The Future Of Education Essay Example for Free

The Future Of Education Essay Students nowadays used to communicate with people because they are expecting the continuous connection of information. Against the way, they live their lives to put away their personal technology during a class session because there are a few reasons for student expect what they learn at school have the connection with the real world(Kelley, 2009). Besides that, the student can easily access the information by search from Google and a lot of relevant websites will recently produce. Students today grow up with gadgets and everything is on fingertips. That’s how technology conquers student mind and the way they think. This evolution of the study can lead to the generation of innovative students. Live in twenty-century era fully change the ways of working in all area of life. Modern technology hundred percent influenced the changes in education system. This revolution era needs a concrete development plan in education, but over time it must have some factor that will defect the plan which is can be a factor that limits of the contemporary role of education management. The educational institution that applied this new environment will be more modern and successful where people in there does not look like having a traditional way of teaching and learning such as only using the book as their available sources of knowledge.Innovative happen when the people have a creation of ideas, can do something that is outside of the box and keeps the task to be practice. Creativity and innovation are more important in the twenty-first century whereby the knowledge society has been developed so well(Mishra, 2014). One of the factors that people can reveal their creative and innovative skill i s by education. It shows because in education have a learning process where it is can help especially student to hit the road by showing what they have. The nature of online instruction does not allow an instructor to perceived important non-verbal cues that signal in order to be understanding. Other than that, a successful online student can be describe self-motivated, self-directed, exhibiting an internal locus of control with above average executive functioning, communication, interaction and technological skills(Kauffman, 2015). When new idea has been generated, created and developed it show that hat how the innovative behavior been described and the process of a student learning. According to research done by (Thurlings, Evers, and Vermeulen (2015) state that there are a few reason that lead to the changes of teacher behavior because form teaching it can affect the creation of innovative student. Firstly is keep up to date with a quickly changing especially with the community of people. This is because it will lead to demands in knowledge where in fact will increasing for both students and teacher. The next reason is upcoming ne w technologies and understanding of deep things about the teaching require. It is important because it will lead to have a creative idea by apply it with the connection of technologies. Third is the school itself need to show a good example and act which is as the starting point for more innovative behavior of people who is lawfully live a country so they can stay competitive. Education is extremely important in order to help student showing their ability in order to create interesting new things and creative ideas. All technologies are a group of people or devices that are made up of smaller parts of other technologies. That is how the change tries to get better and how they are built through combination and recombination. Some of those technologies in the assembly will be harder and more pre-decide, some softer and open to change by the end users. Softer technologies are those that combine humans in their design and putting into law, where allowing tools to be used in any ways(Anderson Dron, 2014). Social technologies are basically and mostly soft. Other than that, the application of social technology is unable to be separated from the processes, rules, normal behaviors and ways of doing things that are grouped together with them. The technologies provide opportunities and the users as a people, groups, and networks decide how the best use for selfish reasons.

High School Football :: Personal Narrative, Autobiographical Essay

I've never decided if I actually miss playing football. I played tight end and outside linebacker for one season, during my freshman year of high school. The previous winter I'd lifted weights often enough for a junior high kid, then I long jumped in track during the spring and kept in good condition all summer. I was no all-out beast, but for me it was decent dedication. Our coach, Mr. Noble, was horrible. I respected him at the time, and so did everyone else--he was six five and had some serious guns. He'd contrive a good practice with the assistant coaches for ten minutes every day while we ran the perimeter of the practice field, a workout monotonous as recopying history notes. We were in better shape than any other team in the county, but we couldn't play football worth a lick. I started in one or two games toward the end of the season after the first string tight end, Mitch, fractured his wrist, and before the second-string fullback, Eric, learned the position. Like all of the only-half-decent guys, I played special teams every game. Problem was, I sucked at blocking because I had no girth, and I couldn't catch very well because all we ever practiced was blocking. In games, we almost always ran the ball. Our tailback, Conor, kicked butt. He'd have been even better if our coach didn't make him run stupid plays all the time. We'd be fourth and eight at our own 35, and Coach Noble--he made us address him as "sir" all the time ("Yes, sir," "I don't understand, sir," "Sir, I have to leave practice early tomorrow, sir.")--would tell Hildebrand, the QB, to call a blast, an off-guard run right up the middle. Conor would've been better, too, if the linemen, such as myself, had skill as well as endurance. There's a picture in the yearbook from that season that makes me feel like a loser every time I see it--Conor's charging through the line, and I'm on my feet with my knees bent and no one to block, my guy diving for the tackle. Man, I really handled him. Maybe things will change after I graduate, but sometimes I feel like I never deserved to keep playing, that I never would have been good enough to have any real confidence in my ability. But then I go to a Friday night varsity game and the stands are on their feet as the team charges onto the field under lights blazing against a solid black sky and I think, that could be me out there jumping around, pulse racing, hollering.

The CFO of Flash Memory, Inc. Essay

The CFO of Flash Memory, Inc. prepares the company’s investing and financing plans for the next three years. Flash Memory is a small firm that specializes in the design and manufacture of solid state drives (SSDs) and memory modules for the computer and electronics industries. The company invests aggressively in research and development of new products to stay ahead of the competition. Increased working capital requirements force the CFO to consider alternatives for additional financing. In addition, he must also consider an investment opportunity in a new product line that has the potential to be extremely profitable. Students must prepare financial forecasts, calculate the weighted average cost of capital (WACC), estimate cash flows, and evaluate financing alternatives. This case is especially recommended as a final exam case for a standard MBA-level course in corporate finance. Subjects Include: Capital Budgeting, Cash Flows, Financial Forecasting, Long Term Financing, Net Present Value (NPV), and Weighted Average Cost of Capital (WACC) For the Flash Memory Inc. case you will turn in both a write-up of your analysis and a spreadsheet that contains any financials or calculations you performed. The formal write-up should contain an overview of how you tackled specific issues presented in the case, how you set up the spreadsheet to present you analysis, and a discussion of any assumptions you are making. To guide you through the case, below are a set of questions you will need to address. Structure your written analysis and spreadsheet solutions around these questions. 1.Assuming the company does not invest in the new product line prepare forecasted income statements and balance sheets at year-end 2010, 2011, and 2012. Based on these forecasts, estimate Flash’s required external financing. Assume any external financing takes the form of additional notes payable from its commercial bank. Can Flash fund the continued growth and meet the borrowing requirements established by the bank? If not what are some potential alternatives? 2.Evaluate whether Flash Memory should invest in the new product line discussed on page 4 of the case. a.Any decision to invest in the new product line will require an estimate of the discount rate (i.e., WACC). When estimating a WACC you should be clear on the inputs you used to calculate the cost of equity, cost of debt, and the relative weights of equity and debt. For this analysis use  the target debt-to-equity ratio that is sought by the board of directors. 3.Estimate the pro-forma financial statements (i.e., income statement and balance sheet) for the years 2010, 2011, and 2012 assuming that Flash takes the new investment project and finances the project with debt. What issues might arise if Flash only uses debt financing? If debt financing turns out to have problems what are Flash’s alternatives? As sales of Flash Memory Inc. (Flash) increases rapidly in the first few months of 2010, additional working capital is required to ensure smooth operations and maintain their current growth rate. However, Flash currently has almost reached its notes payable limit of 70% accounts receivables with its current commercial bank and thus, need to look for various alternative financing means to provide the required amount of funds it needs to finance its forecasted sales for year 2010 onwards. This report is written to provide an insight to Flash’s financial position for the following 3 years (2010 till 2012) through the use of pro-forma income statement and balance sheet. For Flash to be able to keep up with the sales projections, additional financing of $4.04million and $2.61million are required in 2010 and 2011. In addition, Flash is also considering investing in a major new product line and a valuation analysis is done to determine whether the new product line should be invested or not. According to the various sales and expenses projection, a valuation analysis has shown that the new product line will be valued at a favorable NPV of approximately $2.8 Million using Flash’s weighted cost of capital as the discount rate. As such, in the event that the new product line is invested, additional financing will be required to initiate and maintain this product line in 2010, which amounts to S7.48 Million. Lastly, this report also provides an evaluation on various alternative financing methods that Flash can consider to obtain the additional funds needed to finance its forecasted sales of its existing and new product lines. These methods are: (1) Finance with Internal Financing, (2) Short Term Debt, (3) Long Term Debt and (4) Equity issuance. The recommended form of financing that Flash sho uld seek is to finance its operations according to the Pecking Order Theory,

A Look Inside The WorldCom Scandal Essay - 945 Words

WorldCom was the ultimate success story among telecommunications companies. Bernard Ebbers took the reigns as CEO in 1985 and turned the company into a highly profitable one, at least on the outside. In 2002, Ebbers resigned, WorldCom admitted fraud and the company declared bankruptcy (Noe, Hollenbeck, Gerhart, Wright 2007). The company was at the heart of one of the biggest accounting frauds seen in the United States. The demise of this telecommunications monster can be accredited to many factors including their aggressive-defensive organizational culture based on power and the bullying tactics that they employed. However, this fiasco could have been prevented if WorldCom had designed a system of checks and balances that would have†¦show more content†¦The CFO Scott Sullivan forced his henchman, David Myers to see to it that accruals were released from various business units including UUNET. When Myers ordered the accrual release from UUNET’s CFO, David Schneeman, he met resistance. Myers got angry with Schneeman and ultimately found another person to complete the accrual release in order to appease Sullivan, who worked for Ebbers (Kaplan Kiron, 2007). Bullying was another tactic of this company. Workplace bullies typically target independent employees who refuse to be subservient (Weidmer, 2011). For instance, when Cynthia Cooper, an internal auditor, was made aware of a questionable transfer, she brought it up at an audit committee meeting. After the meeting, Sullivan screamed at her and told her to stay away from that account (Kaplan Kiron, 2007). Additionally, victims of workplace bullying may experience various symptoms such as weight loss and difficulty sleeping (Namie, 2003). This is exactly what happened to accounting manager Betty Vinson. Sullivan bullied Vinson into releasing accruals. Vinson was eager to maintain her status and did as requested, more than once. Vinson began to lose weight and sleep due to the bullying she experienc ed and the guilt she carried (Kaplan Kiron, 2007). Preventative measures could have been instituted to avoid the WorldCom corporate fraud. First, WorldCom should have had an external Board of Governors comprised of businessmenShow MoreRelatedThe Sarbanes Oxley ( Sox ) Act Of 20021617 Words   |  7 Pagesthis area. Brief History of SOX Enactment The Sarbanes-Oxley Act of 2002 was created by Congress in response to financial scandals. There were several incidents which contributed to the need for legislature such as SOX. For purposes of brevity, the focus here will be on two of the largest financial scandals leading up to the passage of SOX, which are of those of Enron and WorldCom. In October 2001, Enron announced it was reducing after-tax net income by approximately $500 million shareholders’ equityRead MoreThe Sarbanes Oxley Act And Enron Essay1565 Words   |  7 Pageslaw in 2002 and it was ment to ensure that publicly traded companies complied with policies that made their financial records honest and not distorted to make them look better or to make them look worse. This was supposed to cut down on the corporate fraud with accounting. This all started because some companies such as, Enron and WorldCom. Enron was reporting inaccurate trading revenues by acting as a middle man in partnerships and selling back and forth these partnerships and crediting Enron for theRead MoreSarbanes Oxley Federal Law1073 Words   |  5 Pagesattractiveness of the United States for investors. The most notable cases of accounting malpractice include such scandals as Enron Corporation, Tyco International PLC, and WorldCom (Engel, Hayes, Wang, 2007). These companies we re extremely concentrated on increasing profit in an unfair way by providing investors with falsified financial statements. As a result of these public scandals, it was a need in new more strict regulatory standards in terms of protecting investors from fraud activities ofRead MoreThe Sarbanes Oxley Act ( Fraud )1075 Words   |  5 Pages Fraudulent activities and embezzlement are more prevalent in organizations than most people think. Because of the multitude of previous scandals, the Sarbanes-Oxley Act has required all publicly traded U.S. companies to have internal auditing and internal controls to check for fraudulent activity and embezzlement. While the Sarbanes-Oxley Act only applies to public businesses, the requirements of it should be applied to all types of businesses, even universities. In the Case of the City UniversityRead MoreWhat Is Statistic Ethical Practice?975 Words   |  4 Pagesconcerning expenses are provided and erroneous information concerning liabilities are reported. Manipulation of the financial market and inside trading can create an unethical environment. The topic that come to mind that demonstrates this type of behavior is the Enron/Andersen and WorldCom scandal. These company paints a vivid picture of what unethical statist look like. Enron was once the 5th largest company in world fortune 500. From 1999 to 2000 Enron stocks drastically increased from 56% toRead MoreGe ´S Ib: the Evo Project1400 Words   |  6 Pagesknew what to do and they did it really good. But fulfilling the expectations of his predecessor wasn’t the main problem for Immelt, he entered the company in a really complicated year, with 9/11 just few days after his mention and Enron and WorldCom scandals few months later and the recession this events caused, he had a big challenge in front of him, to generate growth in a company that big and to ignore the external situation in order to focus on your strategy to succeed. A big question oughtRead MoreWorldcom And Its Impact On Corporate World Essay4477 Words   |  18 PagesINTRODUCTION: WorldCom was U.S based Telecommunications Company. It was second greatest long partition phone association in U.S., which had been working together since 19th century. It was built up in 1968. It was the benchmark long partition telecom and web access. Today, it is perhaps best known for a bookkeeping embarrassment that stimulated the association shred for insolvency security in 2002. WorldCom overseers effectively exaggerated the association s bookkeeping numbers, enlargement theRead MoreAccounting Fraud And The Financial Fraud1761 Words   |  8 PagesIntroduction WorldCom CEO Bernard Ebbers, former partner said â€Å"He didn’t know anything about the long distance or telephone business, but he knew how to read numbers, he was a number cruncher.†(â€Å"Inside†) This should have been a warning sign to those investing in the company that Ebbers wasn’t the best choice to run the 2nd biggest telecom company in America. WorldCom was just one of many accounting frauds that took place in the early 2000’s. But unfortunately that trend of dishonest accounting didn’tRead MoreManagement Theories And Ethical Theories2085 Words   |  9 Pagesaccounting practices. Cooper battles with the Board on exposing the company and letting everyone know what is going. Bernie Ebbers is the CEO of the company; he has built up the company to be the super-giant it has become. David Myers is the controller of WorldCom that allowed these practices to go on and would be the nail on the coffin to help Cynthia Cooper close her case o n the accounting procedures that were used and how everything happened. Many other people had a role in exposing and operating this scamRead MoreThe Sarbanes Oxley Act Of 20022394 Words   |  10 Pagesbusinesses still functioning today.â€Æ' Introduction Most people remember the Enron scandal that surfaced in 2001 and took down the goliath company within months. The corruption and greed that surfaced in the months after Enron went into bankruptcy was astounding and has been studied over and over again as to how exactly it was allowed to happen. Enron, combined with the bankruptcy of other giants such as Tyco and WorldCom, all due to corporate corruption and greed lead to the creation of the Sarbanes-Oxley

Analysis Of Vergil s Aeneid As A National Epic - 1616 Words

If one is to read Vergil’s Aeneid as a national epic that supports and justifies the lineage of the new Imperial order, then one could also logically infer that the protagonist of the Aeneid, Aeneas, would be an embodiment of the ideal Roman leader. Indeed, Aeneas is constant in his patriotism, loyalty to his family and friends, and his extreme sense of duty to the greater good of his countrymen – in other words, Aeneas perfectly embodies the Roman idea of â€Å"pietas/duty†. Yet Aeneas is also an extremely dynamic character, beginning the tale with a strong moral conviction and, transformed by destiny, ending the epic with his blade hilt-deep in a mercilessly dispatched enemy. In presenting the decisions of Aeneas to flee Troy, abandon Dido, and kill Turnus, Vergil establishes Aeneas as a character that develops some qualities – like a sense of duty – early on, but that changes elements of his character to meet the demands of a new and ever-harsher quest for destiny. Aeneas’s first decision comes in his decision to leave Troy. With the city ablaze, Aeneas and his friends resist the Greeks to no avail, being pushed back into the rubble. As he is wandering around the ashes, Aeneas sees Helen, and thinks to himself â€Å"I will be praised [†¦] exacting well-earned punishment, and I’ll delight in having filled my soul with the flame of revenge,† (2.584-587). Immediately, Venus comes to him in a vision in order quell this thought and to urge him to return home, telling him â€Å"You do not

Eating Disorders An Eating Disorder - 1906 Words

Our society’s idealistic beauty standards has influenced many people to take drastic measures in order to obtain their body goal, thus causing an eating disorder. An eating disorder is a psychological condition that is characterized by abnormal or disturbed eating habits. There are three types of eating disorders; which are Anorexia Nervosa, Bulimia Nervosa, and Binge Eating.These disorders affect all aspects of a person’s life, including their psychological, emotional, and physical health. There are many factors that contribute to individuals developing eating disorders including: genetics, family pressures, athletics, lack of knowledge, and the media. We need to make people aware that no age, race , gender ,or sexual orientation is†¦show more content†¦An individual with Anorexia is unable to recognize the severity of their condition; they are so far gone into their disorder, all they can see is a shrinking number on a scale. â€Å" In Anorexia Nervosas†™ cycle of self-starvation, the body is denied the essential nutrients it needs to function normally. Thus, the body is forced to slow down all of its processes to conserve energy .† (NEDA. â€Å"Health Consequences, Including Mortality†). The symptoms of Anorexia Nervosa include: abnormally slow heart rate, low blood pressure, reduction of bone density, muscle loss and weakness, fainting, fatigue, and overall weakness. According to Walter Kaye, in the article, â€Å"Mortality and Eating Disorders†, Anorexia Nervosa has a mortality rate of four percent (Walter.â€Å"Mortality and Eating Disorders†). Bulimia Nervosa is an eating disorder characterized by someone eating large quantities of food in a short amount of time, and then purging or taking laxatives in order to avoid gaining weight. Although Bulimia Nervosa is one of the most common eating disorders, the exact cause of it is unknown. A few factors that may have a role in the cause of Bulimia are: genetics, family life, cultural background, society, and psychological and mental well-being. Unlike Anorexia Nervosa where someone may feel like they’re completely in control; Bulimia makes someone feel aShow MoreRelatedEating Disorders : Eating Disorder1205 Words   |  5 PagesEating Disorders in Today’s World Eating disorders are alive and well in today’s world and they are a major problem. An eating disorder can look like a few different things, ranging from a severe reduction of food intake to over eating to feelings of negativity towards your body shape or weight (Lehigh University). While some disorders can only be found in specific age groups, races, etc., eating disorders can be found amongst all and it does not necessarily have to be pointed towards food (LehighRead MoreEating Disorders : An Eating Disorder1184 Words   |  5 Pagesas an eating disorder. Weir (2016) goes on to explain the origins behind eating disorders in individuals. This topic is important because, in the United States, many women and men suffer from a clinically significant eating disorder at some point in their life. It is important to know the influences that cause an individual to experience an eating disorder. Genetically, or environmentally, or both genetically and environmentally. Anorexia ner vosa, bulimia nervosa, and binge eating disorder are eatingRead MoreEating Disorders And Eating Disorder1573 Words   |  7 Pagesaffects people called an â€Å"eating disorder.† Why did you choose this topic? I chose this topic because it is a very prevalent issue in our society today, and a close friend of mine is suffering from an eating disorder. What question(s) did you want to answer or what was your hypothesis regarding this topic? As mammals, there is no chance of escaping the need to consume food in everyday life. However, when it comes to food there can be a major concern of eating too much or eating too little. Doing eitherRead MoreEating Disorders And Eating Disorder1104 Words   |  5 PagesEating disorder is a serious problem happens in both men and women. Eating disorder is a sort of disease in which a person is having a strange routine of eating like consuming a huge amount of food each time they eat. This can incorporate not eating enough nourishment or indulging. Eating disorder influence many people around the world. The larger part of peoples who are dealing with this issue are ladies. A person with eating disorder issue may focus nonsensically on their weight and shape. EatingRead MoreEating Disorders And Eating Disorder1410 Words   |  6 Pagesâ€Å"An eating disorder is about anxiety and control and healing from trauma and food and weight are just the tools of destruction† (Floyd, Mim ms, Yelding, 2008). An eating disorder is defined as a severe disturbance in eating behavior. An eating disorder, as defined by our text book for class, is psychological disturbances that lead to certain physiological changes and serious health complications. The three most common and most easily identifiable forms of eating disorders include anorexia nervosaRead MoreEating Disorders : Eating Disorder966 Words   |  4 PagesEating Disorders Many people, both women and men of all ages, suffer from the psychological disorder, eating. Up to thirty million people in the world suffer from some kind of an eating disorder. There a two types of eating disorders, anorexia and bulimia, and have several methods of treatment. What is an eating disorder, and what do they cause? Eating disorders are maladaptive and very serious interruptions in eating. They can come in the form of overeating, or not eating enough, they are oftenRead MoreEating Disorders : Eating Disorder1031 Words   |  5 Pagesâ€Å"The eating disorder is a very jealous and abusive partner. It requires a lot of devotion in the extent that you have to devote yourself to tending to the anorexia. There s not a lot of time left over for adult life,† was stated by Dr. Doug Bunnell, a specialist in eating disorders. Eating disorders effect a variety of people. Age, race, and gender aren’t role playing keys in eating disorders. Not everyone gets an eating disorder, but if they do then, it will more than likely destroy their livesRead MoreEating Disorders And Eating Disorder1496 Words   |  6 PagesAn eating disorder is an illness that causes serious disturbances to your everyday diet, such as eating extremely small amounts of f ood or severely overeating. A person with an eating disorder may have started out just eating smaller or larger amount of food, but as some point, the urge to eat less or more has gotten out of control. Severe distress or concern about body weight or shape may also signal an eating disorder. Common eating disorders include anorexia nervosa, bulimia nervosa, and a binge-eatingRead MoreEating Disorders : Eating Disorder2461 Words   |  10 PagesEating Disorders Even though eating disorders are less prevalent in society today than they have been in the past, they are still one of the most diagnosed mental illnesses today. These three illnesses have short term as well as long term effects that can leave a damaging toll on the patients’ lives and are very hard to overcome. This is shown through not only the characteristics of Anorexia nervosa, Bulimia Nervosa, Binge-eating Disease, but also through the psychological and physical harm theseRead MoreEating Disorders : An Eating Disorder Essay771 Words   |  4 Pagesabout you. Benji I suspect you have an eating disorder.in particular, anorexia. An eating disorder is a psychological disorder that interferes with peoples eating habits. Eating disorders falls under the avoidant/restrictive food intake disorder category. Eating disorders are more prevalent in women than in men. Over 10 million women and 10 million men suffer from an eating disorder. But, Anorexia Nervosa is more common among Caucasians. Eating disorders impacts women everyday by inaccurately depicting

Knowledge Intensive Service Activities †Free Samples to Students

Question: Discuss about the Knowledge Intensive Service Activities. Answer: Introduction: Australian IT market is developing slowly. It is a huge country with low population strength; hence skill shortage in any domain is common. Unlike countries like US, Japan and even India who are known for offering IT support both from outsourced operational services or from headquarters, Australias software sector is relatively new and slowly upgrading. In this literature review on IT industry in Australia, the researcher conducts an empirical study by collecting secondary data from several sources, such as previously published books, journals, research articles on the respective topic (Bernstein and Yuhas, 2002). After studying from these scholarly sources a critical understanding of the scenario has been presented below that explores various facets of IT industry in Australia, such as the growth, associated issues and challenges faced by the software sector. The Australian IT sector is generally not compared with leading software development countries like US, Japan, Phillippines and India. After conducting a thorough research on the market condition of Australia it is evident that Australia is a big country with a very small population and hence there lies strong competition for IT jobs. Several people have migrated in the hope of earning money and enjoy better living conditions. As far as IT domain is concerned, an applicant is expected to possess domain expertise and thorough knowledge (Crawford et al. 2013). IT is a specific sector that needs specific skill and knowledge. From the collated information on IT domain, according to the reports published by the Government in Australian Industry Report 2016, large companies generally outsource the main software development work. Since companys demands skilled staff with domain based knowledge, for example, banking industry demands IT specialists with banking knowledge and experience. Thus even if an individual has ten years of experience in handling software development in Project Management, the person is generally identified as unsuitable in the banking industry (OECD KISA project, 2010). As far as the growth and issues of the Australian IT industry is concerned, it is evident from the report published by Spencer (2017), that the IT sector of Australia will experience huge skill shortage in another five years. The researcher has conducted a survey and collected data from respondents selected from IT sector. A comparative study on data collected in 2011 and 2014 has been evaluated by the researcher and underpinned that in 2014 respondents in IT sector under the age of 30 was only 6% in comparison to the survey data collected in 2011 where it showed that 18% employees in the department were below 30 years of age. The chart below clearly shows a steep decline of 66% in just three years. It has been further pointed out by economists and industry analysts in Australia that companies or market leaders like Microsoft, Google and HP generally run key software oriented operations in other countries and have set up a different operation in the respective region and they generally have different hiring requirements (Di Tullio and Bahli, 2013). IT is Australia generally focuses on, Property and business services Government administration as well as defence Finance and insurance sector Communication services Manufacturing According to Ehrig et al. (2007), the Australian economy is in transition. Majority of population is employed in the service industry. Social services and Distribution services are mainly known for offering steady employment. In other industries like Agriculture, Forestry and Fishing employment is offered based on contract. Research on innovation in the Australian domain has emphasised on exploring patterns of innovative activity within an economic condition. OECD KISA project (2010), as per this report the software sector plays an important role in the Australian economy. Within the domain, there is a significant amount of production in software development and final products are offered to consumers both at the domestic and international market. The software has evolved as an input to the production of software. According to the data published by the Australian Bureau of Statistics (ABS) information technology innovation has become integrated into all leading areas in the economic development. Information and Communication Technology: Australia (2004), and Enabling Our Future Australian IT industry is a small but significant part of the world industry and it contributed around $50 billion to the Australian economy (Fitzpatrick and Keane, 2006). The country today has about 24 000 specialists firms that offer employment to more than a million people. Challenges faced by the IT sector: Over the years it has been experienced that tech sector in Australia experiences low growth that mining and other domain. There are several challenges facing businesses. The global economy has impacted on the countrys economic development in the past few years. Rapid economic growth was experienced by China and this has completely changed the global trade and investment flow. Besides other domain, the key custom of IT industry is to successfully release product upgrades and meet client demand (Gentle, 2007). Some of the biggest challenges to be considered amidst competitive environment are; Cash flow: both small and big companies experience issues with cash flow as it takes a significant amount of time to receive payment from the clients. Meeting on-going expenses hence become a major challenge for the company. Innovation: drive to innovation has gained importance and its demand has increased in the business. Organisations today are forced to explore new opportunities and unlock growth potential. Several companies are coming up with innovative solutions triggering competition in the market (Holcombe, 2008). Overseas expansion: business growth and skill enchantment have encouraged companies in outsourcing projects to India or China. IT companies could easily get the projects completed within time and budget. They could save money by using skills from economically developing countries. Thus companies today prefer using highly knowledgeable and skilled task force from outsourcing. This practice has impacted heavily on the job market and tech professionals are rarely getting a job. As far as Australian cities are concerned, Melbourne and Sydney are the most popular destinations where job seekers throng for tech jobs. Australia has a large number of migrant populations. Besides native population, the country has supported the migrant population in growth and living (Nicolette, 2015). According to the experts, Australian IT industry has experienced a significant decline in involvement from young professionals. There has been a remarkable fall in joining the industry over the past few years. According to the chief executive of the online services company, IT industry should solve the problem plaguing the situation so that more people could join the industry. Besides this industry expert chairman of CSIRO mentioned after analysing the overall attitude of the job seekers and IT professionals in Australia that Australia lacks a culture of keep learning. According to him, there is a vacuum in loving learning or knowing the unknown or keep practising to improve skill. Thus, the nations lack of approach towards indulging into continuous learning therefore impacts on the overall performance of the professional domain. Hence when the aptitude is compared with other countries like Israel or India companies identify that in every place people struggle towards improving every day. The professional environment is steep in continuous strive towards personal and professional improvement, and since this attitude is not present in Australian population companies are disappointed (OECD KISA project, 2010). For example, according to Mr Thodey regarding coding process, the professional attitude towards completing the task in Australia does not incorporate any new experimentation, research or other improving approaches, instead the professionals approach is to stick to the existing format and just whatever gets you going. There is no willingness towards innovation, experimentation or improvement. And this is leading to a palpable state in IT sector. Future of IT in Australia: With the growth of mobile smartphone technology, Australian IT domain experienced certain changes and expressed willingness towards exploring the new and interesting sector. Jobs in computer system design increased. This area demanded skill in programming and software development and in 2008 experienced a sudden surge. As per the Australian App Economy report, Australia could experience significant growth in the mobile computing sector as more people are interested in the domain. Besides this industry analysts such as Dr Mandel further reported that Australia is equipped to absorb to new technologies at a rapid pace and exploring the growth trend he has further mentioned that Australia is expected to perform well and thus he named it the app economy as this domain comprises of app developers from the IT sector. At present about 9.4 per cent of Australian tech jobs include people working in app development activity (Spencer, 2017). Thus since the health of app development is good, if the other industries like retail, finance, entertainment accept digital development and make use of innovation on a regular basis, the particular area in IT would reach new heights by 2020. App economy is contributing immensely and a report from Apple clearly highlights that the App Store has successfully added about 70,000 jobs in the Australian economy. Besides the app development and digital innovation, E-business and E-solution have gained considerable importance in the past few years. Several companies have begun investing and initiating online retail business. Though the initial set up demands time, IT knowledge and support as well as specialised skill, in the e-business domain offers immense scope for growth and development and economic enhancement Australian IT industry should focus on developing and adopting specific strategies to improve business (Xu and Quaddus, 2010). It could be hence culminated after studying from several economic analysis and IT journals on the economic condition of the domain and future of the sector that new possibilities are coming which if addressed and managed in a proper way would help in earning revenue, sustain and evolve as a successful industry contributing immensely to the GDP of the country (Spencer, 2017). References Bernstein, L. and Yuhas, C. (2002).Software development. New York: McGraw-Hill/Professional. Crawford, J., Leonard, L. and Jones, K. (2013). The Role of Worker Tenure and Employment Heterogeneity on Software Development Work Activities.Journal of Information Systems and Technology Management, 10(3), pp.483-502. Crawford, W. (2003).First have something to say. Chicago: American Library Association. Di Tullio, D. and Bahli, B. (2013). The impact of Software Process Maturity on Software Project Performance: The Contingent Role of Software Development Risk.Systmes d'information management, 18(3), p.85. 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