chargeback.com/outsource-key-ecommerce-considerations/ Click, R.L. and Duening, T.N., 2004.Business process outsourcing: the competitive advantage. John Wiley Sons. Dinu, A.M., 2015. The risks and benefits of outsourcing.Knowledge Horizons. Economics,7(2), p.103. Gospel, H. and Sako, M., 2010. The unbundling of corporate functions: the evolution of shared services and outsourcing in human resource management.Industrial and Corporate Change,19(5), pp.1367-1396. Han, H.S., Lee, J.N. and Seo, Y.W., 2008. Analyzing the impact of a firm's capability on outsourcing success: A process perspective.Information Management,45(1), pp.31-42. Heywood, J., 2001.Outsourcing dilemma: the search for competitiveness, the. FT Press. Kremic, T., Icmeli Tukel, O. and Rom, W.O., 2006. Outsourcing decision support: a survey of benefits, risks, and decision factors.Supply Chain Management: an international journal,11(6), pp.467-482. Massini, S. and Miozzo, M., 2012. Outsourcing and offshoring of business services: challenges to theory, management and geography of innovation.Regional Studies,46(9), pp.1219-1242. Mol, M.J., Pauwels, P., Matthyssens, P. and Quintens, L., 2004. A technological contingency perspective on the depth and scope of international outsourcing.Journal of International Management,10(2), pp.287-305. Oshri, I., Kotlarsky, J. and Willcocks, L.P., 2015.The Handbook of Global Outsourcing and Offshoring 3rd edition. Springer. Power, D., Sharafali, M. and Bhakoo, V., 2007. Adding value through outsourcing: Contribution of 3PL services to customer performance.Management Research News,30(3), pp.228-235. Schniederjans, M.J., Schniederjans, A.M. and Schniederjans, D.G., 2015.Outsourcing and insourcing in an international context. Routledge. Tayauova, G., 2012. Advantages and disadvantages of outsourcing: analysis of outsourcing practices of Kazakhstan banks.Procedia-Social and Behavioral Sciences,41, pp.188-195. Weidenbaum, M., 2005. Outsourcing: Pros and cons.Business horizons,48(4), pp.311-315. Yang, C. and Huang, J.B., 2000. A decision model for IS outsourcing.International Journal of Information Management,20(3), pp.225-239.

Marketing Objectives free essay sample

In a marketing plan, success Is based on the marketing objectives that serve, support, and further the companys plans. They are the gulled to the Instruments that fulfill the companys objectives. By developing the marketing plan and utilizing the output of your Situation Analysis and SOOT, you can start to establish specific marketing objectives that are SMART: ; Specific ; for example, you might set an objective of getting ten new customers. Measurable whatever your objective is, you need to be able to check whether you have reached it or not when you review your plan. Achievable you must have the resources you need to achieve the objective. The key resources are usually people and money. ; Realistic targets should stretch you, not De-motivate you because they are unreasonable. ; Time-bound you should set a deadline for achieving the objective. For example, you might aim to get ten new customers within the next 12 months. We will write a custom essay sample on Marketing Objectives or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Marketing plan objectives are important to not only the companys marketing strategy, but also the companys short-term and long-term strategies. Objectives must Include scheduled activities, deadlines, and measured progress. They should be grounded in reality, but also challenging to inspire higher performance. Objectives should support the organization mission and in line with the available resources and follow the market opportunities and threats. Objectives need to carefully monitored and their progress and milestones analyzed to show If they are being carried out correctly and If they are successful. They will always need to defined and redefined as the market changes and as the companys strategies change over time. References: Wood. M. B. (2008). The Marketing Plan Handbook. Per Saddle River: Pearson Prentice Hall. Http://www. Objectifications. Com/definition/bob]active. HTML A marketing plan and it objectives are a critical component of any business strategy. The plan helps to define measurable marketing goals and objectives, to identify target audiences, to develop key messages, and to create a timeline and an implementation plan. Marketing objectives will directly reflect and augment the organizations overall business plan and growth goals and should be broad sweeping statements of the businesses overall strategies and objectives.An organization must have objectives to guide its future success. Although objectives cannot guarantee the success of a business, their presence will certainly mean more efficient and financially less wasteful management of operations. Objectives form a specific expression of purpose, thus helping to remove any uncertainty about the companys policy or about the intended purpose of any effort. To be effective, objectives must present startling challenges to managers, Jolting them away from traditional in-a-rut thinking. If properly designed, objectives permit the measurement of progress. Without some form of progress measurement, it may not be possible to know whether adequate resources are being applied or whether these resources are being managed effectively. Finally, objectives facilitate relationships between units, especially in a diversified corporation, where the separate goals of different units may not be consistent with some higher corporate purpose. Despite its overriding importance, defining objectives is far from easy: there is no mechanical or expert instant-answer method. Rather, defining goals as the future becomes the present is a long, time-consuming, and continuous process.