The Impact Of Globalization On The Economy Free Essay Example, 1500 words

Globalization has helped the realization of the world economy characterized with various features although some factors are not exclusive; they are not present in every country on the globe. To help in gaining more understanding of globalization and the world economy, it is paramount to consider the case of Japan and the US economies. There is a considerably stable status of the world economy, with some economies such as Japan and US indicating an upward progression over the recent years time. More specifically America has registered a healthy economic growth rated at 3.5% in 2005 and 5% in 2006 s first quarter of the year. However, the healthy economic growth was hard to be sustained following the consistent increase in oil prices globally as well as the extensive Katrina s hurricane devastation. However, the US government adopted immediate fiscal and monetary policies which had effective responses. The adopted measures helped in regaining the economic stability of the US. The econ omy of Japan receives a substantial economic boost registering phenomenal progression rates following the country's continued trading with China. The continent of Europe has also indicated a marginal growth in the recent past. We will write a custom essay sample on The Impact Of Globalization On The Economy or any topic specifically for you Only $17.96 $11.86/pageorder now Several European Union countries have recorded unexpected growth rates economically. The establishment of the key free trade consensus including the "North American Free Trade Agreement (NAFTA)" as well as South Asian Free Trade Agreement (SAFTA) in an effort of boosting globally exercised trade. The concept of global "dollarization" of currencies has assisted economies of the world to measure their respective currencies against America's dollar. Consequently, currencies dollarization has led to the reduction in the independence of the fiscal and monetary policies used in respective economies. Recently, China adopted a key monetary reform while pegging the Yuan or Renminbi to a collection of currencies. Additionally, the Indian Rupee indicates positive signs of strengthening against US dollar. There are other global currencies which have indicated stability for the past several years. Such currencies include Euro and Yen.

Problem with Weapons of Mass Destruction

Problem with Weapons of Mass Destruction Until the First World War, the kinds of weapons used in battles had limited potential to destroy life and property on a large scale. But with the invention of the nuclear bomb, the scenario changed drastically. The whole world was stunned by the devastation that two solitary bombs dropped on Hiroshima and Nagasaki could create. No other manmade device could unleash the amount of damage as the nuclear bomb. Although the United States could put an end to the Second World War with these bombs, it opened up the world to a new set of intriguing and frightening possibilities. As long as this kind of destructive power is in the hands of a responsible nation, things could be fine. But if we try to imagine what could happen if someone like Hitler had access to this kind of power, then the real gravity of the situation would become clear. Even this millennium has had its share of crackpots like Saddam Hussein and Osama bin Laden. If they had access to this kind of technology, the world would be in constant danger. We know how much damage terrorists can cause with conventional bombs. Just imagine the situation when weapons of mass destruction get into the hands of these deranged individuals it could be a catastrophic situation. The world has seen a number of dictators and tyrants who have caused misery and anguish to people under their rule. Time and again, men and women with deranged minds have come to power and caused untold damage to the lives of innocent people. We need to find ways to prevent the weapons of mass destruction from getting into their hands.

Cover Letter for Front Desk Position Free Essays

Dear XXX, I would like to express my interest in the summer front desk internship offered by (Company Name) This internship would allow me to gain knowledge and experience in the hospitality industry and apply what I have learned throughout my collegiate education. Hopefully the internship would lead to a career opportunity as well.I will be graduating May 2006 from the University of Florida with a Bachelor’s of Science Degree in Management with a Minor in Entrepreneurship. We will write a custom essay sample on Cover Letter for Front Desk Position or any similar topic only for you Order Now This position is a one that I believe I would excel at. Not only am I self motivated and eager to succeed, but I also work well in groups and have effective communication skills. This was noted in my Organizational Structures and Behavior Management course when I was awarded for outstanding group presentation. This enthusiasm for success and team player attitude will allow me to constantly strive to work with others to better serve customers and complete daily tasks during the front desk internship. Past experience in the retail industry as a sales associate at Academy Sports and Outdoors has also equipped me with quality customer service skills that can also be applied to the front desk internship. I am an excellent listener and problem solver, which enables me to adapt to changing and challenging situations.My organizational skills also allow me to multitask and manage my time effectively when performing daily tasks and meeting deadlines. I hope that you will consider me for the summer front desk internship. My skills and capabilities acquired in previous work experiences and education would benefit both you and me if I gained this internship. Enclosed is a copy of my resume for you review. I would appreciate the opportunity and look forward to hearing from you. Sincerely, (Your Name) Enclosure How to cite Cover Letter for Front Desk Position, Papers

IT for Business Strategy Organization

Question: Discuss about the IT for Business Strategy Organization. Answer: Introduction: The actual role of information technology is to provide the quality to the healthcare of the patients, which is growing rapidly over the years. Information technology is penetrating into the healthcare industry increasingly. Due to this, patients and physicians are facing the advantages of on-demand access to medical information how, when and wherever it is needed. The IT strategy practice facilitates the information flow within the healthcare organization (Anthony et al., 2013). It is making this healthcare organization as a quality differentiator among other healthcare providers. Traditionally, it was observed that, the investment of IT into the healthcare sector used to be low than other service sectors. This results into a number of issues for the healthcare providers. The issues are appearing from all aspects. The system is in a need of modernization with help of software systems to share the data. Without help in expansion of growth, the infrastructures of the health organizati ons are hindering the situation. The programs are not aligned with clinical workflows optimally. Older IT systems are struggling rapidly to provide an integrated information flow with the evolving expectation of improved healthcare systems (Devaraj et al., 2013). This health care system is designed around provider needs rather than around patients needs. In this way, both the medical staffs and patients are rapidly experiencing advanced health care technology, which is above their expectations. Impact of IT in healthcare: Information technology is applied in healthcare systems in different aspects. These are described below: Equipment: IT has various impacts in the equipments required for healthcare. Major of the healthcare equipments are controlled through the monitor. Electronic medical reports are generated due to IT in healthcare. This helps the physician to keep the record of accomplishment of the medical history of the patient for diagnosis and treatment. All the developed countries have adopted this modernization (Yeow Huat Goh, 2015). This adoption will be improved more in the future. Due to the revolutionary change in the IT healthcare, a doctor from thousands miles away can assess, treat and diagnose a patient. Due to this system, millions of people are able to get this medical facility in the world. It also covers the people in the remote areas. It also provides quality healthcare in reasonable price (Cresswell Sheikh, 2013). Costs: The research has shown that 30% of the 1.2 trillion spent on healthcare is due to clinical inefficiency and GA costs (Kellermann Jones, 2013). The IT is lowering down the costs substantially by streamlining and streamlining back office administrative processes of providers and plans (Turan Palvia, 2014). Due to this, the patient will frequently send the medical information rather than hospital visit. Saliva and blood analyzers will be available in the community, which will cut down the office visit. Planning: Now days, any planning of launching new treatment or equipment is announcing through internet. IT is saving the time of application (Smith Koppel, 2014). IT is helping the healthcare system in managing the plans, announcing the upcoming plans. Usage of IT in healthcare: IT is affecting the healthcare industry both internally and externally. Internally, the employees and staffs are benefited from this. The staffs including physicians and nurses can record the data in their software, immediately after diagnosis. This will help them to upgrade the medical condition in the future. The nurses also can monitor the physical condition of the patients with the help of IT integrated tools (Bardhan Thouin, 2013). Externally patients and other medical suppliers are also benefited from this. Patients are informed with their medical reports after staying in home. Due to various IT healthcare tools, the patients can do the needful tests, which should be done for diagnosis. Due to the advanced IT, the medical suppliers and other staffs also help in this medical industry (Yeow Huat Goh, 2015). The medical suppliers give the information about latest updates in the IT healthcare to the physicians and get their opinion. Advantage benefits: Healthcare IT offers advantages in many levels. They are given below: Reduced paperwork: Electronic healthcare record is such a record, where all the medical information of the patient will be stored in an IT device, like tablet, laptop etc. Traditionally, the data were recorded manually in the paper, which gives rise to lots of errors while evaluating (Cresswell et al., 2013). However, due to this device, the records will be updated in the device. Thus, the paperwork is reduced. Reduced Malpractice Claims: Research shows that due to the advanced IT healthcare system, the number of malpractice claims have fallen from 49 to 2 in the medical practices (Lee et al., 2015). Rapid results: Before, the lab technician used to get the samples of the patient In general conventional method. It used to take a long time to process the result and to present in front of the doctor (Kellermann Jones, 2013). However, with the help of this electronic data transfer, the technician gets the data within a fraction of second and they can send the results much faster than before. Sensors and Wearable technology: As per the transparency in Market Research report, the market of medical tools is increasing at the rate of 16.4 percent a year. These sensors and wearable medical tools help to get the medical data, which is the aim and actual purpose in healthcare. An example of this type of sensor is a bandage, which can inform about the infection in the wound through changing in skin pH level (Park, 2013). An older patient can send alert to the care provider with the help of this sensor within a fraction of second. There are many wearable tech products, which utilize multiple digital health sensors. These sensors are composed of ambient sensors and other body worn sensors, which are integrated into sensor networks. A smart sensible chip is inserted in these devices. Therefore, the healthcare people get to know about medical information with these data points. The main target of the wearable technology in healthcare is to make profitable and big market by 2020. Rapid turnaround: An auditing of a patient used to take 3.9 hours in paper auditing system previously. Due to this healthcare IT system, this number has reduced to 1.4 hours (Cresswell Sheikh, 2013). Time saving: According to the research, 82% healthcare professionals are agreed with the fact that electronic health records reduce efforts and save the time (Reis et al., 2013). Risk factors: After all the IT healthcare completely depends upon IT. Due to this reason, IT hazards come out from these systems (Bardhan Thouin, 2013). Certain hazards are described below: Alarm hazards: Alarm hazards are creating problem for the admitted patients in the hospitals. Due to the alarm hazards, the alarm is ringing at any time in the day (Kohli et al., 2012). This is putting both the patient and the clinical staffs in the danger. The emergency value of a patient is being minimized because of this hazard. Errors in Data entry: Sometimes business associate and clinical staffs are entering wrong data of the patients into the devices. This is putting the patient in the danger (Grande, 2014). Because of this wrong information, the patients are getting wrong treatment, which is a disaster in the medical industry. Complications in robotic surgery: Now days maximum surgeries are done through robotic method. It is completely IT involved. So many accidents can occur at mid of the surgery (Wachter, 2012). It put the life of the patient in danger. Due to lack of proper training or system hazards, these types of accidents occur. Recommendation: Like any other innovations, the introduction of IT in the healthcare has both advantages and disadvantages. The healthcare community is affected from both the ways (Cresswell Sheikh, 2013).The researchers are focusing on minimizing these hazards. The devices cannot be operated automatically. It needs the human force to drive. Therefore, the manual operator has to be very much careful about the devices. The devices have to complexity free (Yeow Huat Goh, 2015). It will help both the physicians and technicians to understand the operating system of the devices. For example, the robotic surgery hazards can be minimized with proper training. Other recommendation will be proper training to the users. Conclusion: While everyone knows about the impact of the information technology in the healthcare, but still the aim of the complexity management is not achieved through implementing the health care information only. Other managerial and clinical interventions need to accompany the deployment of this technology. Operational and clinical processes must be standardized and re-engineered in such away, that that the activities, which can make the things more complex, will be erased. Certain reward systems like reimbursement reform are necessary that will provide the revenue and incentives to offset the costs of re-engineering and technology. Finally, the leaders must guide and motivate the efforts to modify the functions of the organizations. In health care systems, the complexity should be managed to effect material improvement. Information technology is a crucial contributor in this management. References: Anthony, D., Campbell, A. T., Candon, T., Gettinger, A., Kotz, D., Marsch, L. A., ... Johnson, M. E. (2013). Securing information technology in healthcare.IEEE security privacy,11(6), 25. Bardhan, I. R., Thouin, M. F. (2013). Health information technology and its impact on the quality and cost of healthcare delivery.Decision Support Systems,55(2), 438-449. Cresswell, K. M., Bates, D. W., Sheikh, A. (2013). Ten key considerations for the successful implementation and adoption of large-scale health information technology.Journal of the American Medical Informatics Association,20(e1), e9-e13. Cresswell, K., Sheikh, A. (2013). Organizational issues in the implementation and adoption of health information technology innovations: an interpretative review.International journal of medical informatics,82(5), e73-e86. Devaraj, S., Ow, T. T., Kohli, R. (2013). Examining the impact of information technology and patient flow on healthcare performance: A Theory of Swift and Even Flow (TSEF) perspective.Journal of Operations Management,31(4), 181-192. Grande, E. (2014). Information Technology and Home Healthcare: The New Frontier in Home Care.Home Healthcare Now,32(3), 194-195. Kellermann, A. L., Jones, S. S. (2013). What it will take to achieve the as-yet-unfulfilled promises of health information technology.Health Affairs,32(1), 63-68. Kohli, R., Devaraj, S., Ow, T. T. (2012). Does information technology investment influence a firm's market value? A case of non-publicly traded healthcare firms.MIS Quarterly,36(4), 1145-1163. Lee, T., Adnan, M., Bajwa, W., Ball, M. J., Ballen, S., Baur, C., ... Deering, M. J. (2015).Information Technology for Patient Empowerment in Healthcare. Walter de Gruyter GmbH Co KG. Reis, S., Visser, A., Frankel, R. (2013). Health information and communication technology in healthcare communication: The good, the bad, and the transformative.Patient education and counseling,93(3), 359-362. Smith, S. W., Koppel, R. (2014). Healthcare information technology's relativity problems: a typology of how patients' physical reality, clinicians' mental models, and healthcare information technology differ.Journal of the American Medical Informatics Association,21(1), 117-131. Turan, A. H., Palvia, P. C. (2014). Critical information technology issues in Turkish healthcare.Information Management,51(1), 57-68. Wachter, R. M. (2012).Understanding patient safety. McGraw Hill Medical. Yeow, A., Huat Goh, K. (2015). Work harder or work smarter? Information technology and resource allocation in healthcare processes.Mis Quarterly,39(4).