Electronic Information At The Bedside, And Barcode...

In recent years many innovations have been made to improve qualitative and quantitative aspects in the nursing profession. It is no secret that to accommodate the recent healthcare reform and its elevation of insured individuals, as well as the aging population, the medical industry has had to be more meticulous in improving nursing care and ultimately patient safety. Technological advancements such as the electronic health record (EHR), the electronic medical administration record (EMAR), and a handheld device used for scanning patient armbands and medications were all introduced around 2007, and have facilitated the ability of nursing staff to promote effective documentation, verification, and overall, communication. For this reason, this paper will focus on evidence that demonstrates how electronic documentation at the bedside, and barcode scanning, have improved nursing care and patient safety in various aspects of the health care setting. When it comes to documentation the mantra of phrases, â€Å"If it was not documented, it was not done† resides with many nurses. As Weiss and Tappen (2015) describe, â€Å"If a nurse did not ‘do’ something, he or she will be left open to negligence or malpractice charges.† Documentation is of utmost importance, and nurses are taught that the most valuable piece of information that can deter them from possibly losing a lawsuit is in fact, documentation. Nurses must be thoroughly knowledgeable of how the process of documentation works.Show MoreRelatedBar Code Scanning and Patient Safety Essay2555 Words   |  11 PagesBar Code Scanning and Patient Safety Phyllis Harman University of Southern Indiana Bar Code Scanning and Patient Safety The following paper explores eight published articles that address the issue of bar code scanning for medication administration and patient safety. Online research was conducted to locate and review articles which are included in review of literature, and to acquire accurate information addressing the issues discussed. The understanding of Bar Code Scanning for MedicationRead MoreA Research On Patient Safety1366 Words   |  6 PagesCenter in Pueblo, Colorado described how their facility started with barcode medication administration with a compliance rate of 98 percent or better in all inpatient areas, then added other workflows such as blood administration and specimen collection (Parker, 2015). In the current state, PatientTouch application reminds nurses if the patient hasn t received their first dose education. Blood transfusions now use barcode scanning to cross check and witness each event. Because Parkview has focusedRead MoreA Brief Note On The Electronic Health Record 1470 Words   |  6 PagesTechnology in Nursing: The Electronic Health Record An electronic health record allows providers to access health records more readily and to optimize the health outcomes of their patients. Missouri implemented a program with the goal to help Primary care providers to achieve meaningful use of the Electronic Health Record (EHR) by March of 2012 (Missouri Health Information Technology Assistance Center). Meaningful use focuses on things such as asthma, diabetes, and hypertension since they have theRead MoreHealth Care Information Systems That Offers A Revolutionary Workflow Driven Design And Addresses The Dynamic Nature Of Patient Care Essay1317 Words   |  6 PagesCerner Soarian Clinical is a health care information system that offers a revolutionary workflow-driven design and addresses the dynamic nature of patient care. It positions health care organizations to manage processes, as well as clinical data, from beginning to end across departments, disciplines, and care settings to help improve operational efficiencies and the busin ess of health care. During the two weeks of the go-live with the new system, there were a few anticipated as well as un-anticipatedRead MoreHuman Health And The Delivery Of Health Care Services ( American Medical Informatics Association Inc.869 Words   |  4 Pagesscience of how to use data, information, and knowledge to improve human health and the delivery of health care services (American Medical Informatics Association Inc., 2016). It includes the ability to locate or generate data as well as the storage and sharing of said data. Today, almost our entire society relies on technology in some form or another and the healthcare field is no different. The culture of nursing has changed dramatically over the past few decades; electronic charts and charting areRead MoreRfid ( Radio Frequency Identification ) Essay1383 Words   |  6 PagesRFID (radio frequency identification) uses radio waves to transmit information between RFID tags (chips) and RFID readers (What is RFID?, n.d.). There are two basic types of RFID tags. Active tags are larger and more expensive because they require an independent power supply to function, passive tags are cheaper, smaller and do not need a separate power supply (The Different Types of RFID Systems, n.d.). Initially, we will be implementing the use of passive RFID tags, which will help control theRead MoreMedicine and Computerized Management Systems Essay2001 Words   |  9 Pagesmanagement system increase the quality of patient care, along with the use and integration of handhel d devices? 2. Discussion of the security aspects that accompany the computerized management system; use, storage, and back up of patient information while maintaining patient confidentiality related to HIPAA (Health In formation Portability and Accountability Act). 3. The affects of the new computerized management system on healthcare costs. Another important aspect to consider when lookingRead MoreImproving Patient Care At The Nurse Manager1088 Words   |  5 Pagesbest care (Frank, 2007). According to the nurse manager, there are several methods in place to help with open communication and to disperse information across the teams. Emails are used for communication and there are also team meetings to keep everyone abreast of events. There is also the use of the â€Å"potty press† in the bathroom which displays information that the teams should be made aware of on a board in the bathroom. The â€Å"potty press† is updated frequently. Integrating evidence based practiceRead MoreA Study On Pharmacy Informatics1113 Words   |  5 Pagestechnology. Pharmacy informatics related to informatics relevant to practice of pharmacy. â€Å"Pharmacy Informatics† defined in some contexts as the pharmaceutical specialties dealing with computerized pharmacy. This topic will focuses on important role of information technology in preventing pharmaceutical errors. Medication errors occur during order or administration of medication. Medication error is any unwanted errors in the prescription, dispensing and administration of medication orders. Medication errorsRead MoreElectronic Bar Coding and No Interruption Zones to Decrease Medication Errors2088 Words   |  8 Pagesï » ¿Electronic Bar Coding and No Interruption Zones to Decrease Medication Errors Introduction Research shows that medication error in hospitals and other health care settings leads to 373,000 preventable adverse drug events (ADEs) per year and that these events would increase to 478,000 within 20 years in the absence of additional preventive measures (Federal Register, 2004). While the use of barcode technology has had many applications in hospitals for quite some time it has only recently been

Indigenous Health - 1510 Words

INTRODUCTION Indigenous health is a vital tool in health care today. The case study is about an indigenous lady who is from a remote community. This case study will define culture shock, transcultural theory. Finally it will states the recommendations that can be acquired to improve the current indigenous health care issue as it can be noted that the indigenous health tends has been deteoriating. Culture shock Culture is all about an individual knowledge based on belief ,art,morals customs.Therefore culture shock occurs when people have different values and beliefs and are not tolerant of each others differences(Eckermann,Dowd,Chong,Nixon,Gray and Johnson,2006.).The separation of important people in†¦show more content†¦Germov ( 2009) further explained that the indigenous Australians found it hard to get employment as a result of convicts available for labour. These condition worsened their ability to be in good health. Basically the Australian economic development were based on selfish exploitation of natural resources which was mainly for civilization and maximizing of profit Germov (2009). The results of dispossession have had a great impact to indigenous Australians. These could be seen today as to why most of them are violent people. They feel the bitterness of what Europeans did to their country .Germov, (2009) explained that Europeans practiced ethnocentrism, meaning they perceived and interpreted the Aboriginal lifestyle as land wasting passive uncivilised and unoccupied .These led to forcibly relocating the Aboriginal people to settle in particular land regions the Aboriginals were subjected to violence and their land forcibly occupied. Contemporary Health issues Today Contemporary health issues are various in the indigenous community today. Most of aboriginal Australians living in rural areas hence for from the town Germov,( 2009).In Australia Health care is provided through insurance scheme for instance Medicare and also through the pharmateceutical benefits scheme(BSB) Germov,( 2009).According to Deeble,(cited in Germov 2009) furtherShow MoreRelatedHealth Of Indigenous And Non Indigenous Australians Essay2053 Words   |  9 Pagesjustice breakfast for 2016, my name is Annabel Miskell and I will be speaking with you about the impact health has had in the reconciliation process between indigenous and non-indigenous Australians. Indigenous peoples have occupied Australia for more than 60, 000 years, so why are they among the most disadvantaged in our health system? The right to a ‘standard of living adequate for †¦ health and wellbeing’ was established as a basic human right in Article 25.1 of the 1948 Universal DeclarationRead MoreEssay on Indigenous Health Care1568 Words   |  7 Pagesdispossession had on indigenous communities. It will define health, comparing the difference between indigenous and non- indigenous health. It will point out the benefits and criticism of the Biomedical and sociological models of health, and state why it is important in healthcare to be culturally competent with Transcultural theory. The case study of Rodney will be analyzed to distinguish which models of health were applied to Rodney’s care, and if transcultural theory was present when health care workersRead MoreEssay about Indigenous Health1500 Words   |  6 Pagesâ€Å"The status of Indigen ous health in contemporary Australia is a result of historic factors as well as contemporary socio-economic issues† (Hampton Toombs, 2013, p. 1). The poor health position of Indigenous Australians is a contemporary reflection of their historical treatment as Australia’s traditional owners. This treatment has led to Indigenous Australians experiencing social disadvantages, significantly low socio-economic status, dispossession, poverty and powerlessness as a direct resultRead MoreIndigenous Australian Mental Health929 Words   |  4 PagesMR Hon Peter Dutton MP Minister for Health Australian Government Department of Health Sirius Building, Furzer Street, Woden Town Centre Canberra ACT 2601, Australia Dear Mr Dutton: Thank you for taking time to read my letter. As a nursing student of University of Technology Sydney, I studied contemporary indigenous subject this semester. In this letter I want to illustrate 3 main social determinants of health that impact indigenous Australian health which I found and analysed during myRead More Health Issues of Indigenous Australians2337 Words   |  10 PagesAs health professionals, we must look beyond individual attributes of Indigenous Australians to gain a greater understanding and a possible explanation of why there are such high rates of ill health issues such as alcoholism, depression, abuse, shorter life expectancy and higher prevalence of diseases including diabetes, heart disease and obesity in our indigenous population. Looking at just the individual aspects and the biomedical health model, we don’t get the context of Aboriginal health. ThisRead More The Health of Indigenous Australians Essay2320 Words   |  10 PagesAs health professionals , we must look beyond individual attributes of Indigenous Australians to gain a greater understanding and a possible explanation of why there are such high rates of ill health issues such as alcoholism, depression, abuse, shorter life expectancy and higher prevalence of diseases including diabetes, heart disease and obesity in our indigenous population. Looking at just the individual aspects and the biomedical health model, we don’t get the context of Aboriginal health. ThisRead MoreHealth And Indigenous Australian Peoples Essay2350 Words   |  10 PagesSOUTHERN CROSS UNIVERSITY ASSIGNMENT COVER SHEET Student: Anushia Bentley Student ID No.: 22413376 Unit Name: Health and Indigenous Australian Peoples Unit Code: CUL0048-2016-2 Tutor’s name: Liz Rix Assignment No.: 3 Assignment Title: Bentley Anushia 22413376 assignment 3 Essay Due date: 15th September 2016 (extension approved) Declaration: I have read and understand the Rules Relating to Awards (Rule 3 Section 18 – Academic Misconduct Including Plagiarism) as contained in the SCU Policy LibraryRead MoreThe Health Between Indigenous And Non Indigenous Australians1951 Words   |  8 PagesThe social determinants of health are described as the condition of daily living in which determines the individual’s chances of maintaining optimum health (Department of Health and Human Services 2015). In Australia, the health inequality between indigenous and non-indigenous Australians is noted by the World Health Organization (WHO) to have the largest disparity in the world (Markwick et al. 2014). Statistically, the life expectancy for indigenous Australians who are born in 2010-2012 is estimatedRead MoreRacism And The Health Of Indigenous Women Essay1466 Words   |  6 PagesIslands are home to several indigenous tribes and nations. The nuclear tests devastated the inhabitants of the island, who experienced decades of birth defects and extremely high rates of liver, cervical, and lung cancer. â€Å"Between 1954 and 1958, one in three births in the Marshall Islands resulted in fetal death† (Smith 67). This is perhaps the most extreme instance of environmental racism in modern history, and the health of indigenous women was particularly abused. Indigenous women have experiencedRead MoreIndigenous Australians Had A Better Health924 Words   |  4 PagesIntroduction (216 words) Indigenous Australians had a better health, in 1788 with the British arrival diseases like venereal syphilis, scarlet fever, measles, tuberculosis, Influenza, gonorrhoea and small pox, (Australian Indigenous HealthInfoNet, 2015) all the above diseases were introduced in to the wider communities of Indigenous Australians. Because of these many lives have been lost. Current health status of Indigenous Australians depend on many different factors â€Å"income education, incarceration

Benetton’s Innovative Strategy Free Essays

string(37) " supply chain model is given in Fig\." ABSTRACT The business environment of the modern world is very complex and effective business strategy plays an important role in the success of a business firm. The implementation of a strategy at the right time and right place to the right people is the key for success. The firm which succeeds in implementing this can overcome the hurdles of the business environment. We will write a custom essay sample on Benetton’s Innovative Strategy or any similar topic only for you Order Now This report gives the details of the main difference between the conventional and the new Benetton networks focusing on product design, supply and distribution. It also addresses the Benetton’s innovative strategy for designing and managing the global supply network. INTRODUCTION Benetton was a small company started in 1965 for making sweaters for the local retailers. The Benetton story of growth from a small company to one of the worlds largest garment producer is attributed to the establishment of an effective network for the production, distribution and retailing. The company extensively used subcontracting in the production, supply and distribution in the initial phase. As mentioned by Ramdass and Kruger the certainty of business like permanent orders and prompt payment helped them to establish a long standing relationship with the subcontractors. The strategy of outsourcing and effective networking of the subcontractors has reduced the cost of the company in terms of capital investment, labour and processing time. This helped the company to grow in a short span of time as a global leader in garment production. The effect of globalization has slowly changed the style of business of Benetton. In order to have effective control, Benetton started production poles and directly controlled market outlets. The change in the strategy helped the new Benetton to retain the competitive advantage. RELEVANT THEORETICAL CONSIDERATIONS Benetton is an example of an organization which has truly understood the meaning of integrated logistics across boundaries. Benetton has created a borderless world by linking raw material suppliers, 450 manufacturers and 6,000 retailers to deliver 60 million garments a year to satisfied customers in 83 countries (Dapiran, 1992). The Just-in-Time (JIT) method adopted by Benetton in dyeing helped to take care of the rapidly changing fashion in the garment industry.Benetton is doing the dyeing at the last moment of production depending on the latest requirements of the customers which increases the reaction speed and reduces the cycle time of products. They are able to get the latest requirements through the rapid transfer of information using the Electronic Data Interchange (EDI) system which links the market place with the manufacturing process. Benetton also showed that economies of scale is possible in the freight-forwarding function (Dapiran, 1992). It was established through a Worldwide Integrated Distribution Enterprise (WIDE) to control the international forwarding and customer clearance functions. Benetton success is mainly attributed to the strategy of ‘vertical de-integration’ in which they have centralized the processes having highest value addition and decentralized the remaining processes. COMPARISON BETWEEN CONVENTIONAL AND NEW BENETTON NETWORKS a) Product design Benetton Group is one of the worlds largest garment producer with a turnover of 2 billion Euro and 9500 employees (Benetton Group Annual Report 2011, 2011). They are mainly engaged in casual wear business, sports business and complimentary activities. The product design of Benetton is based on the ‘tinto-in-capo strategy’ in which the dyeing is postponed to last stage in order to capture the latest market trends. Benetton always tried to offer same or similar range of products in all the markets. But till the starting of globalization more than 20 percent of models in the casual wear segment were customized to satisfy the demand of each country (Camuffo, Romano and Vinelli, 2001). The models in each country were selected by individual retail agent which has resulted in developing different image for Benetton in different parts of the globe. The increase in the number of models increased the set up time which resulted in under utilization of the available facility. Globalization has changed the style of products offered in the textile industry. The cross country homogenization of consumer lifestyles is observed in the market which encourages the firms to produce global products rather than offering country specific products. This has resulted in changing the product mix of Benetton. There present plan is to offer more limited range of products in all the country. Nowadays only 8 percent of the models are only offered with differentiation suiting to the county specific demand.The reduction in the number of models helps to reduce the set up time which results in better utilization of the facility. In order to keep up with the fast changing market trends, Benetton is offering ‘Flash collections’. The company hopes that eventually flash collections can form 35 to 45 percent of the total products (Camuffo, Romano and Vinelli, 2001). Similarly Benetton has taken steps to streamline the brands. The brands specified for babies, chil dren and expectant mothers were totally eliminated and now it is branded for different age groups. Age groups are divided as children, men, women and expectant mothers. The products for men, women and expectant mothers are coming under the United Colors of Benetton brand which forms 47.6 percent of sales in 2011 as given in Fig. 1. Similarly the brand ‘United Colors of Benetton kids and Sisley Young’ is mainly aimed for children and young people which forms 30.2 percent of sales. Benetton is also doing research in finding new materials which are suitable to the modern world since it can be machine washed and does not need any ironing. This product is mainly aimed to build the Benetton image of global, young and easy to use with high quality and is marketed under the Sisley brand. b) Supply and production The conventional Benetton networks heavily outsourced labour intensive phases of production such as tailoring, finishing and ironing. The outsourced jobs were mainly done by small and medium sized firms in the north east of Italy and the major activities like weaving, cutting, dyeing, quality control and packing was done by Benetton. The conventional Benetton supply chain model is given in Fig. You read "Benetton’s Innovative Strategy" in category "Essay examples"2. In the mid 1990s Benetton has changed the strategy of outsourcing production jobs. They have set up a high tech production facility at Castrette with an area of 100000 square meters. It consists of five technical divisions for wool, cotton, tailoring, shirts and jackets, accessories and shoes. The Castrette pole is responsible for the production of garments and accessories for the casual wear and sports clothing with an overall capacity of 120 million items per year (Camuffo, Romano and Vinelli, 2001). Benetton has adopted the Castrette model in countries like Spain, Portugal, Tunisia, Croatia and Hungary. In all these counties they have set up production poles which are partially or totally owned and directly controlled by Benetton which coordinates the activities of group of SMEs in the particular area. The Castrette pole decides which item is to be produced in a particular foreign pole. The management of production is made in such a way that each foreign production pole is specialized in the production of a particular item and uses the skills existing in the particular area which helps in making a high quality product. Based on this criterion T-shirts are made in Spain and jackets are made in Eastern Europe. Fig. 3 shows the Benetton’s new supply chain model. By the beginning of year 2000 it is found that the production model in Castrette also started changing. The activities like quality control, cutting and dying which are considered to be critical are transferred to subsidiaries and the production pole is mainly concentrating on the elaboration of market sheets for the computerized fabric cutting system using CAD and CAM systems. The market sheets are sent electronically to foreign production sites for cutting prototypes and quality control of intermediate phases. The latest communication technologies have improved the coordination in the supply network which led to better timing of various activities and resulted in reducing the production lead time. c) Distribution and retailing The conventional Benetton network used to sell the products through a number of agents. The agents who sell the product will sign a contractual agreement with shop owners and they are also responsible for developing the market in their area. Benetton provided the necessary services for selling the products. The traditional strategy of Benetton to outsource the retailing to third party was successful. However in the present condition of the market this strategy is not able to sustain their position in the market. The new trend in the retail sector is to set up mega stores with an average size of 1500 to 3000 square meters (Camuffo, Romano and Vinelli, 2001). The average size of Benetton store was only 120 square meters and in order to overcome this difficulty Benetton decided to change the commercial policy and increase the size of the retail outlets. They are increasing the size of the existing retail outlets to display the whole range of Benetton products in the garment, shoe and accessories segment. Wherever expansion is not possible the retail outlet will concentrate on a particular product or segment.They have also opened up retail outlets in prime locations with an average size of 500 to 2000 square meters (Camuffo, Romano and Vinelli, 2001). The retail project started by Benetton aims at making a direct sales network. The network will consists of medium to large size shops owned and managed by the Benetton group. The direct controlled outlets will pose a big challenge to competitors since it is focusing on selling high fashion garments with continuous rotation of product display at the outlets with large display areas. Similarly the latest communication methods allow the Benetton’s directly controlled outlets to directly communicate with the headquarters. This will enable the firm to get an instantaneous picture of sales data and to design and produce items based on the market requirements. BENETTON’S INNOVATIVE STRATEGY a) Supply network re-organisation (upstream and downstream) In the garment sector the supply of raw materials plays a crucial role in deciding the lead time of production and managing supply chain in today’s world is very challenging (Christopher and Lee, 2001). So Benetton has carried out the upstream vertical integration to incorporate the textiles and thread suppliers. Benetton is having 85 percent control on the main supplier of raw materials who is providing 60 percent of woven fabric, 90 percent of cotton knit fabric and 90 percent of carded and combed wool (Camuffo, Romano and Vinelli, 2001). The upstream vertical integration helped Benetton to ensure the quality of the raw materials at the supply stage. This will help to send the purchased raw materials to production centers without any further quality check which will reduce the transportation costs and ultimately cut down the production lead time. In order to achieve total integration of the production cycle, Benetton has invested heavily in automating the logistic processes. This strategy brought down the average time for consignment to seven days and 10 million garments can be sent to all over the world in each month (Camuffo, Romano and Vinelli, 2001). b) Replication of its core capacity (supply chain design and management): After the merger of the Benetton sport systems with the Benetton group, it has to develop methods for managing two different businesses, the casual wear and sports wear/ sports equipment. Benetton has tried to exploit the synergies between the two businesses. Earlier the commercial and marketing activities of the Benetton sport systems were managed by the Benetton sport systems European subsidiaries. This helped to have a close interaction with customers and eliminated all intermediate structures such as trading companies. After the merger, Benetton has tried to optimize the distribution network by developing special areas in large sports shop to display and sell Benetton’s sports equipment brand. Similarly it is making a network of Playlife retail outlets repeating the successful model developed for the casual wear business. Benetton is also planning to develop partnership commercial relations with big specialized distribution chains which allow them to change from make to stock production approach to make to order approach. This commercial agreement known as Blade Express Formula helps to reduce warehousing and obsolescence of products. c) What and where outsourcing Benetton has a networked manufacturing system. So when an order is placed with the company, they will purchase the raw materials and send to the networked manufacturing groups. The company has made the network in such a way that each group is specialized in a particular activity which gives clarity of production, better quality and reduced realization time.The processes like cutting each piece of clothing, stitching, assembly, adding accessories and packaging is coordinated by the manufacturing network so that each has defined role and responsibility (Garcia, 2010). Based on the data of 1990, contracted network carried out 40 percent of wool knitting, 60 percent of assembly and 20 percent of packaging (Garcia, 2010. Benetton also created effective communication methods between the players in the same manufacturing network who produces similar items. So when a supplier runs into problem Benetton does not have to search for suppliers to overcome the reduction in production. The supplier who cannot execute the order will transfer the job to a capable manufacturer in the same network. This method was highly successful and helped Benetton to save 85 percent of costs compared to its competitors. The distribution network of Benetton consists of 85 agents around the world. Each agent is responsible for recruiting the retailers, displaying the fashion collections, processing retailer orders, selecting retail sites, carrying out training and giving the market feedback to Benetton. The agents were getting commission of 4 percent of sales for the job executed by them (Garcia, 2010). Benetton makes an agreement with the retail outlets such that they can sell only Benetton products, display the items according to the guideline and adhere to the price guidelines. In a nut shell the strategic outsourcing decisions of Benetton is as follows: CAD/CAM design, cutting, knitting, dyeing which is highly technical and involves high capital: do in-house. Garment assembly, finishing which involves large labour force: outsource to subcontractors. Raw material purchasing: do in-house. Mass distribution where fast cycle times needed to meet customer expectations with minimal inventories: do in-house. International transportation: outsource to international carriers. Freight forwarding: scale economies and service improvements possible with increasing volumes: change from outsourcing to in-house through joint venture. Global communications network: scale economies not possible with Benetton volumes: outsource to GE Information Systems. Retail stores: involves high capital, labour oriented and requires high customer service levels: outsource to licensees. CONCLUSION Benetton is well known for the bold strategies it has applied in its business model. It started with the networking of production through sub contracting, then entering the foreign markets though franchisees and then starting of production pole in Italy and other parts of the world. The present strategy of Benetton is to make use of modern means of communication and information technology in the field of business especially in marketing and production (Ahmed et al., 2011). In this regard Benetton has started a company United web whose primary job is to manage the e-commerce venture. The primary aim of United web is not to increase the sales but to reinforce the contact with the customers and to make the Benetton products and styles known to a large number of customers. It is seen that Benetton has changed means of business communication with the effective use of internet. Presently they have started e-procurement and online services for the distribution network. The making of ‘new’ Benetton is through the combination of using latest communication methods with the old Benetton strategy of effective networking. REFERENCE LIST Ahmed, I.et al., 2011. Information Technology – Its impact on Global Management. World Applied Sciences Journal 12 (7): pp.1100-1106. Benetton Group, 2011. Benetton Group Annual Report 2011. [pdf] Treviso: Benetton Group. Available at: [Accessed 10 August 2012]. (Camuffo,A., Romano,P., and Vinelli,A., 2001. Benetton Group: The evolution of a network to face global competition. Christopher, M. and Lee, H., 2001. Supply Chain Confidence: The key to effective supply chains through improved visibility and reliability. [pdf] GTM: Vestera. Dapiran, P., 1992. Benetton – Global logistics in action. International Journal of Physical Distribution Logistics Management (1992).Vol.22, Iss. 6; pg. 7, 5 pgs EMCC, 2008. EU textiles and clothing sector: Location decisions. [pdf] Dublin: EMCC. Available at: http://www.eurofound.europa.eu/pubdocs/2008/48/en/1/ef0848en.pdf [Accessed 10 August 2012]. Garcia, J.M., 2010. Benetton and Zara information systems:a comparative analysis. [pdf] Harvard: Organizacion de Empresas. Available at: http://upcommons.upc.edu/pfc/bitstream/2099.1/9456/1/67045.pdf [Accessed 10 August 2012]. Hsia, S. and Chou, J., 2004. A creativity-based design process for innovative product design. International Journal of Industrial Ergonomics 34 (2004) 421–443. Kritchanchai, D. and Wasusri, T., 2007. Implementing Supply Chain Management in Thailand Textile Industry. International Journal of Information Systems for Logistics and Management 2(2): pp.107-116. Lambrecht, M and Vandaele, N., 1994. Queueing Theory and Operations Management. Tijdschrift voor Economie en Management (1994), Vol. 39, 4, 415-424. Ramdass, K. and Kruger, D., 2011. An Analysis into the impact of globalization on the clothing industry in conjunction with the clothing industry in South Africa. [pdf] PICMET2011. Available at: http://uir.unisa.ac.za/bitstream/handle/10500/5666/ramdass.pdf [Accessed 10 August 2012]. BIBLIOGRAPHY Mattsson, L.G., 2009. Collaborative planning in heterarchic supply networks[pdf]. Zurich:Swiss Federal Institute of Technology. Available at: http://e-collection.library.ethz.ch/eserv/eth:30051/eth-30051-01.pdf [Accessed 10 August 2012]. Stark, K.F., Frederick, S. andGereffi, G., 2011. The Apparel Global Value Chain: Economic Upgrading and Workforce Development [pdf]. Duke University: CGGC. Available at: [Accessed 10 August 2012]. How to cite Benetton’s Innovative Strategy, Essay examples

Genesis of Business Model Canvas

Question: Write an essay on Genesis of business model canvas. Answer: Genesis of business model canvas The need for a canvas like framework arose when teaching students with no business knowledge. The need then arose that there should be a framework which gives detail on pre-business planning and ways of concept development. After many iterations, business model canvas came into being after the efforts of Osterwalder. He felt that when Company needs to optimize its activities, having a particular business model is important. It provides a systematic path to launch a new venture. It is necessary to examine all alternatives and their implication thoroughly before pursuing any path. To avoid making guesses and uncertainty in the work process, the business model canvas is the key to implementing strategic business plans. Therefore business model canvas was proposed to compare and contrast plans and determine which the best plan to carry forward is. It allows both a novice entrepreneur and an experienced investor to grab business opportunity within a short period (Sarma Sun, 2016, January ). Unique features of the approach of the Business Model Canvas Osterwalders business model concept features nine building blocks such as value proposition, key resources, key activities, partner network, channels, customer segment and relationship, cost structure and revenue streams. The model describes the proposed channels of distribution of products and services, their value proposition in terms of services offered and their unique advantage. It reveals the key activities for executing value proposition and the network of partners in the particular organization. The canvas gives detail on the target market, type of relationship they want to maintain with customers and the overall cost and expense structure. It also specifies the way a firm will determine its pricing and profit. It is an appropriate framework for developing, documenting and evaluating business plans (Gronum et al., 2015). Comparison with another business model Apart from Osterwalders business canvas, there are other business model frameworks such as Zachman, Porters Value Chain, Microsofts motion and IBMs component business model (Leschke, 2013). The nine building blocks of Osterwalder has been mentioned above. The value chain is dependent on activities like planning, governance, and execution. Though different in approaches, all framework leads to the same goal. The difference lies in the area covered for the functioning of the framework. Some may apply for the whole enterprise while some may just be beneficial for execution part. Other important features in business model map components include entrepreneurial fit, product alternative, and industrial environment (Michelini Fiorentino, 2012). Benefits or limitations of using Osterwalders business model Considering the case of oil industry, the BMC helps to visualise the whole picture of the business and helps to spot the strength and weakness. It offers an opportunity to plan, verify, and iterate. It helps to test the hypothesis and validate with the customers. It gives factors related to products and under ones control. All the business elements revolve around BMC. However, it ignores the strategic purpose of the oil industry and excludes the concept of competition. It is difficult to get the practical experience of manufacturing process. All its nine elements cannot be defined that as some parts are more highlighted than others and priorities cannot be set. The model fails to give the environmental impact of oil industry (Weiller Neely, 2013). Reference Gronum, S., Steen, J., Verreynne, M. L. (2015). Business model design and innovation: Unlocking the performance benefits of innovation.Australian Journal of Management, 0312896215587315. Leschke, J. (2013). Business model mapping: A new tool to encourage entrepreneurial activity and accelerate new venture creation.Journal of Marketing Development and Competitiveness,7(1), 18-26. Michelini, L., Fiorentino, D. (2012). New business models for creating shared value.Social Responsibility Journal,8(4), 561-577. Osterwalder, A., Pigneur, Y., Bernarda, G., Smith, A. (2014).Value proposition design: how to create products and services customers want. John Wiley Sons. Sarma, S., Sun, S. L. (2016, January). THE GENESIS OF FABLESS BUSINESS MODEL: INSTITUTIONAL ENTREPRENEURS IN AN ADAPTIVE ECOSYSTEM. InUnited States Association for Small Business and Entrepreneurship. Conference Proceedings(p. R1). United States Association for Small Business and Entrepreneurship. Weiller, C., Neely, A. (2013). Business model design in an ecosystem context.University of Cambridge, Cambridge Service Alliance.