BMW Case Analysis The primary goal of a business undertaking such as the production and sale of luxury motor vehicles by Bayerische Motoren Werke AG (BMW) Company exists in profit maximization and guaranteed survival. Over the years, BMW has continued to produce luxury cars that meet the needs of their clientele; thus, the company made profits that allowed for global expansion. However, the administration of firms experience challenges in management and operationalization that interfere with the potential for realizing the identified goals. For example, the management may encounter stiff competition, high production costs, and limited financial support to operate in an increasingly technological world. The management develops administrative and budget control measures to ensure that the company does not collapse in the face of challenges. The process of effective intervention involves the analysis of the problem to enable the management to determine and recommend alternative perspectives for guaranteed growth and survival of the firm. Situational Analysis Increasing globalization necessitated the need for BMW to consider tapping in the global market to broaden the market served; thus, increase sales. Globalization exposed…
End-users in the medical device design process End-users might play an essential role in the process of medical device design. End-users act as a reference point for human factors that could be important in helping design medical devices that are best suited to serving user needs (Money et al., 2011). Studying the user’s characteristics gives medical device manufacturers a new insight into the field of engineering; the manufacturers are better suited to understanding what the user exactly needs and focus on developing a device that meets the exact needs or assists in meeting them. The drawback of not taking into account user needs is that the manufacturer might create a product that meets no need at all. Most manufacturers identify niches that are generalized, and failing to carry out a study that helps them understand the exact needs based on the generalization leads to creating an outdated product. In the product design and development stages, research and analysis have to be carried out to know precisely what gap the newly developed product will fill. While developing medical devices, the validation…
Unmet Clinical Needs and TPP Response 1 An unmet clinical need is a medical niche that the current drug treatments lack the required benefit, cannot treat an existing ailment, and the solutions do not exist. Unmet clinical needs are solved by producing new drugs that offer advantages and benefits that the current drugs do not provide, or the new drugs treat a condition which the old drugs in the market cannot. A TPP there is an essential element during the early development of the drug that meets the unmet clinical needs. TPP helps the manufacturers develop initial tests that help them to clarify whether the drug is fit for purpose, thus allowing the new drug to pass from a bench trial to a bedside trial (Cocco et al., 2020). Medical tests are currently efficient methods and set down guidelines for developing a TPP, making feeling unmet clinical needs challenging. Response 2 The primary purpose of a TPP is to guide the research and development of a product. The first aspect is the in-house TPP, which steers a product’s development towards…
Insurance Fraud Introduction Insurance Fraud refers to an illegal act on either the buyer or seller of the insurance contract. The buyer insurance fraud may include exaggeration of claims; falsification on medical history faked death or kidnap or postdated policies. Insurance fraud by the seller may include, churning policies to obtain more policies, offering policies from non-existing companies and failure to submit premiums. Majority of insurance fraud cases involve attempts to exploit the insurance contract for financial gain through exaggeration or falsification of the claims. Insurance fraud costs North Carolinians between 15 to 20 cents on every dollar paid on premiums (Robesonian, 2020). A case reported on the Robesonia Newspaper on Feb. 20, 2020, is aa perfect example of a breach of an insurance contract for financial gain by the buyer (Robesonian, 2020). According to the insurance commissioner, Mike Causey, Samuel Lee Lang Johnson, aged 43 years from Freedom drive 2703 is accused of felony insurance fraud, misdemeanour making false statements on the insurance contract application and obtaining assets through falsification and exaggeration. Johnson is accused of submission of false…
Business Ethics and Integrity early April 18th within various directives in a cue. Hence, is during such a time when one of member mailed to New York Administrator Stating a file termed as Articles of Incorporation in agreement with New York’s Commercial Corporation Regulation. The form comprised the name of a business, Heaven’s Gates company, business term and addressing of Heaven’s Gates registered negotiator, and associate’s name and addresses as the incorporator. One business owner signed the form and encompassed a check covering filing fee. Describing clearly on Heaven’s Gate members, associates thought Earth was resumed, and only technique was saving their awareness and notice being ascended to the next stage/level. Initially believing in a spaceship and unethical approach to the business registry would come and provide them to Succeeding Level, Nettles’ passing brought a minor shift that could have to part with bodies and civilization in direction to succeed. The concluded confidence within ship following Hale-Bopp, and keenly leaving forms when a comet passed nearby to Terrain could spread rise. Analyst and other researchers also quantified standard civilization commonly…
BUSINESS ENVIRONMENT FOR TOURISM AND HOSPITALITY by (name) Course Professor’s Name Hong Kong College of Technology City or State The Date BUSINESS ENVIRONMENT FOR TOURISM AND HOSPITALITY Ease of movement and safety are some of the critical factors that influence tourism. For instance, bilateral tourism or tourists flow between two nations with disregard to their proximity is hugely dependant on the state of security and the ease of movement between these countries. With the threat posed to human life by COVID-19 and government measures adopted to prevent the spread and safeguard humanity, tourism has hugely been affected. In the past month, governments all over the globe have started relaxing these measures to revive the economy. For instance, in Hong Kong, the government has removed the 14-day mandatory quarantine for visitors from foreign nations. Choi (2020) argues that this, in addition to the numerous offered by travel agencies to tourists, would boost the tourism sector’s revival. Although these are some of the factors that influence tourism, their impacts may be…
Spyier Review: The Best WhatsApp Spy App 2020 Modern technology has completely changed our communication methods since phones became part of our lifestyle. Nowadays, person to person dialogue is no longer the safest medium of conversing. The internet has a bunch of apps that you can rely on for all your communication needs. WhatsApp is the most popular social media app for its unique capabilities. It offers an incredible platform for us to share our latest doings with friends and families. A lot of people depend on WhatsApp to chat or exchange media files and more. They share their info and reveal secrets, thus making it the best way to spy on someone. If you want a more straightforward spy solution to track somebody’s WhatsApp, we have you covered. Here, we shall talk about Spyier, which is the best WhatsApp spy app 2020: Part 1: Spyier – The Best WhatsApp Monitoring App Are you curious about what keeps the other person on WhatsApp all the time? Well, there are different reasons why one would like to spy on others. It…
Business Email The email will be essential in making sure that I retain the customer since it starts politely. Being polite is seen in the first statement of the email where it says “I am so sorry.” It is the right way of starting the email, and it indicates that the mistake that was done on the reservation was not intentionally, therefore being apologetic for any inconveniences caused. Etiquette is very vital when communicating an apology since they are accepted codes of conduct for interpersonal communication (Koprowska, 2020). Hence, the beginning statement of the email shows the utmost respect for communication. Stating the mistake that was committed is also essential since the client can know what happened. In doing so, the client can relate to the real issue that may cause inconveniences to the organized event. Moreover, stating that the venue had been fully booked is also crucial to avoid making the client change the booking withing the already occupied times. Furthermore, the email correctly states the makeup over offers that the client will receive if they don’t cancel their…
St Lucia Zouks CPL 2020 The St Lucia Zouks is a Caribbean Premier League (CPL) cricket franchise based in Saint Lucia. St Lucia Zouks is one of the six teams of CPL created in 2013 for the inaugural season of the tournament. St Lucia has good experienced West Indian domestic players with a bunch of young talented overseas players. The current captain of the team is West Indian all-rounder Darren Sammy. He will lead the team for the 2020 season, and he also has good experience of captaincy. St Lucia Zouks did not win any CPL title till now, but the team is looking forward for some positive cricket in CPL 2020. The team usually finished the league at the bottom position. St Lucia won only 4 games out of 14 games in their first two CPL season. The franchise signed Chris Gayle for CPL 2020 season in their side and focused on the batting line up of the team. Chris Gayle is an aggressive opener batsman who will help St Lucia to give a good solid start. The franchise…
Business organizations and Marketing Information Contents Question 1: 3 Question 2: 4 Question 3: 5 References. 9 Question 1: Explain what is organizational policies and procedures are and how they impact on products/services and marketing objectives. Organizational policies and procedures are useful to provide the way of working in the firm and guidelines for processes of decision-making. A well-written organizational policy and procedure are supportive to provide clear results that are accountable, uniform, stable, and transparent. In this, the organizational policies are the guidelines or course of actions that need to be followed by an organization whereas procedures are considered as clear and easily understood the policy that outlines important aspects for implementing the organizational policies (Shoup, 2016). The policies and procedures impact the products or services of an organization because the organization offers the quality and standard among the product and services based on the policies and procedures. In addition, the marketing objectives are also impacted by the organizational policies and procedures as the firm understands the constraints of their products and services to increase transparency.…