Hovey Insurance & Financial Services Research Paper

Hovey Insurance & Financial Services - Research Paper Example If these fees are unsuccessful, the organization cannot successfully move the project to the completion stage. The dynamism with which the business environment is changing with constrains all organizations in business. In the current business environment, few organizations have surplus resources. If anything, they struggle with the limited resources and tight budgets to realize their objectives. Hovey Insurance & Financial Services Company, being part of this environment, has to contend with the high competition levels and low budgets. This at times bends the organization to opt for the lowest bidder while seeking the right people to deal with in the development process. Low bidders mean that the organization cannot afford the best brains, the most knowledgeable and the most experienced specialists in the market. Subsequently, the quality of products may not meet the expectations of the planners while it may take a longer time before completing. Lack of information technology is yet another problem facing the company. In the current business environment, technology plays a crucial role in the success of the business. Currently, most of the organizations have computerized their operations to suit the global demands and quality requirements of goods and products. For high quality products and services, companies have to give priority to technological investments. Companies operate on a global competitive platform, where customers have unlimited choices of goods and services. Increasingly, more organizations are investing in technology to have the upper hand in the market. Most aim at having long-term benefits from technological investment. Although the initial capital investment by a company in technology is high, there are numerous long-term benefits accrued. Companies save on time taken in producing goods while service industry firms gain more from customer loyalty resultant from high quality services. These are the missing factors in Hovey Insurance & Financia l Services since the company has low technological investment capacity. While developing the company’s website, the company faced a myriad of problems. There was an acute shortage of technology in the country during the developmental stages of the website. This poses even a bigger problem to Hovey Insurance & Financial Services as monitoring of the trends and the traffic of people visiting the site will be a problem. This might mean additional costs to the firm as it may frequently need to outsource these services to an external provider. This poses a dual problem to the organization. On one hand, the organization suffers the problem of secrecy and autonomy as it has to allow inside information to the public. This could have devastating effects on the organization as the contracted person may decide to trade the information with the organization’s competitors. On the other hand, the quality of services provided may be compromising against the high costs charged by the provider. This problem even gets worse when the organization factors in its constrained budget. Time is essential in completing high quality work or when providing high quality services to the customers. While developing a project, the planners and implementers allow enough time to plan the project, get it on its feet and help it start running. It also allows for any changes whenever a problem arises in the implementation

External influences on career decision Essay Example | Topics and Well Written Essays - 3750 words

External influences on career decision - Essay Example A few years down the line, the child starts asking the same question, â€Å"When I grow up what will I be?† like the words of the famed song â€Å"Que Sera Sera.† Today a child sees a toy engine and wants to be an engine driver, tomorrow he sees the smart firemen on their shiny fire engines and he wants to be a firefighter, the next day he sees Superman on TV and wants to be him. Even when the child visits a doctor he immediately wants to be him. Every day he wants to be something new, something wonderful, something adventurous. Gradually, as he grows into a teenager, he wants to do something great like to become an astronaut flying into space, a scientist making the most important inventions, and so on. Then the time comes when he has to actually make the decision. What is he going to do? It is a very difficult question. Very few have an answer ready, though one has mulled over it a million times in the past. Let us consider these lucky ones or smart ones who have alre ady decided what they are going to do with their lives. Who are they? We can call them the lucky ones because they have recognized their innate ability, their talent. These are the ones who have been born with some extraordinary skill and have been able to identify this talent or skill either on their own or with the help of others. It could be a great voice, ear for music, a talent for dancing, sporting, mimicry, acting, painting, or sculpting. They are the geniuses. They know what they want to do with their life and that becomes their career choice, or more accurately their passion in life. This is more of an internal influence on career choice. There is no confusion. He simply aims to reach the pinnacle of excellence in that field. These are the extremely talented people who are lucky to have identified their talents. Hence, we can say that they fall into the category of the chosen few. The next category of people being those who are less talented but extremely interested in spec ific fields – these fields mostly include the arts like music, painting, etc., or any specific sporting activity. These people are passionate about their interests and don’t mind working really hard to groom themselves to acquire success in their field of interest. This again is an internal influence. So, an internal influence can be defined as â€Å"originating within the individual† and the main motivation here is individual satisfaction† (Duffy and Dik, 2009). External influences are those â€Å"which originate outside the individual† and the main motive is to satisfy this â€Å"external factor or criteria.† There are too many external influences on an individual’s career choice. It is not possible to list all of them. But in this research we will make an attempt to study the major ones. First of all the external influences are of two kinds – those that motivate and those that restrict. Motivating factors could be the people around you, your needs, and your inspirations. Constraints could be your belonging to a certain race or gender, living in a certain geographic location, the resources at your disposal (financial or otherwise). But, as we can see, though most of them are not within ones personal control, all these factors do play a major role in the choice of career. Family Most studies show that the family and the immediate social environment play a major role