Publicly traded corporation Assignment Example | Topics and Well Written Essays - 2000 words

Publicly traded corporation - Assignment Example By doing so, when customers go for shopping, they get quality products and quality assistance from the attendants thereby making the customers feel delighted and satisfied (Karen, 2001). With this vision, Woolworth ensures that the customers make repeat sales. The organizations vision is â€Å"to continue to drive its retail business, bring to customers greater convenience, quality, lower prices and better value, range, freshness and service.† The whole reason for an organization to have a vision is to remain relevant in the industry and to ensure its sustainability in the future. With this vision, Woolworth has embarked on industry and market research in order to ensure its survival in the industry. Its survival depends on the growth of the company, the growth of its employees, satisfaction of its customer base, quality and durable products, affordable and competitive prices, innovation, creativity and better customer service. (Comyns, 2000). The stakeholders also have an imp act on the success of any organization. Stakeholders are people who have interests in an organization. Stake holders in an organization include investors, shareholders, staff suppliers, customers, governing bodies and suppliers, business partners, trade associations and the community that surrounds the organization. All these stakeholders have to be satisfied by the company, thus Woolworth as an organization with stakeholders has to work hard towards the satisfaction of its stakeholders, and when they are satisfied, it means that the business is successful. Stakeholders play an important role in the success of the company, thus Woolworth aims at appreciating the importance of the stakeholders in the organization. Apart from this, the organization involves the stakeholders in the development, implementation and managing of business goals and objectives. Woolworth also informs the stake holders of culture associated with the company. Furthermore, Woolworth ensures a good relationship with the stake holders to avoid any disruption of the business. When a section of the stakeholders demand a resource, the company plans for the particular resource, ensures the particular stake holder is satisfied and that the business continues with its smooth operation. Woolworth also ensures flow of communication between the company and the stakeholders at all times when something happens. Lastly, Woolworth arranges for community development projects, medical camps and educational sessions for the stakeholders (Anderson, 2005). All these are done to satisfy the stakeholders as they are important to the success of the company. Five forces of competition to determine how they impact the company Rivalry in the industry Woolworth faces competition from four major competitors namely Sears, Wal-Mart, Kmart and Kholac Corporation. These are the main players in the industry each with a large customer base. Since these five companies are the main players, the industry has been slow in gro wth because the market has been dominated by these retail giants. Woolworth has to compete with these other equally successful organizations. It therefore has to up its game in terms of employee satisfaction and motivation, customer delight and satisfaction and innovation (Institution, 2011). Woolworth has to ensure that the products it holds in its shelves

Information Systems Coursework Example | Topics and Well Written Essays - 1250 words

Information Systems - Coursework Example 3. Firstly the patient submits a request for X-ray application which is denoted by the data flow â€Å"Submits X-Ray request form† to the process â€Å"Make X-Ray appointment† and subsequently makes an appointment denoted by â€Å"Makes an appointment†. The primary reasons for having an information system is to understand in detail the various cost drivers which make sure that a certain amount of money is drained in the process and an organization is benefited in the long run. For example, QuickShop Inc enveloped information system in the form of an ERP product which failed because of the lack of enough management belief in the system, lack of turnover ratio, not taking care of the system requirements and functions. The information system processes are the ones which are mentioned in the SRS document which needs to be adhered by the software vendor. Often the customer is not clear or confused about the ideas and the requirements. Total failure relates to either the concept has never been implemented or after implementation the system was abandoned. The concept building phase would have taken so much time that the very idea was quite complex at the end. The feasibility factors were studied in so detail that there was always some probability of not proceeding with the further implementation stages. The other case which was highlighted is that just after the system is implemented it was found to be not satisfying the business requirements or it did not envelope the business workflow and had to be abandoned so that the business does not suffer losses if it cannot make profit. The partial failure of the system can be attributed for either the system does not fulfill the system requirements or there are significant undesirable outcomes. If a particular set of requirements are not fulfilled or if a department is not aligned in sharing information then it may result in failure of the system. Other types