Hipaa Bill was Created to Protect Privacy - 1844 Words

US Congress created the Hipaa bill in 1996 because of public concern of how their private information was being used. It is the Health Insurance Portability and Accountability Act, which Congress created to protect confidentiality, privacy and security of patient information. It was also for health care documents to be passed electronically. Hipaa is a privacy rule, which gives patients control over their health information. Patients have to give permission any healthcare provider can disclose any information placed in the individual’s medical records. It helps limit protected health information (PHI) to minimize the chance of inappropriate disclosure. It establishes national-level standards that healthcare providers must comply with and strictly investigates compliance related issues while holding violators to civil or criminal penalties if they violate the privacy of a person’s PHI. Hipaa also has boundaries for using and disclosing health records by covered enti ties; a healthcare provider, health plan, and healthcare clearinghouse. It also supports the cause of disclosing PHI without a person’s consent for individual healthcare needs, public benefit and national interests. The portability part of Hipaa guarantees patients health insurance to employees after losing a job, making sure health insurance providers can’t discriminate against people because of health status or pre-existing condition, and keeps their files safe while being sent electronically. The PrivacyShow MoreRelatedHipaa Which Stands For Health Insurance Portability And716 Words   |  3 Pages HIPAA which stands for Health Insurance Portability and Accountability Act was established August 21st in 1996. The bill was signed by Bill Clinton who was president of United States during the following date. HIPAA is used for protecting the privacy of a client’s personal and health information. This policy is also used to providing electronic and physical sec urity of one’s information. HIPAA is also known as being a security rule. In order to get this policy passed, the HIPAA required the SecretaryRead MoreThe Health Insurance Portability And Accountability Act1438 Words   |  6 Pagespeople live in the United States of America, and with that type of power you can bet that the country would be corrupt. The Health Insurance Portability and Accountability Act is there to prevent such events happening. HIPAA, or Health Insurance Portability and Accountability Act, was implemented to help serve the people and keep information safe. Originally it started out as a way to ensure that Americans going between jobs would still be covered by their insurance companies. Since then the act hasRead MoreThe Healthcare Insurance Portability And Accountability Act ( Hipaa ) Essay1353 Words   |  6 PagesThe Healthcare Insurance Portability and Accountability Act (HIPAA) was signed into law in 1996 by President Bill Clinton to improve the health care system. Now HIPAA is a wide known law followed by every health plan, health care providers, health care clearinghouses, and other covered entities. The HIPAA law had numerous portions and therefore, was carried out in various stages. This law provides the ability to continue health insurance for American employees when they change or lose their jobsRead MoreHealth Insurance Portability Act of 1996 (Hippa): Is It Best for Us of Not?1073 Words   |  5 Pagessets standards for the storage and privacy of personal medical data. The rule was enacted on August 21, 1996 by the 104th United States Congress and was signed by Bill Clinton. It was introduced in the house by Bill Archer on March 18, 1996. Health Insurance portability and Accountability Act of 1996 helps to promote high quality health care services and helps protect confidentially of patients and other individuals. Title I of the 2-part HIPAA attempts to protect health-insurance coverage for workersRead MoreHippa Violation1569 Words   |  7 PagesM230/H SC2641 Section 04 - Medical Law and Ethics class. HIPPA Violation – Privacy Rule Thesis: Preventing violations of the HIPAA Privacy Rule greatly impacts any health care professional, specifically patient information as it relates to a pharmacy and its entire staff. Ever wonder what the acronym HIPAA stands for, how it relates to health care professionals, as well as you, the patient? Violations of the HIPAA Privacy rule greatly impacts health care professionals, specifically those workingRead MoreThe Health Insurance Portability And Accountability Act817 Words   |  4 Pages This journal entry is a reflection of research on the Health Insurance Portability and Accountability Act (HIPPA). Enacted by Congress in 1996, HIPPA was created to â€Å"modernize health information exchange† (Solove, 2013). For the consumer, HIPPA sets rules which protect the privacy of health information, to be followed by health care providers and insurance companies. It also gives consumers rights over their health information, such as obtaining a copy, making sure it is accurate, and to knowRead MoreHealthcare Insurance Portability And Accountability Act Essay1353 Words   |  6 PagesIn 1996 the Healthcare Insurance Portability and Accountability Act known as HIPAA was signed into law to improve the healthcare system. Now, HIPAA is a wide known law followed by every health plans, healthcare providers, healthcare clearinghouses, and other covered entities. The HIPAA law has many purposes which were enacted in stages. This law provides the ability to continue health insurance for American employees when they change or lose their jobs. This law also mandated a healthcare industryRead MoreThe Health Insurance Portability And Accountability Act Essay1704 Words   |  7 PagesPortability and Accountability Act, most commonly known as HIPAA, was passed by Congress and signed by President Bill Clinton on August 21, 1996. The purpose of this act was to regulate the privacy of patient health information, lower the cost of health care, as well as to help fix the many pieces of our complicated healthcare system. When switching employers or possibly losing employment, HIPAA secures individuals their health insurance. HIPAA nearly affects all individuals within the healthcare fieldRead MoreAnalyzing The Past, Present And Future Of The Congressional Attempt At The Health Care Reform1704 Words   |  7 Pagesattempt at the health care reform. Ori ginally presented to congress was the Health Security Act in 1993, which was not enacted until June 2014. The Health Security Act started the foundation for patient privacy and the security of an individual’s health information. As the years passed the Health Security Act became quickly outdated and needed to be updated to complement the sudden progression of current technology advances. Congress was presented the Kennedy-Kassebaum Act, which defined patient rightsRead More Patients Rights Essay1618 Words   |  7 Pagesproactive in the healthcare and the healing process of their bodies. Because the medical practice was evolving rapidly in technology and specialized care, patients’ healthcare and rights became a major concern that needed to be addressed. In 1973 the American Hospital Association published a patients’ bill of rights that provided the patient with most advantageous healthcare available. This bill of rights required all accredited hospitals to accept this standard moving forward (Patients Rights

Major Themes of Slaughter House by Kurt Vonnegut Essay

In Slaughterhouse-Five, the author, Kurt Vonnegut, did an excellent job to narrate the life story of Billy Pilgrim, a man who could travel between his past and future back and forth. And as readers went through the novel, there were two major themes that would stick in their mind, which were the condemnation of war, and the attitude towards life. The central event of the book, the bombing of Dresden, has caught the readers’ attention to the power of a war. The unnecessary war attack brought 135,000 German civilians to death, and hundreds of artistic and historical buildings were destroyed -â€Å"Dresden was like the moon now nothing but minerals† (81). Furthermore, as the book mentioned two times that during World War II in Germany, candles and†¦show more content†¦Throughout the comparison between a slaughterhouse and human’s world, Vonnegut successfully exposed the anti-war theme in this novel. Moreover, Vonnegut stated his hatred toward any kinds of killing at the beginning of the chapter, â€Å"I had [have] told my sons that they were [are] not under any circumstances to take part in massacres, and that the news of massacres of enemies was [is] not to fill them with satisfaction or glee† (13). On the other hand, the reason Vonnegut only talked about the life story of Billy on Tralfamadore was because he wanted to present his unique point of view about time and free will. There, the Tralfamadorians taught Billy that they did not want to make any changes or to do anything, since they already believed that everything had been determine, no matter in past, present, or future. In their point of view, they thought every single event would always happen, and they could not make any changes to it, so that they tried to â€Å"Ignore the awful times, and concentrate on the good ones† (55). Through this philosophy, it helped Bill felt better toward deaths and the awful things he had experienced in his past life. In addition, there was a very deep poetry in the novel: â€Å"GOD GRANT ME THE SERENITY TO ACCEPT THE THINGS I CANNOT CHANGE, COURAGE TO CHANGE THE THINGS I CAN, AND WISDOM ALWAYS TO TELL THE DIFFERENCE† (95). This poetry presented a very objectiveShow MoreRelatedThe Slaughter House Five Centers1944 Words   |  8 Pages Slaughter House Five centers around how Billy Pilgrim is affected after experiencing the bombing of Dresden during his service in World War II. Pilgrim s journey through the war impacted the rest of his life, arguably ruining it, and causing him to have PTSD. The creation of the aliens in Pilgrim s head caused him to look at the world differently, and allowed him to be absolved from most of his guilt. The way Pilgrim reacts to the deaths that surround him also shows his new perspective on lifeRead More Themes of Slaughterhouse 5 by Kurt vonnegut and Catch 22 by Joseph Heller1421 Words   |  6 PagesThemes of Slaughterhouse 5 by Kurt vonnegut and Catch 22 by Joseph Heller In the books, Slaughter House 5 by Kurt Vonnegut and Catch 22 by Joseph Heller there are many themes that at first don’t appear to be related but once given a closer look have striking similarities. Both books are about one mans experience through World War II, one being a fighter pilot and another being a soldier. Each man is known as an anti-war hero. They do not agree with the war and do not find it appropriate toRead More The Thought-experiments in Kurt Vonneguts Slaughterhouse Five or the Childrens Crusade: A Duty Da3375 Words   |  14 PagesThought-experiments in Kurt Vonneguts Slaughterhouse Five or the Childrens Crusade: A Duty Dance With Death In 1945 Kurt Vonnegut witnessed a horrific series of bombings that led to the destruction of the German city of Dresden, where he was taken as a prisoner of war. The controversial fire-storm raid, carried out by bombers of the Royal Air Force and US Air Force, took casualties of up to a quarter million people (Klinkowitz x-xi). As a prisoner of war, Vonnegut was forced to participateRead MoreBrief Survey of American Literature3339 Words   |  14 Pagesthe cause of independence,, and aided Jefferson in writing the Declaration of Independence. Practical yet idealistic, hard working and enormously successful. the Scottish philosopher David Hume called him Americas first great man of letters†. Major Works Franklin’s place in literature owes much to his almanac and autobiography: Poor Richard’s Almanac (1732) ï ¼Ë†Ã§ © ·Ã§ â€ Ã¦Å¸ ¥Ã¦   ¼Ã¨ ¨â‚¬Ã¥Å½â€ Ã¤ ¹ ¦Ã¯ ¼â€° Published from 1732 to 1758 under the name of Richard Saunders Full of proverbs which teach people thrift, carefulness, and

A Recent E Commerce Threat - 1643 Words

Keller Graduate School of Management Of DeVry University Research Project 1: A Recent E-Commerce Threat Michaels Stores’ Breach Nitesh Timilsina E-Business Security (SEC573) Kathleen Milburn 03/22/2015 Table of Contents 1. Threat identification, technical features, and vulnerabilities 1 2. Diagram depicting the mechanism of attack and exploitation 2 3. Potential or actual consequences 5 4. Risk assessment 6 5. References 8 1. Threat identification, technical features, and vulnerabilities On January 2014, Michaels an art and craft retailer and its subsidiary Aaron Brothers, revealed that costumer information database consist of payment card number and expiration date been compromised. Costumer using credit or debit card at Michaels in between May 8, 2013 to Jan 27, 2014 compromised 2.6 million cards and at Aaron Brothers in between June 26, 1013 to Feb 27, 2014 been compromised 400,000 cards. The company committed to work with other parties to improve security of payment card transaction for all consumers. An unauthorized and highly sophisticated malware that not been encountered previously by any security company attacked the point-of-sale systems where all the card information is stored. The outcome of this hacking been extensive and affected millions of customer’s personal and payment data was exposed, results in the payment card compromise of three million customers. Point-of-Sale (PoS) is the system that used byShow MoreRelatedTo What Extent Is an E-Commerce Strategy the Best Way for Businesses to Increase Their Profits? (40 Marks)1398 Words   |  6 PagesTo what extent is an e-commerce strategy the best way for businesses to increase their profits? (40 marks) E-commerce is the online transaction of goods and services, which has completely revolutionized business and the way in which businesses can operate. It’s now easier for customers to compare prices/products with a little time spent browsing the Internet opposed to dragging themselves to the stores. This means that e-commerce is having an impact on what and how much businesses sell, thereforeRead MoreE-Commerce: Pros and Cons of Taking the Clothing Store Online1535 Words   |  6 Pagesï » ¿Introduction It is important to note that in the recent past, technology (and most particularly the Internet) has effectively changed the way people conduct business. Today, most businesses have come to the realization that to remain relevant in a highly competitive marketplace; they must fully exploit the opportunities presented by both technology and the Internet. In this text, I discuss a number of issues arising out of my resolve to engage in e-Commerce as the owner of a small clothing store alongRead MoreThe Company Amazon.com Inc. An E Commerce Based Industry Essay1289 Words   |  6 Pages Political The company Amazon.Com Inc. an e-commerce based industry can be affected by the country’s political external factors for example: A) political stability of developed countries. It could creates an opportunity to expand . B)Government support for e-commerce. It is an a opportunity as a well a threat, an opportunity because it can continue to expand and diversify it business, a treat because competition will also increase. C) Increasing governmental efforts on cyber-securityRead MoreImpact of E-Commerce to Malaysian Economy854 Words   |  4 PagesIMPACT OF E-COMMERCE ON THE MALAYSIAN ECONOMY E-commerce is the new buzz word. With the advent of the Internet, the development of e-commerce in both the developed and developing economies has developed at a rapid pace. Developing countries such as Malaysia are catching up fast as there are already 1.2 million Internet users. The private sector and the Government have taken initiatives to implement e-commerce. Physical and legal infrastructure for e-commerce in Malaysia have been put in placeRead MoreSecurity and Payment Issues Faced by e-commerce Business in the Hospitality Industry978 Words   |  4 Pages1. INTRODUCTION In recent years, experts have expressed alarm about the rise in internet privacy violations and cyber-attacks to e-commerce systems especially in the hospitality industry. â€Å"In 2011, Trustwave SpiderLabs conducted 42 percent more data breach investigations than in the previous year. More than 85 percent of these data breaches occurred in the food and beverage, retail and hospitality industries.† (Savitz Percoco, 2012). It seems logical that any business would understand that buildingRead MoreAlibaba1038 Words   |  5 Pageshttp://www.researchandmarkets.com/reports/2523153/ Alibaba.com Limited - Strategic SWOT Analysis Review Description: Summary Alibaba.com Limited (Alibaba.com) is a diverse e-commerce company. It is the flagship company of Alibaba Group Holding Limited. It principally operates business-to-business (B2B) e-commerce web portals for small businesses. It provides three different uniform resource locators, namely, www.1688.com, a Chinese language marketplace for domestic trade in China; www.alibabaRead MoreFords E-Commerce Strategy1680 Words   |  7 PagesEXECUTIVE SUMMARY In early 1999, Ford announced an integrated e-commerce strategy, with the objective of creating an interface among customers, dealers, vendors and even competitors. The SWOT analysis was studied for the development the strategy, as well as the chances of success of such strategy. With Fords desire to shift from ‘dealer-centric selling to ‘consumer-centric selling, we looked at the typical characteristics of online customers and how dealers could reinvent themselves to remainRead MoreAmazon Swot Analysis On Amazon1196 Words   |  5 Pagessuperior logistical system that has made the process of distribution easy and efficient. The company has developed an important mind recall for customers that make the brand’s penetration into other online markets more plausible. Weakness In the recent years, it has become notable that Amazon’s diversification strategy has tended to spread so much to the extent of moving gradually from the entity’s fundamental core competencies. The point of departure is seen as a weakness as opposed to strengthRead MoreThe Privacy Of A Computer System Essay1538 Words   |  7 Pages Human beings value their privacy and the protection of their personal sphere of life. They value some control over who knows what about them. They certainly do not want their personal information to be accessible to just anyone at any time. But recent advances in information technology threaten privacy and have reduced the amount of control over personal data and open up the possibility of a range of negative consequences as a result of access to personal data. Data privacy or information privacyRead MoreBusiness Press Article And An Executive Summary Essay1512 Words   |  7 Pagesguiding a subsidiary in China to obtain a freight-forwarding license that analysts say enables Amazon to sell space on container ships traveling between Asia and the U.S. and Europe. In other words, we have identified Amazon is becoming a mix of e-commerce Walmart with a FedEx attached. In order to take on such a huge step into this differentiated niche market some major issues may arise. We identified these issues based on their current market share and revenue that will be utilizes to digest their

War Is Justified A Continuation Of Policy - 1811 Words

Abstract This paper will examine the claim that â€Å"war is merely a continuation of policy by other means† in regards to World War II. It will first examine the broad context in which Clausewitz constructed this theory, that â€Å"war is merely a continuation of policy†, and then move on to widen the scope of investigation to that of Clausewitz’s theory in connection with WW2. Within the scope of WW2, this paper will specifically be inspecting how Clausewitz’s theory can be seen in the United States, Britain, and German policy and war strategy during WW2 . The German perspective of this paper will examine how economy played into German policy and how consequently, this contributed to Germany’s effort and success in waging a second world war. This paper will then explore FDR (United States) and Churchill’s (Britain) approach to policy and military objectives within WW2. Finally, the United States aspect will deal with how evident Clausewitzà ¢â‚¬â„¢s theory is when dealing with policy in Japan. The end result of this paper will be that of connecting the claim that ‘war is merely a continuation of policy by other means’ to the context of WW2, specifically the countries of the United States, Britain, and Germany and their political objectives and war tactics. Evaluate the claim that ‘war is merely the continuation of policy by other means.’ One of Clausewitz’s many famous theories is that ‘war is merely a continuation of policy by other means.’ This theory is proven correct once againShow MoreRelatedThe Justifications Of The Atomic Bombing Of Hiroshima And Nagasaki1616 Words   |  7 Pagesthis approach led the United States to reduce innocents to instruments and morality to arithmetic during World War II (Holt). By contrast, ethical tradition rooting from Judeo-Christian theology holds that some actions cannot be justified by their consequences, rather they are absolutely forbidden (Holt). The problem is, however, that this absolutist morality is difficult to apply to war. This tradition does hold attacking a military target knowing some innocents will die as a side effect as permissibleRead MoreThe Moral Implications Of The Us Invaded Iraq1689 Words   |  7 Pages Carl Von Clausewitz was a Prussian Military Theorist in the early eighteen hundred`s who focused on the moral implications of war. He once said â€Å"War is the mere continuation of politics by other means†, a statement that has become all too relevant in the twenty-first century. This paper will serve to analyze why the US invaded Iraq in 2003, discussing the underlying agenda of the Bush administration at the time compared to what information was given to the public. First, evaluating how the BushRead MoreAssess How Hitlers Ideology Affected Nazi Foreign Policy Between 1933-391528 Words   |  7 Pageshistory†¦under given and imposed conditions’ has been tainted by several revisionist historians as the catalyst for Hitler’s foreign policy. A.J.P. Taylor even goes on to argue that Hitler was not only continuing a policy of previous German governments but he also believes Hitler can not be directly implemented in the events which unleashed WW2. However, to attribute Hitler’s foreign policy purely to his opportunistic characteristics would be to ignore his personal motivations and both racist and expansionistRead MoreImperialism : The Age Of Imperialism1010 Words   |  5 PagesIndira Yuldasheva C band Expansionism Essay The late 19th century and early 20th century is known as the â€Å"Age of Imperialism†, a period in which major world powers, including the United States, adopted a policy of expansionism. Expansionism is defined as the policy of territorial or economic expansion, which is often achieved through diplomacy or military force. During this time period, the United States notably acquired territory in the Pacific and Latin America. The nation’s growing colonialRead MoreThe Results Of The Election Of Donald Trump987 Words   |  4 Pagesrather than an organization with a shared political agenda. In the Pew Research Center article Voter General Election Preferences, which surveyed voter preferences roughly four months before the general election, a majority (55%) of Trump voters justified their choice as a vote against Clinton rather than a gesture of support for the Republican candidate. Conversely, half (50%) of Clinton voters viewed their vote for the Democratic cand idate as more of a vote against Trump than for Clinton. DespiteRead MoreEssay about Racist Positivism in Latin America1177 Words   |  5 Pagesliberty and equality went astray in the late nineteenth century being destabilized by an upswing of another form political policy, liberalism. This liberalism was interwoven with racism and sexism, and colored by positivist interpretations of science, society and knowledge that were becoming common currency in Western Europe. In order to understand the reaction to liberal policies of native populations in the late nineteenth and early twentieth century, it is important to focus on the scientific methodRead MoreAn Area Is Not A Simple Process1620 Words   |  7 Pagespotential to lead to new problems between the parties involved. This essay will examine the effects of decolonisation by drawing an outline of the causes that led to the decline of European Imperialism in Africa. The assessment will be focusing on the continuations and disparities following the period of Long Depression at the end of the nineteenth century, which included the Scramble for Africa† and the political dissecting of the continent. Imperialism is the extension of a country s eminence intoRead MoreThe Tyranny Of White Majority Essay1511 Words   |  7 Pageswhite majority has continued throughout the 18th to the 21st century resulting in a society that has suppressed and constantly failed to integrate African American into the white society by neglecting the race, using natural prejudice, race neutral policies, and laws that benefited whites more than African Americans. Even before the 13th amendment and emancipation of slaves, small reforms in the northern states were being implemented to create a true free society. One would argue that these reformsRead MoreArguement to Alter World History: The Modern Era to Favor the Atomic Bomb Strike1115 Words   |  4 PagesJapan with nuclear weapons, while criticized for moral reasons, was justified by the unyielding resolve of the Japanese people, the substantial remaining resources of the Japanese war machine, and massive estimated casualty rates associated with an invasion of Japan. By 1945 two of the Axis powers, Germany and Italy, had surrendered to the Allies; only the Japanese Empire persisted. Japan had been on the defensive for much of the war and now stood little chance of winning. Despite its many losses,Read MoreThe Great War1256 Words   |  5 PagesThe Great War may be perceived as a milestone historical event serving two intertwined roles in the course of 20th-century British politics. Firstly, on certain grounds, it provided a fertile soil for the justified continuation and extension of a rather radical social reform initiated under the Liberal leadership since 1906, thus shifting the politics towards a more big-government-oriented direction. In the early post-war years, it was suitable for the Conservatives to undertake this task on the

Organ Donating… Good or Bad Free Essays

Organ Donation What is going to happen to your body when you die? Will you be buried, cremated, or will you use it for the benefit of others? Organ donations can save lives and be used for research. Organ donation is not solely restricted to people who have passed. Donating is also possible when you are alive. We will write a custom essay sample on Organ Donating†¦ Good or Bad? or any similar topic only for you Order Now Every American needs to become an organ donor because millions of lives could be saved. Saving lives after death is one of the major motivating factors for organ donations. One organ can save up to eight lives (â€Å"Organ Donation Facts†). There are over 114,000 people waiting for organ transplants (â€Å"Organ Donation Facts†). There was a case of a woman’s husband dying from a car crash and he donated his organs. A few months after his death she got letters in the mail that his organs saved the lives of five people, one of which was a single mother of two small children. On average, eighteen people die a day from being on the waiting list for organ transplants (â€Å"Organ Donations†). Every ten minutes someone is added to the waiting list (â€Å"The Need Is Real†). These tragic facts are just some of the reasons why people need to become organ donors. It is also possible to donate certain organs while still being alive. While this is more difficult, there is an excellent success rate for the surgeries (CNN Health). Most of these situations involve donating to a family member, saving the life of someone cared for by the donator. Also, by donating to a family member it makes you closer to that person. After you donate you will be contacted by the person that got your donated organ, in case you want to talk to them ( Living Donors Online). In 2010 more than eighteen thousand kidneys were donated by live donors (â€Å"Save A Life†). If a person needs a new kidney they are on dialysis, but if you would donate a kidney to them it would double there life span (â€Å"Benefits Of Living Donation†). Donating an organ while being alive is an incredibly generous thing to do and every American should consider. Yet another option is whole body donations for science and research. There is a significant shortage of human tissue, the tissue that they have are being used to find cures for cancer and neurological disorders (Fox News). Tissue is also needed to give surgeons operating experience (Fox News). If surgeons do not get the experience they need then when they go into surgery on someone they are not prepared and are more likely to make a mistake. Also firefighters and EMT’s need experience with tissue because of burns and emergency medical treatment (Iiam). Also when you donate your entire body it can be used in museums for educational purposes. This educates people on how the body works and why we should be organ donors (Iiam). Donating for science is a very useful way to donate organs after you die. While donating your body and organs is obviously a selfless and beneficial act, there are some people who are opposed to organ donation. There are some who argue that if one is in a situation that requires serious medical attention, doctors will not try as hard to save you because you are a donor and could save others. However, doctors will put just as much effort into saving you because only the transplant team knows if you are an organ donor. Some also believe that old people cannot donate organs, making it impossible for people who die of natural causes to donate. There is no defined age limit for a donor; organs have been successfully transplanted from people in their seventies and eighties. Every American needs to become an organ donor to save and help many lives. Your body has no use to you after you have died. Also you could save up to eight peoples lives. Donating organs while you are alive is also an option when donating and it could save the life of someone very important to you. Research is a very important part of organ donating because it trains medical personnel to be better prepared so that they can save lives when they are working. When you get your license or renew your license, be sure to answer yes to being an organ donor. How to cite Organ Donating†¦ Good or Bad?, Essay examples

Country Study Project United Kingdom

Question: Describe about the political, economic, social environment of United Kingdom? Answer: Introduction Market evaluation and market research has become very important for an organization so as to expand its business to the target market. Market research reveals adequate information to the management and hence will support them to take appropriate decision about the market selection. Generally a market research will identify the research related to buying behavior of the customers, potential of the market, political situation of the market, economic and social concerns, government rules and regulations etc. The government policies and regulations of the target country are also taken into consideration for the research. From the information obtained through such market researches the management can relate that information with the product lines of their organization (Dey, Bhattacharya and Ho, 2014). If the information suits the organizations requirement then they will go forward. Appropriate market entry strategies will be adopted and various strategies will be formulated to become succ essful. Through this report a specific country United kingdom is taken into consideration and has be conducted a study based on its, political, economical, social, situations. A statistical record of the economic situation of the country is prepared and given in the report. With the support of this data decision related to market selection is performed. Some market entry modes which are suitable for the country United Kingdom is also suggested with justification. Market evaluation The United Kingdom is taken into consideration for the purpose of market analysis. The political, economic, social environment of UK is analyzed here. Through this analysis the organizations will be able to identify that UK is an appropriate target market so as to enhance their business. This analysis will also help the management to eliminate risks associated with international trading. Political Environment As the United Kingdom has a democratic government, the political situation of the country is generally very stable. Such political situations will be very favorable for a business organization to establish their business in this market. The chances of the introduction of controversial regulations and policies are less in such political situation. This will provide an organization of any industry a strong base for performing business operations. The political events like elections are held once on four years which reduces the risks associated with change in the existing policies and procedures. The business organization can prepare for a change when the next election comes. This can avoid uncertainty about the political issues and can enter into contracts without any risk feeling (Hegbrant and Hellberg, 2014). Since it is a democratic country the ultimate power is in the hand of the population. The chances of public rivalries are very high in democratic markets. At any time the strikes and other public provocations can break up which can hinder the business operations of the international organizations. Nothing can be done under such situations. The competitors with political influence can always be threat to the international organizations. They can also put the organizations into political issues deliberately. Economic Environment The flexibility in the interest rate of the UK economy can affect the business operations of an organization in UK. The deviation of the interest rate is from 3.7% to 4.5% in the recent years. These steep deviations can affect the planning and budgeting of the organizations. Inflation can also reduce the buying potential of the consumers which makes them to spend less. If they buying power of the customer reduces then the market will be of no hope for the organizations. To survive in such markets the organizations will have to adopt competitive pricing strategies (Parutis, 2014). The UK government also imposes various tariffs and quotas on the organizations who want to perform business operations there. Apart from this they also impose tax while exporting goods to UK they impose VAT and other taxes. Hence it will be practical to open up a factory in UK so as to avoid the quotas and other taxes. If the organizations are from a home country with higher labor costs then this market is a good opportunity for them as they can reduce the cost of production, transportation, tax, etc. But organizations from the home country like china where cost of labor is relatively very low then it will be difficult for them to establish in this market. Such organizations will have to sacrifice any one (Schmuecker, 2014). Some of the economic conditions like unemployment can certainly hinder the success of the organizations in UK market. Unemployment can certainly affect the buying potential of the customers. Unemployment and situations like global economic saturations can certainly affect the international business organizations operating in any market including UK. If the personal disposable income of the customers is hindered through the factors like high interest rates, taxation and inflation then the purchasing power get decreases. The occurrence of such cases is unpredictable in the case of the UK market (Cole and Lucchesi, 2014). Social environments The social environment of UK is enriched with various social backgrounds like religion, race, culture, education levels, population, gender, age distribution, buying habits and lifestyle. Hence the organizations have the opportunity to identify their own target customers. The population of the UK is relatively highly savvy and relies on the internet and online shopping facilities. The people out there have less time to spend on shopping as their life is busy scheduled. Almost all families are having double income and they have the potential to spend on luxury products. Hence the opportunities for the fast food restaurants are very high in this market. The organizations which provide online services, free home delivery and other services are welcomed here (Parutis, 2014). The population of this market is generally educated and is having the tendency to get adapted to new products and services. This attitude of the population provides a chance for the new entrants into the market. They mainly look for high quality and good service. There is also a diverse religious practice in UK which can be utilized for the promotional activities. The population of UK is also relatively high which is around 64.1 million which a promising customer base for business operations (Conklin, Forouhi, Surtees, Khaw, Wareham and Monsivais, 2014). Markets position in trade and foreign investment Since 2004 the UK retains a long standing top most position in Foreign Direct Investment rankings. Although the country had to face many declines which are about 7% in the FDI investment projects it maintained to retain its topmost position. In Europe, UK has been identified as one among five countries where risk free investments can be made. Recently for the first time Germany obtained a highest share of manufacturing investments than that of UK. But still the dominance of the UK market is largely flourished. Some of the major investors of UK are US, Germany, France etc. Some of the industries like IT, automobiles, equipments which includes production are the prime industries which are gaining more FDI. The FDI in financial services sector is declining. Governments policies and regulations The government of the nation is very supportive for business organization and motivates the organization to set up their production process in the areas of UK where there is high degree of unemployment. They also provide subsidies for the same. But in some cases it may affect the organization as it may become costly for the organizations to set up factories in rural areas. When the manufacturing cost increases the cost of the product also increases which can dissatisfy the customers out there. The government regulations of minimum wage to the employees can also harm the business operations of the organizations. Due to the equal opportunity act proposed by the government the organizations are supposed to provide priority to all individuals who apply for the opening (Gulbrandsen, 2014). Decision Making in choosing the target market based on the economic data In a recent research conducted on UK economy it is identified that the economy has faced a growth by 2.6%. Since 2007 the UK economy hasnt faced such a dramatic growth. In 2014 the economy has grown up to 0.5% which shows this economy is very appropriate economy for making investments. Although there is a sudden decline in the economy of about 0.7% economist says that it is temporary. The growth of the service sector has enhanced by 0.8%, but that of the construction declined by 1.8%. The manufacturing sector remained the worst performance sector in 2013 which is by 0.1% (UK economy records fastest growth since 2007, 2015) Some of the other attributes which makes the UK market attractive for investment and business enhancement is the quality of life cycle of the society, their culture of fast adaptation , highly savvy population etc. Apart from that the political situation of the UK is very stable. The infrastructure of the country is maintained in such a way that it supports foreign investment and international businesses. Hence it can be recommended that the organizations can move forward into the UK market to flourish their business. Market Entry Mode Once the target market is decided it is the turn of the management to identify the market entering strategies. The strategies adopted should be reliable such that it doesnt harm or risk the business operations. A risk free and cost effective method of market entry strategy is direct and indirect exporting. When the UK market is considered the exporting charges and other taxes are high. Hence the market entry methods which will be appropriate for this market will be licensing and franchising. Through licensing the organization can get into agreement with the government to perform manufacturing and sales in UK for a specific period of time. Through licensing the organization will have to take the responsibility of risks associated with international business. The political and legal interventions may harm the business if the management has not taken adequate measures (Karajz and Gubik, 2014). Through franchising the risks associated with business can be avoided or eliminated. The full responsibility of the business operations will be for the franchiser. The profit will be shared with the franchise based on the agreement. But the chances of information sharing is high therough this market entry mode (IoraitÄ—, 2014). Hence the organization can first try for direct exporting so as to identify the success of the product in UK market. Then based on the feedback of the customers the organization can either get into the licensing or franchising market entry mode. Each market entry mode has its own advantages and disadvantages. It is the efficiency of the management to reduce the risks and to enhance the benefits. Implementation Plan An implementation plan can be formulated based on the data collected from market analysis for the purpose of enhancing the business operations to the UK market. The target market is identified which is UK for enhancing the business operations. Market analysis is conducted on the UK and various aspects like political, social, economical, government rules and regulations, FDI etc of UK market is identified. Based on the data obtained the benefits and risks associated with the business operations in UK are identified. Proper budgeting plan is formulated by considering the market entry modes and the charges associated with it. The sources of finance are arranged for meeting the expansion requirements. Recruitment and staffing for the purpose of expansion and for the host country office are arranged appropriately. Training and development is given to the employees who are considered as expatriates. Conclusion A report has been prepared which highlights a country study project. A country United Kingdom is taken into consideration and market analysis is conducted on it to identify whether the market is appropriate for business enhancement. The political, social, economical status of the country is researched and is highlighted. Form the study it is evident that the country has a stable economic and political condition which is favorable business operations. Some of the statistical data ate provided in the report. The government rules and regulations are also discussed. From the research it is identified that the country is suitable for business operations. The market entry modes like licensing and franchising are suggested for the organizations. The risks and benefits associated with those market entry modes are also discussed. An implementation plan is developed at the end of the report. The implementation plan is prepared by keeping the information collected through research. 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