20 Dissertation Topics in Accounting and Finance

20 Dissertation Topics in Accounting and Finance As the years progressed, there have been extraordinary money and bookkeeping stories from I bringing down the mafia to how singular bookkeepers have bent over as superb worldwide innovators. In this manner, composing a paper on the field of money and bookkeeping can be considered as a genuinely remunerating adventure since you one can compare specialized bookkeeping ideas with entrancing genuine contextual investigations. Be that as it may, to launch the creative cycle, it is essential to comprehend the idea of budgetary bookkeeping so as to think of truly fascinating subjects to talk about. Here, we will try the ideas driving fund and bookkeeping and afterward give a framework of paper subjects in bookkeeping and money. Money is the expert idea that covers the raising of assets and how they are contributed by a business while bookkeeping centers around grouping enough data that helps entrepreneurs and speculators settle on increasingly all around considered choices. 20 Captivating Topics for a Dissertation in Accounting and Finance Investigating the Meaning of Accounting and the Role of Language in Its Formation The Origins of the Terms Finance and Accounting and their Use in Modern Times The Role of Luca Pacioli in Promoting the Field of Financial Accounting Bookkeeping in Ancient Rome and its Role in Shaping Modern Financial Institutions The Role of Financial Accounting in Developing Business Strategies Understanding the Importance of Financial Statements to Corporate Accounting Investigating the Concept of Income Statement and Its Correlation with Financial Statements How the Practice of Societates Publicanorum Set the Foundation for Share Markets The Stock Market Structure and the 1602 Dutch Indian Trade Company Agreement The Accounting Profession and the Need for setting International Standards of Practice The Role of Accounting and Finance in Societal Building Investigating the Different Fields of Financial Accounting and Their Implementation Investigating the Role of Forensic Accounting in Law Enforcement Measurable Accounting, RICO Laws and the nineteenth Century Criminal Justice System. The Role of Mathematics in Developing Ancient Accounting and Finance Practices The History of the Certification Primary Accounting Exam and Its Role in Building Financial Institutions Fund and Accounting in Ancient Mesopotamia and Its Influence in Modern Times Investigating the Relationship between Financial Accounting and Economic Growth Bookkeeping and Financial Reporting issues for Financial Institutions Bookkeeping Standards and Practices of Financial Institutions in the Western World These are a portion of the spellbinding themes we have concocted that can help give you a head start recorded as a hard copy your exposition in bookkeeping and money. These 20 thesis bookkeeping and account points are only a glimpse of something larger. To give a model ofâ how to approach composing an exposition, a subject from this rundown will be created in the sections beneath. It is likewise composed to fill in as an instructional exercise for composing your exposition. Test Essay on the Accounting in Ancient Rome and its Role in Shaping Modern Financial Institutions The subject of how money related qualities and practices have been passed down from age to age and its consequences for the monetary and bookkeeping organizations of the cutting edge world have been a bone of conflict among researchers since the nineteenth century. My thesis will concentrate on following the equals between old money related bookkeeping practices and present day budgetary guidelines and I mean to do this with the utilization of realities and basic investigation. In spite of the fact that hints of accounting exercises were first found in Mesopotamia, careful monetary and bookkeeping exercises got ordinary and the built up standard of monitoring assets and consumption started formally in Ancient Rome around 63 BC. These practices were passed somewhere around antiquarians and mathematicians through techniques that will be investigated in the accompanying passages. Two Roman history specialists Suetonius and Cassius Dio-recorded the main genuine monetary bookkeeping technique in 23 BC. This methodology was cultivated by Emperor Augustus who kept definite data on the Republic’s fiscal summary for open use. The Emperor recorded the Rome’s wellsprings of pay just as its consumptions in ‘The Deeds of the Divine Augustus’ which set the tone for numerous money related ideas, for example, preliminary adjusts, fiscal summary and salary explanation. This act of responsibility was immediately gotten by the Roman armed force to represent its use and income at the end of the day to help commanders and future sovereigns settle on educated choices on issues regarding war. This, alongside, other physical perspectives, halfway turned into an explanation of the Republic being more effective than its adversaries in taking up arms and overseeing supplies. In 1494, Italy-which followed its inceptions to the individuals of Ancient Rome-turned into the home of Luca Pacioli who has been credited as the dad of present day bookkeeping. The mathematician had faith in the significance of keeping budget summaries to settle on better choices and proceeded to distribute the first historically speaking book on money related accounting’ ‘Summa de Arithmetica, Geometria, Proportioni et Proportionalita.’ And just because, bookkeeping knowledge could without much of a stretch be passed starting with one locale then onto the next through content which wiped out the confinements of utilizing informal. This demonstration essentially guaranteed that bookkeeping procedures could both be instructed over all regions of Europe and the Western world easily. Thus, the world first authority bank additionally was set up in Siena, one of the Roman urban communities of old. The Monte de Paschi di Siena was worked in 1942 to take into account the money related necessities of the city of Siena, and the achievement of this foundation turned into the benchmark for budgetary and bookkeeping establishments over the western world. Through the expressed models, one can obviously observe the impact of antiquated Roman money related practices roughly 2000 years back and the expansive impacts these practices had on setting a monetary, instructive and bookkeeping reason for people in the future to come. So here we are toward the finish of the second instructional exercise of the paper on bookkeeping and account points composed for your advantage. For additional perusing, don't stop for a second to check these articles containing ten realities for a thesis on money and bookkeeping just as get tips on composing an exposition on fund and bookkeeping. References: Bookkeeping and Business Research. Uncommon issue on: â€Å"The Societal Relevance of Management Accounting†. (2012). The British Accounting Review, 44(2), p.130. Ezeudu, M. (2016). Battling Financial Crime in the Global Economic Crisis. Rulers Law Journal, 27(2), pp.279-281. Dvoå™kov, D. (2009). Chronicled Costs versus Fair Value Measurement in Financial Accounting. European Financial and Accounting Journal, pg.6-18. Divide, S. (2016). Reconsidering Financial Reporting: Standards, Norms and Institutions. Establishments and Trendsâ ® in Accounting, 11(1-2), pp.1-118. Ã… oljakov, L. (2012). Vital Management Accounting Development during Last 30 Years. European Financial and Accounting Journal, 2012(2), pp.24-35. Pomeranz, F. (1997). The Accounting and Auditing Organization for Islamic Financial Institutions: A significant administrative introduction. Diary of International Accounting, Auditing and Taxation, 6(1), pp.123-130. Zhang, X. furthermore, Chen, D. (2013). The Influence of Financial Industry Cluster on Economic Growth: Three Economic Zones in China. Bookkeeping and Finance Research, 2(4).

Disaster Hit Japan Fukushima Daiichi Nuclear Power Station Engineering Essay

IntroductionCatastrophe hit Japan Fukushima Daiichi nuclear force station on March 11, 2011, Because of the wide arrival of radiation from the Chernobyl mishap in 1986 and is far more terrible than the 1979 Three Mile Island mishap in the United States. Not at all like at Chernobyl and Three Mile Island, Fukushima obliteration was started by common disasters solid earthquake and tidal wave instead of gear disappointment and human mix-up. The torrent took out the reinforcement power frameworks expected to cool the reactors at the works, doing some of them to experience runing fuel, H explosions and radioactive discharges. Fukushima calamity surveies have distinguished adjustments in the structure, reaction activities, and other security improvements that can be decreased or expelled the total of radiation discharged from the factory. As a result, Fukushima has provoked a reconsideration of nuclear wellbeing requests around the universe, including the United States. Radioactive corrupt from the Fukushima works required the discharging of networks up to 25 detail mis off, which influences up to 100,000 individuals, a significant number of them everlastingly grouped from their places. Accepted to hold forestalled the transportation of radiation introduction among inhabitants of Nipponese regulative limits in many cases. Close term mortality and dreariness resulting from radiation may non be accepted ; even harmful neoplastic sickness and other since quite a while ago run wellbeing impacts stay conceivable. Laborers at the works presented to radiation degrees far higher, with at any rate two endured radiation Burnss on their pess in the wake of swimming in sullied H2O. Two different specialists suffocate in the torrent. Disaster recuperation has retained on remaking the chilling frameworks at three of the most genuinely harmed reactors at the works six units and end the radioactive radiations into air and H2O. The work has been influenced by high radiation degrees underway and the go oning horrendous basic damage. Nipponese specialists announced December 16, 2011, that harmed the Fukushima reactors has reached â€Å" cold conclusion, † a milepost in the reactor chilling H2O is underneath the bubbling temperature at climatic power per unit zone. In the winter shutting, the danger of progress arrivals of radioactive decrease may let a few tenants to get down coming back to the least sullied purging zone. Japan ‘s condition minister declared December 19, 2011 that about $ 15 billion was Accommodated the corrupt of the works Fukushima Daiichi, an obligation that has ever happened previously. Complete decommissioning and leveling the works is required to take 40 mature ages, and the whole expense of fiascoes late expected by the commission of the Nipponese specialists surpassed $ 75 billion. Foundation of Nuclear Power Operations ( INPO ) , a security association set up by the U.S. nuclear force industry after the Three Mile Island mishap, distribute an intricate depiction of the Fukushima mishap in November 2011. INPO study bears a course of events of activities taken in light of every unit Fukushima Daiichi works and the understanding of occasions taking to the main reactor core hurt and radioactive discharge. It points â€Å" to gracefully precise, amalgamate start of data † about the occasion. Be that as it may, the examination notes, â€Å" Because of the all-encompassing damage at the site, a portion of the occasion inside informations are non known or have non been affirmed. The plan of this CRS study is to feature aspects of the Fukushima fiasco that may bear on the security of U.S. nuclear workss and nuclear vitality arrangement by and large. It gives a short record of the Fukushima occurrence, including new inside informations gave by INPO examines, open talk by the fiasco, and a depiction of U.S. help given to Japan.DrumheadThe gigantic quake and tidal wave that struck Japan ‘s Fukushima Daiichi nuclear force station on March 11, 2011, took out reinforcement power frameworks that were expected to cool the reactors at the works, doing three of them to experience fuel defrost, H explosions, and radioactive discharges. Radioactive pollute from the Fukushima works constrained the discharging of networks up to 25 detail mis off and influenced up to 100,000 inhabitants, in spite of the fact that it did non do any prompt expires. Tokyo Electric Power Company ( TEPCO ) works the Fukushima nuclear force composite in the Futaba domain of Fukushima prefecture in Northern Japan, staying of six nuclear units at the Fukushima Daiichi station and four nuclear units at the Fukushima Daini station. All the units at the Fukushima composite are bubbling H2O reactors, with reactors 1 to 5 at the Fukushima Daiichi site being the General Electric Mark I structure, which is other than utilized in the United States. The Fukushima Daiichi reactors entered business activity in the mature ages from 1971 ( reactor 1 ) to 1979 ( reactor 6 ) . The Fukushima Daini reactors shut down consequently after the earthquake and had the option to keep adequate chilling. At the point when the quake struck, Fukushima Daiichi units 1, 2, and 3 were bring forthing power and close down naturally. The quake caused offsite power supplies to be lost, and reinforcement Diesel generators fired up each piece intended to give reinforcement power. Notwithstanding, the resulting tidal wave overwhelmed the electrical switchgear for the Diesel generators, doing most AC power in units 1 to 4 to be lost. Since Unit 4 was experiencing a consideration conclusion, the entirety of its nuclear fuel had been evacuated and set in the unit ‘s depleted fuel stockpiling pool. One generator kept runing to chill units 5 and 6. The loss of all AC power in units 1 to 3 kept valves and siphons from working that were expected to take warmth and power per unit region that was being created by the radioactive rot of the nuclear fuel in the reactor centers. As the fuel bars in the reactor nucleuss overheated, they responded with steam to deliver large aggregates of H, which got away into the unit 1, 3, and 4 reactor structures and detonated ( the H that detonated in Unit 4 is accepted to hold originate from Unit 3 ) . The explosions meddled with endeavors by works laborers to remake chilling and dispersed radiation. Cooling was other than lost in the reactors ‘ spent fuel pools, albeit late investigation has discovered that no significant overheating took topographic point. Radioactive stuff discharged into the atmosphere delivered exceptionally high radiation dose rates close to the works and left enormous nations of land dreadful, especially toward the Northwest of the works.Picture1. Japan Earthquake Epicenter and Nuclear Plant LocationsThe quake on March 11, 2011, off the east coastline of Honshu, Japan ‘s biggest island, supposedly caused a programmed conclusion of 11 of Japan ‘s 55 working nuclear force plants.5 Most of the terminations continued without occurrence. Be that as it may, the workss nearest to the focal point, Fukushima and Onagawa ( Refer picture 1 ) , were harmed by the quake and resulting tidal wave. The Fukushima Daiichi works later endured hydrogen explosions and horrible nuclear fuel hurt, let go ofing significant totals of radioactive stuff into the environment.Picture 2.General Electric Mark I Boiling Water Reactor and Containment BuildingTokyo Electric Power Company ( TEPCO ) works the Fukushima nuclear force comp osite in the Futaba domain of Fukushima prefecture in Northern Japan, staying of six nuclear units at the Fukushima Daiichi station and four nuclear units at the Fukushima Daini station. All the units at the Fukushima composite are bubbling H2O reactors ( BWRs ) , with reactors 1 to 5 at the Fukushima Daiichi site being the General Electric Mark I plan ( Refer Picture 2 ) . The Fukushima Daiichi reactors entered business activity in the mature ages from 1971 ( reactor 1 ) to 1979 ( Reactor 6 ) .Identifies whether the Fukushima nuclear fiasco is regular or man-made. Plainly clarify your justification.Fukushima Daiichi nuclear force works is situated in the towns of Okuma and Futaba Japan. Authorized in 1971, this works comprises of six bubbling H2O reactors which drove the electrical generators with a joined intensity of 4.7 GW, doing Fukushima Daiichi one of the 15 biggest nuclear force Stationss known to mankind. Fukushima was the primary nuclear attempts to be planned, developed and run in simultaneousness with General Electric, Boise, and Tokyo Electric Power Company ( TEPCO ) .The works experienced significant mischief the 9.0 quakes and ensuing tidal wave that hit Japan on March 11, 2011 and, starting today, is non expected to revive. The earthquake and tidal wave crippled the reactor chilling frameworks, taking to nuclear radiation releases and triping a 30 kilometer exhausting zone environing the works. On April 20, 2011, the Nipponese governments proc laimed the 20 kilometer discharging zone off limits nation which may simply be entered under specialists administering. Despite the fact that activated by these cataclysmal occasions, the ensuing mishap at the Fukushima Daiichi Nuclear Power Plant can non be viewed as a characteristic disaster. Harm by the quake and the subsequent wave could non be precluded as immediate reasons for the calamity, in any case. This assurance may hold genuine conclusions for Japan ‘s essential nuclear reactors, which were closed down after the Fukushima mishap. A free test panel denounced TEPCO and controllers at the nuclear and modern security agency of fail to make equivalent wellbeing strides, in spite of grounds that the nation was helpless to incredible quakes and tidal waves, Fukushima nuclear force works mishap was the outcome of intrigue between the specialists, the controllers and TEPCO, and the inadequacy of organization. It other than said that, â€Å" They viably sold out the state ‘s option to be protected from nuclear mishaps. It is accepted that the main drivers were the authoritative and reg ulative frameworks that bolstered defective standards for judgments and activities, rather than issues partner to the ability of any specif

Limitations of Ratio Analysis for Cross-Sectional Comparisons Essay

Proportion investigation is a valuable method for contrasting a company’s execution and position and different organizations. In any case, such correlations might be deluding. A portion of the restrictions of proportion investigation for cross-sectional examinations are talked about underneath: Accounting approaches: Accounting laws permit organizations to pick bookkeeping arrangements and use caution while planning accounts. Such an opportunity prompts contrasts in the records of organizations, which thusly misshapes cross-sectional organization examinations. Memorable expense: If organizations are of various ages, their budget summaries will incorporate non-current resources bought at various occasions in the past which will as a rule be recorded at notable expense. This will mean the various organizations have distinctive book estimations of benefit, along these lines influencing their fiscal reports regardless of whether the organizations are in any case indistinguishable (Ireland and Leiwy, 2011). Inventive bookkeeping: Companies will in general present expanded incomes and diminished liabilities on the budget summaries. Specifically, they keep an eye on window dress during profit results seasons. These stunts cause speculators to accept that organizations have a solid budgetary position. In any case, such innovative bookkeeping deludes examiners utilizing money related bookkeeping and proportions for cross-sectional correlations. Distinctive hazard profiles: Companies have diverse money related and showcase chance profiles. Organizations in a similar industry may confront diverse budgetary and market dangers. For instance, an organization with a low obligation proportion may demonstrate improved monetary position. Be that as it may, banks might not have given advances to the organization inferable from the company’s low reliability or high money related hazard profiling. Another organization in a similar industry may have a low budgetary hazard profiling, and it might get advances at a diminished rate for extensions. Yet, the fiscal report will just show a high equipping rate. For this situation, proportion investigation prompts erroneous understandings and decisions about both the organizations. Subjective components: Ratio examination doesn't consider subjective factors, for example, the executives quality, nature of advantages, social obligations, altruism and so forth. Regardless of the impediments examined above, monetary proportion examination is as yet valuable in evaluating a company’s money related execution. Proportions can give a practical comprehension of a company’s tasks whenever utilized cleverly. Experts need to comprehend the impediments in the explanatory strategy and make the important alterations.

Tips for and Against Essay Topics

Tips for and Against Essay TopicsIf you are looking for a strategy for and against essay topics, read this article. This is going to give you some ideas about how to create a topic that will cause a dramatic difference in the grade you receive on your transcript. The grades will be very different depending on the length of the subject.The essay should not be more than 400 words. The essay should make a statement about one or more topics. The essay should be interesting, the topics should not be too long and the essay should also be written as if you were talking to an audience. The attention to detail and the flow of the writing should be used to great effect.Interesting topics are to be chosen carefully. You should start with a topic that interests you. If you enjoy writing about a particular topic, then choose a topic that interests you. There is a high possibility that your audience will enjoy it as well.If you are writing for an essay, then the format of the essay is important. Y ou should not choose the format randomly. If you are writing a paper that will be used in a class, you may choose a format that will appeal to the teacher and the other students in the class.The most important aspect of an essay is the length. That is why it is so important to pick a topic that is both interesting and short. You must put a lot of thought into choosing the topic. Your essay should be perfect, you cannot just pick something randomly. You will need to use the keywords and the title to create interest and then it is up to you to come up with a plan for and against essay topics.The structure of your essay is another important aspect. Be sure that the sections have a theme and all the sections flow together. It is important to make the whole essay interesting. It is also important to avoid too much repetition of words. The way you present the information in your essay is also an important part of the essay. You want to come up with a plan for and against essay topics that will make the information interesting to readers.The format and structure of your essay are another important aspect. When you read through all the criteria, you can come up with a plan for and against essay topics that will keep your audience interested.

Project Management Life Cycle Models - 1241 Words

Before I start discussing the five project management life cycle models, it is very important to understanding below project management landscape and its four Quadrants: Quadrants 1: Contains Traditional Project Management (TPM), this approach has a clear project goal and clear project solution. Quadrants 2: Contains Agile Project Management (APM), this approach has a clear project goal and not clear project solution. Quadrants 3: Contains Extreme Project Management (xPM), in this approach both project goal and project solution are not clear solution. Quadrants 4: Contains Emertxe Project Management (PMx), this approach has not clear project goal and clear project solution. According to (Wysocki, 2012) there are five Project†¦show more content†¦Ã¢â‚¬ ¢ The Incremental PMLC model takes longer than linear PMLC model which increase the cost, time, and effort required to execute the project. To mitigate this risk we should have a powerful monitoring and control tools. Those tools should help to keep the project on track with respect to project scope, budget, and schedule. 3) Iterative PMLC: This model follows APM approach. According to (Wysocki, 2012) An Iterative PMLC model consists of a number of process groups that are repeated sequentially within an iteration with a feedback loop after each iteration is completed. At the discretion of the client, the last process group in an iteration may release a partial solution . Risks, failures, and mitigation strategy: According to (Wysocki, 2012) below are the risks and mitigation plan for this model: †¢ The client involvement in this model is more than linear and incremental PMLC models. If the required degree of client s involvement and ownership is not available then the project will be on risk. To mitigate this risk we should have a clear definition of the client s roles, responsibilities, and availabilities. †¢ The Iterative PMLC model requires co-located teams. This is very difficult requirement because most of the projects have design offices and project consultants all over the world and the co-located teams are not possible. To mitigate this risk a well defined communication plan must beShow MoreRelatedVulnerability of Project Management Life Cycle (Pmlc) Model1351 Words   |  6 PagesThe five PMLC models according to Wysocki are as follows: 1. Linear PMLC model 2. Incremental PMLC model 3. Iterative PMLC model 4. Adaptive PMLC model 5. Extreme PMLC model Linear PMLC Model: This is one of the Traditional Project Management (TPM) method, it consist of the five process group, each performed once in the sequence: Scoping Planning Launching Monitoring and Controlling Closing. The final deliverable is not released until the closing process group is executed. (Wysocki, 2009:345)Read MoreVulnerability of Project Management Life Cycle (Pmlc) Model1366 Words   |  6 PagesThe five PMLC models according to Wysocki are as follows: 1. 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Agile methods attempt to minimise the risk in software in short time boxes called iterations. Every iteration includes all the tasks necessary to release the mini increment of new functionality: planning, requirements analysis, design coding, testing and documentation. At the end of every iteration the prioritiesRead MoreSystem Development Life Cycle ( Sdlc ) Methodologies1448 Words   |  6 PagesBusinesses rely heavily on their information systems for decision making, an essential component of organization management. Information systems serves several purposes in a business, ranging from transactions and assisting leadership with difficult strategy formulation. Advances in computer-based information technology in recent years have led to a widely variety of systems that managers are now using to make and implement decisions (Alter, 1976). In today’s businesses, systems development isRead MorePerformance1552 Words   |  7 PagesTHE MEANING OF PROJECT: A project is a unique venture with specific start and end dates. This is different from an ongoing task that doesnt have an end date. Projects often involve different parts of an organization. Constraints on project include cost, schedule, resources, and quality. There is a give and take between these items i.e. you cant have it all. Usually projects are divisible into stages or phases each with their own set of priorities and goals. A project is an important and carefullyRead MoreComparative Study Of Waterfall And Rad1465 Words   |  6 PagesTitle: Comparative study of waterfall and RAD in context to PMBOK key management areas. Executive Summary: Software development life cycle is a methodology for designing, building, maintaining information and industrial systems. (waterfall) The research report here covers brief understanding of waterfall and RAD model. Later on comparison of both the project management methodologies are done in context to the key nine management areas of pmbok. Based on the comparative study recommendations is givenRead MoreThe Agile Software Development Methods904 Words   |  4 Pagesindustries also force to make the changes in concepts and techniques they were using traditionally. The traditional models like waterfall, Incremental model, RAID model are not useful for most of the current project requirement. Nowadays project requirements depend on many other unstable concepts, which make the project less predictable. Because of these entire unpredictable project, agile becomes the first choice of most of the clients. The agile software development methods are more adaptive approachRead MoreEffective Project Planning And Control At This Stage Project Management1349 Words   |  6 Pages Level 3: Managed Stage At this stage project related datas are collected across the organisation for proper project planning and control. More systematic approach is carried out to plan and control at this stage. Level 4: Integrated Stage The gathered information is carefully evaluated and analysed. PM data and processes are integrated. PM steps and regulation are used throughout the organization with all projects, which help to handle multiple project control and success in a professional manner

Critically Evaluate the Marxist Perspsctive of the Family

Critically evaluate the Marxist perspective of the family According to Marx’s perspective, family is seen as an obstruction to achieve the communist goals, as it is crucial to passing the established order such as cultural ideals on to the next generation. However, Marx was focused on social class rather than the role of family, it was his friend Engels trace the evolution of the family in â€Å"The Origin of the Family, Private Property and the State† (1884 , Zurich) In this context, this essay will evaluate the function of family based upon Marxist perspective. For this intention, Engel’s and other Marxist views of family will be demonstrated firstly, along with a common criticism. Secondly, it will explain the functions of family in†¦show more content†¦In functionalist view, Murdock argues that the family plays four fundamental functions in terms of sexuality, reproduction, economy and education. These functions are inseparable, that is, it serves both nuclear family members at the same time and in the same way. Take sexual function for instance, husband and wife both have the right to access to each other and there are rules forbidding adultery. Murdock claims his analysis provides the family’s multilateral utility and thus of its inevitability. However, Murdock does not consider whether its functions could be performed by other social institutions and without examining alternatives to the family. In addition, in fact i t is hard family to achieve that harmonious and integrated. Furthermore, In Parson’s view, the family has two core functions which refer to the primary socialization and personality stabilization. On contrary, feminists are highly critical of the family, and thus lead to a stress on the harmful effects of family life upon women. They have challenged the view of the inevitability of male dominance in families. And they also claimed that women have contributed to the social economy by their domestic work within the family which was opposite to Marxist. Furthermore, they criticized the cooperation image of family life like sharing interests and love and indicated that actually the men

Innovation and Business Development Maintaining Sustainability

Question: Discuss about theInnovation and Business DevelopmentforMaintaining Sustainability. Answer: Introduction: Business model refers to a plan that companies utilize in order to implement successful business operation (Noyen et al., 2014). Previously, companies use to follow a particular business model for a certain period of time. However, in the present extremely competitive business environment, organizations have to focus on several factors at the time of introducing any business model for the maintaining sustainability in the market. Therefore, organizations have to made several changes in the business process to maintain the effectiveness of the business model. In this essay, the focus will be on the Bitcoin innovative business strategy that bypasses clearinghouses and traditional banks with its implemented block chain technology. Bitcoin represent internet currency that has able to revolutionize the payment system and technology. In this essay, comparison will be made on the traditional business model of the banks with the innovative business model strategy of Bitcoin to establish the significance of timely up-gradation of the business model in order to maintain its position in the market. Main Body: As per the article by Zhang Wen (2016), financial network represents a technological platform that businesses utilize for maintaining the effectiveness of the operational process. Traditional banks utilize conventional business model for the fulfillment of the operational process. For instance, traditional banking business model utilize close platforms like credit card for the effective utilization of e-commerce. On the other hand, Bitcoin represents digital monetary ecosystem that utilizes innovative technology to gain popularity in the market. The block chain technology that Bitcoin has implement in its business model has able to create major impact on the business processes in the banking sector. However, Bitcoins innovative business model has created several new compliance and regulatory challenges. It has increased the interest in identifying the source from where the money has come from. In this situation, maintaining the anonymity of the Bitcoin makes developing data trail a complex task. As mentioned by Brito Castillo (2013) the Sacramento Kings basketball team, Zynga and Overstock.com have started to accept Bitcoin payments. In fact, it has been identified that several political candidates are collecting donations through the utilization of the Bitcoin system. Over the past few years, the number of Bitcoin user is growing in a very rapid speed. Bitcoin is based on some complex and heavy data crunching, that has completely changing the traditional way of payment in the e-commerce sector. Bitcoin also has developed an ecosystem where it will have its share of losers and winners. As per the article by Hanley (2013) that Bitcoin innovative disrupters are those that have the greater possibility of becoming the winner. The article also mentioned several analogies between the pioneers of California Gold Rush and the Bitcoin innovative disrupters. California Gold Rush has able to create wealth for the miners who have jointly entered in the San Francisco area. However, it has able to create groundswell of laid foundation and entrepreneurship for the future utilization of the operational process. Bitcoins business model is very different from any other financial institution. In the Bitcoin business model, transactions are cryptographically authenticated and cannot be reserved (Barnett, 2014). It reduces the risk of online payment met hod. Many studies have highlighted that Bitcoin is among the most popular technology network that has the potential to affect the business model of the banking sector. It highlighted new type of financial assets namely crypto currencies. Bitcoin business model has provided more security in the online transaction. Therefore, majority of the people are being influenced to use more and more Bitcoin for their online transaction. As a result, it not only increasing the popularity of the Bitcoin but also creating threat for the conventional banking technique. It has been assessed that business model of Bitcoin is utilized in such away so that it can provide more financial benefits for the users. For instance, it has been assessed that transaction of Bitcoin is equal to 0.71% of the credit card transaction (Bonneau et al., 2014). In addition, studies have able to identify that there is still lot of space for crypto currency to grow into. As per the article by Tan Low (2015) $11.2 billion dollar s worth of transaction happens in USA per day. On the other hand, Bitcoins transaction is measured around $78 million worldwide. The transaction amount of Bitcoin has increased almost 450% in past five years. On the other hand, tradition business model of the banking sector utilize credit card for the effective implementation of the online transaction process. However, banks have developed several rules and regulations regarding for the effective utilization of credit card in the online transaction processes. Existing business model of the banks use four steps before approving any online transaction processes. On the other hand, Bitcoin use only three steps to implement the same process safely. As a result, it has been identified that traditional business model demands more time from the people to implement the online business transaction process safely. Furthermore, in traditional banking structure, people have to consider several factors like market deflation or inflation at the time of depositing money. As a result, it increases the possibility of risk for the people. On the other hand, Bitcoin have only issue regarding the risk factor, which is if someone can able to breach security o f the wallet. Thus, it highlights the fact that if people can able to maintain the security level of their wallet, they will definitely able to reduce the possibility of any risk. One of the prime effects of this rude awakening seems to have been a surge of interest in this virtual currency. As a result, people have utilized more than 40 online exchanges for the effective utilization of the Bitcoin. The increase in popularity of Bitcoin has raised questions against the effectiveness of the implemented business models of the traditional banks. As per the article by Bonneau et al. (2014) it is high time for the banks and other financial institution to modify their existing business model so that they can able to compete with the newly developed virtual coins like Bitcoin in an effective manner. The article has also mentioned that banks will have to consider several factors in order to increase the effectiveness of the business model. Firstly, banks will have to consider security issue to maintain its popularity in the market. For instance, several services allow people to create their Bitcoin wallet but the security of the wallet is similar to the infrastructure of the web that people rely upon (Hindle et al., 2015). Therefore, banks also have to develop an extremely secure banking service so that people does not have to face any security issue at the time of making any online transaction. Furthermore, Bitcoin does not use any central entity. Therefore, if anyone hack Bitcoin wallet, there is no guarantee that people will g et their Bitcoin back. Business model of the banks can utilize this factor to enhance the trust level of the people and also assure them that no matter what people will get their money back in an appropriate manner (Malhotra, 2013). Secondly, business model of the banks will have to highlight the viability of real money or credit card compared to Bitcoin. Now, Bitcoin has able to increase its range for the transaction in past few years but still there are lot area where use of Bitcoin is not acceptable. For instance, people cannot buy their groceries with the use of Bitcoin. On the other hand, credit card can be utilized anywhere and for any purpose. Thus, updated business model of the banks will have to highlight the benefits of utilizing traditional transaction system so that people does focus too much on the utilization of virtual money. As per the article by Kazan, Tan Lim (2015) business model of banks will have to highlight the kind of difficulties that people will have to fa ce at the time of putting real money in the Bitcoin wallet. Furthermore, business model of traditional bank will also have to provide several financial assistances to the people so that they do not feel any requirement for utilizing virtual money. However, it has been identified that initially financial institutions do not able to evaluate that utilization virtual money can actually damage their position in the market (Ali, Clarke McCorry, 2015). However, increasing popularity of virtual money has enforced them to modify their business model so that have impact on the online transaction processes of the people. Conclusion: From the above discussion, it can be assessed that innovation of new technique will create disruption in the operational processes of the traditional business. Therefore, every business will have to evaluate all the factors that can actually affect the business processes of the organization. For instance, emergence of virtual money has affected the popularity of the traditional online transaction processes like credit card. 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