The American Dream Of Homeownership - 1031 Words

For many years, the idea that ones’ home being the largest investment was said as a complete sentence when in fact, it was only an incomplete sentence. Any duly licensed financial planner would finish that sentence by saying all investments are subject to market conditions, the value that investment could increase or decrease and other similar cautionary statements that their attorneys wrote to protect them. The American public only heard that their home was the largest investment and had never experienced, nor had their parents seen the value of their personal homes drop like they did in the past few years. They had never experienced the financial pain and although only a few years have passed, many have forgotten and are ready to jump right back into homeownership. Why would these Boomerang Buyers want to jump back into homeownership and at what cost would they â€Å"buy† another home? It’s understood that the American Dream of homeownership runs deep in the American belief system. Even people who have experienced foreclosure in the past, still dream of owning another home of their own even BEFORE they move from the foreclosed home. Why is this so important to Americans? The answer is partly based on marketing and myths that have been around for many years. The ability for one to create a pathway back to homeownership is varied and like many things, has potholes along the road. From predatory lenders to landlords who participate in rent to own or owner financingShow MoreRelatedThe American Dream Of Homeownership956 Words   |  4 Pagesand approaches to buying real estate. The years preceding the market melt down, homeownerships were painted as an American dream in a hyped fashion instead of a responsible investment. The demand for homeownership and immediate profit drove up prices in an unhealthy rate, and fueled a competition among buyers to use real estate as a vehicle to make quick money. That silently destroyed the American dream of homeownership. The competition spread to financial institutions to creatively fit unqualifiedRead MoreThe American Dream Of Homeownership1031 Words   |  5 Pagesattorneys wrote to protect them. The American public only heard that their home was the largest investment and had never experienced, nor had their parents seen the value of their personal homes drop like they did in the past few years. They had never experienced the financial pain and although only a few years have passed, many have forgotten and are ready to jump right back into homeownership. Why would these Boomerang Buyers want to jump back into homeownership and at what cost would they â€Å"buy†Read MoreHomeownership Is The American Dream And The U.s. Department Of Veteran Affairs1072 Words   |  5 PagesHomeownership is the American dream and the U.S. Department of Veteran Affairs (VA) makes it possible for veterans, and eligible spouses who serve finance the purchase of their own homes. With the help of the VA, banks and other mortgagees are able to provide favorable home loans with a comparable lower interest rate, as well as, VA home loans zero down in Ocala, Florida. These loans are flexible and can be used to purchase your own home or to repair, build, adapt or retain your personal propertyRead MoreHomeownership Of The United States1070 Words   |  5 PagesHomeownership in the U.S. hit 63.4 percent in the second quarter of 2015, the lowest rate since 1967. This has many people worried and multiple industries pitching theories, hoping to make sense of the decline. Does the blame lie with the stringent requirements following the housing market crash? Are people still weary of the financial responsibility in a still uncertain American economy? Or are some critics right, is homeownership culture changing, are Americans giving up on the America Dream? StrictlyRead MoreThe Importance Of The American Dream918 Words   |  4 Pagesthere are some individuals who want the American dream, such as non-Americans. Even though immigrants essentially founded the American dream as the thirteen colonies expanded, current bans preventing entry from certain countries and regulations attempting to deport others seem to rip that dream out of their grasp. Contrary to popular beliefs, the American dream is not the white picket fence vision we were taught in high school history. Instead, the American dream is the desire to live comfortably withinRead MoreArgumentative Essay On The American Dream882 Words   |  4 PagesIt seems that over the decades, the â€Å"American Dream† has changed along with the generations who follow it. After the â€Å"Great Recession†, the housing crisis which triggered a financial crisis, and millennials have changed their point of view about homeownership. This change created another definition for the â⠂¬Å"American Dream†, because more opt out to rent versus buy, and some don’t bother with houses at all and prefer to live in apartments. This is all due to rising student debt, risks associated withRead MoreMartin Luther Kings View On Equality764 Words   |  4 Pagesequal rights based on race.King’s dream had been pushed to side to recently ,a lot of people would disagree but there is still huge problem to this very day.According to a poll collected by Sam Roberts a New York Times writer â€Å"Fewer than one in three black Americans and not even half of whites say the United States has made â€Å"a lot† of progress toward achieving racial equality in the half-century since the Rev. Dr. Martin Luther King Jr. declared he had â€Å"a dream† that one day freedom, justice andRead MoreThe American Dream859 Words   |  4 PagesThe concept of the ‘American Dream’ has changed dramatically over the past couple decades. Originally, the idea l American Dream consisted of marriage, children, a stable job with a high enough income to save and invest, and buying a house for the family. Subsequent of the Great Recession, buying a house is not as desirable or even feasible for the millennial generation. Millennials are interested in a different American Dream, focused on receiving an education and making enough money to pay the billsRead MoreForeclosure Crisis: A Time for Change1105 Words   |  5 Pageseconomic policies; the housing market was fed by the politicians instilling the thought that every person should be a homeowner. According to a speech by President William Clinton in 1995, he boasted about making homeownership a reality, â€Å"The goal of this strategy, to boost homeownership to 67.5 percent by the year 2000, which would take us to an all-time high†(Wooley). As a result of political ploys like this, banks and lending institutions came up with products such as the 107% financing, interestRead MoreThe American Dream: Freedom, Hard Work Guarantees Success and Less Racism868 Words   |  4 Pageswomen working in fields all day? Do families still have to witness an African American get up and move to the back of a bus for a Caucasian? No, that is not the case anymore. America is a better country now. In source E it says, â€Å"The chair in Washington sat had a sun, and the question was asked, is it rising or setting?† This quote questions whether or not America is falling apart or getting better. The American Dream is an ideal that has changed over time and is achievable because of freedom The American Dream Of Homeownership - 1031 Words For many years, the idea that ones’ home being the largest investment was said as a complete sentence when in fact, it was only an incomplete sentence. Any duly licensed financial planner would finish that sentence by saying all investments are subject to market conditions, the value that investment could increase or decrease and other similar cautionary statements that their attorneys wrote to protect them. The American public only heard that their home was the largest investment and had never experienced, nor had their parents seen the value of their personal homes drop like they did in the past few years. They had never experienced the financial pain and although only a few years have passed, many have forgotten and are ready to†¦show more content†¦While rent to own went widely unregulated on a national level for many years, Washington D.C. bureaucrats have created additional agencies with broad authority and additional oversight to protect consumers. The Cons umer Financial Protection Bureau, commonly referred to as the CFPB, has placed fear in some while others haven’t felt the wrath of this agency just yet. Their website is http://www.consumerfinance.gov/ . The CFPB deals with a much more than just foreclosures. In fact, they are defining what a qualified mortgage is and who should be considered a predatory lender. Many didn’t fear them at first but now, have stepped back and are examining their business practices and most expect changes in the coming days. Although The Dodd Frank Wall Street Reform and Consumer Protection Act was passed and signed into law in 2010, it only went into effect on January 10, 2014. It’s raised a number of compliance issued for those in the lending industry as well as landlords doing owner financing. The CFPB has issued the definition of Qualified Mortgage. This type of loan is what some will say lead to the housing bust we experienced over the past few years. Today, loans cannot be written that are interest only. Loan payments must include a principal payment along with the interest payment. Negative amortization, which allow your loanShow MoreRelatedThe American Dream Of Homeownership1031 Words   |  5 Pagesattorneys wrote to protect them. The American public only heard that their home was the largest investment and had never experienced, nor had their parents seen the value of their personal homes drop like they did in the past few years. They had never experienced the financial pain an d although only a few years have passed, many have forgotten and are ready to jump right back into homeownership. Why would these Boomerang Buyers want to jump back into homeownership and at what cost would they â€Å"buy†Read MoreThe American Dream Of Homeownership956 Words   |  4 Pagesand approaches to buying real estate. The years preceding the market melt down, homeownerships were painted as an American dream in a hyped fashion instead of a responsible investment. The demand for homeownership and immediate profit drove up prices in an unhealthy rate, and fueled a competition among buyers to use real estate as a vehicle to make quick money. That silently destroyed the American dream of homeownership. The competition spread to financial institutions to creatively fit unqualifiedRead MoreHomeownership Is The American Dream And The U.s. Department Of Veteran Affairs1072 Words   |  5 PagesHomeownership is the American dream and the U.S. Department of Veteran Affairs (VA) makes it possible for veterans, and eligible spouses who serve finance the purchase of their own homes. With the help of the VA, banks and other mortgagees are able to provide favorable home loans with a comparable lower interest rate, as well as, VA home loans zero down in Ocala, Florida. These loans are flexible and can be used t o purchase your own home or to repair, build, adapt or retain your personal propertyRead MoreHomeownership Of The United States1070 Words   |  5 PagesHomeownership in the U.S. hit 63.4 percent in the second quarter of 2015, the lowest rate since 1967. This has many people worried and multiple industries pitching theories, hoping to make sense of the decline. Does the blame lie with the stringent requirements following the housing market crash? Are people still weary of the financial responsibility in a still uncertain American economy? Or are some critics right, is homeownership culture changing, are Americans giving up on the America Dream? StrictlyRead MoreThe Importance Of The American Dream918 Words   |  4 Pagesthere are some individuals who want the American dream, such as non-Americans. Even though immigrants essentially founded the American dream as the thirteen colonies expanded, current bans preventing entry from certain countries and regulations attempting to deport others seem to rip that dream out of their grasp. Contrary to popular beliefs, the American dream is not the white picket fence vision we were taught in high school history. Instead, the American dream is the desire to live comfortably withinRead MoreArgumentative Essay On The American Dream882 Words   |  4 PagesIt seems that over the decades, the â€Å"American Dream† has changed along with the generations who follow it. After the â€Å"Great Recession†, the housing crisis which triggered a financial crisis, and millennials have changed their point of view about homeownership. This change created another definition for the â⠂¬Å"American Dream†, because more opt out to rent versus buy, and some don’t bother with houses at all and prefer to live in apartments. This is all due to rising student debt, risks associated withRead MoreMartin Luther Kings View On Equality764 Words   |  4 Pagesequal rights based on race.King’s dream had been pushed to side to recently ,a lot of people would disagree but there is still huge problem to this very day.According to a poll collected by Sam Roberts a New York Times writer â€Å"Fewer than one in three black Americans and not even half of whites say the United States has made â€Å"a lot† of progress toward achieving racial equality in the half-century since the Rev. Dr. Martin Luther King Jr. declared he had â€Å"a dream† that one day freedom, justice andRead MoreThe American Dream859 Words   |  4 PagesThe concept of the ‘American Dream’ has changed dramatically over the past couple decades. Originally, the idea l American Dream consisted of marriage, children, a stable job with a high enough income to save and invest, and buying a house for the family. Subsequent of the Great Recession, buying a house is not as desirable or even feasible for the millennial generation. Millennials are interested in a different American Dream, focused on receiving an education and making enough money to pay the billsRead MoreForeclosure Crisis: A Time for Change1105 Words   |  5 Pageseconomic policies; the housing market was fed by the politicians instilling the thought that every person should be a homeowner. According to a speech by President William Clinton in 1995, he boasted about making homeownership a reality, â€Å"The goal of this strategy, to boost homeownership to 67.5 percent by the year 2000, which would take us to an all-time high†(Wooley). As a result of political ploys like this, banks and lending institutions came up with products such as the 107% financing, interestRead MoreThe American Dream: Freedom, Hard Work Guarantees Success and Less Racism868 Words   |  4 Pageswomen working in fields all day? Do families still have to witness an African American get up and move to the back of a bus for a Caucasian? No, that is not the case anymore. America is a better country now. In source E it says, â€Å"The chair in Washington sat had a sun, and the question was asked, is it rising or setting?† This quote questions whether or not America is falling apart or getting better. The American Dream is an ideal that has changed over time and is achievable because of freedom

Energy Flow in Ecosystems

If there is only one thing you learn about ecosystems, it should be that all of the living residents of an ecosystem are dependent upon one another for their survival. But what does that dependence look like?   Each organism living in an ecosystem plays an important role in the flow of energy within the food web. The role of a bird is very different from that of a flower. But both are equally necessary to the overall survival of the ecosystem, and all of the other living creatures within it. Ecologists have defined three ways that living creatures use energy and interact with one another. Organisms are defined as producers, consumers, or decomposers. Here is a look at each of these roles and their place within an ecosystem. Producers The main role of producers is to capture the energy from the sun and convert it into food. Plants, algae, and some bacteria are producers. Using a process called photosynthesis, producers use the suns energy to turn water and carbon dioxide into food energy. They earn their name, because—unlike the other organisms in an ecosystem—they can actually produce their own food. Produces are the original source of all food within an ecosystem. In most ecosystems, the sun is the source of energy that producers use to create energy. But in a few rare cases—such as ecosystems found in rocks deep beneath the ground—bacterial producers can use the energy found in a gas called hydrogen sulfide, that is found within the environment, to create food even in the absence of sunlight! Consumers Most organisms in an ecosystem cannot make their own food. They depend upon other organisms to meet their food needs. They are called consumers—because that is what they do—consume. Consumers can be broken down into three classifications: herbivores, carnivores, and omnivores. Herbivores are consumers that only eat plants. Deer and caterpillars are herbivores found commonly in a number of environments.Carnivores are consumers that only eat other animals. Lions and spiders are examples of carnivores. There is a special category of carnivore called scavengers. Scavengers are animals that eat only dead animals. Catfish and vultures are examples of scavengers.Omnivores are consumers that eat both plants and animals depending upon the season and availability of food. Bears, most birds, and humans are omnivores. Decomposers Consumers and producers can live together nicely, but after some time, even the vultures and catfish would not be able to keep up with all of the dead bodies that would pile up of the years. Thats where decomposers come in. Decomposers are organisms that break down and feed off of the waste and dead organisms within an ecosystem. Decomposers are natures built-in recycling system. By breaking down materials—from dead trees to the waste from other animals, decomposers return nutrients to the soil and create another food source for herbivores and omnivores within the ecosystem. Mushrooms and bacteria are common decomposers. Every living creature in an ecosystem has a role to play. Without producers, consumers and decomposers would not survive because they would have no food to eat. Without consumers, the populations of producers and decomposers would grow out of control. And without decomposers, producers and consumers would soon become buried in their own waste. Classifying organisms by their role within an ecosystem helps ecologists understand how food and energy ebb and flows in the environment. This movement of energy is usually diagrammed using food chains or food webs. While a food chain shows one path along which energy can move through an ecosystem, food webs show all of the overlapping ways that organisms live with and depend upon one another. Energy Pyramids Energy pyramids are another tool that ecologists use to understand the role of organisms within an ecosystem and how much energy is available at each stage of a food web. Most of the energy in an ecosystem is available at the producer level. As you move up on the pyramid, the amount of available energy decreases significantly. In general, only about 10 percent of the available energy from one level of the energy pyramid transfers to the next level. the remaining 90 percent of energy is either utilized by the organisms within that level or lost to the environment as heat.   The energy pyramid shows how ecosystems naturally limit the number of each type of organism it can sustain. Organisms that occupy the top level of the pyramid—tertiary consumers—have the least amount of available energy. Therefore their numbers are limited by the number of producers within an ecosystem.

Unit One Business Administration Essay - 639 Words

purpose 1. Identify at least two reasons for producing documents that are fit for purpose. If the documents are incorrect in some way this can have adverse effect on a business and documents can make a significant contribution to the effectness and efficiency of the business. 2. Use the table below to describe some of the different types and styles of documents that are produced in a business environment, and then explain when these different options may be used. Documents When they are used Letters Letters are used to let customers know of changes or asking them to call if necessary Reports When a manager needs a detailed information on the business changes or statistics on†¦show more content†¦Why is this done? To make sure that the document is correct and there is no mistakes. 3. Explain the purpose of following confidentiality and data protection procedures when preparing documents. Because it is requested by law and would be good to the business practice. There`s a legal framework regulates the way that personal information is collected, stored, processed and distributed. Businesses creating and distributing documents rights, confidential information of the individuals must be respected. If the business didn’t they would lose their customers. 4. In business environments, there is often a requirement to use notes as the basis for text and documents. Compare the different types of documents that can be produced from notes and include a description of the format of each document. These would be minutes of meeting, letters and reports. Minutes of meetings have the agenda, who has attended, absences and apologises then there will be the content of what was said in the meeting. Letters they would be on letter headed paper with the customer and business addresses on the subject and the date the letter was written content and signature. Reports would have a front page, contents page and then the pages would have different headings on depending on what the report is about. Explain the procedures to beShow MoreRelatedBusiness Administration Level 2 Unit One Essay3503 Words   |  15 PagesUnit one: Principles of personal responsibilities and working in a business environment Assessment You should use this file to complete your Assessment. †¢ The first thing you need to do is save a copy of this document, either onto your computer or a disk †¢ Then work through your Assessment, remembering to save your work regularly †¢ When you’ve finished, print out a copy to keep for reference †¢ Then, go to www.vision2learn.com and send your completed Assessment to your tutor via your MyRead MoreUnit One: Principles of Personal Responsibilities and Working in a Business Environment, Business and Administration3054 Words   |  13 PagesUnit one: Principles of personal responsibilities and working in a business environment Assessment You should use this file to complete your Assessment. †¢ The first thing you need to do is save a copy of this document, either onto your computer or a disk †¢ Then work through your Assessment, remembering to save your work regularly †¢ When you’ve finished, print out a copy to keep for reference †¢ Then, go to www.vision2learn.com and send your completed Assessment to your tutor via your MyRead MoreBuisness and Administration Level21711 Words   |  7 PagesUnit Title: OCR unit number Sector unit number Level: Credit value: Guided learning hours: Unit expiry date: Principles of personal responsibilities and working in a business environment 201 TC2-1 2 4 32 31/12/2013 Unit purpose and aim This unit is about understanding employment rights; health, safety and security; how to work with others and how to manage and improve own work in a business environment. Learning Outcomes The Learner will: 1 Know the employment rights and responsibilitiesRead MoreNVQ Business studies1456 Words   |  6 Pagesï » ¿OCR Business and Administration NVQ (QCF) UNIT 203 Title Work in a business environment Level 2 Credit 2 1.1 Describe what is meant by diversity and why it should be valued? Diversity should be respected and valued, because nobody is completely the same as anyone else. It is everywhere in our lives which makes rich and varied. In our lives diversity can be defined as differences in heritage, race, beliefs, customs, mental capabilities, physical appearances etc. It should be valuedRead MoreHow Is The Establishment Of Innovation Procedure Done Case Study1484 Words   |  6 Pages How is the establishment of innovation procedure done? All through the vast majority of present day business history, organizations have endeavored to open an incentive by coordinating their structures to their systems. As large scale manufacturing grabbed hold in the nineteenth century, for example, organizations produced colossal economies of scale by bringing together key capacities like operations, deals, and back. A couple of decades later, as firms broadened offerings and moved into newRead MoreBusiness Administration Essay1690 Words   |  7 PagesAchieve Towards A Business Administration Major Every person has the power to achieve short term and long term goals. Without some type of roadmap, people may get lost or never reach their destination. Gathering Information and building a plan is key before starting a college major. College is to be admired and fun, but also challenging so that students may be better prepared for their future, both career and in life. First year students need every beneficial information possible before startingRead MoreSocial Welfare And Its Impact On Business Sector984 Words   |  4 Pagesincome (MR) is the adjustment altogether income because of a unit change in amount. So also minimal cost (MC) is the additional cost of producing a unit. These two ideas are extremely helpful in ideal designation of assets. Assets will mean all variables of creation utilized as a part of the generation process. Such assets are rare. So every firm will attempt to make ideal allotment of such rare assets to get most ideal result. A business is keep running with the essential goal of amplifying benefitRead MoreActive Directory Proposal757 Words   |  3 Pagesidentified a few problems and concerns with the design. The administration team is proposing a new Active Directory (AD) design that will address some if not all of the identified concerns. This document will detail those concerns, the proposal, and how the proposal addresses those concerns. Concerns Several concerns have been brought to the administration team regarding problems with the current design. Additionally, the administration team has analyzed these concerns and identified three primaryRead MorePart A. Question 1:. Concept Of Management Accounting:.1029 Words   |  5 Pages Part A Question 1: Concept of management accounting: â€Å"Management Accounting is the utilization of proper strategies and ideas in preparing chronicled and anticipated financial information of a substance to help administration in setting up arrangements for sensible monetary goals really taking shape of judicious choices with a view towards these destinations. Management accounting helps organizations to generate and preserve value: Management accounting provides information for three major purposesRead MoreThe Organization s General Techniques1609 Words   |  7 Pagesgeneral techniques. One other component is that the greater part of CRM system are actualized anticipated base on general specialized prerequisites center rather than business need center. As notice prior that CRM is key process that aides organizations in comprehension client needs. Along these lines, organizations can enhance their procedures to give these requirements to their client (Oracle, 2006). 2.4.3 Insufficient assistance from CRM sellers CRM sellers are the ones who give the new apparatuses

Business System Analysis

Question: Discuss about the Business System Analysis. Answer: Introduction Kinky Feet is a startup company which faced many problems when it was launched. The company used to take orders from the users but at the end moment, they could not deliver the product as they were using some old equipment which could not keep up with the production rate. Also there was a shortage of raw materials for which the company has always suffered. They used to take the same products every time. The company also suffered as they were not using any kind of information system for which it was quite difficult for them to maintain. The following report is about the business problems that are being faced by Kinky Feet within the organizations and indentifying the problems that the organization is facing from outside. Analyzing and identifying the problems There were many problems that Kinky Feet faced when it started as it was a new company so the pressure was on it makes a name for it. Initially, it launched a small range of shoes which proved to be a great success. The sales were limited as there were limited production of shoes and old manufacturing machines (Chui, Manyika Miremadi 2016). The problem is that the demand was much high than the supply. The orders that the company received was in an irregular way. During the peak seasons, they were flooded with demands which were not met easily due to the different requirements from the customers. The company wanted to install some new equipment in order to meet the requirements of the customers but the problem that the company faced with this notion was that there were cash flow problems due to which the company cannot afford to undertake some of the investments. Another problem that the company faced was due to the sales staff. Initially the sales staff was doing great as they were visiting every shoe retailers and meeting them. Due to this reason they were away from the workplace which often created a problem as they had no idea when they returned back from the meetings. As they had no idea what was going on with the production and the gradual rise in the popularity of the shoes, the sales team often made claims which later could not be fulfilled. Another problem is the lack of the Information System that is they had not installed the Microsoft Navision that includes CRM and SFA which are really useful for any small business. Another major problem that the company faced was the lack of money that they were not getting from the retailers due to which they were unable to pay it to their customers. They had a pending amount of $70000 which they would get from the retailers. Due to this, they are unable to install the information system in their company for which they are facing too many problems. Classification of problem The problems that have been identified above can be said to be as both hard and soft system problems. There are certain areas which fall under the hard systems and certain areas which fall under the soft systems. Hard system can be defined as the problem solving technique which requires system approach that is it can rectified using proper systems while on the other hand, soft system problems can be defined as an approach to the organizational process modeling which can be used for both general problem solving and change in management (World Economic Forum (WEF) 2011). The problems that the organization faced for the lack of equipments for which their production rate were quite less and could not meet the requirements of the customers and this falls under the hard systems (McNurlin, Sprague Bui 2009). This can be rectified using new and upgraded techniques which could prove to increase the production and company can fulfill the requirements of the users. Another is that CRM and SFA can be used to keep track of the stock levels, production schedules and also include the shipping and delivery dates. This could help them analyze the trends and requirements of different customers at different locations, The problems that the company are facing for the sales executive and not fulfilling the targets falls under soft systems which can be rectified using proper business models that will help the company to evaluate the existing problems. Business models help any company to outline the basic problems and help them work accordingly. Stakeholders and problem owners The problems with the stakeholders here the customers faced when the users placed some order but they did not get that within the time that they were ensured of or their orders would not be accepted. The later mainly happened when there was no raw materials are present for the company to manufacture more. Also the customers would get their products quite late as when the orders are at its peak, the production was not as high as the company has not installed any new machines due to which they could not meet the requirements of the customers. This automatically created a negative impression on the company as they are not able to fulfill the needs of the customers what they promised (Birch 2003). Also the company should try to make shoes with consistent production and also should make shoes which are quite different from the rest of the market. They should try to maintain the quality and quantity of their production. Another problem is that that the sales staff are facing is that the company is using one stock item number to define one style of shoes which means they had to manually write the colors and sizes that are required. This often created a problem as one retailer got all the orders for the black color which caused when a salesperson forgot to note down the order on what is required. Analyzing the Business Systems using different techniques Different techniques, models and tools that can be used to analyze the business systems are SWOT Analysis, Business Process Modeling, Use Case Modeling, Data Modeling and Requirement Analysis Modeling. SWOT Analysis: SWOT analysis stands for Strength, Weakness, Opportunities and Threats which is mainly used for the analysis techniques of a business in an enterprise level. SWOT analysis can be used as a standalone technique which is in itself is quite easy and straight forward but every dimension has its own set of techniques. Due to simple user interface and in depth analysis, SWOT analysis is used everywhere among the business (Calof, Richards Smith 2015). With the help of SWOT analysis, the company can easily get to find out the strengths, weakness, opportunities and threats and can take steps accordingly. SWOT analysis helps the company to understand more about the market and the necessary steps to be taken in order to fulfill the requirements. It can be used as a structured analysis to derive all the information that is required. Business Process Modeling: It a diagrammatic representation of the information workflow, processes and decisions for a business process. These are mainly represented with the help of Unified Modeling Language (UML) diagrams which uses the Object Oriented Analysis and Structured Analysis. It is the most widely used modeling technique among the businesses. It represents the data in a more logical way and steps how to execute it at different levels so that the business can run more efficiently. It also helps in giving visual representations for a large amount of information much faster than any traditional way (Laursen Thorlund 2016). Due to its diagrammatic representation, it also helps in breaking down any complex steps and helps them in explaining the sequences of the task. With the help of Business Model, companies can get a clear picture of the company and the short comings that it is facing. Business Model can be used as Structured Analysis as well as Object Oriented Analysis which can be beneficial for the company as it can help the company to understand more. Use Case Modeling: It is also an extension of the use of UML which helps in giving a clear picture of functioning of the systems and tells from the user perspective how it would perform on interaction. It also uses diagrams to explain every attributes and represent them more methodically. This is mainly used to show the relationship between the actors and interaction between the actors (Klinkenberg 2013). Due to its simplistic reason, it I widely accepted among the business analysts to analyze the problems. With the help of Use Case Model, the company can get to know about the interaction of the users as it defines the actors and the interactions of the actors with the system. It defines the interaction from the users perspective which can help the company to know more about their users and take steps according to it. Requirement Analysis: These are mainly used to determine the needs or conditions that are required to meet a new or altered product or project. It is used for the requirements for the various stakeholders so that they can analyze document, validation and managing software (Sharma, Mithas Kankanhalli 2014). It is very critical as it decides the success or failure of any system. With the help of requirement analysis, companies can get to know about the stocks available and also can check the delivery dates. This can be useful for analyzing the Stakeholder issues, Developer Issues and Attempted Solutions which can help them to maintain the required assessments. Rich Picture based on the analysis Rich picture provides a mechanism for the learning about the complex and ill-defined problems by drawing detailed representation on them. Based on the above analysis, the company faced many problems with the sales as there was no proper planning. The company used to get many orders but was not able to deliver them in time or worst some orders were never fulfilled. They used some old equipment which could not keep up with the growing demands as a result the production gradually fell. This mainly happened due to the fact that the company was out of raw materials (Holsapple, Lee-Post Pakath 2014). Also the sales executives who went on promoting the brand did not know about all this which in the end put the company in a bad impression for others. Also due to the lack of Information System that is CRM and SFA, the company was not able to keep a track of their materials and the delivery dates of the product. Another problem that it faced was of the stakeholders that are the users who kept on waiting for the product but never received it. Company faced problems from the retailers also as the company only used one code for all their all products which created lots of confusion among the retailers and they got same multiple products. The company also faced problems due to the irregular cash flow from the sales and the company was to get about $70000 from the sales which were pending. Due to this, the company was unable to pay the salaries to the employees. (Figure 1: Rich Picture for the Organization) (Source: Created by Author) Matrix of Method (Figure 2: Matrix of Method) (Source: Blum 1994) Problem Oriented- It gives the user a better understanding about the problems and the given proposed solution Production Oriented- Correct changes required to implement the specifications Conceptual- Represents the properties of the problems Formal- Actual implementation of the proposed solutions Problem-Oriented Product Oriented Conceptual 1. The company is facing shortage of raw materials due to which they are unable to supply the products or meet the user requirements but in spite of these problems they are accepting the orders and at the end they had to cancel it giving the users a negative impression over them. Another problem is that of the sales executive officer who went on promoting the products without knowing the status of the company. The solution could have been that they should try to get raw materials as much as they can and should always keep some in the reserve section for emergency purposes. The sales executives should be informed about the status so that they can sell their product accordingly. 2. Since the company is not using any Information System at the current time so it would be good if they did because with information system, they can keep track of their raw materials and expenses rather than manual entry. Also, there is a huge sum of money is pending from the sellers roughly around $70000 which is a bad thing as with this many employees are not getting their salaries. Formal 3. Microsoft Navision should be implemented as with the help of that application, they can easily get the information about their customer demands and also gives brief details about the products that they are using. All the records of the sales products should be maintained and money should be obtained from the sellers as soon as possible as the money that they will get will be used for various things that will be used for the betterment of the organization. 4. Using information system is very useful as with this they can understand the market and very well and get to know about their customer needs and also the sales that they are achieving and what they are lacking of also in this they can make better decisions with the help of this information system which will give them an upper hand over the other companies. Conclusion Information System is very much useful for any company as it can help a company to get a clear view of the market. Also using the business models can help them to understand the market and find any shortcomings that the company is facing presently. CRM and SFA could help the company to track the details and the necessary things that are needed. Also company should try to implement these in order to function more effectively. References Birch, D 2003 Corporate Social Responsibility: Some Key Theoretical Issues and Concepts for New Ways of Doing Business, Journal of New Business Ideas and Trends, vol. 1, no. 1, pp. 1-19. Available at https://ezproxy.lib.swin.edu.au/login?url=https://go.galegroup.com/ps/i.do?id=GALE%7CA238912955v=2.1u=swinburne1it=rp=AONEsw=w Blum, S., Woodfree Limited 1994,Method and product for treating waste paper material. U.S. Patent 5,360,512. Calof, J, Richards, G Smith, J 2015, "Foresight, Competitive Intelligence and Business Analytics Tools for Making Industrial Programmes More Efficient",Foresight-Russia, vol. 9, no. 1, pp. 68-81. Chui, M., Manyika, J. Miremadi, M 2016, Where machines could replace humansand where they cant (yet), McKinsey Quarterly, July 2016, viewed 24 February 2017 https://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/where-machines-could-replace-humans-and-where-they-cant-yet Daft, RL 2009, Organisation theory and design, 10th edn, Thomson South Western, Mason Ohio Holsapple, C., Lee-Post, A. Pakath, R 2014, A unified foundation for business analytics.Decision Support Systems,64, pp.130-141. Klinkenberg, R. ed., 2013.RapidMiner: Data mining use cases and business analytics applications. Chapman and Hall/CRC. Laursen, G.H. and Thorlund, J 2016,Business analytics for managers: Taking business intelligence beyond reporting. John Wiley Sons. McNurlin, BC, Sprague, JR. RH Bui, T 2009, Information systems management in practice, 8th edn, Pearson International edn, Pearson Education, Inc., Upper Saddle River, New Jersey Seddon, P.B., Constantinidis, D., Tamm, T. Dod, H 2016, How does business analytics contribute to business value?.Information Systems Journal. Sharma, R., Mithas, S. Kankanhalli, A 2014, Transforming decision-making processes: a research agenda for understanding the impact of business analytics on organisations.European Journal of Information Systems,23(4), pp.433-441. Shmueli, G., Patel, N.R. Bruce, P.C 2016,Data Mining for Business Analytics: Concepts, Techniques, and Applications with XLMiner. John Wiley Sons. World Economic Forum (WEF) 2011, Outlook on the Global Agenda 2012, viewed 4 January 2012 https://www3.weforum.org/docs/GAC11/WEF_GAC11_OutlookGlobalAgenda.pdf Business System Analysis Question: What is an example of big data either from your personal experience or outside research? How is it similar or different to the example in the case? Answer: Example of Big Data: Big Data is huge amounts of data that organizations in modern world need to collect, store and process for formulating strategies to fight its competitors. For example, Big Data is used in hotels for booking rooms and other services. They use this service in case of emergencies. Data is collected for booking the rooms at time if fight cancellation and bad weather. In this case when the hotels know that the flights are going to be cancelled they create a network chain in collaboration with the mobile operators and send the messages to travelers promoting their hotel. This is all done with the help of bug data. In this case data regarding the details of passenger, flight schedule, weather condition, passengers contact details, flights that are cancelled and the network providers are used to promote the hotel. The big music companies and organizations use big data for forecasting demand and planning the strategies accordingly (Kaisler et al. 2013). The example given is similar to the example given in case study. According to the case study big data is used for managing operations and marketing products. Same is the case with the example of hotel where big data is used to promote the rooms of hotel to people during the time of emergency. According to the case study the IT companies processes the big data and makes its usable for the corporate houses. Big datas are then converted into knowledge and information (Vis 2013). References Kaisler, S., Armour, F., Espinosa, J.A. and Money, W., 2013, January. Big data: issues and challenges moving forward. InSystem Sciences (HICSS), 2013 46th Hawaii International Conference on(pp. 995-1004). IEEE. Vis, F., 2013. A critical reflection on Big Data: Considering APIs, researchers and tools as data makers.First Monday,18(10).