Business system Assignment Example | Topics and Well Written Essays - 1250 words

Business system - Assignment Example The system combined information system with indicators in the identification of parking areas. The project is affected by time and resource limitations. The financial resources required to plan for and implement the parking system, should be effectively budgeted for. The system should be implemented by a competent computer programmer in consultation with the building architect. It is thus assumed that MUN has adequate finances that will be used in implementing the project. The project also requires 2 months to be a success. It is thus expected that MUN has adequately created a schedule for the implementation of the parking system project. It is also assumed that the project will be environmentally friendly. This is through minimizing fuel use, because drivers quickly notice available parking slots. The Car Park Guidance System (CPGS) gives drivers dynamic data concerning parking in a controlled environment, like in the parking area of MUN. CPGS is alternatively referred to as the Parking Guidance and Information systems (PGI). CPGS integrates traffic monitoring, variable message sign, GPS, communication and processing technologies, to give the service. The modern parking spaces apply several technologies that assist motorists in; getting parking lots that are unoccupied, locating their vehicles, and also enhancing their parking experience. The technologies involve adaptive lighting, indoor positioning system (IPS), sensors, and also space led indicators. The red indicator illustrates an occupied space, the green indicator illustrates available space, and the blue indicator illustrating reservation for the elderly. The PGI is a key component of the intelligence transport system, which is mainly applicable in urban area environments and institutions like the MUN. The PGI assists in the implementation of an effective, efficient, environmentally friendly, and safe parking space. The PGI system operates

Key Principles of Corporate Governance Essay Example | Topics and Well Written Essays - 1500 words

Key Principles of Corporate Governance - Essay Example The role of corporate governance has, therefore, become increasingly vital to the strategic management of the organization and projection of its aims and objectives in the eyes of the public and other stakeholders. Corporate governance can be broadly defined as the creation of business environment within and outside the organization that would effectively meet the challenges of the time and improve and improvise the productivity of the performance outcome. The lack of effective controls vis-Ã  -vis malpractices in accounts and auditing, security of confidential information, corrupt practices in the higher hierarchy of management, disparity in rules and regulation etc. have become crucial risks factors that have resulted in huge economic loss for its shareholders as well adversely affecting its credibility in the market. Hence, in the fast changing environment of globalization, business compulsions have become more stringent in their nature and factors like accountability, responsibility and reliability have become important pre-requisites for business to create a credible environment for their trade and investment. ‘Corporate governance framework should recognize the rights of stakeholders established by law or through mutual agreement..’ (Du Plessis, 2005, p.36). The key principles of corporate governance are described and ranked in order of importance as under: ‘Corporate disclosure to stakeholders is the principal means by which companies can become transparent’ (Solomon, 2007, p143). Thus, Corporate Governance promotes effective control measures to safeguard the interest of all its stakeholders, investors and business partners. Under the codes of corporate governance, the disclosure mainly relates to the policy of the company to disclose relevant information about its budgets, annual financial statements