The first red flag would be that they are competing with huge computer companies that can have anything a customer needs readily available to ship. While Keystone seems to be doing a great job keeping up with the demand of certain products, they are forced to charge the customers more money for those products. While this has not currently affected them, it could in the future and could eventually be a problem for them. Another thing is that although business is booming right now, computers businesses do very well when the economic conditions are good. There are reports that say the economy will grow over the next few years (2010), but there is a possibility that they could be wrong and that won’t happen.
Advantages: An increase on the job market because positions have to be created for enforcers of this act. Another advantage of this act is the security and accountability. Disadvantages: the disadvantages of the SOX would be that it is costly and time-consuming. The SOX also has opportunity for error if not done correctly. The way the SOX impacts the event industry is how industry professionals keep up with documentation of deals and agreements.it also affected us financially because of budgets cuts, correlating with the act.
Technology Risk Presentation Tammy Radcliffe XACC/210 • Limitations of Technology for E-Business System Technology is crucial in the daily operations of any business. Production of services is related to the technology used and it encourages an increase in productivity. Upgrades in technology gives an organization advantage to the competition. This could be cost effective to the organization compared to hiring new employees and paying high salaries in the long run. Technology has had several downfalls as well.
More debt will be created at first and possibly in the future depending on how good the new company takes off. Also, the working capital needs to decrease in the first organization that was opened in order for things to work out. If Hoffman decides to merge with another organization can set a company back with projects, revenue, and staffing. Having a new company can bring in new customers, but can also lose customers if they are unaware that a company has merged or if they do not like the company that they had merged with. Other things to think about are the companies’ lines of credit and financial lending.
COMPANIES SAY HAVING A DIVERSE WORK FORCE IS GOOD -- NOT JUST RESPONSIBLE -- BUSINESS DIVERSITY ROCKS; [FOUR STAR Edition] GREG SCHNEIDER AND DINA ELBOGHDADY, THE WASHINGTON POST. Pittsburgh Post - Gazette. Pittsburgh, Pa.: Aug 3, 2003. pg. J.1 Abstract (Summary) "Because our population is diverse, and because of the increasingly global reach of American business, the skills and training needed to succeed in business today demand exposure to widely diverse people, cultures, ideas and viewpoints," the companies -- which included Microsoft, 3M Co., Eastman Kodak Co., Lockheed Martin Corp. and Pfizer Inc. -- wrote in the court brief. "Employees at every level of an organization must be able to work effectively with people who are different
Lara Ramey Southern New Hampshire University OL 442 – Professor David Miller April 25, 2015 Final Paper: Data Security With technology taking over businesses and costs rising higher by the year, having a solid data security policy in place is an extremely beneficial and important part of protecting an organization. Sinrod (2010) discusses how financially damaging data breaches can be for an organization, with an average cost of $6.75 million per incident in 2009. Breaches can be expressed both in and out of the organization, with especially staggering statistics on employee theft. Dwyer (2014) states, “39 percent of data theft from businesses comes from company insiders. Even more troublesome, 59 percent of ex-employees admit they
A more polite title for outsourcing has been called “transformational outsourcing” (Moyers). Large businesses are aware that the outcome of offshoring is “harsh and deep” and “without doubt, big layoffs often accompany big outsourcing deals” (Bloomberg). Transformational outsourcing takes the interest of corporate growth and begins “making better use of skilled U.S. staff and even jobs creation in the US, not just cheap wages abroad” (Bloomberg). These jobs created in the U.S., by outsourcing, cannot possibly equal or surpass the number of jobs lost or the number of families’ impacted by the amount of individuals the inevitable layoffs will ultimately touch. The business and foreign countries are the only benefactors in offshoring, our unemployment rate and economic status provide the obvious
Low customer satisfaction is another internal weakness that is crucial to the success of CanGo. Another internal weakness includes severe communication issues within CanGo’s management and employees. External threats such as competition, plays a big role in the future success of CanGo. Your organizations internal organizational strengths such as online growth, and cost advantage offers great potential if properly utilized. Another external threat includes economic slowdown.
When it comes to the Western Washington State division, it used job services to recruit people and was unsuccessful with the results. The job service was more expensive method than the media, referral, or kiosk. The better results came from using the referral and kiosk method. The referrals method had more applicants hired and was the most expensive than the others. The kiosk was the other method that had good results but was also expensive when you see the total cost.
An example of this could be social security benefits. These motivations help the company recruit top level employees and increase their overall productivity. But this can be a trade-off as these benefits and rewards can be costly. Takeaway 2 - Corporate Culture, Human Resources, and Ethics Zappos is a great example of a company that has created a lively atmosphere for their workers through their casual working environment. But another takeaway is that this type of culture is not compatible with many companies.