Business Enviroment - 656 Words

Market structures In this part of the report I will explain the different type of market structures I will give advantages and disadvantages for all and how they have direct relationship with pricing and output decisions. Monopoly A monopoly in the market structure controls the industry; it is the one and only business in that industry. The entry barriers are very high a somewhat impossible to get in and out of, they have no competition so can set quite high prices depending on the demand for the product and set government regulations. Advantages for Monopoly is the business can make huge profit but as this would be an advantage for the business this would also be a disadvantage as they have control over pricing they will set high†¦show more content†¦With easy entry and exit of the market there are a lot of businesses selling the same product or service at the same prices, businesses in perfect competition are price takers they have little control over the prices of their product as there are so many small businesses in perfect competition none has control over the industry. Disadvantages for perfect competition in the market is no businesses will have an upper hand on their competition with a lack o f product to choose from they are all selling the same product at the same price. An advantage for perfect competition is that the business will know when the consumer’s demands change from which they can respond to their wishes. Monopolistic competition Monopolistic competition in the market structure has many businesses selling similar but none identical products with free entry into the industry businesses are competing against each other. The businesses in this industry have some control over the prices they charge but with none of the company’s being big enough to make a difference to the prices over the whole industry. Businesses must find themselves quickly in the market to know if they are going to profit or loose from their investment. Advantages for monopolistic competition in the market are with no entry barriers disadvantages for monopolistic competition it because they have some power over the market they can rise or lower their prices. Market structure has a direct relationship withShow MoreRelatedEnviroment of Business1170 Words   |  5 PagesENVIRONMENT OF BUSINESS ASSIGNMENT Describe 6 Forces that Operation Managers go for or look out for in the Environment of their Businesses or Organizations. There are many forces that Operations managers go for or look for in their business environments. They Include: 1. Threat of New Entrants – The easier it is for new companies to enter the industry, the more cut-throat competition there will be. Factors that can limit the threat of new entrants are known as barriers to entryRead MoreP1 Business and the Enviroment636 Words   |  3 Pagesmeet in some of their meat products. Another factor is tax and in the last seven years, Iceland has paid over  £500 million in tax which Malcom Walker says is a good return but Walker said that the government still try and ‘snuff the fun’ out of business by taxing as a benefit. Another social factor was the customers and who might be more likely to buy the frozen food products. With this in mind, they advertised the products at Iceland to be good value to mums with children and they used the sloganRead MoreD1 Business Enviroment Essay2278 Words   |  10 PagesD1Influence of Stake Holders on Reigate College (Evaluate the influence different stakeholders exert in Reigate College) Reigate College Introduction: In this report I am going to investigate into Reigate College and evaluate into the business how different stakeholders in the organisation have an impact on the college all together. Evaluating which of the stakeholders has the most power and those who have the least power and impact on the college, also what roles they play towards the collegeRead MoreSocial Factors Affecting the Business Enviroment and People Around It1614 Words   |  7 PagesEducation and Language The average level of education in a society affects the interests and sophistication of consumers. For example, in a community in which a high percentage of potential customers have some form of post-secondary education, small-business owners might use more details and explanations while advertising and promoting products. The spoken language of the community is a decisive factor on the labeling and advertising of the products. Consider the foreign language skills in the societyRead MoreBtec Level 3 Business Business Enviroment Essay725 Words   |  3 PagesUnit 2: Business Resources – Assessment activity front sheet This front sheet must be completed by the learner (where appropriate and included with the work submitted for assessment Learner name: | Assessor name: | Date Issued: | Hand in date: | Date submitted: | Qualification :BTEC Level 3 National Business | Unit 2 – Assignment 1Business Consultancy | Criteria Reference | To achieve the criteria the evidence must show that the learner is able to: | Taskno | CriteriaAchieved | DateRead MoreHnd Business Enviroment Level 5 Essay3475 Words   |  14 PagesSUMMARY There are many differences between business organisations, beginning with the purpose and goals of an organisation. Business organisations belong to various different categories including the private, public and non-profit sectors. This assignment will discuss a business organisation from each of those sectors, outlining the purpose, objectives, and stakeholders of each. It will also discuss the different ways that global factors and market structures can impact each of those companiesRead MoreP5,M2 Unit 1 Business Enviroment Essay1604 Words   |  7 Pagesthat I would be describing about are recession and growth on the business activities of John Lewis. Growth occurs when more goods are being produced and consumed, and also incomes are rising. During growth people spend more money on goods and services as they have more money to spend and also businesses would invest more and hire more labour as it links to increasing demand. Recession however occurs when people involved in busines s become more cautious so they cut their spending down and also cutRead MoreBusiness Enviroment Unit 1 Task 12398 Words   |  10 PagesUnit 1: Business Environment Assignment 1 Understanding the Purpose of Business of Marks and Spencer PLC Introduction This assignment will focus on identifying the mission, values and key objectives of Marks and Spencer PLC and also access the influences of three of their stakeholders. It will also explain the responsibilities of the organisation and the strategies employed to meet them, overallRead MoreSocial Factors Affecting the Business Enviroment and People Around It1608 Words   |  7 PagesEducation and Language The average level of education in a society affects the interests and sophistication of consumers. For example, in a community in which a high percentage of potential customers have some form of post-secondary education, small-business owners might use more details and explanations while advertising and promoting products. The spoken language of the community is a decisive factor on the labeling and advertising of the products. Consider the foreign language skills in the societyRead MoreUnit 201 - Principles of Personal Responsibilities Working in a Business Enviroment2207 Words   |  9 PagesL2 Certificate in the principles of business admin Unit 201 - Principles of personal responsibilities and working in a business environment 1.1 – Identify the main points of contracts of employment When starting a new job everyone will be given a contract of employment by the employer, in this contract there are a few points that you will notice such as your name, employers name, where you will be working, contact information etc. The most important points you will find are * Salary – This is

Phineas Gage Suffers a Traumatic Brain Injury - 1289 Words

Phineas Gage, a 25 year old construction worker is known as one of the most famous patients that suffered from a traumatic brain injury. While working at a railroad site, an iron tamping rod (43 inches long, 1.25 diameter) went through his left cheek, through his brain, and out the skull. He surprisingly ended up surviving this traumatic injury. After a month in the hospital, he was back out on the street. Once a nice, caring person, Phineas turned into an aggressive man who could not even keep a job. Just like Phineas Gage, a TBI can potentially change everything. Brain studies on traumatic brain injuries are increasing every year. Even though the brain is very functional, brain injuries can have many physical, emotional, social, and†¦show more content†¦These cases may potentially be long-term or even forever (Bellamy 30). Long-term consequences have many different effects. There are four categories that a person with long-term effects may suffer: alteration of consciousness, cognitive difficulties, physical difficulties, and emotional/behavioral difficulties. They may have problems thinking, learning, talking, walking, and remembering for the rest of their lives. Any person that has had a brain injury is at risk of later having a seizure. Seizures are a result of damaged cells in the brain and can occur right after or even years after having a TBI. The rehabilitation for people with traumatic brain injury is put into three different stages for medical care (Ross 40). These three stages are: inpatient, community integration, and lifetime of care. Each person’s rehabilitation process is different with the way they go through care. The healing process can last for months, or sometimes years. Those that go through the rehabilitation program function better than those that don’t. The two major goals are relearning and compensation. The relearning therapy stage in rehabilitation can be a slow process. This stage allows the nerve cells to help take control over the functions of all the damaged nerve cells. The relearning step is critical in getting the patient back to real life. The patient sometimes has to relearn simpleShow MoreRelatedEssay about Life After Brain Injuries1763 Words   |  8 PagesLife After Brain Injuries: Are We Still the Same People? During the summer of my junior year, a friend of mine, we will call her Jen, got into a horrible car accident. Apparently sitting in the middle of the backseat, only strapped in with a lap belt, my friend hit her head on the side window, smashing the window upon impact. After 3 weeks of being in a coma, my friend eventually recovered. Even though she was deemed physically healed, my friend was truly never the same. Not only had herRead MoreBrain Studies on Traumatic Brain Injuries1953 Words   |  8 PagesPhineas Gage, a 25 year old construction worker is known as one of the most famous patients that suffered from a traumatic brain injury. While working at a railroad site, an iron tamping rod (43 inches long, 1.25 diameter) went through his left cheek, through his brain, and out the skull. He surprisingly ended up surviving this traumatic injury. After a month in the hospital, he was back out on the street. Once a nice, caring person, Phineas turned into an aggressive man who could not even keep aRead MoreThe Human Nervous System2558 Words   |  11 Pagesthe formulation of appropriate responses. The motor output function is the conduction of signals from the integration centers to effector cells, which performs the body’s responses. The central nervous system (CNS) consists of the brain and the spinal cord. The brain and the spinal cord serves as the collection section of the nerve impulses. With damage to the peripheral nervous system the central nervous wouldn’t be able to interpret the stimuli’s because they wouldn’t be able to receive them.Read MoreThe Development Of A Sociopathic Personality Disorder Essay1879 Words   |  8 Pagesthe mind of their child promoting poor or otherwise delinquent behavior. The mother figure often times is the most important role model in a child’s early life, so naturally a sociopathic mother does not bode well for the offspring. Children that suffer from this misfortune often are either overly emotional or show no emotion, mimicking their parents behavior. Typically, the child will do poor in school and be more aggressive towards other students as a way of expressing their frustration. This isRead MoreStephen P. Robbins Timothy A. Judge (2011) Org anizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesRegulation 115 OB Applications of Emotions and Moods 115 Selection 116 †¢ Decision Making 116 †¢ Creativity 116 †¢ Motivation 117 †¢ Leadership 117 †¢ Negotiation 117 †¢ Customer Service 118 †¢ Job Attitudes 119 †¢ Deviant Workplace Behaviors 119 †¢ Safety and Injury at Work 119 †¢ How Managers Can Influence Moods 120 Summary and Implications for Managers 121 Self-Assessment Library How Are You Feeling Right Now? 98 Self-Assessment Library What’s My Affect Intensity? 104 Myth or Science? We Are Better Judges of

Essay Slavery in the South - 631 Words

Slavery in the South The introduction of slavery in the Southern colonies helped the development of their economy. The plantation owners had no choice but to turn to slaves because of the lack of colonial workers and indentured servants. Slaves increased the productivity and profits generated by the huge plantations in the South because they had advantages over indentured servants. It also caused the South grow and develop different from the North, which would later lead to conflict between the two. There were many factors that caused the Southern colonies to adopt slavery into their society. Probably the biggest factor was that there weren?t very many colonial workers for the plantation owners to hire to work the†¦show more content†¦This shows that the South lacked in the white working force, forcing them to find another source of labor, African slaves. Another source of labor that was quickly dwindling for the plantation owners were indentured servants. In the first couple of waves of settlers that came over to the New World, many came over as indentured servants because it was the only way for them to pay for a trip over to escape the English economy and poverty. But the English economy began to improve and people didn?t need to come over anymore causing even more trouble for the plantation owners to find people to work the fields. Without slaves, it would have been very hard for the South to become productive. Huge plantations that required hundred?s of workers never would have made it during the 1600 and 1700s. The introduction of slaves greatly increased productivity and profits for the South. Using slaves had advantages over indentured servants. First, children that were born from an enslaved woman were property of the person who owned the slave that had the child. This meant that slave owners wouldn?t have to buy new slaves if old slaves died. Since the slaves were a different color than the colonists, run-a-ways could be found easier and therefore plantations didn?t loose as many slaves as they would have if they were using indentured servants. Slave owners also found out that even though slaves were more expensive than indentured servants, they proved to beShow MoreRelatedThe Slavery Of The South1561 Words   |  7 PagesThe South, on the other hand, was highly dependent upon the institution of s lavery. It was still primarily an agricultural society that needed as many laborers as possible in order for the plantation owners to make ends meet. According to historian Douglas Harper, â€Å"In 1793 came the cotton gin, which brought a 50-fold increase in the average daily output of short-staple cotton, promoted the rapid expansion of a ‘cotton kingdom’ across the Deep South, and made large-scale slavery profitable.† BecauseRead MoreThe Slavery Of The South Essay810 Words   |  4 Pages The South was Agricultural, while the North had become industrial. Dutch traders brought African slaves to Virginia in 1619. These slaves were often traded for casks of rum. Samuel Slater started one of the first factories in the North. Slater built a cloth factory at Pawtucket, Rhode Island. In 1839, Charles Goodyear discovered the process for vulcanizing rubber. Elias Howe, a Cambridge mechanic, invented the sewing machine in 1845. In 1973, Eli Whitney had invented the cotton ginRead MoreSlavery in the South Essay680 Words   |  3 PagesSlavery in the South A large majority of whites in the South supported slavery even though fewer of a quarter of them owned slaves because they felt that it was a necessary evil and that it was an important Southern institution. In 1800 the population of the United States included 893,602 slaves, of which only 36,505 were in the northern states. Vermont, Pennsylvania, Massachusetts, Rhode Island, Connecticut, New York, and New Jersey provided for the emancipation of their slaves beforeRead MoreEssay on Slavery Is The South682 Words   |  3 Pages Slavery is the South Essay #3 Slavery played a dominating and critical role in much of Southern life. In the struggle for control in America, slavery was the South’s stronghold and the hidden motive behind many political actions and economic statistics. By dominating Southern life, slavery also dominated the economic and political aspects of life in the South from 1840 to 1860. By the 1840’s and 50’s the Southern economy had almost completely become slave and cash crop agriculture based. WithoutRead MoreNorth and South on Slavery1040 Words   |  4 PagesThe North and South have very different views on slavery. This has lead to lots of tension and fighting. When people were first settling here they had slaves. It has been going on for almost 100 years. Starting around the Revolutionary war the North became opposed to slavery. They had less use for them as time went on. The South, on the other hand, felt they needed slavery. They had to harvest tobacco and cotton as fast as possible. They knew they couldn’t do it themselves so they bought lots ofRead MoreSlavery And The South America896 Words   |  4 PagesSlavery and The South The three ads about the slave runaway are seen most of them happing in the 18 and 19th in the Antebellum south and most of the ads are discussed in my paper basically coming from North Carolina. The slave runaway was considered a big issue back in that time especially for the slave owners who are relied on them to make their income and enhance their life economy. As seen on three ads and in reading different sources are pertained to slaves found that The North Carolina are reliedRead MoreThe South after Slavery1659 Words   |  7 PagesThe South After Slavery It is no secret that slavery was a huge part of the southern part of the United States for a very long time. Life below the Mason-Dixon Line was forever changed because of slavery and the effects it had on Americans. It is hard for this generation to imagine the discrimination because America is such a melting pot today. There are still some people who discriminate today, however, it is nothing compared to what it was several years ago. Although slavery was a negative thingRead MoreSlavery in the South Essay868 Words   |  4 PagesSlavery in the South Slavery of the Black man in America was the cruelest ever known to man. Europeans transported slaves from Africa as early as 1505. The African Slaves were first exploited on an island named Hispaniola, in the Caribbean by the Europeans to do labor work, before they were sent to the Americas. The women usually worked the interior cooking and cleaning while the men were sent out into the plantation fields to farm. These Africans were stripped of their homes, cultures, andRead MoreThe Slavery Of The North And South949 Words   |  4 Pagesas the dominate issue that produced The Civil War. The war was caused by many disputes such as sectionalism, expansion of slavery, and abolitionist. Although there were many issues some were consider to be much more influential than the others. These include sectionalism and the expansion of slavery. The North and South could not seem to stop arguing over the expansion of slavery to the west as well as their many differences in other areas. The southern economy being primarily agricultural did notRead MoreThe Slavery Of South Carolina895 Words   |  4 Pagescontrast to the other three colonies discussed, the institution of slavery in South Carolina was initiated, legalized, and maintained for distinct reasons; the founders of the colony felt that slavery was absolutely necessary for economic prosperity and their unwavering urge to protect the institution at all costs contributed towards the severity of the slave-enforcement acts and codes. By looking at the legislation passed in South Carolina, one can grasp the extent to which slaves were legally stripped

Economic And Cultural Impact On The Quality Of Democracy...

The study of how both economic and cultural factors influence differences in the quality of democracy across the globe is extremely important; insight into this specific political outcome will allow governments to analyse and promote potential democratic movement and policy as accurately as possible. In this essay I will use the most similar systems de-sign (MSS) to explore three case studies using statistical analysis of data with two de-pendent variables, in attempt to conclude the extent to which economic modernisation theory and cultural modernisation theory can explain variations in the quality of democra-cy in my chosen countries. I have chosen to study Algeria, Libya, and Tunisia due to their compatibility with the MMS design, given their variation in levels of democracy by Polity IV rating, yet their similarities regarding their strong Arab influence, geographical proximity, colonial history, religious and ethnic homogeneity, and their strong ties both historically and econom ically with Europe (Contreras, 2007, pp. 109-110). All three countries form part of the Maghreb region of northwest Africa which has historically experienced an enormously diverse flow of people across its territory, one example of this being its Euro-pean colonisation during the earlier twentieth century. Whilst each successive colonisation has heavily influenced the regions’ terrain and social habits, the Arab influence still domi-nates the region (Griffiths, 2015 p.166). This is easilyShow MoreRelatedImpact Of Globalization On Journalism On A Global Scale1677 Words   |  7 PagesPower and democracy play an extremely large role in media industries as well as spatial, economic and political inequalities. To understand this concept cultural labour, indigenous media practises as well as impacts of neoliberalism will need to be addressed to establish the impact of intensifies market forces on journalism on a global scale. (Lechner, 2002) Neoliberalism is the political monetar y standard of our time- it alludes to the approaches and techniques whereby a relative handful of privateRead MoreCritical Thinking of Globalization1030 Words   |  5 Pageswidely broadened in today’s scenario. It is defined as a progression of unification of diverse countries across the globe enhanced by foreign trade, international investment, flow of technology and labour. Globalization has diversely affected the political, social, cultural condition of various countries in negative and positive manner. (1) (10) 2)Argument Against Globalization 2.1) Global Economic Recession- International Trade makes all countries dependent for trade on each other which has currentlyRead MoreItb 305 Midterm Exam Latest Strayer951 Words   |  4 Pagesand failures of firms around the globe?,† the author introduces which two core perspectives? Question 2: The pendulum view of globalization is embraced by: Question 3: Which of the following definitions best defines an expatriate manager? Question 4: Why study global business? Question 5: The ____-based view suggests that the formal and informal rules of the game, known as institutions, shed a great deal of light on what is behind firm performance around the globe. Question 6: ____ is/are measuredRead MoreThe Globalization Of The English1730 Words   |  7 Pagesthere are many demonstrable benefits arising from the process, evidence suggests that the potential destruction of other national languages is becoming a certainty and the toll on human cultural diversity will be immeasurable. In this paper, I will be discussing the political factors, social aspects, and economic aspects for arguing both in favour and against; following by the state of the Globalization of English; as well as the consequences: who benefits and who does not; and lastly concludingRead MoreWhat Is Globalization, and Is It a Positive Force for Good in the 21st Century.1891 Words   |  8 Pagesâ€Å"Globalization has become, the most important economic, political, and cultural phenomenon of our time. Around the globe the integration of the world economy is not only reshaping business but also reordering the lives of individuals, creating new social classes, different job s, unimaginable wealth, and, occasionally, wretched poverty and globalization is neither new nor complete† (United Nations Development Program, 1999:1). Globalization affects everyone across the globe but will most likely have a differentRead MoreThe Impact Of Social Media On Arab Countries1434 Words   |  6 Pagesresult of the internet expansion, with the ability for individuals to gain influence. It has brought the promise of democracy and democratic governance in a region where democracy has been quashed since the time of the Prophet Mohammad. Hence, social media has become a crucial method of interaction and a key driver in the way individuals, communities and organisations across the globe create a collaborative environment. The recent years has seen social media to rally individuals around social causesRead MoreLiterature Review in Business Management5026 Words   |  21 Pagesindependence an anachronism, especially in financial markets. The interdependence is driven by science, technology and economics - the forces of modernity.; and these forces, not governments, determined international relations. Thanks to this interdependence, war between modern nations is an impossibility. Angell 1911 The critical point is that both sides of the coin of global cultural process today are products of the infinitely varied mutual contest of sameness and difference on a stage characterisedRead MorePestee Korea1648 Words   |  7 Pagesdemocratic country in 1987. South Korea became a stable democracy with strong political and economic support from the US The political landscape of the country include centralization of power which the implementation of economic reforms became faster and effective so that the country was fully focused on economic development and friendly to foreign investments, especially strengthening foreign relationships with emphasis on EU. According to economic forecast, South Korea is to become the seventh largestRead MoreGlobalisation and the Challenges Faced by a Manager in a Global Environment2137 Words   |  9 Pageswalls of distrust and the barriers of suspicion in between countries, to make a bridge where ideas and beliefs can cross the boarders. Though globalization today primarily covers the economical side, the impact is not limited to the economy only. It actually affects every aspect of life, like cultural, social, psychological and of course, political. While globalization is seen as a sign of a hopeful future by some, there are others who believe that it can cause tremendous disaster for the world economyRead MoreMass Communication Effects on Indian Society3799 Words   |  16 Pagesinformation and values, there is a great need to critically evaluate inherent socio-political and cultural barriers. This study is conducted to identify inherent socio-political and cultural barriers for mass media impact on Indian society. The study will help to understand the inherent barriers involved in mass media impact through conceptual or qualitative reasoning. Key words: Mass media, barriers, Indian, impact, mass communication 1.0 INTRODUCTION The growth of media as an industry has accelerated

The Emergency Room free essay sample

The emergency department team consists of many trained professionals each with a specific job in treating the patient. Emergency room personnel usually consists of administrative registration clerks, a triage nurse, primary nurses, a charge nurse, the attending physician or emergency nurse practitiner, and nursing assistants. Also, in certain hospitals the trauma team (surgeons, anesthesiologists, and specialized physicians) may be on standby to aid in an emergency situation in which the patient requires more complex care. The emergency nurse differs from the med-surg nurse in that he or she has had specialized education, training, experience, and expertise in assessing and identifying patents health care problems in crisis situations. In addition, the emergency nurse establishes priorities, monitors and continuously assesses acutely ill and injured patients, supports and attends to families, supervises allied health personnel, and teaches patients and families within a time limited , high pressured care environment. Nursing interventions are accomplished independently, in consultation with or under the direction of the physician or nurse practitioner. We will write a custom essay sample on The Emergency Room or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Emergency nursing is demanding because of the diversity of conditions and situations that present unique challenges. These challenges include legal issues, occupational health and safety risks for ED staff, and the challenge of providing holistic care in the context of a fast paced, technology driven environment in which serious illness and death are encountered on a daily basis. In the daily routine of the emergency department, triage is ued to sort patients into groups based on the severity of their health problems and the immediacy with which these problems must be treated. Emergent patients have the highest priority-their conditions are life threatening and they must be seen immediately. Urgent patients have serious health problems but not immediately life threatening ones; they must be seen within 1 hour. Nonurgent patients have episodic illnesses that can be addressed within 24 hours without increased morbidity. The triage nurse must have advanced skill and experience. They must spend hours learning how to classify different illnesses and injuries to ensure that patients most in need of care do not  needlessly wait. Collaborative protocols are developed and used by the triage nurse based on their level of experience. Nurses in the triage area collect crucial baseline data: full vital signs, pain assessment, history of the current and past medical history, neurologic assessment, weight, allergies, current medications, necessary diagnostic data, and ask specific questions that influence the care received in the ER.

System Analysis for Health Information Management Journal

Question: Discuss about theSystem Analysis for Health Information Management Journal. Answer: Problems There are various issues being identified in the My Health Record in Australia. One of the major issues being identified is the lack of privacy safety features. This is due to the reason that the system initiated is only having the options to control the visibility of the health information by the users. However, there is no clear indication of how to control and prevent the breach of privacy in the system. This can be a serious issue for the users as well as for the regulatory authorities (Nazi, 2013). Another issue identified is the authentication of the information added in the system or portal. According to the reports, the information will first be added by the regulatory authorities and then it can be modified by the users in the further time. Thus, in this case, it will become highly unreliable due to the fact that there will be no control on the addition of the information by the users. Thus, there is high probability of having misleading information in the My Health Record s ystem. Another identified issue of the My Health Record is the lack of compatibility of the system with every user (Liu, Tsai Jang, 2013). This is due to the reason that in order to access the information in the My Health Record, it is important for the local clinical bodies and users to have the infrastructure to get access to the system. This may cause difficulty for the users as good portion of them may not get compatible with the system. Capabilities My Health Record is having the capability of accumulating all the health related information of the entire population of Australia. Thus, it will be a holistic process of gathering all under one umbrella. It will also help all the associated stakeholders ranging from the hospitals, insurance organizations and the patients to retrieve the health related information at any point of time and according to the requirements. Thus, it will help all the stakeholders to be updated with the health associated information. Another major capability of the My Health Record is the option of the users to modify or update their information at any point of time. It is reported that users will be able to modify and add information related to their health in the My Health Record system (Hemsley et al., 2016). Thus, the involvement of the stakeholders will be more in this case. This system is also capable of covering users across all levels due to the fact that it will cost less o nothing for the users. Thus, the key capability of the My Health Record system is that it will have the majority of the Australian population under it. It is also capable of involving the maximum hospitals in the system. This can be made possible with the help of the regulatory authorities. Benefits There are various benefits being identified for My Health Record system. One of the benefits identified is the delivering of the medical services effectively and efficiently to the users. In the current time, the medical cost for the patients is increasing rapidly and it becomes difficult for the major section of the population to afford the huge cost with the medical facilities (Govindarajan Ramamurti, 2013). In this case, My Health Record will help to identify the health issues at its primary stage and will help in mitigating the issues with lower cost possible. Thus, majority of the population will have the medical facilities and benefits. Another benefit identified of My Health Record is reducing the rate of hospitalization for the users. This is due to the fact with having the medical details of the users in the online portal; it becomes easy for all the associated stakeholders to keep track of the medical condition and accordingly they can review their treatment schedule (Liu et al., 2013). Thus, the more treatment will be done in timely manner, the less will be the probability of having hospitalized for long term. My Health Record will also help the regulatory authorities to determine and identify that what should be done in accordance to the current health condition of the country. They will have the detailed data about the health condition of the average population of the country along with its trend of improving or vice versa (Koh et al., 2013). Thus, it can be concluded that the more organized will be the data and information of the health and medical condition of the majority of the population of the country, the more efficient will be the entire process of health care in the society. Reference Govindarajan, V., Ramamurti, R. (2013). Delivering world-class health care, affordably.Harvard Business Review,91(11), 117-122. Hemsley, B., Georgiou, A., Carter, R., Hill, S., Higgins, I., van Vliet, P., Balandin, S. (2016). Use of the My Health Record by people with communication disability in Australia: A review to inform the design and direction of future research.Health Information Management Journal,45(3), 107-115. Koh, H. K., Brach, C., Harris, L. M., Parchman, M. L. (2013). A proposed health literate care modelwould constitute a systems approach to improving patients engagement in care.Health Affairs,32(2), 357-367. Liu, C. F., Tsai, Y. C., Jang, F. L. (2013). Patients acceptance towards a web-based personal health record system: An empirical study in Taiwan.International journal of environmental research and public health,10(10), 5191-5208. Liu, J., Luo, L., Zhang, R., Huang, T. (2013). Patient satisfaction with electronic medical/health record: a systematic review.Scandinavian journal of caring sciences,27(4), 785-791. Nazi, K. M. (2013). The personal health record paradox: health care professionals perspectives and the information ecology of personal health record systems in organizational and clinical settings.Journal of medical Internet research,15(4).