Globalization A Western Perspective - 3291 Words

Washington consensus, often interchangeably used with neoliberal policies, has become a rod of dissatisfaction among anti-globalization. In theory, neoliberal policies seek to industrialize Latin America through western ideas and structure under the policy of â€Å"one size fits all†. Late development theory states that not all development will follow the same path as their predecessors. Each country accounts for its own history, culture, trajectory and variables for development. Globalization while it has workers for western countries, it has not been the rightful path for newly developing countries to undertake with given set of policies as underlined by Washington consensus. Between the 1930s and the later 1970s most of the countries in†¦show more content†¦The transformation consisted of urbanization, informal employment, urban inequality, poverty and rise on crime. This transformation supported the idea of the relationship between economic policies of neo-liberalism and the resulting patterns of urbanization (Portes Roberts, ’05). Portes and Roberts theorize that the change in growth in population in the city lost intra-attraction of the big cities was due to the complex of factors that may have brought the end of ISI. However this does not discard that the relationship between open markets and the transformation of urban system is caused by neoliberal changed in the system. Policies since the 1980s is based on the premise of â€Å"globalization works†, in the sense that as the world economy becomes more globalized, as national economies becomes more intergraded into one-to-another, and as governments withdraw from changing rela tive prices set in global markets, economic performance improves. On this version of the theory, the evidence supports western interest and ideals. (Ravenhill). Globalization allows outsourcing of both manufacturing and services. â€Å"Business broke off their supply chains and looked for cheap labor sites† (Cohen and Centeno ’06). Globalization at the level of outcomes increased hugely, globalization ideas haveShow MoreRelatedGlobalization Is An Increasingly Present Phenomenon, Which1007 Words   |  5 PagesGlobalization is an increasingly present phenomenon, which influences almost everyone’s life to a certain extent. Our world is more connected than ever, and not just from an economic point of view, but from social, political, technological, and cultural as well. Globalization can be defined, analysed, tackled many ways, but this essay seeks to briefly define globalization, introduce the convergence - diversity debate, and examine the different types of organizational strategic perspectives in ChinaRead MoreThe Impact Of World Music On Music And Culture1168 Words   |  5 PagesJongseok Kim Ethnomusicology 25 Professor Ruskin 24 October 2014 Paper 1 The following readings from Bohlman, Byrne, and Fairley emphasize world music and globalization. According to Bohlman, world music is music people face ubiquitously, and includes popular, folk and art music practiced by either professionals or amateurs; it may be Western or non-Western, acoustic, electronic, and so on. Bohlman notes that world music can be marketable, profane, or sacred, and that musicians may highlight genuinenessRead MoreIntroduction Globalization960 Words   |  4 Pagesï » ¿Introduction Globalization is an ongoing process integrating economies, industries, markets, cultures, societies and policies around the world. Whether globalization is good or bad is a question that people around the globe are constantly debating over. The answer depends on which part of the world you stand on, for globalization have different impacts on every ‘participant’. The Good The good side of globalization is that it promotes open markets which allows businesses to communicate effectivelyRead MoreWestern Leadership And Global Expansion769 Words   |  4 Pagespractices from the west, as well as the one from the east. However, in this case, western leadership has played a major role in issues related to global expansion despite challenging conditions within the working environment. Undoubtedly, the world is expanding rapidly, and at the same time shrinking in some aspects that have made national borders increasingly irrelevant. In fact, global expansion has been used by western leadership to increase large scale transfer of systemic meaning, culture, and tradeRead MoreImpact of Globalization on Non Western Culture Essay1387 Words   |  6 PagesImpact of Globalization on Non Western Cultures Examples of Globalization’s Impact Globalization is far reaching in this day and age. Globalization is the worldwide flow of goods, services, money, people, information, and culture. It leads to a greater interdependence and mutual awareness among the people of the world (Tischler, 2011, 2007, p. 430). One non-Western culture that has been impacted by globalization is China. An example of the impact of globalization on China is their economy. Read MoreEffective Methods And Policies That Regulate The Flow Of Products That Negatively Affect The Wellbeing Of People951 Words   |  4 Pagessuch as illicit drugs and small arms as well as human trafficking. Some argue that globalization has caused several health issues from all around the world. In other words, the exchange of tobacco products, alcohol, and the emergence of fast food chains have resulted in higher levels of cardiovascular disease, cancers, etc., and foreign countries should regulate the advertisement of said products similar to Western societies (Pang, 2004). Both ideas seem to be in the right step towards improving globalRead MoreGlobalization And The World Economy And Global Markets Essay1270 Words   |  6 PagesGlobalization is often connected to the world economy and global markets. HoweverHowever, it is much deeper than economic exchange of goods; it also deals with people s lifestyles, culture, language, and identity. Many people support the ideology of globalization and believed it made the world a better place for global population by turning the whole globe into a well-connected village. However, the critics of globalization claim it made our world worse tha n ever before in the history, diminishingRead MoreGlobalization: An Ideology of Western Elitists? Essay examples1229 Words   |  5 PagesGlobalization, both as an ideology and process, has become the dominant political, economical and cultural force in the 21st century (Steger, 2002, 6). As a social and economic concept, globalization has its roots in neoliberalism which advocates: the primacy of economic growth, free trade to stimulate growth, a free market, individual choice, reduction of government regulation, and global social development based on a western model (Steger, 2002, 9). Although globalization is not a new concept,Read MoreGlobalization and Culture Essay1217 Words   |  5 PagesGlobalization simply defined is the intensification of global interactions. The case studies we have studied depict two of the main types of globalization. Economic Globalization, which is the production, exchange, distribution, and consumption of goods and tangible services, and Cultural G lobalization, the exchange of materials and symbols that represent facts, meaning values and beliefs. When Globalization occurs it usually has a major impact on indigenous cultures. Optimists or â€Å"champions† stateRead MoreGlobalisation -for Good or Evil847 Words   |  4 Pagesa case against globalisation, integrating both the ‘Western’ local perspectives’ Globalisation fundamentally describes the increasing interconnected nature of the world due to massive rise in economical, political, social and cultural exchanges between different countries around the globe. (Mejà ­a-Vergnaud, 2004) One significant advantage of globalisation is rapid economic growth for both the western and local nations. It has allowed western nations to penetrate into new markets and tap on cheaper

Compare and Contrast Genesis and Penetrating to the...

Topic # 3 Compare and Contrast â€Å"Genesis† and â€Å"Penetrating to the Heart of the Forest†, Looking at both myth and short story. nbsp;nbsp;nbsp;nbsp;nbsp;Although there are many similarities present, a distinct difference is made between â€Å"Genesis† and quot;Penetrating to the Heart of the Forestquot; in that â€Å"Genesis† is a mythical narrative while quot;Penetrating to the Heart of the Forestquot; is an adaptation of a mythic story (Adam and Eve) in the form of a short story. When comparing and contrasting these two stories we see similarities in storyline, themes, symbols, differences in detail, and the extent and significance of the stories themselves. nbsp;nbsp;nbsp;nbsp;nbsp;When deciding whether these†¦show more content†¦Ã¢â‚¬Å"Genesis† is able to fit the origins of life’s everyday occurrences, such as human curiosity, sin, good and evil, and a woman’s pain in childbirth into four chapters. nbsp;nbsp;nbsp;nbsp;nbsp;â€Å"Penetrating to the Heart of the Forest† is an adaptation of the story of Adam and Eve in â€Å"Genesis,† however; it cannot be classified as a myth because of its deviation from the story in the Bible and the clear presence of short story traits. While the similarities between â€Å"Penetrating to the Heart of the Forest† and the story of Adam and Eve in â€Å"Genesis† are apparent in the setting and themes, â€Å"Penetrating to the Heart of the Forest† lacks the explanation of creation and many of the fictitious aspects of â€Å"Genesis†. â€Å"Penetrating to the Heart of the Forest† contains many opposites to â€Å"Genesis† in that it has very descriptive writing style, both round and flat characters, and numerous amounts of other requirements for a short story. Descriptive detailed writing is seen when looking at the forest and village: â€Å"The straw-thatched villages looked like inhabited ga rdens, for the soil was of amazing richness and flora proliferated in such luxuriance† (Carter 53). Another evident example of short story characteristics is the presence of both static characters, like Dubois and the villagers, and dynamic characters, such as Emile and Madeline. When looking at these two narratives, weShow MoreRelatedOrganisational Theory230255 Words   |  922 PagesPhil, 1955III. Title. HM786.M33 2007 302.3’5—dc22 2006022347 10 9 8 7 6 5 4 3 2 1 10 09 08 07 06 Typeset in 10/12.5 pt sabon by 72 Printed by Ashford Colour Press Ltd., Gosport The publisher’s policy is to use paper manufactured from sustainable forests. . Brief Contents Preface List of figures List of tables Acknowledgements xiii xvii xix xx 1 2 3 4 5 6 7 8 9 10 Introducing organization theory: what is it, and why does it matter? Modernist organization theory: back to the futureRead MoreLogical Reasoning189930 Words   |  760 Pagessituation with Emilio and Juanita, you might have quickly agreed to let Emilio taste the water first to see whether it had Giardia. Perhaps only later would you have thought about the consequence of his becoming too sick to hike back out of the forest. Would you have been able to carry him back to safety? Faced with a question of what to do or believe, logical reasoners try to weigh the pros and cons if they have the time; they search around for reasons that might favor their conclusion whileRead MoreProject Managment Case Studies214937 Words   |  860 Pagesinteracting with other departments to minimize manufacturing problems. Project management reduces suboptimization among functional areas and induces cooperation. Both company and department goals can be achieved. It puts an end to the can t see the forest for the trees syndrome. Harold Grimes, plant manager I think that formal project management will give us more work than longterm benefits. History indicates that we hire more outside people for new positions than we promote from within. Who will

Development politics-political science Free Essays

string(124) " way for the explanation of development policy in terms of a discretionary, type of economic management at the state level\." The development of economic thought on proper public policy has followed (if not led) political tides in developing countries. In the expedition for paradigm dominance in economics and sub disciplines such as development economics, neo-classicism appears to have won out. The market leaning thrust of the development â€Å"counter revolt† is now reflected in the conditionality underlying international policy restructuring, that is, the escalating pressure exerted on developing countries to lessen the scope of government intervention, craft more open policies, and the distended use of conditional development assistance as a means of enforcing conformity. We will write a custom essay sample on Development politics-political science or any similar topic only for you Order Now This must be interpreted from the viewpoint of a more invasive worldview that has perceived excessive government contribution as becoming more obtrusive in more developed and developing countries alike. Mill defined clearly the policy reform of classical economic liberalism. Thus it is helpful to look at the justified government interventions listed in his Principles. He begins his chapter ‘Of the Grounds and Limits of the Laissez-faire or Non-interference Principle’ by distinctive types of intervention. The first he calls authoritative intrusion, by which he means legal prohibitions on private actions. Mill argues on moral grounds that such prohibitions must be limited to actions that affect the interests of others. Although even here the obligation of making out a case always deceit on the defenders of legal prohibitions. Scarcely several degree of utility, short of absolute necessity, will rationalize a prohibitory regulation, unless it can also be made to suggest itself to the general principles. The second form of intervention he calls government agency, which exists ‘when a government, instead of issuing a command and enforcing it by penalties, [gives] advice and promulgates information . . . or side by side with their [private agents] arrangements [creates] an agency of its own for like purpose’. Thus the government can provide various private and public goods, but without prohibiting competing private supply. The examples Mill gives are banking, education, public works, and medicine. (Mill, 1909) The majority of the government interventions Mill permits belong to this second category. But he warns against their costs: they have great fiscal consequences; they boost the power of the government; all additional function undertaken by government is a fresh job imposed upon a body already charged with duties. So that most things are ill done; much not done at all,’ and the consequences of government agency are expected to be counterproductive. In a passage that is prophetic about the structure of numerous public enterprises in developing countries, he writes: The inferiority of government agency, for example, in any of the common operations of industry or commerce, is proved by the fact, that it is hardly ever able to maintain itself in equal competition with individual agency, where the individuals possess the requisite degree of industrial enterprise, and can command the necessary assemblage of means. All the facilities which a government enjoys of access to information; all the means which it possesses of remunerating, and therefore of commanding the best available talent in the market–are not an equivalent for the one great disadvantage of an inferior interest in the result. (Mill, 1909) On these grounds he concludes: ‘few will dispute the more than sufficiency of these reasons, to throw, in every instance, the burden of making out a strong case, not on those who resist, but on those who recommend, government interference. Laissez-faire, in short, should be the general practice: every departure from it, unless required by some great good, is a certain evil’. (Mill, 1909) But Mill also gives a bridge to the ideas that were later to weaken economic liberalism. The most significant of these was the collective ideal of equality, which was later used to develop a powerful cure to the liberal tradition through Marxism and was executed as state socialism by the Bolsheviks. Thus Mill permits various forms of government agency; numerous of which echo what later came to be accepted as causes of market failure, that prima facie could rationalize appropriate government intervention. Such grounds might be externalities in the stipulation of basic education and public services (like lighthouses), and the require to administer financial institutions against fraud, or to resolve diverse forms of what today would be called Prisoners’ Dilemmas. Mill also cited the relief of poverty as another potential reason for government involvement: The question arises whether it is better that they should receive this help exclusively from individuals, and therefore uncertainly and casually, or by systematic arrangements in which society acts through its organ, the state (Mill, 1909). Hence, he argued, the claim to help, . . . created by destitution, is one of the strongest which can exist; and there is prima facie the amplest reason for making the relief of so extreme an exigency as certain to those who require it, as by any arrangements in society it can be made (Mill, 1909). On the other hand, in all cases of helping, there are two sets of consequences to be considered; the consequences of the assistance, and the consequences of relying on the assistance. The former are generally beneficial, but the latter, for the most part, injurious; so much so, in many cases, as greatly to outweigh the value of the benefit. And this is never more likely to happen than in the very cases where the need of help is the most intense. There are few things for which it is more mischievous that people should rely on the habitual aid of others, than for the means of subsistence, and unhappily there is no lesson which they more easily learn. The problem to be solved is therefore one of peculiar nicety as well as importance; how to give the greatest amount of needful help, with the smallest encouragement to undue reliance on it (Mill, 1909). This is a discerning summary of both the attractions and consequences of welfare programmes, which has since been authorized empirically. Though, by assigning a larger and endogenous role for the state or public sector in the economy, Keynes set the way for the explanation of development policy in terms of a discretionary, type of economic management at the state level. You read "Development politics-political science" in category "Papers" Thus, planning came to be viewed as a helpful mechanism for overcoming the deficits of the market-price system, and for enlisting public sustain to attain national objectives linked to economic growth, employment formation, and poverty mitigation. It was against this backdrop that the pioneers of contemporary development economics developed Keynesian and Pigovian critiques of the market-price means to advocate the need for planned development. Since development could not be left completely to market forces, government investment was thought to be desired to create â€Å"social transparency capital† as a means of laying the basics for the developing countries to â€Å"take off† on the flight toward self-sustained economic growth. From the viewpoint of Pigovian externalities, the private sector could not be estimated to invest at adequately high levels in the formation of such forms of capital as of increasing returns to scale, technological externalities, and the reality that such investments tend to exhibit the characteristics of public goods. As neo-classical-type adjustment or marginal changes could not effectively address the problem at hand, planning was visualized as a necessary means of developing macroeconomic targets and providing the organizing efforts and consistency requisite for the preferences of society to be recognized. In the economic management of both the more developed and less developed countries, a good deal of controversy has surrounded Keynes’s advocacy of more state intervention. As he wrote in his Essays in Persuasion, â€Å"I think that capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself, it is in many ways extremely objectionable. Our problem is to work out a social organization which shall be as efficient as possible without offending our notions of a satisfactory way of life. â€Å" Contextually, Keynes’ rejection of laissez-faire cannot be construed as an support of the bureaucratic type of planning that was once popular in former socialist countries and the developing world. The issue had surfaced throughout the celebrated Socialist Calculation debate of the interwar years as a means of showing why a decentralized market economy is probable to provide a greater degree of socio-economic coordination than a central one. Specifically, Nobel Laureate Friedrich Hayek (1935) had argued that growing political involvement in the economic system would ultimately lead to totalitarian dictatorship. Hayekian anti-Keynesianism was to conduct in the idea of a â€Å"dirigiste dogma,† or the potential dangers innate in government solutions to economic and social problems. Yet, it can be contradicted that the â€Å"dogma† was perhaps more pertinent to his disciples than to Keynes himself. As, his analysis of the British economy throughout the thirties was based on assumptions concerning rationally functioning markets. The case for planning was restricted to the concern of a macroeconomic framework in which microeconomic choices could be reasonably orchestrated. The guiding viewpoint was that in the absence of a proper macroeconomic â€Å"enabling† environment, markets will engender the kind of stagnation implied in underemployment equilibrium. At the international level, as a result, the counter-revolution was translated into a revisionist loom to North-South relations based on an extolment of the advantages of Adam Smith’s â€Å"invisible hand† over the difficulties of the â€Å"visible hand† of statism. Contextually, the â€Å"poverty of development economics† has been accredited to the â€Å"policy induced, and thus far from expected distortions formed by irrational dirigisme† (Lal 1983: 1). In his view, conventional development economics was not simply too dogmatic and dirigiste in its orientation, but also sustained by a number of â€Å"fallacies,† including: (i) the belief that the price-market mechanism must be displaced rather than supplemented; (ii) that the efficiency gains from enhanced allocation of given resources are quantitatively irrelevant; (iii) that the case for free trade lacks soundness for developing countries; (iv) that government control of prices, wages, imports, and the allocation of productive assets is a indispensable prerequisite for poverty improvement; and (v) that rational maximizing behavior by economic agents is not a common phenomenon. Besides advocating a smaller role for the state, Lal also joins hands with Hayek in arguing that nothing must be done about income distribution. â€Å"We cannot . . . identify equity and efficiency as the sole ends of social welfare . . . Other ends such as liberty are also valued. . . . [And] if redistribution entails costs in terms of other social ends which are equally valued it would be foolish to disregard them and concentrate solely on the strictly economic ends† (Lal 1983: 89). This argument can be construed to mean that no matter how considerable the welfare gains that are probable to accrue from redistributive policies, no liberty is ever worth trading or forfeiting. Besides the ideological tunnel vision that lies at the heart of such a claim, it can be argued that the potential of attaining authentic development depend as much on the sensitivity of the state to distributive justice as on the competence and locative goals stressed in neoclassical economics or the â€Å"liberty† that is the focus of â€Å"new† classical political economy. Peter Bauer, another inner figure in the counter-revolution, challenges the major variations in economic structure and levels of developmental attainment among countries must be explained in terms of equivalent differences in resource endowments and individualistic orientations. This viewpoint rests on a basic belief that the inherent potentials of individuals can be drawn out throughout the play of market forces. Contextually, he states (1981: 8s), â€Å"the precise causes of differences in income and wealth are complex and various. . . . [I]n substance such differences result from people’s widely differing attitudes and motivations, and also to some extent from chance circumstances. Some people are gifted, hardworking, ambitious, and enterprising, or had farsighted parents, and they are more likely to become well off. â€Å" In turn, such attributes are measured accountable for the East Asian success stories, or a demonstration of the legality and correctness of the individualistic free market approach to economic development. In more general terms, the achievement of these countries is interpreted as a substantiation of the domain assumptions of neo-classical economic theory: that competent growth can be promoted by relying on free markets, getting prices to replicate real scarcities, liberalizing trade policy, and authorizing international price signals to be more generously transmitted to the domestic economy. On the whole idea, therefore, is that market-oriented systems with private incentives lean to show a superior performance in terms of growth attainment. In general, critics of the â€Å"dirigiste dogma† such as Hayek, Lal, and Bauer assert that, compared to countries in the more developed division of the world, most governments in the less developed sector lack the type of knowledge and data required for rational intervention, are often less democratic, and often exhibit motives that are at inconsistency with Keynesian-type or structuralist objectives of growth with redeployment and full employment. The reaction is that markets in both sectors of the world are less liberated than is usually supposed, lack the capability for making rational decisions, and particularly in the developing world, not always adequately organized to effectively convey the essential price signals. There is numerous element of truth in both the anti-Keynesian and Keynesian/structuralist perspectives. Where the balance is lastly drawn becomes an issue of ideology and slanted judgment rather than scientific economic analysis. In any event, the path follo wed by any particular country is typically constrained by its historical and socio-cultural situation. In addition, the obstruction of local forms of industrial development led to the configuration of a modern middle class of â€Å"petit bourgeoisie† comprising army officials, government bureaucrats, civil servants, teachers, and related cadres. In certain regions and countries, they integrated small traders, â€Å"progressive farmers,† â€Å"middle peasants,† and similar groups that come to obtain increasing importance in the absence of meaningful industrialization. They were to become the prime advocates of state capitalism and other forms of â€Å"national developmentalism. † In conclusion, approximately all states in the developing world are domineering in varying degrees. Several are classic cases of the predator or rentier state in which everything is part of a ruler’s individual fiefdom and high offices are up for sale to the highest bidders. There are a few cases, yet, where governments have established some measure of institutional consistency in the detection of collective development goals. Needless to say, the situation diverges from one historical or political framework to another. The majority of developing countries have no substitute but to rely on a strong and focused government to map out a strategic development way. The obstinate theoretical and practical question relics why different types of interventionist states with command over similar resources and instruments of control tend to show extremely conflicting development orientations and end up on dissimilar development paths. The consensual view is that the great majority have remained â€Å"regulatory† or â€Å"obstructionist† and are far back on the road to becoming real â€Å"development states† that portray the vision and capability needed to promote necessary development goals. Achievement of the latter depending not so much on the dimension of the government apparatus but more on its quality and efficiency. This has been established by the development experience of Nordic and East Asian countries, which have been thriving in meshing interventionist schemes with the market mechanism, as well as in cultivation resilient coalitions of modernizing interests in the structuring of national development agendas. Traditionally, such coalitions have resultant their integrity, credibility, and political legality from the nation’s collective aspirations. The centralization of decision making has been efficiently combined with flexibility in dealing with technical and market conditions. Goals and policies have been continually interpreted and reinterpreted on the basis of organizational networks between party organizations, public officials, and private entrepreneurs. This is not meant to propose that what has worked in the flourishing corporatist models of the Nordic countries and the Sinitic world, particularly Japan, can or should be replicated in the late-developing world. In the first place, the social and cultural homogeneity in both regions have made the counterfeiting of a political consensus much easier. Second, the tensions that continuously arise between the spoken interests of organized classes, pressure groups, and the state influential responsible for policy formulation and implementation cannot be resolved in a context free or institutionally neutral manner. The state remains a â€Å"strategic actor in the game of mixed conflict and cooperation amongst other groups† (Bardhan 1988: 65). Under the conditions, the nature of developmental outcomes eventually depends on its ability to determine conflicts and make compromises in an open political milieu. The directness of the political process determines the nature and efficacy of the development delivery system and the degree to which consensual relationships can be recognized and nurtured with labor, business, people’s organizations, and the rustic sector. How to cite Development politics-political science, Papers

Heterogeneous Business Process Models - MyAssignmenthelp.com

Question: Discuss about the Heterogeneous Business Process Models. Answer: Introduction Collaboration of the business firms and companies is not a new concept. With the increase in the competition in the market in every business sector in the current era, the collaboration and partnerships have increased. There are five holiday resorts that are collaborating with each other to operate as one unit named as Monet. Monet will be based out and functional from Australia and will provide the customers with several stay options like hotel rooms, Homestays, hostels etc. One website will be set up and used for business activities of Monet instead of five standalone applications. There will also be a mobile application available for the customers. The report covers the details of the collaborations with issues, strategies and opportunities. The customers will be served better with an enhanced engagement with the organization through a loyalty programme which has been termed as MonetLoyalty. It will include additional services to the customers like free meals, additional discounts etc. (Orlitzky, 2015). There will be interactive tools that will be set up so that the users may easily understand the services and offers themselves. An ERP solution will be used for the overall integration of the business operations. Web 4.0 medium will be used for providing the customers with the ability to self-manage their accounts and manage their bookings (McBurney, 2015). The terms and conditions of execution of the business firms, roles to be fulfilled by each of the five units and profit sharing have been decided legally. The aspects of the website in terms of functional, system and user qualities have been determined (Popp, 2017). The required costs for the collaboration have been estimated and the funds have been arranged. The estimated schedule to be followed has been designed. Information System (IS) v/s Information Technology (IT) There are a lot many terms that come under the domain of technology. There are technocrats that understand these terms as they use them frequently. However, there are a few common and widely used terms and concepts that shall be known by all irrespective of their technical backgrounds. Two such concepts that face a lot of confusion are Information System (IS) and Information Technology (IT). These two have different meaning, definition, purpose, utility and concept. Information System (IS) stands for the discipline that covers the management of the information quality and availability along with its associated activities. The information sets that are present nowadays are treated with various operations like storage, addition, deletion, update, backup, copy etc. Any of the problems that come up during these operations that may impact the information properties covering quality and availability are considered as issues under IS (El-Awad, 2017). Information Technology (IT) is a discipline in which the technical infrastructure around the information coverings its maintenance and related services are present. There are many technical tools being used for the executing of every business task and that includes the management, maintenance and processing of information as well. The technical, operation and infrastructural issues that appear in this area are the issues under IT (Bruni, 2014). Issues under Information System (IS) The information availability may poorly suffer with the occurrence of the attacks such as denial of service and distributed denial of service. Performance of the operations may not be adequate due to the deviations from the standard set of practices. There may be issues in the communication between the parties involved which may lead to the difficulty in understanding and incorrect execution of operations. The frequent occurrence and execution of the issues under IS that have been listed above would lead to various implications on the customers associated with Monet. The customers always expect and demand a non-interrupted service without any lags or downtime. This expectation will not be met due to these issues. There are also many other similar setups in the market offering similar services and the customer will get attracted towards them leading to decreased customer base and revenues. The market reputation and brand recognition will also come down have a negative implication on the customer trust. Issues under Information Technology (IT) Many technical tools and applications will be used in the functioning of Monet for the setting up of the website and mobile application, their databases, maintenance and integration etc. There may be a technical error or fault that may come up in association with these components (Antunes, 2014). With the presence of so many different tools and applications, there may also be compatibility or integration issues that may be witnessed (Secundo, 2017). This may lead to the breakdown of the overall system as the sub-systems will not be operational without integration with each other. The frequent occurrence and execution of the issues under IT that have been listed above would lead to various implications on the customers associated with Monet. The customers always expect and demand a non-interrupted service without any lags or downtime. This expectation will not be met due to these issues. There are also many other similar setups in the market offering similar services and the customer will get attracted towards them leading to decreased customer base and revenues. The market reputation and brand recognition will also come down have a negative implication on the customer trust (Fengel, 2014). New Customers Strategies and Decision Making The success of any business is determined by several key performance indicators and success criteria. However, one of the easiest ways to determine the same is the customer base and customer feedback. The engagement of more number of customers with a business unit is a sign that the business is offering good services to keep its customers satisfied. The expansion of customer base is a must for the business units to earn expected revenues. There are strategies that have been suggested for Monet to attract new customers for enhancement of the customer base. There are specific customers that are associated with the five holiday resorts that will be collaborating with each other for the rise of Monet. There are still large shares of customers that are not associated with any of these five resorts and Monet will be an entirely new concept for them. Such customers shall be provided with introductory offers to join the team of Monet as privileged clients. Marketing is a medium to let the users and customers know about the latest business developments, activities and offerings. The customers will take up the services only when they are aware about the terms and conditions and are completely assured about the offers that are being provided. Monet must also make complete use of marketing channels with a special focus on social media marketing. In this form of marketing, the social media groups shall be used for interacting with the customers, gaining their feedback to understand their expectations, posting about the new business initiatives and offers along with online contests for customer engagement and attraction. The market trends and customer expectations are frequently changing due to the new set of services being offered by different entities in the market. It is necessary to have an updated picture of the market trends and patterns all throughout in order to make sure that the services that are being offered are as per the demands. The Monet team must use the advanced data tools for data analysis and study (Wamba, 2017). The range of services in terms of the type of rooms for stay and the associated services shall fulfill the needs of all the customer types. The strategies that are designed must also focus upon the customer categories such as families, solo travelers, travel groups, backpackers etc. Online payments are being used in every business field. However, there are various cases in terms of security attacks that have been observed in the past in association with the online payments. Monet must use a secure payment gateway so that the customers are assured and have the confidence to carry out the payment activities. There shall also be a good use of emails and messages done in the festive seasons to let the customers know about the special offers and deals being provided by Monet (Brocke, 2014). New Business Opportunities The customers in the present day are looking for a solution that offers that an integrated service for serving all of their needs. This trend has been observed in many different sectors and travel industry is also an example of the same. The customers wish to have an application that may allow them to book flights, hotels, plan itineraries, and arrange for transportation etc. through a single medium only. Monet must actively look out for new business opportunities so that they maintain a competitive edge in the market and server their customers better. As soon as the customers book a place to stay in their choice of destination, they must be provided with the suggestions on the places that they may visit in their selected destination and details of each of these places. They shall be allowed to have an automated itinerary created on the basis of their dates of travel. Monet must further collaborate with the transportation agencies in different cities for arrangement of the various modes of transport as preferred by the customers (Giudice, 2016). There is a rapid change in the customer expectations and the demands in the market that has been observed. It is necessary to have an updated picture of the market trends and patterns all throughout in order to make sure that the services that are being offered are as per the demands. The Monet team must use the advanced data tools for data analysis and study There shall be a study of the customers in terms of their frequency of travel and they must be provided with the offers and deals accordingly (Ferretti, 2016). Travel and tourism industry has witnessed a rapid growth in the recent years. Earlier, people were restricted to only the popular destinations to travel. However, the trend is now changing as the people often look out for off-beat destination and lesser known places to explore. There is often a challenge of places to stay in such locations that crop up. Monet must look out for such destinations and must collaborate with property owners to provide Homestays in such locations. With the current lifestyle, people are taking time out of their busy schedule to travel and refresh their minds. They always make sure that the experience that they gain during their holiday is good and there are no issues with accommodation and transportation. Monet must make sure that this expectation of the customers is met and must make use of the latest technical tools so that it succeeds in offering innovative and demanded services to the customers. Conclusion There are five holiday resorts that have decided to collaborate with each other to set up Monet in Australia. The set of operations that are individually being carried out by these five units will be different from the execution of the operations as a single unit. There will be many changes that will be introduced in terms of the nature of business and the set of operations. It will be required to make sure that there is in-depth analysis and planning done before the launch of Monet in the market so that the customer experience is not affected at any stage. There are a few IT and IS issues that have been pointed out in the report that may come up. These issues shall be managed by using risk management approach by using various technical and administrative controls to handle these issues. Strategy and decision making will be an important aspect of the business operations and Monet must work on these parameters adequately. It must create the strategies in such a manner that the demands of the existing customers are met and there are new customers that join the business unit. There shall also be other business opportunities that must be researched in the areas of transportation, itinerary planning etc. References Antunes, A. (2014). MUVE IT: reduce the friction in business processes, 20(4), 571-597. https://dx.doi.org/10.1108/BPMJ-07-2013-0093 Brocke, J. 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