Paragon investors, Vvsion of an organization and strategic planning Essay

Paragon investors, Vvsion of an organization and strategic planning - Essay Example In response, the directors John convened the Willamette renovation project to increase an incorporated management strategy to address the customer’s satisfaction, and how to make their company the best. Dr. Paul John oversees the implementations. Board members include representatives of business, local supervision utilities, communication media, investors, groups, and state and centralized management. The Executive Director, Mr. Rick James, and others staffed the Board’s efforts. Through a series of working groups, research and presentation, the company has been able to achieve its organization goals. Focus groups and stakeholder feedback and comments have also made the company be well know by many investors and have received many awards. Paragon investors accomplished its mandate when it presented its Strategy to the administrator and State elected representatives in February 2001. However, development of an inclusive strategy is just the development in the which has made the company be in the position of delivery it is today. I believe in the five years tomes this company will be known by the people how make the best investment because it has grown in to a leading investment company in a remarkably short time.... Most strategic plans deal with high level initiatives and reaching the organization goals, but don't get converted into in-progress projects and responsibilities that will be required to accomplish the plan. The following expressions have been used in strategic planning: preferred end states, tactics, policies, goals, objectives, strategies and actions. For an organization’s vision and objective to be effective, they must be made into the organization's culture. They should also be checked within and outwardly. The interior appraisal should focus on how staff inside the organization interprets their vision statement. The outer evaluation, which includes all of the businesses stakeholders, is essential since it offers a different viewpoint. There is a significant connection between vision and object. The planners must make sure that when there are planning they should know the vision of the organization. They should make sure that when planning they should stick to the vision o f the organization goals and objective. Vision of the organization help in implantation of the set objective of the organization goals, when an organization has set a period of a give time flame they make sure that, through planning, they are able to deliver the purpose of the organization. Many organizations have a close connection between objective and vision of the organization since the vision help in setting of the goals that need to be achieved. This also helps the managers of the organization as a guide line of what should achieve within a given time. 0rganization make sure that the objective and vision are well implemented to make that the achievement of the stet plans and organization goals are achieved. Strategy implementation is

The growth of internet gambling and the implications for regulation Essay

The growth of internet gambling and the implications for regulation and harm minimisation in Australia - Essay Example Based on the discussion and analysis, it has been analyzed that Australia has become one the major countries in online gambling industry. The economic benefits which gambling industry has been providing to Australia stopped the government to pursue the effective harm minimisation programs. Today, online gambling has increased the concerns for Australian regulators because of the increasing problem gambling, crime rate etc. Even the harm minimisation programs have been unsuccessful to curb the growth of increasing internet gambling. It can be projected based on the current growth of internet gambling that soon gambling will become the largest industry of Australia and concerns will further increase. If Australian government pursues stricter legislative framework and other strategies to stop the growth of internet gambling, it forgoes the huge economic benefits. If Australian government keeps pursuing the current strategies then current growth will keep its pace. On the other hand, if Australian government introduces more flexible policies, then economic issues can increase however, the government can enjoy huge influx of revenues. Therefore, in which direction Australian government should go, completely depends on the long-term economic strategies of the government. However, one important thing which this research essay has highlighted is that growing online gambling does have significant implications for Australian government and harm minimisation. In the beginning, all original forms of gambling were prohibited however, gradually all of them were legalised. The online gambling started in Australia in 1996 in the Northern Territory and in 2001, when the federal government legalised internet gambling, Interactive Gambling Act 2001 was introduced. (Hsu, 2006). Since then gambling industry of Australia is expanding and growing very rapidly and it has even created a lot of challenges for the Australian economy. What Australian Government has been Doing to Control O nline Gambling in Past? Internet gambling has established new challenges for the regulators because unlike traditional casinos, the online gambling websites cannot be closed (Schwarz, 1999). Therefore, because of the nature of online gambling, it could be only controlled through government regulations. Even after legalising gambling, Australian Government has always remained concerned to monitor and control online and traditional gambling. The Australian Government has taken the regulatory responsibility of online gaming and according to Interactive Gambling Act 2001, government has made domicile online gaming site illegal for the Australian residents and these websites only target the oversees community. However, despite the control through regulations and legislations, Australian Government is facing problems in control the internet gambling market in Australia (Fabiansson, 2010). Australian Gambling Regulation controls gambling in Australia. With the growing online gambling, Aust ralian Government introduced Australian Interactive Gambling Act (IGA) 2001 which bans online gambling in Australia. According to this Act, offering interactive gambling service to an individual physically present in Australia is an offense. If a person commits this offence, he is subject to a penalty of $220,000 per day if he offers services to individuals and penalty of $1.1 million per day if he serves corporate bodies. Moreover, online wagering and lotteries are not prohibited (Humphrey, 2008). The online gambling costs are increasing and to minimise harm from gambling activities, harm minimisation strategies are in place. To achieve harm minimisation, Australian Government has adopted three strategies; first, through direct regulation of internet gambling sites; second, covering online gambling within the broader gambling regulation framework; third, achieving harm minimisation through non-regulatory approaches (FAHCSIA, 2009). Growth in Online Gambling in Australia The Austral ian economy realised the growing trends in traditional and internet gambling with the increase in household spending on gambling. With the expansion of gambling in Australia, the proportion of money spent on gambling per household also increased from 1.7 percent in 1982-1983 to 3.2 percent in 1997-1998 (Australian Bureau of Statistics, 2000). In 2002-2003, around Australian $18.54 million were spent on internet gambling in Austr