PEST Analysis sample-online trading

POLITICAL IMPLICATIONS:-

During the last elections, the political environment has affected the stocks a lot. As the government changed against the people’s expectations, the prices of the scripts went down steeply than expected.

NDA government was expected and instead Congress was the ruling one. When it wasn’t yet decided who will be the next prime minister, the markets went down to the lowest in the last 8 years. There was a drop of about 800 points on 17^th May, the black Monday. The markets were closed after a 500 drop at 11:10 p.m. for two hours and were re-opened and closed again due to a constant fall in sensex. This affected the turnover highly and many investors especially those dealing with derivatives just decided to be out of this volatile and risky market.

Even, new investors who wanted to start investing or had just started investing were stepped back by this fall. Some of the local brokers had to stop their business or borrow from others.

Also, there was a very high lot size of 2, 50,000 shares of Reliance Industries Limited ready for sale in the market and transactions were executed every minute. Then, again when Mr. Manmohan Singh became the PM, markets gained. Right now, the markets are still volatile, suited more for intra-day trading than investments.

ECONOMIC IMPLICATIONS:-

The budgets affect the stock markets heavily. It has a relation to stock market as people’s income is connected to it. The tax brackets play an important part in this. If a person has high income and falls under the 30% tax bracket, he would not opt for online trading (as higher the profits, higher the tax he has to pay).

In such economic environment, people prefer to trade offline, wherein their profits remain un-booked as per their wish.

SOCIAL IMPLICATIONS:-

Online trading is being adapted by more and more people each day. Youngsters have started trading in large numbers too. The society as a whole is moving towards technology in this digital revolution age. Women in corporate world or housewives have started earning through this way of smart trading sitting at home or in their offices. Thus, in this changing technological scenario, e-trading clicks in people’s mind along with e-shopping, e-governance. Globalization has brought about a change in consumers who want ease and comfort in trading everywhere they move.

Again, it’s a different story during black Mondays or at the time of losses, when the income from the main business gets lost in the stock markets. These affect the society in the sense that people have given their lives loosing in stock markets. This is an adverse implication of stock market as a whole.

TECHNOLOGICAL IMPLICATIONS:-

As this is online trading, one has to be constantly in touch of the latest developments in the technological field. If the competitor has a better portal due to developments in software, then there is a chance of loosing market share. Recently, applet-based software is used which is enabled by Java to get the basic portal. Even, the speed of execution and internet connection used by the company affects the customers. Some online trading accounts demand a particular browser, so one has to be continuously upgraded with new technological developments in the market.

3C Report (SIP Project)

The Company: You should understand the company as a whole by going through various departments of the company. In addition, also understand the position of the company vis-à-vis the industry in which the company is operating. In trying to understand the position of the company, the following aspect may be studied:

Marketing: Product Portfolio, Distribution Network, Sales force, Pricing, Promotion strategies, Customer service, Market share, Market structure, Competition, Measurement metrics etc.

Human Resources: Organization structure, Organization chart, Senior management, Departments and functions, Staff strength, Recruitment, Training and Development, Appraisal and Retention practices, Retention issues, Measurement metrics etc.

Operations: Functions, Processes, Facilities, Measurement metrics etc.

Finance: Capital structure, Financial ratios, Performance metrics etc.

The Customer: You should understand the products of the company and the customer profile. Efforts should be made on various aspects of understanding the customers, their segmentation, product positioning, buying pattern etc.

The Competition: You should understand the competitor for the products marketed by the Company

SWOT Analysis: You should study the economic environment in which the company is operating, understand its progress in the past and based on the same; analyze the strength, weaknesses, opportunities and threats to the company. The SWOT analysis should provide insights into the company’s future prospects and the strategic directions.

Who’s Who: You should know and prepare a report on

(a) The immediate operations team including the company guide and supervisors

(b) Departmental heads at the SIP company

(c) Chief Executive Officer/Managing Director and other top management team members of the company.

Motivating Quotes-2

• The beginning is the most important part of work - Plato
• Change is hard because people overestimate the value of what they have and underestimate the value of what they can gain by giving that up - James Balesco and Ralph C Stayer
• Take the first step in faith. You don't have to see the whole staircase, just take the first step - Dr. Martin Luther King Jr
• Achieving starts with believing - Anonymous
• People who enjoy what they are doing invariably do it well - Joe Gibbs
• Do not go where the path may lead, go instead where there is no path and leave a trail - Ralph Waldo Emerson
• The unlimited power that lies sleeping within you; let it slumber no more - Anthony Robins

Motivating Quotes-1

Vision helps us see the possibilities of tomorrow within the realities of today, and motivates us to do what needs to be done

• Dreams are extremely important. You can’t do it unless you can imagine it. (George Lucas)
• Superstar Wayne Gretzky holds more hockey records than anyone in the history of the sport. When asked about his success, season after season, Gretzky said, “I skate to where the puck is going, not to where it’s been.”
• Peak performers want more than merely to win the next game. They see all the way to the championship. They have a long-range goal that inspires commitment and action. (Charles A Garfield)
• The trouble with not having a goal is that you can spend your life running up and down the field and never scoring. (Bill Copeland)
• When a man does not know what harbor he is making for, no wind is the right wind. (Seneca)

Question Bank for MBA-Healthcare students

1. Explain the Von Neumann Model in detail.
2. Differentiate between-
a. Primary & Secondary Memory
b. Hardware & Software
c. Program & Algorithm
3. Explain the computer generations in detail.
4. Write a short note on the need of operating system.
5. Explain the functions of an Operating System in detail.
6. Explain the different categories of operating system.
7. Differentiate between Menu driven & command driven shell.
8. Explain the following functions of an operating system in brief-
a. Memory Management
b. Device Management
c. File Management
9. Differentiate between Application software & system software.
10. Differentiate between Packaged and customized software.
11. Differentiate between Machine language & Assembly language
12. Differentiate between Interpreter and compiler
13. Differentiate between Procedural and non-procedural language
14. Write a short note on-
a. Batch Processing
b. Real time processing
c. Online processing
15. Explain System Development Life Cycle in detail.
16. Explain FLOWCHART in brief.

17. Explain the following constructs of a programming language
a. Sequence
b. Selection
c. Iteration
18. Define following terms
a. Syntax
b. Semantics
c. Pragmatics
19. Define following terms
a. Field
b. Record
c. File
20. Explain the following File organizations
a. Heap
b. Sequential
c. Index Sequential
d. Direct
21. Explain database and different categories of DBMS.
22. Explain the basic operations of a RDBMS.
23. Define following terms in context of a database-
a. Tuple
b. Relation
c. Domain
d. Attribute
e. Primary Key
f. Foreign Key
g. Cardinality
h. Degree
i. Composite Key
j. Data Dictionary
k. Database Administrator
l. Integrity constraints
24. What is Network? Explain its advantages in detail.
25. Explain the different types of networks in detail.
26. Differentiate between Point to Point and broadcast networks.
27. Explain the different types of network topologies in detail.
28. Write a short note on network protocol.
29. Differentiate between simplex, half duplex, & full duplex transmission technology.
30. Explain the key features of MS-Word.
31. Explain the key features of MS-Excel.
32. Explain the key features of MS-PowerPoint.
33. Explain the key features of MS-Access.
34. Explain the concept of E-Commerce, its advantages and disadvantages in brief.
35. Write a short note on EDI.
36. Explain the different categories of E-commerce transactions.
37. Explain the concept of Information System in detail.
38. List down the different categories of Information Systems.
39. Explain the quality attributes required for a good IS.
40. Explain TPS, MIS and DSS in brief.
41. Explain Hospital Information System.
42. Explain the concept of Tele-medicine in detail.
43. Explain the concept of EMR in detail.
44. Write a short note on the role of IT in hospital management.
45. Explain the concept of Tele-consultation in detail.

Classroom Management Tips-5

Part V: End Procrastination

By now you have received a number of tips to help you become an effective classroom management teacher. The whole basis of these tips, and this report, is to teach you how to take a proactive approach to classroom management.

However, even if you are using all these tips, even if you are using the "all-write" strategy and the "pair-share" strategy, even if you are using video, critical thinking questions, and making connections to student's interests, even if you are making your objectives clear, and checking for understanding, and even if you are giving very specific directions...you still have problems.

The problem is it doesn't matter how proactive you are or how many tricks you use to try to get students involved, some students still just don't do anything, they simply procrastinate as long as they can.

Don't get me wrong, these students are more than capable, they just simply procrastinate. They are the ones that say, "I don't get it" as an excuse for "not doing it".

The trick to solving this frustrating problem is in how you "monitor" the room after you give a set of directions.

First of all, you need to understand that teaching today does not involve the teacher sitting, or even standing, in one place. An effective classroom management teacher is constantly moving about the room. How else can you truly monitor student work?

Now, there is a tendency for teachers to want to go to their less-abled students first. This is natural, but it is also a mistake.

If you go to your less-abled students first, who require more time, your procrastinators will simply procrastinate longer. Instead, you want to go to your procrastinators first with a quick "hit and run".

Here are the steps:

First, give a set of directions.

Next, go immediately to your procrastinator and tell him, "I'll be back in 30 seconds (or whatever specific time you choose), and I want to see you do this". Be very specific. For example, "Amit, I asked you to answer questions 1 through 5 based on the reading. I want to see you answer question number 1 right now. I'll be back in 30 seconds to see how you did."

Third, make absolutely sure that you return to the procrastinator in the time you specified and continue in this manner. For example, "Great Amit, now answer the next three I'll be back in 1 minute and thirty seconds."

Procrastination is planned or intentional stalling. Getting these students on task doesn't take much, it just takes persistence.

Do this a few times and you will see your procrastinators stop procrastinating.

The simple fact is they would rather do the classwork than have you keep bothering them.

By getting the procrastinators started on the task they will now be involved in the classwork, and therefore, much less involved in any mischief.

Not only that, but now you can actually spend "more" time with your less-abled students.

Classroom Management Tips-4

Part IV: Be Specific

In Classroom management tips-3, I discussed the connection between student confusion and classroom management. Another way teachers can reduce student confusion is by "being specific" with their directions.

For example, there is a big difference between these two statements:

"Take a few minutes to answer the questions."

And...

"Take 3 minutes to write down answers to questions 1 through 5 on your own."

See the difference.

Now, of course, the next step would be to check-for-understanding (classroom management tips-3) by simply having a student repeat back the directions.

Actually, I would have one student repeat back how much time the students have to complete the task, another student to repeat which questions they are going to answer, and I would ask a third student who they were allowed to work with on the assignment.

Speaking of being specific, did you notice that I attached a very specific time limit to the task? This is important. Whenever you put students on a particular task make sure to attach a very specific time limit. In other words, you are putting your students "on-the-clock".