Business Process Management

Week eight article tends to present the business modeling aspects in a more realistic approach, where there is a complete assertion that a business process modeling is the representative means for business activities, information flow and decision logics in business. Hence, it is asserted that the power of visualization as pertained to the diagrams provided is sufficient as it tends to act as a communication channel for the process and interactions included in between the organization (Harmon, 2014). Therefore, the overall aim of the article is to effectively outline the notion and consent that suits a business process. To effectively discuss this article tends provide process scope diagrams that define the relationship between process and the external surroundings, there is also the process flow diagrams that describe the internal relations. To provide evidence consider the case of the As-is, Could be and To-be process diagrams. The frameworks of these diagrams are built to indicate the weakness or improve consistency in an organization. Therefore, the diagrams tend to present multiple granularity levels that tend to range from the simple depictions of workflow to the simulation and execution of the set process. As a result, it tends to achieve a common understanding regarding business knowledge. Hence, the overall aim of the article is to it drive the designs and implementation of the systems through modeling in business process.   The arguments developed by the article are essential as it defines and shows the benefits the business modeling process has in an organization. Since a business process is the collection of activities ranging from order, review, manufacturing and deliver process as pertained in the article. All this designs play the role of modeling so that there can be production of a certain output for a particular aim. The process modeling process as indicated by the article defines the inputs and outputs for a certain action, thus it implies strong emphasis on how work should be done in any organization. The article has a positive impact as it objectively satisfies our lesson on business process modeling. This tends to be visible based on the diagrams created in article that effectively analyze the business process modeling concerning the many aspects of management that tend to provide a detailed technical nature and process that tends to closely emphasis on the links between quality management and analytical approaches. Hence, it is relevant to state that the frameworks developed on the basis of the diagram satisfy the business process modeling outline, and gives us adequate knowledge of the process. Harmon, P 2014, Business process change: a business process management guide for managers and process professionals, 3rd edn, Morgan Kaufmann-Elsevier, Waltham, MA. Week six journal outlines that setting up business process management as it ensures low cost and maintains high levels of revenue. Therefore, the article is analyzed such that it outlines the process approach to management, identify the key reasons to process standardization, describe the maturity frameworks and model, and identification of the BPM process and identify approach to improve process performance. The article outlines that through conceptualizing of organization system inputs are taken and generate values that is product or services to customers. Hence, for conceptualization there is the need of having a management system whose purpose is to organize and support the effectiveness of the business process. Management occurs in two different instances depending on the role one has in an organization; that is operational and project management (Harmon, 2014). The article also provides us with several management frameworks ranging from PMI, SEI, SCC and ITGI. If we could look at one scenario that is PMI as outlined by the article it tends to distinguish operation management and project management in an organization. In general the article provides a framework that signifies that management should be organized for the purpose of effective business process. Critics from the journal are effective in the sense that the author outlines that business process management as a discipline that combines knowledge pertained to information technology and knowledge from management science and applies the two in the operational business process. Therefore, it creates value for an enterprise by growth, better productivity, staff effectiveness, improved performance and better service delivery. It could also make a business agile in different manners such as streaming of supply operation to reach the global market, accelerating innovation and assistance in the increase of productivity. Therefore, on the basis of the journals discussion business processes tend to be pervasive. As a result, we understand that such processes act as a representation of activities that organizations undertake. Since processes act of different levels of scales, they require certain margins of tailoring. Therefore, we attain the knowledge that when trying to improve the activities one goes and seeks leverage from the advanced methodologies and technologies pertained from this journal for the purpose of consistency and efficiency. Therefore, through BPM it becomes easy to define and manage your business process so as to attain your goals. Harmon, P 2014, Business process change: a business process management guide for managers and process professionals, 3rd edn, Morgan Kaufmann-Elsevier, Waltham, MA. (Chapter   6 and 7)   Week four journal presents the architectural business process as an organizational process containing and the relationships among them. Hence, the problem of interest being perceived is that of understanding how to design structures, were a particular approach in mind can start on the basis of general normative structure that gives a pattern which derives a design (Harmon, 2014). Further argument on value chain shows that it is a process that organizations use for the generation of product or services to a certain group of customers. Hence, each step of chain add is essential for the final value of the product or services. There is also framework development of framed on several proposals that enterprises must use in guiding their architectural designs; such as the Zachman framework. For instance, the Zachman framework tends to be a vital analytical tool which helps one in thinking about the analysis of the enterprise or portion thereof (Harmon, 2014). Relating this to most architect ural process we tend to depart from such architectural designs with the intent of making use of our specific business knowledge which gives us the chance of proposing a precise and detailed pattern for the purpose of support design. On the basis of the journal, we could criticize that the methodology presented here is sufficient as it provides adequate knowledge on how we can integrate designs from architecture to business logic. Hence, it offers diverse requirements and knowledge that is detailed in process models to where application support is explicit, and the mapping requirements of models for business. But, in accordance to the argument of the article ultimate integration has adequate detailed design models that try to avoid instances where limitations may arise. In regards to this article, it has been of benefit as it complements the objectives of the lesson learnt in regards to this topic. For instance, through the use of the same type of models at different abstraction levels in the representation of business architecture, one thing that becomes certain is that the process has offered us component processes that tend to show us how to design details appear in a more fashioned way, and also avoiding of complex representations. Once, we follow the procedures and framework developed by the article it becomes easy to assert that we will have a formalized that there is a logic in our business designs. Harmon, P 2014, Business process change: a business process management guide for managers and process professionals, 3rd edn, Morgan Kaufmann-Elsevier, Waltham, MA. (Chapter   4) Barros,O 2007 "Business processes architecture and design" BPTrends, https://www.bptrends.com/publicationfiles/05-07-ART Business%20Processes%20and%20Design-Barros.pdf  

Renewable Wind Power Research Paper Example | Topics and Well Written Essays - 1000 words

Renewable Wind Power - Research Paper Example A wind turbine is a device that converts kinetic energy of wind into mechanical energy. When mechanical energy is put to use directly in some equipment such as grinding stones or a pump, it is called a windmill. Instead, when it is converted to electricity for further use, the device is known as wind turbine or wind generator. Wind turbines are mounted at high elevation so as to receive a constant flow of wind power at higher average velocity. Usually, wind turbines need an average speed of 35 kilometer/hour or 11 meters/second. Wind velocity mapping is done before selecting a place for wind turbine. Higher the wind speeds, more are the chances to get continuous flow of electricity (Whitburn, 2012). As terminology implies, 1- kW rated capacity wind turbine would generate theoretically maximum of 1 kW of power per hour, if continuous flow of wind with the average wind velocity is available at all the time; however, in all practical purposes it does not happen so because wind energy is intermittent. In the long run, wind turbines are found to generate electricity only at 10-40% of their rated capacity. This means that wind turbine with the rated capacity of 1 kW would generate between 2.4 kWh (1Ãâ€" 24Ãâ€" 0.10) and 9.6 kWh of power per day (1Ãâ€"24Ãâ€" 0.40) (Whitburn, 2012). Wind turbines can be segregated on the basis of horizontal- and vertical-axis turbines. Horizontal-axis turbines have tail fins that keep blades facing the wind. A constant flow of wind keeps turning the rotor blades of the turbine, which is connected to the generator through a rotating shaft and gear-wheel assembly. The power so generated is called Direct Current (DC) and needs to be converted to Alternating Current (AC) for its use as all devices for home use are usually designed based on AC current. The conversion from DC to AC is done through a device called inverter. Inverter is connected to a battery bank that is a store house of electricity produced in this way because wind energy is available intermittently while electricity demand is continuous. When no sufficient wind energy is available, electricity production comes to a standstill; however, the need of end users are met through the stored energy in the pool of battery (Whitburn, 2012). The following schematic shows the st eps involved in the production of wind power. Source: http://exploringgreentechnology.com/wind-energy/how-does-wind-energy-work/ How Wind Energy Can Save Money Companies can save a huge amount of money if they use this renewable source of energy. Subsidies that are available at Federal and State levels give extra cushioning; technological advances and scale of operations have changed the scenario in clear terms. Subsidies Available on Wind Energy The production tax credit (PTC) is the subsidy available to the producers of wind power and that, currently, rules at 2cents/kWh (zFacts, 2011). Most of the wind generators have qualified for this and they will receive it for 10 years. Moreover, double declining 5-year depreciation is the second benefit that companies get on investment toward wind power. This allows investor to take a 40% tax deduction on the very first year and 24% deduction on the second year. It is allowed to be completed in five years. The combined federal-sales tax rat e is around 43% and in that sense the depreciation allowance is lucrative enough and in terms of benefits, it accounts for half a cent/kWh (zFacts, 2011). Though wind produces electricity free of operating cost, it requires still huge investment toward the cost of equipment and installation

Lawyers Working With Business Essay Example | Topics and Well Written Essays - 2500 words

Lawyers Working With Business - Essay Example to consideration include the identity of the business, which should have distinguishable factors in the market place such as trademarks and service marks. It is also essential to protect the identity of the business by registering the trademarks and service marks. Experience is also a decisive factor as it shows the viability of the business concept as well as provides credibility among the franchises. Profitability is also essential as the main goal in business is to make money profitable businesses are, therefore, attractive. Furthermore, the franchisee requires to submit royalties to the parent company based on the revenue. It is essential to, therefore, to ensure that the franchisee is capable of running a sound business in order for the parent company to benefit. Business plans as well as marketing plans are essential components in this process as they ensure that the prospective franchise businesses have an operational framework.2 Other factors that are essential in setting up franchise include the training necessary for the franchises. Significant amount of training in necessary in these instances so that the franchises operate on the same standard as the parent company and training plays a crucial role in this respect. The concept of franchising faces some drawbacks that must be put into consideration by any business contemplating the concept of franchising. These drawbacks include the reduced amount of control over the franchise in terms of products and services which may subsequently lead to a variety of quality across stores. The potential of earning revenue also reduces as the parent company entitlement is only a portion of the revenue from the franchisee. It is, however, noteworthy that there is a higher potential for growth and success of franchising... This paper stresses that leasing eases the budgeting process of the company as the lease payments fixed initially and forecasting the cash and budgeting requirement becomes easier. The lease cost can be incorporated into the business budgets more easily due to the regular occurrence and allows a better control into the business cash flow. Seasonal or skip payments can be arranged in this scenario to reduce the time and financial constraints. Leases also facilitate tax benefits as it establishes flexibility in gaining tax benefits from various situations, therefore, facilitating a reduced cost in the equipment. Leases usually considered as operating costs and often deducted from the taxable profits of the business. When properly structured, a lease agreement allows for tax benefits passed on to the Lessee due to competitive rates and lower fees. This report makes a conclusion that that leasing provides an out of the balance sheet financing where the business obligations to pay the lease in not included in the balance sheet. This obligation, which is a liability to the business, does not reflect on the balance sheet and affects the solvency of the business as the liability of the equipment not included. Because this lease liability does not reflect in the business balance sheet, the measure of financial leverage according to the balance sheet improves. The ratio of total l liabilities to equity improves, therefore, resulting in better credit ratings and ultimately low interest rates on finances towards the business.