Reflection paper Essay Example | Topics and Well Written Essays - 250 words - 9

Reflection paper - Essay Example The truth is that by the end of the buildout phase most of the opportunities to get ahead of competitors are all but gone. One of the benefits of IT is that is can be easily transferred. Not surprisingly the cost of IT has also decreased greatly over the years in conjunction with its increased usage. Outsourcing is an important issue in our economy because there are pros and cons to be argued for its relevance. I can see why so many firms turn to outsourcing, and that is to reduce costs. This is naturally the number one goal of any organization, making the option to outsource work all the more appealing. On the downside, when outsourcing occurs overseas it can evoke strong reactions in home country customers. I think that outsourcing can be a high risk activity, and it is for this reason that it must be done very carefully. In a globalized world IT governance takes on increased importance, as it is often vital to the organizational success of a firm. Managers must understand IT governance because if done correctly it can reduce costs and risks but also help the company to gain a competitive business

Practicum Essay Example | Topics and Well Written Essays - 2000 words

Practicum - Essay Example Therefore, governments take great steps to enhance the GDP of their country. Money flowing into different industries of a country eventually translates into an increased GDP and higher economic results. One of the industries of a country that needs to flourish is the Tourism Industry. The reason is that this industry attracts the money of foreign investors or residents, and it flows in the financial system of the country that is providing tourism opportunities. This rule is not an exception in the case of Australia. Australia’s tourism activities range from accommodations and car hires to cruise operation and theme parks and major attraction operations. In the year 2005-2006, private businesses spent $840 million on the marketing of tourism related activities; this was a 9.9% increase over year 2003-2004 marketing expenditure. Among this, most of the expenses were accounted to marketing targeted at the domestic travelers (74%), compared to international travelers which accumulated up to 26%1. In the year ended 2009, the industry experienced an Internal Consumption of $92,003 Million, comprising primarily of International consumption of $23,546 Million and a domestic consumpt ion of $68,456 Million. The figures also show that more focus is given to domestic travelers relative to international holiday makers. The total direct tourism inflow to the GDP in the system came out to be $32,828 Million in 20092. The tourism contributed a total of 2.6% of the GDP in the year ended 2009; which was a decrease of 0.2% compared to the previous year. The reason behind this was that the Australian economy boosted up, and more people travelled overseas rather than internally, which created a plunge in the value of Tourism industry. Australian economy basically measures the effect of tourism activities by the demand that is created by the travelers and the tourism products and services by the domestic producers. The biggest