How Yelp Has Impacted Business - 1412 Words

Yelp is a popular crowd-sourced local business review and social networking site. This paper aims to find out about how Yelp has impacted business’s. In my research I have found that Yelp impacts business’s positively and negatively. Consumers are becoming more familiar with online review sites like yelp, therefore putting more trust into them. These reviews are influencing potential new customers in the market. Positive reviews are associated with generating more profit and revenue. The Impact of Yelp It’s hump day, and my roommate and I are deciding on what to eat. We’re looking for something economical without sacrificing taste. As we wander through UTC, we walk pass Chipotle, Yogurtland, Blaze Pizza etc. With so†¦show more content†¦Description of Yelp Yelp is a major multinational company with main offices located in San Francisco. It was founded by former PayPal staff in 2004; intended as an email referral center, then re-launched. Yelp quickly grew and received positive reviews form consumers. It is approximated that Yelp has made more than $30 million in terms of revenue. Yelp also creates, markets, and hosts yelp mobile application and yelp.com mail. The company also conducts training to small business’s on how to responsibly react to reviews. (Funk 2013) Yelp can be termed as a crowd-cause business that implores on reviews and also acts as a social networking place. Users and reviewers submit their reviews on particular pro ducts and services of their choice and rate them with stars ranging from one to five (Faltings et al, 2012) All businesses in Yelp’s website are able to correct or change basic information about their products, hours of operations, update contacts or information and other necessary special needs. Users are also given a platform to: react to different reviews about different products and services, come up with social events and interact freely with each other. According to research Yelp is one of the most interactive and important site on the Internet, with more than 34 user- based cities. Yelp application for phones has enabled users to follow, search and review faster using smart phones. It is becoming increasingly vital for all business owners

Professional Code of Ethics - 1887 Words

Personal Code of Ethics Personal Code of Ethics I believe that my personal code of ethics compares to the professional code of ethics very similar. I believe that no matter what profession a person is in that they should always be honest and trustworthy as well as have good morals and ethics. My code of ethics is very similar to the professional code of ethics. One of the differences between my code of ethics and the professional code of ethics is that I would not do anything for the profession that would ruin or tarnish my reputation. I have somewhat high standards and I do not like to be thought of in a wrong manner. I have good strong morals to support my ethical thinking. For the most part I believe my personal code of ethics is†¦show more content†¦Forensic accountants need to possess strong written and oral communication skills. In this profession it is imperative to have a strong accounting background; a thorough knowledge of auditing, risk assessment, and control and fraud detention; and a basic understanding of the legal system. It is important for forensic accountants to possess the ability to interview and effectively elicit information from people who may not be willing to give truthful answers. Therefore, it is important for forensic accountants to be skeptical of those people that they deal with. Knowledge and experience in financial planning and management techniques, as well as advanced computer skills, including an ability to understand and apply various information technology and accounting systems, are also key characteristics of forensic accountants† (Crumbley, 2003) One of the most common issues that forensic accountants face is misstatements of a company’s financial position. Some areas of expertise that forensic accountants have are: mortgage banking, securities trading, and insurance fraud just to name a few. After the scandal with the company Enron, there are many companies out there that want to protect themselves and hire forensic accountants to investigate or even prevent fraud in their company. Forensic accountants have liability claims involving ethicalShow MoreRelatedEthics Code Of Professional Ethics980 Words   |  4 Pagesthe importance of AICPA’ â€Å"Code of Professional Ethics† and its components, and the influence of management perceptions on firms’ ethical environment (p. 919). Introduction. The authors study business ethics, compliance with ethics code, ethical issues, and ethical behavior of company management. The researchers concern with ethical believes of company employees and executives, and growing number of legal proceedings due to ethical issues. The ethics code help professionals maintaining independenceRead MoreA Professional Code Of Ethics1283 Words   |  6 Pagesglobalization. As members of the student body, University of the People students must understand the detriments of plagiarism, piracy and ensure they protect Intellectual Property and respect copyright laws. Developing a professional code of ethics as a computer professional, will help navigate our careers and help us make proper ethical decisions and choices. Intellectual Property The University of the People’s Intellectual Property policy requires we respect individual property rights and abideRead MoreThe Professional Codes Of Ethics805 Words   |  4 Pageslives. According to â€Å"Chapter 1† in the professional codes of ethics section, there are different helping profession and each one has their guidelines of ethics to follow. It’s a good thing to want to help people and to work in the helping profession, but to help minimize the damage that could occur there are professional codes of ethics and laws put in place. Summary The focus of â€Å"Chapter 1† consisted of helping practitioners learn professional ethics which was pointed out on the first pageRead MoreThe Ethics Of The Professional Code Of Ethics1222 Words   |  5 PagesReliableaudits Co. whom has been allocated to the audit of the companies below which I will further discuss each company situation review. I will describe the possible threats to companies’ independence with respect to appropriate section of the Professional Code of Ethics. Lastly, under each company review, I will also propose necessary recommendations in order for Reliableaudits Co. to safeguard against potential independence threats that have been identified. 1. Jatbulla Ltd. This case has two threatRead MoreEthics And Code Of Professional Conduct1598 Words   |  7 PagesAustralia’s (NMBA) Code of Ethics and Code of Professional Conduct. Failure to provide care within these parameters could lead to serious consequences for the patient and nurse themselves. Enrolled Nurses must work within certain legal and ethical parameters to ensure appropriate care is provided to patients and also so the nursing profession itself is upheld in a respectful and trusting manner. In order to work ethically, nurses are required to adhere to the code of ethics and code of professional conductRead MoreCode Of Ethics And Professional Conduct1274 Words   |  6 PagesReview of the Code of Ethics and Professional Conduct of BIP The Code of Ethics and Professional Conduct (CEPC) has been formulated on the basis of article 44, 45, 46, 47 of BIP constitution, to secure the rights and benefits of the Planners community in Bangladesh. CEPC not only provide guidance and support to the members of BIP on their lead in the professional field but also offers assurance to the client who avails the services of Planners. Members have the opportunity to express their opinionRead MoreCode of Ethics for Computer Professionals1134 Words   |  4 PagesMost professions have codes of ethics and for the same reasons computer professionals need a code of ethics. Professions that have been in existence for many more years than the information profession have had time to recognise their ethical responsibilities. In the information field it can be more difficult to immediately recognise who is affected by the actions of an individual or organisation. This does not mean that information professionals have no moral responsibilitie s. It is common acrossRead MoreMy Professional Code Of Ethics1208 Words   |  5 Pagesâ€Å"Ethics is knowing the difference between what you have a right to do and what is right to do† said Poher Stewart (Lindstrom, 2012). Public health professionals follow a code of ethics in order to better serve their community by respecting the rights and choice of the individual they are helping. In this paper, I will list my professional code of ethics as a healthcare professional and provide examples of how I apply it to better serve my community and the athletes individually. Introduction PublicRead MoreCode Of Ethics : Professional Counselor799 Words   |  4 Pagesdifferent professional counselor. She also, requested all records, the clinical case notes written by the counselor during her counseling sessions, and the clinical case notes her current counselor received from her previous counselors. The counselor breached code B.6.e ACA Code of Ethics because she refused to give the client a copy of the clinical case notes recorded during her therapy sessions. The counselor stated, â€Å"The notes I’ve written will not be very helpful to you†. This code informs usRead MoreEthics And Professional Codes Of Conduct878 Words   |  4 PagesEthics and Professional Codes of Conduct (Unit 10), Trump won the president in this month. After two months, Donald Trump will be the official president. However, the concerns about his ethics is upcoming to everyone’s mind. As we known, The Trump Organization runs a lot of business all around the US. When Donald Trump moves into the White House, he ll be the most controversial president in America history. After Trump is the president, his business interest is related to the politic. But there

Need Cash Look Inside Your Company free essay sample

Look inside your company This article was very interesting to read and brought to my attention several issues. Following the world financial crisis, a common scenario in today’s business world sees organizations always struggling for capital. However, with the ability to better manage their internal policies and processes, organizations may discover that considerable cash flow can be unlocked while making significant difference between failure and survival. The authors highlight six common mistakes that firms commonly make in managing their working capital. In my opinion some of them can be argued. The first issue raised is managing to the income statement. Organizations are suggested not to manage to their income statement, as several important cost articles are not reported on it; in this scenario, managers are keen to tie capital up in stock and receivables. The presented example represents this point with the common volume discount. Managers should pay particular attention before buying more supply than they actually need in exchange of a discount, because often this move may result in more costs at the end. We will write a custom essay sample on Need Cash? Look Inside Your Company or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This concept can easily apply to all elements of the working capital. This idea was very well expressed with the example of the metal refining firm which decided to reduce its payment terms from 185 to 45 days. This provoked a decrease in sales, however, it enabled the firm to save 8 Million a year in less capital costs, compensating also for the decrease in transactions. I think this method should be carefully analyzed, I do not agree with the â€Å"one method fits for all† kind of approach. I believe that this approach may be valid according to the situation. I reckon that the most valuable clients should entitle to some flexibility, although in some cases, reducing all of a sudden payment terms may impact on the firm flexibility. On the other hand, this approach may resolve issues with those customers that constantly pay late. The second mistake reported is rewarding the sale force for growth alone. I totally agree with the fact that sales people should not be rewarded only based on the sales they book in. This way there is no incentive for them to assist in managing customer payment nor to assess the type of client they are acquiring; their only focus would be just on closing the deal at all costs even by offering payment delays or discounts without following up. Very relevant was the example that the author suggested of the aforementioned metals refining firm, which applied more aggressive policies on receivables and resolved the issue of bad receivable generating annual flow of $3 Million. The third point raised was overemphasizing quality. The author suggests that firms should rethink in applying production rewarding systems based on quality, because this way will badly impact on production speed. I believe this concept is valid to a certain extent. On the provided example this approach made sense: the firm was investing resources for superior quality at extended manufacturing cycles. However, customers did not value the level of quality the company was offering; overall it was a waste of resources. Moreover, the firm was unable to pass associated costs to customers so it was losing. On the contrary, customer valued reduced manufacturing times and costs kept down. I believe that there was a misalignment of considered value between the firm and the customers, as although companies may reconsider the quality level of their products, they mostly need to better understand what customers value the most and align with that. The forth problem is Tying receivable to payable. The main issue identified reports that firms tend to duplicate the relationship that they have with suppliers with the relationship they have with customers. In this sense if the suppliers give the firm tight terms, the firm tries to recover the cash by contracting its credit policies with clients. This assumption has been demonstrated to be completely wrong and I completely agree with this point. There should not be a unique process for suppliers as well as customers. The nature of relationships is different and need to be managed according to their conditions. Different factors are relevant to determine the terms that a company formulate for its customers or accept by its suppliers, such as relative bargaining power, industry structure, and ompetition; in each case those factors differ in the two levels of relationships. That is why firms should have a strategy in place focusing on broaden supplier’s payment time and minimize receivable times from clients; however, in my opinion firms should also aim to be flexible and consider developing terms that are tailored for each supplier and customer segment to address their specific nee ds and deliver maximum value. The fifth issue addressed is applying current and quick ration. The article suggests that firms should not manage by current and quick ratio. Because bankers use this approach in managing credit decision, many organizations consequently try to maximize their numbers to show enough liquid assets and manage by following those bankers guideline. The author however, expressed a valuable point highlighting the fact that following this process and by managing to a banker ratio, there is a proven high level of bankruptcy. To demonstrate this he proposed the case of the French customer goods firm, which announced insolvency after six months, after confidently declaring that its ratio rose from 110% to 200% and its quick ratio from 35% to 100%. However, reporting only one case does not make this approach a rule. I wonder what would the statistics be on this. The article concludes by addressing the last issue of benchmarking competitors. The author discusses that it is very common for managers to compare company performance with industry competitors and suggests that is not a good practice to adopt. I completely agree, examples of successful and innovative organizations like Dell, suggest that it is necessary to come up with creative ideas to look beyond industry boundaries. In fact, when Dell started to compare its products with retailers instead of just comparing them with computer companies, renovated its whole working capital practices. Organizations are suggested to start thinking differently, â€Å"outside the box† and take a more innovative approach. To achieve this organizations have to stop relying entirely on the standard industry benchmarks to guide their practices. Looking at what alternative industries are doing implies also to intimately know customers and what they consider as an option to your products outside your category or industry. This concept is also widely expressed in the Blue Ocean strategy book which is very much open minded. I have been very inspired by this book, which has given me lots to think in regards to my intention of developing my own business. In conclusion, my attention was driven by the last concept of the articles about creating a participative culture within the firm. I agree with the fact that fostering an environment where all managers engage in an open dialogue with one another as well as other stakeholders certainly enhances value creation.

Tragic Heros Essays - Fiction, Film, Literature, Cleopatra

Tragic Heros Romeo and Juliet Essay: Tragic Heroes Romeo is a tragic hero because he fought and did everything he did to be with Juliet but it still didn't work out and he ended up killing himself to be with Juliet, then finding she wasn't dead just as he had drunken the poison. Then Juliet saw her dead Romeo and killed herself with a dagger. The movie ?End of Days? has something like this. The main character fights Satan because he came to earth to take it over. At the end of the movie the demon possesses him and he must throw himself onto a statue holding a sword killing himself but saving the world, This is another example of a Tragic Hero. The movie Gladiator's main hero, Maximus Aries is also a tragic hero. It's about a Roman army general who's empire turned on him and imprisoned him after Caesar made him the heir to Rome. Caesar didn't choose his own son because he was corrupt, when he told his son this his son suffocated Caesar before he annoced to Rome who the heir of Caesars empire was, and of course everyone would think it was his son, but it was actually Maximus. Caesar's son told some troops to take Maximus and kill him in the forest but he escaped. They then had his wife and child crucified. He then gets sold as a slave, to an entertainer who makes Gladiators. Maximus then rises up and becomes undefeated and in the end and takes on Caesars son in a gladiator match. Caesar's son wounded Maximus before the match but Maximus still managed to come through and kill him. He told everyone Caesars last dying wishes and his own to take Rome and make it republic once again then Maximus fell to the ground and died. These 2 examples are like Romeo because they died or did something heroic and the outcome for them was bad and tragic. Tragic heroes usually die or have something bad happen to them at the end of the story, but they die for a good cause making it tragic that they died but they may have saved the world, or be reunited with there loved ones. Shakespeare