Innovation Assignment - Free Essay Example

Sample details Pages: 9 Words: 2843 Downloads: 6 Date added: 2017/06/26 Category IT Essay Type Research paper Did you like this example? Ans: 1 à ¢Ã¢â€š ¬Ã…“Innovation is generation which can accept and realize new ideas products or services. à ¢Ã¢â€š ¬Ã‹Å"à ¢Ã¢â€š ¬Ã¢â€ž ¢Ãƒ ¢Ã¢â€š ¬Ã…“Innovation differs from improvement in that innovation refer to the notion of doing something different rather than doing the same thing better. à ¢Ã¢â€š ¬Ã‹Å"à ¢Ã¢â€š ¬Ã¢â€ž ¢ For example: In the most recent 6 years, the worldwide portable telecoms industry has been formed by the presentation of 4G LTE innovation. Don’t waste time! Our writers will create an original "Innovation Assignment" essay for you Create order This versatile innovation has changed the way we impart, as well as influenced our lives in a wide range of courses from the sort of media we watch to the measure of gadgets we purchase. Because of this, the quantity of arrangements and memberships of 4G have been blasting in the most recent two years, Vision gain computes that somewhere around 2012 and 2014 the quantity of 4G LTE memberships expanded by very nearly five times, as the Chinese sending of 4G fundamentally changed the worldwide market in 2014. E-business has changed the retail division with enormous hitters, for example, Amazon in the US, Alibaba in China and Rakuten in Japan giving shoppers access to an endless exhibit of items less nosy grindstones, for example, human communication. Ans 2. Invention includes the formation of new things from new thoughts while innovation is the acquaintance of new ideas, with enhance what as of now exists. Inventions for this situation may be licensed not at all like innovatio ns which are intended to be utilized by people in general to enhance existing thoughts. Invention is concerned with a particular item while innovation addresses an extensive variety of concern looking to better them. window 8 Computers The thought for a invention may be produced on paper or on a Computer, by composing or drawing, by experimentation, by making models, by experimenting, by testing and/or by making the invention in its entire structure. Conceptualizing likewise can start new thoughts for a invention. Collaborative creative procedures are habitually utilized by architects, creators, engineers and researchers. Co-innovators are every now and again named on licenses. Ans 3. Invention : an invention includes the typifying of an item thought into and object that is new has utility. Invention includes new thoughts new revelations. These are produced by means of procedure of experimentation to touch base at a workable development this ordinarily structures a piece o f the exploration component and advancement. Example: On 10th March 1875 Alexander Graham Bell and his assistant Mr Watson held the first ever conversation on the telephone. Excited by their discovery they demonstrated their invention to senior executives at Western Union. A few days later they received the following response à ¢Ã¢â€š ¬Ã…“after careful consideration which is interesting as a novelty, we have come to the conclusion that it has no commercial possibilitieswe see no future for an electrical toyà ¢Ã¢â€š ¬Ã‚ . Within 4 years there were 50,000 telephones in the US and within 20 years there were 5 million. During this time, the company that Bell formed, American Telephone and Telegraph (ATT) became the largest corporation in the US. The original patent number (174455) became the single most valuable patent in history. Commercialization = is the procedure or cycle of presenting another item or generation system into the business sector dining another item spent f or promoting deals advancement and other showcasing endeavours. Commercialization includes a scope of business exercises, for example, showcasing association and account these are obliged to set up the development for business sector. Example: I phone à ¢Ã¢â€š ¬Ã…“explosion of I Phone applicationsà ¢Ã¢â€š ¬Ã‚  from Naught on 2008. Diffusion = Diffusion is a procedure where atoms from an exceptionally focused zone move to a place where there are less particles. It is an unconstrained and programmed procedure that conveys oxygen to the blood in the lungs and oxygen from the blood to whatever is left of the body tissues. Example: Pliny the Elderhad previously described thecementation processwhich produces steel from the element iron through carbon diffusion. Another example is well known for many centuries, the diffusion of colours ofstained glassorearthenwareandChinese ceramics. Ans 4. The Business models is perceive to be the key to unlocking the new opportunities created on the market. It is a enabling device, that is a tool, that allows inventors to profit their ideas and inventions. Business models innovation refers to the creation, or reinvention, of a business itself. Whereas innovation is more typically seen in the form of a new product or service offering, a business model innovation results in an entirely different type of company that competes not only on the value proposition of its offering, but aligns its profit formula, resources and processes to enhance that value proposition, capture new market segments and alienate competitors. The Business models is perceive to be the key to opening the new open doors made available in the market. It is an empowering gadget, that is an instrument, that permits creators to benefit their thoughts and inventions. Business models innovation refers to the creation, or rehash, of a business itself. Though innovation is all the more normally found as another item or administration offering , a business model innovation brings about an altogether diverse kind of organization that contends not just on the worth recommendation of its putting forth, however adjusts its benefit equation, assets and procedures to improve that esteem suggestion, catch new market sections and distance contenders. Ans 5 In innovation is three type of different form. Product (2) Service (3) process. (1)Product: An item is the thing offered available to be purchased. An item can be a service or an item. It can be physical or in virtual or digital structure. Each item is made at an expense and each is sold at a cost. The value that can be charged relies on upon the business sector, the quality, the advertising and the portion that is focused on. Every item has a valuable life after which it needs substitution, and an existence cycle after which it must be re-created. In FMCG speech, a brand can be redone, re-dispatched or reached out to make it more pertinent to the section and times, regularly keeping the item just about the same. Example: Computer, Mobile phone, TV, car, audio. (2)Service: A Service is a situated of activities or arrangements that are put set up or are performed to give a repeatable and predictable arrangement of results, deliverables, and execution for individuals, organizations and systems that speak to purchasers or recipients of such results. Example: Network service provider, internet service provider, healthcare, council. (3)Process: In contrast produce product and service order to utilise a process. Implementing new or significantly improved production often has an even bigger impact on society than service innovation the prising standard of living that the world has enjoyed since the industrial revaluation In contrast deliver item and service request to use a procedure. Executing new or significantly enhanced generation regularly has a considerably greater effect on society than administration advancement the prising way of life that the world has appreciated subsequent to the modern revaluation. Example: Method of education, System of Internet Banking, new equipment for new technology. Ans 6 Various types of innovation require various types of organisational environment and distinctive managerial abilities. Each represents to an alternate test: incremental innovation challenges the organizations customary controls, while progressive and building advancement challenges the organizations methodology and controls. Three kind of structure is (1) Product (2) Service (3) Process Administration structure is pulling in clients: Every organization gives some level of administration. Contrasts in administration quality can be depicted as a distinction in degree. A distinction in degree is something everybody shows improvement over others. The appalling certainty is individuals on the less than desirable end have some major snags seeing contrasts in degree. That, as well as since contrasts in degree frequently relate with actually many administration levels, they have a tendency to be extremely lavish to move forward. Endeavours to upgrading contrasts in degree are regularly interests in better equivalence. In any case, not all distinctions are made equivalent. Individuals have a simple time seeing a distinction in kind. A distinction in kind is something I get from one that I dont get from another; ità ¢Ã¢â€š ¬Ã¢â€ž ¢s in a broad sense distinctive and may even catch me off guard. Practically every case of organizations that have separated in view of administration (e.g., Amazon, Zippos, Container Store, Starbucks, and so forthà ¢Ã¢â€š ¬Ã‚ ¦ ), do as such with a moderately little number of contrasts in kind not only countless in degree. The uplifting news is that making a little number of contrasts in kind doesnt essential cost as much as inclining up countless in degree. Ans 7: Innovation is four types Incremental Innovation: Incremental innovation refines and enhances a current configuration, through upgrades in the parts. On the other, hand it is essential to stretch these are enhancements not changes, the segments are not profoundly adjusted. Incremental innovation are the commonest. Progressive upgrades in information and materials lead to most items and administrations being upgraded over the long haul. However these upgrades commonly take the type of refinements in segments instead of changes in the framework. Example: Googles arrival of Gmail, proclaimed by numerous as the best web mail administration, is an illustration of such commitment to incremental innovation. At the point when Gmail dispatched it had a constrained list of capabilities yet did one thing exceptionally all around, conveyed email. Not at all like contenders it was clean and simple to use with no diverting blaze promotions and various interface upgrades. Over the long run Google discharged more components and improved the service, speedier, and less demanding to utilize. A long time later Gmail was taken out of beta lastly recorded as being complete, however right up til today upgrades keep on happening. The organization has utilized this literally the same approach various times with their new items, from their Maps administration to the browser Chrome. (2)Radical innovation: However, if the idea of innovation is tricky, precisely what constitutes radical innovation is much all the more so. Amongst both Academics and professionals, meanings of radical development can shift generally, especially when the term is connected to the broadly challenged field of manageability. Numerous contend essentially that radical development must convey a stage change in execution change if supportable advancement is to be figured it out. Then again others contend that restricting the centre of innovation to execution changes. Example: Flat screen TV use LCD, Jet engine à ¢Ã¢â€š ¬Ã¢â‚¬Å" gas turbine, MP3 à ¢Ã¢â€š ¬Ã¢â‚¬Å" MP3 documents Most of 10% innovations are radical. The changes regularly prompt times of extensive uncertainly, maybe with contending plans and expanded competition. (3) Modular Innovation: The individual s can easily share their information, send out it, import it, and alter protection, across different social networks, items and different situations. Their information gets to be particular, adaptable, and compact. Clients experience comprises of numerous modules that make up their aggregate client experience. Substance and usefulness are completely decentralized over these modules, every giving a solitary or little arrangement of capacities or encounters, are the restrictive stages, and engage the individuals, the clients of experience. Example: iPod (First was radical, however Apple create new form with new size and shading) Modular Innovation can be quickly depicted as the items and stages comprising of or encouraging. (1)Relationships (human individuals, items, human items) (2)Control of Experience (from creation to capacity to association) (3)Ownership of Content (individual substance from remarks to companion records and then some) (4) Architectural innovation: Includes new technology arrangement of generation and thus opens up new linkages to businesses and clients it is described by the making of new market. Innovation of this sort characterizes the fundamental design of item specialized and showcasing. With engineering innovation, the segments and related outline ideas stay unaltered, however, the arrangement of the framework. Example: The Sony Walkman gives a decent case of structural innovation. The Walkman when it first turned out was an exceedingly innovative new item, however it included 60 practically no new technologies. All the fundamental segments that went into the Walkman were attempted and tried having been utilized on a mixed bag if different items. Compact sound recording devices that could both play and record music had been available for a long time. Fashioners at Sony, began with a current little sound tape recording device, the Pressman (Henry and Walker, 1991), a little lightweight recording device intended for pre ss columnists. They continued to uproot the recording hardware and the speakers, and included a little stereo speaker. An arrangement of lightweight earphones finished the bundle. Since there were no speakers the new machine required substantially less power. The unlucky deficiency of speakers implied it could be made much littler while the way that it required a great deal less power implied it could utilize just little batteries making it all that much lighter. Along these lines an altogether different sort of framework with an altogether different sort of construction modelling started to develop. Thus the Walkman was borne. It was new kind of sound item. It was an individual stereo that empower its young, versatile clients to listen to music at whatever point and wherever they needed, and without being bugged by more seasoned eras worried about clamour. Source: Sanderson and Uzmeri (1995) Ans 8 Herd behaviour describes how people in a gathering can act together without arr anged direction. At the point when creatures share in herd behaviour, for instance in a risky circumstance, every individual gathering part lessens the threat to itself by relocating as close as could be allowed to the focal point of the escaping gathering. The herd thus shows up as a unit in moving together, yet this activity rises up out of the clumsy conduct of self-serving people. Herd behaviour is recognized from herd mindset on the grounds that it applies to all animals, while the term attitude suggests a particularly human sensation. Herd attitude suggests a trepidation based response to companion weight which makes people act with a specific end goal to abstain from feeling deserted from the gathering, i.e. to embrace certain practices and take after patterns. Herd mentality is additionally now and again known as à ¢Ã¢â€š ¬Ã…“mob mentality.à ¢Ã¢â€š ¬Ã‚  In the setting of innovation, both companion weight and similarity may show contrarily. Congruity is about the i mpacts relating to the development and maintenance of à ¢Ã¢â€š ¬Ã…“business as usual standards and helps organizations work easily and typically by means of the self-disposal of practices seen as in spite of unwritten principles. In this sense, it can be seen as a negative drive that avoids demonstrations that are perceptually problematic or perilous, something genuinely creative organizations joyfully grasp. Since similarity is a gathering wonder, components, for example, gathering size, unanimity, union, status, former duty, and general feeling help focus the level of congruity an individual presentations. In the context of innovation, both peer pressure and conformity may manifest negatively. Conformity is about the influences pertaining to the formation and maintenance of à ¢Ã¢â€š ¬Ã…“business as usualà ¢Ã¢â€š ¬Ã‚  norms, and helps companies function smoothly and predictably via the self-elimination of behaviours seen as contrary to unwritten rules. In this sense, it can be perceived as a negative force that prevents acts that are perceptually disruptive or dangerous, something truly innovative companies happily embrace. Because conformity is a group phenomenon, factors such as group size, unanimity, cohesion, status, prior commitment, and public opinion help determine the level of conformity an individual displays. Ans 9 None of the types of innovation outlined using this framework is entirely watertight. Inevitably there is overlap and there will be many occasions when it is a matter of judgement as to which category an innovation should be placed in. However, this is not really an issue. This study provides a conceptual framework with respect to service innovation, especially from a service perspective. Even though innovation has discussed as one of the most critical elements in enhancing the competitiveness of service. Categories and particular this form helps to show that innovation are not identical categorizing innovations in this w ays can also help to show that the influence of technology and change can vary considerably technology works in a verity of ways however its impact differ when applied to whole system or when for comparison is to individual components of categorization has a predictive power such that those evaluate the potential impact of a particular innovation Distinguishing four different types of innovation can also help to explain why the responses of firms to the introduction of new technology will often vary. Technology effect a rapid of a new technology Because it is likely to rein force the competitive position of incumbent manufactures other hand if the technology leads to system changes and introduction of new architecture incumbents are less to be happy about changes as their position will be eroded. There was a multiplicity of competing. They need to recognise that the dominant design that does eventually emerge is not always technically to its rivals. Bibliography (n.d.). Retrieved from https://www.google.co.nz/url?sa=trct=jq=esrc=ssource=webcd=4cad=rjauact=8ved=0CDMQFjADurl=http%3A%2F%2Fhighered.mheducation.com%2Fsites%2Fdl%2Ffree%2F0077108612%2F316020%2FChapter02.pdfei=vhVuVcfaC8XUmAXooYDYDwusg=AFQjCNH_liEnmfB19SOR0UM-A4X7pX. (n.d.). Retrieved from https://www.innovationmanagement.se/imtool-articles/how-human-behavior-can-skew-innovation/. 703 Innovation Management Page 1 of 10

The Theory Of Keynesian Economics - 916 Words

Introduction During the Great Depression in the 1930’s â€Å"classical theory had difficulty in explaining why the depression kept getting worse† (Cheung, n.d., para. 1). Many economists have attempted to develop theories that help to explain changing circumstances and why things kept getting worse. John Maynard Keynes, a British economist also known as the founder of macroeconomics, saw this as an opportunity and began to develop alternative ideas. His alternative ideas led to the idea of Keynesian economics. What is Keynesian Economics? Keynesian economics was used to manage the economy for roughly forty years until around 1970. â€Å"The main plank of Keynes’s theory, which has come to bear his name, is the asser-tion that aggregate†¦show more content†¦3). In order for there to be full employment or lower unemployment rates the demand of goods needed to remain constant. In order for demand to increase it had to come from the economy’s output of goods and services. â€Å"An economy’s output of goods and services is the sum of four components: consumption, investment, government purchases, and net exports (the difference between what a country sells to and buys from foreign countries)† (Jahan et al., 2014, para. 4). If savings was more than that of investments, there would be inflation. On the other hand, Keynes stated that if more went into investments than savings there would be a recession in the economy. This would mean that consumers would spend less, causing businesses to invest less in the market. Other well-known economist, such as Adam Smith who felt that government should play no role in the market, Keynes felt that state intervention was the solution to this problem. According to Keynes, state intervention was necessary to â€Å"moderate the booms and busts in e co-nomic activity, otherwise known as the business cycle† (Jahan et al., 2014, para. 4). Keynesian felt that state intervention would promote full employment and price stability and more specifi-cally, â€Å"governments should borrow money and boost demand by pushing the money into the economy. Once the economy recovered, and was expanding again, governments should pay back the loans† (John

Accounting Information Systems Australian -Myassignmenthelp.Com

Question: Discuss About The Accounting Information Systems Australian? Answer: Introduction The review of background information relating to Intrepid Travel is a good indicator that the company has a global influence in tourism and travel industry. The purpose of this report is to critically analyze sustainable management and marketing for Intrepid Travel Company. The company has managed to provide services to numerous countries across the globe. This report will narrow down to management analysis of Intrepid Travel Company in Australia. As indicated in the background, Australia is the grass root for this company before globalization (Blaxtel, Hughes Tight, 2006). The report will analyze the importance of the company to the Australian and International Business Landscape. We also aim at focusing our analysis on its international business environment as well as funnel the analysis to Australian base. Several sustainable strategies will be incorporated in the analysis through relevant theory, human resource management, value chain and technological controls, leadership, plan ning and strategy. As a growing company, it is also important to focus on future growth and development. Future management strategies will also be applied in recommending better operations for Intrepid Travel Company. The style of travel applied by Intrepid is referred as Responsible Travel. This is a clear reflection of core purposes and objectives that the company have put into consideration. In this research report, we demonstrated how the company apply key features of this travel style (Bell, 2005). It also aims at initiating a reliable management Analysis for Australia based on the following key characteristics of Intrepid Travel. Intrepid Travel is a grass roots travel that apply all forms of local public transport systems. It also apply small scale locally owned accommodation, local restaurants as well as marketing for dinning. Western leaders who facilitated companys value were the main employees (Sampson, 2013). The company also employ local guides in order to assist traveller on local culture and etiquette. The maximum number of traveller in this travel type is 12. This enable these travellers to experience cultural grass roots and create wider opportunities for cross-cultural understanding. The information above will be appropriate to lay down our management analysis for Intrepid Travel in Australia. Importance of the company to the Australia and International Business Landscape A company whose main objectives are to enhance growth and development need to have a business approach strategy. Intrepid Travel Company is one of the major companies in Australian and International Business Landscape. There are a lot of benefits generated by this company towards economic growth of Australia (Sampson, 2013). From business point of view, the company contributes revenue to Australia through travelling services that attract numerous tourists from all parts of the globe. Tourism sector is one the major pillars of economy in Australia. A lot of foreign exchange is generated from tour and travel services. In that case, Australia ranks Intrepid Travel Company as one of core Partners towards business development and economic growth. Travelling in Intrepid is different from other forms of transport. The company endeavor to provide tourists and travelers with authentic experience in their life time (Dunn Norton, 2013). This approach attract a lot of tourists in Australia. Acc ommodation and traditional approaches applied by Intrepid Travel are unique. Therefore, the company also contribute much in maintaining Australian traditions and culture. Many travelers enjoy visiting farm stay, bush camp and cabin. This is beneficial to Australia for rural development program. Australian native food is another experience for traveler who chose Intrepid Travel (Hausman, 2007). Australia has a lot of edible plant species that travelers enjoy. This is another benefit to Australia. Culture is very important to any country. In that case, native food is part of Australian culture that Intrepid Travel have managed to maintain. Another business aspect in business landscape contributed by Intrepid Travel in Australia is employment. The rate of unemployment in developing countries is alarming. It is very important to seize opportunities that can reduce unemployment. In Australia, the company has managed to employ thousands of workers in order to provide service to thousands of travelers and tourists in Australia and other parts of the globe. Over 2,000 employees have been absorbed by Intrepid Travel Company in Australia alone (Holmes, Hughes, Mair Carlsen, 2015). This is a significant contribution to business landscape in Australia. With many people working in Intrepid Travel, Australian government is likely to collect more revenue via taxation systems. This will enhance provision of incentives to other business opportunities in Australia. At international business landscape, contributions of Intrepid Travel Company are very clear. More than 120 countries across the globe are operating via this company. This is a key performance indicator of an international company. More than 8,000 worker have been employed through this program across all parts of the globe (Krugman, Obstfeld Melitz, 2012). Thus, the company have played a very important role in business development and international relation. Continents have managed to work together so as to develop business concepts in travelling and tourism industry. Foreign exchange is part of business growth that the company managed to empower over the years. Intrepid Travel Company has also contributed to import and export of commodities. This is a great achievement towards business development. Many investors have managed to travel from one country to another in order to search for better business gaps and opportunities (Kotler, Bowen Makens, 2010). In that case, international community benefit from development projects initiated by this investors. A lot of gratitude goes to Intrepid Travel Company for making the world a globe village. It is possible to venture different environments so as to innovate better business ideas. The company offer a maximum of 12 travelers. In that case, it become easy for investors with similar mindsets top meet as they venture new business opportunities. At international airport services, contributions of Intrepid Travel Company are very clear. The company provide all the requirements to facilitate travelling. Insurance policies, passports, visas and other travelling documents are provided with ease at Intrepid Travel. As part of the program, travel insurance at the company is compulsory (Marshall, 2013). This is very important so as to cater several services such as medical expenses, emergency repatriation, to cover cancellation and personal liabilities. This program has made many travelers to prefer this company over other travelling agencies. Australia transport authorities have ranked the company as the most convenient way to travel within Australia as well as outside the country. This is a clear view that the company business profile and provision of services are unquestionable. Sustainability strategies It is very important for a business oriented company to set long term business strategies so as to facilitate growth and development. It is also important to guarantee sustainability of business operations in both short run and long run (McKenzie Pharoah, 2009). Intrepid Travel Company has operated in travelling and tourism industry for more than two decades. Each year, the company achieve more progress in business operations. It is not easy to maintain upward trend in business growth and development. The contributing factor toward the upward trend in this company is based in sustainability strategies applied by the company in different domains. These aspects include proper planning and strategy, appropriate organizing, leading and controlling, human resource management, leadership, controlling the value chain and technology. These aspects have contributed to sustainability practice that the company implemented since that day it was formed in Australia. Relevant theory The operations of Intrepid Travel Company are laid down on consistency theory (Reece and Walker, 2007). This is because the mode of operations since initiation stage has been consistent. That is, provision of responsible travel to clients. With consistent improvements, the company still remain on top of travel agencies in Australia and other parts of the globe. Traveler are aware of the requirements and services offered by the company. This build confidence from both sides. In that case, the company benefits from revenue collection while travelers benefits from quality services provided by the company. Through consistency, businesses are able to attract potential customers. Strategies applied by the company There are two main strategies applied by Intrepid Travel Company towards enhancing their operations. First, the company provide unique services during travelling periods. This unique approach attract numerous travelers from Australia and international community. The company provide cultural native food from Australia which attract many tourists (Malin Maidment, 2003). The company also provide accommodation and hotel services to their clients. This is a unique way to cater for travelers. Another strategy applied by the company is responsible travel to all the travelers. This strategy apply travel insurance policy. Insurance policy in the company are compulsory for any individual or group of people planning to take a trip (Sampson, 2013). This policy act as a guarantee that the trip will be safe and under responsible service provider. Travel insurance policy cater for medical expenses during travelling, cater for damages in case the trip is cancelled. This is strategy that make travelers comfortable and confident when moving from one place to another. Lastly, the maximum number of traveler in any particular trip is 12. This offer a remarkable chance for family vacations to various destinations such as tourism areas. Roles of planning and organising Due to numerous travelers who indicate their travelling interest via this company, proper planning and organizing become a priority. The company employed a team of travel analysts who plan travelling schedules for all trips taking place in Australia and other parts of the globe. This ensures that clients are scheduled for travel without delay. These analyst apply waiting time statistical tool that apply exponential distribution and Poisson distribution (Sanders Tamma, 2015). This help in organizing traveling time as part of stochastic process. Human resource management Intrepid Travel Company is one of major employers in Australia and across the globe. There are over 8,000 employees. Due to technological advancement in travelling industry, the company keep recruiting qualified skilled individuals to assist in planning and controlling. These experts assist in formulating booking strategies (Secker, 2010). Again, due to increase in competition, the company recruited financial and investment analysts so as to ensure the company remain relevant in the market. Leadership Leadership in any business operation need to be based on authentic leadership. The company has a team of leaders who oversee the operations carried out across all outlets. These leaders have a responsibility to ensure smooth operations in all travelling terminals (Slaper Hall, 2011). They also collect feedbacks from clients so as to develop more strategies that satisfy the clients. Leaders in this company work closely with other employees so as to maintain the mission of the company. These leaders are vetted by Australian Transport Agency so as to verify their authenticity in leadership. Controlling value chain and technology The company ensure smooth flow of travelers during all periods of the year. The company have managed to provide over 800 trips in each continent each year. Thus, the value of this company tends to increase each year. On the other hand, through technological advancement, traveler need not visit companys offices to book for a trip. The company has developed a booking site where travelers indicate their desired destinations in a given point in time (Daft, 2015). This technology is convenient in time saving and costs. Payments are also made via m-commerce. Future strategic management Intrepid Travel Company can apply three major management strategies towards enhancing a more responsible travel. Increase carrying capacity from 12 travellers to 20 travellers. This strategy will contribute to a better yield per trip. Initiate an insurance policy to cover other family members when travelling. This implies that a family require a single insurance cover during travelling. This will attract more customers. Human resource management should be empowered to hire experts from different parts of Australia and outside Australia so as to assist in planning and organising. Recommendations There company has achieved a lot of process since 1989. However, more developing aspects need to be laid down so as to enhance economic progress and quality service to all travelers. The following recommendations will be appropriate for Intrepid Travel Company. The company should work together with tourism sites so as to gain extra commission. For every tourist the company bring to tourism site, the company should get a commission of 10% from revenue charged from a particular tourist. This will act as motivating factor for the company. More technological advancements need to be initiated. There should more booking sites for travellers. This is enhancing customer obsession through putting their priorities first in all marketing initiatives. Brand positioning. This should be done via increasing sales opportunities via brand awareness and positioning in Australia (Fletcher, 2012). Again, the industry marketing executive needs to ensure the company group brands are well positioned both internally and externally. Conclusion In business operations, it is all about strategic planning and organizing. Intrepid Travel Company have managed to move from humble beginning to remarkable levels. If the company implement the future strategic management plan, the more growth will be achieved (Hitt, 2014). The recommendations asserted in this report is a clear indicator that the sky is the limit. The company has a wider growth and development path. All the departments need to work together so as to promote sustainability practices, leadership, planning, organizing and control. The Australian and international business landscape will fully benefit from all the laid down strategies and recommendations. References Bell, j. (2005) Doing your research project: a guide for first time researchers in education, health and social science. Berkshire: Open University Press. Pg. 56-65. Blaxtel, L., Hughes, C., Tight, M. (2006) How to research. 3rd ed. Berkshire: Open University Press. Pg. 76-95. Daft, R.L. (2015) Management. South Western College Pub. Pg. 79-85. Dann, S., Dann, S. (2004)Strategic Internet Marketing. Brisbane: John Wiley Sons. Pg. 9-15. Dann, S., Dann, S. (2007) Competitive marketing strategy. Frenchs Forest, NSW: Pearson Education. Pg. 179-185. Dunn, E.W Norton, M.I. (2013) How to make giving feel good, viewed 19 January 2017, https://greatergood.berkeley.edu/article/item/how_to_make_giving_feel_good Fletcher, F. (2012) Business Problem Solving. Routledge. Pg. 29-45. Hausman, D. M. (Ed.). (2007) The philosophy of economics: An anthology. 3rd ed. Cambridge: Cambridge University Press. Pg. 111-117. Hitt, M.A. (2014) Strategic Management: Concept, Competitiveness and Globalization. South-Western College Pub. Pg. 119-125. Holmes, K, Hughes, M, Mair, J Carlsen, J. (2015) Events and sustainability.1st edition. Abingdon: Routledge. Pg. 7-25. Kotler, P, Bowen, J Makens, J. (2010) Marketing for hospitality and tourism. 5th edn. Pearson, Upper Saddle River: NJ. Pg. 77-95. Krugman, P. R., Obstfeld, M., Melitz, M. J. (2012) International economics: Theory policy. 9th ed. Harlow: Pearson Education. Pg. 113-123. Malin, M Maidment, D. (2003) Education, indigenous survival and well-being: Emerging ideas and programs, Australian Journal of Indigenous Education, vol. 32, pp. 85-100, viewed 18 January 2017, https://www.atsis.uq.edu.au/ajie/docs/20033285100.pdf Marshall, B. (2013) Accounting Information Systems. Australian edition. Frenchs Forest, NSW: Pearson Australia. Pg. 69-85. McKenzie, T Pharoah, C. (2009) Measure for measure, viewed 2 January 2017, https://www.charityfinancials.com/charity-financials-insider/measure-for-measure-583.html Reece, I. and Walker, S. (2007) Teaching, training learning: a practical guide. 6th ed. London: Business Education Publishers Limited. Pg. 179-185. Sampson, H. (2013) International seafarers and transnationalism in the twenty-first century. New Ethnographies. Manchester: Manchester University Press. Pg. 71-95. Sanders, M Tamma, F. (2015) The science behind why people give money to charity, viewed 19 January 2017, https://www.theguardian.com/voluntary-sector-network/2015/mar/23/the-science behind-why-people-give-money-to-charity Secker, J. (2010) Copyright and e-Learning: a guide for practitioners. London: Facet Publishing. Pg. 11-31. Slaper, T.F, Hall, T.J. (2011) The triple bottom line: What is it and how does it work, viewed 7 January 2017, https://www.ibrc.indiana.edu/ibr/2011/spring/article2.ht