Ayana Rivera
MGT 495
Case Study
Introduction
Intuit Inc. is an American software company that develops financial and tax preparation software and related services for small businesses, accountants and individuals. Intuit flagship products include Quicken, TurboTax, and QuickBooks. With these products Intuit main goal is to revolutionize the way people manage their personal finances, run small businesses and pay employees. One way to stay ahead of competition is to consistently be innovating. But how can Intuit revolutionize their company whilst keeping the simplicity of their products? The main problem faced by Intuit was incorporating user contributing systems. Because Intuit is a software company mostly developed for tax preparation, Intuit’s main task was to customize a user contribution system to one of their products called TurboTax. The purpose of using a user contribution system was to further simplify the taxing process. The user contribution system was called “Collective Intelligence Agent. (CIA)” CIA would help answer users’ questions by posting the question for other users to answer. But the “Collective Intelligent Agent” faced much skepticism. One main problem most had with this system was its reliability. Most users felt more comfortable if tax experts provided the answers rather than ordinary users. All in all if CIA could were functional, Intuit could potentially gain cost savings and lower service cost.
External and Internal Analysis
General Environment
Inuit are geared toward small businesses, accountants and individuals who want to do their taxes at home. There are many factors that affect the environment of an industry. Some factors include economic, technological, and sociaocultural, factors all affect I...
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... lowers service cost. Lower service cost would be due to the minimal number of tax experts needs to reply to a set number of questions; thereby decreasing the need for a calling service.
Conclusion
In conclusion, Because Intuit is a software company mostly developed for tax preparation, Intuit main task was to customize a user contribution system to one of their products called TurboTax. . CIA would help answer users’ questions by posting the question for other users to answer. But the “Collective Intelligent Agent” faced much skepticism. One main problem most had with this system was its reliable. Most users felt more comfortable if tax experts provided the answers rather than ordinary users. All in all if CIA could were functional and applied the proper changes suggested in the pervious section, Intuit could potentially gain cost savings and lower service cost.
Middleton Mutual is a large insurance company that is seeking innovation. The Chief Information Officer, Dennis Devereaux, and Vice President of Information Systems, Max Vargo, are trying to push for a new expert system to ease up the underwriting process of their company. The issue that arises in the company is that certain higher ups aren’t willing to fund this one million dollar project without proof of return. Within the next year, the company will be losing two underwriters. Devereaux has his hands full with trying to get the company’s financial approval.
With the baby boomers now entering their fifties, birthrates indicate fewer births and more deaths among the population. This would obviously result in less people needing to file taxes, therefore less demand for a tax preparation service.
The Inuits food plans are fish and hunted arctic animals. The main reason the Inuit are still in northern Canada, is because they are used to their lifestyle and the northern
PruittHealth is a nursing and rehabilitation center located in Blythewood, South Carolina. PruittHealth is more than one company. It was established in 1969 as the Toccoa Nursing Center. It expanded to include more than 90 post-acute, skilled nursing and assisted living locations, as well some supplementary resources. PruittHealth also offers an assortment of business-to-business services. Construction started on the one in Blythewood in 2009 and it opened its doors at the beginning of January 2011. It offers long-term services, respite services, hospice services, physical therapy, acupuncture occupational therapy, speech therapy, out-patient therapy, and an IV team. It also has a water exercise pool and an outside garden for therapy. They
A large portion of the Inuit culture was developed based upon the need to survive. Migratory societies such as the Inuit were driven by the need for food to feed its members, by the availability of trade to secure resources not normally available ...
At the time of the case, why has SAP America grown so rapidly? What challenges have been created by the company’s explosive growth?
With the production of Atanarjuat: The Fast Runner brought 1.5 million into a Inuit economy that suffers from a 60 percent unemployment rate.
QuickBooks is an accounting software package which is developed by Intuit, Inc. It was launched in the 90's and since than it is one of the market leaders in accounting software. The software was designed to help the small business owners who had no formal accounting training. Very shortly after the introduction, there was no doubt that the product is going to be a hit. With a deep focus for the non-accountant, and a lower price than the competitor's products, it outsmarted its competitions. Intuit states that the company's mission is to create new ways to manage personal finances and small businesses that are so profound and simple, customers cannot i...
Intuit, Inc. is a provider of small business, tax preparation and personal finance software products and Web-based services that simplify complex financial tasks for consumers, small businesses and accounting professionals. The Company's principal products and services include Quicken, QuickBooks, Quicken TurboTax, ProSeries, Lacerte and Quicken Loans. Intuit offers products and services in five principal business divisions which include Small Business, Tax, Personal Finance, Quicken Loans and Global Business (Market Guide).
The Inuit were people who lived in the Arctic such as Alaska, Northern Canada and Greenland. They can also be called Eskimos. The word Inuit refers to “real people of the north” and from this distinction as well as their way of living which I observed at the Carnegie Museum of Natural History, I conclude that these people were a race of people with a strong spirit for life in general as well as each other. Their social customs included storytelling, dancing, drum playing, crafts, celebrations, games, hunting and survival skills. They based their social structure on the land, their families, and traditions that were passed on through generations.
Before we start, we would like to briefly introduce the definitions of Supply Chain and Supply Chain Management (SCM).
The overall success for IDEO’s comes from the aspects of organizational process, culture and management. IDEO is an overall outstanding product development firm which helps organizations design products, environments, digital experiences and even services. The company does so through design thinking “methodology”. In other words, IDEO has a design philosophy as a role of prototyping. IDEO has as proven to be doing a spectacular job at designing products and services for these organization considering that they have designed over thousands of products.
-Customers: The company felt the importance of being customer-centric and innovate by adapting to customer
The underlying drivers of Porter’s Five forces are the root causes of profitability within the tax software industry, however; particular drivers in each force make the industry unique. Two barriers to entry, economies of scale and government policies, generate the majority of profitability in the industry. Firms with the largest market share have little unit cost after software development and implementation. These large economies of scale decrease unit costs for a firm, and increase start-up costs for entrants. Firms that have electronic servers of scale limit the ability for entrants to compete, as the costs to create and maintain nationwide servers are exorbitant. In addition, the changing governmental policies and initiatives for e-filing also increases barrier to entry. In recent years the IRS has eased the ability for residents to e-file, causing an annual increase of 6% in e-files over the last few years.[11] Additionally, companies that can access IRS servers, create software that incorporates the complexities of the IRS code, and produce software that updates annually, sustain a competitive advantage over new entrants. Concurrently, suppliers of computing and programming threaten forward integration due to the small size of software development projects compared to a firms overall business. Suppliers create the necessary technology to process tax returns making forward integration relatively cheap. Forward integration also provides additional revenue streams, such as when Intuit purchased TurboTax and Lacrete to increase Intuits product differentiation. [12] Conversely, buyer power is minimal. Buyers that integrate backwards and consume tax software companies do not profit directly because tax filing is a periodi...
I have prepared for this work by looking at the research article "Climate-sennsitive health priorties in Nunatsiavut, Canada" by herilee L. Harper, Victoria L. Edge, James Ford, Ashlee Cunsolo Willox, Michele Wood, IHACC Research,Team, RICG and Scott A. McEwen. Food and health under climate Change Modern development has a strong connection towards food and health on Inuit people. For this section, I will read about research articles to contrast the food difference between past and present, and further discuss the positive and negative effects of modern development to health conditions of Innuit