Transformation of a Korean Bank Essay Example for Free

Transformation of a Korean Bank Essay Question 4 The IT related decisions taken by the Kwangju Bank include the downsizing of the information systems and the reengineering of banking processes, headed by the then chairman of the board for the bank. These were impacted by the competition in the global market in that having employed the former information system, the bank was too was weak compete against the foreign banks in the US, Japan and Europe. The bank could not establish its individual business strategies to stand prominently in the global market for the reason that the information system employed. Hence, all these factors led to the important decisions in the area of information technology (Rainer Watson, 2012). Question 5 Risks The OLTP system is the most significant and critical system of a bank due to its direct linkage to the financial interests of the customers. Any trivial issues in the system may critically impinge on the credibility of the bank. For this reason, downsizing the OLTP system of a bank is a pioneering, yet exceedingly risky venture for any bank (Young, 2011). Opportunities * Catch the attention of customers by assisting them in managing their financial interests rather expediently; * Capable of providing banking services whenever and wherever the customers wish for; * Support electronic â€Å"wallets†, automatic teller machines, self-service terminals, home banking, and commercial banking; * Adequately flexible for helping the development of novel products and the making of more effectual banking decisions Question 6 The new system facilitates the customers in getting better service as in quality and timeliness. For instance, the transaction processing speed has been enhanced considerably from four to six seconds to 0.7-2.0 seconds for every transaction. The bank is now capable of serving customers 7 days a week and 24 hours a day, rather than the typical eight hours. Also, customers have a greater number of financial services to select from since development cycles of new product have been considerably trimmed down from months to weeks (Young, 2011). Additionally, having employed the new system, the bank was capable of reducing the operating costs with optimized performance and pursuing novel strategies of business, more effectively. The new open information system imparts enhanced freedom from the domination of vendors and flexibility, and permits more convenient espousal of new technology. Question 7 The programs had been developed in a bit by bit manner without a general outline. As a consequence, it was very costly and difficult to modify or maintain the programs. Moreover, it was very difficult to efficiently develop novel programs responding to the swiftly modifying market environment. Question 8 The vendors supplying the systems based on mainframes attempted to hinder the project for the order of protecting their potential as well as current markets. The superior personnel at the computer center of the Kwangju Bank were mocking regarding the project since they were uncomfortable with the novel technology. Moreover, academicians who were paid for evaluating the project inferred that undertaking involved a great risk because the technology was not adequately mature. Question 9 Yes, the banking process reengineering had to accompany with the development of the new information system. This is because the banking operations were obstructed by its computer vendors and computer systems. The bank was unable to establish its distinctive business approaches since the existing information systems were incapable of supporting them. Conversely, the expenses on information systems were escalating at a greater rate compared to the rate of escalation of the bank’s returns (Rainer Watson, 2012). References ICFAI Center for Management Research. Learning with cases. Retrieved from http://www.icmr.icfai.org/casestudies/learn_case.htm on Jan, 26th, 2012. Rainer, K. Watson, H. (2012). Management information systems moving business forward. John Wiley Sons, Inc. Young Moo Kang. (2011). International Case Study 3: From a dinosaur to a chameleon – Transformation of a Korean Bank. Dong-A University, Korea. Retrieved from http://www.wiley.com/college/turban/0471400750/international/dino.html on Jan, 26th, 2013.

History of Paintball :: essays research papers

>>>>>>>>>>>>Some Parts are made up Paintball is quite a new sport and is becoming more and more popular. It has been around since 1982, but professional paintball teams have just recently come together in 2002. The rules of paintball are not very complicated and are very concise. The game is very entertaining to play. There are also plenty of different types of products used to play the game. It is the one of the only sports that I am interested in and I hope that someday it could become a more popular sport.   Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  The first known paintball gun or â€Å"marker† was made by John Barker in 1982. At the time he had a job designing air guns for Daisy Inc. The gun that he made was a single shot pump gun; he called it the â€Å"splatmatic†. Daisy did not want to market his gun so he started a small company with some of his friends and called it Splat Markers. The company was soon a success and in 1986 he changed the name to JT Products. Now JT Products is one of the largest paintball companies in the world, producing practically everything needed and used in the game of paintball. They have also made the NPA (National Paintball Association). This was created in 2002 and has many different teams that are sponsored by a variety of companies. Paintball has come a long way since the creation of the splatmatic and is now a very popular and sport.   Ã‚  Ã‚  Ã‚  Ã‚  Paintball is not just a group of people shooting each other with paintball markers; the sport involves a few simple rules. These rules are from the NPA and are the most commonly used. All paintballs that break on the body count as an elimination and that player is out. Any player within ten feet has the option of surrender and has 3 seconds to do so, any movement from that player and his â€Å"chance† is over. All markers must be chronographed at fewer than 300 fps. A hit from a teammate does not count as an elimination. The paintball must pop on a player to count as an elimination. Any player hit with a ball must call out â€Å"HIT† and raise his or her gun in the air and walk off of the playing field. All players must stay in the designated boundaries or they will be counted as out. Barrel plugs must be used at all times when not on the playing field.

Is Good spech

This can be seen in many areas, from the struggle for women's rights, to the oppressive e racism that caused the great Civil Right's Movement. Throughout these hard times, there have always been those who have stood up and fought for what they believed in.One of these great people woo old have to be Doctor Martin Luther King Jar. Despite the crippling racism, and the horrible treatment he faced as an African American, King stood tall and strong, leading the African Americans in the fight t gag insist racism. Time and time again he stood before crowds, protesting against the injustice they f aced. Before one of these large crowds, he gave one of the most memorable speeches in American whist ROR; his â€Å"I Have a Dream† speech. In his speech, he stressed how, despite all the hatred and injustice of the time, he still had a dream.His dream, across the nation, all would put aside the past and become united. His dream across the nation, men and women would not be judged by the co lor of their skin, b UT by the content of their character. His dream, despite the disdain and judgment of the time, in the futz ere across the nation everybody would be able to join hands and become brother and sister, united . His speech became an outstanding inspiration, and motivated the people to see each other as equal s, thus ending the Civil Rights Movement. King stood against injustice, and for the belief all are equals.However, in toad Yes society this still does not ring true. Does living on the street, living paycheck to paycheck, or begging for food and change seem equal to living in mansions, swimming in grand pools, and feasts Eng every day? Injustice Cushman 2 in today's society being no longer found in violence and insults, but found in if nuances. Entertainers earn far more than public servants, creating a huge inequality gap. Those who sacrifice so much, and devote themselves to doing the right thing, they struggle more than those who o focus inwards, and devote th emselves, to themselves.Statistically speaking, 23% of the homeless population is made up Of veterans, this being between 1 30,000 and 200,000 veterans without a home o n any given night. These men and women devoted their lives to America, to protecting every single India viaduct's freedom in this nation. What greater sacrifice can there be? Additionally, a recent example of annual military pay came in at $38,734. Compare this to a football athlete in the NFG who makes $1. 9 m lion annually. America is paying a man with a football jersey and helmet more than a man in a comb t helmet and uniform.America has promoted paying a man more to catch a ball, then a man who is putting his life on the line for his country. How immoral does this seem? Furthermore, the base of all if notion in society has to be education. Who gives education? Teachers do. Elementary teachers, who have given the foundation of success, earn an annual average of $56,130 nationally. Actors of the likes of R Bert Dow ney Jar. And Changing Datum however, make a net worth of 550 million. A pretty boy actor on a screen will make hat much more money than a teacher with a white board.Where would the j justice be in this? Men and women dedicated to the betterment of this nation are making very Ii title money, especially compared to those who simply dedicate themselves to a franchise or producer. Public servants such as teachers, law enforcement officers, and military personnel e ran substantially less income than entertainers. Thus, this becomes my dream. My dream features America proportioning, giving more money to those who sacrifice the most, because they truly have e earned it.My dream, those ho are putting their lives down on the frontline for their brothers and sister s will earn the same as those putting their names onto a movie contract. My dream, teachers, giving t he most valuable tool to our community, education, will earn the same as a man running into an end z one with a ball in his hands . My dream, public servants who serve as the basic function for this who ole nation, will earn the Cushman 3 same income as those who solely entertain this nation.

The Effects Of Alcohol Consumption On Gender And Mate...

Beauty is in the eye of the beholder. But does perception of beauty change when and individual consumes alcohol? This age old question has been studies over the past decades to understand the consequences of alcohol consumption, gender and mate selection. In their research, Abbeele et al. aimed to explore the relationship of alcohol consumption and rating of attractiveness. The participants consisted of heterosexual social alcohol consumers that conducted an attractiveness-rating task. It was discovered that individuals that consumed low doses of alcohol were perceived as more attractive than sober individuals. It was also suggested that increased skin redness and decreased skin lightness was correlated with greater attractiveness in low†¦show more content†¦This study consisted of eighty undergraduate students who volunteered to be a part of the study. It was discovered that significant alcohol consumption resulted in increased ratings of attractiveness of opposite-sex faces. Chen et al. aimed to study the beer goggle effect, that attractiveness level of individual’s increases as consumption of alcohol increases. Chen et al. discovery consisted with Jones et al. and it was shown that after participants consumed alcohol they rated individuals faces as more attractive. It was also pointed out that initial attractiveness was important and future increase in attractiveness depended on the initial attractiveness. This study also showed that alcohol also increases the perceived attractiveness of other stimuli such as landscapes, and it is not just limited to faces. Jones et al. conducted a study in the United Kingdom to measure the effect of alcohol consumption and attractiveness. This study consisted of eighty undergraduate students who volunteered to be a part of the study. It was discovered that significant alcohol consumption resulted in increased ratings of attractiveness of opposite-sex faces. The age old question of does higher alcohol intake affect perceived attractiveness in the opposite sex was studied by Parker et al. It was found that increased alcohol consumption resulted in participants rating of attractiveness. It was also found that in male’s participants rating of