Why You Should Always Write Down Your Bad Business Ideas

Why You Should Always Write Down Your Bad Business Ideas It’s the middle of the night and you suddenly wake up with a business idea in your mind â€" while still sleepy, you don’t write the idea down since you feel it is bad one anyways. This is just one example of a time when a business idea may strike you at an unexpected time.An idea that may seem outwardly absurd may not necessarily count as a bad business idea. Bad business ideas are those that are ill-thought and under-developed; which makes them highly likely to fail in the business world.There are a number of forces at play that can contribute towards failure of a particular business idea. These include lack of available resources, lack of demand for the product/service, poor marketing/positioning, etc. © Shutterstock.com | KazitafahnizeerIn this article, we will start with 1) what to do with all the ideas that you get, and continue then with 2) how to know if your idea is bad, 3) reasons why you shouldnt discard your bad business ideas, 4) examples of bad ideas that made it successfully into the business world, and 5) examples of bad ideas which you could fine-tune.WHAT TO DO WITH ALL THE IDEAS THAT YOU GET?The best way to increase your chances of coming up with the perfectly successful business idea is to come up with as many ideas as possible; so you have a lot to select from. Remember, you cannot force a great idea to come to you but you can create a process that can help you identify good business ideas from all the different ideas you have:Brainstorm Create an IdeaYou must have heard of the saying ‘a watched pot never boils’? It’s kind of the same with business ideas.Ideas are everywhere; you just need to open up your mind towards them. There are numerous stimulators a nd they aren’t necessarily going to work when you especially sit down and spend some dedicated time towards brainstorming. Let your mind run free; listen to music, watch the sunrise, go out shopping â€" whatever eases your mind and clears the traffic in your mind so that ideas find a way in.Keep Track of Every Idea You GetYour memory may be good but it still can’t beat a pen and a paper. Whenever any business idea strikes you, just jot down a few quick words, which can help you remember the entire idea, later on. Carrying a small notebook in your pocket or using an app on your smartphone can come quite in handy.Just make sure that your method of noting down ideas is one of the quickest ones possible; the quicker you are able to note down the idea the more the chances that you will take a pause from what you are actually doing to note down the idea.Categorize Organize your IdeasA food store, an online help rental, a health consultancy, an app, a cosmetic discovery, a pet care bu siness â€" are all your ideas drastically different from one another? Do you use too many idea storage devices? You may never get to discover and act upon a good idea unless you keep your ideas organized; and one of the best ways of doing so is categorizing them.Just think of a few broad categories (e.g. online business ideas, transportation related ideas, ideas for entertainment industry) and arrange your ideas into categories.Get Feedback Analyze your Ideas so You Can Sort Out the Really Bad IdeasAs you keep generating more and more ideas, revisiting each one of them may divide your attention and thus, shift your focus from the few good ones that you may have in your list. Therefore, every now and then when you are going through the ideas, be honest about identifying the ones you haven’t used in the past year and aren’t planning on using any time in the near future, and just discard them.By getting rid of the useless ideas, you make more room in your mind to focus on the ones that may really work.Make Research Select the Best Idea from Your ListActions speak louder than words. Sure, it is a cliché but the perfect cliché as far as business ideas are concerned. The best thought business idea is worth nothing unless you take action on the idea and turn the words into reality.So pick the most workable ideas, do thorough research on them, make a proper strategy, and begin working on them. As you move ahead, keep shortlisting your list of ideas by removing the ones you feel won’t work until you are left with the one that you feel most passionate about. Keep developing that idea until it turns into a business; that is the best way to cash your best business ideas.HOW TO KNOW IF YOUR BUSINESS IDEA IS BAD?There are some business ideas that as soon as they strike you, your adrenaline gets pumping and your excitement levels rise substantially. Your head feels cloudy, especially if you feel that a particular business idea is the one that will turn you into a successful entrepreneur.Then there are ideas that leave you confused. You cannot decide whether you should stick with them or discard them since they are a bad business idea. Your subconscious mind goes into frenzy due to the amount of questions running through it. But you need to keep your emotions in check â€" otherwise your mind is going to occupy you in a web of questions, from which you may face difficulty getting out of.Check the Idea from Your List to See Whether it Has the Vital IngredientsThere may not be a way to get a one hundred percent guaranteed result, but there are a few things you can do to gauge your business idea and conclude whether it is a bad one or not. If your business idea does not have the following vital ingredients, chances are that the business idea is a bad one, most likely to fail if launched:Simplicity â€" Is your Business Idea Simple?Some people feel that the more radical the business idea is the more chances of it being successful. However, there ar e tons of examples of successful start-ups in the history that have been built upon simple business ideas.A simple business idea is easy to understand by target customers thus increasing its likelihood of being successful. If you launch a product or service that is too complicated for you to execute and/or your customers to understand, you limit the chances of its success. So if you feel your business idea isn’t simple, it may not be a good one either.Market Potential â€" Does Your Business Idea Have a Big Market?If the business idea in question will face difficulty in finding customers then it surely is a bad business idea. What is the point of executing a business idea if it is not going to get any customers? The chances of a business becoming successful are almost zero if it isn’t going to find customers.Even if you feel that your business may get customers but you would have to work pretty hard for it and spend tons of money for finding customers â€" it may not be an idea wo rth pursuing.Solving Real Pain â€" Does Your Idea Target to Resolve a Big Personal or Corporate Pain/Problem?Customers make purchases based on their needs. They buy soap because they need to clean up. They use Facebook because they need to connect with people. They book tickets online because it is more convenient. They book a cab online because they don’t like wasting time standing and waiting for one.So what pressing need does your business idea resolve? How does it make your target customers’ lives easier? What is its power to convince people to spend money on it? If you discover that it isn’t resolving any personal or corporate problem, then it may not be a good business idea at all.Uniqueness â€"Does it have that Special Something?What is so special about your business idea that customers are going to get attracted towards it and not continue going to the existing vendors? Is there something unique about your business idea; something different from the others? If your bus iness idea is a copy of something that already exists in the market, your business idea isn’t very good.And since customers are used to consuming the product/service, which already exists in the market, they won’t have a reason to switch to yours â€" ultimately leading to your failure.Your Passion â€" Does it Appeal to You?Building a business requires consistency, persistency, and perseverance. Even if you have a great idea, you will have to go through a rigorous process to translate that idea into a successful business. You can stick to your idea only if you are passionate about it â€" otherwise as soon as the going gets tough, you are going to run in the other direction.Check your business idea â€" does it have a personal appeal to you? Are you passionate about it? If not, your business idea is not a very good one.Feasibility â€" Is It Possible?Wishes don’t have a boundary but in reality, we have to work within our limitations. If your business idea is realistic and possible to execute while remaining within your limitations then it is a good business idea, otherwise not.REASONS WHY YOU SHOULDN’T DISCARD YOUR BAD BUSINESS IDEASYou may have identified a few of your business ideas to be bad. Your first instinct would be to discard your bad business idea immediately. However, a bad idea has some potential in it which is why you should write it down; it can help you in numerous other ways:The Best Way to LearnWithout having anything, how can you learn? The more ideas you have, the more opportunities for comparison you have. Therefore, generating ideas, even bad ones, help with learning.And when you begin ruling out bad ideas, you learn about a lot of things that won’t work in the business world. You also learn how to be able to generate ideas that are good by not repeating the same things that led to a bad business idea.They Give you a Chance to Think Evaluate Other IdeasIf you had only one idea noted down in your notebook or just a few, you wouldn’ t have much to compare them with. If all you had were good business ideas, you wouldn’t have much to think about. But when you write down bad business ideas as well, two things happen.One, it allows you to have a big inventory of ideas to sift from. An ideas-list which is a mixture of good and bad ideas forces you to pick up each idea and really think about it.Second, having a greater number of ideas gives you the opportunity of carrying out a comparison and conduct an evaluation, because now you have something to compare a business idea with.They Lead to Discovery of Good IdeasBad business ideas help you recognize the good ones out of all the ideas you have. When you are evaluating ideas, and when you reason with an idea and conclude it to be bad, you discover the strengths of the remaining ideas.Bad ideas become subjects of evaluation; working on them gives you the opportunity to gain the understanding of identifying factors that make any idea good or bad. They help you create a checklist and quickly decide whether an idea has the ingredients of being a good idea or not.If an idea has similar factors to an idea you previously identified as bad, you can quickly move on to evaluating the next one without wasting too much time on it.They Lead to Greater Insight into the Business WorldWhen you critically analyze an idea based on its potential of being successful with the target market, the amount of competition already existing and other similar market factors, you get to learn a lot about the realities of the business world. You learn the dynamics of market forces, the intensity with which they change and the impact they have on your business idea and its potential of becoming successful once launched.Researching Them Gives you a Chance to Expand your NetworkHow do you determine whether an idea is bad or not? Of course, by doing research during which you can get in touch with different people as well. For example, to determine whether it will be possible for you to produce a product or not, you may begin interviewing suppliers. Even if they are not able to supply material to you, you at-least get a chance to include them in your professional network.Similarly, in an attempt to discover whether any venture capitalist would be willing to fund your business idea or not, you present your business proposal to a number of them. Even if none of them agrees to fund your business idea, you gain contacts that can come in handy when you come up with a good business idea.You May Find a Way to Make Them WorkableBy noting down a bad business idea, you give it a chance for consideration. As you keep working on a bad business idea, you may be able to make the perfect tweak that turns it into a good business idea. While doing research on them, you may discover something new; a factor that allows you to turn your bad idea into a workable business idea.Therefore, always make sure you note down bad business ideas.EXAMPLES OF BAD BUSINESS IDEAS THAT  BECAME SUCCESSFUL BUSINESSESBy noting down bad business ideas and working on them, you get a chance to turn them into good business ideas. Here are examples of seemingly bad business ideas that made it successfully to the business world:The Pet RockA rock as a pet, someone isn’t being serious now, are they? Sounds like a sure shot bad idea but it made Gary Dahl a millionaire. The pet rock came in a beautiful box crate; just like an actual alive pet would (the box even had breathing holes in it!). The idea was so adorable that it appealed to customers who paid to keep the rock as a pet and train it to learn commands like ‘sit’ and ‘stay’.FatheadzAn idea on which people laughed at made Rico Elmore a successful entrepreneur and won him a deal with Walmart! Rico Elmore came with an idea of manufacturing eyewear for people with wide or fat heads. He successfully faced the challenge of convincing retailers to store his product and went onto sell two million dollar worth of eyewear on the third year after the launch.DoodyCallsWhat seemed like a ridiculous idea offhand is actually a brilliant one because pooping does not stop even when the economy is bad. Jacob D’Aniello founded a pet poop picking company after learning that a professional poop remover earns more than he was making in his job. The company gets a weekly payment for removing pet poop from domestic as well as commercial properties.Surf OhioRon Kaplan started small â€" his fascination with surfing led him to come up with t-shirts that contained surfing images. After one of the worst blizzards in history hit Ohio, he came up with the idea of using the tagline Surf Ohio on his t-shirts in order to remove the negative feelings generated due to the blizzard. The idea was highly unwelcomed by the local shop that used to sell his t-shirts. After working on the idea, today Kaplan sells his licensed Surf Ohio design around the world.EXAMPLES OF BAD BUSINESS IDEAS â€" CAN YOU FINE-TUNE THEM?Are you searching for business ideas? Here are a few work-in-progress ideas. Can you tweak them and make them workable?Rent My SiteWouldn’t it be easy to rent a website from someone who has designed it, developed it and has already search optimized it? Problem is, business want to own their websites, not rent them. Can you amend this business idea and make it more appealing to businesses?5 Dolla HollaGet someone to pay 5 dollars for hiring a celebrity such as William Hung to make a prank call to your friend or family. How cool would it be to get a call from an upcoming Celebrity? The problem with this business idea is that upcoming Stars aren’t very popular so your friend who receives the call may not know them. Also chances are that an upcoming Star may never actually become a Star.1-800-StrippersSend a stripper to your friend’s home for an event or just as a surprise to cheer them up after a break-up or any other sad incident â€" as long as you fix the tweaks such as ensuring your friend is home when the stripper arrives.BabyCalcA website that can let you know facts about your baby’s growth from the moment you begin expecting. It can send you alerts about your baby’s development. The problem is, how to detect and amend the alerts in case of complications?Ads or Not?The concept is to put up five advertisements with one of them being a fake one. You pay people who spot the correct fake ad. The challenge is to find sponsors or advertisers for this concept. Can you generate a way to get advertisers on-board for this business idea?

Why You Should Always Write Down Your Bad Business Ideas

Why You Should Always Write Down Your Bad Business Ideas It’s the middle of the night and you suddenly wake up with a business idea in your mind â€" while still sleepy, you don’t write the idea down since you feel it is bad one anyways. This is just one example of a time when a business idea may strike you at an unexpected time.An idea that may seem outwardly absurd may not necessarily count as a bad business idea. Bad business ideas are those that are ill-thought and under-developed; which makes them highly likely to fail in the business world.There are a number of forces at play that can contribute towards failure of a particular business idea. These include lack of available resources, lack of demand for the product/service, poor marketing/positioning, etc. © Shutterstock.com | KazitafahnizeerIn this article, we will start with 1) what to do with all the ideas that you get, and continue then with 2) how to know if your idea is bad, 3) reasons why you shouldnt discard your bad business ideas, 4) examples of bad ideas that made it successfully into the business world, and 5) examples of bad ideas which you could fine-tune.WHAT TO DO WITH ALL THE IDEAS THAT YOU GET?The best way to increase your chances of coming up with the perfectly successful business idea is to come up with as many ideas as possible; so you have a lot to select from. Remember, you cannot force a great idea to come to you but you can create a process that can help you identify good business ideas from all the different ideas you have:Brainstorm Create an IdeaYou must have heard of the saying ‘a watched pot never boils’? It’s kind of the same with business ideas.Ideas are everywhere; you just need to open up your mind towards them. There are numerous stimulators a nd they aren’t necessarily going to work when you especially sit down and spend some dedicated time towards brainstorming. Let your mind run free; listen to music, watch the sunrise, go out shopping â€" whatever eases your mind and clears the traffic in your mind so that ideas find a way in.Keep Track of Every Idea You GetYour memory may be good but it still can’t beat a pen and a paper. Whenever any business idea strikes you, just jot down a few quick words, which can help you remember the entire idea, later on. Carrying a small notebook in your pocket or using an app on your smartphone can come quite in handy.Just make sure that your method of noting down ideas is one of the quickest ones possible; the quicker you are able to note down the idea the more the chances that you will take a pause from what you are actually doing to note down the idea.Categorize Organize your IdeasA food store, an online help rental, a health consultancy, an app, a cosmetic discovery, a pet care bu siness â€" are all your ideas drastically different from one another? Do you use too many idea storage devices? You may never get to discover and act upon a good idea unless you keep your ideas organized; and one of the best ways of doing so is categorizing them.Just think of a few broad categories (e.g. online business ideas, transportation related ideas, ideas for entertainment industry) and arrange your ideas into categories.Get Feedback Analyze your Ideas so You Can Sort Out the Really Bad IdeasAs you keep generating more and more ideas, revisiting each one of them may divide your attention and thus, shift your focus from the few good ones that you may have in your list. Therefore, every now and then when you are going through the ideas, be honest about identifying the ones you haven’t used in the past year and aren’t planning on using any time in the near future, and just discard them.By getting rid of the useless ideas, you make more room in your mind to focus on the ones that may really work.Make Research Select the Best Idea from Your ListActions speak louder than words. Sure, it is a cliché but the perfect cliché as far as business ideas are concerned. The best thought business idea is worth nothing unless you take action on the idea and turn the words into reality.So pick the most workable ideas, do thorough research on them, make a proper strategy, and begin working on them. As you move ahead, keep shortlisting your list of ideas by removing the ones you feel won’t work until you are left with the one that you feel most passionate about. Keep developing that idea until it turns into a business; that is the best way to cash your best business ideas.HOW TO KNOW IF YOUR BUSINESS IDEA IS BAD?There are some business ideas that as soon as they strike you, your adrenaline gets pumping and your excitement levels rise substantially. Your head feels cloudy, especially if you feel that a particular business idea is the one that will turn you into a successful entrepreneur.Then there are ideas that leave you confused. You cannot decide whether you should stick with them or discard them since they are a bad business idea. Your subconscious mind goes into frenzy due to the amount of questions running through it. But you need to keep your emotions in check â€" otherwise your mind is going to occupy you in a web of questions, from which you may face difficulty getting out of.Check the Idea from Your List to See Whether it Has the Vital IngredientsThere may not be a way to get a one hundred percent guaranteed result, but there are a few things you can do to gauge your business idea and conclude whether it is a bad one or not. If your business idea does not have the following vital ingredients, chances are that the business idea is a bad one, most likely to fail if launched:Simplicity â€" Is your Business Idea Simple?Some people feel that the more radical the business idea is the more chances of it being successful. However, there ar e tons of examples of successful start-ups in the history that have been built upon simple business ideas.A simple business idea is easy to understand by target customers thus increasing its likelihood of being successful. If you launch a product or service that is too complicated for you to execute and/or your customers to understand, you limit the chances of its success. So if you feel your business idea isn’t simple, it may not be a good one either.Market Potential â€" Does Your Business Idea Have a Big Market?If the business idea in question will face difficulty in finding customers then it surely is a bad business idea. What is the point of executing a business idea if it is not going to get any customers? The chances of a business becoming successful are almost zero if it isn’t going to find customers.Even if you feel that your business may get customers but you would have to work pretty hard for it and spend tons of money for finding customers â€" it may not be an idea wo rth pursuing.Solving Real Pain â€" Does Your Idea Target to Resolve a Big Personal or Corporate Pain/Problem?Customers make purchases based on their needs. They buy soap because they need to clean up. They use Facebook because they need to connect with people. They book tickets online because it is more convenient. They book a cab online because they don’t like wasting time standing and waiting for one.So what pressing need does your business idea resolve? How does it make your target customers’ lives easier? What is its power to convince people to spend money on it? If you discover that it isn’t resolving any personal or corporate problem, then it may not be a good business idea at all.Uniqueness â€"Does it have that Special Something?What is so special about your business idea that customers are going to get attracted towards it and not continue going to the existing vendors? Is there something unique about your business idea; something different from the others? If your bus iness idea is a copy of something that already exists in the market, your business idea isn’t very good.And since customers are used to consuming the product/service, which already exists in the market, they won’t have a reason to switch to yours â€" ultimately leading to your failure.Your Passion â€" Does it Appeal to You?Building a business requires consistency, persistency, and perseverance. Even if you have a great idea, you will have to go through a rigorous process to translate that idea into a successful business. You can stick to your idea only if you are passionate about it â€" otherwise as soon as the going gets tough, you are going to run in the other direction.Check your business idea â€" does it have a personal appeal to you? Are you passionate about it? If not, your business idea is not a very good one.Feasibility â€" Is It Possible?Wishes don’t have a boundary but in reality, we have to work within our limitations. If your business idea is realistic and possible to execute while remaining within your limitations then it is a good business idea, otherwise not.REASONS WHY YOU SHOULDN’T DISCARD YOUR BAD BUSINESS IDEASYou may have identified a few of your business ideas to be bad. Your first instinct would be to discard your bad business idea immediately. However, a bad idea has some potential in it which is why you should write it down; it can help you in numerous other ways:The Best Way to LearnWithout having anything, how can you learn? The more ideas you have, the more opportunities for comparison you have. Therefore, generating ideas, even bad ones, help with learning.And when you begin ruling out bad ideas, you learn about a lot of things that won’t work in the business world. You also learn how to be able to generate ideas that are good by not repeating the same things that led to a bad business idea.They Give you a Chance to Think Evaluate Other IdeasIf you had only one idea noted down in your notebook or just a few, you wouldn’ t have much to compare them with. If all you had were good business ideas, you wouldn’t have much to think about. But when you write down bad business ideas as well, two things happen.One, it allows you to have a big inventory of ideas to sift from. An ideas-list which is a mixture of good and bad ideas forces you to pick up each idea and really think about it.Second, having a greater number of ideas gives you the opportunity of carrying out a comparison and conduct an evaluation, because now you have something to compare a business idea with.They Lead to Discovery of Good IdeasBad business ideas help you recognize the good ones out of all the ideas you have. When you are evaluating ideas, and when you reason with an idea and conclude it to be bad, you discover the strengths of the remaining ideas.Bad ideas become subjects of evaluation; working on them gives you the opportunity to gain the understanding of identifying factors that make any idea good or bad. They help you create a checklist and quickly decide whether an idea has the ingredients of being a good idea or not.If an idea has similar factors to an idea you previously identified as bad, you can quickly move on to evaluating the next one without wasting too much time on it.They Lead to Greater Insight into the Business WorldWhen you critically analyze an idea based on its potential of being successful with the target market, the amount of competition already existing and other similar market factors, you get to learn a lot about the realities of the business world. You learn the dynamics of market forces, the intensity with which they change and the impact they have on your business idea and its potential of becoming successful once launched.Researching Them Gives you a Chance to Expand your NetworkHow do you determine whether an idea is bad or not? Of course, by doing research during which you can get in touch with different people as well. For example, to determine whether it will be possible for you to produce a product or not, you may begin interviewing suppliers. Even if they are not able to supply material to you, you at-least get a chance to include them in your professional network.Similarly, in an attempt to discover whether any venture capitalist would be willing to fund your business idea or not, you present your business proposal to a number of them. Even if none of them agrees to fund your business idea, you gain contacts that can come in handy when you come up with a good business idea.You May Find a Way to Make Them WorkableBy noting down a bad business idea, you give it a chance for consideration. As you keep working on a bad business idea, you may be able to make the perfect tweak that turns it into a good business idea. While doing research on them, you may discover something new; a factor that allows you to turn your bad idea into a workable business idea.Therefore, always make sure you note down bad business ideas.EXAMPLES OF BAD BUSINESS IDEAS THAT  BECAME SUCCESSFUL BUSINESSESBy noting down bad business ideas and working on them, you get a chance to turn them into good business ideas. Here are examples of seemingly bad business ideas that made it successfully to the business world:The Pet RockA rock as a pet, someone isn’t being serious now, are they? Sounds like a sure shot bad idea but it made Gary Dahl a millionaire. The pet rock came in a beautiful box crate; just like an actual alive pet would (the box even had breathing holes in it!). The idea was so adorable that it appealed to customers who paid to keep the rock as a pet and train it to learn commands like ‘sit’ and ‘stay’.FatheadzAn idea on which people laughed at made Rico Elmore a successful entrepreneur and won him a deal with Walmart! Rico Elmore came with an idea of manufacturing eyewear for people with wide or fat heads. He successfully faced the challenge of convincing retailers to store his product and went onto sell two million dollar worth of eyewear on the third year after the launch.DoodyCallsWhat seemed like a ridiculous idea offhand is actually a brilliant one because pooping does not stop even when the economy is bad. Jacob D’Aniello founded a pet poop picking company after learning that a professional poop remover earns more than he was making in his job. The company gets a weekly payment for removing pet poop from domestic as well as commercial properties.Surf OhioRon Kaplan started small â€" his fascination with surfing led him to come up with t-shirts that contained surfing images. After one of the worst blizzards in history hit Ohio, he came up with the idea of using the tagline Surf Ohio on his t-shirts in order to remove the negative feelings generated due to the blizzard. The idea was highly unwelcomed by the local shop that used to sell his t-shirts. After working on the idea, today Kaplan sells his licensed Surf Ohio design around the world.EXAMPLES OF BAD BUSINESS IDEAS â€" CAN YOU FINE-TUNE THEM?Are you searching for business ideas? Here are a few work-in-progress ideas. Can you tweak them and make them workable?Rent My SiteWouldn’t it be easy to rent a website from someone who has designed it, developed it and has already search optimized it? Problem is, business want to own their websites, not rent them. Can you amend this business idea and make it more appealing to businesses?5 Dolla HollaGet someone to pay 5 dollars for hiring a celebrity such as William Hung to make a prank call to your friend or family. How cool would it be to get a call from an upcoming Celebrity? The problem with this business idea is that upcoming Stars aren’t very popular so your friend who receives the call may not know them. Also chances are that an upcoming Star may never actually become a Star.1-800-StrippersSend a stripper to your friend’s home for an event or just as a surprise to cheer them up after a break-up or any other sad incident â€" as long as you fix the tweaks such as ensuring your friend is home when the stripper arrives.BabyCalcA website that can let you know facts about your baby’s growth from the moment you begin expecting. It can send you alerts about your baby’s development. The problem is, how to detect and amend the alerts in case of complications?Ads or Not?The concept is to put up five advertisements with one of them being a fake one. You pay people who spot the correct fake ad. The challenge is to find sponsors or advertisers for this concept. Can you generate a way to get advertisers on-board for this business idea?

Biography of Queen Charlotte

Queen Charlotte (born Sophia Charlotte of Mecklenberg-Strelitz) was the Queen of England from 1761–1818. Her husband, King George III, suffered from mental illness, and Charlotte ultimately served as his guardian until her death. Charlotte is also known for the possibility that she possessed multiracial heritage, which would make her Englands first multiracial royal. Fast Facts: Queen Charlotte Full Name: Sophia Charlotte of Mecklenburg-StrelitzKnown For: Queen of England (1761–1818)Born: May 19, 1744 in Mirow, Germany Died:  November 17, 1818 in Kew, EnglandSpouses Name: King George III Early Life Sophia Charlotte of Mecklenburg-Strelitz was born in 1744, the eighth child of Duke Charles Louis Frederick of Mecklenburg and his wife, Princess Elisabeth Albertine of Saxe-Hildburghausen, at the family castle in Mirow, Germany. Like other young ladies of her station, Charlotte was educated at home by private tutors. Charlotte was taught the basics of language, music, and art, but much of her education was focused on domestic life and household management, in preparation for future as a wife and mother. Charlotte and her siblings were also educated in religious matters by a priest who lived with the family. When Charlotte was seventeen years old, she was sent from Germany to marry George III, five years her senior. George had ascended to the throne following the death of his father, George II, and was as yet unmarried. Since he would soon need an heir of his own, and Charlotte was from a minor duchy in the northern part of Germany that had no political machinations, she must have seemed like a perfect match. Charlotte arrived in England on September 7, 1761, and the next day, met her prospective groom for the first time. She and George were married that evening, just a few hours after meeting. Charlotte the Queen Although she spoke no English at first, Charlotte learned the language of her new country quickly. Her heavy German accent and tumultuous relationship with George’s mother, Princess Augusta, made it difficult for her to adapt to English court life. Although Charlotte attempted to expand her social circle, Augusta challenged her every step of the way, even going as far as to replace Charlotte’s German ladies-in-waiting with English ladies of Augusta’s choosing. Heritage Images / Getty Images Over the years, Charlotte and George had fifteen children together, thirteen of whom survived to adulthood. She was pregnant regularly, yet still managed to find time to organize the decoration of a lodge in Windsor Park, which was where she and her family spent most of their time. In addition, she educated herself about diplomatic matters, and exercised a quiet and discreet influence over her husband’s political affairs, both foreign and domestic. In particular, she became involved in English-German relations, and may have had some influence in British intervention in Bavaria. Charlotte and George were avid patrons of the arts, taking a particular interest in German music and composers. Their court hosted performances by Bach and Mozart, and they enjoyed the compositions of Handel and many others. Charlotte was also an active gardener, with a scientific interest in botany that led her to help expand Kew Gardens. The Madness of King George Charlotte’s husband suffered from intermittent bouts of mental illness throughout his adult life. During the first episode in 1765, George’s mother Augusta and Prime Minister Lord Bute managed to keep Charlotte completely unaware of what was happening. In addition, they made sure she was kept in the dark about the Regency Bill, which stated that in the event of George’s full incapacity, Charlotte herself would become Regent. Two decades later, in 1788, George became ill again, and this time it was much worse. By now, Charlotte was well aware of the Regency Bill, but still had to battle against the Prince of Wales, who had designs of his own on the Regency. When George recovered the following year, Charlotte deliberately sent a message by refusing to allow the Prince of Wales to attend a ball held in honor of the Kings return to health. Charlotte and the prince reconciled in 1791. Gradually, over the next few years, George descended into permanent madness. In 1804, Charlotte moved into separate quarters, and seems to have adopted a policy of avoiding her husband entirely. By 1811, George was declared insane and placed under Charlottes guardianship, as per the Regency Bill of 1789. This scenario remained the same until Charlottes death in 1818. Print Collector / Getty Images Potential Multiracial Heritage Charlottes contemporaries described her as having an unmistakable African appearance. Historian Mario de Valdes y Cocom contends that although Charlotte was German, her family was distantly descended from a 13th-century black ancestor. Other historians take issue with Valdes theory, arguing that with a black ancestor nine generations back, its nearly impossible to consider Charlotte multi-racial. During her reign as Queen, Charlotte was the subject of racially-charged insults about her appearance. Sir Walter Scott said that her relatives from the House of Mecklenburg-Strelitz were ill-colored, orang-outang looking figures, with black eyes and hook-noses. Charlottes physician, Baron Stockmar, described her as having â€Å"a true mulatto face.† Conclusive evidence of Charlottes ancestry has likely been lost to history. Nevertheless, it remains important to reflect upon this element of her story, as well as to consider how the concepts of race and royalty play out in society today. Sources Blakemore, Erin. â€Å"Meghan Markle Might Not Be the First Mixed-Race British Royal.† History.com, AE Television Networks, www.history.com/news/biracial-royalty-meghan-markle-queen-charlotte.Jeffries, Stuart. â€Å"Stuart Jeffries: Was the Consort of George III Britains First Black Queen?† The Guardian, Guardian News and Media, 12 Mar. 2009, www.theguardian.com/world/2009/mar/12/race-monarchy.â€Å"Philippa of Hainault.† Charles II., www.englishmonarchs.co.uk/plantagenet_35.html.Waxman, Olivia B. â€Å"Is Meghan Markle the First Black Royal? Why We Dont Know.† Time, Time, 18 May 2018, time.com/5279784/prince-harry-meghan-markle-first-black-mixed-race-royal/.

Questions on Articles by Christopher D. Stone and Work by Milton Friedman - Free Essay Example

Sample details Pages: 2 Words: 639 Downloads: 2 Date added: 2017/09/16 Category Business Essay Type Narrative essay Tags: Capitalism Essay Did you like this example? 1. What criticisms does Friedman raise against business managers who engage in socially responsible practices? Explain. Friedman criticizes business managers who engage in socially responsible behavior by using the argument that there is a different set of criteria for social responsible behavior of a person, who happens to be a corporate executive (businessman) versus that same person acting as an individual in a free-society. A business manager’s main responsibility is to maximize the profit of the corporation. When that person combines those roles and directs a corporation to take on a social responsible cause, because it would either increase cost or decrease revenue, it would be equivalent to a tax on the customers, shareholders and employees without their consent and in some cases, knowledge. Friedman further argues that a business manager who engages in socially responsible activities is in effect acting as a socialistic governmental agent in that a social ist government acts in the interest of the people it is set up to govern, while not fostering a free market or cultivating capitalism. A corporate executive would count on capitalism to ensure profits are maximized. In short, a business manager cannot successfully have a split focus on the goals of the corporation. If he is going to maximize profits, he cannot actively partake in socially responsible activities. Friedman says the political principle that underlies the market mechanism is unanimity (agreement) and the principle that underlies the political mechanism is conformity. Explain. The political principal that underlies the market mechanism of unanimity is in a sense opposite to the principle that underlies the political mechanism. Unanimity calls for voluntary cooperation that does not require social values beyond what the group agrees upon. In conformity, people may disagree, but must still cooperate with the decision. As it would be impossible to get all of the peopl e to agree all of the time, utilizing unanimity would be impractical, which would automatically assume that the political mechanism would have a greater chance of utilization than the market mechanism. 2. What criticism(s) does Christopher Stone raise against a view like Friedmans? Explain. The criticism that Stone raises is that namely corporations are not people and that there are important differences between human beings and artificial beings (corporations). Stone would further argue that the corporation did not make a direct agreement with the shareholder that the sole responsibility of the corporation is to maximize profit since most shareholders are not the original purchasers of the outstanding shares. According to Stone, a shareholder would have a certain expectation of how the shares they purchase will perform at the time of purchase and that although the shareholder has that belief, it is not an implicit contract to perform in that manner. The projected performance may not even include the maximization of profit in the stocks underlying expectation. Stone’s position allows for a split focus for a business manager in that although the corporation should be lead in a way that allows for profitability, the business manager should not be prohibited to engage in socially responsible activities or causes. How might Friedman respond? Friedman would argue that a corporation’s business manager has a duty to the shareholders to maximize profits, not to be socially responsible and that these are independent activities. Although the shares more likely than not were purchased from a previous shareholder as opposed to the corporation, for Friedman, there would still be an inherent expectation that the leader of a corporation act in a way that maximizes profits, regardless of who the promise is originally made to. The business manager who engages in socially responsible activities is acting on a personal nature and these activities could be at the expense of corporate profit, which in Friedman’s view is a tax that the shareholders may not be aware of and would not approve. Don’t waste time! Our writers will create an original "Questions on Articles by Christopher D. Stone and Work by Milton Friedman" essay for you Create order

Essay about European Imperialism - 896 Words

European imperialism during 1450-1750, began as a plan to gain more riches for the European nations. The Europeans did this for three main reasons, which were for God, Gold, and Glory. The Europeans domination over Latin America, Africa and Asia were made out to be good for the native people of these lands. However, the Europeans were not there to help these geographic areas. They were there to spread their influence and gain riches for themselves and the European nations. The successes and failures of the Europeans and non Europeans would decide their relationship status for as long as they could co-exist. In Latin America, Cortes who was the conqueror of Mexico, and Pizarro the conqueror of Peru and the Incans, would control the†¦show more content†¦Instead, the Latin Americans were auctioned off and forced into slavery. After taking the gold, ruling over the people, and forcing them into slavery, the Spanish did nothing to help out the people of Latin America. European domination in Africa began because the Portuguese wanted to establish a faster route to India. Yet, when the Portuguese arrived they began to set up a trade of gold, slaves and ivory. The Europeans pretended to be Christian humanitarians and attempted to convert the Africans to Christians. They used god to justify their mistreatment of the natives. Many of the natives did convert to Christianity and accepted the Europeans mistreatments. The Europeans set up port cities on the African coast in order to help their ships on their journey to India. At the port cities, they could stop, rest, and replenish their supplies. The Europeans would attempt to turn the different African tribes against each other and started many tribal wars throughout Africa. When a tribe was conquered, the remaining members would be transported back to Europe and the Americas in order to be sold into slavery, and their villages would be raided for any potential riches the Europeans could sell or use. Creating these tribal wars gave the Europeans money and also eliminated possible enemies from the land. The Europeans tried to use the same methods they hadShow MoreRelatedEuropean Imperialism in Africa Essay1405 Words   |  6 Pageslate 1800’s, was starting for a land grab in the African continent. Around 1878, most of Africa was unexplored, but by 1914, most of Africa, with the lucky exception of Liberia and Ethiopia, was carved up between European powers. There were countless motivations that spurred the European powers to carve Africa, like economical, political, and socio–cultural, and there were countless attitudes towards this expansion into Africa, some of approval and some of condemnation. Europe in this period wasRead MoreEuropean Imperialism And The Colonization Of Africa984 Words   |  4 PagesAmongst the 1870s and 1900, Africa confronted European imperialist hostility, political pressures, military assaults, and ultimately the conquest and colonization. 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In examining the values and ideologies this text endorses and challenges, the society of the time (Elizabethan England), and a knowledge of how it operated serves a greatRead MoreImperialism Dbq Ap European History846 Words   |  4 PagesBetween the period from 1880 to 1914, European powers went after overseas empires in Africa. The governments and political leaders of the European powers believed that this colonization of the African empires was necessary to maintain their global influence. A second group of people supposed that African colonization was the result of the greedy Capitalists who \only cared for new resources and markets. The third group of people claimed it to be their job to enlighten a nd educate the uncivilizedRead More The Compelling Motives of European Imperialism Essay794 Words   |  4 PagesThe Compelling Motives of Imperialism The presence of Europe in Africa in the late nineteenth century was one of extreme power. 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The European powers divided up t he continent of Africa among themselves, without any consent from the peopleRead MoreWhat Was the Driving Force Behind European Imperialism in Africa628 Words   |  3 PagesAndres Lugo Professor William Hendricks March 17, 2015 World Civilizations II Domination of resources The European powers that were in much need for resources during the 1500s through 1800s were Great Britain, France and Germany. During 1500 and 1800 Africa seemed like an impossible feat to conquer because of malaria but this wouldn’t stop the persistence of the leaders of France and Great Britain. The idea of exploring and conquering new land meant more to these leaders because of the motivationRead MoreWhat attracted European imperialism to Africa to Asia in the late nineteenth century.1585 Words   |  7 PagesMortimer Chambers et al define imperialism as a European state s intervention in and continuing domination over a non-European territory. During the Scramble for Africa in the late nineteenth century, the most powerful European nations desired to conquer, dominate and exploit African colonies with the hope of building an empire. According to Derrick Murphy, in 1875 only ten percent of Africa was occupied by European states. Twenty years later only ten percent rem ained unoccupied. There wereRead MoreEuropean Imperialism - Dbq Essay804 Words   |  4 Pagesthe history of the world, imperialism has played a major role. Imperialism is one country’s complete domination of the political, economic, and social life of another country. Imperialism has many positive and negative effects. The Age of Imperialism is considered 1800 - 1914. During this time Europe became a major world leader. European countries set up colonies all over Africa, Latin America, and Asia, and encouraged their citizens to populate them. European imperialism boosted Europe’s economyRead MoreEuropean Imperialism in Africa Essays1457 Words   |  6 PagesImperialism By the late 19th and early 20th century, Europe was expanding its borders. In an attempt to grow its economy and culture, Europe’s superpowers began to search for new soil. Africa was an easy target; it wasn’t politically secure and it wasn’t modernized. In addition, it had reliable soil which would enable Europe to produce cash crops. European nations began to pour into Africa, called the Scramble for Africa. Soon, Europe took control of Africa, taking raw materials and destroyed African

Key Issues Relating To Human Resource Management †Free Samples

Question: What Is The Key Issues Relating To Human Resource Management? Answer: Introduction Three key issues relating to Human Resource Management in an organization are selected for this task. The issues selected are Performance Management, Employee Health and Safety and Employee Wellbeing. Performance management is the tool used by managers and Human Resource Department of the company to improve overall productivity of the firm while contributing to their work objective (Cascio 2014). Employee Healthcare, Safety and Wellbeing relates to his mental and physical health. It involves providing facility and infrastructure which enhances their health (Fabius et al. 2013). Table Outlining Academic Sources Title Mains Points (3 Bullet Points) Source Of Research Data Validity Of Article Useful Page References Your Thoughts Leveraging employer branding, performance management and human resource development to enhance employee retention Employer branding differentiates an employer from another Appropriate feedback, development and compensation ensure better performance management Innovative methods revolving around digitization and internet shall be adopted to train and involve employees secondary data, meta analysis Valid, Authentic source of data 122-127 The author discusses various aspects well and has valid source of data to make his study relevant. Performance Management: Perceiving Goals As Invariable And Implications For Perceived Job Autonomy And Work Performance Perceiving goals as invariable is negatively related to job autonomy which affects performance of employees Employees with higher education and higher level are more discrete about perceived invariable goals and job autonomy. provide job autonomy to enable employees make discrete judgement when goals are redundant Primary data, survey, Hypothesis study. Valid, Human Resource Management Journal 401-410 The research has been conducted on the basis of surveys and hypothetical study has been conducted which makes the research useful and adds to the study of employee performance management. The Relationship Between Line Manager Behaviour, Perceived HRM Practices, And Individual Performance Level of employee engagement is positively related to line managers behaviour. HRM shall focus on deployment, development and training of line managers. HRM impact on employee performance is thus indirect Secondary Primary Data, Hypothesis Study Valid, Department of Human Resource Studies, Tilburg University 840-855 The research links between HRM practices, line managers and individual performance and concludes the individual performance depends on managers. The research sets base for further research on same grounds. The Link Between Workforce Health and Safety and the Health of the Bottom Line Focus on well being improves performance and reduces health care cost Provides competitive advantage that benefits the investors Investment on employee health helps drive more revenue per employee Meta Analysis, Primary Data. Valid, data collected from authentic sources, Journal of Occupational and Environmental Medicine 993-999 The report concludes link between employee well being and increased productivity which shall be adapted by all the organization keeping in mind the deteriorating health of workforce. Workplace Mistreatment Climate and Potential Employee and Organizational Outcomes Better psychological climate leads to less mistreatment, emotional strain and better job attitude. Supportive work environment reduces mistreatment. Lower focus on mistreatment lead to higher focus on job and related task. Secondary, four empirical data Valid, Journal of Occupational Health Psychology 1-21 The researcher has linked how workplace mistreatment can affect its employees productivity and how managers can overcome such situation. How the impact of HR practices on employee wellbeing and performance changes with age Association between HR development practices and well-being weakens with age Association between HR maintenance practices and well-being strengthens with age Association between HR enrichment practices and job performance strengthens with age Primary, Hypothesis Testing, employees of three organization of UK Valid, Human Resource Management Journal 18-35 The report aimed at analysing the relation between employee well being and job performance with their age and where company should invest its effort and resources. Workplace resources to improve both employee well-being and performance Intrinsic motivation: resources may fulfil basic requirements Extrinsic motivation: resources may help employees thus perform better Resources are associated with well being and performance at all levels. Meta Analysis, Secondary data. Valid, International Journal of Work, Health Organisations 1-20 The research links between available workplace resources and employee well being at all level. Optimising Employee Mental Health The extent of job crafting affects the extent of satisfaction of psychological needs. Job crafting helps employees correlate their work objectives and personal goals. This promotes their well being and performance. Primary Data, Job Crafting Questionnaire, Need Satisfaction Scale, Mental Health Continuum Valid, Data from Authentic Sources 957- 970 The research provides base for studying how job crafting can influence employees well being and performance in the organization. Engaged, Workaholic, Burned-Out or Just 9-to-5? Work investor depends upon employees capacity to work. Heavy work investors: workaholic and work oriented Soft investor: less energetic, 9-5 workers Primary and Secondary Sources. 786 respondents. Valid, Authentic sources of data. 71-80 Depending upon the work investor, the well being can be influenced on the level of work. The moderating role of rumination on the relationship between organizational politics and employee attitudes, well-being, and performance Politics has direct and negative effect on employee outcome Rumination exacerbate the effect of politics Ruminators are less likely to cope with politics. Primary data, varied employees for particular study. Valid, Authentic data source 177-185 The research successfully relates various concepts and gain comprehendible results. Assessment 2 Plan To write an essay in assessment two, the three key issues of Human Resource Management in the organization will be introduced and explained in detail. The three issues selected for the assessment are Performance Management, Employee Health and Safety and Employee Wellbeing. Further, the available literature on the three topics will be reviewed thoroughly to analyse the existing study on these issues. Further, the challenges faced by the management of the company relating to these issues will be analysed. Various journals and researches mentioned in the table will be analyzed and summarized in the essay to provide all round knowledge on the subject. Finally, the essay will be concluded with recommendations for management to improve these issues in an organization.; References Alfes, K., Truss, C., Soane, E., Rees, C. and Gatenby, M., 2013. The Relationship Between Line Manager Behavior, Perceived HRM Practices, and Individual Performance: Examining the Mediating Role of Engagement. Human Resource Management, 52(6), pp.839-859. Cascio, W., 2014. Leveraging employer branding, performance management and human resource development to enhance employee retention. Human Resource Development International, 17(2), pp.121-128. Fabius, R., Thayer, R., Konicki, D., Yarborough, C., Peterson, K., Isaac, F., Loeppke, R., Eisenberg, B. and Dreger, M., 2013. The Link Between Workforce Health and Safety and the Health of the Bottom Line. Journal of Occupational and Environmental Medicine, 55(9), pp.993-1000. Kooij, D., Guest, D., Clinton, M., Knight, T., Jansen, P. and Dikkers, J., 2012. How the impact of HR practices on employee well-being and performance changes with age. Human Resource Management Journal, 23(1), pp.18-35. Kuvaas, B., Buch, R. and Dysvik, A., 2014. Performance Management: Perceiving Goals as Invariable and Implications for Perceived Job Autonomy and Work Performance. Human Resource Management, 55(3), pp.401-412. Nielsen, K., Nielsen, M., Ogbonnaya, C., Knsl, M., Saari, E. and Isaksson, K., 2017. Workplace resources to improve both employee well-being and performance: A systematic review and meta-analysis. Work Stress, 31(2), pp.101-120. Rosen, C. and Hochwarter, W., 2014. Looking back and falling further behind: The moderating role of rumination on the relationship between organizational politics and employee attitudes, well-being, and performance. Organizational Behavior and Human Decision Processes, 124(2), pp.177-189. Salanova, M., Del Lbano, M., Llorens, S. and Schaufeli, W., 2013. Engaged, Workaholic, Burned-Out or Just 9-to-5? Toward a Typology of Employee Well-being. Stress and Health, 30(1), pp.71-81. Slemp, G. and Vella-Brodrick, D., 2013. Optimising Employee Mental Health: The Relationship Between Intrinsic Need Satisfaction, Job Crafting, and Employee Well-Being. Journal of Happiness Studies, 15(4), pp.957-977. Yang, L., Caughlin, D., Gazica, M., Truxillo, D. and Spector, P., 2014. Workplace mistreatment climate and potential employee and organizational outcomes: A meta-analytic review from the targets perspective. Journal of Occupational Health Psychology, 19(3), pp.315-335.

Demand Forecasting Essay Example

Demand Forecasting Essay Order Management Systems 6. Demand Planning 7. Procurement Planning 8. Name of the software those are available in the market 1. Enterprises Resources Planning ( ERP) A. Total ERP B. Oracle Ill ERP or Enterprise Resource Planning software provides and cover variety of essential functions that Integrates every department of your business around the world by providing real-time view of your data and processes. ERP also streamline every department workflow for better decision making and growth. An ERP software package can help your business in many ways some of them are as follows: ERP helps in streamlining your Business Process and Workflow It helps you in better customer support and services You gain real time data from various departments allowing quick and powerful session making Reduce paper work, duplication of entries and Manual entries. To summarize ERP system helps in increasing your productivity level, profits and altogether growth of our organization. 2. Ware House Management systems. A. Fire WHAMS b. CEO RIFF WHAMS Warehouse Management Systems are primarily designed to combine the functioning of hardware, software, and peripheral devices. Implementation of a well designed competitive advantage through real time inventory management, reduced labor costs, superior customer service, increased inventory accuracy, better flexibility and expensiveness. Present day warehouse management systems are increasingly relying on a mix of new and old innovations to better integrate warehouse operations into the overall supply chain in a cost effective way. We will write a custom essay sample on Demand Forecasting specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Demand Forecasting specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Demand Forecasting specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The must have features of a WHAMS that primarily contributes in developing a lean supply chain are: Business Intelligence Business Intelligence identifies, extracts, and analyzes the entire business data in real time and converts it into functional information. All these information are then displayed in customized dashboards to the decision makers thereby enabling greater usability of the supply chain and hence improved and efficient decision making capability. The major Business Intelligence functions for warehouses are: o Inventory Analysis o Track Inventory turnover o Space utilization Analysis o Barded tracking for Inventory and material o Perfect Order management Integrated EDI system EDI enables organizations exchange business oriented information such as purchase orders, invoices, sales orders, vendor bills, and inventory orders and list. It utilizes a mapping tool which transforms information into an internationally accepted standard format. The following are some benefits of EDI integration with WHAMS: o a. Less paper handling Real time information No mailing cost Faster exchange of data and relevant information No repetition of data Direct communication Transportation Scheduling Systems :- De- Facto Software Transports computerized scheduling and dispatch software provides the tools you need to optimize your routes. Key Functionality Includes: Live scheduling using calendar functions Ability to quickly book trips from pick up to drop off Automatic client look-up feature for repeat trips allowing for quick routing Google Maps automated distance ululations as your aide Assign runs based on drivers and vehicles 4. Manufacturing Execution Scheduling :- a. Fact MESS. B. SAP MESS c. Manufacturing execution system (MESS) software is used to manage and monitor work-in-process on the factory floor. Plant managers and production personnel use MESS software to support collaborative manufacturing strategies that are designed to integrate disparate data streams from a companys supply chain, factory floor, and enterprise resource planning (ERP) system. Selecting manufacturing execution system (MESS) software requires a detailed analysis of capabilities and features. Some rodents provide operator instructions for each stage of production. Others provide finite scheduling, workflow management, resource planning, and quality analysis (CA) features. Most MESS software is designed to improve asset productivity, reduce order- to-ship times, and eliminate costly rework. Typically, industries that implement manufacturing execution system (MESS) software treat cycle-time, the total time to produce an order, as a key performance indicator (KIP). D. Machine monitoring sensors and shop floor data collection (SF) terminals transmit production data from the factory floor to manufacturing execution system (MESS) software. MESS software that includes supervisory control and data acquisition (SCADA) features can collect data from machine-mounted sensors. This information is then transmitted to a central computer for processing. In turn, software-based algorithms send real-time instructions to devices such as programmable logic controllers (PL). Some manufacturing execution system (MESS) software is designed for use with manual SF terminals. With these systems, users enter information such as Job numbers, labor codes, and production counts. E. Manufacturing execution system (MESS) software can be used to schedule tasks by facility, work center, machine, and/or employee skill set. Products that include capacity planning features allow schedulers to load Jobs against an organizations total production capacity. Advanced production scheduling (APS) offers finite scheduling options and a visual representation of projected workloads. Production requirements planning (PR) and material requirement planning (MR.) allows schedulers to define processes with multiple tasks. Manufacturing execution system (MESS) software that integrates PR and MR. with inventory management and procurement can generate a schedule which specifies when required materials should be ordered. 5. Customer Relationship Management:- a. Quality Integrity CRM b. Sotto CRM c. Age CRM Well-designed CRM includes the following characteristics: 1. Relationship management is a customer-oriented feature with service response based on customer input, one-to-one solutions to customers requirements, direct online communications with customer and customer service centers that help implement sales promotion analysis, automate tracking of a clients account history for repeated sales or future sales, and also coordinate sales, marketing, cal l centers, and retail outlets in order to realize the salesrooms automation. 3. Use of technology. This feature is about following the technology trend and skills of value delivering using technology to make up-to-the-second customer data available. It applies data warehouse technology in order to aggregate transaction information, to merge the information with CRM solutions, and to provide KIP (key performance indicators). 4. Opportunity management. This feature helps the company to manage unpredictable growth and demand and implement a good forecasting model to integrate sales history with sales projections. 5. Order Management Systems :- a. Order Motion b. Ability MOMS Order Management c. CSS Order Management Manage Your Customers Consolidate your multiple sales channels, along with your Customer, Order, Inventory, and Marketing information all within the MOMS Order Management Software Platform. Allow Customer Service Reps to have access to data at their fingertips for keeping in touch with their customers. Search, display, export, update, and reference all customer data within one user interface for Cars, sales, and marketing teams. Handle Your Orders View your transactions and order statuses live, online, 2417, while maintaining your customers order history for future up-selling and reporting. Place orders, process drop shipments, and amend existing orders from a single domain or from multiple domains and sales channels via our Order Management Software. Create purchase orders and process Vendor drop ship orders automatically via our Order Management Software. Monitor Your Inventory Predict estimated depletion dates and set automated reorder points, while keeping up -to-date on current stock levels and inventory in real time. Minimize stock on-hand and eliminate excess storage with the ability to calculate minimum order quantities and thresholds, based on previous order history and current inventory data. Increase Your Sales Configure Special Offers and E-mail Promotion by using history of sales reports. Create geographic promotions, based on product movement and popularity, down to the SKU level. Manage your Sales Reps, Affiliate Programs, and Referral Tracking, to see where your sales are coming from. Ship Your Products Generate labels, packing slips, and tracking numbers, while using multi-carrier shipment options to best suit your customers needs, all through our Order with RFC Guns, Picking, Packing and Order Processing, all with real-time inventory features. Manage auto shipments, drop shipments, and create backorder shipment options. Save Your Money Reduce shipping fees and significantly improve your shipping revenues, while keeping your customers happy. Use our Order Management Softwares automated shipment information to get a list of real-time rates that are instantly returned from major carriers. Access estimated arrival dates easily for both domestic and international shipm ents. Pass on margins or discounts based on total shipping cost or a flat rate to your end consumer. 6. Demand Planning :- a. Sotto Demand Planning Software b. Oracle Demand Planning software c. A Demand Planning Process describes the activities that are required to develop one agreed organizational plan to drive sales and operations planning and financial planning. The first stage of the process is for forecasts to be developed through statistical analysis and Judgments. The second stage is to have management and stakeholder overview of the forecasts to ensure ownership but also to override with strategic requirements, business policy and business knowledge. In large organizations, demand planning often involves overview or constraining at a central bevel, unconstrained forecasts that have been prepared at a local level. This may be to ensure fit with the overall marketing strategy of the business when supply is constrained. D. The forecasting process should be based on historical demand data, information from the market and should also account for impacts of strikes and promotions. Ideally history of sales should be demand history and not actual sales history. The reason is that sales history may reflect what the customer was forced to accept at the time due to shortcomings in customer service or business performance rather than hat they had preferred at the time. E. The management and stakeholder review is critical for obtaining ownership by sales management and is where ideally customer overview should also be obtained (collaborative forecasting). Overall, demand planning should be seen as a process using expert people supported by forecasting tools where appropriate, not the other way around. 7. Procurement Systems:- a. I sourcing Solution b. Procuring c. Oracle Ill d. Oracle Procurement software is business software that helps to automate the purchasing function of organizations. Activities including raising and approving purchase orders, electing and ordering the product or service, receiving and matching the invoice and department to see everything that is ordered, ensure that nothing can be ordered without correct approvals, and lets them get the best value by combining several orders for the same type of good or even getting suppliers to bid for the business. There are literally thousands of e-Procurement software providers. Procurement software comes in industry specific forms, such as Traced for global trade,for hospitality industry, Procuring for construction and software industries, or generically or all types of spend from software vendors like Dodo, GAP, Spend, b-pack, Arabia, SAP, Automation Centre, or Oracle. Buying organizations choice can be driven by the particular strengths offered by each individual system and the number of vendors available through them. A multinational or otherwise large organization will use a shared procurement system to take advantage of economies of scale to drive down the cost of purchases. While traditionally most e-procurement software systems have been designed for larger organizations, there are now also systems available for the SMB market, such as the Free-procurement Project by Spend. Whilst some services are available to purchase through automated systems, the key strength of these systems lies in the procurement of commodities that are much easier to standardize. . The key benefit for organizations using procurement software include ease of administration and potential long-term cost savings. Having a single interface for procurement related management information cuts down the time and effort required to monitor organizational spending. The use of such software also allows procurement managers to control the vendors used by the wider organization o all employees take advantage of negotiated rates and other terms of service. Common Features of Procurement Software Systems a. Requisitions Creation of a purchase order with line items to be fulfilled by a vendor. Automated Sending via Fax or Email b. Vendor Follow Up Automated, or reminders to follow up with Vendors to Confirm Purchase Orders. C . Receiving of Goods or Services Maintaining a physical inventory of goods. D. Financial Settlement Creation of financial and/or inventory related transactions as goods are physically received. Conclusion :- These are above described about Technologies those used in SCM process.