Strategic Plans for Business- Free-Samples- Myassignmenthelp.com

Question: Discuss about the Effective Strategic Plans. Answer: Mission statement Business success depends on many aspects before and during the business operations as well developing effective Strategic Plans that address future development plan and expansions. Selecting the right business is, therefore, the first and most important requirement any entrepreneur must overcome, as this ensures the businesses success and long-term operation and growth. Canterbury Renovations specializes in the design and manufacture of cabinets which are a basic requiring in both the commercial premises and homestead(Talbot, 2003). Cabinets are a basic requirement for any building as they are used for storage and safe keeping of items making them an item which remains in high demand on the market. Canterbury Renovations Market Overview: PEST analysis Cabinets are a basic requirement for every building thus making them an item which remains in high demand among office, commercial building, factories, and homeowners. With practically every person requiring having a cabinet to place their items under lock and key, the demand for cabinets will always remain high(Griffin, 2010, p. 127). Canterbury Renovations currently specialized in the design and production of domestic premises cabinets made from metal and wood but has the scope to expand in many industries which also demand cabinet production. Practically every home and business requires cabinets thus opening up a huge opportunity to expand. SWOT Analysis Strengths Weaknesses Continued High consumer demand Aggressive competitors Cabinet production specialization Rising cost of materials Low cost/ high quality cabinet Requires specialized labour skills Opportunities Threats Ever increasing demand for cabinets Competitors Product line expansion Retaining skilled labour Strategies Canterbury Renovations currently specializes in the manufacture of cabinets which is an industry which offers huge demand but also has the opportunity to expand and undertake other building renovation works(Usigbe, 2015). Cabinets allow for design and production to be made at a different location thus allowing the business to maintain its manufacturing unit outside the city and cut on rental costs as well as secure larger spaces. This helps the business remain competitive and deliver high-quality cabinets to its customers at low cost. Target Market and Positioning Currently, Canterbury Renovations specialized in manufacturing and renovating domestic and residential building cabinets mainly made of wood. The business also has an opportunity to expand its operation in the same area by targeting businesses and industries which also require cabinets and shelving for safe keep and storage of paper work and supplies. In addition to this, the business can also target schools which also offer a high demand for locker cabinets for its students to store their supplies safely(Treacy Wiersema, 2007). Product and Pricing Strategy Canterbury Renovations strategy is to offer high-quality products to its customers at low cost. Being a small business they must focus on delivering high quality and low prices so as to win consumer confidence. Profit margins have been compensated by locating business workshops on city suburbs which allow for rental cost reduction(Schindler Schindler, 2011). Agents visit the customers premises, take all measurement and manufacture the cabinets off site before transporting them back to the customer and installing them as required. Distribution and Promotional Strategy Being a small business and only recently having been started up Canterbury Renovations relies heavily on the social media to market and promote the brand. This allows the business target consumers from their own city and allows them to build a positive relationship with satisfied customers who further recommend the brand(Ferrell Hartline, 2012, p. 149). As the business develops a positive image the website shall be set up. Distribution f finished product and supplies are done using their own delivery van which also has the business name and logo with contact information thus allowing Canterbury Renovations to also advertise their presence while traveling and working. Conclusion Being a small business Canterbury Renovations must focus on keeping their costs low but at the same time, the business must also consider expanding their operation and addressing competitor issues. Labour needs are another major concern which needs addressing as the business must develop a close relationship with skilled labour to ensure long-term relationships and reduce employee turnover. This will help stabilize the businesses operate and allow for steady expansions and growth. Being a product required by all homesteads and businesses Canterbury Renovations has the potential to register aggressive expansion both in the domestic and international market in the future. Bibliography Ferrell, O., Hartline, M. (2012). Marketing Strategy. Mason: Cengage Learning. Griffin, D. (2010). Business with a Purpose: Starting, Building, Managing and Protecting Your New Business. Denver: Easy Brain Labs Inc. Schindler, R., Schindler, R. (2011). Pricing Strategies: A Marketing Approach. London: SAGE. Talbot, M. (2003). Make Your Mission Statement Work: Identify Your Organisation's Values and Live Them Every Day. Oxford: How To Books Ltd. Treacy, M., Wiersema, F. (2007). The Discipline of Market Leaders: Choose Your Customers, Narrow Your Focus, Dominate Your Market. Cambridge: Hachette UK. Usigbe, C. (2015). Business Strategies in Times of Crisis. Xlibris Corporation.

Westpac & Cochlear Limited

Question: Discuss about theWestpac Cochlear Limited. Answer: Basic Background about the Company Westpac Banking Corporation Westpac has been regarded as the second largest bank in Australia in terms of the assets that has been held in by the banks in the country. The company is operational through the help of its headquarters that has been established at Kent Street Sydney. The customer database of the company has crossed the mark of 12.2 million. The company operates through the help of branches whose numbers has crossed the mark of 1200 and has almost 2900 ATMs all across the country. The bank has been operational not only in Australia but has spread its legs in other parts of the world, majorly New Zealand and United states. The operations of the bank have been functioning through the help of the 5 divisions which has its own functions and business areas which in total helps the business to grow and prosper. The Westpac group function through the help of 5 divisions functions its operations: Westpac Retail Business Banking (Westpac RBB): This is the section of the bank that majorly takes care of the small customers majorly the agribusiness customers and small-to-medium enterprise customers. George Banking Group majorly deals with the customers in Australia under the St.George, BankSA, Bank of Melbourne, and RAMS brands. BT Financial Group Australia (BTFG) division of Westpac is held responsible of the wealth and insurance business of the bank. The major products that has been sold in by the BTFG group of the bank includes manufacturing of investment, funds management, retirement and superannuation products, private banking, wealth administration platforms, margin lending, financial planning and broking. Westpac Institutional Bank (WIB) provides services to the institutional, governmental and corporate customers Westpac New Zealand is responsible for providing its services to the customers functioning in New Zealand. Cochlear Limited Cochlear Limited, on the other hand, is an Australian based biotechnology company. This company has been operational initially through the support of the government and has been dealing in the manufacture of Nucleus cochlear implant, the Hybrid electro-acoustic implant and the Baha bone conduction implant. This company in the present day meets out the two third need of the worlds hearing implant market. Forbes has regarded this company as the worlds most innovative companies in the year 2011.The company is popular in America and Europe which takes care of its major sales. The Conceptual Framework and AASB Standard Requirements Westpac Banking Corporation As per the accounting policies that have been replicated by the management of the company in its Annual report, it is evident that the company makes use of the methods and accounting policies that are in accordance with the accounting standards that has been issued in by the Australian Accounting Standards Board and the Corporations Act 2001. The financial statements of the company at the same time comply with the International Accounting Standards Board. If required the comparative figures of the company at the same time has been adjusted in accordance with the changes if any made in the current year numbers based on the changes made by the Australian Accounting Standards Board and the Corporations Act 2001. As per the Annual report of Westpac Banking Corporation 2015 The accounting policies and methods of computation adopted in the financial year were in accordance with the requirements for an authorised deposit-taking institution under the Banking Act 1959 (as amended), Australian Accounting Standards (AAS) and Interpretations as issued by the Australian Accounting Standards Board and the Corporations Act 2001. Westpacs financial statements also comply with International Financial Reporting Standards as issued by the International Accounting Standards Board. Where necessary, comparative figures have been adjusted to conform to changes in presentation in the current period. All amounts have been rounded to the nearest million dollars unless otherwise stated. Screen Shot of the Annual Report Cochlear Limited Similar to the case in Westpac Banking Corporation, the annual report of Cochlear Limited has been prepared in line with the with Australian Accounting Standards (AASBs) adopted by the Australian Accounting Standards Board and the Corporations Act 2001. As per the Annual report of Cochlear Limited 2015 The Financial Report is a general purpose financial report which has been prepared in accordance with Australian Accounting Standards (AASBs) adopted by the Australian Accounting Standards Board and the Corporations Act 2001. The consolidated financial statements comply with International Financial Reporting Standards (IFRS) and Interpretations adopted by the International Accounting Standards Board. Screen Shot of the Annual Report Thus, considering all the above points and statements that we have obtained from the annual report of the company, it is evident that both the companies has complied with the conceptual framework and AASB standard requirements. The extracts that we have obtained from the financial statements of the company demark a true picture that the management of the company not only compiles with Australian Accounting Standards Board, the Corporations Act 2001 and with International Financial Reporting Standards (IFRS). Being in case of both the companies, the audit report that has been provided in by the auditors states that the financial statements of the company provides a true and fair view of the financial position and performance of the company. Further, there has been no demarcation in the financial statements of the company that provides any evidence that the company has not complied up with the provision of Australian Accounting Standards Board and the Corporations Act 2001. Thus, there has been no instance that provides any information which provides any information that both the companies has not complied with the accounting standards. Concept of Prudence As per the concept of prudence, the revenue and the assets in the financial statements of the company should not be overstated in any case by the management. The management s expected to be conservative enough in recognising the numbers in the financial statements of the company. The concept of prudence as result of its very nature has been incorporated in the Generally Accepted Accounting Principles. The prudence guideline is basically of general in nature. The management in this regard is expected to use its best judgement in determining when and how the accounting transaction needs to be recorded in the books. There are multiple cases that we have witnessed in the corporate world that has let to disparity in the Corporate Reporting. As per the definition, the prudence concept keeps a check on the financial numbers of the company. There might be cases where the financial numbers may be manipulated in order to drive the attention of the users of the financial statements who might get affected by the numbers and may impact their decisions of investing in the company. In that case, the role of prudence concept plays a vital role. As result the same has been incorporated in the Generally Accepted Accounting Principles. The prudence guideline is basically of general in nature. The management in this regard is expected to use its best judgement in determining when and how the accounting transaction needs to be recorded in the books. Disclosure Requirements The disclosure requirement of both the companies has been made in line with the applicable accounting standards. Being the nature of business of both the companies are different so in that case, there might be differences in the requirement that has been placed for the purpose of the disclosures. However there might be no difference in terms of application of the standards being both the companies have used the methods and accounting policies that are in accordance with the accounting standards that have been issued in by the Australian Accounting Standards Board and the Corporations Act 2001. The financial statements of the company at the same time comply with the International Accounting Standards Board. Further, in the case of Cochlear Limited, the management of the company is required to make necessary judgement and estimates The application of these is going to impact the accounting policies and the amount of assets, liabilities, revenue and expenses the actual results in this case is likely to differ from the estimates numbers. These estimations and judgement are in line with the IFRS standards. In this case, the company has made necessary disclosure in terms of estimations that has been made in the books. However, in case of Westpac Banking Corporation, the estimation is relatively on a higher side based on the nature of the business that has been carried out by them. The bank is required to make necessary estimates of the future value in terms of funding costs and associated benefits of the derivatives etc. Thus, in both the cases, the approach that has been used for estimation and judgment is different. The level of estimation and judgement is relatively on a higher side in ca se of Westpac bank as compared to Cochlear Limited. Both the companies are required to make disclosures in the books for the segments through which both of them are functioning. However, the nature of the segments may be different depending on the nature of business that has been carried out by them. In case of Cochlear Limited, the segments classification will be based on the nature of the products that has been manufactured by them whereas in case of Westpac Bank, the segments classification will be based on the nature of the services that has been provided by them. In case of Cochlear Limited, the segment classification will be Cochlear implants excluding sound processor upgrade, Sound processor upgrades, Total Cochlear implants, Bone anchored and acoustic implants. Whereas in case of Westpac Bank, the segments will be Westpac Retail Business Banking, St. George Banking Group, BT Financial Group Australia (BTFG), Westpac Institutional Bank (WIB) etc. The presentation of all disclosures that has been made in the books of both the companies is different. In case of Westpac Banking, all the financial numbers are disclosed for half year current year, half year previous year, Full year current year and Full year previous year whereas in case of Cochlear Limited, the disclosure has been made for last two year i.e. current and for the previous year. The disclosure requirement of Earning per share in both the companies is more or less similar. However, there has been one line item i.e. Restricted Share Plan (RSP) treasury shares distributions which is in addition in Westpac bank which is not applicable on the Cochlear Limited. Both the companies are required to make necessary provision in the books for the impairment However, the impairment basis is different for both the companies. The impairment for the Westpac bank is more or less associated with the loan amount that they have provided to the corporate and individuals whereas in case of Cochlear Limited, the impairment is more or less associated with the assets which has been owned in by the company. There has been specific disclosure that has been made in the books of Westpac pertaining to the impaired loans providing clear demarcation of the different nature of loan and the impairment provision that has been made in for each of these loan amounts. Both the companies have made disclosure in the books for the subsequent events that took place after the reporting period However, in case of Cochlear Limited, there has been no major event except the dividend declaration that took place where as in case of Westpac, there has been a list of subsequent event that took place whose impact if required has been taken in the books. Conclusion Both the companies have made the required disclosures and presentation in the books based on the need of the hour. All the disclosures are in line with the accounting standards that have been issued in by the Australian Accounting Standards Board and the Corporations Act 2001. Thus, looking at the annual report, all the points stands positive for both the companies. References Westpac, Basic Background about Westpac, Viewed on 10th Dec 2016, https://www.westpac.com.au/ Cochlear, Basic Background about Cochlear, Viewed on 10th Dec 2016, https://www.cochlear.com/wps/wcm/connect/intl/home Westpac, Vision and mission Statement of Westpac, Viewed on 10th Dec 2016, https://www.westpac.com.au/about-westpac/westpac-group/company-overview/our-strategy-vision/ Westpac, Values of Westpac, Viewed on 10th Dec 2016, https://www.westpac.com.au/docs/pdf/aw/Principles_for_doing_business.pdf Westpac, Annual report of Westpac 2015, Viewed on 10th Dec 2016, https://www.westpac.com.au/docs/pdf/aw/ic/Westpac_FY15_financial_results.pdf Cochlear Limited, Annual report of Cochlear Limited 2015, Viewed on 10th Dec 2016, https://www.cochlear.com/wps/wcm/connect/2a3956c0-f09d-4ce7-a8c9-8b0ddccf1999/en_corporate_annualreport2015_financial_1.54mb.pdf?MOD=AJPERESCONVERT_TO=urlCACHEID=2a3956c0-f09d-4ce7-a8c9-8b0ddccf1999

Why Did I Want To Do A Bio Major Essay Sample?

Why Did I Want To Do A Bio Major Essay Sample?It's often frustrating when you are just getting started with your college studies and are trying to get a basic understanding of what you should be putting in your assignment, or why did I want to do a bio major essay sample? The need for a bio major essay sample is a clear one and many of us are usually not sure how to begin. There are also numerous things that can go wrong during the writing process and you may need to use a few of the many resources that are available to help you.The first thing that you should understand is that you will need to start by searching through excellent examples of writing assignments. These are free resources that you can use to help you determine if what you are doing will be accepted by the college. You can get these from college websites, which typically include information on how to best apply for admission to a college. There are a number of free and paid sources for these resources that you can use as well.One of the main reasons that you should use this information is that you can usually see what you need to write about, including any background information and areas of expertise you may have. This is very helpful for helping you become familiar with how to structure your essay. As you continue along, you may find that there are some formats that you are not comfortable with and that you may need to use. Using an example can also help you get accustomed to using it and then this can help you begin to develop a style and unique sense of composition.Once you have developed a level of comfort with the format, you can then move on to taking your thoughts to the next level by learning how to properly format your work. The essay and the writing that is required will take many forms and it will be important that you understand what all of them mean. There are many rules and strategies that you can utilize and you will find that this will give you a definite advantage when it comes to completing your assignment successfully.You may be wondering how you can become a good writer when you don't have any formal writing training. This is a valid question and the answer is to continue to build your writing skills. Any time that you can benefit from exposure to written materials, you will be able to learn more about how to present your ideas and this can help you become a better writer.When you are looking for tips on how to write a good essay, you should always remember that writing should not only be effective, but it should also be clean and concise. Remember that the purpose of this type of writing is to communicate ideas and thoughts and not to confuse readers. If the essay is too long, or contains lots of unnecessary or complex vocabulary, you may find that this does not provide a good impression of your abilities and should not be included in your assignment.If you want to become a great writer, then you should focus on communicating an idea clearly and power fully. You should try to determine how your students and the people around you would react to the thoughts that you are conveying. This can help you create a great essay that has the necessary impact and will increase your chances of success.Finally, you should be certain that you have all of the correct forms for your bio major essay sample and that they are written correctly. The other thing that you should consider is the overall tone of the essay, which is the entire purpose of it. The wrong choice can hurt your chances of success.

Mayo Clinic Case Study free essay sample

Word of mouth marketing has been our strongest ally and serves as a very powerful tool. In order to create a cohesive marketing research design strategy this memorandum will outline specific key tactics that must be employed. The Mayo Clinic’s CEO and board have decided to increase sales revenues to 100 percent over the next five years and that means we have much work globally to do in order to make that a reality. There will be many facets of the marketing mix that will need to be addressed in order to achieve this goal. The purpose of this marketing research is to gather information about the brand recognition, reputation, and appeal of the Mayo Clinic globally. As a brand we must exude qualities that will appeal to people internationally. There are several fundamental facts that describe why someone should chose the Mayo Clinic. The Mayo Clinic offers over 100 years of medical tertiary and quaternary care from civilians to world leaders. We will write a custom essay sample on Mayo Clinic Case Study or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The Mayo Clinic was founded by globetrotting specialized physicians who were looking to establish an advanced standard of medical care by consulting with other physicians internationally. The Mayo Clinic is focused on delivering exceptional care that knows no borders. We also need to establish and position our strongest attribute in the global markets as being the experience one encounters here at The Mayo Clinic. Our brand is based on knowledge and superior care. Through explanations, listening, interpretation, multi-lingual, and listening to the consumers is what the experience here at The Mayo Clinic entails. In order to improve our sales so exceptionally in five years we must utilize specific market research strategies. We must continue to monitor patient satisfaction with studies to assess the perception of the care received. When surveying patients a high level of attention to detail should be maintained. International data collection can offer many challenges and thus the quality and structure of our satisfaction surveys must be markedly superior to ensure reliable information is returned. Word of mouth marketing has been an asset and that penetrates all cultures. Our cultural adaptability must remain a focus while conducting marketing research. The ultimate goal is to be THE choice of medical care internationally. Formal focus groups are useful in collection of in-depth information. We can learn how well the clinic is known in a specific region and how people are influenced to choose The Mayo Clinic. Health insurance that includes our care as part of their policy does not innately encourage a patient to choose us, in fact one of our studies proved that some insurance holders who had The Mayo Clinic as an included resource had no knowledge of the clinic. Face-to-face interviews with health insurance policy holders revealed the aforementioned. Telephone interviews are effective in certain countries and discounted in others, please refer to our marketing research by region listing to determine if this method is the right choice for the location you will be researching. Clinical trials and sponsorships like fundraising walks can prove to be important marketing research tools. Some things to keep in mind when conducting strategic marketing research include cultural influences, geographic location, and current awareness of the  brand. We must chose to conduct research in markets that have potential to supply patients that would benefit from services of our clinic. In this way observational research can be a tool within a tool, we can observe before we decide what method that particular market best will respond to. After identifying the market to be researched you must obtain the trust of the people you will be interacting with and communicate the advantages that The Mayo Clinic provides. Extensive research using both primary and secondary methods in target markets allow a better understanding and more reliable data to be extracted and analyzed. Generally we will conduct research both through vendors and ourselves, this is a combination of primary and secondary methods though primary research will prove more investigative and tailored to fit our needs. A mix of qualitative and quantitative data will be collected. To review the strategy as discussed in the meeting we will identify largest potential markets for international healthcare and target those markets for research. Next we must identify the most effective means of communication of the benefits our clinic offers in that area. When conducting secondary research choose reputable reports. When conducting primary research gain the trust of the community and conduct interviews and create focus groups. Finally our joint effort if done effectively will increase sales revenue as desired. Please promptly review this memo and your notes from our meeting and employ learned tactics.

Modem installation essays

Modem installation essays The Internet has revolutionized our era and in order to hook up to the net, the primary device required is a modem. A modem is a phone line that connects to the computer and can serve as multiple purposes; however. The most well known purpose for a modem is for the Internet. Most people think that installing a modem is a complex feat. Though In reality, it is really not. Installing a modem consists of two major parts and if I can learn these easy steps than anyone can. The first major step to installing a modem is the collection of all the tools. To commence, you should go to an electronics store and purchase a modem. I personally recommend going to Best Buy or Comp USA. The technology so far has authorized the modem speed to go from 28.8k all the way to 56k and, of course, the higher the speed is the higher the price. Decent quality 56k modems usually range from somewhere between $110 to $130 dollars. I prefer getting a higher quality modem, for it will last longer. Anyway, at the store ask the employee to direct you to the aisle of the modems. After inquiring all the modems, pick the one you like best. You also can ask the employees for their opinion. After purchasing the modem, you will then need a Phillips screw driver. Go to any tool store to acquire this item. Most computers use Phillips screwdriver, but if you have one of those generic computer that sometimes use a flat head, then you should purchase one of those. You now have all the necessary materials needed to start the installation. The next major step to installing a modem is to secure it inside the computer and prepare it for use. Before actually starting, make sure the power of the computer is turned off and that it isnt plugged in. if the computer had been left on, turn it off, unplug it, and wait a few minutes. This will cause the circuits inside the computer to discharge their electricity. After this step is completed, the ne...

The Legacy of a Nation Essay Example | Topics and Well Written Essays - 1000 words

The Legacy of a Nation - Essay Example Freedom, more than any other concept, defines what it means to be an American. Self-rule is closely associated with freedom, but also has the notion of the power residing in the hands of the people. Colonists, forced to turn to community government in the face of British absenteeism, established a legacy that persists today. Our free elections are the vehicle that we use to continue to celebrate this legacy. No public official is any more powerful than the public they serve. The legacies of freedom and self rule have demanded a responsibility that we find in the Puritan inspired legacy of hard work, honesty, and family. The commitment to these ideals has lasted for centuries. Americans continue to believe in these basic values taught by the Puritans and embraced by such American icons as Ben Franklin. Even in the face of technology and MTV, our legacy is the conservative value of deliberate effort to exact an honest output. While these legacies bring us great pride, there are some darker sides to America's legacy for the present. Slavery that began in the colonies continued well into the 19th century. The remnants and impact continues to show in institutional prejudice and individual bias. This is a legacy that we have struggled with through the civil rights movement and personal introspection. Most Americans meet our challenging legacies by reaching for another of our nation's indelible character traits. The legacy of exploration and conquering adds personal strength to anyone who has knowledge of our nation's past. Though we may not explore the open and unsettled territories as in the past, America has a unique perspective that allows it to take action on social and international issues that confront us. America can face the unknown and the untraveled road of the future. Justice, fairness, and the rule of law are where these legacies are held fast and allowed to endure. America may seem to move at a slow and almost plodding pace. That is the speed of contemplation and examination. It is our courts and our legislatures that have exemplified a legacy brought from many European countries that says America has a legacy to live up to, and it can not be hurried. America's greatest strengths are drawn from the legacies of history. The wisdom and morality of men and women of the past continue to pull us into the future. They give us the courage to face our darker legacies without defense and without fear. Our legacies are the role model for people around the world to look to for hope and inspiration. They define us and make our citizens uniquely America. D James Kennedy: A Christian and Protestant Nation In his sermon "God and Country" preacher D. James Kennedy asserted that, "The proposition that the U.S. are a Christian and Protestant nation, is not so much the assertion of a principle as the statement of fact.". Kennedy has struck the chord that has united this nation since colonial days. The country was founded not only on freedom of religion, but also with a strong diversity and tolerance of faith. In August 1748, John Kurtz was examined and ordained as a minister at the founding of the Lutheran presence in America. Kurtz practiced his ministry under the discipline of "Pietism" founded by Pastor Philip Jacob Spener. When he founded the movement some 80

Steps you can take to make online system safe for customers Research Paper

Steps you can take to make online system safe for customers - Research Paper Example The sectors which were highly benefitted with the advancement of technology include healthcare, education, communication and retail business. In spite of having so many positive elements, technology still suffers from certain flaw which involves too much dependency on technology which in turn lessens the value of human labors. However, the biggest disadvantage of technology that has become a topic of discussion these days refers to the security threats faced by the users of the advanced technologies. We shall discuss further how to overcome these threats from the viewpoint of an IT manager of an organization. Steps to ensure secured online transaction for the customers According to the Computer Crime and Security Survey of 2009- 2010, Malware infection was regarded as the most common type of security attack, with almost 67.1% people reporting it. Also around 45.6% of the people reported that they had been the target of at least one security threat. Many had faced financial losses due to poor security system and therefore they didn’t mention the amount of loss they had suffered. These incidents however make the general people aware as well as lose confidence in the benefits of online business opportunities. The various business organizations are continuously making efforts to make the customers feel secured from the potential threats that might arise from cyber crimes. For this purpose, the organizations have taken several steps which are inevitably influenced by the guidelines of Organization for Economic Co-operation and Development (OECD). The steps include- 1. Accountability- The first and foremost step towards a secured technology structure would involve the accountability of the providers, owners and customers towards the security of the system. Anything doubtful should be immediately communicated. 2. Awareness- In order to encourage increased and safe usage of technology, its expected from the owners, customers and service providers that they shoul d be informed and aware about the existence and limit of security measures available in an organization. They should be alert while using their accounts and should not forget to sign out each time after their work is done. 3. Ethics- The owners of the organizations as well as the service providers should follow an ethical code of conduct in which, if a customer is found unaware of the technology threats, they should be taken proper care of by guiding them throughout the entire procedure. 4. Multidisciplinary- The security measures should be formed keeping in consideration the fields of law, society, technology, education, administration and politics, so that the system becomes safe in all terms letting the customers to trust the organization with confidence. (Loader and Thomas, 1) 5. Timeliness- When the customer finds anything suspicious, then, their issues need to be addressed instantly. Delay and negligence might cause the cyber crime to take place and then the customer would nev er trust online transaction any more. 6. Antivirus software- The system of the organization should be secured with the implementation of software that detects potential threats including virus, spam and firewall. 7. Encryption of software- Encryption is the process of specially encoding the data in a system which is impossible to access without the exact key or code. This can be done with the appointment of expert software professionals. An encrypted