Business Scenario Statistics Project Example | Topics and Well Written Essays - 2000 words

Business Scenario - Statistics Project Example The objective of this report is to present rationale and cost-benefit analysis of proposed project for potential creditors and enable the owners of the firm to get loan to fund this project. The report is structured in several key parts. The first section provides a brief overview of the business followed with an overview of the business. The next section introduces business analysis, whereas there are identified major business functions and current problems. Furthermore, the report presents an overview of team management approach and analysis of the main business processes within an organisation. There are defined the types of new ICT and projected key improvements in business processes. The next section is devoted to customer relationship database design, followed by project plan and budget sections. Last section is concluding part of the report. The company operates in tourism industry acting as a travel agent. The company acts as an intermediary between suppliers of various services such as airlines, hotels, package tours, etc. and final consumers. The company has developed a great customer database as it usually ensures high quality of service and has a good understanding of customers’ needs. Moreover, the company has well-established positive reputation among both suppliers/partners and customers, which serves a good basis for sustainable business. However, with the development of IT, more consumers are empowered to book their tours and to buy airline tickets directly without involvement of tour agents. Firm’s suppliers also have switched already to new forms of communication and business interactions. Currently the company operates four locations in the same city, but the management has a strategic plan to expand business adding 10 new locations across other cities in the next 5 years. In order to stay in business and achieve business expansion plans, it is important to adopt new technology and integrate it

The Nature and Scope of Fraud and Fakery in International Business Term Paper

The Nature and Scope of Fraud and Fakery in International Business - Term Paper Example Before understanding the nature and scope of fraud and activities related to it, it is important to understand what is meant by the term â€Å"Fraud†. In its simplest meanings, fraud can be considered an act of deceiving another with the intention of gaining something as a result. Fraud is illegal because it involves misrepresentation, deception, and trickery. It is pertinent to distinguish fraud from errors considered as unintentional (Singleton & Singleton, 2010; Davia, Coggins, Wideman, & Kastantin, 1992; Albrecht, Albrecht, Albrecht, & Zimelman, 2009). As for instance, incorrectly entering the wrong amount in an invoice and receiving or giving incorrect amount by mistake does not account for fraud. In fact, it is the thought of deception which distinguishes a mistake from a fraud. The Oxford Dictionary defines fraud as: On the other hand, the government of UK on its official website has provided a broad definition of fraud in relation to international trade. The definition provided by the government of UK is as follows: Apart from these definitions, another version of the definition for fraud is provided in the Webster Dictionary, which seems to be more explanatory, simple and convincing. The definition is as follows: â€Å"In law, the deliberate misrepresentation of fact for the purpose  of depriving someone of a valuable possession or legal right. Any omission or concealment that is injurious to another or that allows a person to take unconscionable advantage of another may constitute criminal fraud. The most common type of fraud is the obtaining of property by giving a check for which there are insufficient funds in the signer's account. Another is the assumption of someone else's or a fictitious identity with the intent to deceive. Also important are mail and wire fraud (fraud committed by use of the postal service or electronic devices, such as telephones or computers).†Ã‚