Changing an Organization's Financial System
The main reason for changing the financial system was to ensure that the new system could easily be integrated with the other systems within the organization. The current system had created issues when there was an attempt to integrate it with the other systems. The lack of integration had also caused problems with data transfer and importation of data from other systems. Users had complained for a long time regarding the need for integration and this ensured that it would be easy for them to adapt to the new system. With proper buy-in from the users and the management the change was expected to run smoothly. However, it is always vital that the organization be prepared for any resistance from users due to the changes being implemented. Changes bring with them disruption and human beings tend to resist any change. The change being proposed might be beneficial for the whole organization, but some people feel like it will bring with it additional work or make their processes different. This is what causes differences and resistance. The company is an investment company, there was a need for the organization to streamline its operations and processes. By integrating the systems, the organization would be able to create cohesion between the data that is being shared within the organization.
Preparing for the new system begun with the employees undergoing a workshop to demonstrate how the new system will easily integrate with the other systems. Current users were also undertaken through training and the major processes for the new system. Employees were prepared early enough and they understood what the new system would offer (Arnold & Wade, 2015). With buy-in from the users and the management, preparation shifted to purchase of the requisite equipment (computers and servers). This was geared towards ensuring that the equipment...
3.2.3 Portfolio Diversification of Investment in Global Property Markets Because the global property markets are affected by globalization and specific country / regional factors, means that the overall amounts of risks will vary, the most notable include: transparency and efficiency. Where, each country / region has different on laws and regulations pertaining to the real estate markets. This means that the risks in a number of different markets will depend upon
Com and their continual stream of new updates on key applications. This will be handled by the it teams and the users of the system do not need to have visibility into the details of this. When major new features are being introduced by Salesforce.com then formal application training will be completed to introduce features to the users quickly. Support internally will be handled by the it help Desk which
Team members should communicate all relevant information to the Project Managers for the University of Arizona Medical Center and the CRM vendor chosen for the project. Issues and risks should be communicated in writing via the Issues/Risk Log or email to the Project Manager. If the issue/risk is urgent, immediate verbal communication of the issue/risk to the Project Manager is recommended. Once the issue is stabilized, written documentation will be developed
While this strategy is effective in some situations, the use of bond markets by an investor requires the development of an effective strategy that will help him/her to achieve a specific financial objective. For an investor seeking to maximize the profit-generating aspects of bonds, the most effective strategy is a passive buy-and-hold bond strategy. As the name suggests, it involves buying individual bonds and holding them until maturity. The
Financial Proposal: Dorchester, Ltd. As discussed in earlier papers, for Dorchester, the final decision as to which particular nation to invest in is dependent on a range of distinct scenarios; these factors naturally impact the selected acquisition target. Before the acquisition target is selected, the nation which houses the potential acquisition target needs to be scrutinized closely. For instance, the trade environment of the nation where the prospective acquisition is located
The decision of investing or not here then depends on the personal adversity to risk of each individual investor. The general theory states that each investor should construct a diversified portfolio, which adequately balances high risk-high gain shares with medium or even low rates of risk and gains (Hagin, 2004). New Zealand could then be assimilated with a medium risk-medium gain share, and as such would be perceived as
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