Tag: Financial Accounting

  • [Solved] Tesla

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    [>Marketing homework help](https://www.sweetstudy.com/fields/business-finance-marketing) _**Step 1**_ Review the _Strategic Management: A Competitive Advantage Approach, Concepts, and Cases_ textbook and find and study the case information about your selected company. – List the firm's strengths, we…

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    [>Marketing homework help](https://www.sweetstudy.com/fields/business-finance-marketing)

    _**Step 1**_

    Review the _Strategic Management: A Competitive Advantage Approach, Concepts, and Cases_ textbook and find and study the case information about your selected company.

    – List the firm's strengths, weaknesses, opportunities, and threats. Consider both internal and external factors when compiling your list.
    – Go to that firm's website and locate and click on the link for Investors. Click "Annual Reports" and then click "202X Annual Report" or "Form 10K." Select the most recent year option.
    – Download this PDF file to your desktop. Peruse the information and add to the results of your analysis of the firm's strengths, weaknesses, opportunities, and threats.

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    logistics discussion

  • [Solved] Logistics Discussion 3

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    [>Operations Management homework help](https://www.sweetstudy.com/fields/business-finance-operations-management) **files (1)** – ## DiscussionAssignmentInstructionsLogisticsweek3.docx **## DiscussionAssignmentInstructionsLogisticsweek3.docx** BUSI 615 **Discussion Assignment Instructions** You will …

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    **files (1)**

    – ## DiscussionAssignmentInstructionsLogisticsweek3.docx

    **## DiscussionAssignmentInstructionsLogisticsweek3.docx**

    BUSI 615

    **Discussion Assignment Instructions**

    You will complete 4 Discussions over the duration of this course. These Discussions will cover the following topics:

    · Manufacturing Resource Planning

    · Enterprise Resource Planning

    · Logistics Information Systems

    · Implementation of a Logistics System

    Each will be completed over a period of 2 Module: Weeks and will consist of 2 parts: the initial thread and replies. The Discussions allow you the opportunity to apply what you have learned from the assigned Learn material. Evidence of critical thinking through comparing and contrasting evidence which highlights pitfalls, weaknesses in theory and application and contextual relevancy is expected in both your main contribution and your replies to colleagues.

    Each Discussion will consist of the topic and at least 2 replies to 2 other classmates’ threads. All posts must be written in current APA format in a substantive manner and must not contain spelling and/or grammar errors.

    **The Thread**

    Use the Internet to search for at least 5 scholarly resources that relate to the topic and have been published within the last 5 years. Find articles that discuss opposing views of the topic or highlight problems in implementation and achieving above or below expectations. Academic articles and journals must be reputable and obtained from professional websites that address the content of this course. Popular magazines and online sources such as Wikipedia are not permissible.

    After reading the articles, select 1 article relating to the topic and address its purpose, analysis, conclusions and recommendations. If the formatting could be lost from the text box, attach a Word file to your thread, and adhere to the following format:

    1.
    **Key Concept Explanation:** Define the key topic by using a source other than the textbook. Give a clear, concise overview of the essential elements relevant to understanding the key topic. In addition, explain why you are interested in this topic (e.g., academic curiosity, application to a current issue related to employment, or any other professional rationale) (about 200 words).

    1.
    **Comparison:** Compare your research with what you have studied during the module/week in which the key topic/thread is assigned. Note differences or commonalities about the key topic, providing evidence that you have extended your understanding of this topic beyond the textbook readings. Hence the need to find opposing/cautionary/beneficial perspectives in your research. This is an opportunity for you to cite the additional articles you originally researched. Note: All references must be used at some point in the body of your main submission and replies. References without application to your narratives will be discounted. This section must be at least 300 words.

    1.
    **Article Summary:** In your own words, provide a clear and concise summary of the article you selected. This section must be at least 200 words.

    1.
    **Application:** Specifically state how the key topic has been applied to real-world businesses or describe the potential the key topic must influence today’s business world. Consider also the potential for overstating expectations. Your application must possess a professional rationale that demonstrates the significance of the key topic. This section must be at least 300 words.

    1.
    **Annotated Bibliography:** Cite the articles you researched in current APA format. An annotation must accompany each citation. Each annotation will consist of a descriptive and evaluative paragraph that is at least 100 words. The annotations are designed to help your classmates in their understanding of the topic. In addition, provide a persistent link for each article.

    **The Replies**

    You will be required to write substantive replies to a minimum of 2 other classmates’ threads. Each reply must be a minimum of 500 words and include at least 2 scholarly resources. Acceptable sources include the textbook, the Bible, outside scholarly articles, etc.

    Substantive replies, in contrast to perfunctory replies, add value to the forum, enhance learning, and contain references to any new concepts or ideas presented.

    The following suggestions will aid you in successfully composing substantive responses:

    · Compare/contrast the findings of others with your research. Demonstrate critical thinking.

    · Compare how the findings of others relate/add to the concepts learned in the required readings. Demonstrate critical thinking.

    · Share additional knowledge regarding the key topic that relates to the thread. Demonstrate critical thinking.

    Plagiarism will not be tolerated. Review your posts and the Student Expectations prior to submission in order to ensure that your sources are properly cited.

    If you need any assistance in writing, format, or persistent links, the Liberty University Online Writing Center will be able to help you.

    Submit your initial thread by 11:59 p.m. (ET) on Sunday of the assigned Module: Week and your replies to colleagues by 11:59 p.m. (ET) on Sunday of the following Module: Week (the Sunday reply deadline provides opportunity for further interaction to your replies – a growing thread is evidence of increasing value to you and your colleagues through learning and relevant critical engagement with the topic). In module 8, the deadline is Friday of that week.

    **## DiscussionAssignmentInstructionsLogisticsweek3.docx**

    BUSI 615

    **Discussion Assignment Instructions**

    You will complete 4 Discussions over the duration of this course. These Discussions will cover the following topics:

    · Manufacturing Resource Planning

    · Enterprise Resource Planning

    · Logistics Information Systems

    · Implementation of a Logistics System

    Each will be completed over a period of 2 Module: Weeks and will consist of 2 parts: the initial thread and replies. The Discussions allow you the opportunity to apply what you have learned from the assigned Learn material. Evidence of critical thinking through comparing and contrasting evidence which highlights pitfalls, weaknesses in theory and application and contextual relevancy is expected in both your main contribution and your replies to colleagues.

    Each Discussion will consist of the topic and at least 2 replies to 2 other classmates’ threads. All posts must be written in current APA format in a substantive manner and must not contain spelling and/or grammar errors.

    **The Thread**

    Use the Internet to search for at least 5 scholarly resources that relate to the topic and have been published within the last 5 years. Find articles that discuss opposing views of the topic or highlight problems in implementation and achieving above or below expectations. Academic articles and journals must be reputable and obtained from professional websites that address the content of this course. Popular magazines and online sources such as Wikipedia are not permissible.

    After reading the articles, select 1 article relating to the topic and address its purpose, analysis, conclusions and recommendations. If the formatting could be lost from the text box, attach a Word file to your thread, and adhere to the following format:

    1.
    **Key Concept Explanation:** Define the key topic by using a source other than the textbook. Give a clear, concise overview of the essential elements relevant to understanding the key topic. In addition, explain why you are interested in this topic (e.g., academic curiosity, application to a current issue related to employment, or any other professional rationale) (about 200 words).

    1.
    **Comparison:** Compare your research with what you have studied during the module/week in which the key topic/thread is assigned. Note differences or commonalities about the key topic, providing evidence that you have extended your understanding of this topic beyond the textbook readings. Hence the need to find opposing/cautionary/beneficial perspectives in your research. This is an opportunity for you to cite the additional articles you originally researched. Note: All references must be used at some point in the body of your main submission and replies. References without application to your narratives will be discounted. This section must be at least 300 words.

    1.
    **Article Summary:** In your own words, provide a clear and concise summary of the article you selected. This section must be at least 200 words.

    1.
    **Application:** Specifically state how the key topic has been applied to real-world businesses or describe the potential the key topic must influence today’s business world. Consider also the potential for overstating expectations. Your application must possess a professional rationale that demonstrates the significance of the key topic. This section must be at least 300 words.

    1.
    **Annotated Bibliography:** Cite the articles you researched in current APA format. An annotation must accompany each citation. Each annotation will consist of a descriptive and evaluative paragraph that is at least 100 words. The annotations are designed to help your classmates in their understanding of the topic. In addition, provide a persistent link for each article.

    **The Replies**

    You will be required to write substantive replies to a minimum of 2 other classmates’ threads. Each reply must be a minimum of 500 words and include at least 2 scholarly resources. Acceptable sources include the textbook, the Bible, outside scholarly articles, etc.

    Substantive replies, in contrast to perfunctory replies, add value to the forum, enhance learning, and contain references to any new concepts or ideas presented.

    The following suggestions will aid you in successfully composing substantive responses:

    · Compare/contrast the findings of others with your research. Demonstrate critical thinking.

    · Compare how the findings of others relate/add to the concepts learned in the required readings. Demonstrate critical thinking.

    · Share additional knowledge regarding the key topic that relates to the thread. Demonstrate critical thinking.

    Plagiarism will not be tolerated. Review your posts and the Student Expectations prior to submission in order to ensure that your sources are properly cited.

    If you need any assistance in writing, format, or persistent links, the Liberty University Online Writing Center will be able to help you.

    Submit your initial thread by 11:59 p.m. (ET) on Sunday of the assigned Module: Week and your replies to colleagues by 11:59 p.m. (ET) on Sunday of the following Module: Week (the Sunday reply deadline provides opportunity for further interaction to your replies – a growing thread is evidence of increasing value to you and your colleagues through learning and relevant critical engagement with the topic). In module 8, the deadline is Friday of that week.

  • [Solved] ITC 5301 VIII J

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    [>Management homework help](https://www.sweetstudy.com/fields/business-finance-management) **files (3)** – ## ManagementInformationSystemsITC5301UnitVIIIJournal.docx – ## UnitVStudyGuide.pdf – ## UnitVIIIStudyGuide.pdf **## ManagementInformationSystemsITC5301UnitVIIIJournal.docx** 2 Management Infor…

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    **files (3)**

    – ## ManagementInformationSystemsITC5301UnitVIIIJournal.docx

    – ## UnitVStudyGuide.pdf

    – ## UnitVIIIStudyGuide.pdf

    **## ManagementInformationSystemsITC5301UnitVIIIJournal.docx**

    2

    Management Information Systems ITC 5301 Unit VIII Journal

    This journal measures your mastery of ULOs 2.3, 3.3, 3.7, and 5.5.

    Reflect on how you can apply the concepts learned in this course in your future professional, personal, or academic pursuits. Given the ubiquity of global corporations in the current economy, reflect on the following:

    · Discuss how electronic commerce provides competitive advantages.

    · Examine global business trends.

    · Discuss organizational challenges of globalization.

    · Explain the importance of information systems in global corporations.

    Your journal entry must be at least 200 words in length. No references or citations are necessary.

    **## UnitVStudyGuide.pdf**

    ITC 5301, Management Information Systems 1

    Course Learning Outcomes for Unit V

    Upon completion of this unit, students should be able to:

    3. Explain how information technology systems influence organizational strategies.
    3.3 Discuss how electronic commerce provides competitive advantages.

    5. Critique core information systems applications from a business perspective.

    5.4 Explain the value added to organizations by implementing advanced information systems
    solutions.

    Required Unit Resources

    Chapter 9: Achieving Operational Excellence and Customer Intimacy: Enterprise Applications

    Chapter 10: E-Commerce: Digital Markets, Digital Goods

    Unit Lesson

    Advanced Information Systems

    What exactly are advanced information system solutions?

    Most people who have worked in an office setting have a good understanding of the processes that affect
    their everyday lives. They understand the data they enter or scan is stored in a database, and certain
    processes they run may close out a monthly account, process a payroll run, or bill a customer. These types of
    processes, while they seem separate, are often very integrated.

    In years past, organizations had large mainframes. These mainframes had to process transactions in
    batches, usually at night, and until that batch process happened, the screens you were viewing were not
    always completely correct. For example, you could place an order for a customer, but you might not see the
    order until the next day. Unfortunately, that also meant that you could not see the inventory reduction until the
    next day as well. This means that you might place an order, and there might not be any of that item left in
    stock at the time. A salesperson or customer service representative might have to go look at three or four
    different screens to get a good picture of the customer’s account health or to research a problem, even with
    this batching process. Once client-servers came to organizations, you might have to look at two completely
    different computers to research that same problem. This was commonplace until organizations could get all of
    their data and processes moved off of those old mainframes.

    Now that businesses have grown so much, many of them have multiple product lines, systems, servers, and
    databases. In the past, managers would have to wait for big printouts of various reports to make business
    decisions. An enterprise resource planning (ERP) system works to integrate all of those critical systems
    together so they can talk to each other. The applications that make-up the enterprise software are created
    based on predefined best business practices. For example, when a business purchases a piece of
    equipment, that order is entered into accounting the same way for all businesses. If a customer makes a
    purchase, it should generally be handled the same way. When you hire someone, you have the same laws to
    follow. There may be some customization, but that is handled in the application as well (Laudon & Laudon,
    2016).

    So, from a management perspective, what is the value in enterprise systems?

    UNIT V STUDY GUIDE
    Advanced Information System
    Solutions and E-Commerce

    ITC 5301, Management Information Systems 2

    UNIT x STUDY GUIDE
    Title

    This is the question we have to ask ourselves when adopting any sort of information systems solution. We do
    not just spend a large amount of money on something without understanding the value it offers us as a
    company. We have discussed the value of data in previous chapters. One of the other reasons enterprise
    systems bring us value is that they also help us to have firm-wide information to make better decisions.

    (Vaeenma, n.d.)

    Supply Chain Management (SCM)

    Many large organizations such as Walmart and Amazon use SCM to help their organization manage its
    suppliers and goods more efficiently. If you have thousands of suppliers and hundreds of thousands of orders,
    it would be impossible to keep up with everything. SCM software can manage all of this and allow for
    forecasting and decision-making as well. Imagine if many of your suppliers are in other countries; this means
    you have a global supply chain that is even more complex to manage.

    The case study “The Coronavirus Pandemic Disrupts Supply Chains Around the World Case Study” in
    Chapter 9 of your eTextbook provides a good example of the current supply chain problem.

    According to the Global Health Policy website, the COVID-19 pandemic's impact on the global economy has
    been significant, with the International Monetary Fund (IMF) estimating that the median global GDP dropped
    by 3.9% from 2019 to 2020, making it the worst economic downturn since the Great Depression (Oum, Kates,
    & Wexler, 2022).

    During the pandemic, social distance and quarantining created spikes in demand for certain products, such as
    toilet paper and hand sanitizer, and drops in demand for others. Businesses such as retail stores and
    restaurants are hit especially hard. Port congestion and transportation and delivery service disruptions
    paralyzed the supply chain worldwide. The problem is that companies do not have visibility into their supply
    chains. They outsource their products (auto parts, fashion, technology, medical gear, and drug components)
    to external suppliers with a thin margin of safety stock, thus vulnerable to supply chain disruptions. In addition,
    many companies do not have supply chain/inventory management systems. Even when they do, they are not
    sophisticated enough to react to the situation in a timely manner. Intelligence solutions can help organizations
    in many different ways, such as assisting them to establish interconnected networks of supply chain
    processes and to manage their supply chains more flexibly. “Gartner, Inc., predicts that by 2023, at least 50
    percent of global companies will be using artificial intelligence, advanced analytics, and the Internet of Things
    (IoT) in supply chain operations” (Laudon & Laudon, 2022, p. 366).

    ITC 5301, Management Information Systems 3

    UNIT x STUDY GUIDE
    Title

    Customer Relationship Management (CRM)

    CRM involves managing customers. Again, if you have 50,000 customers, how do you keep up with what they
    purchased? Sure, you can store that information in a database, but would it be easy to manage those
    relationships? How would you keep up with the marketing incentives you have offered them? Better yet, what
    about the marketing incentives that you want them to pass on to their customers?

    Systems, Application, and Products (SAP)

    SAP is a brand of an enterprise resource system. Oracle and Microsoft both have their own brand of an
    enterprise resource system. While all of these vendors offer very similar base functionalities, each of them
    compete against each other by bringing their own special capabilities to their enterprise resource system
    offerings.

    What are digital markets, and how can e-commerce transform business?

    Digital Markets

    Digital markets are marketplaces where millions of people can exchange a massive amount of information for
    free. Digital markets are very efficient and flexible, and they cost less for search and transactions, offer lower
    menu expenses, and can adapt to a dynamically changing marketplace. Digital markets provide opportunities
    for selling directly to customers, bypassing middlemen, distributors, and other intermediaries.

    Digital goods are goods that can be delivered over a digital network and include such items as music, videos,
    software, newspapers, and books. Digital products are relatively inexpensive to produce. For example, digital
    books do not require paper, ink, binding, screening, or other printing costs. This digital delivery method is
    presenting challenges to merchants that use the traditional production and delivery of goods.

    E-commerce

    Another type of advanced information system involves e-commerce. The explosion of Internet purchasing is
    no surprise to anyone, but the technology involved in e-commerce is pretty unique. In the past, retailers had
    fairly tight control over everything. The options for consumers were not plentiful. Still, word-of-mouth was still
    prevalent, so a business could suffer if it did not treat its customers well. Now, retailers have invited the world
    to comment on their websites. Have you ever had a bad experience at a store and wondered if it ever got past
    the customer service person that you complained to? E-commerce gives retailers global reach that can be an
    advantage and a disadvantage as well. Advanced information systems have given retailers the ability to allow
    customers to interact with each other through social media platforms. Retailers can now personalize your
    viewing experience based on your Internet searches. This type of customer targeting was not possible before
    more advanced information systems were developed.

    The case study “Engaging ‘Socially’ with Customers” in your textbook speaks on the evolution of e-
    commerce. E-commerce evolved from electronic storefronts selling goods online to creating social
    experiences shared by thousands of people. Social media platforms such as Facebook, Instagram, Twitter,
    and Snapchat create perfect environments to engage consumers, advertise products and services and
    discover trends and influencers.

    Companies gather information about their users to provide a more personalized experience via still imagery,
    animated imagery, and videos that might interest them. They have discovered that different social media
    platforms attract different audiences, so they use Instagram to appeal to a young audiences and Facebook to
    attract older ones. Nike, one of the most popular Instagram business brands with over 86 million followers,
    uses Instagram to promote their products as a lifestyle successfully. NBC Sports has over 50 channels for
    connecting with their 20 million primetime viewers socially on Instagram, Facebook, Twitter, Vine, Snapchat,
    and Pinterest.

    Would any of this be possible without advanced information system solutions? What do you think the future
    holds for information systems and technology as businesses grow bigger and bigger?

    ITC 5301, Management Information Systems 4

    UNIT x STUDY GUIDE
    Title

    References

    Laudon, K. C., & Laudon, J. L. (2016). Management information systems: Managing the digital firm (14th ed.).

    Pearson.

    Laudon, K. C., & Laudon, J. L. (2022). Management information systems: Managing the digital firm (17th ed.).

    Pearson.

    Oum, S., Kates, J., & Wexler, A. (2022). Economic impact of COVID-19 on PEPFAR countries.

    https://www.kff.org/global-health-policy/issue-brief/economic-impact-of-covid-19-on-pepfar-
    countries/#:~:text=The%20toll%20the%20COVID%2D19,downturn%20since%20the%20Great%20De
    pression

    Vaeenma. (n.d.). ID 85647109 [Graphic]. Dreamstime. https://www.dreamstime.com/stock-photo-benefits-

    enterprise-systems-presenting-image85647109

    Suggested Unit Resources

    In order to access the following resources, click the links below.

    To reinforce the concepts from this unit, you are encouraged to review the following:

    • Chapter 9 PowerPoint Presentation
    (PDF for Chapter 9 PowerPoint presentation)

    • Chapter 10 PowerPoint Presentation
    (PDF for Chapter 10 PowerPoint presentation)

    The following video cases mentioned in your eTextbook augment the information presented in the assigned
    chapter readings. You are encouraged to review the Chapter 9 and 10 video cases linked below.

    A transcript can be accessed for each video within the YouTube player by clicking on the three dots below the
    video title on the right. Closed-captioning can be turned on by clicking the “cc” icon at the bottom of each
    video.

    Teradata. (2016, November 4). Maersk line: Global supply chain overhaul [Video]. YouTube.

    https://www.youtube.com/watch?v=KEC5DQqCykI

    CNBC. (2016, August 8). Wal-Mart to acquire Jet.com for $3.3B | Tech Bet | CNBC [Video]. YouTube.

    https://www.youtube.com/watch?v=WxQXvmnfCaw

    **## UnitVIIIStudyGuide.pdf**

    ITC 5301, Management Information Systems 1

    Course Learning Outcomes for Unit VIII

    Upon completion of this unit, students should be able to:

    2. Examine emerging trends in information technology for organizations.
    2.3 Examine global business trends.

    3. Explain how information technology systems influence organizational strategies.

    3.7 Discuss organizational challenges of globalization.

    5. Critique core information systems applications from a business perspective.
    5.5 Explain the importance of information systems in global corporations.

    Required Unit Resources

    Chapter 15: Managing Global Systems

    Unit Lesson

    Complexity of Information Technology (IT)

    Take a look at technology in its simplest form. Does it seem daunting or complex? For example, a simple
    website asks you to input information (e.g., your name, address, phone number). That information is stored in
    a record database somewhere. This seems simple, right? What if you consider the information stored by
    Amazon.com or some other major organization; what happens to your data is much more complex.

    A large retailer will store the input in multiple databases as operational information. That information is likely
    processed in different ways and turned into an output, and then the information is scrubbed. It may be stored
    in data warehouses for data mining purposes. Marketing decisions are made based on your sales information.
    Information systems provide the information that businesses need in order to be strategic in their practices.
    Managers need that information to be strategic with regard to decision-making. Information systems help
    operations to be more efficient, and they help all facets of business to be better, faster, and more effective.

    Years ago, computer systems were much more simplistic as well. Most organizations had large mainframe
    computers. Transactions were processed in batches at night. Today, there is a demand for instant, real-time
    information. In the past, systems did not talk to each other. You might have to go to three or four different
    systems to look up customer information. Today, there is a demand for integration across all systems. In the
    past, applications were platform specific (e.g., Unix, Windows). Now, there is a demand for applications that
    run on any platform. In the past, the best tool for making decisions might be an Excel spreadsheet. Now,
    there are expert systems that emulate the decision-making ability of humans.

    Globalization

    We are hearing this term more and more each day. Globalization can be described as the operation and
    production of goods and services on a global scale. Many companies will compete globally using global
    information systems (GIS). These systems allow organizations to compete in global markets. The opening
    case in Chapter 15 of the eTextbook, “New Systems Help Eli Lilly Standardize as a Global Company,”
    illustrates how a global company can have the same information system requirements as a local or domestic
    company but on a larger and more complex scale. In this example, the company had dozens of subsidiaries,
    each with its own business processes and reports. Can you imagine the chaos and confusion at corporate
    headquarters as they try to make sense of all the data? Imagine all of the data redundancies and

    UNIT VIII STUDY GUIDE
    Managing Global Systems

    ITC 5301, Management Information Systems 2

    UNIT x STUDY GUIDE
    Title

    inefficiencies when the subsidiaries execute monthly financial data from all of the different systems and data
    standards.

    In short, the company needed to retire all legacy systems and use a common IT platform such as a single
    enterprise resource planning (ERP) system. In 2010, the company did just that—they started implementing a
    single global instance of Systems, Applications, and Products (SAP) to all of their subsidiaries. Today, the
    company runs on SAP ERP and at least a dozen other SAP software solutions, including systems for
    governance, risk management, and compliance (GRC). Of significance was the implementation of the SAP
    GRC process controls so that the company could better manage key compliance activities across all business
    processes, such as compliance with Sarbanes-Oxley (SOX), segregation of duties (SoD) and operational
    controls for managing the business. The SAP GRC process control serves as a central repository to store
    data from a global control matrix for Lilly’s entire enterprise and improves management of those controls with
    automated monitoring. Because Lilly standardized and streamlined the execution of its processes and
    business rules throughout the organization, Lilly has become even more efficient and effective as a global
    company.

    Organizational challenges of globalization. There are several factors to take into account when operating
    globally. Organizations must take into consideration a country’s culture, social expectations, and political
    laws. These factors often are not part of our domestic policies, but they will add layers to the organization’s
    processes, information system requirements, and management strategies.

    For example, a trading company sent out informational brochures to its global investors that included the state
    of the company; production statistics; and a strengths, weaknesses, opportunities, and threats (SWOT)
    analysis. In the SWOT analysis, the company used a red flag to indicate a problematic area. In the United
    States, a red flag symbolizes “danger” or a “warning.” However, in other countries, the red flag symbolizes
    political socialism. You can imagine the trading company’s surprise when they were bombarded with e-mails
    asking why a socialist revolution (the red flag) was a threat to the company.

    Using the example above, we can see why there may be challenges conducting business with global
    companies because of language and cultural differences.

    Internationalization of business. Many companies do not construct all of their products in the United States.
    Apple’s iPhone is an excellent example of how the company relies on suppliers in other countries to
    manufacture parts for their phones. For example, some components are made in China, Malaysia, and Japan,
    and the assembly of the phones take place in Taiwan. This is only possible because of the advanced
    networks and information systems that Apple uses.

    Global Organization Business Strategies

    A company’s headquarters is not always located in the United States either; they can be in other countries,
    such as Germany and Japan, and have local or regional operations in the United States. There are four types
    of business strategies and structures that global organizations can use. They are domestic exporter,
    multinational, franchiser, and transnational.

    Domestic exporter. This is a company that conducts most, if not all, corporate activities in the home country
    of origin. Caterpillar is an example of a domestic exporter of construction and mining equipment as well as
    heavy duty diesel and gas engines.

    Multinational. This type of organization centralizes its financial management and control from within a central
    location such as the corporate headquarters. Product marketing, production, and sales are decentralized to
    suit local market environments. Intel is an example of a multinational organization because it is headquartered
    in California but also operates out of other countries such as Israel and the Ukraine.

    Franchiser. This structure relies on local manufacturing and finance, but foreign resources are used to
    complete production and marketing. Examples of this structure are companies that manufacture perishable
    products. McDonald’s is an example of a franchiser because it operates restaurant franchises throughout the
    United States and around the world.

    ITC 5301, Management Information Systems 3

    UNIT x STUDY GUIDE
    Title

    Transnational. This type of organization is truly transnational because it does not have a centralized location
    but, instead, operates using regional headquarters or a global headquarters. Activities are managed from a
    global perspective and without the confines of national borders. An example of a transnational company is
    Sony (Japanese) because it produces its products in other countries to save on manufacturing costs.

    Difficulties of Internationalization

    In “E-Commerce in China: Opportunities and Obstacles,” a case study from Chapter 15 of the eTextbook, a
    good example is provided regarding how China became one of the largest markets in e-commerce. E-
    commerce is strictly regulated in China by the Great Firewall of China. The Great Firewall of China is a set of
    rules, regulations, and technologies that regulate the Internet in China, according to Laudon and Laudon
    (2022). Chinese consumers have limited or no access to many foreign resources such as Google, Facebook,
    Snapchat, and some news sources (e.g., New York Times).

    By restricting access to foreign products, the Great Firewall of China forces the Chinese people to purchase
    products produced in China, reducing the demand for foreign products. As a result, China is home to several
    Internet giants such as Tencent, one of the world’s largest Internet and technology companies and the most
    valuable gaming and social media company, according to Laudon and Laudon (2022).

    From a cultural perspective, China is home to a large population of online shoppers who tend to be young,
    urban, and highly educated. This young generation of online shoppers are huge consumers of apparel, food
    and beverages, household goods, electronics, and healthcare products. There are a few select online social
    platforms that Chinese consumers can use to discover and evaluate products. But, because of the Great
    Firewall, only Chinese retailers are benefiting from engaging with consumers on these social platforms. This
    means it is extremely difficult for foreign companies to break through and reach the Chinese population with
    their products. To make matters even more difficult, in 2017, China passed a cybersecurity law, requiring
    foreign companies to undergo a security check and to store key data in China.

    Foreign companies that can conduct business with China must deal with the costs of doing business there.
    The main issue is the lack of high-quality logistic providers, resulting in the damage or loss of merchandise,
    slow or missing deliveries, and problems with other essential logistical services. These logistical issues can
    significantly increase e-commerce operating costs and consequently decrease profit margins.

    Summary

    Operating a global company is very much like operating a domestic company; both have the same
    information system requirements but on a larger and more complex scale. The example of Eli Lilly illustrated
    how a company with several subsidiaries could overcome business process issues by implementing a single
    enterprise-wide ERP system. By using a single global instance of SAP at all of its locations, the company
    became more efficient and effective as a global company.

    Global corporations often face challenges and problems when designing, building, and managing their
    technology infrastructure. Operating globally means removing a hodgepodge of hardware and software and
    arriving at a solution that streamlines the company’s processes to make them more effective and proficient.

    There are other challenges to operating globally such as cultural and political differences between countries.
    For example, when a company develops a user interface for an application, which language should be used?
    Will some colors, graphics, or designs be construed as problematic or perceived differently from what was
    intended?

    Reference

    Laudon, K. C., & Laudon, J. L. (2022). Management information systems: Managing the digital firm (17th ed.).

    Pearson.

    ITC 5301, Management Information Systems 4

    UNIT x STUDY GUIDE
    Title

    Suggested Unit Resources

    In order to access the following resources, click the links below.

    To reinforce the concepts from this unit, you are encouraged to review the following:

    • Chapter 15 PowerPoint Presentation
    (PDF for Chapter 15 PowerPoint presentation)

    The following video cases mentioned in your eTextbook augment the information presented in the assigned
    chapter readings. You are encouraged to review the Chapter 15 video cases linked below.

    Global Shop Solutions. (2012, February 7). Lean manufacturing & ERP Success Story: Humanetics and

    Global Shop Solutions [Video]. YouTube. https://www.youtube.com/watch?v=bOy1Q7s9lls

    Oracle Video. (2008, April 3). Daum runs Oracle Apps on Linux [Video]. YouTube.

    https://www.youtube.com/watch?v=ayZ3OLmjAp0

    **## UnitVIIIStudyGuide.pdf**

    ITC 5301, Management Information Systems 1

    Course Learning Outcomes for Unit VIII

    Upon completion of this unit, students should be able to:

    2. Examine emerging trends in information technology for organizations.
    2.3 Examine global business trends.

    3. Explain how information technology systems influence organizational strategies.

    3.7 Discuss organizational challenges of globalization.

    5. Critique core information systems applications from a business perspective.
    5.5 Explain the importance of information systems in global corporations.

    Required Unit Resources

    Chapter 15: Managing Global Systems

    Unit Lesson

    Complexity of Information Technology (IT)

    Take a look at technology in its simplest form. Does it seem daunting or complex? For example, a simple
    website asks you to input information (e.g., your name, address, phone number). That information is stored in
    a record database somewhere. This seems simple, right? What if you consider the information stored by
    Amazon.com or some other major organization; what happens to your data is much more complex.

    A large retailer will store the input in multiple databases as operational information. That information is likely
    processed in different ways and turned into an output, and then the information is scrubbed. It may be stored
    in data warehouses for data mining purposes. Marketing decisions are made based on your sales information.
    Information systems provide the information that businesses need in order to be strategic in their practices.
    Managers need that information to be strategic with regard to decision-making. Information systems help
    operations to be more efficient, and they help all facets of business to be better, faster, and more effective.

    Years ago, computer systems were much more simplistic as well. Most organizations had large mainframe
    computers. Transactions were processed in batches at night. Today, there is a demand for instant, real-time
    information. In the past, systems did not talk to each other. You might have to go to three or four different
    systems to look up customer information. Today, there is a demand for integration across all systems. In the
    past, applications were platform specific (e.g., Unix, Windows). Now, there is a demand for applications that
    run on any platform. In the past, the best tool for making decisions might be an Excel spreadsheet. Now,
    there are expert systems that emulate the decision-making ability of humans.

    Globalization

    We are hearing this term more and more each day. Globalization can be described as the operation and
    production of goods and services on a global scale. Many companies will compete globally using global
    information systems (GIS). These systems allow organizations to compete in global markets. The opening
    case in Chapter 15 of the eTextbook, “New Systems Help Eli Lilly Standardize as a Global Company,”
    illustrates how a global company can have the same information system requirements as a local or domestic
    company but on a larger and more complex scale. In this example, the company had dozens of subsidiaries,
    each with its own business processes and reports. Can you imagine the chaos and confusion at corporate
    headquarters as they try to make sense of all the data? Imagine all of the data redundancies and

    UNIT VIII STUDY GUIDE
    Managing Global Systems

    ITC 5301, Management Information Systems 2

    UNIT x STUDY GUIDE
    Title

    inefficiencies when the subsidiaries execute monthly financial data from all of the different systems and data
    standards.

    In short, the company needed to retire all legacy systems and use a common IT platform such as a single
    enterprise resource planning (ERP) system. In 2010, the company did just that—they started implementing a
    single global instance of Systems, Applications, and Products (SAP) to all of their subsidiaries. Today, the
    company runs on SAP ERP and at least a dozen other SAP software solutions, including systems for
    governance, risk management, and compliance (GRC). Of significance was the implementation of the SAP
    GRC process controls so that the company could better manage key compliance activities across all business
    processes, such as compliance with Sarbanes-Oxley (SOX), segregation of duties (SoD) and operational
    controls for managing the business. The SAP GRC process control serves as a central repository to store
    data from a global control matrix for Lilly’s entire enterprise and improves management of those controls with
    automated monitoring. Because Lilly standardized and streamlined the execution of its processes and
    business rules throughout the organization, Lilly has become even more efficient and effective as a global
    company.

    Organizational challenges of globalization. There are several factors to take into account when operating
    globally. Organizations must take into consideration a country’s culture, social expectations, and political
    laws. These factors often are not part of our domestic policies, but they will add layers to the organization’s
    processes, information system requirements, and management strategies.

    For example, a trading company sent out informational brochures to its global investors that included the state
    of the company; production statistics; and a strengths, weaknesses, opportunities, and threats (SWOT)
    analysis. In the SWOT analysis, the company used a red flag to indicate a problematic area. In the United
    States, a red flag symbolizes “danger” or a “warning.” However, in other countries, the red flag symbolizes
    political socialism. You can imagine the trading company’s surprise when they were bombarded with e-mails
    asking why a socialist revolution (the red flag) was a threat to the company.

    Using the example above, we can see why there may be challenges conducting business with global
    companies because of language and cultural differences.

    Internationalization of business. Many companies do not construct all of their products in the United States.
    Apple’s iPhone is an excellent example of how the company relies on suppliers in other countries to
    manufacture parts for their phones. For example, some components are made in China, Malaysia, and Japan,
    and the assembly of the phones take place in Taiwan. This is only possible because of the advanced
    networks and information systems that Apple uses.

    Global Organization Business Strategies

    A company’s headquarters is not always located in the United States either; they can be in other countries,
    such as Germany and Japan, and have local or regional operations in the United States. There are four types
    of business strategies and structures that global organizations can use. They are domestic exporter,
    multinational, franchiser, and transnational.

    Domestic exporter. This is a company that conducts most, if not all, corporate activities in the home country
    of origin. Caterpillar is an example of a domestic exporter of construction and mining equipment as well as
    heavy duty diesel and gas engines.

    Multinational. This type of organization centralizes its financial management and control from within a central
    location such as the corporate headquarters. Product marketing, production, and sales are decentralized to
    suit local market environments. Intel is an example of a multinational organization because it is headquartered
    in California but also operates out of other countries such as Israel and the Ukraine.

    Franchiser. This structure relies on local manufacturing and finance, but foreign resources are used to
    complete production and marketing. Examples of this structure are companies that manufacture perishable
    products. McDonald’s is an example of a franchiser because it operates restaurant franchises throughout the
    United States and around the world.

    ITC 5301, Management Information Systems 3

    UNIT x STUDY GUIDE
    Title

    Transnational. This type of organization is truly transnational because it does not have a centralized location
    but, instead, operates using regional headquarters or a global headquarters. Activities are managed from a
    global perspective and without the confines of national borders. An example of a transnational company is
    Sony (Japanese) because it produces its products in other countries to save on manufacturing costs.

    Difficulties of Internationalization

    In “E-Commerce in China: Opportunities and Obstacles,” a case study from Chapter 15 of the eTextbook, a
    good example is provided regarding how China became one of the largest markets in e-commerce. E-
    commerce is strictly regulated in China by the Great Firewall of China. The Great Firewall of China is a set of
    rules, regulations, and technologies that regulate the Internet in China, according to Laudon and Laudon
    (2022). Chinese consumers have limited or no access to many foreign resources such as Google, Facebook,
    Snapchat, and some news sources (e.g., New York Times).

    By restricting access to foreign products, the Great Firewall of China forces the Chinese people to purchase
    products produced in China, reducing the demand for foreign products. As a result, China is home to several
    Internet giants such as Tencent, one of the world’s largest Internet and technology companies and the most
    valuable gaming and social media company, according to Laudon and Laudon (2022).

    From a cultural perspective, China is home to a large population of online shoppers who tend to be young,
    urban, and highly educated. This young generation of online shoppers are huge consumers of apparel, food
    and beverages, household goods, electronics, and healthcare products. There are a few select online social
    platforms that Chinese consumers can use to discover and evaluate products. But, because of the Great
    Firewall, only Chinese retailers are benefiting from engaging with consumers on these social platforms. This
    means it is extremely difficult for foreign companies to break through and reach the Chinese population with
    their products. To make matters even more difficult, in 2017, China passed a cybersecurity law, requiring
    foreign companies to undergo a security check and to store key data in China.

    Foreign companies that can conduct business with China must deal with the costs of doing business there.
    The main issue is the lack of high-quality logistic providers, resulting in the damage or loss of merchandise,
    slow or missing deliveries, and problems with other essential logistical services. These logistical issues can
    significantly increase e-commerce operating costs and consequently decrease profit margins.

    Summary

    Operating a global company is very much like operating a domestic company; both have the same
    information system requirements but on a larger and more complex scale. The example of Eli Lilly illustrated
    how a company with several subsidiaries could overcome business process issues by implementing a single
    enterprise-wide ERP system. By using a single global instance of SAP at all of its locations, the company
    became more efficient and effective as a global company.

    Global corporations often face challenges and problems when designing, building, and managing their
    technology infrastructure. Operating globally means removing a hodgepodge of hardware and software and
    arriving at a solution that streamlines the company’s processes to make them more effective and proficient.

    There are other challenges to operating globally such as cultural and political differences between countries.
    For example, when a company develops a user interface for an application, which language should be used?
    Will some colors, graphics, or designs be construed as problematic or perceived differently from what was
    intended?

    Reference

    Laudon, K. C., & Laudon, J. L. (2022). Management information systems: Managing the digital firm (17th ed.).

    Pearson.

    ITC 5301, Management Information Systems 4

    UNIT x STUDY GUIDE
    Title

    Suggested Unit Resources

    In order to access the following resources, click the links below.

    To reinforce the concepts from this unit, you are encouraged to review the following:

    • Chapter 15 PowerPoint Presentation
    (PDF for Chapter 15 PowerPoint presentation)

    The following video cases mentioned in your eTextbook augment the information presented in the assigned
    chapter readings. You are encouraged to review the Chapter 15 video cases linked below.

    Global Shop Solutions. (2012, February 7). Lean manufacturing & ERP Success Story: Humanetics and

    Global Shop Solutions [Video]. YouTube. https://www.youtube.com/watch?v=bOy1Q7s9lls

    Oracle Video. (2008, April 3). Daum runs Oracle Apps on Linux [Video]. YouTube.

    https://www.youtube.com/watch?v=ayZ3OLmjAp0

    **## ManagementInformationSystemsITC5301UnitVIIIJournal.docx**

    2

    Management Information Systems ITC 5301 Unit VIII Journal

    This journal measures your mastery of ULOs 2.3, 3.3, 3.7, and 5.5.

    Reflect on how you can apply the concepts learned in this course in your future professional, personal, or academic pursuits. Given the ubiquity of global corporations in the current economy, reflect on the following:

    · Discuss how electronic commerce provides competitive advantages.

    · Examine global business trends.

    · Discuss organizational challenges of globalization.

    · Explain the importance of information systems in global corporations.

    Your journal entry must be at least 200 words in length. No references or citations are necessary.

    **## UnitVStudyGuide.pdf**

    ITC 5301, Management Information Systems 1

    Course Learning Outcomes for Unit V

    Upon completion of this unit, students should be able to:

    3. Explain how information technology systems influence organizational strategies.
    3.3 Discuss how electronic commerce provides competitive advantages.

    5. Critique core information systems applications from a business perspective.

    5.4 Explain the value added to organizations by implementing advanced information systems
    solutions.

    Required Unit Resources

    Chapter 9: Achieving Operational Excellence and Customer Intimacy: Enterprise Applications

    Chapter 10: E-Commerce: Digital Markets, Digital Goods

    Unit Lesson

    Advanced Information Systems

    What exactly are advanced information system solutions?

    Most people who have worked in an office setting have a good understanding of the processes that affect
    their everyday lives. They understand the data they enter or scan is stored in a database, and certain
    processes they run may close out a monthly account, process a payroll run, or bill a customer. These types of
    processes, while they seem separate, are often very integrated.

    In years past, organizations had large mainframes. These mainframes had to process transactions in
    batches, usually at night, and until that batch process happened, the screens you were viewing were not
    always completely correct. For example, you could place an order for a customer, but you might not see the
    order until the next day. Unfortunately, that also meant that you could not see the inventory reduction until the
    next day as well. This means that you might place an order, and there might not be any of that item left in
    stock at the time. A salesperson or customer service representative might have to go look at three or four
    different screens to get a good picture of the customer’s account health or to research a problem, even with
    this batching process. Once client-servers came to organizations, you might have to look at two completely
    different computers to research that same problem. This was commonplace until organizations could get all of
    their data and processes moved off of those old mainframes.

    Now that businesses have grown so much, many of them have multiple product lines, systems, servers, and
    databases. In the past, managers would have to wait for big printouts of various reports to make business
    decisions. An enterprise resource planning (ERP) system works to integrate all of those critical systems
    together so they can talk to each other. The applications that make-up the enterprise software are created
    based on predefined best business practices. For example, when a business purchases a piece of
    equipment, that order is entered into accounting the same way for all businesses. If a customer makes a
    purchase, it should generally be handled the same way. When you hire someone, you have the same laws to
    follow. There may be some customization, but that is handled in the application as well (Laudon & Laudon,
    2016).

    So, from a management perspective, what is the value in enterprise systems?

    UNIT V STUDY GUIDE
    Advanced Information System
    Solutions and E-Commerce

    ITC 5301, Management Information Systems 2

    UNIT x STUDY GUIDE
    Title

    This is the question we have to ask ourselves when adopting any sort of information systems solution. We do
    not just spend a large amount of money on something without understanding the value it offers us as a
    company. We have discussed the value of data in previous chapters. One of the other reasons enterprise
    systems bring us value is that they also help us to have firm-wide information to make better decisions.

    (Vaeenma, n.d.)

    Supply Chain Management (SCM)

    Many large organizations such as Walmart and Amazon use SCM to help their organization manage its
    suppliers and goods more efficiently. If you have thousands of suppliers and hundreds of thousands of orders,
    it would be impossible to keep up with everything. SCM software can manage all of this and allow for
    forecasting and decision-making as well. Imagine if many of your suppliers are in other countries; this means
    you have a global supply chain that is even more complex to manage.

    The case study “The Coronavirus Pandemic Disrupts Supply Chains Around the World Case Study” in
    Chapter 9 of your eTextbook provides a good example of the current supply chain problem.

    According to the Global Health Policy website, the COVID-19 pandemic's impact on the global economy has
    been significant, with the International Monetary Fund (IMF) estimating that the median global GDP dropped
    by 3.9% from 2019 to 2020, making it the worst economic downturn since the Great Depression (Oum, Kates,
    & Wexler, 2022).

    During the pandemic, social distance and quarantining created spikes in demand for certain products, such as
    toilet paper and hand sanitizer, and drops in demand for others. Businesses such as retail stores and
    restaurants are hit especially hard. Port congestion and transportation and delivery service disruptions
    paralyzed the supply chain worldwide. The problem is that companies do not have visibility into their supply
    chains. They outsource their products (auto parts, fashion, technology, medical gear, and drug components)
    to external suppliers with a thin margin of safety stock, thus vulnerable to supply chain disruptions. In addition,
    many companies do not have supply chain/inventory management systems. Even when they do, they are not
    sophisticated enough to react to the situation in a timely manner. Intelligence solutions can help organizations
    in many different ways, such as assisting them to establish interconnected networks of supply chain
    processes and to manage their supply chains more flexibly. “Gartner, Inc., predicts that by 2023, at least 50
    percent of global companies will be using artificial intelligence, advanced analytics, and the Internet of Things
    (IoT) in supply chain operations” (Laudon & Laudon, 2022, p. 366).

    ITC 5301, Management Information Systems 3

    UNIT x STUDY GUIDE
    Title

    Customer Relationship Management (CRM)

    CRM involves managing customers. Again, if you have 50,000 customers, how do you keep up with what they
    purchased? Sure, you can store that information in a database, but would it be easy to manage those
    relationships? How would you keep up with the marketing incentives you have offered them? Better yet, what
    about the marketing incentives that you want them to pass on to their customers?

    Systems, Application, and Products (SAP)

    SAP is a brand of an enterprise resource system. Oracle and Microsoft both have their own brand of an
    enterprise resource system. While all of these vendors offer very similar base functionalities, each of them
    compete against each other by bringing their own special capabilities to their enterprise resource system
    offerings.

    What are digital markets, and how can e-commerce transform business?

    Digital Markets

    Digital markets are marketplaces where millions of people can exchange a massive amount of information for
    free. Digital markets are very efficient and flexible, and they cost less for search and transactions, offer lower
    menu expenses, and can adapt to a dynamically changing marketplace. Digital markets provide opportunities
    for selling directly to customers, bypassing middlemen, distributors, and other intermediaries.

    Digital goods are goods that can be delivered over a digital network and include such items as music, videos,
    software, newspapers, and books. Digital products are relatively inexpensive to produce. For example, digital
    books do not require paper, ink, binding, screening, or other printing costs. This digital delivery method is
    presenting challenges to merchants that use the traditional production and delivery of goods.

    E-commerce

    Another type of advanced information system involves e-commerce. The explosion of Internet purchasing is
    no surprise to anyone, but the technology involved in e-commerce is pretty unique. In the past, retailers had
    fairly tight control over everything. The options for consumers were not plentiful. Still, word-of-mouth was still
    prevalent, so a business could suffer if it did not treat its customers well. Now, retailers have invited the world
    to comment on their websites. Have you ever had a bad experience at a store and wondered if it ever got past
    the customer service person that you complained to? E-commerce gives retailers global reach that can be an
    advantage and a disadvantage as well. Advanced information systems have given retailers the ability to allow
    customers to interact with each other through social media platforms. Retailers can now personalize your
    viewing experience based on your Internet searches. This type of customer targeting was not possible before
    more advanced information systems were developed.

    The case study “Engaging ‘Socially’ with Customers” in your textbook speaks on the evolution of e-
    commerce. E-commerce evolved from electronic storefronts selling goods online to creating social
    experiences shared by thousands of people. Social media platforms such as Facebook, Instagram, Twitter,
    and Snapchat create perfect environments to engage consumers, advertise products and services and
    discover trends and influencers.

    Companies gather information about their users to provide a more personalized experience via still imagery,
    animated imagery, and videos that might interest them. They have discovered that different social media
    platforms attract different audiences, so they use Instagram to appeal to a young audiences and Facebook to
    attract older ones. Nike, one of the most popular Instagram business brands with over 86 million followers,
    uses Instagram to promote their products as a lifestyle successfully. NBC Sports has over 50 channels for
    connecting with their 20 million primetime viewers socially on Instagram, Facebook, Twitter, Vine, Snapchat,
    and Pinterest.

    Would any of this be possible without advanced information system solutions? What do you think the future
    holds for information systems and technology as businesses grow bigger and bigger?

    ITC 5301, Management Information Systems 4

    UNIT x STUDY GUIDE
    Title

    References

    Laudon, K. C., & Laudon, J. L. (2016). Management information systems: Managing the digital firm (14th ed.).

    Pearson.

    Laudon, K. C., & Laudon, J. L. (2022). Management information systems: Managing the digital firm (17th ed.).

    Pearson.

    Oum, S., Kates, J., & Wexler, A. (2022). Economic impact of COVID-19 on PEPFAR countries.

    https://www.kff.org/global-health-policy/issue-brief/economic-impact-of-covid-19-on-pepfar-
    countries/#:~:text=The%20toll%20the%20COVID%2D19,downturn%20since%20the%20Great%20De
    pression

    Vaeenma. (n.d.). ID 85647109 [Graphic]. Dreamstime. https://www.dreamstime.com/stock-photo-benefits-

    enterprise-systems-presenting-image85647109

    Suggested Unit Resources

    In order to access the following resources, click the links below.

    To reinforce the concepts from this unit, you are encouraged to review the following:

    • Chapter 9 PowerPoint Presentation
    (PDF for Chapter 9 PowerPoint presentation)

    • Chapter 10 PowerPoint Presentation
    (PDF for Chapter 10 PowerPoint presentation)

    The following video cases mentioned in your eTextbook augment the information presented in the assigned
    chapter readings. You are encouraged to review the Chapter 9 and 10 video cases linked below.

    A transcript can be accessed for each video within the YouTube player by clicking on the three dots below the
    video title on the right. Closed-captioning can be turned on by clicking the “cc” icon at the bottom of each
    video.

    Teradata. (2016, November 4). Maersk line: Global supply chain overhaul [Video]. YouTube.

    https://www.youtube.com/watch?v=KEC5DQqCykI

    CNBC. (2016, August 8). Wal-Mart to acquire Jet.com for $3.3B | Tech Bet | CNBC [Video]. YouTube.

    https://www.youtube.com/watch?v=WxQXvmnfCaw

    **## UnitVIIIStudyGuide.pdf**

    ITC 5301, Management Information Systems 1

    Course Learning Outcomes for Unit VIII

    Upon completion of this unit, students should be able to:

    2. Examine emerging trends in information technology for organizations.
    2.3 Examine global business trends.

    3. Explain how information technology systems influence organizational strategies.

    3.7 Discuss organizational challenges of globalization.

    5. Critique core information systems applications from a business perspective.
    5.5 Explain the importance of information systems in global corporations.

    Required Unit Resources

    Chapter 15: Managing Global Systems

    Unit Lesson

    Complexity of Information Technology (IT)

    Take a look at technology in its simplest form. Does it seem daunting or complex? For example, a simple
    website asks you to input information (e.g., your name, address, phone number). That information is stored in
    a record database somewhere. This seems simple, right? What if you consider the information stored by
    Amazon.com or some other major organization; what happens to your data is much more complex.

    A large retailer will store the input in multiple databases as operational information. That information is likely
    processed in different ways and turned into an output, and then the information is scrubbed. It may be stored
    in data warehouses for data mining purposes. Marketing decisions are made based on your sales information.
    Information systems provide the information that businesses need in order to be strategic in their practices.
    Managers need that information to be strategic with regard to decision-making. Information systems help
    operations to be more efficient, and they help all facets of business to be better, faster, and more effective.

    Years ago, computer systems were much more simplistic as well. Most organizations had large mainframe
    computers. Transactions were processed in batches at night. Today, there is a demand for instant, real-time
    information. In the past, systems did not talk to each other. You might have to go to three or four different
    systems to look up customer information. Today, there is a demand for integration across all systems. In the
    past, applications were platform specific (e.g., Unix, Windows). Now, there is a demand for applications that
    run on any platform. In the past, the best tool for making decisions might be an Excel spreadsheet. Now,
    there are expert systems that emulate the decision-making ability of humans.

    Globalization

    We are hearing this term more and more each day. Globalization can be described as the operation and
    production of goods and services on a global scale. Many companies will compete globally using global
    information systems (GIS). These systems allow organizations to compete in global markets. The opening
    case in Chapter 15 of the eTextbook, “New Systems Help Eli Lilly Standardize as a Global Company,”
    illustrates how a global company can have the same information system requirements as a local or domestic
    company but on a larger and more complex scale. In this example, the company had dozens of subsidiaries,
    each with its own business processes and reports. Can you imagine the chaos and confusion at corporate
    headquarters as they try to make sense of all the data? Imagine all of the data redundancies and

    UNIT VIII STUDY GUIDE
    Managing Global Systems

    ITC 5301, Management Information Systems 2

    UNIT x STUDY GUIDE
    Title

    inefficiencies when the subsidiaries execute monthly financial data from all of the different systems and data
    standards.

    In short, the company needed to retire all legacy systems and use a common IT platform such as a single
    enterprise resource planning (ERP) system. In 2010, the company did just that—they started implementing a
    single global instance of Systems, Applications, and Products (SAP) to all of their subsidiaries. Today, the
    company runs on SAP ERP and at least a dozen other SAP software solutions, including systems for
    governance, risk management, and compliance (GRC). Of significance was the implementation of the SAP
    GRC process controls so that the company could better manage key compliance activities across all business
    processes, such as compliance with Sarbanes-Oxley (SOX), segregation of duties (SoD) and operational
    controls for managing the business. The SAP GRC process control serves as a central repository to store
    data from a global control matrix for Lilly’s entire enterprise and improves management of those controls with
    automated monitoring. Because Lilly standardized and streamlined the execution of its processes and
    business rules throughout the organization, Lilly has become even more efficient and effective as a global
    company.

    Organizational challenges of globalization. There are several factors to take into account when operating
    globally. Organizations must take into consideration a country’s culture, social expectations, and political
    laws. These factors often are not part of our domestic policies, but they will add layers to the organization’s
    processes, information system requirements, and management strategies.

    For example, a trading company sent out informational brochures to its global investors that included the state
    of the company; production statistics; and a strengths, weaknesses, opportunities, and threats (SWOT)
    analysis. In the SWOT analysis, the company used a red flag to indicate a problematic area. In the United
    States, a red flag symbolizes “danger” or a “warning.” However, in other countries, the red flag symbolizes
    political socialism. You can imagine the trading company’s surprise when they were bombarded with e-mails
    asking why a socialist revolution (the red flag) was a threat to the company.

    Using the example above, we can see why there may be challenges conducting business with global
    companies because of language and cultural differences.

    Internationalization of business. Many companies do not construct all of their products in the United States.
    Apple’s iPhone is an excellent example of how the company relies on suppliers in other countries to
    manufacture parts for their phones. For example, some components are made in China, Malaysia, and Japan,
    and the assembly of the phones take place in Taiwan. This is only possible because of the advanced
    networks and information systems that Apple uses.

    Global Organization Business Strategies

    A company’s headquarters is not always located in the United States either; they can be in other countries,
    such as Germany and Japan, and have local or regional operations in the United States. There are four types
    of business strategies and structures that global organizations can use. They are domestic exporter,
    multinational, franchiser, and transnational.

    Domestic exporter. This is a company that conducts most, if not all, corporate activities in the home country
    of origin. Caterpillar is an example of a domestic exporter of construction and mining equipment as well as
    heavy duty diesel and gas engines.

    Multinational. This type of organization centralizes its financial management and control from within a central
    location such as the corporate headquarters. Product marketing, production, and sales are decentralized to
    suit local market environments. Intel is an example of a multinational organization because it is headquartered
    in California but also operates out of other countries such as Israel and the Ukraine.

    Franchiser. This structure relies on local manufacturing and finance, but foreign resources are used to
    complete production and marketing. Examples of this structure are companies that manufacture perishable
    products. McDonald’s is an example of a franchiser because it operates restaurant franchises throughout the
    United States and around the world.

    ITC 5301, Management Information Systems 3

    UNIT x STUDY GUIDE
    Title

    Transnational. This type of organization is truly transnational because it does not have a centralized location
    but, instead, operates using regional headquarters or a global headquarters. Activities are managed from a
    global perspective and without the confines of national borders. An example of a transnational company is
    Sony (Japanese) because it produces its products in other countries to save on manufacturing costs.

    Difficulties of Internationalization

    In “E-Commerce in China: Opportunities and Obstacles,” a case study from Chapter 15 of the eTextbook, a
    good example is provided regarding how China became one of the largest markets in e-commerce. E-
    commerce is strictly regulated in China by the Great Firewall of China. The Great Firewall of China is a set of
    rules, regulations, and technologies that regulate the Internet in China, according to Laudon and Laudon
    (2022). Chinese consumers have limited or no access to many foreign resources such as Google, Facebook,
    Snapchat, and some news sources (e.g., New York Times).

    By restricting access to foreign products, the Great Firewall of China forces the Chinese people to purchase
    products produced in China, reducing the demand for foreign products. As a result, China is home to several
    Internet giants such as Tencent, one of the world’s largest Internet and technology companies and the most
    valuable gaming and social media company, according to Laudon and Laudon (2022).

    From a cultural perspective, China is home to a large population of online shoppers who tend to be young,
    urban, and highly educated. This young generation of online shoppers are huge consumers of apparel, food
    and beverages, household goods, electronics, and healthcare products. There are a few select online social
    platforms that Chinese consumers can use to discover and evaluate products. But, because of the Great
    Firewall, only Chinese retailers are benefiting from engaging with consumers on these social platforms. This
    means it is extremely difficult for foreign companies to break through and reach the Chinese population with
    their products. To make matters even more difficult, in 2017, China passed a cybersecurity law, requiring
    foreign companies to undergo a security check and to store key data in China.

    Foreign companies that can conduct business with China must deal with the costs of doing business there.
    The main issue is the lack of high-quality logistic providers, resulting in the damage or loss of merchandise,
    slow or missing deliveries, and problems with other essential logistical services. These logistical issues can
    significantly increase e-commerce operating costs and consequently decrease profit margins.

    Summary

    Operating a global company is very much like operating a domestic company; both have the same
    information system requirements but on a larger and more complex scale. The example of Eli Lilly illustrated
    how a company with several subsidiaries could overcome business process issues by implementing a single
    enterprise-wide ERP system. By using a single global instance of SAP at all of its locations, the company
    became more efficient and effective as a global company.

    Global corporations often face challenges and problems when designing, building, and managing their
    technology infrastructure. Operating globally means removing a hodgepodge of hardware and software and
    arriving at a solution that streamlines the company’s processes to make them more effective and proficient.

    There are other challenges to operating globally such as cultural and political differences between countries.
    For example, when a company develops a user interface for an application, which language should be used?
    Will some colors, graphics, or designs be construed as problematic or perceived differently from what was
    intended?

    Reference

    Laudon, K. C., & Laudon, J. L. (2022). Management information systems: Managing the digital firm (17th ed.).

    Pearson.

    ITC 5301, Management Information Systems 4

    UNIT x STUDY GUIDE
    Title

    Suggested Unit Resources

    In order to access the following resources, click the links below.

    To reinforce the concepts from this unit, you are encouraged to review the following:

    • Chapter 15 PowerPoint Presentation
    (PDF for Chapter 15 PowerPoint presentation)

    The following video cases mentioned in your eTextbook augment the information presented in the assigned
    chapter readings. You are encouraged to review the Chapter 15 video cases linked below.

    Global Shop Solutions. (2012, February 7). Lean manufacturing & ERP Success Story: Humanetics and

    Global Shop Solutions [Video]. YouTube. https://www.youtube.com/watch?v=bOy1Q7s9lls

    Oracle Video. (2008, April 3). Daum runs Oracle Apps on Linux [Video]. YouTube.

    https://www.youtube.com/watch?v=ayZ3OLmjAp0

    **## ManagementInformationSystemsITC5301UnitVIIIJournal.docx**

    2

    Management Information Systems ITC 5301 Unit VIII Journal

    This journal measures your mastery of ULOs 2.3, 3.3, 3.7, and 5.5.

    Reflect on how you can apply the concepts learned in this course in your future professional, personal, or academic pursuits. Given the ubiquity of global corporations in the current economy, reflect on the following:

    · Discuss how electronic commerce provides competitive advantages.

    · Examine global business trends.

    · Discuss organizational challenges of globalization.

    · Explain the importance of information systems in global corporations.

    Your journal entry must be at least 200 words in length. No references or citations are necessary.

    **## UnitVStudyGuide.pdf**

    ITC 5301, Management Information Systems 1

    Course Learning Outcomes for Unit V

    Upon completion of this unit, students should be able to:

    3. Explain how information technology systems influence organizational strategies.
    3.3 Discuss how electronic commerce provides competitive advantages.

    5. Critique core information systems applications from a business perspective.

    5.4 Explain the value added to organizations by implementing advanced information systems
    solutions.

    Required Unit Resources

    Chapter 9: Achieving Operational Excellence and Customer Intimacy: Enterprise Applications

    Chapter 10: E-Commerce: Digital Markets, Digital Goods

    Unit Lesson

    Advanced Information Systems

    What exactly are advanced information system solutions?

    Most people who have worked in an office setting have a good understanding of the processes that affect
    their everyday lives. They understand the data they enter or scan is stored in a database, and certain
    processes they run may close out a monthly account, process a payroll run, or bill a customer. These types of
    processes, while they seem separate, are often very integrated.

    In years past, organizations had large mainframes. These mainframes had to process transactions in
    batches, usually at night, and until that batch process happened, the screens you were viewing were not
    always completely correct. For example, you could place an order for a customer, but you might not see the
    order until the next day. Unfortunately, that also meant that you could not see the inventory reduction until the
    next day as well. This means that you might place an order, and there might not be any of that item left in
    stock at the time. A salesperson or customer service representative might have to go look at three or four
    different screens to get a good picture of the customer’s account health or to research a problem, even with
    this batching process. Once client-servers came to organizations, you might have to look at two completely
    different computers to research that same problem. This was commonplace until organizations could get all of
    their data and processes moved off of those old mainframes.

    Now that businesses have grown so much, many of them have multiple product lines, systems, servers, and
    databases. In the past, managers would have to wait for big printouts of various reports to make business
    decisions. An enterprise resource planning (ERP) system works to integrate all of those critical systems
    together so they can talk to each other. The applications that make-up the enterprise software are created
    based on predefined best business practices. For example, when a business purchases a piece of
    equipment, that order is entered into accounting the same way for all businesses. If a customer makes a
    purchase, it should generally be handled the same way. When you hire someone, you have the same laws to
    follow. There may be some customization, but that is handled in the application as well (Laudon & Laudon,
    2016).

    So, from a management perspective, what is the value in enterprise systems?

    UNIT V STUDY GUIDE
    Advanced Information System
    Solutions and E-Commerce

    ITC 5301, Management Information Systems 2

    UNIT x STUDY GUIDE
    Title

    This is the question we have to ask ourselves when adopting any sort of information systems solution. We do
    not just spend a large amount of money on something without understanding the value it offers us as a
    company. We have discussed the value of data in previous chapters. One of the other reasons enterprise
    systems bring us value is that they also help us to have firm-wide information to make better decisions.

    (Vaeenma, n.d.)

    Supply Chain Management (SCM)

    Many large organizations such as Walmart and Amazon use SCM to help their organization manage its
    suppliers and goods more efficiently. If you have thousands of suppliers and hundreds of thousands of orders,
    it would be impossible to keep up with everything. SCM software can manage all of this and allow for
    forecasting and decision-making as well. Imagine if many of your suppliers are in other countries; this means
    you have a global supply chain that is even more complex to manage.

    The case study “The Coronavirus Pandemic Disrupts Supply Chains Around the World Case Study” in
    Chapter 9 of your eTextbook provides a good example of the current supply chain problem.

    According to the Global Health Policy website, the COVID-19 pandemic's impact on the global economy has
    been significant, with the International Monetary Fund (IMF) estimating that the median global GDP dropped
    by 3.9% from 2019 to 2020, making it the worst economic downturn since the Great Depression (Oum, Kates,
    & Wexler, 2022).

    During the pandemic, social distance and quarantining created spikes in demand for certain products, such as
    toilet paper and hand sanitizer, and drops in demand for others. Businesses such as retail stores and
    restaurants are hit especially hard. Port congestion and transportation and delivery service disruptions
    paralyzed the supply chain worldwide. The problem is that companies do not have visibility into their supply
    chains. They outsource their products (auto parts, fashion, technology, medical gear, and drug components)
    to external suppliers with a thin margin of safety stock, thus vulnerable to supply chain disruptions. In addition,
    many companies do not have supply chain/inventory management systems. Even when they do, they are not
    sophisticated enough to react to the situation in a timely manner. Intelligence solutions can help organizations
    in many different ways, such as assisting them to establish interconnected networks of supply chain
    processes and to manage their supply chains more flexibly. “Gartner, Inc., predicts that by 2023, at least 50
    percent of global companies will be using artificial intelligence, advanced analytics, and the Internet of Things
    (IoT) in supply chain operations” (Laudon & Laudon, 2022, p. 366).

    ITC 5301, Management Information Systems 3

    UNIT x STUDY GUIDE
    Title

    Customer Relationship Management (CRM)

    CRM involves managing customers. Again, if you have 50,000 customers, how do you keep up with what they
    purchased? Sure, you can store that information in a database, but would it be easy to manage those
    relationships? How would you keep up with the marketing incentives you have offered them? Better yet, what
    about the marketing incentives that you want them to pass on to their customers?

    Systems, Application, and Products (SAP)

    SAP is a brand of an enterprise resource system. Oracle and Microsoft both have their own brand of an
    enterprise resource system. While all of these vendors offer very similar base functionalities, each of them
    compete against each other by bringing their own special capabilities to their enterprise resource system
    offerings.

    What are digital markets, and how can e-commerce transform business?

    Digital Markets

    Digital markets are marketplaces where millions of people can exchange a massive amount of information for
    free. Digital markets are very efficient and flexible, and they cost less for search and transactions, offer lower
    menu expenses, and can adapt to a dynamically changing marketplace. Digital markets provide opportunities
    for selling directly to customers, bypassing middlemen, distributors, and other intermediaries.

    Digital goods are goods that can be delivered over a digital network and include such items as music, videos,
    software, newspapers, and books. Digital products are relatively inexpensive to produce. For example, digital
    books do not require paper, ink, binding, screening, or other printing costs. This digital delivery method is
    presenting challenges to merchants that use the traditional production and delivery of goods.

    E-commerce

    Another type of advanced information system involves e-commerce. The explosion of Internet purchasing is
    no surprise to anyone, but the technology involved in e-commerce is pretty unique. In the past, retailers had
    fairly tight control over everything. The options for consumers were not plentiful. Still, word-of-mouth was still
    prevalent, so a business could suffer if it did not treat its customers well. Now, retailers have invited the world
    to comment on their websites. Have you ever had a bad experience at a store and wondered if it ever got past
    the customer service person that you complained to? E-commerce gives retailers global reach that can be an
    advantage and a disadvantage as well. Advanced information systems have given retailers the ability to allow
    customers to interact with each other through social media platforms. Retailers can now personalize your
    viewing experience based on your Internet searches. This type of customer targeting was not possible before
    more advanced information systems were developed.

    The case study “Engaging ‘Socially’ with Customers” in your textbook speaks on the evolution of e-
    commerce. E-commerce evolved from electronic storefronts selling goods online to creating social
    experiences shared by thousands of people. Social media platforms such as Facebook, Instagram, Twitter,
    and Snapchat create perfect environments to engage consumers, advertise products and services and
    discover trends and influencers.

    Companies gather information about their users to provide a more personalized experience via still imagery,
    animated imagery, and videos that might interest them. They have discovered that different social media
    platforms attract different audiences, so they use Instagram to appeal to a young audiences and Facebook to
    attract older ones. Nike, one of the most popular Instagram business brands with over 86 million followers,
    uses Instagram to promote their products as a lifestyle successfully. NBC Sports has over 50 channels for
    connecting with their 20 million primetime viewers socially on Instagram, Facebook, Twitter, Vine, Snapchat,
    and Pinterest.

    Would any of this be possible without advanced information system solutions? What do you think the future
    holds for information systems and technology as businesses grow bigger and bigger?

    ITC 5301, Management Information Systems 4

    UNIT x STUDY GUIDE
    Title

    References

    Laudon, K. C., & Laudon, J. L. (2016). Management information systems: Managing the digital firm (14th ed.).

    Pearson.

    Laudon, K. C., & Laudon, J. L. (2022). Management information systems: Managing the digital firm (17th ed.).

    Pearson.

    Oum, S., Kates, J., & Wexler, A. (2022). Economic impact of COVID-19 on PEPFAR countries.

    https://www.kff.org/global-health-policy/issue-brief/economic-impact-of-covid-19-on-pepfar-
    countries/#:~:text=The%20toll%20the%20COVID%2D19,downturn%20since%20the%20Great%20De
    pression

    Vaeenma. (n.d.). ID 85647109 [Graphic]. Dreamstime. https://www.dreamstime.com/stock-photo-benefits-

    enterprise-systems-presenting-image85647109

    Suggested Unit Resources

    In order to access the following resources, click the links below.

    To reinforce the concepts from this unit, you are encouraged to review the following:

    • Chapter 9 PowerPoint Presentation
    (PDF for Chapter 9 PowerPoint presentation)

    • Chapter 10 PowerPoint Presentation
    (PDF for Chapter 10 PowerPoint presentation)

    The following video cases mentioned in your eTextbook augment the information presented in the assigned
    chapter readings. You are encouraged to review the Chapter 9 and 10 video cases linked below.

    A transcript can be accessed for each video within the YouTube player by clicking on the three dots below the
    video title on the right. Closed-captioning can be turned on by clicking the “cc” icon at the bottom of each
    video.

    Teradata. (2016, November 4). Maersk line: Global supply chain overhaul [Video]. YouTube.

    https://www.youtube.com/watch?v=KEC5DQqCykI

    CNBC. (2016, August 8). Wal-Mart to acquire Jet.com for $3.3B | Tech Bet | CNBC [Video]. YouTube.

    https://www.youtube.com/watch?v=WxQXvmnfCaw

    **## UnitVIIIStudyGuide.pdf**

    ITC 5301, Management Information Systems 1

    Course Learning Outcomes for Unit VIII

    Upon completion of this unit, students should be able to:

    2. Examine emerging trends in information technology for organizations.
    2.3 Examine global business trends.

    3. Explain how information technology systems influence organizational strategies.

    3.7 Discuss organizational challenges of globalization.

    5. Critique core information systems applications from a business perspective.
    5.5 Explain the importance of information systems in global corporations.

    Required Unit Resources

    Chapter 15: Managing Global Systems

    Unit Lesson

    Complexity of Information Technology (IT)

    Take a look at technology in its simplest form. Does it seem daunting or complex? For example, a simple
    website asks you to input information (e.g., your name, address, phone number). That information is stored in
    a record database somewhere. This seems simple, right? What if you consider the information stored by
    Amazon.com or some other major organization; what happens to your data is much more complex.

    A large retailer will store the input in multiple databases as operational information. That information is likely
    processed in different ways and turned into an output, and then the information is scrubbed. It may be stored
    in data warehouses for data mining purposes. Marketing decisions are made based on your sales information.
    Information systems provide the information that businesses need in order to be strategic in their practices.
    Managers need that information to be strategic with regard to decision-making. Information systems help
    operations to be more efficient, and they help all facets of business to be better, faster, and more effective.

    Years ago, computer systems were much more simplistic as well. Most organizations had large mainframe
    computers. Transactions were processed in batches at night. Today, there is a demand for instant, real-time
    information. In the past, systems did not talk to each other. You might have to go to three or four different
    systems to look up customer information. Today, there is a demand for integration across all systems. In the
    past, applications were platform specific (e.g., Unix, Windows). Now, there is a demand for applications that
    run on any platform. In the past, the best tool for making decisions might be an Excel spreadsheet. Now,
    there are expert systems that emulate the decision-making ability of humans.

    Globalization

    We are hearing this term more and more each day. Globalization can be described as the operation and
    production of goods and services on a global scale. Many companies will compete globally using global
    information systems (GIS). These systems allow organizations to compete in global markets. The opening
    case in Chapter 15 of the eTextbook, “New Systems Help Eli Lilly Standardize as a Global Company,”
    illustrates how a global company can have the same information system requirements as a local or domestic
    company but on a larger and more complex scale. In this example, the company had dozens of subsidiaries,
    each with its own business processes and reports. Can you imagine the chaos and confusion at corporate
    headquarters as they try to make sense of all the data? Imagine all of the data redundancies and

    UNIT VIII STUDY GUIDE
    Managing Global Systems

    ITC 5301, Management Information Systems 2

    UNIT x STUDY GUIDE
    Title

    inefficiencies when the subsidiaries execute monthly financial data from all of the different systems and data
    standards.

    In short, the company needed to retire all legacy systems and use a common IT platform such as a single
    enterprise resource planning (ERP) system. In 2010, the company did just that—they started implementing a
    single global instance of Systems, Applications, and Products (SAP) to all of their subsidiaries. Today, the
    company runs on SAP ERP and at least a dozen other SAP software solutions, including systems for
    governance, risk management, and compliance (GRC). Of significance was the implementation of the SAP
    GRC process controls so that the company could better manage key compliance activities across all business
    processes, such as compliance with Sarbanes-Oxley (SOX), segregation of duties (SoD) and operational
    controls for managing the business. The SAP GRC process control serves as a central repository to store
    data from a global control matrix for Lilly’s entire enterprise and improves management of those controls with
    automated monitoring. Because Lilly standardized and streamlined the execution of its processes and
    business rules throughout the organization, Lilly has become even more efficient and effective as a global
    company.

    Organizational challenges of globalization. There are several factors to take into account when operating
    globally. Organizations must take into consideration a country’s culture, social expectations, and political
    laws. These factors often are not part of our domestic policies, but they will add layers to the organization’s
    processes, information system requirements, and management strategies.

    For example, a trading company sent out informational brochures to its global investors that included the state
    of the company; production statistics; and a strengths, weaknesses, opportunities, and threats (SWOT)
    analysis. In the SWOT analysis, the company used a red flag to indicate a problematic area. In the United
    States, a red flag symbolizes “danger” or a “warning.” However, in other countries, the red flag symbolizes
    political socialism. You can imagine the trading company’s surprise when they were bombarded with e-mails
    asking why a socialist revolution (the red flag) was a threat to the company.

    Using the example above, we can see why there may be challenges conducting business with global
    companies because of language and cultural differences.

    Internationalization of business. Many companies do not construct all of their products in the United States.
    Apple’s iPhone is an excellent example of how the company relies on suppliers in other countries to
    manufacture parts for their phones. For example, some components are made in China, Malaysia, and Japan,
    and the assembly of the phones take place in Taiwan. This is only possible because of the advanced
    networks and information systems that Apple uses.

    Global Organization Business Strategies

    A company’s headquarters is not always located in the United States either; they can be in other countries,
    such as Germany and Japan, and have local or regional operations in the United States. There are four types
    of business strategies and structures that global organizations can use. They are domestic exporter,
    multinational, franchiser, and transnational.

    Domestic exporter. This is a company that conducts most, if not all, corporate activities in the home country
    of origin. Caterpillar is an example of a domestic exporter of construction and mining equipment as well as
    heavy duty diesel and gas engines.

    Multinational. This type of organization centralizes its financial management and control from within a central
    location such as the corporate headquarters. Product marketing, production, and sales are decentralized to
    suit local market environments. Intel is an example of a multinational organization because it is headquartered
    in California but also operates out of other countries such as Israel and the Ukraine.

    Franchiser. This structure relies on local manufacturing and finance, but foreign resources are used to
    complete production and marketing. Examples of this structure are companies that manufacture perishable
    products. McDonald’s is an example of a franchiser because it operates restaurant franchises throughout the
    United States and around the world.

    ITC 5301, Management Information Systems 3

    UNIT x STUDY GUIDE
    Title

    Transnational. This type of organization is truly transnational because it does not have a centralized location
    but, instead, operates using regional headquarters or a global headquarters. Activities are managed from a
    global perspective and without the confines of national borders. An example of a transnational company is
    Sony (Japanese) because it produces its products in other countries to save on manufacturing costs.

    Difficulties of Internationalization

    In “E-Commerce in China: Opportunities and Obstacles,” a case study from Chapter 15 of the eTextbook, a
    good example is provided regarding how China became one of the largest markets in e-commerce. E-
    commerce is strictly regulated in China by the Great Firewall of China. The Great Firewall of China is a set of
    rules, regulations, and technologies that regulate the Internet in China, according to Laudon and Laudon
    (2022). Chinese consumers have limited or no access to many foreign resources such as Google, Facebook,
    Snapchat, and some news sources (e.g., New York Times).

    By restricting access to foreign products, the Great Firewall of China forces the Chinese people to purchase
    products produced in China, reducing the demand for foreign products. As a result, China is home to several
    Internet giants such as Tencent, one of the world’s largest Internet and technology companies and the most
    valuable gaming and social media company, according to Laudon and Laudon (2022).

    From a cultural perspective, China is home to a large population of online shoppers who tend to be young,
    urban, and highly educated. This young generation of online shoppers are huge consumers of apparel, food
    and beverages, household goods, electronics, and healthcare products. There are a few select online social
    platforms that Chinese consumers can use to discover and evaluate products. But, because of the Great
    Firewall, only Chinese retailers are benefiting from engaging with consumers on these social platforms. This
    means it is extremely difficult for foreign companies to break through and reach the Chinese population with
    their products. To make matters even more difficult, in 2017, China passed a cybersecurity law, requiring
    foreign companies to undergo a security check and to store key data in China.

    Foreign companies that can conduct business with China must deal with the costs of doing business there.
    The main issue is the lack of high-quality logistic providers, resulting in the damage or loss of merchandise,
    slow or missing deliveries, and problems with other essential logistical services. These logistical issues can
    significantly increase e-commerce operating costs and consequently decrease profit margins.

    Summary

    Operating a global company is very much like operating a domestic company; both have the same
    information system requirements but on a larger and more complex scale. The example of Eli Lilly illustrated
    how a company with several subsidiaries could overcome business process issues by implementing a single
    enterprise-wide ERP system. By using a single global instance of SAP at all of its locations, the company
    became more efficient and effective as a global company.

    Global corporations often face challenges and problems when designing, building, and managing their
    technology infrastructure. Operating globally means removing a hodgepodge of hardware and software and
    arriving at a solution that streamlines the company’s processes to make them more effective and proficient.

    There are other challenges to operating globally such as cultural and political differences between countries.
    For example, when a company develops a user interface for an application, which language should be used?
    Will some colors, graphics, or designs be construed as problematic or perceived differently from what was
    intended?

    Reference

    Laudon, K. C., & Laudon, J. L. (2022). Management information systems: Managing the digital firm (17th ed.).

    Pearson.

    ITC 5301, Management Information Systems 4

    UNIT x STUDY GUIDE
    Title

    Suggested Unit Resources

    In order to access the following resources, click the links below.

    To reinforce the concepts from this unit, you are encouraged to review the following:

    • Chapter 15 PowerPoint Presentation
    (PDF for Chapter 15 PowerPoint presentation)

    The following video cases mentioned in your eTextbook augment the information presented in the assigned
    chapter readings. You are encouraged to review the Chapter 15 video cases linked below.

    Global Shop Solutions. (2012, February 7). Lean manufacturing & ERP Success Story: Humanetics and

    Global Shop Solutions [Video]. YouTube. https://www.youtube.com/watch?v=bOy1Q7s9lls

    Oracle Video. (2008, April 3). Daum runs Oracle Apps on Linux [Video]. YouTube.

    https://www.youtube.com/watch?v=ayZ3OLmjAp0

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    2

    Labor Relations and Collective Bargaining HRM 6304 Unit VIII Journal

    You have been asked to make a short speech to the executive team on how this course could help shape labor relations within the organization, including the history of the American labor movement, dispute resolutions, avoidance, models, strategies, and techniques. Reflect on the course and thoroughly explain your rationale.

    Ensure your journal entry is at least three pages in length but is no longer than four pages in length, is double-spaced, and uses 12- point Times New Roman font with one-inch margins. Section headings/subheadings should be used to help organize your paper. Journal posts should include a full title page including your name, and double-space all submissions.

    **## UnitVIIIStudyGuide.pdf**

    HRM 6304, Labor Relations and Collective Bargaining 1

    Course Learning Outcomes for Unit VIII

    Upon completion of this unit, students should be able to:

    6. Compare and contrast negotiation models, strategies, and tactics.
    6.1 Compare and contrast labor relations in the public and private sectors.
    6.2 Evaluate labor relations in other countries.

    Required Unit Resources

    Chapter 13: Labor Relations in the Public Sector, pp. 651–685

    Chapter 14: Labor Relations in Multinational Corporations and in Other Countries, pp. 702–746

    Unit Lesson

    Welcome to Unit VIII! Here we are in our last unit of the course on management and labor unions and the
    collective bargaining process. In the previous unit, we looked at what happens if our team efforts are not
    successful and we must consider an arbitrator or the strike/lockout option.

    Strikes and lockouts are usually last resorts. Union members typically strike if they feel unjustly treated. They
    blame management for the current issues, or the organizational culture is such that it supports a walkout
    (e.g., the employees feel they are not being treated with respect or fairness). If we refer back to our case,
    Harper Container Company (HCC) and the United Chemical and Plastics Workers Union (UCPW), we know
    the organizational culture has a history of caring for the employees. This is underscored by the low turnover
    rates and employee longevity. However, why are 50 grievances unanswered? Blaming management might be
    the reason the union membership voted to strike if they do not get a raise, but if management is sincere in
    caring about the employees, they need to plan for a raise. The management team will have to demonstrate
    this caring culture by how they negotiate the contract. The tricky part will be getting the union membership to
    understand that the equipment upgrade is essential. Persuasion might not be too difficult given the upgrades
    are a part of a federal mandate. The harder part will be the reduction of 30 of the highest-paying jobs due to
    the equipment upgrade.

    Depending on how the management team can bargain with the other issues on the table will determine if the
    union membership decides to strike. There are options for union members if they strike because there are
    other plants in the local area where they can seek employment. The problem is when you leave one
    company, you start at the bottom at the new company in terms of seniority and leave time. The management
    team will need to highlight the advantages and convince the union membership to accept the final offer.
    Negotiations combine the art of persuasion with developing trusting relationships and offering convincing
    arguments as to why certain issues deserve attention and acceptance and others can be traded or tabled until
    the next contract.

    UNIT VIII STUDY GUIDE
    Public Sector and
    Multinational Labor Relations

    HRM 6304, Labor Relations and Collective Bargaining 2

    UNIT x STUDY GUIDE
    Title

    One area to address is contract maintenance. Once
    both parties have reached an agreement and the
    union membership has approved, they have a
    contract they must work within for the next 3 to 5
    years. Both parties must be familiar with the contract
    because those will be the terms of engagement or
    guidelines until the next negotiation period. Both
    parties must be aware of what the contract
    stipulates in terms of what can be negotiated during
    the lifetime of the contract and what cannot. In our
    HCC case, both parties need to be clear that when
    the equipment upgrade is made, the 30 employees
    will be moved to other positions to cover the 24/7
    operations. If another reduction becomes necessary
    in a year or two, both parties must be clear as to
    what happens to those employees. The key to
    success during the life of the contract will depend on
    open and honest communication.

    Unions were very popular from the 1920s to the
    1950s. Back then, the work environment was much
    more harsh, unsanitary, and unsafe. As times
    changed, so did the laws to protect workers, such as
    age restrictions on children working instead of going
    to school, protective gear, and machines to do the
    harder and more dangerous work. For example,

    many coal miners in West Virginia would come home from work covered in black coal dust from head to toe
    and with no protective gear. Many died of black lung disease directly related to working in those mines.
    Today, coal miners are required to wear protective gear and can be terminated for not wearing it, and
    machines do most of the work of digging out the coal. In the past, children often started working in the mines
    at 15 years old. That simply would not happen today.

    In the 1950s, American unions were very powerful and had a voice in the government because they were so
    large and represented so many citizens. Today, unions do not have a voice in government.

    HRM 6304, Labor Relations and Collective Bargaining 3

    UNIT x STUDY GUIDE
    Title

    U.S. unions are often very different from those of
    other countries. For example, the United States is
    running about 13% union coverage whereas
    Mexico and Canada are closer to 30%. Countries
    like Finland, Sweden, and Belgium are 52–70%
    unionized. The government controls unions in
    Mexico, and the Labor Party controls unions in
    Great Britain.

    Unions have different rules and, like union shops
    here in the United States, the employees may or
    may not have a choice in joining the union. The
    teamsters were once very powerful in the United
    States, but situations have since changed.
    People got tired of the corruption and violence,
    laws changed, and union membership declined
    significantly. 50 years ago, most working people
    in the United States were union members; but
    back then, there were many more manufacturing
    jobs than there are now. Those jobs are gone
    and with them union membership. 50 years ago,
    the unions represented lower-class citizens, but
    this is not so anymore. Even today, in some
    states in the South, it is against the law to join a
    union—at least for some public-sector
    employees. On the other hand, in some states,
    there are still high concentrations of union
    employees: New York, Alaska, and Hawaii are
    examples. If it were not for the growth of unions
    in the public sector since the late 1960s, union
    membership would be much less than it is today.

    In what types of jobs do we see unions? Those would be the low-paying, underappreciated jobs such as
    teachers, firefighters, police officers, public transportation drivers, and nurses. It is a sad fact that the least is
    paid to those we depend on the most. Not surprisingly, they will be the ones who will strike for better wages
    and better working conditions. In times of recession, there is more interest in unions, but until they recognize
    and represent every working person, membership will not increase significantly.

    Unions in the United States are trying to increase membership by making the appeal that labor rights (the
    right to form and join a union) is a basic human right. Unions are looking for public support of unions to fight
    the huge employer opposition that currently exists.

    What have you learned in this course? Hopefully, you now know more about the collective bargaining
    process. If you think of it in the same light as a divorce process, it may be easier to understand. You have two
    teams that are connected through a relationship, but the relationship is no longer working. It is far better for
    everyone involved if the negotiation process to change the relationship is a process of honesty and trust. The
    opposing teams must be respectful and work together toward a common solution rather than to fight, cheat,
    lie, and otherwise hurt each other. Bad behavior has consequences including sanctions and interference from
    outside agencies. This is true for both the collective bargaining process and the divorce process. In both
    cases, the courts can order the parties to go to mediation or arbitration.

    The best takeaway from this course is that either side cannot over prepare for collective bargaining. Both
    parties must review the last contract and know it inside and out. You want to know what did and did not work
    in the previous contract and why. In our HCC case, if we were on the management team, we would want to
    know why there are 50 grievances outstanding. Although they are not money-related issues, a grievance is an
    indication of a problem. The problem might be process or procedure related, but it is still a problem that
    warranted a grievance. What is the nature of the problem or problems, and how can they be fixed during this
    new contract period? The union wants management to address the 50 grievances in the union’s favor as a
    bargaining chip, but how is it that 50 cases got stacked up? That is an issue that must be resolved in the

    HRM 6304, Labor Relations and Collective Bargaining 4

    UNIT x STUDY GUIDE
    Title

    current contract being negotiated. How can management improve the resolution process so that this issue of
    stacked grievances does not happen again?

    When preparing for negotiations, the teams need to look outside the organization to see what the rest of the
    industry is doing, what the community is doing, and what the trends are in recent labor contract settlements.
    Once they gather the data, they need to prepare a list of demands and justification for those demands based
    on the information gathered. It is also a good idea to prepare for the other party’s demands by being ready to
    counter their offer. Just as in a divorce, you want to know exactly what the other party is capable of delivering
    and be able to support your demands realistically. The teams need to look at the bigger picture and even look
    at the global picture when negotiating collective bargaining agreements. Many organizations move their
    operations overseas, so negotiation must take that possibility into account. The more prepared team stands
    the best chance of being the winning team.

    Reference

    Holley, W. H., Jr., Ross, W. H., & Wolters, R. S. (2017). The labor relations process (11th ed.). Cengage

    Learning. https://online.vitalsource.com/#/books/9781337025959

    **## UnitVIIIStudyGuide.pdf**

    HRM 6304, Labor Relations and Collective Bargaining 1

    Course Learning Outcomes for Unit VIII

    Upon completion of this unit, students should be able to:

    6. Compare and contrast negotiation models, strategies, and tactics.
    6.1 Compare and contrast labor relations in the public and private sectors.
    6.2 Evaluate labor relations in other countries.

    Required Unit Resources

    Chapter 13: Labor Relations in the Public Sector, pp. 651–685

    Chapter 14: Labor Relations in Multinational Corporations and in Other Countries, pp. 702–746

    Unit Lesson

    Welcome to Unit VIII! Here we are in our last unit of the course on management and labor unions and the
    collective bargaining process. In the previous unit, we looked at what happens if our team efforts are not
    successful and we must consider an arbitrator or the strike/lockout option.

    Strikes and lockouts are usually last resorts. Union members typically strike if they feel unjustly treated. They
    blame management for the current issues, or the organizational culture is such that it supports a walkout
    (e.g., the employees feel they are not being treated with respect or fairness). If we refer back to our case,
    Harper Container Company (HCC) and the United Chemical and Plastics Workers Union (UCPW), we know
    the organizational culture has a history of caring for the employees. This is underscored by the low turnover
    rates and employee longevity. However, why are 50 grievances unanswered? Blaming management might be
    the reason the union membership voted to strike if they do not get a raise, but if management is sincere in
    caring about the employees, they need to plan for a raise. The management team will have to demonstrate
    this caring culture by how they negotiate the contract. The tricky part will be getting the union membership to
    understand that the equipment upgrade is essential. Persuasion might not be too difficult given the upgrades
    are a part of a federal mandate. The harder part will be the reduction of 30 of the highest-paying jobs due to
    the equipment upgrade.

    Depending on how the management team can bargain with the other issues on the table will determine if the
    union membership decides to strike. There are options for union members if they strike because there are
    other plants in the local area where they can seek employment. The problem is when you leave one
    company, you start at the bottom at the new company in terms of seniority and leave time. The management
    team will need to highlight the advantages and convince the union membership to accept the final offer.
    Negotiations combine the art of persuasion with developing trusting relationships and offering convincing
    arguments as to why certain issues deserve attention and acceptance and others can be traded or tabled until
    the next contract.

    UNIT VIII STUDY GUIDE
    Public Sector and
    Multinational Labor Relations

    HRM 6304, Labor Relations and Collective Bargaining 2

    UNIT x STUDY GUIDE
    Title

    One area to address is contract maintenance. Once
    both parties have reached an agreement and the
    union membership has approved, they have a
    contract they must work within for the next 3 to 5
    years. Both parties must be familiar with the contract
    because those will be the terms of engagement or
    guidelines until the next negotiation period. Both
    parties must be aware of what the contract
    stipulates in terms of what can be negotiated during
    the lifetime of the contract and what cannot. In our
    HCC case, both parties need to be clear that when
    the equipment upgrade is made, the 30 employees
    will be moved to other positions to cover the 24/7
    operations. If another reduction becomes necessary
    in a year or two, both parties must be clear as to
    what happens to those employees. The key to
    success during the life of the contract will depend on
    open and honest communication.

    Unions were very popular from the 1920s to the
    1950s. Back then, the work environment was much
    more harsh, unsanitary, and unsafe. As times
    changed, so did the laws to protect workers, such as
    age restrictions on children working instead of going
    to school, protective gear, and machines to do the
    harder and more dangerous work. For example,

    many coal miners in West Virginia would come home from work covered in black coal dust from head to toe
    and with no protective gear. Many died of black lung disease directly related to working in those mines.
    Today, coal miners are required to wear protective gear and can be terminated for not wearing it, and
    machines do most of the work of digging out the coal. In the past, children often started working in the mines
    at 15 years old. That simply would not happen today.

    In the 1950s, American unions were very powerful and had a voice in the government because they were so
    large and represented so many citizens. Today, unions do not have a voice in government.

    HRM 6304, Labor Relations and Collective Bargaining 3

    UNIT x STUDY GUIDE
    Title

    U.S. unions are often very different from those of
    other countries. For example, the United States is
    running about 13% union coverage whereas
    Mexico and Canada are closer to 30%. Countries
    like Finland, Sweden, and Belgium are 52–70%
    unionized. The government controls unions in
    Mexico, and the Labor Party controls unions in
    Great Britain.

    Unions have different rules and, like union shops
    here in the United States, the employees may or
    may not have a choice in joining the union. The
    teamsters were once very powerful in the United
    States, but situations have since changed.
    People got tired of the corruption and violence,
    laws changed, and union membership declined
    significantly. 50 years ago, most working people
    in the United States were union members; but
    back then, there were many more manufacturing
    jobs than there are now. Those jobs are gone
    and with them union membership. 50 years ago,
    the unions represented lower-class citizens, but
    this is not so anymore. Even today, in some
    states in the South, it is against the law to join a
    union—at least for some public-sector
    employees. On the other hand, in some states,
    there are still high concentrations of union
    employees: New York, Alaska, and Hawaii are
    examples. If it were not for the growth of unions
    in the public sector since the late 1960s, union
    membership would be much less than it is today.

    In what types of jobs do we see unions? Those would be the low-paying, underappreciated jobs such as
    teachers, firefighters, police officers, public transportation drivers, and nurses. It is a sad fact that the least is
    paid to those we depend on the most. Not surprisingly, they will be the ones who will strike for better wages
    and better working conditions. In times of recession, there is more interest in unions, but until they recognize
    and represent every working person, membership will not increase significantly.

    Unions in the United States are trying to increase membership by making the appeal that labor rights (the
    right to form and join a union) is a basic human right. Unions are looking for public support of unions to fight
    the huge employer opposition that currently exists.

    What have you learned in this course? Hopefully, you now know more about the collective bargaining
    process. If you think of it in the same light as a divorce process, it may be easier to understand. You have two
    teams that are connected through a relationship, but the relationship is no longer working. It is far better for
    everyone involved if the negotiation process to change the relationship is a process of honesty and trust. The
    opposing teams must be respectful and work together toward a common solution rather than to fight, cheat,
    lie, and otherwise hurt each other. Bad behavior has consequences including sanctions and interference from
    outside agencies. This is true for both the collective bargaining process and the divorce process. In both
    cases, the courts can order the parties to go to mediation or arbitration.

    The best takeaway from this course is that either side cannot over prepare for collective bargaining. Both
    parties must review the last contract and know it inside and out. You want to know what did and did not work
    in the previous contract and why. In our HCC case, if we were on the management team, we would want to
    know why there are 50 grievances outstanding. Although they are not money-related issues, a grievance is an
    indication of a problem. The problem might be process or procedure related, but it is still a problem that
    warranted a grievance. What is the nature of the problem or problems, and how can they be fixed during this
    new contract period? The union wants management to address the 50 grievances in the union’s favor as a
    bargaining chip, but how is it that 50 cases got stacked up? That is an issue that must be resolved in the

    HRM 6304, Labor Relations and Collective Bargaining 4

    UNIT x STUDY GUIDE
    Title

    current contract being negotiated. How can management improve the resolution process so that this issue of
    stacked grievances does not happen again?

    When preparing for negotiations, the teams need to look outside the organization to see what the rest of the
    industry is doing, what the community is doing, and what the trends are in recent labor contract settlements.
    Once they gather the data, they need to prepare a list of demands and justification for those demands based
    on the information gathered. It is also a good idea to prepare for the other party’s demands by being ready to
    counter their offer. Just as in a divorce, you want to know exactly what the other party is capable of delivering
    and be able to support your demands realistically. The teams need to look at the bigger picture and even look
    at the global picture when negotiating collective bargaining agreements. Many organizations move their
    operations overseas, so negotiation must take that possibility into account. The more prepared team stands
    the best chance of being the winning team.

    Reference

    Holley, W. H., Jr., Ross, W. H., & Wolters, R. S. (2017). The labor relations process (11th ed.). Cengage

    Learning. https://online.vitalsource.com/#/books/9781337025959

    **## LaborRelationsandCollectiveBargainingHRM6304UnitVIIIJournal.docx**

    2

    Labor Relations and Collective Bargaining HRM 6304 Unit VIII Journal

    You have been asked to make a short speech to the executive team on how this course could help shape labor relations within the organization, including the history of the American labor movement, dispute resolutions, avoidance, models, strategies, and techniques. Reflect on the course and thoroughly explain your rationale.

    Ensure your journal entry is at least three pages in length but is no longer than four pages in length, is double-spaced, and uses 12- point Times New Roman font with one-inch margins. Section headings/subheadings should be used to help organize your paper. Journal posts should include a full title page including your name, and double-space all submissions.

    **## UnitVIIIStudyGuide.pdf**

    HRM 6304, Labor Relations and Collective Bargaining 1

    Course Learning Outcomes for Unit VIII

    Upon completion of this unit, students should be able to:

    6. Compare and contrast negotiation models, strategies, and tactics.
    6.1 Compare and contrast labor relations in the public and private sectors.
    6.2 Evaluate labor relations in other countries.

    Required Unit Resources

    Chapter 13: Labor Relations in the Public Sector, pp. 651–685

    Chapter 14: Labor Relations in Multinational Corporations and in Other Countries, pp. 702–746

    Unit Lesson

    Welcome to Unit VIII! Here we are in our last unit of the course on management and labor unions and the
    collective bargaining process. In the previous unit, we looked at what happens if our team efforts are not
    successful and we must consider an arbitrator or the strike/lockout option.

    Strikes and lockouts are usually last resorts. Union members typically strike if they feel unjustly treated. They
    blame management for the current issues, or the organizational culture is such that it supports a walkout
    (e.g., the employees feel they are not being treated with respect or fairness). If we refer back to our case,
    Harper Container Company (HCC) and the United Chemical and Plastics Workers Union (UCPW), we know
    the organizational culture has a history of caring for the employees. This is underscored by the low turnover
    rates and employee longevity. However, why are 50 grievances unanswered? Blaming management might be
    the reason the union membership voted to strike if they do not get a raise, but if management is sincere in
    caring about the employees, they need to plan for a raise. The management team will have to demonstrate
    this caring culture by how they negotiate the contract. The tricky part will be getting the union membership to
    understand that the equipment upgrade is essential. Persuasion might not be too difficult given the upgrades
    are a part of a federal mandate. The harder part will be the reduction of 30 of the highest-paying jobs due to
    the equipment upgrade.

    Depending on how the management team can bargain with the other issues on the table will determine if the
    union membership decides to strike. There are options for union members if they strike because there are
    other plants in the local area where they can seek employment. The problem is when you leave one
    company, you start at the bottom at the new company in terms of seniority and leave time. The management
    team will need to highlight the advantages and convince the union membership to accept the final offer.
    Negotiations combine the art of persuasion with developing trusting relationships and offering convincing
    arguments as to why certain issues deserve attention and acceptance and others can be traded or tabled until
    the next contract.

    UNIT VIII STUDY GUIDE
    Public Sector and
    Multinational Labor Relations

    HRM 6304, Labor Relations and Collective Bargaining 2

    UNIT x STUDY GUIDE
    Title

    One area to address is contract maintenance. Once
    both parties have reached an agreement and the
    union membership has approved, they have a
    contract they must work within for the next 3 to 5
    years. Both parties must be familiar with the contract
    because those will be the terms of engagement or
    guidelines until the next negotiation period. Both
    parties must be aware of what the contract
    stipulates in terms of what can be negotiated during
    the lifetime of the contract and what cannot. In our
    HCC case, both parties need to be clear that when
    the equipment upgrade is made, the 30 employees
    will be moved to other positions to cover the 24/7
    operations. If another reduction becomes necessary
    in a year or two, both parties must be clear as to
    what happens to those employees. The key to
    success during the life of the contract will depend on
    open and honest communication.

    Unions were very popular from the 1920s to the
    1950s. Back then, the work environment was much
    more harsh, unsanitary, and unsafe. As times
    changed, so did the laws to protect workers, such as
    age restrictions on children working instead of going
    to school, protective gear, and machines to do the
    harder and more dangerous work. For example,

    many coal miners in West Virginia would come home from work covered in black coal dust from head to toe
    and with no protective gear. Many died of black lung disease directly related to working in those mines.
    Today, coal miners are required to wear protective gear and can be terminated for not wearing it, and
    machines do most of the work of digging out the coal. In the past, children often started working in the mines
    at 15 years old. That simply would not happen today.

    In the 1950s, American unions were very powerful and had a voice in the government because they were so
    large and represented so many citizens. Today, unions do not have a voice in government.

    HRM 6304, Labor Relations and Collective Bargaining 3

    UNIT x STUDY GUIDE
    Title

    U.S. unions are often very different from those of
    other countries. For example, the United States is
    running about 13% union coverage whereas
    Mexico and Canada are closer to 30%. Countries
    like Finland, Sweden, and Belgium are 52–70%
    unionized. The government controls unions in
    Mexico, and the Labor Party controls unions in
    Great Britain.

    Unions have different rules and, like union shops
    here in the United States, the employees may or
    may not have a choice in joining the union. The
    teamsters were once very powerful in the United
    States, but situations have since changed.
    People got tired of the corruption and violence,
    laws changed, and union membership declined
    significantly. 50 years ago, most working people
    in the United States were union members; but
    back then, there were many more manufacturing
    jobs than there are now. Those jobs are gone
    and with them union membership. 50 years ago,
    the unions represented lower-class citizens, but
    this is not so anymore. Even today, in some
    states in the South, it is against the law to join a
    union—at least for some public-sector
    employees. On the other hand, in some states,
    there are still high concentrations of union
    employees: New York, Alaska, and Hawaii are
    examples. If it were not for the growth of unions
    in the public sector since the late 1960s, union
    membership would be much less than it is today.

    In what types of jobs do we see unions? Those would be the low-paying, underappreciated jobs such as
    teachers, firefighters, police officers, public transportation drivers, and nurses. It is a sad fact that the least is
    paid to those we depend on the most. Not surprisingly, they will be the ones who will strike for better wages
    and better working conditions. In times of recession, there is more interest in unions, but until they recognize
    and represent every working person, membership will not increase significantly.

    Unions in the United States are trying to increase membership by making the appeal that labor rights (the
    right to form and join a union) is a basic human right. Unions are looking for public support of unions to fight
    the huge employer opposition that currently exists.

    What have you learned in this course? Hopefully, you now know more about the collective bargaining
    process. If you think of it in the same light as a divorce process, it may be easier to understand. You have two
    teams that are connected through a relationship, but the relationship is no longer working. It is far better for
    everyone involved if the negotiation process to change the relationship is a process of honesty and trust. The
    opposing teams must be respectful and work together toward a common solution rather than to fight, cheat,
    lie, and otherwise hurt each other. Bad behavior has consequences including sanctions and interference from
    outside agencies. This is true for both the collective bargaining process and the divorce process. In both
    cases, the courts can order the parties to go to mediation or arbitration.

    The best takeaway from this course is that either side cannot over prepare for collective bargaining. Both
    parties must review the last contract and know it inside and out. You want to know what did and did not work
    in the previous contract and why. In our HCC case, if we were on the management team, we would want to
    know why there are 50 grievances outstanding. Although they are not money-related issues, a grievance is an
    indication of a problem. The problem might be process or procedure related, but it is still a problem that
    warranted a grievance. What is the nature of the problem or problems, and how can they be fixed during this
    new contract period? The union wants management to address the 50 grievances in the union’s favor as a
    bargaining chip, but how is it that 50 cases got stacked up? That is an issue that must be resolved in the

    HRM 6304, Labor Relations and Collective Bargaining 4

    UNIT x STUDY GUIDE
    Title

    current contract being negotiated. How can management improve the resolution process so that this issue of
    stacked grievances does not happen again?

    When preparing for negotiations, the teams need to look outside the organization to see what the rest of the
    industry is doing, what the community is doing, and what the trends are in recent labor contract settlements.
    Once they gather the data, they need to prepare a list of demands and justification for those demands based
    on the information gathered. It is also a good idea to prepare for the other party’s demands by being ready to
    counter their offer. Just as in a divorce, you want to know exactly what the other party is capable of delivering
    and be able to support your demands realistically. The teams need to look at the bigger picture and even look
    at the global picture when negotiating collective bargaining agreements. Many organizations move their
    operations overseas, so negotiation must take that possibility into account. The more prepared team stands
    the best chance of being the winning team.

    Reference

    Holley, W. H., Jr., Ross, W. H., & Wolters, R. S. (2017). The labor relations process (11th ed.). Cengage

    Learning. https://online.vitalsource.com/#/books/9781337025959

    **## LaborRelationsandCollectiveBargainingHRM6304UnitVIIIJournal.docx**

    2

    Labor Relations and Collective Bargaining HRM 6304 Unit VIII Journal

    You have been asked to make a short speech to the executive team on how this course could help shape labor relations within the organization, including the history of the American labor movement, dispute resolutions, avoidance, models, strategies, and techniques. Reflect on the course and thoroughly explain your rationale.

    Ensure your journal entry is at least three pages in length but is no longer than four pages in length, is double-spaced, and uses 12- point Times New Roman font with one-inch margins. Section headings/subheadings should be used to help organize your paper. Journal posts should include a full title page including your name, and double-space all submissions.

    **## UnitVIIIStudyGuide.pdf**

    HRM 6304, Labor Relations and Collective Bargaining 1

    Course Learning Outcomes for Unit VIII

    Upon completion of this unit, students should be able to:

    6. Compare and contrast negotiation models, strategies, and tactics.
    6.1 Compare and contrast labor relations in the public and private sectors.
    6.2 Evaluate labor relations in other countries.

    Required Unit Resources

    Chapter 13: Labor Relations in the Public Sector, pp. 651–685

    Chapter 14: Labor Relations in Multinational Corporations and in Other Countries, pp. 702–746

    Unit Lesson

    Welcome to Unit VIII! Here we are in our last unit of the course on management and labor unions and the
    collective bargaining process. In the previous unit, we looked at what happens if our team efforts are not
    successful and we must consider an arbitrator or the strike/lockout option.

    Strikes and lockouts are usually last resorts. Union members typically strike if they feel unjustly treated. They
    blame management for the current issues, or the organizational culture is such that it supports a walkout
    (e.g., the employees feel they are not being treated with respect or fairness). If we refer back to our case,
    Harper Container Company (HCC) and the United Chemical and Plastics Workers Union (UCPW), we know
    the organizational culture has a history of caring for the employees. This is underscored by the low turnover
    rates and employee longevity. However, why are 50 grievances unanswered? Blaming management might be
    the reason the union membership voted to strike if they do not get a raise, but if management is sincere in
    caring about the employees, they need to plan for a raise. The management team will have to demonstrate
    this caring culture by how they negotiate the contract. The tricky part will be getting the union membership to
    understand that the equipment upgrade is essential. Persuasion might not be too difficult given the upgrades
    are a part of a federal mandate. The harder part will be the reduction of 30 of the highest-paying jobs due to
    the equipment upgrade.

    Depending on how the management team can bargain with the other issues on the table will determine if the
    union membership decides to strike. There are options for union members if they strike because there are
    other plants in the local area where they can seek employment. The problem is when you leave one
    company, you start at the bottom at the new company in terms of seniority and leave time. The management
    team will need to highlight the advantages and convince the union membership to accept the final offer.
    Negotiations combine the art of persuasion with developing trusting relationships and offering convincing
    arguments as to why certain issues deserve attention and acceptance and others can be traded or tabled until
    the next contract.

    UNIT VIII STUDY GUIDE
    Public Sector and
    Multinational Labor Relations

    HRM 6304, Labor Relations and Collective Bargaining 2

    UNIT x STUDY GUIDE
    Title

    One area to address is contract maintenance. Once
    both parties have reached an agreement and the
    union membership has approved, they have a
    contract they must work within for the next 3 to 5
    years. Both parties must be familiar with the contract
    because those will be the terms of engagement or
    guidelines until the next negotiation period. Both
    parties must be aware of what the contract
    stipulates in terms of what can be negotiated during
    the lifetime of the contract and what cannot. In our
    HCC case, both parties need to be clear that when
    the equipment upgrade is made, the 30 employees
    will be moved to other positions to cover the 24/7
    operations. If another reduction becomes necessary
    in a year or two, both parties must be clear as to
    what happens to those employees. The key to
    success during the life of the contract will depend on
    open and honest communication.

    Unions were very popular from the 1920s to the
    1950s. Back then, the work environment was much
    more harsh, unsanitary, and unsafe. As times
    changed, so did the laws to protect workers, such as
    age restrictions on children working instead of going
    to school, protective gear, and machines to do the
    harder and more dangerous work. For example,

    many coal miners in West Virginia would come home from work covered in black coal dust from head to toe
    and with no protective gear. Many died of black lung disease directly related to working in those mines.
    Today, coal miners are required to wear protective gear and can be terminated for not wearing it, and
    machines do most of the work of digging out the coal. In the past, children often started working in the mines
    at 15 years old. That simply would not happen today.

    In the 1950s, American unions were very powerful and had a voice in the government because they were so
    large and represented so many citizens. Today, unions do not have a voice in government.

    HRM 6304, Labor Relations and Collective Bargaining 3

    UNIT x STUDY GUIDE
    Title

    U.S. unions are often very different from those of
    other countries. For example, the United States is
    running about 13% union coverage whereas
    Mexico and Canada are closer to 30%. Countries
    like Finland, Sweden, and Belgium are 52–70%
    unionized. The government controls unions in
    Mexico, and the Labor Party controls unions in
    Great Britain.

    Unions have different rules and, like union shops
    here in the United States, the employees may or
    may not have a choice in joining the union. The
    teamsters were once very powerful in the United
    States, but situations have since changed.
    People got tired of the corruption and violence,
    laws changed, and union membership declined
    significantly. 50 years ago, most working people
    in the United States were union members; but
    back then, there were many more manufacturing
    jobs than there are now. Those jobs are gone
    and with them union membership. 50 years ago,
    the unions represented lower-class citizens, but
    this is not so anymore. Even today, in some
    states in the South, it is against the law to join a
    union—at least for some public-sector
    employees. On the other hand, in some states,
    there are still high concentrations of union
    employees: New York, Alaska, and Hawaii are
    examples. If it were not for the growth of unions
    in the public sector since the late 1960s, union
    membership would be much less than it is today.

    In what types of jobs do we see unions? Those would be the low-paying, underappreciated jobs such as
    teachers, firefighters, police officers, public transportation drivers, and nurses. It is a sad fact that the least is
    paid to those we depend on the most. Not surprisingly, they will be the ones who will strike for better wages
    and better working conditions. In times of recession, there is more interest in unions, but until they recognize
    and represent every working person, membership will not increase significantly.

    Unions in the United States are trying to increase membership by making the appeal that labor rights (the
    right to form and join a union) is a basic human right. Unions are looking for public support of unions to fight
    the huge employer opposition that currently exists.

    What have you learned in this course? Hopefully, you now know more about the collective bargaining
    process. If you think of it in the same light as a divorce process, it may be easier to understand. You have two
    teams that are connected through a relationship, but the relationship is no longer working. It is far better for
    everyone involved if the negotiation process to change the relationship is a process of honesty and trust. The
    opposing teams must be respectful and work together toward a common solution rather than to fight, cheat,
    lie, and otherwise hurt each other. Bad behavior has consequences including sanctions and interference from
    outside agencies. This is true for both the collective bargaining process and the divorce process. In both
    cases, the courts can order the parties to go to mediation or arbitration.

    The best takeaway from this course is that either side cannot over prepare for collective bargaining. Both
    parties must review the last contract and know it inside and out. You want to know what did and did not work
    in the previous contract and why. In our HCC case, if we were on the management team, we would want to
    know why there are 50 grievances outstanding. Although they are not money-related issues, a grievance is an
    indication of a problem. The problem might be process or procedure related, but it is still a problem that
    warranted a grievance. What is the nature of the problem or problems, and how can they be fixed during this
    new contract period? The union wants management to address the 50 grievances in the union’s favor as a
    bargaining chip, but how is it that 50 cases got stacked up? That is an issue that must be resolved in the

    HRM 6304, Labor Relations and Collective Bargaining 4

    UNIT x STUDY GUIDE
    Title

    current contract being negotiated. How can management improve the resolution process so that this issue of
    stacked grievances does not happen again?

    When preparing for negotiations, the teams need to look outside the organization to see what the rest of the
    industry is doing, what the community is doing, and what the trends are in recent labor contract settlements.
    Once they gather the data, they need to prepare a list of demands and justification for those demands based
    on the information gathered. It is also a good idea to prepare for the other party’s demands by being ready to
    counter their offer. Just as in a divorce, you want to know exactly what the other party is capable of delivering
    and be able to support your demands realistically. The teams need to look at the bigger picture and even look
    at the global picture when negotiating collective bargaining agreements. Many organizations move their
    operations overseas, so negotiation must take that possibility into account. The more prepared team stands
    the best chance of being the winning team.

    Reference

    Holley, W. H., Jr., Ross, W. H., & Wolters, R. S. (2017). The labor relations process (11th ed.). Cengage

    Learning. https://online.vitalsource.com/#/books/9781337025959

  • [Solved] EXP A3

    ✓ Verified Academic Solution Available

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    A2 is a completed assignment. A2 has to be reviewed in order to complete A3. **files (2)** – ## _A3TemplateFIS.docx – ## EXPA2completed.docx **## _A3TemplateFIS.docx** Student Name: firstName lastName [A3 – Assignment 3] Create Personas and User Stories based on your interview. This is another a…

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    Assignment Prompt & Instructions

    A2 is a completed assignment. A2 has to be reviewed in order to complete A3.

    **files (2)**

    – ## _A3TemplateFIS.docx

    – ## EXPA2completed.docx

    **## _A3TemplateFIS.docx**

    Student Name: firstName lastName

    [A3 – Assignment 3]

    Create Personas and User Stories based on your interview. This is another application of the Empathize step in the Design Thinking framework. Here, you restate or depict the client needs you heard in the form of Personas and User Stories, articulating them in an easier-to-understand format for the business users/clients. The learning objective is to reflect your understanding of the client’s needs in vivid and structured personas and user stories. [Instructions: Use “A3 Template” for this assignment. The template is in the “Class Resources” folder of the class website. There is a 50% penalty for not using the template.]

    i.
    Research and write what the Design Thinking framework says about Personas and User Stories.

    a. Your Persona definitions must include a name, a role, and pain points. [Your answer here …]

    b. Your User Story definitions must include a persona name, the actions the Persona wishes to perform, and the Persona’s goal. [Your answer here …]

    ii. Interview recap. Refer to your client interview in A2 and recapitulate your A2 interview by providing the company name (who you interviewed), the primary company product/service (what they do), the company’s Fintech need (what business goal the company wishes to achieve with the Fintech product/service), and the decision-making role of the person you interviewed.

    a. Company name: [Your answer here …]

    b. Company product/service: [Your answer here …]

    c. Fintech need: [Your answer here …]

    d. Interviewee role: [Your answer here …]

    iii. Identify pain points for three Personas. Write the Persona’s name, role, and pain points in the User Stories. Pain points are the problems or issues that the Persona would like you to solve for them. A user story is a general explanation of a software feature written from the perspective of the end user. Write the user story from the user's perspective and follow the format: “As [a user persona], I want [to perform this action] so that [I can accomplish this goal].” The user’s actions are intended to solve the Persona’s pain points. The learning objective is to create an appropriate Persona to depict the client’s market, represent the client's pain points in the intended actions, and confirm that the client's pain point is removed when the goal is accomplished.

    a. Persona 1, User Story 1. As [a user persona], I want [to perform this action] so that [I can accomplish this goal]

    b. Persona 2, User Story 2. As [a user persona], I want [to perform this action] so that [I can accomplish this goal]

    c. Persona 3, User Story 3. As [a user persona], I want [to perform this action] so that [I can accomplish this goal]

    iv. Research. Write a research question on the Fintech sector’s customer/competitor behavior, business processes, and innovations.

    a. Based on what you learn in this assignment, write a one-paragraph research methodology on the Design Thinking framework approach of Personas and User Stories.

    [Your answer here …]

    b. Write a 30-50-word annotated bibliography for three references that serve as the literature review for your research methods.

    [Your answer here …]

    v. Confirm your assignment is named “A3 first & last name” and submitted at the following three locations:

    a. Discussion Group: Share with the entire class in the discussion forum. This is where everyone can see the class work as a whole and gain value from the class. Navigate to the discussion group board and submit.

    b. Group locker: Share with your group and engage in group discussions and brainstorming.

    c. Assignment link: Submit your work for grading in the assignment link. Here, you must upload both the assignment and the screenshots. Submit one per group in the assignment link. Include a screenshot confirming that the group work is shared with your group and the entire class.

    vi. Rubric: Review and confirm you have completed all rubric items below. Notice the penalty listed in the rubric.

    a. Template: “A3 Template” is provided for this assignment. You will find all templates in the “Class Resources” folder under the Table of Contents on the course website. Download the “A3 Template”, save it as “A3 first & last name”, keep all template information except the highlighted portions, and replace the highlighted portions with your answers. There is a 50% penalty (-50 points) for failure to follow the template.

    b. Submission: Confirm your submission in the three locations mentioned above: group discussion, group locker, and assignment link. There is a 50% penalty (-50 points) for failure to follow these submission instructions.

    | | | |
    | — | — | — |
    | **Rubric for Assignment 3 (A3)** | **Possible**<br>**Points** | **Points Scored** |
    | The submission highlights the client’s pain points articulated in the form of Personas and User Stories. | 10 | |
    | The pain points are derived from the interviews, and they reflect the business’s Fintech needs. The Personas and User Stories capture the Design Thinking framework's goal of the Voice of the Customer. | 30 | |
    | The submission has captured the client’s need in a pain point, identified a solution action to address the pain point, and the goal confirms that the pain point will be removed. | 30 | |
    | The submission has articulated an academic research method, citations, and an annotated bibliography. | 30 | |
    | Total | 100 | |
    | The submission uses the template for this assignment. The template is in the “Class Resources” folder in D2L. [50% penalty for failing to adhere to the template.] | -50 | |
    | Upload and share your assignment to the entire class (in the group discussion), your class group (in the group locker), and for grading (in the assignment link). Share a screenshot of your submission to confirm. [50% penalty if screenshot confirmation is not uploaded in the D2L assignment link.] | -50 | |
    | Feedback: | | |

    **## EXPA2completed.docx**

    Student Name:

    [A2 – Assignment 2]

    Develop Fintech needs for a business. This is the Empathize step of the Design Thinking framework. Here, you put yourself in the client’s shoes and learn about their needs. Identify a business from your network or visit a local business in your neighborhood. Introduce yourself as a student researcher learning about Fintech payments. Describe what you are learning about Fintech and inquire about their willingness to help with your school project, if they are using Fintech products/services, why (why not), their business input, operation, and output, their customers, growth plans, and challenges. Your learning objective is to assess the Fintech needs of a business. [Instructions: Use “A2 Template” for this assignment. The template is in the “Class Resources” folder in D2L. There is a 50% penalty for not using the template.]

    a. Describe the business you selected and interviewed.

    i. Business name

    Worldpay

    ii. Describe the primary products/services of the business

    Worldpay provides payment services that enables them to accept payments domestically and internationally.

    iii. Describe the interview setup (at the office, in Teams, etc.).

    The interview was conducted during a lunch meeting in Atlantic Station

    iv. Describe the person(s) you interviewed. What is the job role of the interviewee? What role in making decisions does the interviewee have in the company’s Fintech products/services?

    The person I interviewed is Ericka Sampey, a Senior Fraud Detection Analyst. Ericka’s role involves reviewing transactions that flag for potential fraud. Once flagged, a review is completed that includes reaching out to the business to uncover details. The goal is to determine if the transaction is a risk not only to the business but to Worldpay as well.

    b. Research and write what the Design Thinking framework says about the Empathize step.

    Empathize is the first step in the Design Thinking process. This step is used to develop an understanding of the problem you are trying to solve. Empathy allows businesses to focus more on the needs of your clients rather than internal assumptions. This step is crucial to business development and problem solving.

    c. Empathize 1 – views from the perspective of the business you interviewed. Write what you learned about their Fintech products/services, customers, and competitors.

    i. What are the company’s primary Fintech products/services, and how are they used in the business operations?

    The primary Fintech product Worldpay offers is merchant services, which allows business to accept payments for goods and/or services.

    ii. Who are the company’s customers and what is the role of Fintech products/services in their customer interactions?

    Worldpay’s customer base is mostly small businesses, but they have relationships with larger corporations as well. These were not provided in the interview for privacy reasons.

    iii. Who are the company’s competitors and what is the role of Fintech products/services among competitors?

    Some of Worldpay’s competitors would be Stripe, PayPal and Square. These companies also provide merchant services to clients and in many cases the competition is centered around pricing, fees, and fraud prevention.

    d. Empathize 2 – views from the perspective of the business you interviewed. Write what you learned about how Fintech products/services are used in their business. Discuss in terms of the business inputs, processes, outputs, growth projections, and performance improvements.

    i. Describe how Fintech products/services support the input, process, and output of the business.

    The FinTech product examined is merchant payment processing with built-in fraud monitoring. The inputs include customer payment information such as card details, transaction amounts, and basic transaction data submitted at checkout. These inputs move through automated processes that include transaction authorization, fraud checks, and risk review. The outputs are approved or declined transactions, settlement of funds to the merchant, and transaction reporting. This service supports business operations by allowing payments to be processed quickly while reducing fraud risk and limiting the need for manual review.

    ii. What are the company’s growth projections, and what role do Fintech products/services play in the anticipated growth projections?

    Growth for this payment and fraud-prevention service is driven by increased use of digital and online payments. As more transactions are processed electronically, FinTech tools allow the service to handle higher volumes while maintaining security and reliability. Scalable systems and automated fraud tools support continued use of the service as transaction activity increases.

    iii. What are the company’s plans to improve performance, and what role do Fintech products/services play in the planned performance improvements?

    Performance improvements for this service focus on improving speed, fraud detection and accuracy of approvals. FinTech tools such as real-time monitoring and data analysis help reduce false declines and improve the overall payment experience. These improvements support both merchants and customers by allowing legitimate transactions to process smoothly while blocking fraudulent activity.

    e.
    Empathize 3 – views from the perspective of the business you interviewed. Write what you learned about innovation in their sector, opportunities and challenges, and a Fintech vision.

    i. What are the Fintech innovations in their business sector, and what role do these innovations play in the company’s business processes?

    FinTech innovations related to this service include real-time payment processing and automated fraud monitoring. These innovations allow transactions to be reviewed and approved quickly while continuously monitoring suspicious activity. This reduces delays in payment processing and strengthens security for merchants and customers.

    ii.
    List the Fintech opportunities and challenges in their business sector and describe the anticipated impact of these opportunities and challenges on the company’s business processes.

    Opportunities for this service include continued growth in online payments and improvements in fraud prevention technology. Challenges include increasing fraud attempts and the need to keep systems updated as payment methods and regulations change. These challenges affect how efficiently and securely payments are processed.

    iii.
    Ask about their Fintech vision and write what you learned. Note: write their answer and your reflection on how their vision helped you further understand the client’s Fintech product/service needs.

    In the interview, Ericka explained that the vision for this payment and fraud prevention service is to provide secure and reliable transactions that are easy for businesses to use.

    This response helped me better understand that the service is designed to support everyday payment activity while protecting both merchants and customers from fraud. It reinforced that security and simplicity are key goals of the product.

    f. Research. Write a research question on the Fintech sector’s customer/competitor behavior, business processes, and innovations.

    i. Based on what you learn in this assignment, write a research question on the Fintech customer’s/ competitor’s behavior, business processes, or sector innovations.

    How does Worldpay’s payment and fraud-prevention technologies influence customer behavior and competition in the payment processing industry?

    ii. Write a 30-50-word annotated bibliography for three references that serve as the literature review for your research question.

    Worldpay. (2024). Fraud prevention solutions

    [https://www.worldpay.com/en/products/fraud-prevention](https://www.worldpay.com/en/products/fraud-prevention)

    This source explains how Worldpay uses machine learning tools and real time monitoring to reduce fraud and improve transaction approval rates. It supports understanding how FinTech innovations influence customer trust, payment reliability, and operational efficiency.

    Worldpay. (2024). Worldpay receives top ranking in e-commerce technology.

    [https://corporate.worldpay.com/news-releases/news-release-details/worldpay-receives-top-ranking-e-commerce-technology](https://corporate.worldpay.com/news-releases/news-release-details/worldpay-receives-top-ranking-e-commerce-technology)

    This press release highlights Worldpay’s leadership in e-commerce payment innovation. It provides insight into how FinTech investments strengthens competitive positioning and shapes customer expectations in the global payment processing industry.

    Fintech Magazine. (2025). Top 10: payment processors.

    [https://fintechmagazine.com/top10/top-10-payment-processors](https://fintechmagazine.com/top10/top-10-payment-processors)

    This article ranks the leading payment processors globally. It explains how industry consolidation and technology investments shape competitive dynamics. The article supports understanding how customer preferences and innovation influence business strategy and rivalry in the FinTech payments industry.

    g.
    Confirm your assignment is named “A2 first & last name” and submitted at the following three locations:

    i.
    Discussion Group: Share with the entire class in the discussion forum. This is where everyone can see the class work as a whole and gain value from the class. Navigate to the discussion group board and submit.

    ii. Group locker: Share with your group and engage in group discussions and brainstorming.

    iii. Assignment link: Submit your work for grading in the assignment link. Here, you must upload both the assignment and the screenshots. Submit one per group in the assignment link. Include a screenshot confirming that the group work is shared with your group and the entire class.

    h.
    Rubric: Review and confirm you have completed all rubric items below. Notice the penalty listed in the rubric.

    i. Template: “A2 Template” is provided for this assignment. You will find all templates in the “Class Resources” folder under the Table of Contents on the course website. Download the “A2 Template”, save it as “A2 first & last name”, keep all template information except the highlighted portions, and replace the highlighted portions with your answers. There is a 50% penalty (-50 points) for failure to adhere to the template.

    ii. Submission: confirm your submission in the three locations noted above: group discussion, group locker, and assignment link. There is a 50-point (-50 points) penalty for failure to follow this submission instruction.

    | | | |
    | — | — | — |
    | **Rubric for Assignment 2 (A2)** | **Possible**<br>**Points** | **Points Scored** |
    | The submission has captured the spirit of the Empathize step in the Design Thinking framework. | 10 | |
    | The submission has clearly identified the customers and the business processes (inputs, processes, and outputs) of the identified products and services. | 30 | |
    | The submission has defined the innovations and created a forward-looking Fintech vision. | 30 | |
    | The submission has articulated an academic research question, citations, and an annotated bibliography. | 30 | |
    | Total | 100 | |
    | The submission uses the template for this assignment. The template is in the “Class Resources” folder in D2L. [50% penalty for failing to follow this instruction.] | -50 | |
    | Upload and share your assignment to the entire class (in the group discussion), your class group (in the group locker), and for grading (in the assignment link). Share a screenshot of your submission to confirm. [50% penalty if screenshot confirmation is not uploaded in the D2L assignment link.] | -50 | |
    | Feedback: | | |

    **## EXPA2completed.docx**

    Student Name:

    [A2 – Assignment 2]

    Develop Fintech needs for a business. This is the Empathize step of the Design Thinking framework. Here, you put yourself in the client’s shoes and learn about their needs. Identify a business from your network or visit a local business in your neighborhood. Introduce yourself as a student researcher learning about Fintech payments. Describe what you are learning about Fintech and inquire about their willingness to help with your school project, if they are using Fintech products/services, why (why not), their business input, operation, and output, their customers, growth plans, and challenges. Your learning objective is to assess the Fintech needs of a business. [Instructions: Use “A2 Template” for this assignment. The template is in the “Class Resources” folder in D2L. There is a 50% penalty for not using the template.]

    a. Describe the business you selected and interviewed.

    i. Business name

    Worldpay

    ii. Describe the primary products/services of the business

    Worldpay provides payment services that enables them to accept payments domestically and internationally.

    iii. Describe the interview setup (at the office, in Teams, etc.).

    The interview was conducted during a lunch meeting in Atlantic Station

    iv. Describe the person(s) you interviewed. What is the job role of the interviewee? What role in making decisions does the interviewee have in the company’s Fintech products/services?

    The person I interviewed is Ericka Sampey, a Senior Fraud Detection Analyst. Ericka’s role involves reviewing transactions that flag for potential fraud. Once flagged, a review is completed that includes reaching out to the business to uncover details. The goal is to determine if the transaction is a risk not only to the business but to Worldpay as well.

    b. Research and write what the Design Thinking framework says about the Empathize step.

    Empathize is the first step in the Design Thinking process. This step is used to develop an understanding of the problem you are trying to solve. Empathy allows businesses to focus more on the needs of your clients rather than internal assumptions. This step is crucial to business development and problem solving.

    c. Empathize 1 – views from the perspective of the business you interviewed. Write what you learned about their Fintech products/services, customers, and competitors.

    i. What are the company’s primary Fintech products/services, and how are they used in the business operations?

    The primary Fintech product Worldpay offers is merchant services, which allows business to accept payments for goods and/or services.

    ii. Who are the company’s customers and what is the role of Fintech products/services in their customer interactions?

    Worldpay’s customer base is mostly small businesses, but they have relationships with larger corporations as well. These were not provided in the interview for privacy reasons.

    iii. Who are the company’s competitors and what is the role of Fintech products/services among competitors?

    Some of Worldpay’s competitors would be Stripe, PayPal and Square. These companies also provide merchant services to clients and in many cases the competition is centered around pricing, fees, and fraud prevention.

    d. Empathize 2 – views from the perspective of the business you interviewed. Write what you learned about how Fintech products/services are used in their business. Discuss in terms of the business inputs, processes, outputs, growth projections, and performance improvements.

    i. Describe how Fintech products/services support the input, process, and output of the business.

    The FinTech product examined is merchant payment processing with built-in fraud monitoring. The inputs include customer payment information such as card details, transaction amounts, and basic transaction data submitted at checkout. These inputs move through automated processes that include transaction authorization, fraud checks, and risk review. The outputs are approved or declined transactions, settlement of funds to the merchant, and transaction reporting. This service supports business operations by allowing payments to be processed quickly while reducing fraud risk and limiting the need for manual review.

    ii. What are the company’s growth projections, and what role do Fintech products/services play in the anticipated growth projections?

    Growth for this payment and fraud-prevention service is driven by increased use of digital and online payments. As more transactions are processed electronically, FinTech tools allow the service to handle higher volumes while maintaining security and reliability. Scalable systems and automated fraud tools support continued use of the service as transaction activity increases.

    iii. What are the company’s plans to improve performance, and what role do Fintech products/services play in the planned performance improvements?

    Performance improvements for this service focus on improving speed, fraud detection and accuracy of approvals. FinTech tools such as real-time monitoring and data analysis help reduce false declines and improve the overall payment experience. These improvements support both merchants and customers by allowing legitimate transactions to process smoothly while blocking fraudulent activity.

    e.
    Empathize 3 – views from the perspective of the business you interviewed. Write what you learned about innovation in their sector, opportunities and challenges, and a Fintech vision.

    i. What are the Fintech innovations in their business sector, and what role do these innovations play in the company’s business processes?

    FinTech innovations related to this service include real-time payment processing and automated fraud monitoring. These innovations allow transactions to be reviewed and approved quickly while continuously monitoring suspicious activity. This reduces delays in payment processing and strengthens security for merchants and customers.

    ii.
    List the Fintech opportunities and challenges in their business sector and describe the anticipated impact of these opportunities and challenges on the company’s business processes.

    Opportunities for this service include continued growth in online payments and improvements in fraud prevention technology. Challenges include increasing fraud attempts and the need to keep systems updated as payment methods and regulations change. These challenges affect how efficiently and securely payments are processed.

    iii.
    Ask about their Fintech vision and write what you learned. Note: write their answer and your reflection on how their vision helped you further understand the client’s Fintech product/service needs.

    In the interview, Ericka explained that the vision for this payment and fraud prevention service is to provide secure and reliable transactions that are easy for businesses to use.

    This response helped me better understand that the service is designed to support everyday payment activity while protecting both merchants and customers from fraud. It reinforced that security and simplicity are key goals of the product.

    f. Research. Write a research question on the Fintech sector’s customer/competitor behavior, business processes, and innovations.

    i. Based on what you learn in this assignment, write a research question on the Fintech customer’s/ competitor’s behavior, business processes, or sector innovations.

    How does Worldpay’s payment and fraud-prevention technologies influence customer behavior and competition in the payment processing industry?

    ii. Write a 30-50-word annotated bibliography for three references that serve as the literature review for your research question.

    Worldpay. (2024). Fraud prevention solutions

    [https://www.worldpay.com/en/products/fraud-prevention](https://www.worldpay.com/en/products/fraud-prevention)

    This source explains how Worldpay uses machine learning tools and real time monitoring to reduce fraud and improve transaction approval rates. It supports understanding how FinTech innovations influence customer trust, payment reliability, and operational efficiency.

    Worldpay. (2024). Worldpay receives top ranking in e-commerce technology.

    [https://corporate.worldpay.com/news-releases/news-release-details/worldpay-receives-top-ranking-e-commerce-technology](https://corporate.worldpay.com/news-releases/news-release-details/worldpay-receives-top-ranking-e-commerce-technology)

    This press release highlights Worldpay’s leadership in e-commerce payment innovation. It provides insight into how FinTech investments strengthens competitive positioning and shapes customer expectations in the global payment processing industry.

    Fintech Magazine. (2025). Top 10: payment processors.

    [https://fintechmagazine.com/top10/top-10-payment-processors](https://fintechmagazine.com/top10/top-10-payment-processors)

    This article ranks the leading payment processors globally. It explains how industry consolidation and technology investments shape competitive dynamics. The article supports understanding how customer preferences and innovation influence business strategy and rivalry in the FinTech payments industry.

    g.
    Confirm your assignment is named “A2 first & last name” and submitted at the following three locations:

    i.
    Discussion Group: Share with the entire class in the discussion forum. This is where everyone can see the class work as a whole and gain value from the class. Navigate to the discussion group board and submit.

    ii. Group locker: Share with your group and engage in group discussions and brainstorming.

    iii. Assignment link: Submit your work for grading in the assignment link. Here, you must upload both the assignment and the screenshots. Submit one per group in the assignment link. Include a screenshot confirming that the group work is shared with your group and the entire class.

    h.
    Rubric: Review and confirm you have completed all rubric items below. Notice the penalty listed in the rubric.

    i. Template: “A2 Template” is provided for this assignment. You will find all templates in the “Class Resources” folder under the Table of Contents on the course website. Download the “A2 Template”, save it as “A2 first & last name”, keep all template information except the highlighted portions, and replace the highlighted portions with your answers. There is a 50% penalty (-50 points) for failure to adhere to the template.

    ii. Submission: confirm your submission in the three locations noted above: group discussion, group locker, and assignment link. There is a 50-point (-50 points) penalty for failure to follow this submission instruction.

    | | | |
    | — | — | — |
    | **Rubric for Assignment 2 (A2)** | **Possible**<br>**Points** | **Points Scored** |
    | The submission has captured the spirit of the Empathize step in the Design Thinking framework. | 10 | |
    | The submission has clearly identified the customers and the business processes (inputs, processes, and outputs) of the identified products and services. | 30 | |
    | The submission has defined the innovations and created a forward-looking Fintech vision. | 30 | |
    | The submission has articulated an academic research question, citations, and an annotated bibliography. | 30 | |
    | Total | 100 | |
    | The submission uses the template for this assignment. The template is in the “Class Resources” folder in D2L. [50% penalty for failing to follow this instruction.] | -50 | |
    | Upload and share your assignment to the entire class (in the group discussion), your class group (in the group locker), and for grading (in the assignment link). Share a screenshot of your submission to confirm. [50% penalty if screenshot confirmation is not uploaded in the D2L assignment link.] | -50 | |
    | Feedback: | | |

    **## _A3TemplateFIS.docx**

    Student Name: firstName lastName

    [A3 – Assignment 3]

    Create Personas and User Stories based on your interview. This is another application of the Empathize step in the Design Thinking framework. Here, you restate or depict the client needs you heard in the form of Personas and User Stories, articulating them in an easier-to-understand format for the business users/clients. The learning objective is to reflect your understanding of the client’s needs in vivid and structured personas and user stories. [Instructions: Use “A3 Template” for this assignment. The template is in the “Class Resources” folder of the class website. There is a 50% penalty for not using the template.]

    i.
    Research and write what the Design Thinking framework says about Personas and User Stories.

    a. Your Persona definitions must include a name, a role, and pain points. [Your answer here …]

    b. Your User Story definitions must include a persona name, the actions the Persona wishes to perform, and the Persona’s goal. [Your answer here …]

    ii. Interview recap. Refer to your client interview in A2 and recapitulate your A2 interview by providing the company name (who you interviewed), the primary company product/service (what they do), the company’s Fintech need (what business goal the company wishes to achieve with the Fintech product/service), and the decision-making role of the person you interviewed.

    a. Company name: [Your answer here …]

    b. Company product/service: [Your answer here …]

    c. Fintech need: [Your answer here …]

    d. Interviewee role: [Your answer here …]

    iii. Identify pain points for three Personas. Write the Persona’s name, role, and pain points in the User Stories. Pain points are the problems or issues that the Persona would like you to solve for them. A user story is a general explanation of a software feature written from the perspective of the end user. Write the user story from the user's perspective and follow the format: “As [a user persona], I want [to perform this action] so that [I can accomplish this goal].” The user’s actions are intended to solve the Persona’s pain points. The learning objective is to create an appropriate Persona to depict the client’s market, represent the client's pain points in the intended actions, and confirm that the client's pain point is removed when the goal is accomplished.

    a. Persona 1, User Story 1. As [a user persona], I want [to perform this action] so that [I can accomplish this goal]

    b. Persona 2, User Story 2. As [a user persona], I want [to perform this action] so that [I can accomplish this goal]

    c. Persona 3, User Story 3. As [a user persona], I want [to perform this action] so that [I can accomplish this goal]

    iv. Research. Write a research question on the Fintech sector’s customer/competitor behavior, business processes, and innovations.

    a. Based on what you learn in this assignment, write a one-paragraph research methodology on the Design Thinking framework approach of Personas and User Stories.

    [Your answer here …]

    b. Write a 30-50-word annotated bibliography for three references that serve as the literature review for your research methods.

    [Your answer here …]

    v. Confirm your assignment is named “A3 first & last name” and submitted at the following three locations:

    a. Discussion Group: Share with the entire class in the discussion forum. This is where everyone can see the class work as a whole and gain value from the class. Navigate to the discussion group board and submit.

    b. Group locker: Share with your group and engage in group discussions and brainstorming.

    c. Assignment link: Submit your work for grading in the assignment link. Here, you must upload both the assignment and the screenshots. Submit one per group in the assignment link. Include a screenshot confirming that the group work is shared with your group and the entire class.

    vi. Rubric: Review and confirm you have completed all rubric items below. Notice the penalty listed in the rubric.

    a. Template: “A3 Template” is provided for this assignment. You will find all templates in the “Class Resources” folder under the Table of Contents on the course website. Download the “A3 Template”, save it as “A3 first & last name”, keep all template information except the highlighted portions, and replace the highlighted portions with your answers. There is a 50% penalty (-50 points) for failure to follow the template.

    b. Submission: Confirm your submission in the three locations mentioned above: group discussion, group locker, and assignment link. There is a 50% penalty (-50 points) for failure to follow these submission instructions.

    | | | |
    | — | — | — |
    | **Rubric for Assignment 3 (A3)** | **Possible**<br>**Points** | **Points Scored** |
    | The submission highlights the client’s pain points articulated in the form of Personas and User Stories. | 10 | |
    | The pain points are derived from the interviews, and they reflect the business’s Fintech needs. The Personas and User Stories capture the Design Thinking framework's goal of the Voice of the Customer. | 30 | |
    | The submission has captured the client’s need in a pain point, identified a solution action to address the pain point, and the goal confirms that the pain point will be removed. | 30 | |
    | The submission has articulated an academic research method, citations, and an annotated bibliography. | 30 | |
    | Total | 100 | |
    | The submission uses the template for this assignment. The template is in the “Class Resources” folder in D2L. [50% penalty for failing to adhere to the template.] | -50 | |
    | Upload and share your assignment to the entire class (in the group discussion), your class group (in the group locker), and for grading (in the assignment link). Share a screenshot of your submission to confirm. [50% penalty if screenshot confirmation is not uploaded in the D2L assignment link.] | -50 | |
    | Feedback: | | |

    **## EXPA2completed.docx**

    Student Name:

    [A2 – Assignment 2]

    Develop Fintech needs for a business. This is the Empathize step of the Design Thinking framework. Here, you put yourself in the client’s shoes and learn about their needs. Identify a business from your network or visit a local business in your neighborhood. Introduce yourself as a student researcher learning about Fintech payments. Describe what you are learning about Fintech and inquire about their willingness to help with your school project, if they are using Fintech products/services, why (why not), their business input, operation, and output, their customers, growth plans, and challenges. Your learning objective is to assess the Fintech needs of a business. [Instructions: Use “A2 Template” for this assignment. The template is in the “Class Resources” folder in D2L. There is a 50% penalty for not using the template.]

    a. Describe the business you selected and interviewed.

    i. Business name

    Worldpay

    ii. Describe the primary products/services of the business

    Worldpay provides payment services that enables them to accept payments domestically and internationally.

    iii. Describe the interview setup (at the office, in Teams, etc.).

    The interview was conducted during a lunch meeting in Atlantic Station

    iv. Describe the person(s) you interviewed. What is the job role of the interviewee? What role in making decisions does the interviewee have in the company’s Fintech products/services?

    The person I interviewed is Ericka Sampey, a Senior Fraud Detection Analyst. Ericka’s role involves reviewing transactions that flag for potential fraud. Once flagged, a review is completed that includes reaching out to the business to uncover details. The goal is to determine if the transaction is a risk not only to the business but to Worldpay as well.

    b. Research and write what the Design Thinking framework says about the Empathize step.

    Empathize is the first step in the Design Thinking process. This step is used to develop an understanding of the problem you are trying to solve. Empathy allows businesses to focus more on the needs of your clients rather than internal assumptions. This step is crucial to business development and problem solving.

    c. Empathize 1 – views from the perspective of the business you interviewed. Write what you learned about their Fintech products/services, customers, and competitors.

    i. What are the company’s primary Fintech products/services, and how are they used in the business operations?

    The primary Fintech product Worldpay offers is merchant services, which allows business to accept payments for goods and/or services.

    ii. Who are the company’s customers and what is the role of Fintech products/services in their customer interactions?

    Worldpay’s customer base is mostly small businesses, but they have relationships with larger corporations as well. These were not provided in the interview for privacy reasons.

    iii. Who are the company’s competitors and what is the role of Fintech products/services among competitors?

    Some of Worldpay’s competitors would be Stripe, PayPal and Square. These companies also provide merchant services to clients and in many cases the competition is centered around pricing, fees, and fraud prevention.

    d. Empathize 2 – views from the perspective of the business you interviewed. Write what you learned about how Fintech products/services are used in their business. Discuss in terms of the business inputs, processes, outputs, growth projections, and performance improvements.

    i. Describe how Fintech products/services support the input, process, and output of the business.

    The FinTech product examined is merchant payment processing with built-in fraud monitoring. The inputs include customer payment information such as card details, transaction amounts, and basic transaction data submitted at checkout. These inputs move through automated processes that include transaction authorization, fraud checks, and risk review. The outputs are approved or declined transactions, settlement of funds to the merchant, and transaction reporting. This service supports business operations by allowing payments to be processed quickly while reducing fraud risk and limiting the need for manual review.

    ii. What are the company’s growth projections, and what role do Fintech products/services play in the anticipated growth projections?

    Growth for this payment and fraud-prevention service is driven by increased use of digital and online payments. As more transactions are processed electronically, FinTech tools allow the service to handle higher volumes while maintaining security and reliability. Scalable systems and automated fraud tools support continued use of the service as transaction activity increases.

    iii. What are the company’s plans to improve performance, and what role do Fintech products/services play in the planned performance improvements?

    Performance improvements for this service focus on improving speed, fraud detection and accuracy of approvals. FinTech tools such as real-time monitoring and data analysis help reduce false declines and improve the overall payment experience. These improvements support both merchants and customers by allowing legitimate transactions to process smoothly while blocking fraudulent activity.

    e.
    Empathize 3 – views from the perspective of the business you interviewed. Write what you learned about innovation in their sector, opportunities and challenges, and a Fintech vision.

    i. What are the Fintech innovations in their business sector, and what role do these innovations play in the company’s business processes?

    FinTech innovations related to this service include real-time payment processing and automated fraud monitoring. These innovations allow transactions to be reviewed and approved quickly while continuously monitoring suspicious activity. This reduces delays in payment processing and strengthens security for merchants and customers.

    ii.
    List the Fintech opportunities and challenges in their business sector and describe the anticipated impact of these opportunities and challenges on the company’s business processes.

    Opportunities for this service include continued growth in online payments and improvements in fraud prevention technology. Challenges include increasing fraud attempts and the need to keep systems updated as payment methods and regulations change. These challenges affect how efficiently and securely payments are processed.

    iii.
    Ask about their Fintech vision and write what you learned. Note: write their answer and your reflection on how their vision helped you further understand the client’s Fintech product/service needs.

    In the interview, Ericka explained that the vision for this payment and fraud prevention service is to provide secure and reliable transactions that are easy for businesses to use.

    This response helped me better understand that the service is designed to support everyday payment activity while protecting both merchants and customers from fraud. It reinforced that security and simplicity are key goals of the product.

    f. Research. Write a research question on the Fintech sector’s customer/competitor behavior, business processes, and innovations.

    i. Based on what you learn in this assignment, write a research question on the Fintech customer’s/ competitor’s behavior, business processes, or sector innovations.

    How does Worldpay’s payment and fraud-prevention technologies influence customer behavior and competition in the payment processing industry?

    ii. Write a 30-50-word annotated bibliography for three references that serve as the literature review for your research question.

    Worldpay. (2024). Fraud prevention solutions

    [https://www.worldpay.com/en/products/fraud-prevention](https://www.worldpay.com/en/products/fraud-prevention)

    This source explains how Worldpay uses machine learning tools and real time monitoring to reduce fraud and improve transaction approval rates. It supports understanding how FinTech innovations influence customer trust, payment reliability, and operational efficiency.

    Worldpay. (2024). Worldpay receives top ranking in e-commerce technology.

    [https://corporate.worldpay.com/news-releases/news-release-details/worldpay-receives-top-ranking-e-commerce-technology](https://corporate.worldpay.com/news-releases/news-release-details/worldpay-receives-top-ranking-e-commerce-technology)

    This press release highlights Worldpay’s leadership in e-commerce payment innovation. It provides insight into how FinTech investments strengthens competitive positioning and shapes customer expectations in the global payment processing industry.

    Fintech Magazine. (2025). Top 10: payment processors.

    [https://fintechmagazine.com/top10/top-10-payment-processors](https://fintechmagazine.com/top10/top-10-payment-processors)

    This article ranks the leading payment processors globally. It explains how industry consolidation and technology investments shape competitive dynamics. The article supports understanding how customer preferences and innovation influence business strategy and rivalry in the FinTech payments industry.

    g.
    Confirm your assignment is named “A2 first & last name” and submitted at the following three locations:

    i.
    Discussion Group: Share with the entire class in the discussion forum. This is where everyone can see the class work as a whole and gain value from the class. Navigate to the discussion group board and submit.

    ii. Group locker: Share with your group and engage in group discussions and brainstorming.

    iii. Assignment link: Submit your work for grading in the assignment link. Here, you must upload both the assignment and the screenshots. Submit one per group in the assignment link. Include a screenshot confirming that the group work is shared with your group and the entire class.

    h.
    Rubric: Review and confirm you have completed all rubric items below. Notice the penalty listed in the rubric.

    i. Template: “A2 Template” is provided for this assignment. You will find all templates in the “Class Resources” folder under the Table of Contents on the course website. Download the “A2 Template”, save it as “A2 first & last name”, keep all template information except the highlighted portions, and replace the highlighted portions with your answers. There is a 50% penalty (-50 points) for failure to adhere to the template.

    ii. Submission: confirm your submission in the three locations noted above: group discussion, group locker, and assignment link. There is a 50-point (-50 points) penalty for failure to follow this submission instruction.

    | | | |
    | — | — | — |
    | **Rubric for Assignment 2 (A2)** | **Possible**<br>**Points** | **Points Scored** |
    | The submission has captured the spirit of the Empathize step in the Design Thinking framework. | 10 | |
    | The submission has clearly identified the customers and the business processes (inputs, processes, and outputs) of the identified products and services. | 30 | |
    | The submission has defined the innovations and created a forward-looking Fintech vision. | 30 | |
    | The submission has articulated an academic research question, citations, and an annotated bibliography. | 30 | |
    | Total | 100 | |
    | The submission uses the template for this assignment. The template is in the “Class Resources” folder in D2L. [50% penalty for failing to follow this instruction.] | -50 | |
    | Upload and share your assignment to the entire class (in the group discussion), your class group (in the group locker), and for grading (in the assignment link). Share a screenshot of your submission to confirm. [50% penalty if screenshot confirmation is not uploaded in the D2L assignment link.] | -50 | |
    | Feedback: | | |

    **## _A3TemplateFIS.docx**

    Student Name: firstName lastName

    [A3 – Assignment 3]

    Create Personas and User Stories based on your interview. This is another application of the Empathize step in the Design Thinking framework. Here, you restate or depict the client needs you heard in the form of Personas and User Stories, articulating them in an easier-to-understand format for the business users/clients. The learning objective is to reflect your understanding of the client’s needs in vivid and structured personas and user stories. [Instructions: Use “A3 Template” for this assignment. The template is in the “Class Resources” folder of the class website. There is a 50% penalty for not using the template.]

    i.
    Research and write what the Design Thinking framework says about Personas and User Stories.

    a. Your Persona definitions must include a name, a role, and pain points. [Your answer here …]

    b. Your User Story definitions must include a persona name, the actions the Persona wishes to perform, and the Persona’s goal. [Your answer here …]

    ii. Interview recap. Refer to your client interview in A2 and recapitulate your A2 interview by providing the company name (who you interviewed), the primary company product/service (what they do), the company’s Fintech need (what business goal the company wishes to achieve with the Fintech product/service), and the decision-making role of the person you interviewed.

    a. Company name: [Your answer here …]

    b. Company product/service: [Your answer here …]

    c. Fintech need: [Your answer here …]

    d. Interviewee role: [Your answer here …]

    iii. Identify pain points for three Personas. Write the Persona’s name, role, and pain points in the User Stories. Pain points are the problems or issues that the Persona would like you to solve for them. A user story is a general explanation of a software feature written from the perspective of the end user. Write the user story from the user's perspective and follow the format: “As [a user persona], I want [to perform this action] so that [I can accomplish this goal].” The user’s actions are intended to solve the Persona’s pain points. The learning objective is to create an appropriate Persona to depict the client’s market, represent the client's pain points in the intended actions, and confirm that the client's pain point is removed when the goal is accomplished.

    a. Persona 1, User Story 1. As [a user persona], I want [to perform this action] so that [I can accomplish this goal]

    b. Persona 2, User Story 2. As [a user persona], I want [to perform this action] so that [I can accomplish this goal]

    c. Persona 3, User Story 3. As [a user persona], I want [to perform this action] so that [I can accomplish this goal]

    iv. Research. Write a research question on the Fintech sector’s customer/competitor behavior, business processes, and innovations.

    a. Based on what you learn in this assignment, write a one-paragraph research methodology on the Design Thinking framework approach of Personas and User Stories.

    [Your answer here …]

    b. Write a 30-50-word annotated bibliography for three references that serve as the literature review for your research methods.

    [Your answer here …]

    v. Confirm your assignment is named “A3 first & last name” and submitted at the following three locations:

    a. Discussion Group: Share with the entire class in the discussion forum. This is where everyone can see the class work as a whole and gain value from the class. Navigate to the discussion group board and submit.

    b. Group locker: Share with your group and engage in group discussions and brainstorming.

    c. Assignment link: Submit your work for grading in the assignment link. Here, you must upload both the assignment and the screenshots. Submit one per group in the assignment link. Include a screenshot confirming that the group work is shared with your group and the entire class.

    vi. Rubric: Review and confirm you have completed all rubric items below. Notice the penalty listed in the rubric.

    a. Template: “A3 Template” is provided for this assignment. You will find all templates in the “Class Resources” folder under the Table of Contents on the course website. Download the “A3 Template”, save it as “A3 first & last name”, keep all template information except the highlighted portions, and replace the highlighted portions with your answers. There is a 50% penalty (-50 points) for failure to follow the template.

    b. Submission: Confirm your submission in the three locations mentioned above: group discussion, group locker, and assignment link. There is a 50% penalty (-50 points) for failure to follow these submission instructions.

    | | | |
    | — | — | — |
    | **Rubric for Assignment 3 (A3)** | **Possible**<br>**Points** | **Points Scored** |
    | The submission highlights the client’s pain points articulated in the form of Personas and User Stories. | 10 | |
    | The pain points are derived from the interviews, and they reflect the business’s Fintech needs. The Personas and User Stories capture the Design Thinking framework's goal of the Voice of the Customer. | 30 | |
    | The submission has captured the client’s need in a pain point, identified a solution action to address the pain point, and the goal confirms that the pain point will be removed. | 30 | |
    | The submission has articulated an academic research method, citations, and an annotated bibliography. | 30 | |
    | Total | 100 | |
    | The submission uses the template for this assignment. The template is in the “Class Resources” folder in D2L. [50% penalty for failing to adhere to the template.] | -50 | |
    | Upload and share your assignment to the entire class (in the group discussion), your class group (in the group locker), and for grading (in the assignment link). Share a screenshot of your submission to confirm. [50% penalty if screenshot confirmation is not uploaded in the D2L assignment link.] | -50 | |
    | Feedback: | | |

    **## EXPA2completed.docx**

    Student Name:

    [A2 – Assignment 2]

    Develop Fintech needs for a business. This is the Empathize step of the Design Thinking framework. Here, you put yourself in the client’s shoes and learn about their needs. Identify a business from your network or visit a local business in your neighborhood. Introduce yourself as a student researcher learning about Fintech payments. Describe what you are learning about Fintech and inquire about their willingness to help with your school project, if they are using Fintech products/services, why (why not), their business input, operation, and output, their customers, growth plans, and challenges. Your learning objective is to assess the Fintech needs of a business. [Instructions: Use “A2 Template” for this assignment. The template is in the “Class Resources” folder in D2L. There is a 50% penalty for not using the template.]

    a. Describe the business you selected and interviewed.

    i. Business name

    Worldpay

    ii. Describe the primary products/services of the business

    Worldpay provides payment services that enables them to accept payments domestically and internationally.

    iii. Describe the interview setup (at the office, in Teams, etc.).

    The interview was conducted during a lunch meeting in Atlantic Station

    iv. Describe the person(s) you interviewed. What is the job role of the interviewee? What role in making decisions does the interviewee have in the company’s Fintech products/services?

    The person I interviewed is Ericka Sampey, a Senior Fraud Detection Analyst. Ericka’s role involves reviewing transactions that flag for potential fraud. Once flagged, a review is completed that includes reaching out to the business to uncover details. The goal is to determine if the transaction is a risk not only to the business but to Worldpay as well.

    b. Research and write what the Design Thinking framework says about the Empathize step.

    Empathize is the first step in the Design Thinking process. This step is used to develop an understanding of the problem you are trying to solve. Empathy allows businesses to focus more on the needs of your clients rather than internal assumptions. This step is crucial to business development and problem solving.

    c. Empathize 1 – views from the perspective of the business you interviewed. Write what you learned about their Fintech products/services, customers, and competitors.

    i. What are the company’s primary Fintech products/services, and how are they used in the business operations?

    The primary Fintech product Worldpay offers is merchant services, which allows business to accept payments for goods and/or services.

    ii. Who are the company’s customers and what is the role of Fintech products/services in their customer interactions?

    Worldpay’s customer base is mostly small businesses, but they have relationships with larger corporations as well. These were not provided in the interview for privacy reasons.

    iii. Who are the company’s competitors and what is the role of Fintech products/services among competitors?

    Some of Worldpay’s competitors would be Stripe, PayPal and Square. These companies also provide merchant services to clients and in many cases the competition is centered around pricing, fees, and fraud prevention.

    d. Empathize 2 – views from the perspective of the business you interviewed. Write what you learned about how Fintech products/services are used in their business. Discuss in terms of the business inputs, processes, outputs, growth projections, and performance improvements.

    i. Describe how Fintech products/services support the input, process, and output of the business.

    The FinTech product examined is merchant payment processing with built-in fraud monitoring. The inputs include customer payment information such as card details, transaction amounts, and basic transaction data submitted at checkout. These inputs move through automated processes that include transaction authorization, fraud checks, and risk review. The outputs are approved or declined transactions, settlement of funds to the merchant, and transaction reporting. This service supports business operations by allowing payments to be processed quickly while reducing fraud risk and limiting the need for manual review.

    ii. What are the company’s growth projections, and what role do Fintech products/services play in the anticipated growth projections?

    Growth for this payment and fraud-prevention service is driven by increased use of digital and online payments. As more transactions are processed electronically, FinTech tools allow the service to handle higher volumes while maintaining security and reliability. Scalable systems and automated fraud tools support continued use of the service as transaction activity increases.

    iii. What are the company’s plans to improve performance, and what role do Fintech products/services play in the planned performance improvements?

    Performance improvements for this service focus on improving speed, fraud detection and accuracy of approvals. FinTech tools such as real-time monitoring and data analysis help reduce false declines and improve the overall payment experience. These improvements support both merchants and customers by allowing legitimate transactions to process smoothly while blocking fraudulent activity.

    e.
    Empathize 3 – views from the perspective of the business you interviewed. Write what you learned about innovation in their sector, opportunities and challenges, and a Fintech vision.

    i. What are the Fintech innovations in their business sector, and what role do these innovations play in the company’s business processes?

    FinTech innovations related to this service include real-time payment processing and automated fraud monitoring. These innovations allow transactions to be reviewed and approved quickly while continuously monitoring suspicious activity. This reduces delays in payment processing and strengthens security for merchants and customers.

    ii.
    List the Fintech opportunities and challenges in their business sector and describe the anticipated impact of these opportunities and challenges on the company’s business processes.

    Opportunities for this service include continued growth in online payments and improvements in fraud prevention technology. Challenges include increasing fraud attempts and the need to keep systems updated as payment methods and regulations change. These challenges affect how efficiently and securely payments are processed.

    iii.
    Ask about their Fintech vision and write what you learned. Note: write their answer and your reflection on how their vision helped you further understand the client’s Fintech product/service needs.

    In the interview, Ericka explained that the vision for this payment and fraud prevention service is to provide secure and reliable transactions that are easy for businesses to use.

    This response helped me better understand that the service is designed to support everyday payment activity while protecting both merchants and customers from fraud. It reinforced that security and simplicity are key goals of the product.

    f. Research. Write a research question on the Fintech sector’s customer/competitor behavior, business processes, and innovations.

    i. Based on what you learn in this assignment, write a research question on the Fintech customer’s/ competitor’s behavior, business processes, or sector innovations.

    How does Worldpay’s payment and fraud-prevention technologies influence customer behavior and competition in the payment processing industry?

    ii. Write a 30-50-word annotated bibliography for three references that serve as the literature review for your research question.

    Worldpay. (2024). Fraud prevention solutions

    [https://www.worldpay.com/en/products/fraud-prevention](https://www.worldpay.com/en/products/fraud-prevention)

    This source explains how Worldpay uses machine learning tools and real time monitoring to reduce fraud and improve transaction approval rates. It supports understanding how FinTech innovations influence customer trust, payment reliability, and operational efficiency.

    Worldpay. (2024). Worldpay receives top ranking in e-commerce technology.

    [https://corporate.worldpay.com/news-releases/news-release-details/worldpay-receives-top-ranking-e-commerce-technology](https://corporate.worldpay.com/news-releases/news-release-details/worldpay-receives-top-ranking-e-commerce-technology)

    This press release highlights Worldpay’s leadership in e-commerce payment innovation. It provides insight into how FinTech investments strengthens competitive positioning and shapes customer expectations in the global payment processing industry.

    Fintech Magazine. (2025). Top 10: payment processors.

    [https://fintechmagazine.com/top10/top-10-payment-processors](https://fintechmagazine.com/top10/top-10-payment-processors)

    This article ranks the leading payment processors globally. It explains how industry consolidation and technology investments shape competitive dynamics. The article supports understanding how customer preferences and innovation influence business strategy and rivalry in the FinTech payments industry.

    g.
    Confirm your assignment is named “A2 first & last name” and submitted at the following three locations:

    i.
    Discussion Group: Share with the entire class in the discussion forum. This is where everyone can see the class work as a whole and gain value from the class. Navigate to the discussion group board and submit.

    ii. Group locker: Share with your group and engage in group discussions and brainstorming.

    iii. Assignment link: Submit your work for grading in the assignment link. Here, you must upload both the assignment and the screenshots. Submit one per group in the assignment link. Include a screenshot confirming that the group work is shared with your group and the entire class.

    h.
    Rubric: Review and confirm you have completed all rubric items below. Notice the penalty listed in the rubric.

    i. Template: “A2 Template” is provided for this assignment. You will find all templates in the “Class Resources” folder under the Table of Contents on the course website. Download the “A2 Template”, save it as “A2 first & last name”, keep all template information except the highlighted portions, and replace the highlighted portions with your answers. There is a 50% penalty (-50 points) for failure to adhere to the template.

    ii. Submission: confirm your submission in the three locations noted above: group discussion, group locker, and assignment link. There is a 50-point (-50 points) penalty for failure to follow this submission instruction.

    | | | |
    | — | — | — |
    | **Rubric for Assignment 2 (A2)** | **Possible**<br>**Points** | **Points Scored** |
    | The submission has captured the spirit of the Empathize step in the Design Thinking framework. | 10 | |
    | The submission has clearly identified the customers and the business processes (inputs, processes, and outputs) of the identified products and services. | 30 | |
    | The submission has defined the innovations and created a forward-looking Fintech vision. | 30 | |
    | The submission has articulated an academic research question, citations, and an annotated bibliography. | 30 | |
    | Total | 100 | |
    | The submission uses the template for this assignment. The template is in the “Class Resources” folder in D2L. [50% penalty for failing to follow this instruction.] | -50 | |
    | Upload and share your assignment to the entire class (in the group discussion), your class group (in the group locker), and for grading (in the assignment link). Share a screenshot of your submission to confirm. [50% penalty if screenshot confirmation is not uploaded in the D2L assignment link.] | -50 | |
    | Feedback: | | |

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