Why e-Business is important to the world economy Essay Example for Free

Why e-Business is important to the world economy Essay While the terms e-business and e-commerce are often used in the same context there is a difference between the two. E-commerce generally refers to financial transactions that take place on the Web, whereas e-business refers to all types of transactions over the Web. The use of the Web, or Internet, is perhaps one of the greatest changes in business practices today. The transforming power of this mode of business extends far beyond the obvious points of convenience for the customer and cost savings for the business. The most powerful implementations of e-business enable a complete restructuring of business models (Ware, 1999). The extensive acceptance and relatively low cost access is making a change in the worlds economy. This paper will attempt to identify some the reasons that e-business is important to the world economy. Many businesses are interested in e-business for the most simple of reasons, which is the increase of profits and, generally, a decrease in costs. Often the decrease in costs is associated with paperwork, employee pay and overhead, and these savings can be passed on to the buyer. An example is Cisco Systems who today sells the majority of its computer networking equipment over the internet. According to Schneider:Because no customer service representatives are involved in making these sales, Cisco operates very efficiently. In 1998, the first year in which its online sales initiative was fully operational, Cisco made 72 percent of its sales on the Web. Cisco estimated that it avoided handling 500,000 calls per month and saved $500 million in that year alone. (2004, pg. 15). In a business-to-business (B2B) transaction, if a buyer can purchase more of a product for a lesser amount, they can sell more as well. Selling more helps to stimulate the economy in any country. In addition, when a company does a good job of advertising on the Web, it allows them to get the message about their product or service out to potential customers around the world. This can lead to an increase in sales and also helps the buyer with purchasing prospects. E-business can also provide a larger selection of products and services for a buyer to select from. The ability of the internet to transfer information has made the world a  somewhat smaller place. The use of e-business allows for communications and transactions to happen extremely quickly. Before the use of the internet, trading among countries could take weeks. Such circumstances lent themselves to fragmented individualized markets with subsidiaries run by family members or close friends (Wright. N/D). Now, businesses can interact with their subsidiaries, business partners, vendors, and buyers in a time and cost efficient manner. Many companies, such as Hewlett-Packard and Dell have taken the opportunity to open offices and plants in other countries as this can greatly reduce production costs. The opening of production facilities has in turn created many jobs for many people in those countries, and this helps to stimulate economic growth. According to Gary Schneider the inherently global nature of electronic commerce leads to many opportunities and a few challenges (2004. pg. 41). While there are obvious concerns about trust, culture, and language legalities, more and more businesses are conducting e-business. E-business has opened the door for many countries to participate in business ventures that they did not have previously, therefore generating a cash flow for that countries economy. This type of business has allowed for some countries to openly sell their best products to the highest bidder and to expand market share. When done on a global scale such as this, every country has the opportunity toshare the wealth, which helps the global economy. References: Schneider, G. (2004). Electronic Commerce: The Second Wave. (5th ed.) Thomson. Course Technology. Ware, B. (1999). Syracuse University research centers. Retrieved January 18, 2008 from http://www.syr.edu/research/ebusiness/benreport.htmlWright, N. S. (n/d). Global economy. Business Encyclopedia. Retrieved January 18, 2008 from http://www.answers.com/topic/world-economy?cat=biz-fin

Contrasting Silkos Yellow Woman and Chopins Story of an Hour :: comparison compare contrast essays

Contrasting Silko's Yellow Woman and Chopin's Story of an Hour On the surface, the protagonists of Silko's "Yellow Woman" and Chopin's "Story of an Hour" seem to have little in common. Yet upon closer inspection, both stories relate tales of women who are repressed by the social tenets that define their roles as wives. From the viewpoint of Western society, the narrator of "Yellow Woman" might be considered immoral for her willing sexual encounter with a stranger. However, the stories related by her grandfather of the Yellow Woman demonstrate within her culture a more accepting attitude of her brief interlude: "Yellow Woman went away with the spirit from the north and lived with him and his relatives. She was gone a long time, but then one day she came back and brought twin boys."(188) Her grandfather certainly liked telling the stories and seems to have admired the Yellow Woman on some level. Other societies do not share the Western idea of moral sexual behavior. The Egyptian ruling class, for example, sometimes married brother to sister, and other cultures have incorporated fertility rites into their belief systems. Even within our own society, marriages to cousins, which are considered wrong today, were not uncommon in past centuries. Given that her attitude regarding sex and marriage might diff er from the Western norm, the central conflict of the story seems to be the narrator's desire for freedom to choose her own destiny versus her more Westernized view of her role as wife and mother, a role that is traditionally subservient to the husband in Western society. There is the sense that she finds her daily life dull, though perhaps not unhappy, and when a chance encounter turned sexual, she again takes on a subservient role to a male. Her inability to make sense of her conflicting feelings causes her to appear weak and lacking in character and portrays her in a negative light. By contrast, Louise Mallard, the protagonist in Chopin's "Story of an Hour", is a moral woman and loving wife, at least by Western standards. Her life is defined by the accepted social ideal of a husband's will as final. She is so inured to this concept that only upon hearing the news of his death does her true feeling of something "too subtle and elusive to name" (199) come forth. What she acknowledges to herself is that her marriage is not happy for her and she often resents her subservient role and "a kind intention or a cruel intention made the act seem no less a crime".

Related Diversification Is a More Successful Strategy Essay

(exploitation of know-how, more efficient use of available resources and capacities). In addition, companies may also explore diversification Just to get a valuable comparison between this strategy and expansion. Types of diversifications Moving away from the core competency is termed as diversification. Diversification involves directions of development which take the organisation away from its present markets and its present products at the same time. Diversification is of two types: (i) Related diversification: Related diversification is development beyond the present roduct and market, but still within the broad confines of the ‘industry (i. e. value chain) in which a company operates. For example, an automobile manufacturer may engage in production of passenger vehicles and light trucks. (ii)Unrelated diversification: Unrelated diversification is where the organisation moves beyond the confines of its current industry. For example ,a food processing firm manufacturing leather footwear as well. The different types of diversification strategies The strategies of diversification can include internal development of new products or arkets, acquisition of a firm, alliance with a complementary company, licensing of new technologies, and distributing or importing a products line manufactured by another firm. Generally, the final strategy involves a combination of these options. This combination is determined in function of available opportunities and consistency with the objectives and the resources of the company. There are three types of diversification: concentric, horizontal and conglomerate: (1) Concentric diversification The company adds new products or services which have technological or commercial ynergies with current products and which will appeal to new customer groups. The objective is therefore to benefit from synergy effects due to the complementarities of activities, and thus to expand the firm’s market by attracting new groups of buyers. Concentric diversification does not lead the company into a completely new world as it operates in familiar territory in one of the two major fields (technology or marketing). Therefore that kind of diversification makes the task easier, although not necessarily successful. (2)Horizontal diversification The company adds new products or services that are technologically or commercially nrelated to current products, but which may appeal to current customers. In a competitive environment, this form of diversification is desirable if the present customers are loyal to the current products and if the new products have a good quality and are well promoted and priced. Moreover, the new products are marketed to the same economic environment as the existing products, which may lead to rigidity and instability. In other words, this strategy tends to increase the firm’s dependence on certain market segments. (3) Conglomerate diversification (or lateral diversification) The company markets new roducts or services that have no technological or commercial synergies with current products, but which may appeal to new groups of customers. The conglomerate diversification has very little relationship with the firm’s current business. Therefore, the main reasons of adopting such a strategy are first to improve the profitability and the flexibility of the company, and second to get a better reception in capital markets as the company gets bigger. Even if this strategy is very risky, it could also, if successful, provide increased growth and profitability. Risks in diversification Diversification is the riskiest of the four strategies presented in the Ansoff matrix and requires the most careful investigation. Going into an unknown market with an unfamiliar product offering means a lack of experience in the new skills and techniques required.

Deaf Studies And Deaf Education - 1736 Words

Many of the cues used by the children or to categorize their reactions were auditory ones. If a parent called the child’s name, the child would often stop and look back to the mother. If the child heard a loud sound, they would look back to the mother for reassurance. Again, we see studies that indicate that the hearing capabilities of the child are valuable at least in examining the child’s responses, if not in creating the stimuli that the child is responding to in the first place. In their work published in the Winter, 2005 Journal of Deaf Studies and Deaf Education, Weisel and Kamara examine the effect of deafness and hard of hearing (D/HH) on Attachment in young adults. They write: In combination with the auditory aspects of all of the previous work examined, this may lead one to believe that there is a potentially severe deficit when a hearing mother has a deaf child. This makes logical sense on the surface, since the norm is to have full capacity to hear. Failure to have a full capacity to hear may cause a failure to have full capacity to develop the skills required to have a secure attachment. But they continue: Lederberg and Mobley (1990), a key resource for Weisel and Kamara, compared the attachment style of hearing-impaired toddlers with hearing mothers against a group of the same age infants without hearing impairments. Their findings indicate that the two groups did perform differently with regards to how they communicated and the competency of thisShow MoreRelatedDeaf : Deaf And Deaf886 Words   |  4 Pages(2010) defines Deaf Studies as â€Å"interdisciplinary approaches to the exploration of Deaf individuals, communities, and cultures as they have evolved within a larger context of power and ideology† (p. 210). In other words, Deaf Studies refer to a specific academic field that studies deaf individuals and their unique communities and culture and may include constructs from anthropology, linguistics, bilingual education, disability, audiology, etc. Within the context of Deaf Studies, deaf individuals areRead MoreChildren With Disabilities Education Act924 Words   |  4 P agesabout deaf education. The Individuals with Disabilities Education Act (IDEA) states, â€Å"all children with disabilities are entitled to a free appropriate public education to meet their unique needs and prepare them for further education, employment, and independent living.† It can be really hard to decide whether or not to send a child to a deaf school or mainstream them into general education. This is why it is important to be aware of the legal, social, and academic aspects on mainstream Deaf educationRead More Teachers Options Essay1716 Words   |  7 PagesTeachers Options There are many options open to teachers of deaf children in a variety of situations. In teaching deaf and hard of hearing children there is such a wide range of children, each with their own abilities. Each child also has a different family situation to take into account. Some children come from deaf families, some they are the only deaf family member, and some have no support from their families because they are deaf. There are also students that have family members that makeRead MoreEnsuring The Success Of Deaf Students1729 Words   |  7 PagesPurpose of Study: Ensuring the Success of Deaf Students in Inclusive Physical Education was written to assist physical educators in understanding deafness. By understanding deafness, a teacher can relate to a student on a deeper level and provide the appropriate form of instruction to the student. This article provided a basic knowledge of deafness, as well as strategies for teachers as to how to manage a gymnasium with all students. Summary of Study: The article Ensuring the Success of Deaf StudentsRead MoreBenjamin James Bahans Pasision for American Sign Language and Deaf Literature806 Words   |  3 PagesBenjamin James Bahan who was born by Deaf parents in New Jersey was very passionate about American Sign Language and Deaf Literature. As a child he attended Marie Katzenbach School for the Deaf in West Trenton, New Jersey as well as Gallaudet University where he is now a professor and chair of American Sign Language and Deaf Studies. Upon returning to Gallaudet University as a professor and chairs person in 1996 he went to The Salk Institute in La Jolla where he researched American Sign LanguageRead MoreEssay on Laurent Clerc769 Words   |  4 PagesPerhaps one of the most notable and widely known members in Deaf society is Laurent Clerc, who was a teacher for the deaf. Born on December 26, 1785 in La Balme-les-Grottes, in southeastern France to hearing parents, it is unknown for sure whether Clerc was born deaf or was deafe ned later on in life. It is believed that Clerc became deaf at the age of one when he had fallen from his high chair into a fire, badly burning his cheek. He developed a fever from the burn, and was later found out to haveRead MoreThe History of Deaf Education Essay1417 Words   |  6 Pagesbefore Thomas Gallaudet founded the first permanent school for the deaf in America, controversy as to the educability and best method of communicating with the deaf have existed. In fact, in the Biblical Times section of the book The Deaf Community in America Socrates, in conversation with Hermogenes is quoted saying, â€Å"Suppose that we have no voice or tongue, and wanted to indicate objects to one another, should we not, like the deaf and dumb, make signs with the hands, head and the rest of the bodyRead MoreThe Quality Of Language Input And Early Onset Effects On Linguistic And Sub Linguistic Mechanisms1398 Words   |  6 Pages The two previous studies exemplify that the quality of lang uage input and early onset has significant effects on linguistic and sub-linguistic mechanisms. It calls into question whether input quality is predictive of later sign language skills in deaf education program settings. In spoken languages, the quality and quantity of language input is predictive of a child’s later linguistic abilities (Cartmill et al., 2013). However, most deaf children entering education have hearing parents, creatingRead MoreDeaf : A Cultural Identity849 Words   |  4 PagesDeaf Population There are approximately 35 million people with a range of hearing loss in the United States (Hamill Stein, 2001). Roughly half a million deaf people don’t consider their deafness as a disability or medical disorder. They view their deafness from a cultural perspective. They consider themselves a pride in being deaf. Deaf culture has its own social norms, views, values and historical figures and more on identity formation (Hamill Stein, 2001). With a capital â€Å"D’, this is consideredRead MoreSpeech Language And The Deaf World Essay1746 Words   |  7 PagesLanguage Pathologists and the Deaf World have had a less than amicable relationship. Audism—the belief that hearing makes an individual superior—has been prevalent throughout the entire history of the Speech Language and Hearing Sciences field. As an individual who hopes to pursue a career as an SLP in the future in order to help those with communication disorders, I experience a lot of cognitive dissonance about my ties with the Deaf Community. While I do not think Deaf people who primarily use ASL