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HI6008 - Business Research Assignment
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HI6008 Assignment 2 Requirements All HI6008 Students Enrol in the Semester 1/2018 need to follow below Assignment structure: 1. Introduction 2. Project Objective 3. Project Scope 4. Literature Review (Students’ needs to summarise Assignment 1 literature review (2-3 pages) and justification from Assignment 1 literature problems, gaps opportunities, Hypothesis) 5. Research Questions/Hypothesis - Primary Question (only one question) - Secondary Questions (1, 2 ....) Research questions should be linked to Literature Problems, Gaps, and Hypothesis 6. Research Design and Methodology ...Solution Preview:
Introduction:
Advancement of technology has increased the usage of social media in order to share valuable information among large number of people living in the society. Increasing use of social media sites has also influenced different organisations existing in travel and tourism sector to explore their business operation. Availability of different social media tools such as Facebook, Twitter or LinkedIn has enabled tourists to explore unknown destinations existing in remote locations of the world. Previous experience of travellers is also shared in these sites which helps in attracting new travellers in limited timespan. Inclusion of travelling community also plays a magnificent role to maintain healthy communication between large numbers of individuals longing for extensive travel. Online advertisements are also considered as an important tool to make travellers aware of unknown destinations that can be explored by them (Kim et al. 2015). High popularity of social media tool has also supported different travel and tourism firms to include different strategies that need to be followed to manage their business growth. Direct connection with the customers enables these firms to make necessary changes in their service system
This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.
This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.
