Bussiness modelling Essay Example | Topics and Well Written Essays - 1000 words

Bussiness modelling - Essay Example In the same manner the information system being developed should not be the automation of the current operational bad habits in the organization. Information System development should also include transforming the operation of the organization from being person or people centric to process and procedure centric as defined by its operating policies and business goals. In information system development before starting the actual design of the system, we need to analyze and understand the requirement and the process of the organization and also the people that will be affected by the system. The system can either contribute to the organization’s success or it could also be the reason for the demise of an organization in case of its failure. To illustrate, the losses in terms of money and time, In 1980s, the Department of Social Security in the UK implemented a failed system called Camelot that was designed to computerize welfare benefits the lost amounted to  £6 million. Sometimes it is not only money that is put at risk life and limbs can also be put in harm’s way if there is failure in implementation similar to what happened to the London Ambulance service LASCAD in 1992 (Chua, 2009). According to a Standish Group survey only 16% of Information System projects are completed on time and within budget, 53% are over budget and on-time, and 31% of all projects are cancelled (Hamil, 2010). Timmers in 1998 presented this definition â€Å"The business model is ‘an architecture of the product, service and information flows, including description of the various business actors and their roles; a description of the potential benefits for the various business actors; a description of the sources of revenues’† (Zott et al, 2010). Business modeling therefore provides the overall perspective of how the business operates as defined by its processes. The

Mexico economy Essay Example | Topics and Well Written Essays - 250 words - 2

Mexico economy - Essay Example 59). The key issues to be watched out for the next year by the Mexican economists are all factors that inhibit the country’s economic growth, as well as its competitiveness in the foreign markets. For example, the country’s economic systems should watch all the constraints of employment, demand, multinational controls constraints as well as monitoring the emerging market economies. In addition, income distribution and consumption patterns of the Mexican economy should be closely be watched to determine the county’s economic position and trends in the upcoming years (Moreno-Brid & Jaime Ros, P. 68). The Mexican economy would unfold with structural reforms that would see the country’s economy pave new ways for investments. However, with the current trends, the Mexican economic accounts is expected to cite a weaker global expansion and further risk reduced competitiveness in a more volatile international markets for Mexican accounts to cope with the emerging market economies (Moreno-Brid & Jaime Ros, P. 52). The United States policy makers in relation to the Mexican unprecedented macroeconomic stability outcome would not want a deteriorating economic performance of the Mexican’ economic as it would directly affect its economy as the two country’s shares common economy patterns. Therefore, the United States policymakers would respond by steering up the Mexican’ economy accounts performance (Moreno-Brid & Jaime Ros, P. 84). The most important information needed in planning for a better future economic development is worth understanding the key players’ political and economic information. Political information for the key players specifically the system of government, recent development, foreign ;policy and bilateral relations information are needed creating the key players competitiveness and future development