Personal Income Tax and Revenue Forecasting Research Paper

Personal Income Tax and Revenue Forecasting - Research Paper Example diminishing amount of revenue in the past three years in the month of December to January and April to May as the fiscal year comes to an end with an average rate of 15% and the revenue collection amount is registered high in the month of December every fiscal year. From the table of distribution of revenue collection in each year, the observation reveals that the revenue collection has been growing each year from the past financial year. Thus, given that the revenue collection amount in the month of May has the pattern of decreasing by 15% from the collection of April, then the revenue amount that is likely to be collected on May of 2001 is expected to be 586,743 - (586,743*15%) = 586,743 – 88,011.45 = 498,731.55 makka. If the amount of revenue that is likely to be collected in May is 498,731.55 makka, the revenue collection for the fiscal year June 2000-May 2001 will amount to 940,975.1 + 967,098.4 + 841,267.5 + 874,308.1 + 887,091.4 + 936,090.7 + 1,304,961.7 + 714,981 + 575,115 + 583,592 + 586,743 + 498,731.55 = 5,200,214.95 makka. Thus, the ministry target of revenue collection of 778,900 makka, given the past revenue pattern, will fail to be realized and will be required to be reviewed to a target of 5,200,214.95 makka. The factor that may affect the pattern of the revenue collection in Vadar Republic can be an economic scenario in the overall state and in the region which includes the economic trend (Baumol and Blinder 389). During the different months within the budget cycle, different economic events might be happening in some months that boost the income level of the citizen and returns of businesses in that particular period. For instance, during the month of December the country registers the highest level of revenue collection. This could be contributed to the festive season that accompanies the month of December, which means a lot of people engage in activities that increase the revenue that businesses make. A high revenue on the part of the

HR Plan of Action for QV Solar LLC Essay Example for Free

HR Plan of Action for QV Solar LLC Essay QV Solar LLC has experienced rapid growth that has seen an increase it its staff from 15 to 54 last year in spite of the global economic recession. In order to maintain the position and develop the company as a â€Å"green† company, the Company’s HR proposes a series of strategies that will encourage change and an increase in productivity. The policies will mainly focus primarily on improving the efficiency of the Company’s current workforce since hiring of new employees will not be an immediate viable scheme. The plan will target making the staff understand the company’s mission better by reevaluating their roles and understanding what is specifically expected of them for enhanced success of the company. In order to realize effective change among staff, the HR will target capacity building and teamwork as key concepts of management and ensure that adequate resources are provided to facilitate creation of an environment that favors much success. The HR will design a structure that facilitates constructive feedback from all departments in order to facilitate a systematic flow of information at various organization levels. The smooth flow of information will ultimately lead to the development of better opportunities for a more rapid growth of the company. QV Solar LLC’s HR Plan of Action will be based on Joel Ross and Michael Kami’s opinion that â€Å"managers should avoid organizational rigor mortis†¦ that change is inevitable, and the organization as well as its people must accommodate the change (McConnell 315). The plan of action will also embrace the fact that the only thing that lasts in organizations is change. That change is with organizations and keeps accelerating them. This change will not be produced by internal action only but will also be a factor of external actions- such as consideration of the value of customers to the company (McConnell 315). The HR will focus on changes in product innovation by ensuring that solar panels are tailored as per customer specifications. In order to achieve this, QV Solar LLC should focus on feedback from staff when they install solar panels for customers. Along this line, staff should be trained to facilitate better installation and human relation with customers. The training program will entail integration of staff and customer ideas to ensure that the solar panels are of the highest quality and thus promote QV Solar LLC as a â€Å"greener† company. The training program will be followed by a follow-up evaluation to monitor its effectiveness with a view that customers’ ideas are vital for the Company’s success. The Company’s objective to maintain a clean environment will be facilitated by incorporating customers in a program where they can return their panels to the company for recycling as a means of exercising corporate responsibility. This will also emphasize the fact that change is realized not only from within an organization but also from customers and the prevailing environment. In order to capture a larger share of the market, the HR will review staff performance from time to time and ensure that their skills are constantly ameliorated. This will be will be achieved by ensuring that the employees can work in various departments in different capacities in order to develop a multiplicity of skills that will enhance the company’s productivity without necessarily having to hire more staff. In summary, QV Solar LLC’s Plan of Action will entail strategies that aim at improving productivity by improving the efficiency of employees while recognizing the customer as the most important part of the organization.

Using the Internet in Vocational Education :: Technology Telecommunications Essays

Using the Internet in Vocational Education "It is an exciting time in education. The Internet offers new opportunities for students and teachers a link to learn in interesting ways" (Ellsworth 1994, p. xxiii). "Telecommunications truly is one of the most exciting educational tools I have encountered in my teaching career" (Watson 1994, p. 41). "The Internet's usefulness is limited only by our level of commitment. We first have to get plugged in before we can get turned on. Then we can help our profession by using our imagination to create a vocational educator's Dream Net in the years to come" (Seguin and Seguin 1995, p. 33). The Internet is a vast computer-based network of networks that includes listservs and newsgroups-discussion forums on specific topics-as well as electronic mail and electronic journals. It is used in education, business, and leisure, and students must be able to navigate it to become prepared citizens. This ERIC Digest does not pretend to be an exhaustive list of vocational education resources on the Internet-the list changes daily. It offers suggestions for using the Internet in the vocational classroom and lists newsgroups, World Wide Web (WWW) sites, listservs, and electronic journals of interest to vocational educators. It also serves as a supplement to an ERIC Key, Locating ERIC Clearinghouse on Adult, Career, and Vocational Education Materials on the Internet. Much of the material for this Digest was received as a result of a message sent to the VOCNET listserv asking how vocational educators were using the Internet in their classrooms. Responses varied widely. Many of the respondents indicated that they were just getting started with the Internet and using it primarily for sending messages. Some students have joined listservs and newsgroups; others have surfed the 'Net for information and materials from all over the world. Examples of Current Use The director and associate professor of vocational-technical education at Dakota State University uses the Internet primarily for e-mail. He requires students to send queries to AskERIC; in his "Technology in Voc Ed" course, graduate students have to use the WWW and sign up for a listserv. He is considering offering a course for vocational education personnel entirely through the Internet (A. Seguin, Internet message, June 20, 1995). Cognitive Training Associates, Inc. develops and uses networks for large corporations. They use the Internet to distribute technology-based training applications-mostly core skill acquisition and reinforcement, knowledge transfer and sharing, and use of job-specific smart applications that perform lower-level tasks and provide on-demand expertise (M.

Focus Bpr from Dell Inc.

Focus BPR from Dell Inc. In recent centuries, market conditions are changing all the time. Tens of thousands of enterprises are faced with severe challenges due to the increasingly fierce competition. The competition makes customers have more choices for commodities as well as higher requests to services. What should companies do for the sake of gaining a foothold and developing their own advantages? Most of them had already found the answer – business process reengineering. Business process reengineering, which also called BPR, is â€Å"the analysis and redesign of workflow within and between enterprises† (Baltzan and Phillips 30).Companies will think over the existing process, redesign the process and then establish new process structures according to customers demand by using advanced manufacturing technology, information technology and modern management means, so as to realize great improvements. One of the BPR cases occurs at Dell Incorporated, one of the largest P C vendors in the world. Unlike the rival Compaq Computer Corporation, which uses a vast network of resellers, Dell sells all its systems directly to its customers (Zuckerman 18).It recently redesigned its computers so that each computer consisting many of the same component parts. The company is able to minimize the inventories it hold in order to reduce the inventory cost. Stocking a few parts instead of large work makes Dell be able to respond quickly to the market condition, for example, emergence of new technology, change of customer demand and overall prices standard. Dell even wants to go further. The company had experienced a new factory in Austin, where the new plant would have nowhere to storage. We believe that if you don’t have any place for inventory, then you won’t have any inventory. † Mr. Dell said (Zuckerman 22). Dell will not begin to produce a machine until it has received an order from customer. They do not have to bother to ponder what clients really need, because customers will tell them directly. When a customer places an order, the custom parts requested by the customer are automatically sent to the manufacturer for shipment (Business Process Reengineering). It can reduce the maintenance cost for inventory.However, BPR could be a double-edged sword. If Dell only builds a machine when customers tell them to, it will take some time. While other computer manufacturers might have already sold several finished products during Dell’s producing period. It needs to weigh between the time value and the inventory cost. The success that Dell achieves owes to the understanding of business process reengineering. Corporations should monitor the existing system and break the traditional organization structure to reengineer so as to make great improvements in cost, quality and service.Works Cited Baltzan, Paige and Amy Phillips. Business Driven Technology. Ed. Carrie Braun. 4th. Springfield: Missouri State University, 2010. Bu siness Process Reengineering. 2008. . Zuckerman, Laurence. Do Computers Lift Productivity? It's Unclear, But Business Is Sold. 2 January 1997. 2 January 1997 ;http://www. nytimes. com/1997/01/02/business/do-computers-lift-productivity-it-s-unclear-but-business-is-sold. html? pagewanted=all;src=pm;.

Core Elements in Business Process Managment

Learner Log Book LLB Learner Log Book LLB |I. INSTRUCTIONS | The purpose of the Learner's Log Book (LLB) is to document the achievements of the learner in a central repository that will be considered as evidence on the effectiveness of the learning process. It is a ‘monitoring tool' that e-tutors use to report on individual learners' progress and it is a way of ensuring that learners: Are engaged in their learning process. They are experimenting by doing the tasks subscribed to them by the e-tutor.Avoid plagiarism because learners have to be engaged on a continuous basis and the informal assessment can therefore be used to ensure consistency with the main formal assessment. Provide e-Tutors with the opportunity to get to know the learners evaluate them and mentor them properly. There are templates which will reflect whether learners read, whether they understand, whether they assimilate the knowledge, whether they develop enquiry ability, whether they have the potential to con duct critical thinking and whether they can reflect on the knowledge accumulated by relating to real situations.The onus is mainly on learners to furnish the required information in the templates after each unit based on the Read and Analyze Activity. After filling the information in the template they need to e-mail it back to the e-Tutor. e-Tutor will then comments on the work done and the involvement that takes place and give overall impressions on the learners at the end of the module. |II. GENERAL INFORMATION | Learner Name: ID Number: Course Title: Business Process ManagementArticle Title: Rosemann and Brocke Date of Submission: 19 Oct 2011, 2pm Date of Received Feedback: ———————————————— |III. SUMMARY (100-200 words) | Provide a summary in your own words on the article you requested to read and analyze in the following space. The article introduces a brief overview o f the six core elements in business process management. Also, it states the reasons behind working hard to identify these core elements.A BPM framework that outlines the different elements of BPM is an essential guide for many purposes such as project and program management, vendor management, complexity management, standards management and strategy management. There is a need to identify the BPM framework because it can guide decision makers in all previously mentioned challenges. The BPM maturity models were used for the framework identification. However, Rosemann and de Bruin's BPM maturity model was selected as the base for identifying the core elements because of some reasons.One of these reasons is that the model was applied in a number of organizations where it proved to be of practical relevance in real life projects. Finally, the six core elements and their subcomponents were identified. The critical BPM elements are strategic alignment, governance, methods, information tec hnology, people and culture. BPM must be linked to the organizational strategy. It should establish clear responsibilities and guide decision making processes. BPM adapts a set of methods and IT solutions that supports activities along the process lifecycle like modeling, implementation, monitoring and improvement.People and culture as core elements include individuals as well as groups and their values and beliefs in regards to process-centered organization. |IV. CRITICAL ANALYSIS | This is the most important section in your analysis. To complete it successfully, the learner is to consider the following guiding steps: ? Present arguments coherently, supported by evidence and facts to substantiate on why you may take a particular stance and/ or position towards a particular approach whether against or in support of it; ?Where applicable, attempt to bridge the gap between the theory and conceptual work and the application under consideration. I believe that the identified BPM core el ements are an essential tool for the organization success. BPM elements established a clear guide for decision makers seeking organizational excellence. I strongly agree that the performance of individuals and groups and the business processes must be linked to the organizational strategic goals. Process measures are necessary for continuous identifying, measuring and developing of the actual business processes performance.Process measures may clarify the organizational goals and facilitate changes towards better customer satisfaction. Furthermore, I believe that having a clear definition of roles and responsibilities is an essential success factor. This definition clearly states the critical tasks, what is expected from employees and groups, how to meet the expectations and how to improve the business. Therefore, it provides a linkage of process performance with strategic goals. I agree that methods and IT solutions must be part of the core elements.They provide essential tools and techniques that facilitate redesigning of the business processes in order to achieve performance improvement. Finally, culture has a strong impact on the business and its performance because cultural beliefs and values set the negotiation and communication style. People attitudes and behaviors may improve business processes and may delay the improvement. It depends on their willingness to adapt new changes. |V. PRACTICAL APPLICATIONS |How could you apply the subject matter from the article in a real business case? The core elements must be applied in all business cases to enable improvement in the operative efficiency. This can be done by strongly linking the organizational goals with business performance. All job descriptions and duties must be defined in accordance to the organizational mission and goals. Ensure that governance is applied by providing each employee with a clear and specific definition of the activities, tasks and processes.Employees will be aware of what's expec ted from them and how to meet the expectation by applying governance element. Apply methods and IT techniques to facilitate process modeling and analysis instead of using traditional methods. For example, oil and gas industries use HYSYS program to model the processing plant and simulate any future changes to study the change impact on the industry before implementing it in reality. This how IT implementation facilitates business processes. People whether individuals or groups play a vital role in organizational success.On-going training that aligns with the strategic goals must be provided to employees to enhance their skills and knowledge. Individuals must be encouraged to take responsibilities and be accountable for major tasks. This can be done by delegation of a major task of the leader to the employee where the employee will be responsible for delivering the desired outcomes. After delivering a major task in the desired results, the employee will gain confidence and willingnes s to lead in future jobs.People within one organization must adapt similar values and beliefs and must be linked to each other. Organizing communities and networks at work will help creating a culture. For example, having an organizational day out will facilitate communication among various people in the organization. |VI. LEARNING REFLECTIONS | What have you learnt? Identify the key learning points and the lessons learnt. Critical thinking is about the lessons learnt to be drawn from the analysis. BPM framework can serve many vital purposes such as project management, vendor management, complexity management, standards management and strategy management ? BPM framework comprehensively structures BPM as an organizational capability and not only as the execution of tasks in the process lifecycle ? BPM consists of six core elements that represent its success factors ? BPM core elements are strategic alignment, governance, methods, IT, people and culture ? BPM must be linked to the or ganizational strategies and goals where all processes are designed in accordance to strategic priorities ?Governance defines clear responsibilities and focuses on the design of decision-making processes ? Methods and IT tools must be applied to facilitate process modeling, execution, monitoring, control, improvement and project management ? Human capital of the organization is an important factor for improving business processes |IX. e-TUTOR COMMENTS AND FEEDBACK | |Mark: | [pic][pic]