#QualityManagement

Apple Creates The Weak In A Week

Posted on by jeffl30121f14

Recently, a new form of payment has been introduced to the world: Apple Pay. This is a “digital wallet” which allows people to make purchases with a single touch on their mobile devices. Although this form of payment has been around, such as the Google Wallet, Apple Pay has already dominated the mobile payments market in only one week. What makes Apple Pay so special and why has it already become the most popular mobile payments platform?

appley pay into

 

There are numerous locations that provide NFC (Near Field Communication) payments, and Apple Pay seems to be the easiest to utilize. Unlike other methods, Apple Pay requires consumers to only hold their finger on the mobile’s fingerprint scanner called the Touch ID. There will be no more of reaching into your wallet and trying to find a piece of plastic. Comparing to the Google Wallet, individuals are required to take a few more steps to complete the transaction such as entering their pin number. Apple Pay seems to be more convenient where it outperforms its competitors.

More to Apple Pay’s popularity is their secured system. According to NBC News, “The tokenization system built into Apple Pay is considered one of the most secure, fraud-proof ways to make payments, because it keeps consumers’ actual credit card data from ever entering a retailer’s point-of-sale system”. Furthermore, Apple Pay requires biometric verification to continue with the transaction. Security is an important aspect that grabs consumer’s attention. Since the hacking incident on CurrentC, one of Apple Pay’s competitors, people are starting to be very cautious on using the NFC payment method. Apple Pay is known to include a secured server that may even be safer than using credit cards. These key features of Apple Pay have brought its service on top within one week of their release.

As appealing as Apple Pay sounds, other NFC payment platforms provide more features that do not exist in Apple Pay. For example, Google Wallet is able to accept any type of major credit and debit cards. Apple Pay does not accept discover which limits their target market. Also, Google Wallet is also available in both iOS and Android devices. Using Google Wallet, individuals are able to send and accept money from others. With other digital wallets capable of much more features, Apple Pay still beats its competitors. Its feature of being highly convenient and secured has boosted up their amount of users. You now can understand how quality improves profitability.

Fulfilling customer expectations with the services Apple provides can gain additional sales. Apple Pay has also boosted up iPhone 6 sales, as it is only compatible with that type of device. Not only has its features bring in more users, but help generate more sales in the market. It’s clever to see how Apple Pay is also used as a marketing strategy. The creation of Apple Pay may be the beginning to a generation of solely mobile payments.

Do you believe that Apple Pay will remain on top of its competitors? How much longer?
As an Apple user, I may come out biased on over-crediting Apple Pay. Do you believe their service is superior to others?

Sources:

http://www.nbcnews.com/tech/gadgets/can-apple-win-mobile-wallet-war-n240011

http://bgr.com/2014/10/28/apple-pay-vs-nfc-competition/

I’m Tired of Being In Charge

Posted on by spr1331bcardenas

Many times we, as business students, have thought about the related stress and demands that we could face if we ever had to lead our own organization. Managing the various divisions across the organization to make sure we are reaching the expected results, that the company culture is positive and that employees are actually performing what we want from them.  Let’s face it, the very thought of it may be exhilarating, but it can also be exhausting and may give us an unexpected set of grey hairs.

The article entitled, “When the CEO Burns Out” from the Wall Street Journal discusses the particular case of James Green, CEO of Giant Realm, an online advertising network.  While the article not only makes mention of the high amounts of stress and mounted expectations that this CEO faces, it goes further by stating how this trend is on the rise in the US corporate environment in general.

The article mentions a study carried out by the Harvard Medical School, which clearly illustrates the new trend among CEOs, the study showed that 96% of senior leaders reported feeling burnt out. This new trend is something that needs to be addressed and solved as soon as possible. It will not only damage the long-term goals of the company but will also decrease the CEO’s management quality, as they strive to reach the numerous objectives set for them.

This article does a good job of describing this recent trend, as well as the medical reasons and preventions that executives can take, yet it fails to mention non-health related actions that companies should inspire their CEOs to do. These actions include an effective and fair delegation system, which many times is a hard decision for executives to make, since they feel they will not be needed in the future, or because they are decreasing their workload. Executives should also be compensated and treated fairly even if they sometimes do not achieve the desired results. As long as these CEOs have the input of the shareholders and receive positive criticism, their performance can still improve in the future and without taking a toll on their mental and physical health.

Companies need to realize of this new and more recurring trend and take preemptive measures to help CEOs not only perform their job successfully but also keep them motivated and enthusiastic about their job and the company itself. Often, when CEOs experience burnout they are later instructed to take a leave of absence to recover from stress. During these absences companies have seen not only their operations lag and/or become less effective, but also a decrease in stock value. This last issue may sometimes make the pressures that were put on the CEO previously inconsequential since the company’s value took a step back during the CEO’s absence. In conclusion, companies should look for results but they should do so responsibly while also making sure that their leader is healthy and motivated to improve on previous performances and improve their managing quality.

What do you think companies should do to avoid these burnouts?

Source: http://online.wsj.com/article/SB10001424127887323687604578469124008524696.html