• Explain economic principles and their applications in the real world.
  • Summarize the different types of market structures and the role of government in economics.

 

In the workplace, we are often asked to create “briefs.” A brief provides a snapshot, or short, written summary, of a situation or event that has occurred. It is generally just a few pages long and may include additional visuals like a graph, chart, or table. In this assignment, write a brief about economic concepts in an industry that interests you.

 

 

 

I have selected from NAICS Search Retail Trade is 448   Clothing and Clothing Accessories Stores

 

 

Instructions

 

Review your previous chapter readings and use the resource above to develop an economic brief that is two to three (2-3) pages long in which you:

 

  1. Select an industry and describe the goods and/or services this industry produces. Use the NAICS resource above to help you select an industry (and/or subsector) for your brief. 
  2. Identify this industry’s market structure and at least two or more market characteristics that support this market structure. (Market structures are covered in Weeks 3 and 4.) 
  3. Describe any notable microeconomic relationships, market outcomes, and/or trends in this industry. Include a graph, chart, or table containing related data. (Microeconomic relationships and market outcomes are covered in Weeks 2 through 4.) 
  4. How might government impact this industry’s market prices, output, and/or market structure? (Government intervention through price controls, industry regulations, and antitrust enforcement .
    • Your brief should include a cover page. 
    • Your brief should be two to three (2-3) pages in length (not including the cover page), double-spaced, 12-point font.
    • Your brief should include a minimum of one (1) reference/citation in the text.

Task

 

In topics 1 & 2 you have been introduced to various project methodologies and processes. In 700 words, demonstrate your knowledge of these.

Ensure you address the following areas:
1.Define what a methodology is and the role it serves in project management.
2.Familiarise yourselves with the various methodologies & processes in the list below. Choose two methodologies / processes from this list to compare and contrast, analysing the similarities and differences between them both.
3.Finally, identify how your chosen methodologies / processes relate to the project life cycle (PLC):

 

List of project methodologies and processes

•Project Management Body of Knowledge (PMBOK)
•PRINCE2
•SDLC
•Waterfall
•Agile

 
 
 

 

Using a web browser, perform some research on a newer malware variant that has been reported by a major malware containment vendor. Using a search engine go to the vendor’s website;this could be Symantec, McAfee, or any of their competitors. Visit one malware prevention software vendor. Search for the newest malware variants and pick one. Note its name and try to understand how it works. Now look for information about that same malware from at least one other vendor. Were you able to see this malware at both vendors? If so, are there any differences in how they are reported between the two vendors?

Imagine you are creating a new and innovative technology company. In this assignment, consider the culture, management, and leadership of your organization. Remember that your company should be a place that people want to work.

 

Write a 4 page paper in which you:

 

  1. Describe the characteristics of the people you would want working at your company, in relation to the culture you are trying to cultivate.
  2. Identify two (2) leadership qualities you would look for in employees. What does their background and previous experience look like?
  3. Discuss your company’s organizational culture. What are the ways you can help ensure that the company’s culture fosters creativity and innovation among employees?

As an IT analyst for BallotOnline, a company providing voting solutions to a global client base, you are working to convince the organization to move its infrastructure to a public cloud. With the growth the company is experiencing and the internal data centers maxed out, you want to get the executives on board with moving to a public cloud rather than trying to expand the current infrastructure.

 

This project will be completed in a series of steps, in which you will explore cloud technologies and cloud architecture and how they can be used in the organization.

 

Your presentation with audio narration will educate the executives on cloud computing and its benefits (and drawbacks) to the company. To complete your analysis, you will need to cover the following:

 

  • description of cloud computing
  • basic capabilities of the cloud
  • advantages and disadvantages of cloud computing
  • analysis of economic implications
  • IT business needs
  • SWOT analysis

 

 

 

Step 1: Describe Cloud Computing

 

There are six steps in this project. In your final narrated PowerPoint presentation, you will be assessed on your ability to convey your understanding of cloud computing and how it can be used to benefit your organization, explaining the advantages and disadvantages of cloud computing and providing a detailed business analysis covering financial considerations, business requirements, and an analysis of threats and opportunities.

 

 Your supervisor, Sophia, BallotOnline’s director of information technology, has tasked you with creating a presentation that will convince the executives that using cloud-based computing to accommodate BallotOnline’s future growth rather than trying to expand the current infrastructure will help the company do business faster and at lower cost while conserving IT resources. 

 

 

 

 

 

Step 2: Research Advantages and Disadvantages of Cloud Computing

 

Now that you have defined important terms and summarized the basic capabilities of the cloud, it is time to explore the advantages and disadvantages of cloud computing.

 

Currently, BallotOnline is running at full capacity and needs to expand its IT infrastructure to accommodate its growing needs. Instead of expanding current on-premise IT infrastructure by building or acquiring a new data center, Sophia has suggested that the cloud may be more efficient and cost-effective than adding more traditional physical data center space.

 

This information that you research will be useful in your final presentation in the last step.

 

When you have completed the research, move to the next step, where you will consider the budgetary aspects of a move to the cloud and the implications for the organization.

 

 

 

 

 

Step 3: Analyze Economic Implications

 

Now that you have weighed the benefits and drawbacks of cloud computing, it’s time to take a close look at the economic implications of a move to the cloud. All organizations (for-profit, nonprofit, or government) have finite budgets. Management must allocate these financial assets appropriately so that the leaders can make sound business decisions and meet the objectives of the organization.

 

Information technology (IT) is a key strategic function to help support the objectives of an organization. Businesses first used information systems to replace paper-based methods of helping management perform these functions, and that use continues today. Managers must be able to understand different IT models to make the best financial investment decisions for the organization.

 

The financial requirements for the cloud computing model are different than the financial requirements for an on-premise model. Cloud computing shifts budgets to a pure operating expense model, whereas the traditional on-premise computing model requires both capital and operating expense allocations.

 

Several free calculators to help estimate the cost of cloud services exist on the web, including the AWS Total Cost of Ownership (TCO) Calculator and Azure TCO Calculator. Alternatively, you may find other calculators to estimate your cloud cost. Most cloud providers have their own cloud cost estimator tools. If the calculator that you selected does not show on-premise data, then you can recalculate using one of the other calculators that do provide this data.

 

For your economic analysis, enter the information from BallotOnline’s IT Budget and Infrastructure Summary into your chosen calculator to estimate TCO for the current physical IT infrastructure configuration. Then estimate TCO for a comparable configuration in the cloud to estimate the potential cost savings.

 

Write the summary of the economic implications, showing the savings and how you arrived at them, and upload it to the dropbox below.

 

 

 

 

 

Step 4: Define the IT Business Requirements

 

After considering the economic aspects of the cloud, the next logical step is to narrow the particular requirements of cloud computing for the organization. It is important that your presentation works toward building a business case for cloud computing.

 

Your presentation must address BallotOnline’s business requirementsand critical IT requirements related to data storage. Make sure you classify the requirements into functional (behavior) and nonfunctional, as per the requirements definition link.

 

Take Note

 

The business requirements should be explicit directives specifying what the solution should deliver for the business, formulated using imperative language (system should, or must, or will do this and that) rather than a general description of cloud solution features.

 

Upload your list of requirements to the dropbox below for feedback.

 

Submission for Project 1: IT Business Requirements

 

 

 

Take Note

 

What is a SWOT Analysis?

 

Your supervisor, Sophia, recommends that you include a SWOT analysis in your presentation, since the BallotOnline company executives will want you to go over both the advantages and disadvantages of cloud adoption and any important internal and external factors that may influence the success of the project.

 

Action Item

 

Demonstrate your critical-thinking abilities by identifying the strengths, weaknesses, opportunities, and threats of adopting cloud computing.

 

First, articulate each of these areas for the SWOT analysis:

 

  1. Identify the key strengths (advantages) of adopting cloud computing.
  2. Identify the major weaknesses (disadvantages) of adopting cloud computing.
  3. Are there any opportunities that cloud computing enables the organization to take advantage of?
  4. What are the threats that an organization considering adopting cloud computing needs to consider?

 

Next, evaluate how to achieve the following outcomes to add to the SWOT analysis:

 

  1. How can you use strengths to take advantage of opportunities?
  2. How can you overcome weaknesses to take advantage of opportunities?
  3. How can you use strengths to avoid threats?
  4. How can you minimize weaknesses and avoid threats?

 

Use the SWOT analysis template to organize your ideas.

 

When you have completed the SWOT analysis, move to the last step, which is the final presentation.
 

 

 

 

Step 6: Prepare a Presentation on Benefits and Possible Drawbacks of Adopting Cloud Infrastructure

 

In this step, you will prepare your presentation for the BallotOnline executives. This presentation should present them with a compelling business case and cover the benefits and possible drawbacks of adopting cloud infrastructure, data on cloud economics, and a demo of some basic cloud capabilities.

 

Take Note

 

These asynchronous presentations must include an audio narrative.

 

Your presentation will include an executive summary along with the following from previous steps:

 

  • Overview of cloud computing
    • summary of service and deployment models
    • summary of cloud compute and storage infrastructure components
    • advantages and disadvantages
  • economic analysis
  • IT business requirements (provide a concise description of what each bullet should ensure)
  • SWOT analysis

 

When you are ready to submit the assignment for grading, upload your narrated presentation to the dropbox below.

 

Submission for Project 1: Final Presentation

 

Previous submissions: viewAdd files or drag them here.Submit

Section B: Case Study

 

Directions:

 

1. Read the case study:

 

2. Carefully analyze the events in the case study as you read.

 

3. Answer the questions related to the case study.

 

Debra Pennington, principal of Weldon Elementary School, faced a tearful and very upset teacher. When second-grade teacher Nancy Musick told Ms. Pennington last week that she would be out for several weeks, beginning a chemotherapy regime for breast cancer, Nancy had assumed that the conversation would be confidential. However, yesterday afternoon at the local Kroger Superstore, another Weldon Elementary School teacher, Paula Carter, shared her concerns about Nancy’s health and wished her a full recovery. Since Nancy had told only one person, her principal, about her medical condition, she knew that Debra had not kept their conversation private.

 

Indeed, Debra had discussed Nancy’s cancer diagnosis and treatment with two other second-grade teachers soon after Nancy left her office last Wednesday afternoon. They had considered plans for a substitute teacher to teach in Nancy’s absence and whether to tell the second graders about the seriousness of Nancy’s illness.

 

Now Nancy is very upset, charging Debra with betraying a confidence. “If I had wanted the entire school to know, I would have told them myself. I trusted you to help me, and you let me down.”

 

DISCUSSION QUESTIONS

 

1. Can you justify the actions of the principal in case 2? Why or why not?

 

2. How you would handle this conference if you were the principal.

 

3. Develop your personal code of ethics to use in professional situations. Make sure that they align to the Texas Code of Ethics for Educators

 

4. Would your professional code of ethics differ from your personal code of ethics for your personal life? If so, in what ways? If not, why?

Select two of the scenarios listed below and explain the best solution for each. Include comments related to any ethical issues that arise. Support your responses with appropriate cases, laws and other relevant examples by using at least one scholarly source from the SUO Library in addition to your textbook for each scenario.

 

 

 

Scenario I – Business Organizations

 

Yolanda, Ginny, and Sara met while working for the Campus Subs in Knoxville, Tennessee. Yolanda was attending college to earn a business degree in hospitality. Ginny was attending culinary school to become a chef, and Sara was a recent graduate in sales and marketing. The three ladies decided to open their own soup and sandwich restaurant on wheels, also known as a food truck. They planned to start small with one truck but had big dreams to own a whole fleet of trucks that served a variety of foods.

 

 

 

Yolanda took a business law class and remembers there are several forms for organizing businesses. The ladies have come to you for advice about the various forms of business organizations.

 

 

 

Evaluate three forms of business organizations including advantages and disadvantages related to the business the ladies plan to operate. At least one of the options must be the LLC or LLP.

 

Select a business form for the friends and defend your choice.

 

Explain the requirements for starting that form of business in your state.

 

 

 

Scenario 2—LLC Liability

 

Plaintiffs Karl and Ginny Drake were injured by lead paint while living in a house owned by Riverwood Homes, LLC.  The plaintiffs sued Bill Ding, a member of the LLC at the time it owned the property, alleging that he was liable for their injuries.  Ding had limited involvement with the property.  He has never visited the property, and neither he nor the LLC was aware that the plaintiffs were occupying the property until after the LLC acquired it.  Once they realized this fact, they took legal action to have the plaintiffs removed.  The applicable housing code imposes liability on any individual who “owns, holds, or controls” the title to the property.

 

 

 

Is Ding liable for the plaintiffs’ injuries?

 

What are the policy arguments in favor of both parties?

 

 

 

Scenario 3—Securities

 

In 2010, after working at Regions Bank for 6 years, Noah Lott helped found Nova Capital Corporation, a venture capital firm that invested in the technology sectors.  NCC went public in 2012, and Lott served as its CEO and chairman of the board.  Various documents filed with the SEC stated that Lott “earned his MBA in finance from Harvard University and an undergraduate degree in management.”  In fact, he attended Harvard for only year and did not graduate.  After being pressured by a journalist, Lott disclosed the misrepresentation to the NCC board.  The same day, the company issued a press release correcting the statement.

 

 

 

The press responded negatively to “another CEO that lied about his resume” and speculated about “what else might not be right.”  On the day the press release was issued, NCC’s stock price dropped from $33.58 per share to $26.40, but it fully recovered within a six weeks.

 

 

 

Shareholders sued, alleging that the misrepresentation violated section 11 of the 1933 Act, section 10(b) of the 1934 Act, and Rule 10b-5.

 

 

 

Was Lott’s lie about having a college degree material?

 

Would your answer be the same if a CEO lied about having helped to take a company through an initial public offering and subsequent acquisition by another company and having led a pharmaceutical company from incorporation through human clinical trials and launch of a new drug?

 

If you were a member of the NCC board, would you be comfortable keeping Lott as CEO once you learned that he had lied about having a college degree?

 

 

 

Scenario 4 – Bankruptcy and Secured Transactions

 

Coastal Property Restoration (CPR) periodically purchased used restaurant equipment from Slyce Pizza Company. CPR refurbishes and sells restaurant equipment to small restaurants. In December 2015, CPR purchased five used pizza ovens for $25,000. Because of the good relationship between the companies, Slyce financed the ovens for two years; however, Slyce did not obtain a perfected security interest in the ovens. In July 2016, CPR sold four of the ovens to another refurbishing company for $2,000 two days before filing bankruptcy. CPR still owes approximately $20,000 to Slyce for the ovens.

 

 

 

Evaluate the legal and ethical issues associated with CPR’s sale of the pizza ovens before filing bankruptcy. What recourse does Slyce have in recovering the monies still owed on the equipment or the remaining oven?