Will money disappear and what will replace it Research Paper

Will money disappear and what will replace it - Research Paper Example The first debate of the possible disappearance of money was started when plastic money in the form of credit cards began taking rook. Now, there are expectations that hard cash will disappear and be replaced by plastic money (Bkatayama Para 1). The debate has now changed and now it is speculated that both plastic money and hard cash will be replaced by other forms of cash. Mobile cash Smart phones are becoming a big part of people’s lives every day. In many economies, SIM cards in mobiles phones have been linked to owner’s bank account which means that the owners of these phones can access their money in the bank directly to carry out everyday payments such as in shopping malls, paying utility bills and other payments. This is something that has spread even in the underdeveloped countries such as in Africa. In east Africa for instance, Kenya was one of the first countries in the world to use mobile banking offered by a cell phone network operator called Safaricom. This mobile phone money transfer allows users to deposit money, withdraw and most importantly pay directly from the phone. The phones don’t have to be smart phones since what is necessary is the SIM card which is registered in the name of the owner and then linked through a mobile network to the bank. This service, although originally offered as a standalone service without the involvement of banks, has now been linked with banks and users can now have a direct link to their bank accounts. This kind of money transfer continues to grace many economies around the world and users like the advantages of mobile money. The main advantage of mobile money is that a person does not have to carry hard cash with them or numerous credit card and debit cards. Due to increasing popularity of mobile money, it has been speculated that by the year 2020, hard cash and plastic money will have been replaced by mobile money (The Week). There are however those who dispute this argument and postulate th at it will be difficult to replace hard currency and plastic money. Some of these reasons include; Huge investment in cash and plastic money The argument is that that are too many organisations that have invested too much money in the system for hard cash and plastic money and they will not allow this form of cash to disappear because its disappearance would mean that they would lose their investment. Apart from this, the most formidable argument that has been given for the impossibility of hard cash and plastic money disappearing is the fact that most people will remain paranoid of new forms of payment and will prefer to pay using the traditional means. For instance according to (Fratianni, Salvatore, and Savona 515), the central bank can prevent the disappearance by setting high reserve rates and also stabilising its monetary policy. Advantages of hard cash Although hard cash has its advantages, it also has its advantages. A major good thing is that it is anonymous. One problem wi th digital money such as mobile money is that it always leaves a â€Å"paper trail† and therefore, some people may find it intrusive in terms of their privacy. More than fearing for their privacy, the other main concern that most people will continue to have is the issue of security of their money. Most people fear that digital money may not be very secure because sometimes it may only take a few clicks or a just a swipe for a thief to take all of a person’s savings. Although security has been tightened around virtual money systems, previous instances of people’s accounts being cleaned by hackers remain a big challenge in convincing people to use virtual money. Some have also argued that just in the same way that notes did not replace coins and plastic money

Retail Stategy (6) Assignment Example | Topics and Well Written Essays - 250 words

Retail Stategy (6) - Assignment Example With the help of continuously tracking and monitoring the environment for changes, organizations can identify several threats and opportunities and can take steps accordingly. This in turn allows the organizations to create a competitive edge over other competitors in the industry (Witcher & Chau, 2010). There are several methods and techniques for conducting audit of the internal and external environment of the organization (Witcher & Chau, 2010). Technology has made it more easier for the organizations to keep an eye on important environmental factors. With the help of properly implemented information systems and other technological devices one can identify important patterns and trends. Along with this, extensive market research also facilitates in the process of identifying and analyzing the changes in the marketplace (Witcher & Chau, 2010). With reference to the retailing business and retail management, it is highly essential for the retail organization to keep a track of the changing needs and preferences of the customers. This allows the retail organization to formulate strategies in accordance with the requirements of the customers (Berman & Evans, 2010). For this purpose the retail organization can link the data generated through RFID and other technological tools with the information systems in order to analyze the demands of the products (Berman & Evans, 2010). In this way, the organization will get an idea about the needs and preferences of the customers. Also, top management of the organization should conduct regular mystery shopping analysis in different retail outlets. This will also enable them to collect significant information and identify different changes in the marketplace. All this data should be stored in the database and should be available for the research analysts to identify important trends. This data will be helpful in identifying important patters like overall sales of a particular

History of the third world Essay Example | Topics and Well Written Essays - 750 words

History of the third world - Essay Example And a major part of the third world nation doesn't agree western nations intervening In the ruling matters of the developing countries also the third world countries are inclined to spend its nations income in war and ammunition because of which could not progress in the way of they are to be and for all this the reason are the western countries which support and help the rival nations what they earn. They are already developed nations and instead of giving a helping hand to under developing nations if they raise objections it is nothing but they are not progress loving and peace loving nations. Also when the super powerful nations are struck by natural calamities they received a financial aid from the third world nations. They need something to learn from. How can the progress of third world bear equality to their leave. The contemporary third world that exists along with the developed and underdeveloped countries is an experience to all the countries what the third world has experienced is never experienced by the developed countries. The pain and agony through which the third world has experienced has become the eye opening. The primary reasons for such experiences are the developed countries, which used to exploit underdeveloped countries in every possible manner. ... These countries slowly emerging from the clutches of the slavery and the bonded labor have become internally strong, independent and with rich cultural heritage. This glorious journey is a result of centuries of struggle for independency. The global changes like World War I and World War II were truly influencing the third world countries to reclaim their national sovereignty. The slump in the financial position of the ruling countries because of the two world wars Lead them in slowly started slowly backing off men and military from each country. Apart from that during their regime in two countries the bounded labor and slavery slowly revolutionized and started opposing and revolting against the colonial rule. After decades and decades of struggle and fight for independence was finally achieved. But along with independence there were umpteen numbers of responsibilities. There are not only responsibilities but also new challenges to foresee with. Tackling poverty, diseases, insufficient, funds, armed forces, foreign affairs, internal issues etc. William J brought many heart wrenching facts to light. Most of the facts point out the inept handling by the American nation into its foreign affairs and relief work offered. The capitalistic nature of behavior is clearly seen the way they handle their foreign counter parts. The gruesome incident reported by William J. in the detention centers of American relief operations has put the readers to shock. The manner in which the incidents were reported brought severe criticisms from all walks of the society. The ugly American since when it is published has become a rage and it also made the President Eisenhower to put a committee and order a probe into the dealings of the foreign affairs. The author tried his

Project Essay Example | Topics and Well Written Essays - 500 words

Project - Essay Example Due to the introduction of Garnier product, coloring has produced 1.4 billion dollars value of big business. People ranging from 18-24 years are mainly targeted by the product. Due to the Garnier introduction, retailers have felt good concerning the hair category future. Garnier has shown a well-built stand in the international market by getting a lot of profit. The sales of the Olay Regenerist Micro-sculpting cream moisturize in the Australian market is $15. In addition, the Superstructure cream goes for $15. Many Garnier Skin Naturals Youthful Radiance Multi-action Night creams are priced at $8 in the Australian market while most of the Nivea Visage products are been sold at $10. It is one of the successful skin care products in the world currently. Garnier is reliable and has a very well built brand name that is famously known globally. On the other hand, Garnier mainly puts more stress on the natural attractiveness of individuals. By using celebrities in marketing of Garnier, it has enabled it to be a strong brand in the market. Strength of the product is the good financial background of the company that leads in the advertising of the product. The products issued by the Garnier Company are not difficult when using them and good quality performance is achieved from the product. According to drugstore (2012), one of the garnier’s products named Fructis prevents the hair from having end splits. On the other hand, the product maximizes shine on the hair. The Fructis goes on and protects the hair against any damage. It is also trying to update the launch of its products from time to time. The product on the other hand has brightening actions that are re freshing to all its users (drugstore, 2012). During its launch in the market, the product has tried to preserve market leadership in skin and hair beauty products. Customers have been served efficiently and Garnier has tried to be a market leader with

Alan Firmin Ltd Essay Example | Topics and Well Written Essays - 2500 words

Alan Firmin Ltd - Essay Example Another form of strategy may involve availability of large warehouses to take goods closer to customers. This assists in cutting down the cost of operation and subsequently increasing profits. Alan Firmin Ltd explains what mission, vision, goals, objectives, and core competencies are. In most companies, it is difficult to distinguish between missions and visions. However, the two have a difference if one does a proper analysis. While the mission focus on what the business intends to do currently, vision focus on future achievements. For instance. Alan Firmin Ltd has a main mission of delivery goods and services to the customers at the right time while mitigating environmental pollution. Its vision has been to ‘become a global transport and logistics company.’ however; vision is an extension of the main mission of the company. In most cases, companies may have missions but no vision (Fahey 1999, p.87). To achieve the mission of the company, objectives and goals become imp erative. Objectives objective ways or strategies, which the business must use to reach the mission of the business. Objectives are related to goals with only exception being that the latter are more refined and specific to the mission of the company. ... Question 2 Strategic planning is a long process involved in focusing on the overall assessment of the company. The main questions are ‘what needs to be done, why, to whom and when?’ the aim is to make the company more effective and competitive in the market. It is the process where rational objectives are highlighted to assist in achieving the mission and vision of the company. Question 3 The SWOT analysis and PESTEL are the most suitable planning techniques or tools used to achieve the strategies. In the first category, the strengths, weaknesses, opportunities, and threats of the business are analyzed. Under this, the competitor analysis for instance can provide a company with strategies needed to make the business more competent. PESTEL involves the analysis of political, economic, social, technological, environmental, and legal factors, which may affect a business. Question 4 The economic downturn has contributed to many challenges within the world of business. For th e 2007/2008 economic depression prompted many companies to downsize in order to reduce the cost of operation. On the other hand, companies had to reduce the scope of their businesses due to reduced revenue. However, companies should go beyond their normal business activities and include others that are closely related (Lorenzen 2006, p.56). The selected business activities however must reduce the cost of operation and increase the business revenue. For the purpose of this company, two main activities ought to be included within the strategic structure. Outsourcing and construction of large warehouses are the two main activities proposed. The two play an important role of providing the business with a competitive edge over its main competitors. The

4 Paragraphs Essay Example for Free

4 Paragraphs Essay -My room is in a mess because I had a party with my best friends last night. I have to clean my room before my mom arrives from work. The underwear is hanging on the lamp, my books are all jammed in the closet, the scarf is beneath the TV and my shoe is under the bed. -We have the best cafeteria, they offer different type of foods, the food menu is so big it consists of Arabian, Indian, American, Mexican and Chinese food. They have a special Indian dish called â€Å"Chicken Tekka Masala† its a dish of roasted chicken chunks in a spicy sauce. Breakfast Burritos is a special Mexican food that contains Eggs, bacon, salsa, sour cream and cheddar cheese wrapped in a flour tortilla, hot sauce is optional. My favorite dish in the cafeteria menu is Shawarma, it’s an Arabian food made with chicken and bread. See more: Distinguish between problem-focused coping and emotion-focused coping Essay -David is a dangerous driver, I hate the way he drives the car, he either drive too slow or too fast. One day we were in the Himalayan mountains, he was behind the steering driving uphill, he was driving so fast we almost fell of the cliff. The way he brakes the car is so scary, it reminds me of how my grandmother drives. Neighbors are so important if they are willing to help you in time of need. My favorite neighbor is Mrs. Shirley , I remember the day when the government cut off our water, she was the first one there to help us, she even offered us to stay at her place. She is so generous and I like the way she hosts me.

Rapid growth of technology

Rapid growth of technology EXECUTIVE SUMMARY In the current season, the rapid growth of technology, communication and especially the large volume of information have led many companies and organizations to use IT systems for the management and the safety of information. The main objective of this project is to implement a complete security assessment of the private hospital  «Elpis ». The firms which effectively allocate their resources for the better understanding of the risks they face, can more easily avoid unexpected situations and release resources in other directions and profitable activities (i.e. new investments), that otherwise would have potentially rejected as very dangerous. Therefore, the adoption of procedures that focus on Risk Analysis and Management can substantially help firms to prevent or control risky situations. Once, firms have identified an efficient way to measure the relationship between their risk and rewards they could significantly improve their current operations or find new profitable activities. This project investigates the risks related to the security of the hospital  «Elpis ». Specifically, it focuses on the hospital organization, the sources of operational risks and provides detail description of available technologies that can ensure the management and control of these risks. The hospital is located in Athens having two other subsidiaries called  «Mitera » in Chalkida. We know that the private hospitals interchange important medical information concerning their patients. The central IT department is established in Athens dealing with various services such as the patient registration data, patient diagnoses, management of medical information, other data saving, etc. On the other hand, the IT department in  «Mitera » hospital is obsolete with limited ability to send and receive large volume of data. Therefore, this project aims to investigate all the required procedures that can ensure the integrity and confidentiality of medical information transmission betw een the hospitals and the incessant operation of the IT services.  «Elpis » hospital is constituted by five departments: the Administrative Department, the Human Recourses Department, and Finance Department, the Secretariat-motion of Patient Department and the IT Department, while  «Mitera » hospital is organized into two departments, the Secretariat-motion of Patient Department and the IT Department. We analyse the IT department of  «Elpis » hospital which employs the head of the IT department, a network administrator, a medical software administrator, a database administrator and an information security administrator. Our analysis reveals some rules and practices that can ensure the information safety in the private hospital. Also, we have recognized significant sources of risk come from the outside environment and individuals that work in the hospital. The results of this report can be used in the improvement of medical information safety and the minimization of the possible risks. Next, we present the potential technological solutions that the hospital can adopt at a total financial cost of EURO 5000. They include the Intrusion Detection System (IDS), Antivirus, Spyware, Adware and firewall, Implementation of RAID 5, automatic fire detection mechanisms, emergency generator UPS, automatic Air conditioning control, User policy and Password policy. DETAILED ANALYSIS Description of the companys IT infrastructure In this section, we present organizational structure of  «Elpis » and  «Mitera » hospitals as well as their software part of their network. We continuous our analysis using the CRAMM methodology in order to uncover the threats and weaknesses of the IT departments. Finally, we present possible solutions that can face all these risks relevant with the operation of the IT department. The private hospital  «Elpis » is located in Athens at a building consist of 3 floors. In the first floor we find the hospitals administration and a computer room with the IT equipment. In the second floor is the pathological and chirurgical clinic, the secretariat of the clinics and the medical library. The third floor accommodates the cardiologic clinic, the secretariat of the clinic and the room of telemedicine. All the offices for each roof are connected to the same LAN. The organisational structure of private hospital  «Elpis » is constituted by five departments: The Administrative Department: has the total administrative responsibility of hospital. It applies the strategic decisions and rules which are taken through the administrative council. It aims in the appropriate allocation of responsibilities to employees and to provide the maximum good working environment. It has the responsibility for complaints and the implementation of regulation. The Human Recourses Department: Arrange for any matter relating to the official status of the hospital staff, as well as for the monitoring, organizing and control the personnel of all services of the hospital. The Finance Department: the care for the study of the economic needs of the hospital, and its contribution to preparing the budget of the hospital, making the expenditure, the liquidation of personnel acceptances and remaining compensations, procurement, management and storage of supplies and materials that needed to operate the hospital, the training of balance-sheet and assessment, the responsibility for the safeguarding of hospital fortune and the observation of economic statistical elements. The Secretariat-motion of Patient Department: arrange for any matter relating to the organization of secretarial support according with the decisions of management and other services at the hospital. It arranges the publication of tickets for admission of the sick, and compliance with waiting list admission. Also, it keeps detailed statistics of nursing movement and it grants certificates in the patients, afterwards the submission of relative application. The IT Department: has the responsibility for the organisation and operation of computerisation, processing and maintenance of computerized statistical data, providing and distribution of information in the services of hospital, in the Ministry of Health, Welfare and Social Welfare and in other relevant bodies and each other relevant work. It is responsible to research new technologies with aim to save money and increase productivity of the hospital. It provide technical support and training in the employees of hospital for each technology program that using. Also it is responsible for the security of IT programs and IT hardware. The IT infrastructure of hospital  «Elpis » consists of servers which running the medical application or others services and the ability to store all data, the network equipment (switches-Ethernet) which is used for connecting the computer room-servers and the personal computers of hospital staff and the firewall that is configured from the network administrator and monitor data traffic from the hospital on the Internet with specific criteria. In figure 1 presents the topology of the system. Hardware of Hospital Elpis: A Router (1 piece): The Router is a device which connects the workstation on the network of the hospital. The Router connects the local network of the hospital with the internet, using a leased line of 4 Mbps. Firewall (1 piece): The Firewall is a device or software that prevents access to or from a private network for which it was authorized. The Firewalls can also be applied to hardware and software, or a combination of both. It used to deter unauthorized Internet users from accessing private networks. Also firewall controls the movement of data for the region that is responsible. Switch (4 pieces): a hardware device and used to connect different components in the same network. The switches cutting useless Internet traffic and allow you an affordable high-performance network. The switch is can be used for splitting the physical LAN in two small LANs. In network of hospital this switch splits the physical LAN in two small LANs. A central switch is connected with three other switches which connect the workstations. While another switch connects the servers. Database Server (1 peace): Database Server is a device that used by one or more machines as their database. By using a database server users of the hospital have the ability to manage and organize medical data Web Server (1 peace): O web server is a computer, allowing other computers to access files that manage, using the HTTP protocol (Hyper Text Transfer Protocol). Please note that the basic web server administrator has the ultimate control of the server, unlike a simple user The Hospital uses Apache Server. Mail Server (1 peace): mail agent receives the e-mail from local users (incoming), and offered to surrender on outbound users. A computer dedicated to running such applications is also called a mail server. The transfer of medical results from the Mitera hospital to the hospital Elpis made via e-mails. Backup Server (1 peace): A Backup Server is a way to save your important medical files into one single compressed file. The best part of Backup Server is its affordable and you can transfer the compressed file onto another computer or hard drive. In addition, backup server has the possibility to administrate the tape backup machine. Tape Backup Machine (1 peace): Backup Machine provides the easiest way to backup your critical folders and files allowing access to local and network directories. The disk should be replaced at regular intervals and stored in a sheltered place. Workstastion PC (50): Each office holds, one or more desktop pc only for internal services access and development. Software of Hospital Elpis: Microsoft Exchange Server 2003 Windows XP Professional ORACLE 8 The  «Mitera » hospital has a Secretariat-motion of Patient Department, the Pathological clinic and the IT department. The medical information (patients data, patient diagnoses, etc.) is exchanged between hospitals with web-hosting or email. The communication as achieved with an ADSL 4 Mbps. The technical characteristics (see figure 2) of  «Mitera » hospital are the same with  «Elpis » hospital. Hardware of  «Mitera » Hospital: A Router (1 piece), Firewall (1 piece) Switch (4 pieces) Mail Server (1 peace) Web Server (1 peace) Storage Devices (1): are used to store the medical data. The storage devices are one of the most important components of the computer system. Workstation Pc (5) Staff Members of the group will undertake to conduct the risk analysis in Chalkis hospital. They should be trained in project risk analysis in order to fulfill their goal. Specifically, the team has the following members: Director Management: He has the overall responsibility for the project in order to succeed. He is responsible for proper organization of the team and ultimately responsible for assessing the risk analysis. Chief: He is responsible for organizing team members. Has the responsibility to evaluate the job each team member. He is responsible for implementing the risk management program. Manager system and informations: they have the responsible for the integrity and availability of systems and information Security Department: they have the responsible for security programs and to identify risks and their eliminate with using the risk analysis Security Practitioners: they have the responsible for the evaluation of security requirements for each IT systems. Risk Analysis In the previous section we described the organizational and informational structure of  «Elpis » and  «Mitera » hospitals. Now, we are describing the assets that are classified into three categories: a) software assets, b) hardware assets and c) data assets. A system can be characterized as reliable and safe when it is: a) confidential: provide access only to authorized persons. They have access to important information (medical information, personal patient data), b) availability: the service that the IT facilities provide should be incessant, c) integrity: the system should be ready at any time to provide reliably any information. Also, the information should not change by unauthorized persons. Data assets The hospital manages important medical information. Thus, the access to the internal network should not be free and the communication between the hospitals should be characterized by safety and reliability. The data assets of private hospital  «Elpis » can contain the following: Patient Records: patient personal data (patient medical history) Personnel Records: staff personal data Financial Records: financial data concerning both hospitals Statistics records: statistical data related to the number of surgeries, patient entrances, deaths, etc. In this project, we perform a risk analysis and management for two data assets, the patient files and the statistical data. Hardware assets In this category, it is classified the physical assets like the equipment facilities, buildings. We focus our analysis on hardware assets. Specifically, the hardware assets of  «Elpis » hospital can be the followings: Application server: It is the most important part of the system. The medical application is installed on the application server where the medical data processing is implemented. Moreover, other staff and financial application are installed on the application server. Database server: It makes possible to the different software to ask for information, update and delete data. Backup server: It provide access to different saved data in the system relevant to medical data, patient personal data, staff data, and other general hospital data Mail server: It facilitates the interchange of mails between the  «Elpis » hospital and the hospital in Chalkida. Also, we perform a risk analysis and management for the most important hardware assets: application server and database server. Software assets This category of applications contains software that the staff of hospital uses for data processing. The software assets of private hospital  «Elpis » can be divided into: Staff Software: They are applications that manage data of hospital staff. They permit new records, delete of records and modifications. Patient folders Software: These applications manage data relevant to the patients (personal data patient medical history). Data Statistical analysis Software: They are applications that process statistical data and help in the creation of annual reports DETERMINATION OF COUNTERMEASURES In the above section was realised the analysis for the threats and the vulnerabilities for each assets (figure 3) . In this section we analyze the countermeasures which should be taken for each threat. In addition, we proposed solutions and technical relatively with the physical and hardware section as well as the architectures and security policies. The countermeasures will be supposed in such degree in order that the hospital working in an error-tolerant. Each employee will have the appropriate privileges in system, in relation to the work which he performs. The password policy should be changed. Users must renew the password once a month and use string passwords. For devices that contain important medical information that password should be changed once a week and the rights of the user accounts to be examined by managers every two weeks. As a reference the user policy should describe the rules that will prevent the user from illegal operations (even if accidental) aiming at the confidentiality of data. The company should implement a backup policy in order to store important medical information (patient file) and data which associated with the company (any company, personal information). The backups are major because theres a danger of losing important data from the disaster of equipment or external threats or by human error (deliberate or accidental). The backup will be made every day and in time that the workload of the hospital is small. Also it should be created a monthly backup that will be stored in a separate location, in case where the initial copies have been destroyed by a natural disaster or damage of equipment or human error. The storage of data will be realised with technical of Raid 5 because the price of the disc is significantly reduced and the costs of implementation Raid 5 is now within most organisms budgets. A measure that must be taken is the installation of an emergency generator UPS which will ensure continuous operation of IT equipment even if creates problems at the central UPS. Also an emergency generator UPS should be connected with the cooling system of the computer room. In the computer room there is a simple cooling system which may not ensure the proper operation of IT systems. The most effective measure is the installation of an completed cooling system which will have automatic air conditioning control with aim to minimize the risk of a sudden increase in temperature. The confidentiality and the data integrity is an important part of the hospital. The installation of IDS device provides control of the network and intrusion detection that can come from either inside or outside of hospital and detect violations of security policies. An IDS has the ability to produce reports on the above events. In addition, a measure that must be taken is the installation of completed fire protection equipment in all spaces of the hospital (patient rooms, offices, computer room). The fire system will have the ability to detect smoke or fire and more generally the change in the temperature also in case of emergency the possibility of telephone connection with the local fire station and the police. The education and training of hospital members in safety, confidentiality and organisation issues should are realised each 2 months. Thus, hospital members acquire feeling of personal responsibility and dexterities. Finally, it should be installed Software applications which will protect the network of hospital from malicious programs. The installation of Antivirus Spyware program will take place in server with a view to automatically install and update the antivirus programs on each workstation. CONCLUSION The main objective of this report was to evaluate safety in private hospital Elpis with the method of risk analysis. The hospital has implemented some measures for the correct and safe operation of hardware and software but these measures do not cover many of the threats. The most important areas that should provide the hospital are the confidentiality, integrity and availability of data. These areas should be applied to a greater degree in the user policy and the security policy. Also, it should be implemented specific technologies which ensure in the hospital proper functioning. Access to sensitive patient information and medical research should be protected specifically by unauthorized persons. Finally, it suggested equipment to help in case of emergency.