PLAGIARISM SCAN REPORT
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Plagiarised
89%
Unique
Date 2020-06-15
Words 880
Characters 5838
Content Checked For Plagiarism
Abstract Use of blockchain technology will have a huge impact in how organizations conduct their business as well as data integrity as it will
enable users to share a single credible source of information from its reliable database. Information nowadays is the most valuable asset of
any organization. Apparently more valuable than money, land or anything else that we own. Wherever we go and whatever we do online is
recorded. It creates our virtual presence but the problem is- this information is owned by tech giants such as Google which can be
compromised. This is where a blockchain come into play, it will enhance privacy as well as control the flow of our information. Blockchain will
protect our information from hackers by encrypting it, this will make it hard for hackers to access our information. This is the highest time to
adopt this technology and the first to adapt to this new technology will be the greatest beneficiaries. Introduction Blockchain is a revolutionary
technology due to the fact that it does not need a trusted party to confirm transactions. With the aim to provide transparency and safety in
various sectors, blockchain is definitely the future (Tapscott, 2018). It aims towards creating a healthier, more reliable and advanced global
system, for a world where accountability and transparency are rarely visible in terms of financial techniques, blockchain will transform not one
but many industries. The key value proposition of blockchain is to provide transparency and efficiency. Businesses need to do their own
homework to access whether or not they should adopt blockchain, when to adopt and what division to adopt. Literature Review Introduction of
blockchain will change how organization go about their day-to-day activities. In finance sector, there will be no need of intermediaries while
processing a transaction since only sender and receiver are needed to complete a transaction. This will reduce cost and also enhance
transaction efficiency (Arun et al, 2019). Other than that, financial institutions will secure their transactions as a result of using blockchain
features such as encryption which make information unreadable to unauthorized users. Transparency will be guaranteed as every transaction
will be recorded for future reference in the database. Having all clients information secured in the database will enhance data integrity since
only authorized personnel are allowed to modify the data and any changes made users are notified. Security is the common denominator in
any organization that deal or handle sensitive information. Blockchain technology has exhibited its abilities in different sectors since its launch.
Its ability to offer peer-to-peer connectivity between users enhances security as well as efficiency. Blockchain features will revolutionize many .
1. PLAGIARISM SCAN REPORT
11%
Plagiarised
89%
Unique
Date 2020-06-15
Words 880
Characters 5838
Content Checked For Plagiarism
Abstract Use of blockchain technology will have a huge impact
in how organizations conduct their business as well as data
integrity as it will
enable users to share a single credible source of information
from its reliable database. Information nowadays is the most
valuable asset of
any organization. Apparently more valuable than money, land or
anything else that we own. Wherever we go and whatever we do
online is
recorded. It creates our virtual presence but the problem is- this
information is owned by tech giants such as Google which can
2. be
compromised. This is where a blockchain come into play, it will
enhance privacy as well as control the flow of our information.
Blockchain will
protect our information from hackers by encrypting it, this will
make it hard for hackers to access our information. This is the
highest time to
adopt this technology and the first to adapt to this new
technology will be the greatest beneficiaries. Introduction
Blockchain is a revolutionary
technology due to the fact that it does not need a trusted party
to confirm transactions. With the aim to provide transparency
and safety in
various sectors, blockchain is definitely the future (Tapscott,
2018). It aims towards creating a healthier, more reliable and
advanced global
system, for a world where accountability and transparency are
rarely visible in terms of financial techniques, blockchain will
transform not one
but many industries. The key value proposition of blockchain is
to provide transparency and efficiency. Businesses need to do
their own
homework to access whether or not they should adopt
blockchain, when to adopt and what division to adopt.
Literature Review Introduction of
blockchain will change how organization go about their day-to-
day activities. In finance sector, there will be no need of
3. intermediaries while
processing a transaction since only sender and receiver are
needed to complete a transaction. This will reduce cost and also
enhance
transaction efficiency (Arun et al, 2019). Other than that,
financial institutions will secure their transactions as a result of
using blockchain
features such as encryption which make information unreadable
to unauthorized users. Transparency will be guaranteed as every
transaction
will be recorded for future reference in the database. Having all
clients information secured in the database will enhance data
integrity since
only authorized personnel are allowed to modify the data and
any changes made users are notified. Security is the common
denominator in
any organization that deal or handle sensitive information.
Blockchain technology has exhibited its abilities in different
sectors since its launch.
Its ability to offer peer-to-peer connectivity between users
enhances security as well as efficiency. Blockchain features will
revolutionize many
industries hence every industry needs to consider this
technology in their future plans. Use of Blockchain Technology
Blockchain-based
solutions are being implemented for optimizing the inefficiency
in recruitment workflow. These solutions are very well used for
4. recruitment
processes like background screening and resume verification. In
an event an organization needs to hire new employees,
blockchain will
enhance the process of obtaining credible information on the
potential candidate, supplier as well as partners compared to
any other
recruitment method available (Tapscott et al, 2018). With
employee’s consensus, employer will have access to employee’s
credible
information. This information will not be compromised due to
the fact that it will be uploaded, stored as well as managed by a
secured
database. Job applicants won’t be able to lie about their
education qualifications due to the fact that a university body
from where they
graduated from will have uploaded their academic qualification
on the database hence information integrity will be maintained.
Changing
anything will require taking over the entire blockchain which
would be impossible. Any changes in resume will be recorded
and pushed to
respective institution for validation and new employers can trust
employee resume stored and secured via such blockchain based
solution.
Blockchain will make it possible for employers to authenticate
candidates based on digital identity stored on blockchain (Kim
5. & Deka, 2019).
Various screening tests records / documents will be secured
with blockchain based solution instead of relying on any third-
party. It will also be
easy to track contractor’s performance by use of smart contract
based solution where employers will use the technology to
review contractors
work history. Recruitment process will be improved as well as
made efficient through the use of blockchain technology.
Application of
blockchain technology has transformed how human resource
carry out their activities. It has enabled employers to interact
with potential job
seekers. The fact that blockchain can store as well as share
information has enhanced relationship between employees and
their boss (Obrist
& Hari, 2019). Having employee performance records on the
blockchain database is a game changer in monitoring as well as
coordinating
their activities which has helped in evaluating their
performance. Blockchain features a digital ledger mechanism
which allows professionals to
streamline processes and store the details in the form of distinct
records. Blockchain is made up of unique blocks, each block
hold data value.
6. This has made human resource documentation and data
management conventions significantly (Paschen, J., & Boon,
2019). Through the use
of this technology, the process of maintaining and monitoring
employees payroll has been simplified as a result of storing
information in a
decentralized database which is instantly updated providing
crucial information to the human resource department.
Matched Source
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technology to improve...
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8. 1
Figures title: 8Week 6 Assignment 2
Karla Davis-Sanchez
BUS499 Business Administration Capstone
Dr. Joseph Keller
May 18, 2020
Week 6 Assignment 2
This paper will continue the discussion about Starbucks. It will
discuss two segments of the general environment and how these
segments affect Starbucks corporation. Two forces of
competition that are most significant to its business, and how
they are addressed in the past. Predict how Starbucks can
improve its ability to address these forces in the future.
External threats affecting the business and opportunities
available. Starbucks greatest strengths and weaknesses, and
finally resources, capabilities, and core competencies for the
corporation.General Environment
Starbucks two segments that rank highest in their influence on
the public corporation are the sustainable physical environment
segment and the sociocultural segment. With its corporation
being formed around a corporate social responsibility it makes
sense that these two segments rank the highest in their influence
on the public. Sustainable physical environment encompasses
minimizing a firm’s environmental footprint which Starbucks
does, whereas the sociocultural segment includes workforce
diversity, and attitudes about the quality of work life (1, Hitt).
Sustainable Physical Environment Segment
As previously stated, minimizing a firm’s environmental
footprint, as Starbucks has and continue to do; shows that the
sustainable physical environment is important to Starbucks
corporation. They are leading in sustainability working to make
coffee the world’s first sustainable agricultural product and
reduce the environmental impact of their stores. Partnering with
Conservation International on C.A.F.E. Practices, their ethical
sourcing program. They source 99 percent of their coffee
9. promoting quality, economic transparency, and social and
environmental impacts, while working towards a goal of 100
percent ethically sourced tea and cocoa by 2020. Starbucks is
continuing to find innovative ways to cut back on its use of
cups and straws testing a variety of greener cups that are both
recyclable and compostable through the NextGen Cup challenge
and launching a lightweight strawless lid in hopes to eliminate 1
billion single-use plastic straws annually. They are promoting
greener stores with 1,600 LEED certified stores around the
world, with a goal to reach 10,000 by 2025. Starbucks has
committed to more than $140 million in renewable energy to
power its stores over the past two years, reducing its
environmental impact and supporting access to green power.
With plans to locally source more than 50 percent of its
renewable energy in the U.S. by 2020 (2, Starbucks Stories &
News).
Sociocultural Segment
Thesociocultural segment encompasses, women in the
workforce, workforce diversity, and attitudes about the quality
of work life (1, Hitt). Starbucks is a company of diversity. They
are a company who wants to welcome everyone. They believe in
an unrelenting dedication to foster a diverse, inclusive, and
equitable environment for partners, customers, and communities
they serve. The current environment includes 68% women
partners (employees), 46% minorities, and 100% equal pay. The
workforce composition includes 46% people of color, and 54%
for whites. Starbucks aspirations are to provide inclusion
training and tools, provide diversity education for its retail
partners, drive leader accountability for diversity and inclusion
outcomes, increase internal pipeline of diverse leaders at VP an
director levels, and continue to partner with community-based
youth organizations and educational institutes. Starbucks will
continue to strive to create a culture of belonging-where
everyone is welcome ( 5, Starbucks).Five Forces of Competition
Out of the five forces of competition the two that are most
significant to Starbucks, would be rivalry among competing
10. firms and the threat of substitute products. With Starbucks
leading the way in premium coffees, teas, and pastries, rivalry
amongst competing firms and a threat of product substitution is
inevitable. After all everyone wants to be the best at what they
do.
Rivalry Among Competing Firms
Starbucks has many rivalries to compete with from coffee
chains, to fast food restaurants offering similar products. Its
main rivals Dunk N Doughnut and McDonalds forced Starbucks
to step its game up to remain in the competition. Starting from
the beginning when Starbucks only sold coffee beans to be
grinded by the customers, Howard Schultz traveled to Italy and
saw the difference in how coffee stores were compared to what
was offered in the U.S. He saw the baristas interacting and
being friendly with its customers (even on a first name basis) to
add a personal touch and warmth feeling and mixing drinks with
a smile. From there he put the new ideas in motion and
incorporated these methods and went back to the states,
purchased the Starbucks from its previous owners and turned
Starbucks around for the better (3, Starbucks). Moving them
along to deal with its current competitors and their threats of
substitute products being brought into the equation.
Threat of Substitute Products
With many corporations and businesses around, the threat of
substitute products will always be a big factor. If it is easily
imitated chances are the competition will be high and not as
easy of a market to penetrate. Starbucks was aware to stay in
competition they had to offer products that were different from
its competitors. They had to become innovative in
differentiating their products to continue customer loyalty, and
market to gain new customers. The significance of the threat of
substitute products is high for Starbucks. With many coffee
places selling the same coffee beans at lowering pricing,
Starbucks has to be able to provide something different.
Thankfully, it has acquired companies that can help with
product differentiation to keep them ahead of its
11. competitors.Future Improvements
With knowing that rivalry among competitors and the threat of
substitute products are high for Starbucks, there are a few
predictions that I feel could help Starbucks to remain ahead of
its competitors and make future improvements for its
corporation. First and foremost, they should remain working
with their local farmers globally to create and maintain the best
coffee beans that will set them apart from its competitors and
continue to be innovative to create new products as well. If
Starbucks stick with using ideas and feedback from its
employees and customers, they can react faster to make
improvements. They should continue to acquire or co-brand
with companies specific to its needs to gain profit and revenue
and remain among their competitors. I can say I don’t see too
much wrong with Starbucks business strategy, and as the saying
goes “if it’s not broke, don’t fix it”. I believe as long as they
continue to be creative and innovative they can continue to lead.
They should not get comfortable with the lead or become
stagnant or they too can be knocked from the competition.
Greatest External Threat
The greatest external threat to Starbucks is its competition with
low-cost coffee sellers, with many coffeehouses offering its
products at an affordable rate. This can threaten the future’s
stability of Starbucks which offers higher prices (4, Business
Strategy Hub). Coffee can easily be brewed from home now
with the help of coffeemakers and Keurig’s available
worldwide. With that in mind Starbucks is not a necessity to get
a good cup of “joe” as it is referred to in many places. As
stated, coffee can be purchased at a lesser price and could lead
to Starbucks demise. To combat this issue Starbucks should
continue to bring superior quality products that are worth the
price difference. They need their products to remain
differentiated from its competitors and continue to acquire
companies who can add growth and profits to the company.
They have acquired seven major companies to include its own
bakery. This strategy along with the continuous experienced
12. offered by Starbucks can help lessen this threat. After all, many
customers go for the intimate relaxed atmosphere, friendly
customer service and warmth, and premium coffees, teas,
pastries, and snacks offered at its locations.Greatest
Opportunity
Starbucks greatest opportunity is its business diversification
and products specifications. With its partners being diverse not
only in gender, race, ethnicity, religion, sexual orientation, age,
and disability, but also in cultural backgrounds, thoughts ideas,
and life experiences. They have 100 percent pay equality and its
diversity only enhances their work culture, and drives the
business success (5, Starbucks). When it comes to product
specifications, Starbucks offers premium beverages, pastries,
and treats. Acquiring its own bakery allows them to sell
superior pastries that are not easily imitated, they use local
products which may vary dependent upon the local resources
available, so no one pastry will be the same but will not be too
far off from the other stores location treats. With other
acquisitions from Seattle’s Best Coffee, Teavana, Tazo,
Evolution Fresh, Torrefazione Italia Coffee, and Ethos water (4,
Business Strategy Hub), they continue to have product
specifications and have an advantage over its competitors who
may not be able to compete on Starbucks level. If they continue
with this strategy over time it can lead to a market that is hard
to penetrate because Starbucks will have more resources and
assets to buy out tis competitors to better and expand its brand.
Strengths and Weaknesses
Starbucks like all businesses has its strength and weaknesses it
is after all unavoidable when it comes to competition. Some of
its strengths are its strong brand image, growth in stores,
employee treatment, and as mentioned earlier its acquisitions. It
is the most popular and strongest brand in the food and
beverage industry making it hard for its competitors to compete.
The number of stores has increased from 1,886 to 31,256
between 1998 and 2019. Employees are treated very well, and
Starbucks has been consistently listed as one of the Fortune’s
13. Top 100 places to work for while offering advancements in
education and benefits to part time employees. Lastly its many
acquisitions with some of the top companies. The most
significant weaknesses are high prices, imitable products, and
European tax avoidance. Starbucks coffee is rather costly
compared to competitors such as McDonalds and other coffee
outlets (mom and pop shops) which many customers may not be
able to afford. Their product is not the most unique as
McDonalds Café and Dunkin Doughnuts offer almost the same
products. Lastly, with its tax avoidance in the UK, it faced
several controversies and criticisms (4, Business Strategy Hub).
These are all things that can bring a major corporation down
and should be fixed as soon as possible.
Strategy or Tactic
To continue to take maximum advantage of its strengths,
Starbucks should continue to acquire, bundle, and leveraging
their resources for the purpose of taking advantage of
opportunities and create value (1, Hitt). With acquiring other
companies, it has an advantage with differentiating its brand
from others, offering numerous products which will help with
bundling and the ability to leverage with other firms to gain
access to what they need to remain ahead of the competition.
This will give them a competitive advantage for the time being.
To fix the most significant weaknesses, Starbucks has to first
ensure that they are paying taxes to avoid any legal actions that
may come about. As far as product imitation, if they continue to
work with and train farmers with producing their beans, they
can specify what is grown and find new innovative ways to
produce different coffee beans so that they are not similar to
others. Pricing is ultimately something they may not be able to
lower, however if they continue to produce premium goods and
provide exceptional service the prices can be overlooked. “You
get what you pay for”, and with that their differentiating
strategy allows them to be a tad bit higher than its competitors.
Many businesses don’t provide the same quality products, but
they can provide a close enough imitation, but still would not be
14. able to compete with Starbucks as far as rising process.
Resources, Capabilities, and Core Competencies
With resources encompassing a spectrum of individual, social,
and organizational phenomena, Starbucks uses many of these to
have a strong foundation of resources. As mentioned previously
its many acquisitions help to add to Starbucks resources as its
premium beverages and pastries continue to dominate the
playing field. With teaching and training farmers how to
produce sustainable coffee beans and adjust to climate change
they are able to receive earnings above-average returns. They
invest in the farmers to provide funding to ensure the farmers
can purchase the necessary loans and proceeds to continue to
farm their coffee globally. Starbucks has many resources that
contribute to its capabilities such as human resources,
marketing, manufacturing, and research and development. They
motivate their employees by offering access to a free education,
treat them very well in terms of paying above the minimum
required wages, and offering effective training for all its
employees. Their brand promotion is a strong and popular brand
through productive marketing techniques and with selling their
coffee brands in store allows it to become a household brand.
Starbucks continue to encourage ideas and feedback to
manufacture product and design quality and develop different
forms of technology to increase sales, such as its app that
allows members to receive rewards and purchasing online. Its
customer service is a part of its core competencies and
providing a friendly and relaxing atmosphere for its consumers.
With these resources, capabilities, and core competencies
available to Starbucks, they continue to remain ahead of their
competitors.
Sources
1. Hitt, Ireland, & Hoskisson. 2020. Strategic management:
Concepts and cases: Competitiveness and globalization (13th
ed.). Mason, OH: South-Western Cengage Learning
2. Starbucks Stories & News. 2019. Leading in Sustainability.
Retrieved from
15. https://stories.starbucks.com/stories/2019/leading-in-
sustainability/
3. Starbucks. 2020. Company Information. Retrieved from
https://www.starbucks.com/about-us/company-information
4. Business Strategy Hub. 2020. Starbucks SWOT 2020/ SWOT
Analysis of Starbucks. Retrieved from
https://bstrategyhub.com/swot-analysis-of-starbucks-starbucks-
swot/
5. Starbucks. 2020. Diversity and Inclusion at Starbucks.
Retrieved from
https://www.starbucks.com/responsibility/community/diversity-
and-inclusion
1
8Week 3 Assignment 1
Karla Davis-Sanchez
Strayer University
BUS499 Business Administration Capstone
Dr. Joseph Keller
May 8, 2020
Week 3 Assignment 1
The company I will be discussing is Starbucks. This paper will
discuss how globalization and technology changes has caused an
impact on Starbucks. Ways to apply the industrial
organizational model and the resource-based model to determine
how this corporation can earn above-average returns. How
Starbucks vision and mission statement influences its overall
success. Last, it will discuss how different category of
stakeholders impact the everyday success of
Starbucks.Globalization
With globalization encompassing the increasing economic
interdependence among countries and their organizations,
showing reflection in the flow of products, financial capital, and
16. knowledge across borders, Starbucks has a large impact on
globalization. Starbucks has expanded through European
countries. They have nurtured personal relationships to build a
global network of support to create new ways to produce
sustainable coffee. With threats of environment change they
must be able to help coffee farmers adapt and find innovative
solutions. Starbucks offers programs to help alleviate hunger
through its food donation program and make investments in
local partnerships and coffee-and tea-origin communities
through its Starbucks Foundation. They are leading in
sustainability and going green by providing greener cups and
packaging and eliminating single straw use which is at 70%. All
while trying to build and operate 10,000 greener stores globally
by 2025 (2, Starbucks). Technology
Starbucks’s success can be contributed to its executive
chairman and CEO Kevin Johnson. The pair focused on the
firm’s digital operations, information technology practices and
supply chain operations to increase Starbucks’s effectiveness
and efficiency (1, Hitt). They offer mobile payment platforms
and consumers can place their orders online, pay, and pick up
orders at their nearest location. Online payments reduce
customers wait time as well. The mobile application offers
rewards to customers and has 12 million active users, which
places them ahead of ITunes and American Express Serve with
its number of active users. During 2014, when most brick and
mortar stores were struggling, Starbucks sales store operations
increased 5 percent in its fourth quarter (2 percent from growth
in sales and 3 percent in increased ticket size) (1,
Hitt).Industrial Organization Model
The way Starbucks could use the I/O Model of Above-Average
returns, by remaining ahead of its competitors. If they continue
to use all the available input and feedback this will help them
remain innovative. With continuing to work on ways to make
sustainable coffee and work with its coffee farmers for
continuous ways to adapt to the different problems that may
occur (climate change). Their premium drinks and treats allow
17. for them to stay in front of the competition and make their
industry remain attractive. I am still not understanding or
comprehending this topic.Resource-Based Model
Starbucks resources consist of its premier coffees, teas, and
pastries they offer that differentiate them from the others. Not
to mention they have their own bakery. They are internationally
known, work with local farmers to help produce sustainable
coffee, and offer a warm and friendly experience. With their
premiere roast and not easily duplicated pastries it puts them
ahead of its competitors. They have roast breweries where
customers can enjoy their drinks, which coffee brewed and get
an idea of some of the things the company provides. Employee
and customer feedback and ideas helps them to remain
innovative and one step ahead of its competitors. They have a
competitive advantage because they offer products that are not
easily imitated. This is how Starbucks manages to earn above-
average returns.Vision
Starbucks’s Vision statement is “To establish Starbucks as the
premier purveyor of the finest coffee in the world, while
maintaining our uncompromising principles as we grow”. The
vision statement articulates the ideal description and points
Starbucks in the direction of where it wants to be in the future
(1, Hitt). Offering premier purveyance by uplifting their service
approaches and continuous global expansions to make the one
of the best. They have premiere coffee as well as their own
bakery that offers premier pastries that can not be duplicated so
easily. Adding on the uncompromising principles they remain
true to their culture towards its customers, employees, and
everyone they may encounter and how they behave; Starbucks
continue to stand out from the others. With Starbucks
continuous growth, leading by example and boosting its global
presence, they remain in line with its growth ambition (Mission
Statement Academy). Mission
Starbucks’s mission statement is “To inspire and nurture the
human spirit-one person, one cup, one neighborhood at a time”.
With values to crate a culture of warmth and belonging, where
18. everyone is welcome. Act with courage to challenge the status
quo and finding new ways to grow their company and each
other. Be present, connect with transparency, dignity, and
respect. Lastly, to deliver the very best in all they do, while
holding themselves accountable for results. They are
performance driven through the lens of humanity (Starbucks). If
the probability of forming an effective mission increase when
employees understand the ethical standards that guide their
behaviors, Starbucks mission and values ensure they will
continue to pursue success. They are offering stores, breweries,
and even express stores in many neighborhoods throughout the
world, where people can feel welcome and enjoy their coffee (1,
Hitt). The friendly staff and atmosphere allow the customers to
relax, enjoy tasty coffee and pastries and to have an overall
wonderful experience. They want to improve life (green cup
responsibility), exceed expectations (partner with local coffee
farmers), and lastly to simplify beverage services (dynamic,
simple, yet top service delivery strategies (Mission Statement
Academy). Stakeholders
Starbucks Coffee Company’s stakeholder management
approaches are based on different programs for corporate social
responsibility and are advocates of CSR movements. Its capital
market stakeholders consist of the government, shareholders,
and investors. Starbucks must address the interests of numerous
governments as stakeholders due to the company’s global
presence. With many of its locations throughout the U.K., they
pay lower taxes in these countries which affects its
comprehensive corporate social responsibility to which they are
to advocate for. Its global expansion and continued dominance
in the coffeehouse industry provide high profits in return for
investors. Though there was a decline in 2007 they recovered
from this incident and continue to gain profit to satisfy its
investors. Its product market stakeholders are its customers and
suppliers. The suppliers consist of wholesale supply firms and
the coffee firms. Their main interest is compensation and a
growing demand from Starbucks. The farmers goal is to increase
19. coffee yield to bring in more revenue, and Starbucks provides
programs to ensure they are treated fairly and paid properly.
One program is called Starbucks’ Coffee and Farmer Equity
(CAFÉ). These are ways Starbucks satisfy this group of
stakeholders. Customers are considered one of Starbucks top
stakeholders and include them as major stakeholders by
extending the Starbucks culture to is customers. They focus on
providing warm and friendly environments and have baristas to
interact in a friendly, professional manner. The last group of
stakeholders are organizational stakeholders who are its
employers. Employees are prioritized in Starbucks corporate
social responsibility. They are given wages above the normal
minimum wage requirements, offer scholarships to employees
through Arizona State University paying 56% of employee
tuition and fees.
Sources
1. Hitt, Ireland, & Hoskisson. 2020. Strategic management:
Concepts and cases: Competitiveness and globalization (13th
ed.). Mason, OH: South-Western Cengage Learning
20. 2. Starbucks. 2018. Global Social Impact Report. Retrieved
from
https://globalassets.starbucks.com/assets/5064028EB31B40FA8
6C13DD54497DE1F.pdf
3. Starbucks. 2020. Starbucks Mission. Retrieved by
https://www.starbucks.com/about-us/company-
information/mission-statement
4. Mission Statement Academy. 2020. Starbucks Vision and
Mission Statement. Retrieved from
https://mission-statement.com/starbucks/
5. Andrew Thompson. 2017. Starbucks Coffee’s Stakeholders: A
CSR Analysis. Retrieved from
http://panmore.com/starbucks-coffee-stakeholders-csr-analysis
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Do not enter your speaker notes in comment boxes
Do not include audio or video clips
Delete this slide before submitting your assignment
21. Delete this slide before submitting your assignment
Notes: This is the speaker notes section of the PowerPoint
presentation.
Do Not type every word you plan to say on the slide.
Everything you would say if you were giving a live presentation
should be provided in text form in the speaker notes section of
each slide.
1
BUS499 Capstone
Assignment 4
Karla Davis-Sanchez
Hello my name is Karla Davis-Sanchez and I will be presenting
you all with a PowerPoint presentation that will discuss
Starbucks Corporation. It discusses Starbucks SWOT analysis
that will explain Starbucks strengths, weaknesses, opportunities,
22. and threats. I will discuss a strategy outline that will explain
how this corporation can capitalize from these strengths and
opportunities and minimize the company's weaknesses and
threats. Discuss the various levels and types of strategies
Starbucks can use to maximize competitiveness and
profitability. Outline a communications to make said strategies
known to our stakeholders. Ending with, assessing Starbucks
efforts to be a responsible corporate citizen while determining
the impact these efforts does or does not have on the firm's
bottom line. At the end if there are any questions please do not
hesitate to ask and finally thank you for your time!
2
SWOT Analysis of StarbucksStrengths
Strong brand image.
Its many acquisitions.
Weaknesses
Imitable products.
High pricing. Opportunities
Business diversification.
Product specification.Threats
Competition with low-cost coffee sellers.
The following information was obtained through research, and
this is what came up of Starbucks SWOT analysis. Starbucks
has many strengths but its biggest our its strong brand image
and its many acquisitions. Insert exactly what you would say to
23. your executive audience to describe each bullet point on this
slide
You should thoroughly outline a strategy for the company to
capitalize on its strengths and opportunities.
3
SWOT Analysis Strategy
Strengths and Opportunities
Insert a bullet describing the strategy to capitalize on strengths
and opportunities
Insert another bullet describing the strategy to capitalize on
strengths and opportunities
Insert exactly what you would say to your executive audience to
describe each bullet point on this slide
You should thoroughly outline a strategy for the company to
capitalize on its strengths and opportunities.
4
SWOT Analysis Strategy
Weaknesses and Threats
Insert a bullet describing the strategy to minimize weaknesses
and threats
Insert another bullet describing the strategy to minimize
weaknesses and threats
24. Insert exactly what you would say to your executive audience to
describe each bullet point on this slide
You should thoroughly outline a strategy for the company to
minimize its weaknesses and threats.
5
Competitiveness Strategy
Competitiveness
1st bullet point of levels and types of strategies to maximize
competitiveness
2nd bullet point of levels and types of strategies to maximize
competitiveness
Insert exactly what you would say to your executive audience to
describe each bullet point on this slide
You should thoroughly discuss the various levels and types of
strategies the firm may use to maximize its competitiveness.
6
25. Profitability Strategy
Profitability
1st bullet point of levels and types of strategies to maximize
profitability
2nd bullet point of levels and types of strategies to maximize
profitability
Insert exactly what you would say to your executive audience to
describe each bullet point on this slide
You should thoroughly discuss the various levels and types of
strategies the firm may use to maximize its profitability.
7
Communications Plan
Competitiveness Strategies
1st bullet point on the plan to communicate the competitiveness
strategies to stakeholders
2nd bullet point on the plan to communicate the competitiveness
strategies to stakeholders
Insert exactly what you would say to your executive audience to
26. describe each bullet point on this slide
You should thoroughly outline a communications plan the
company could use to make the strategies you recommended on
the previous slide known to all stakeholders.
8
Communications Plan
Profitability Strategies
1st bullet point on the plan to communicate the profitability
strategies to stakeholders
2nd bullet point on the plan to communicate the profitability
strategies to stakeholders
Insert exactly what you would say to your executive audience to
describe each bullet point on this slide
You should thoroughly outline a communications plan the
company could use to make the strategies you recommended
known to all stakeholders.
9
Corporate Social Responsibility
Responsible (ethical) corporate citizen
1st bullet point on the assessment of efforts by the corporation
to be a responsible (ethical) corporate citizen – specific
example
2nd bullet point on the assessment of efforts by the corporation
to be a responsible (ethical) corporate citizen – specific
example
27. Impact of efforts on company’s bottom line
1st bullet point on the impact the efforts have on the company’s
bottom line – specific example
2nd bullet point on the impact the efforts have on the
company’s bottom line – specific example
Insert exactly what you would say to your executive audience to
describe each bullet point on this slide
You should thoroughly assess efforts by this corporation to be a
responsible (ethical) corporate citizen and thoroughly determine
the impact these efforts (or lack thereof) have on the company's
bottom line. Provide specific examples to support your
response.
10
References
Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2013). Strategic
management: Concepts and cases: Competiveness and
globalization (10th ed.). Mason, OH: South-Western Cengage
Learning.
Insert second source
Insert third source
Insert any additional sources
28. You should use at least three (3) quality references, one of
which should be the course textbook. Wikipedia and similar
websites do not quality as academic resources.
11
PLAGIARISM SCAN REPORT
23%
Plagiarised
77%
Unique
Date 2020-06-15
Words 953
Characters 6076
Content Checked For Plagiarism
In banking, blockchain have changed customer service, credit
scoring, loans & lending, asset registry & management. All this
would be
automated using smart contracts in blockchain. All of these
process automation would lead to the saving of millions of
dollars in cost savings.
29. In trade finance all the paperwork would be replaced by smart
contracts (Veuger, 2019). Additionally, since blockchain is an
immutable public
ledger, all the entries would be temper-proof and easily
verifiable at any stage. Trasanctions in share market go through
a series of
intermediaries but with blockchain all these intermediaries will
go away and decisions would be made using consensus-based
verification
mechanism. Blockchain technology has taken the world by
storm, much of this buzz stems from the tenfold increase in
prices of
cryptocurrencies in the market, creating opportunities for
speculation to make money and excite hearts. Yet, this
technology brings with it a
plethora of solutions which overcomes many of banking
system’s current limitations. Blockchain technology runs on a
distributed network,
thus renouncing a need for a huge and costly infrastructure to
operate (Paschen et al, 2019). This significantly reduces the
overhead costs
that are passed on to consumers through fees and other charges
when using bank services. The nature of this technology is such
that it is a
distributed public ledger which provides full transparency and
evidence of ownership. There is no known way to manipulate
the ledger which
30. makes it even more reliable. What’s even more groundbreaking
is the existence of smart contracts within this technology. What
this means is
that virtually any exchange of value can be written into a
program which then operates by certain conditions that execute
themselves when the
time comes thus allocating the asset to the person as per the
situation and condition written into the contract (Arun et al,
2019). In simple
terms it holds each party responsible for their part in the
contract while eliminating the need for a middle man such as a
bank or a lawyer. It
also clones and stores the transaction while maintaining the
identity of both the parties involved. Blockchain also improves
the scope of
microfinance, since the number one issue with microfinance has
to do with credit worthiness of its end users. An account
holder’s transactions
records is already present in the public ledger which allows for
a quick check on these statistics without an external audit (Kim
& Deka, 2019).
The public ledger becomes a source of information for finance
experts to develop transparent as well as improved strategies to
determine loan
limits and interest rates. These processes have to be adjusted to
create a justifiable microfinance ecosystem fit for developing
markets. The
31. most exciting fact about this technology is that it targets not
one but several problems associated with banking & finance and
could be a game
changer in this regard. There are plenty of online polls being
conducted worldwide on a daily basis, however voting for
elections requires the
person to be present at the booth (but voting can be done
online). Moving the process of voting online invites
opportunities for frauds and
hacks as the data is highly sensitive. Using blockchain for
voting purposes eliminates the idea of the database getting
hacked, making the
whole process smoother and secure (Kietzmann et al, 2019).
Money transfer is one of the major reasons why blockchain was
built. Banks and
other financial institutions take heavy transaction fees for
money transfer (even more in case of international transfers).
Also, the time taken
for international transfers is quite a lot (can be 5 business days
in some cases). Blockchain transfers money from one person to
another in a
few minutes and without the need of any intermediary. With
blockchain, users will have access to their own data, which
cannot be breached or
exploited by hackers or criminals. Additionally, blockchain
technology has brought new opportunities in social scenes. For
example, there are
32. already some blockchain community platforms that allow users
to earn tokens to run their own communities or contribute
content to other
communities. Blockchain technology can benefit e-commerce in
two aspects. One is supply chain management. In a blockchain-
based
platform, all the information related to logistics, information
flows and capital flows will be recorded and kept transparent,
so that customers
and buyers are able to verify and validate the true value of the
products and services they purchase. The other is payment issue
(Tapscott,
2018). Digital currencies and cryptocurrencies will be a
payment option with the benefits of low service and real time
transfers, thus helping e-
commerce merchants to reduce the risk caused by exchange rate.
Blockchain is being used in supply chain to monitor movement
of goods
from where they are produced until they reach to the end user
(Hyla, 2018). This has greatly helped in managing stoke as
managers can trace
the movement of goods as well as recover lost goods. Supply
chain activities are now transparent as each activity is recorded
on the
database. Transparency creates good relationship between
33. business owners and clients. Information on blockchain
database is being used
by business owners to track potential suppliers, the fact that
information used is credible only the best partners are selected
to a part of the
business. Customers’ ability to interact with the organization
through block chain creates a good relationship and also
enhances business
reputation. Thanks to blockchain one can now easily access
financial statements from the database, this makes it easy to
evaluate business
performance as well as make future plans based on current
business performance. Any developments within the
organization is instantly
updated on the database hence everyone within the organization
gets the latest developments (Treiblmaier, 2018). Having latest
financial
reports help in decision making as well as evaluating business
performance.
Matched Source
Similarity 12%
Title: What are all the use cases of blockchain in finance? -
Quora
blockchain technology has taken the world by storm, much of
this buzz stems from the tenfold increase in prices of
cryptocurrencies in the
34. market, creating opportunities for speculation to make money
and excite hearts. yet, this technology brings with it a plethora
of solutions
which...
https://www.quora.com/What-are-all-the-use-cases-of-
blockchain-in-finance
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Title: What are the different use-cases of block-chain
technology? - Quora
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blockchain was built. banks and other financial institutions take
heavy
transaction fees for money transfer (even more in case of
international transfers). also, the time taken for international
transfers is quite a
lot (can be 5 business...
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block-chain-technology
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Title: What are the most promising non-financial uses for
blockchain? - Quora
additionally, blockchain technology has brought new
opportunities in social scenes. for ex...by now, everyone in the
business world has
already heard about blockchain. though 10 years ago it was
created as the technology behind bitcoin, today we understand
35. that blockchain
can perform...
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financial-uses-for-blockchain
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Title: Blockchain has the potential to revolutionize the supply
chain...
...and validate the true value of the products and services they
purchase because of the endemic lack of transparency across
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chains, whichthe decentralized structure of the ledger would
make it impossible for any one party to hold ownership of the
ledger and
manipulate the data to their...
https://techcrunch.com/2016/11/24/blockchain-has-the-
potential-to-revolutionize-the-supply-chain/
https://www.quora.com/What-are-all-the-use-cases-of-
blockchain-in-finance
https://www.quora.com/What-are-all-the-use-cases-of-
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blockchain-in-finance
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block-chain-technology
https://www.quora.com/What-are-the-different-use-cases-of-
block-chain-technology
https://www.quora.com/What-are-the-different-use-cases-of-
block-chain-technology
37. Blockchain-based solutions are being implemented for
optimizing the inefficiency in the recruitment workflow. These
solutions are very well used for recruitment processes like
background screening and resume verification. In an event an
organization needs to hire new employees, blockchain will
enhance the process of obtaining credible information on the
potential candidate, supplier as well as partners compared to
any other recruitment method available (Tapscott et al., 2018).
With employee's consensus, employers will have access to
employee's credible information.
This information will not be compromised because it will be
uploaded, stored, and managed by a secured database. Job
applicants won't be able to lie about their education
qualifications because a university body from which they
graduated will have uploaded their academic eligibility on the
database; hence, information integrity will be maintained.
Changing anything will require taking over the entire
blockchain, which would be impossible.
Any changes in the resume will be recorded and pushed to the
respective institution for validation. New employers can trust
employee resume stored and secured via such a blockchain-
based solution. Blockchain will make it possible for employers
to authenticate candidates based on digital identity stored on the
blockchain (Kim & Deka, 2019). Various screening tests
records/documents will be secured with the blockchain-based
solution instead of relying on any third-party. It will also be
easy to track the contractor's performance using a smart
contract-based solution where employers will use the
technology to review the contractor's work history. The
recruitment process will be improved as well as made efficient
through the use of blockchain technology.
3 2
3
Blockchain features a digital ledger mechanism that allows
professionals to streamline processes and store the details in the
38. form of distinct records. 2 This approach will significantly
improve human resource documentation and data management
conventions (Paschen, J., & Boon, 2019). Through the use of
this technology, the process of maintaining and monitoring
employees' 3
In banking, blockchain has changed customer service, credit
scoring, loans & lending, asset registry & management. 5 All
of these process automation would lead to the saving of millions
of dollars in cost savings. In trade finance, all the paperwork
would be replaced by smart contracts (Veuger, 2019).
Additionally, since blockchain is an immutable public ledger,
all the entries would be temper-proof and quickly correct.
Transactions in share market go through a series of
intermediaries, but with blockchain, all these intermediaries
will go away, and decisions would be made using consensus-
based verification mechanism.
Blockchain technology has taken the world by storm. Much of
this buzz stems from the tenfold increase in prices of
cryptocurrencies in the market, creating opportunities for
speculation to make money and excite hearts. Yet, this
technology brings with it a plethora of solutions that overcome
many of the banking system's current limitations. Blockchain
technology runs on a distributed network, thus renouncing a
need for a vast and costly infrastructure to operate (Paschen et
al., 2019). This significantly reduces the overhead costs that are
passed on to consumers through fees and other charges when
using bank services.
The nature of this technology is such that it is a distributed
public ledger that provides full transparency and evidence of
ownership. There is no known way to manipulate the ledger,
which makes it even more reliable. What's even more
groundbreaking is the existence of smart contracts within this
technology. What this means is that virtually any exchange of
value can be written into a program that then operates by certain
conditions that execute themselves when the time comes, thus
allocating the asset to the person as per the situation and
39. requirement wrote into the contract (Arun et al., 2019). In
simple terms, it holds each party responsible for their part in the
agreement while eliminating the need for a middle man such as
a bank or a lawyer. It also clones and stores the transaction
while maintaining the identity of both the parties involved.
Blockchain also improves the scope of microfinance since the
number one issue with microfinance depends on the
creditworthiness of its end users. An account holder's
transaction records are already present in the public ledger,
which allows for a quick check on these statistics without an
external audit (Kim & Deka, 2019). The general ledger becomes
a source of information for finance experts to develop
transparent as well as improved strategies to determine loan
limits and interest rates. These processes have to be adjusted to
create a justifiable microfinance ecosystem fit for emerging
markets. The most exciting fact about this technology is that it
targets not one but several problems associated with banking &
finance and could be a game-changer in this regard.
There are plenty of online polls being conducted worldwide
daily; however, voting for elections requires the person to be
present at the booth (but voting can be done online). Moving the
process of voting online invites opportunities for frauds and
hacks as the data is highly sensitive. Using blockchain for
voting purposes eliminates the idea of the database getting
hacked, making the process smoother and secure (Kietzmann et
al., 2019). Money transfer is one of the primary reasons why
blockchain was built. Banks and other financial institutions take
substantial transaction fees for money transfer (even more in
case of international shipments). Also, the time taken for
international transfers is quite a lot (can be five business days
in some cases). Blockchain transfers money from one person to
another in a few minutes and without the need for any
intermediary.
With blockchain, users will have access to their data, which
cannot be breached or exploited by hackers or criminals.
Additionally, blockchain technology has brought new
40. opportunities in social scenes. For example, there are already
some blockchain community platforms that allow users to earn
tokens to run their communities or contribute content to other
cities. Blockchain technology can benefit e-commerce in two
aspects. One is supply chain management.
In a blockchain-based platform, all the information related to
logistics, data flows, and capital flows will be recorded and
kept transparent so that customers and buyers can verify and
validate their actual value and services. The other is the
payment issue (Tapscott, 2018). Digital currencies and
cryptocurrencies will be a payment option with the benefits of
low function and real-time transfers, thus helping e-commerce
merchants to reduce the risk caused by the exchange rate.
2
Conclusion
6
References
Arun, J. 2 (2019). 2 New York: 2 ISBN: 0-13-558135-4
Tapscott, D., & Tapscott, A. (2018). Blockchain
Revolution: 7 Penguin Books, Canada.
Park, Kietzmann & Archer-Brown. (2019). Beyond
Bitcoin: 8 Business Horizons.
Morkunas, Paschen & Boon. (2019). 9 Business Horizons.
3 (2019). 3 Basingstoke, England: Springer Nature.
Veuger, J. (2019). 3 Hauppauge, NY: 3
Attaran, M., & Gunasekaran, A. (2019). 3 10 Basingstoke,
England: Springer Nature.
Shi, N. (2019). 6 Hershey, PA: IGI Global.
11 (2019). 11
Treiblmaier & Beck. (2018). 12 Springer.
Li, K., Chen, X., Jiang, H., & Bertino, E. (2019). Essentials of
blockchain technology. CRC Press.
Hyla. (2018). Application of blockchain and the use of
41. blockchain technology in the security trading system.
High risk
There is a very high probability that text in these papers was
copied from other sources. These papers include quoted or
paraphrased text in excess and need to be reviewed for
plagiarism.
Overall Text Similarity
Average Match
61 %
Highest Match
61 %
Dr. Ben PCA.docx
Student paper
Today blockchain is still in its underlying stage. Different
industries are waiting for additional blockchain interruption,
particularly around the use of this innovation to carry out
various processes. Finance experts are looking for plans that
can help their compliances in the regulated condition where
they should be well furnished with innovation to adjust to new
changes in the reserve administration. Today all almost every
monetary controller/regulator is indicating enthusiasm for using
blockchain innovation in different industries. The fundamental
objective of blockchain-based applications is to set up a shared
source of truth for all users on the system whether or not they
have different plans.
Original source
Today blockchain is still in its underlying stage Different
industries are waiting for additional blockchain interruption
particularly around utilization of innovation to oversee
42. guidelines Budgetary specialists are scanning for arrangements
that can help their compliances in the regulated condition where
they should be well furnished with innovation to adjust to new
changes in the reserve administration Today all almost every
monetary controllers/regulator are indicating enthusiasm for
using blockchain innovation in different industries The
fundamental objective of blockchain based applications is to set
up a shared source of truth for all on-screen characters on the
framework whether or not they have conflicting plans
Student paper
Student paper
Blockchain will both introduce new business models as well as
disrupt current business models. The most near-term use case
for blockchain is in the financial industry. Blockchain is
proving to be incredibly useful for organizing financial data in
terms of security and transparency. It's possible that within 5-10
years, a substantial share of the world's financial services will
be based on blockchain technology (Tapscott, 2018). Legacy
institutions need to adapt to the new technology or are at severe
risk of being faced out. Original source
Blockchain will both introduce new business models as well as
disrupt current business models The most near-term use case for
blockchain is in the financial industry Blockchain is proving to
be incredibly useful for organizing financial data in terms of
security and transparency It’s possible that within 5-10 years, a
substantial share of the world’s financial services will be based
on blockchain technology Legacy institutions need to adapt to
the new technology or are at severe risk of being faced out
(Arun et al, 2019)
43. Student paper
Blockchain technology will cause a paradigm shift in business
practices in different ways. To start with, businesses that use
blockchain technology in their transactions will be able to
remove intermediaries, thereby increasing efficiencies and
reducing costs, saving money (Arun et al., 2019). In addition to
business using blockchains to increase efficiencies and reduce
costs, business organizations focused on the blockchain
business itself will generate revenue. This will be possible
through a series of blockchain-related serves such as blockchain
as a service, blockchain system consulting services, blockchain
mining centers, and blockchain hardware, and so on. On top of
making money, organizations will have the advantage of
significantly reducing costs and increasing efficiency and
transparency of their different departments, products, and
services without leaving aside the optimization in security.
Original source
Blockchain technology will cause a paradigm shift in business
practices in different ways To start with, businesses that use
blockchain technology in their transactions will be able to
remove intermediaries, thereby increasing efficiencies and
reducing costs which save money (Arun et al, 2019) In addition
to business using blockchain to increase efficiencies and reduce
costs, business organizations focused on the blockchain
business itself will generate revenue through a series of
blockchain-related income Such as blockchain as a service,
blockchain system consulting services, blockchain mining
centers, and blockchain hardware and so on On top of making
money, organizations will have the advantage of significantly
reducing costs and increasing efficiency and transparency of
their different departments, products and services without
leaving aside the optimization in security that is the common
denominator in companies that use software and handle
sensitive information
44. Student paper
Since its inception, blockchain technology has proved to be
useful in various business sectors (Kietzmann et al., 2019). The
fact that blockchain is distributed and offer peer-to-peer
connection makes it ideal for multiple business activities. These
features will change how business owners carry out their day to
day activities. Despite its benefits, business owners have some
concerns about blockchain security, as well as whether its
implementation will pay or not.
Original source
Since its inception, blockchain technology has proved to be
useful in various business sectors (Arun et al, 2019) The fact
that blockchain is distributed and offer peer-to-peer connection
make it ideal for various business activities This feature will
change how business owners carry out their day to day
activities Despite its benefits, business owners have some
concerned about blockchain security, as well as whether its
implementation will pay or not
Student paper
Blockchain technology will completely change how the human
resource department conducts its operations (Kietzmann, J., &
Archer-Brown, 2018).
Original source
Blockchain technology will completely change how human
resource department conduct its operations
Student paper
The use of blockchain technology will enable employers to
45. interact with the job applicants where they will respond to
questions on their qualifications, for instance, if they have a
specific requirement with a yes or no answer. Original source
This will enhance relationship between employers and job
applicants where they will respond to questions on their
qualifications for instance if they have a certain qualification
with a yes or no answer
Student paper
The ability to store and exchange information will revolutionize
the relationship between companies and employees. Also,
blockchain technologies will allow organizations to easily
coordinate work processes, increase employee engagement, and
objectively test labor productivity (Obrist & Hari, 2019).
Original source
The ability to store and exchange information will improve the
relationship between organizations and employees In addition,
the use of blockchain technologies will allow organizations to
easily coordinate work processes, increase employee
engagement and objectively assess employee performance
Student paper
By implementing blockchain-powered technologies, human
resource professionals will be able to optimize their workforce
management and development standards to a large
extent. Original source
By implementing blockchain-based solutions, it will be easy for
human resource experts to optimize their staff and development
standards to a large extent
Student paper
Blockchain comprises a unique set of blocks based on
46. cryptographic principles, and each such block can hold data
value.
Original source
It involves a set unique blocks which are based on
cryptographic concept, each block can hold valuable data
Student paper
payroll will be made accessible because employee information
will be stored in a decentralized database, which will be
updated automatically, providing crucial information to the
human resource department.
Original source
Once this technology is implemented, the process of
maintaining and monitoring employees payroll will be made
easy since employee information will be stored in a distributed
database which will be updated automatically providing crucial
information to the human resource department hence improving
their operations
Student paper
In the supply chain, blockchain can be used to track products
from the manufacturer to the end-user. This is helpful for the
business owner as they can trace a product source as well as
recover the lost product (Hyla, 2018). Business activities will
be transparent because each event is recorded in blockchain
hence enhancing trust between business owners and
clients. Open business activities create a good relationship
between business, stakeholders, and clients. Businesses will use
the information on the blockchain to search for potential
stakeholders and providers, and this will save time and ensure
that only credible partners are allowed in the
business. Interaction between business owners and stakeholders
47. will be made possible as blockchain will enable entities to post
their feedback as well as respond to other parties’ feedback
(Arun et al., 2019). Financial statements will be readily
available for scrutiny by stakeholders and other interested
parties, enhancing transparency. Investors will be able to make
their projections based on information provided rather than
waiting for agencies ratings, which might be exaggerated and
outdated (Treiblmaier, 2018). The fact that blockchain will be
updated instantly guarantee that interested parties will always
be up to date with business operations.
Original source
In a supply chain, blockchain can be used to track products
from the manufacturer to the end-user This is helpful for the
business owner as they can trace a product source as well as
recover the lost product Business activities will be transparent
due to the fact that each activity is recorded in blockchain hence
enhancing trust between business owners and
clients Transparent business activities create a good relationship
between business, stakeholders and clients This will not only
save time but will also ensure that only credible partners are
allowed in the business Interaction between business owners
and stakeholders will be made possible as blockchain will allow
entities to post their feedback as well as respond to other
parties’ feedback (Arun et al, 2019) Financial statements will be
readily available for scrutiny by stakeholders and other
interested parties enhancing transparency Investors will be able
to make their own projections based on information provided
rather than waiting agencies ratings, which might be
exaggerated and outdated The fact that blockchain will be
updated instantly guarantee that interested parties will always
be up to date with business operations
Student paper
Blockchain might be one technology, but it has applications
48. across multiple industries. Whether we talk about healthcare or
finance, politics, or manufacturing, there are ways to implement
technology in different ways. For instance, transparency and
accuracy in voting can be achieved with tokenized votes in any
significant election. In the same way, banking services can be
made more accessible, affordable, and faster with
cryptocurrencies. There are many other applications of
blockchain, and change has already begun. It won't be wrong to
assume that a significant shift in blockchain adoption can be
observed within the next five years. Blockchain can change how
all industries operate, primarily how business transactions are
conducted and verified. It is easy for organizations to find the
right people to fill a specific position within the organization as
there will be a database containing this information. Vetting and
screening candidates have been made easy. The social effect of
blockchain innovation has just started to be acknowledged, and
this may simply be a hint of something bigger. Cryptocurrencies
have just created doubts over financial services through digital
wallets, the rollout of ATMs, and the arrangement of advances
and installment frameworks (Chen et al., 2019). While
considering the way that there are more than 2 billion people on
the planet today without a bank account, such a move is
undoubtedly an actual life changer. Original source
Blockchain might be one technology but it has applications
across multiple industries Whether we talk about healthcare or
finance, politics or manufacturing, there are ways to implement
the technology in different ways For instance, transparency and
accuracy in voting can be achieved with tokenized votes in any
major election In the same way, banking services can be made
more accessible, affordable, and faster with
cryptocurrencies There are many other applications of
blockchain and change has already begun It won’t be wrong to
assume that a major shift in blockchain adoption can be
observed within the next 5 years Blockchain can possibly
change the manner in which all industries operate, especially
the manner in which business transactions are conducted as well
49. as verified It will be easy for organizations to find the right
people to fill a certain position within the organization as there
will be a database containing this information Vetting and
screening candidates will be easy The social effect of
blockchain innovation has just started to be acknowledged and
this may simply be a hint of something bigger Cryptocurrencies
have just created doubts over financial services through
computerized wallets, the rollout of ATMs and the arrangement
of advances and installment frameworks While considering the
way that there are in excess of 2 billion individuals on the
planet today without a bank account, such move is surely an
actual life changer and must be a positive one
Using the Google scholar website locate articles discussing
different use of Blockchain Technology.
Write a literature review about Blockchain Technology.
Your final document should include an Abstract and a
Conclusion. This assignment should be in APA format and have
to include at least 12 references.
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Class: BLCN 531 Introduction to Blockchain and Crypto-
currency
Assignment: Practical Connection Assignment
Length: Minimum of 2000 words.
Due date: June 14 , 2020