Skip to main content

Posts

Showing posts from November, 2022

Impact of the Global Financial Crisis on the Healthcare Industry

How does the economy play a role in healthcare?   Investment in the healthcare industry is not just beneficial, but also the highest priority for most economies. However, investment plans around health have too often been assessed solely as a cost, not as an investment with a financial boost.  Any country's economic performance is inextricably linked to its health performance. Global economic crises put healthcare capacity to provide valuable, affordable healthcare services that satisfy patients' requirements and expectations in jeopardy. The role of recession in healthcare is very fragmented. How has the financial crisis affected the Health sector? ·        Many hospitals saw a significant sharp rise in bad debts during the economic crisis. This occurred because patients were unable to pay their medical fees, reducing the income of medical centres that focused on non-fatal maladies. ·        Hospitals were forced to ...

E-money and how it can influence the world finance market?

  Introduction Globally, electronic money is used for money transfers. As the global and networked economy grows, professionals are becoming more interested in the implications of e-money for future banking functions. Globalization and the advancement of information technologies are linked to the development of electronic payment systems. The process is not linear or consistent.   In the domain of e-money and implementing new banking methods, Euro-zone countries and countries from the region have advantageous experiences that help each country learn from the other.   What is E-money? Electronic money refers to money stored electronically on a "saved" card. Stashed in a user's account and usable to pay for products and services using a card or an electrical gadget such as a phone. One may have a financial company acting as intermediary supervising electronic money transactions. These funds are issued by both public and private entities globally, raising concerns about...

A Case Study on Tesla

  Tesla under Musk Tesla has popularized, revolutionized, and enhanced the electric car since its inception in 2003. Tesla Motors was found to create an electric sports car. In 2008, Tesla released its first vehicle, Roadster, a completely electric car that could travel 245 miles on a single charge. In 2010, shortly after this musk took over as CEO. As a result of Silicon Valley-style “techpreneurship”, the company was able to move faster, perform more effectively, and develop fresh concepts in the fields of sustainable, mobility, and automotive technologies. As a result of Musk's method of operation, PayPal became a widely deployed and secure payment platform that disrupted the e-commerce market in 1998. His contribution to the launch of Tesla in 2004 amounted to $6.3 million after making approximately $180 million as a cofounder of PayPal. The startup's bold business plan consisted of  three  steps.      To demonstrate both the feasibility and ...

Building Business reputation and Brand equity through CSR

  What is CSR? A form of self-regulation known as "Corporate Social Responsibility" (CSR) exemplifies an organization's openness and determination to make a positive contribution to the well-being of communities and society through a variety of societal and environmental considerations. CSR is crucial to a company's brand image, customer, employee, and investor attractiveness, talent management, and overall company performance. CSR and sustainability have an impact on the entire value chain, from upstream to downstream that is, from raw material extraction to connecting customers, in an ever-increasingly complicated network. Corporate social responsibility is connected to the notion of sustainability from four perspectives: financial, social, philanthropic and environmental. Environmental Responsibility  Companies that join these activities contribute to reducing environmental challenges by adopting actions like lowering their overall carbon footprint. Environmental ...

The impact of cybercrime on Businesses

  Cybercrime includes data loss and deletion, stolen money, productivity losses, personal and financial data theft, bribery, fraud, and post-attack interruption to normal business operations. Almost 10,000 small businesses suffer cyber attacks in the UK on daily basis. A minimum of 21,200 cybercrime reports came from private limited enterprises, 4,800 from public companies, and over 1,400 from business owners.   Impact of Cybercrime attacks on Businesses   ·         Cybercrime costs SMBs four times more per capita than large companies.   ·         Fifty per cent of SMBs are the victims of a cyber assault, and more than 60 per cent went out of business.   ·         Banks are not held accountable for improper payments under the UCC if the security technique is a commercially acceptable manner of providing security. Small companies that are the victims of b...