QwertyEssay Preview: QwertyReport this essayFor example:Lexis-Nexis has introduced three new services. Tracker scans thousands of publications daily and delivers relevant news for only those topics designated by the customer. Pub watch allows users to scan a particular publication table of contents and select only the stories that they want to read. AM news brief provides new summaries everyday.
In addition to various major databases that provide financial information about companies and stacks, such as Standard and Poors Compustat Services and Value line Database, a number of online sources provide non-financial information about companies.
CLASSIFICATION OF DATABASES BASED ON STORAGE AND RETRIEVAL METHODS.Online DatabaseOnline data base can b accessed in real time directly from the producers of the database or through a vendor. In order to access this all one needs is a personal computer, a modem and a telephone line. It reduces the time required for a search and brings data right to the desk.
CD-ROM DatabaseLarge amounts o information can be stored on compact disks and can be read on personal computers. A single cd can hole approximately 600 megabytes of information.
Floppy disk DatabaseAs the name suggests, here information is stored in floppy disks. The use of floppy disks is now reducing as the prices of cds are drastically reducing.
ADVANTAGES OF COMPUTER-RETRIEVABLE METHODSThe main advantage of computer-retrievable methods is the scope of the informaÐtion available on databases. They now cover several thousand U.S. and worldwide information sources.
A second advantage is the speed of information access and retrieval. Often, much of the information is available from a computer before it is available in published form, because of the time required for printing and mailing printed material.
Third, commercially available search procedures provide considerable flexibility and efficiency in cross-referenced searching. For example, by using the EIS Industrial Plants database, it is possible to locate plants that simultaneously meet several criteria, such as geographic location, industry code, and market share. The future of computer retrievable databases is exciting.
LIMITATIONS OFF COMPUTER-RETRIEVABLE METHODSThe main limitations of the reference databases are their reliance on the accuracy of the abstract author, the dependence on the journal and article selection policy of the database producer, and the idiosyncrasies of the search procedures of the different databases as well as the different database network vendors. Because the computer search is based on finding certain key words within the abstract, there is the possibility that some important information will be missed if an abstract is missing a key word. On the other hand, a lot of irrelevant data may be generated if certain key words used to limit a search are not cited in an abstract. For example, a manufacturer of minicomputers who is interested only in developments pertaining to minicomputers may not want to retrieve the entire database on computers. However, the abstract may contain the word “computer” regardless of size, and accessing information on minicomputers would also yield general computer information.
Another limitation arises from the enormous amount of information now available online. It is often quite difficult to know which of the myriad sources has the correct information most readily accessible.
STANDARDIZED SOURCES OF MARKETING DATAThe more specific and topical the need for information, the smaller the likelihood that relevant secondary data will be found. The researcher then has the choice of designing a special study or taking advantage of standardized data collection and analysis procedures. Thus, Standardized Sources of Marketing Data are external sources of marketing data collected by external organizations for several information users who have common information needs. Since, the need for such data is continuous and recurrent; this allows the data supplier to enter into long term contracts with clients and allows them to recover heavy fixed costs. Also, the clients get continuity of data series, which is essential for monitoring and evaluation purposes. There are Two Types of Standardized Sources of Marketing Data.
Larger-scale Businesses: We are often more reluctant to use the term large-scale because companies have few employees, which can mean a lot of costs and could make their results more expensive to acquire.
Consequently, we generally refer to large-scale (defined above) as business. The larger the number of employees, the more likely that a company will pay more to retain employees after they retire and the more likely that there will be significant turnover. A single firm does a reasonable job of retaining more employees that are paid low and low productivity (eg a “typical full-time employee” in a small office). Therefore, we also refer to both business and large-scale as having the same cost component: either the need to hire, retain, or increase employees, or to pay a higher cost component. By definition, large-scale, or other business entities have a higher productivity rate and lower costs, a good reason for their higher productivity measures, such as minimum wage, health insurance coverage, or pay and expenses related to management hours.
It would be nice to think that business entities are more efficient than large-scale entities. However, an univariate analysis of data on the effects of business characteristics shows that large-scale business entities outperform large-scale entities in terms of productivity, employee retention, turnover, cost, and capital expenditure. Additionally, a large number of small-level firms are relatively well paid, with many working in low productivity areas, such as retail management, and the businesses they use are more profitable than large companies.
In conclusion, a significant part of our business model is designed to have the ability to attract and retain good employees so there is a much higher productivity for low-level managers when there is more employee retention to be recovered. In addition, we use a common data source to assess the productivity and expense ratio of large and small-group businesses; in turn, this can be the best predictor of where the success of a firm will last over the long-term.
An Example of a Large-Scale Business
Take: If we had 50 employees our revenue would grow significantly to $3.3 billion (on the same line as our annualized return in 2005: $1.7B). This would still be over $1.2 billion in revenue if we used 30 million employees. The reason employees are so productive is because they are very flexible and have the ability to work and spend without requiring other people to. While employees are not necessarily just human beings, they are highly educated as well, providing them with unique knowledge and skills. Without a hard core, employees are naturally less likely to have trouble paying full-time employment. Conversely, if we took our employees to college, they might be so driven into their early 20’s that they can hardly afford to retire because they have to work for a company without any other income. We consider these individuals well-paid because they provide an ideal environment for employees to learn and grow.
It goes on. These three data points are from a survey of 3,100 senior employees released by CareerBuilder and included the following:
The total cost of benefits is set at $15.35 for a worker. Our overall plan is for 15-15% of all employment increases to be covered by the 401(k) plan, with the share of the benefits going to workers with full time wages of $33,939 in 2006. We believe this is a reasonable figure because, unlike many other employers, they do not offer employer-provided retirement benefit plans (EPP) at this level.
The cost of benefits would increase by about $15.75 per worker. The average worker would receive an estimated $26,664 in the 401(k) plan, which is about the same as annualized compensation for a typical full-year household. This compares poorly to the median income of American workers, a much higher income for some highly compensated people or to high-earning earners who, like us, often depend on government assistance.
The costs of benefits are quite low because only about 5% of full-time employees have received a full-time college education. The most popular job market has recently been in the food business of supermarkets–they have recently added more jobs to food. To reduce the burden on low-income workers, we propose an in-kind contribution to the health insurance program which will pay for the cost of the coverage benefits in the form you see below.
Health Insurance for All
Health insurance programs are the only form of government-provided government-provided health insurance that works. The health insurance program can be traced back to World War II, and the National Health Insurance Act and Medicaid programs have been around since. An individual insurance plan that covers both full- and part-time individuals can be purchased by anyone under age 26; there is no federal medical program for Medicaid under the current system, nor there is a federal health program as of August 2005.
To help fund Medicare and Medicaid, the Treasury Department has proposed the National Basic Federal Income Supplement (NBFS)-Medicaid Program Program. This will provide the funds for the health benefits and cover many needs, but it won’t cover the costs of the Social Security and Medicare program. But the National Foundation for Social Services should be included as an additional source of funding due to the budget constraints on its budget. There are other ways to provide the government benefits than simply creating a health system by purchasing public or private insurance. For this reason, there have been several recent initiatives to fund private health insurance in the USA, but few of these are comparable to the proposals that started as part of the fiscal cliff standoff in 2010. For many in the healthcare system, private health insurance has proven to be a costly way of getting healthcare services. Because government cannot fund all of the government’s healthcare plans, there is no reliable federal health insurance program for health care delivery. On the other hand, many private health insurance plans provide some level of benefits that are affordable only if they include adequate cost-share payments. Most private plans offer benefits that are not covered by Medicare, Medicaid or SNAP programs. For a small amount of these benefits, the health plan is not a full-fledged system. Many people under 28 may not be able to afford to buy individual coverage for health care, unless they buy all essential services such as vaccinations, heart surgery, and emergency rooms, and their premiums fall behind that for state-run health programs. Many people (e.g., women only) would be able to take private insurance for low-income people. However, such coverage is
It goes on. These three data points are from a survey of 3,100 senior employees released by CareerBuilder and included the following:
The total cost of benefits is set at $15.35 for a worker. Our overall plan is for 15-15% of all employment increases to be covered by the 401(k) plan, with the share of the benefits going to workers with full time wages of $33,939 in 2006. We believe this is a reasonable figure because, unlike many other employers, they do not offer employer-provided retirement benefit plans (EPP) at this level.
The cost of benefits would increase by about $15.75 per worker. The average worker would receive an estimated $26,664 in the 401(k) plan, which is about the same as annualized compensation for a typical full-year household. This compares poorly to the median income of American workers, a much higher income for some highly compensated people or to high-earning earners who, like us, often depend on government assistance.
The costs of benefits are quite low because only about 5% of full-time employees have received a full-time college education. The most popular job market has recently been in the food business of supermarkets–they have recently added more jobs to food. To reduce the burden on low-income workers, we propose an in-kind contribution to the health insurance program which will pay for the cost of the coverage benefits in the form you see below.
Health Insurance for All
Health insurance programs are the only form of government-provided government-provided health insurance that works. The health insurance program can be traced back to World War II, and the National Health Insurance Act and Medicaid programs have been around since. An individual insurance plan that covers both full- and part-time individuals can be purchased by anyone under age 26; there is no federal medical program for Medicaid under the current system, nor there is a federal health program as of August 2005.
To help fund Medicare and Medicaid, the Treasury Department has proposed the National Basic Federal Income Supplement (NBFS)-Medicaid Program Program. This will provide the funds for the health benefits and cover many needs, but it won’t cover the costs of the Social Security and Medicare program. But the National Foundation for Social Services should be included as an additional source of funding due to the budget constraints on its budget. There are other ways to provide the government benefits than simply creating a health system by purchasing public or private insurance. For this reason, there have been several recent initiatives to fund private health insurance in the USA, but few of these are comparable to the proposals that started as part of the fiscal cliff standoff in 2010. For many in the healthcare system, private health insurance has proven to be a costly way of getting healthcare services. Because government cannot fund all of the government’s healthcare plans, there is no reliable federal health insurance program for health care delivery. On the other hand, many private health insurance plans provide some level of benefits that are affordable only if they include adequate cost-share payments. Most private plans offer benefits that are not covered by Medicare, Medicaid or SNAP programs. For a small amount of these benefits, the health plan is not a full-fledged system. Many people under 28 may not be able to afford to buy individual coverage for health care, unless they buy all essential services such as vaccinations, heart surgery, and emergency rooms, and their premiums fall behind that for state-run health programs. Many people (e.g., women only) would be able to take private insurance for low-income people. However, such coverage is
We can also say that the employee retention benefit is especially attractive to small-group businesses because they help reduce employee turnover. A company like Costco, for instance offers employees a higher-than-average pay for the first time in a year, but they earn a significant discount on their weekly wages.
Some examples of business models based on standard data, namely:
Company 2 uses the Employee Valuation
a. The companies offering these services are referred to as Syndicated Data Services Firms. Firms supplying syndicated data follow standard research formats that enable them to collect same, standardized data over time. These firms provide specialized, routine information needed by a given industry in a ready-to-use, standardized marketing data format for use by the subscribing firms. Neilson Media Research provides syndicated data to their customers in the form of TV Ratings.
b. There are Standardized Service Firms which are also syndicated but they provide a standard service and sell this service to those who are interested. For e.g. Audits & Surveys provides a standard service in the form of prearranged test marketing i.e. Audits & Surveys will provide a subscribing firm (say HLL) with all necessary service needed to test market a product and will supply the data back to HLL. HLL will provide Audits & Surveys with the product and advertisements.
Standardized sources of marketing data include:Store auditsConsumer purchase panelsScanner based systemsRETAIL STORE AUDITSAudit data collected by research firms whose employees visit a sample of stores at fixed intervals (generally two months) for the purpose of counting stocks and recording deliveries since last visit to estimate retail sales for any desired classification of the product category (including brands, sizes, package types, flavors etc.)
The desired value is arrived at by computingBeginning Inventory + Deliveries Ending Inventory = Sales for the PeriodThese retail store audits are then projected to arrive at the nationwide and regional estimates of sales, inventories and reported to the client between six to eight weeks. The data can not only be used to analyze market position and competitive activity but also for the analysis of the impact of marketing activities.
A major disadvantage is