W6 Disc IT Strategy in Difficult Economic Situations Essay

W6 Disc IT Strategy in Difficult Economic Situations - Essay Example Likewise, the number of participants or organizations applying IT-related applications are greater during economic prosperity. As such, its governance within an economically prosperous status would be more challenging. On the contrary, in times of economic decline, IT governance still faces difficulties in areas such as the need to be cognizant of costs associated with support and sustenance of IT systems, updates, and adherence to policies and regulations that abide by privacy and confidentialty; as well as security of information. In economic decline, the number of participants or organizations are perceived to decline due to tendencies for bankruptcies or financial losses. Thus IT governance issues are lesser, as compared to periods of economic prosperity. The strategies that could be suggested to cope with economic decline include: (1) establishing a core competence or competitive advantage through â€Å"operating at a lower cost, by commanding a premium price, or by doing both† (Galliers & Leidner, 2013, p. 388); (2) enhancing operational effectiveness through the online medium; (3) establishing an effective strategic positioning stance; (4) designing strategies that complement and balance traditional marketing strategies with that of digital or online medium. It was emphasized by Galliers & Leidner (2013) that â€Å"only by integrating the Internet into overall strategy will this powerful new technology become an equally powerful force for competitive advantage† (p. 402). Atkinson, R., & McKay, A. (2007, March). Digital Prosperity: Understanding the Economic Benefits of the Information Technology Revolution. Retrieved from The Information Technology & Innovation Foundation:

Gold Research Paper Example | Topics and Well Written Essays - 1750 words - 1

Gold - Research Paper Example Gold is a dense element having a shiny, soft and malleable surface. Its chemical symbol is Au which comes from a Latin word Aurum. It has an atomic number of 79. Gold is among the non-reactive metal, thus, it many functional uses in manufacturing industries and natural environments. It has rust resistance i.e. does not react with oxygen. It is a good conductor of electricity being able to convey a very tiny electrical current in temperature ranging from -550 to +2000. 1 This metal is among the most ductile metals, thus, it allows to be molded into very small threads or wires without breaking. Furthermore, gold is malleable. This makes it possible to be shaped into extraordinary thin sheets. It is known to be the least absorptive material, but most reflective of infrared energy. Gold with a high purity has the capability of reflecting 99 percent of infrared rays. Also, gold is among the best heat conductors or thermal energy. This makes it to be used to transfer heat away from very de licate instruments, like electronics. Gold alloys, being the most tenacious and long performing material that is used to guard electronics against high temperatures produced by them. It occurs in its compound and also in native state (It’s Free State). 2 Gold is not combined with any other element in nature. Telluride (a compound of element Tellurium) is the most common compounds of gold. For example, gold telluride (AuTe 2) is mostly composed of mineral calavarite. Also, gold is found in Nuggets and chunks large enough to see. 3 This enables people to mine gold by picking and collecting it from the rivers and streams. Gold estimation abundance in the earth crust is around 0.005 Parts per Million. 3 This makes a very small fraction as compared to Iron and other metals. Many people believe that, about 70 million tons of gold are found in oceans. This has led to many ocean