Online banking Coursework - 1650 Words

Online banking (Coursework Sample) Content: Online bankingInsert NameSubjectDateInstitutionTechnology has evolved so fast allowing people to go online to transact many characteristics of their lives. The challenges that people face is ensuring that security features are in place to safeguard information of the individual and their privacy. Online activities are available on personal computers, laptops, smartphone and some portable devices the protection tools are evolving continuously. The internet users want to remain secret online and most people think it is impossible to be completely unidentified. Hackers have become more informed and have been be able to access some users' accounts stealing information and defrauding them. The devices that are portable can provide access to secure, convenient authorization of e-banking, retail payment, brokerage and other transactions (Herzberg, 2003).The threat to the user online on the computer is real and once a user is provided a link by the internet services provider the computer acquires a unique address that criminals can use to access it. The Internet address has four sets and it enables uses to send and access information. Internet address can be dynamic or static depending on the service by the provider. Although the Internet address does not provide details concerning the user information but the Internet service provider has this information which can be a loophole in protection of once privacy. The policies of retaining the addresses of an individual by a service provider are not clear and this poses threats to individuals. The Internet address can be able to identify the location geographically and its correctness will depend on how the service provider assigns those addresses. There are tools that enable users to block their internet addresses and this are services such as Tor that effectively hides the information. The use of Virtual Private Network can replace ones internet address with that of the VPN service provider.The computer h as windows 7 and security programs that include an antivirus, a firewall and the protection of the identity. The windows operating system has a free basic firewall and virus protection and there is a need to purchase software that is more secure. There are several companies selling security software that includes brands such as Kaspersky, McAfee, Norton, AVG and the user is spoilt with many choices. The software can be used alone or combined. The computer that has the anti-virus loaded can be secure in undertaking online activities including banking. The options of anti-virus are available in a computer vendor or by using Google to get the details. The machine will use Kaspersky Internet security 2014. The software provides the security on threats from malware and internet criminals trying to steal information and currency. The computer and its data contents are protected by an anti-malware, internet, identity protection, anti-phishing that avoids criminals from acquiring personal i nformation and an advanced parental control that protects children from predators in the Internet.Internet browsing when not secured can provide information to criminals by providing the internet address to the site operators. When a user access sites several companies are able to get details of the user by using refined tools. The browser in use explorer 8 allows changes to be made on its settings by accessing the internet options and accessing the security and privacy tabs to control cookies and improve the features concerning access. The do not track option is available in the internet explorer and it is changed by accessing the settings and then the privacy tab and under tracking protection or add tracking protection lists. The gallery of the internet explorer has a protection list and adds the list for installation.Online access by users often requires navigation of the internet by search engines. The different search engines have the capacity to track the individuals' searches by using internet address, the terms of search and time and information. It is always important to review the privacy policy of the search engine. The search strings unintentionally reveal information and the retention of this will show that the record is in the engine. Some search engines start pages do not keep the internet addresses of users such as lxquick and this is because the retention means breaching of the users privacy. The start page deletes all information of identification from the inquiry and sends it to Google. The start page uses innovative encrypting skill for the search inquiries. DuckDuckGo does not collect information of the online users. It is not advisable to use the same search engine as well as an email account. The use of a search engine as Yahoo as for individuals account and Google as search engine will minimize personal information on retention. The users can ensure that they log out of the email accounts and clearing cookies from their browsers before proceeding to other searches.Users are discouraged from downloading Search engines toolbars this can allow data on the behavior of an individual web browsing especially the free software. The search engine Google collects data from Gmail, and YouTube about an individual the automatic signing in should be disabled and cookies and cache cleared. Cookies are stored from sites visited by users in their hard disk. The information is kept by the browser and whenever a user access the internet it returns to the site and this can include login credentials and inclinations of the user and shopping information online. Some legitimate sites use cookies to give offers to users on their products and other use the cookies to provide information of user to other third parties. There are tools for browsing that scans sites for trackers and allows users to learn about companies and on configuration stop tracking. Companies are embracing fingerprinting because they are difficult to block. The online user can check their browsers uniqueness by visiting sites like Panopticlick. The finger tracking can be avoided by disabling JavaScript on users' computer.The firewall is used on internet and can be software or hardware and scans the data from the internet or network and permitting it to pass or block. The hackers and malicious software can be blocked by the firewall according to settings made. The windows firewall is turned on and when a user accesses information the system asks the user if they can block or unblock a connection. The firewall inhibits user personal information that includes passwords, bank details and other information from thieves from the internet.Operating system requires updates to work optimally. The patches are done from the suppliers or the update features available on the software. The visiting of the windows update sites will allow for regular patches. The security gaps in software can be found when there are regular checks on patches. The automatic tools for updating can be used to ensure patches are downloaded every time while accessing the network. The user will need to have current, patched and new version of the search engine that will provide more security.The conveniences accompanied with online banking that allows users to check their balances, transfer of funds from account to another, payment of bills and other transactions. The information when accessed online can provide information that can be used by cybercriminals to defraud a user. The banking sector that provides the information has incorporated passwords and encrypting tools to secure users information. The password in use should not be the same as any other for accessing information on a website. Passwords should be solid and cannot be conjectured by any person. The secure access of online transactions requires a user to request for information from a trusted server that authentication of the user. (Sixtus, 1999)

ETS Essay Sample - Prepare To Write ETS Exams

<h1>ETS Essay Sample - Prepare To Write ETS Exams</h1><p>Before you ever send in your ETS toefl paper test, you should recognize what's in store. Initially, you should consider the quantity of evaluation focuses that you have to move between various grades. You need to decide the normal evaluation for your course and afterward work in reverse. When you make sense of the normal evaluation for your course, at that point you have to concentrate on the grades and see where you stand.</p><p></p><p>In expansion to realizing how to set up your paper tests, it is likewise critical to begin early. Early school passage could bigly affect the sort of results you will get. There are numerous ways that your school might have the option to help you through the procedure. The fundamental thought is to ensure that your application is prepared for testing and that you invest some energy preparing for the test. Doing some additional arrangement could mean pref erable outcomes over the individuals who don't invest some energy contemplating what they will compose and how they will plan for it.</p><p></p><p>Knowing your qualities and shortcomings is the initial phase in planning for ETS tests. For instance, in the event that you exceed expectations in arithmetic and science yet have a frail composing ability, you should consider doing an English structure class or utilizing an understudy proofreader to make papers. The fact of the matter is to figure out what part of your instruction gives you the edge over others.</p><p></p><p>Next, you should begin taking a gander at the various kinds of ETS papers that are accessible. The greater part of them take some type of paper or jargon survey. Others may highlight various decision questions, for example, math, perusing, or English arrangement. Comprehending what sort of paper is directly for you will be a major assistance when it comes time to compose . On the off chance that you have the chance to go into an English class with a teacher to pose the person in question any inquiries, at that point that would be an extraordinary time to do so.</p><p></p><p>Different sorts of tests have various topics. Some include history while others are science. Remember the sort of understudies who are being tried and what kinds of subjects they regularly prefer to cover. On the off chance that you are taking English structure, the exercises are ordinarily about writing, reasoning, and different things. The test that you will be taking will probably focus on something similar.</p><p></p><p>Your ETS test must be engaging the ETS staff. This implies you should take care to ensure that you put the entirety of your idea into each exposition that you get ready. On the off chance that you find that it requires some investment to compose and alter, at that point you might need to avoid the entire procedur e and proceed onward to different things. It's anything but difficult to perceive any reason why individuals who are not kidding about the paper and creative cycle will in general give a great deal of consideration to this piece of the test arrangement process.</p><p></p><p>On the other hand, on the off chance that you simply need to compose an article to breeze through the ETS test, at that point it's splendidly fine to utilize an example that is not excessively amazing. There are a few understudies who excel on these sorts of tests and they appear to improve on different sorts of tests also. Toward the day's end, the capacity to make sense of what is expected of a specific understudy and the capacity to apply that information is the thing that will have any kind of effect in your exhibition. On the off chance that you need to amplify your odds of breezing through this assessment, at that point you will need to invest a great deal of energy in this piece of the process.</p><p></p><p>So, as should be obvious, there are numerous things that are engaged with planning for an ETS article test. While the procedure is generally basic, the stakes are exceptionally high. Give a valiant effort to get ready for the test with the goal that you have the certainty expected to pro it. You will find that it very well may be a learning experience that you can reclaim to class with you and that will be an advantage to you for quite a while to come.</p>

Imagination and the Holocaust Essay example - 2748 Words

Imagination and the Holocaust The great secret of morals is love; or a going out of our own nature, and an identification of ourselves with the beautiful which exists in thought, action, or person, not our own. A man, to be greatly good, must imagine intensely and comprehensively; he must put himself in the place of another and of many others; the pains and pleasures of his species must become his own. -- Percy Bysshe Shelley, A Defense of Poetry I believe that truly humane learning cant help but expand the constricted boundaries of human sympathy, of social tolerance. Maybe the truest thing to be said about racism is that it represents a profound failure of imagination. -- Henry Louis Gates, Jr. Integrating the American†¦show more content†¦I imagine myself in Wiesels place. I imagine myself in his fathers place. I imagine myself taking him to the crematory. I imagine being the next invalid. Would it be any different for me? How much could I take before I was numb to my fathers summons? Second, I am afraid my imagination will put me in the camps with the victims. I will smell the smoke, experience for myself the horror of murdered children; those tiny hands that might fit cautiously into mine. A child may say, Save me, and I will be helpless. I might succeed so well in identifying with those who lived through the selections that I will have to say, Never shall I forget those flames which consumed my faith forever (32). A memory: Once after having read Night, I went home and was asked to start a fire in the fireplace. I couldnt do it. The bricks of my hearth had become a crematorium. I was angry, then, at myself, at Nazis, at Wiesel, at my family for wanting a fire . . . at God. Third, I am afraid of identifying with the oppressor. Wiesel writes that after they came to Auschwitz, [w]e continued our march toward the square. In the middle stood the notorious Dr. Mengele (a typical SS officer: a cruel face, but not devoid of intelligence, and wearing a monocle); a conductors baton in his hand, he was standing among the other officers. The baton moved unremittingly, sometimes to the right, sometimes to the left. (29) Mengele, a savage irony: aShow MoreRelatedChildren Of The Holocaust Survivor Essay1384 Words   |  6 PagesAs children of the Holocaust survivor, Jacob in Fugitive Pieces by Anne Michael s novel haunted from his past from his memories of his parents and his beloved sister Bella. Growing up with Athos care, Jacob struggles to adapt to a new environment as a child with his memories of his parents still preserve into his mind and battling to make what might have happened to his sister Bella. As Jacob ponders on his past, his memories become stronger and save him that will eventually free him from pain andRead MoreComparing the Boy in the Striped Pyjamas and Life Is Beautiful910 Words   |  4 Pageshorror of the real life events discussed in the novel The Boy in the Striped Pyjamas and the film Life is Beautiful.† The Holocaust was a distressing time in history and is not a story everyone can absorb. Both the book, The Boy in the Striped Pyjamas written by John Boyne and the film, Life is Beautiful, directed by Robert Benigni, are based upon the real life events of the Holocaust but with a difference. They made clever use of different techniques to dim and censor the reality of the events and interpretRead MoreWorld War II And The Lies We ve Been Told1330 Words   |  6 PagesTold In many schools, students are taught about events that happened worldwide which changed history forever. They are taught about tragedies so that people will never repeat the mistakes. One of these horrendous tragedies is World War II and the Holocaust. People across Europe and the surrounding countries were being persecuted and murdered. Today, this event is learned through facts, photographs, and videos. For many, it is hard to deny the evidence. However, it has been theorized that all of thisRead More Use of Narrative in John Boyne’s The Boy in the Striped Pyjamas1012 Words   |  5 Pagesrhetorical structure that distorts reality in order to reveal it. This is an eminently evident actuality in John Boyne’s The Boy in the Striped Pyjamas. Through this distortion, Boyne is able to evoke the reader’s empathy, portray the horror of the Holocaust to a younger audience and convey human’s capacity for inhumanity and indifference. This is achieved by Boyne, p rimarily through the exaggeration of innocence throughout the novel, the content presented to the audience, and the use of a child narratorRead MoreAnalysis Of The Movie The Night 957 Words   |  4 Pagesnot decide on its mood. The clouds hung grey, but their burden was light with precipitation. Sunshine, a quick shower, sunshine, a quick, and so on was the sky’s schedule until we were allowed into to a small room in the back of the Miami Beach Holocaust Memorial. The light sprinkling of rain made the walk to the room significantly surreal, at least to me. The small droplets still hung to the plants, but also hung, like tiers, to the green metal sculptures hidden among them. The figures were grimRead MoreSeymour Rossel, The Holocaust1267 Words   |  6 PagesSeymour Rossel, The Holocaust In Seymour Rossel’s, The Holocaust, he debated about the poverties and trials that led up to the Holocaust such as Adolf Hitler, concentration and death camps, and the revolt for freedom. The Holocaust, starts off with Adolf Hitler. Adolf Hitler was born on April 20, 1889. He was inborn in the village of Braunau am Inn in Austria. Alois, Adolf’s father, was a customs official. He was very inflexible on his son and often beat him. Hitler’s mother, Klara, was a religiousRead MoreAnalysis Of La Vita E Bella715 Words   |  3 PagesWinner of three Oscars including Best Music, Original Dramatic Score and Best Foreign Language Film, La Vita e Bella, remains an intensely challenging contribution to the developing body of films about the holocaust. Witten and directed by Italy’s national treasure, Roberto Benigni, it is a film of two distinct halves that battles through the tragic past to remember the happy times during such misery. But does Benigni depict this fabrication in a deceiving light? A moral and fable, the film stretchesRead MoreThe Elements Of Human History In Briar Rose By Jane Yolen1046 Words   |  5 PagesHistory has elements of evil, i t reveals the cruelest capabilities of humanity and reaches the limit of imagination. Jane Yolen’s, Briar Rose, retells a part of the tragedies during the Holocaust and captures the evil history possesses. Jane Yolen recreates the Grimm Brothers’, Briar Rose, through metaphor she describes the impact of the Holocaust on family’s decades past. Rebecca, the protagonist, throughout her childhood is told the fairy-tale Briar Rose by her grandmother, Gemma, at her deathbedRead MoreUnderstanding The Holocaust and Preventing it Happening Again1025 Words   |  5 PagesUnderstanding The Holocaust and Preventing it Happening Again The human tragedy of the Holocaust was the systematic annihilation of millions of Jews by the Nazi regime during World War II. The adversity of this persecution influenced not only the European arena, but also peoples from all over the globe and their ideas. The impact caused by this ethnic cleansing was enormous. Peoples lives were drastically changed as they were persecuted and tortured. Families were taken out of their homes andRead MoreInhumane Treatment in Night971 Words   |  4 PagesThe resistance of the Holocaust has claimed worldwide fame at a certain point in history, but the evidence that the evil-doers themselves left crush everything that verifies the fantasy of the Holocaust. For an example, in Poland, the total Jewish population of over thirty-three hundred thousand suddenly plummeted to three hundred thousand. Ten percent of the population survived the Holocaust in Poland. Almost every country that the Nazis have conquered has the same percent of survival as Poland

Multimodal Essay Samples: Use Them to Write a Personal Essay

Multimodal Essay Samples: Use Them to Write a Personal EssayThere are a lot of different essay samples available to help writers who are trying to get a good grade, but most of them are not good enough. Some of them are even plagiarized from other writers. Many students find that they need to look into the possibility of finding more unique essay samples.An essay consists of several parts, each of which is a section of the overall essay. The content for each section will be different in order to give a more cohesive and interesting experience. In order to get a better understanding of what this will entail, some students need to think about which part of the essay to include first.The first section of the overall essay is the introduction. This needs to be written very carefully to convey the main point of the piece. However, it should still be brief and easy to understand. It should contain only a few sentences to show that the writer has nothing to hide.After the introduction, ther e should be some information about the author and the overall tone of the piece. If the author of the piece writes from a personal perspective, then this is also an important section. After the author's voice comes in, the outline for the piece should also be written down. This is the section of the piece that shows how to get to the next part of the essay.The next part of the overall theme of the essay is the thesis statement. This statement is a simple, simple statement that gives an explanation of what the writer is trying to say with the entire piece. It is always a good idea to make this statement very short and clear.The general conclusion, or the conclusion, of the piece will need to be written in the third section of the overall essay. This section will explain what the piece stands for, and why it is important. It should follow the outline of the previous sections.Most students, when looking at these essay samples, do not think about the possibility of creating a personal e ssay. This is the first part of the overall theme, which is the last thing a student should focus on when writing an essay. The best way to create a personal essay is to look at a few different multimodal essay samples and create something that is unique.Many people do not look for essay samples that are multimodal. While these may be helpful, they can also be very frustrating for many students. However, if you know how to write a personal essay, then a multimodal sample may be the key to writing a truly meaningful piece of essay.

Online World Is Internet Home E Commerce - 1033 Words

Due to technology boost almost all aspects of People’s life style were somehow changed. Nowadays, one of the most important subjects in online world is internet home e-commerce. Generally E-commerce means buying and selling the products on internet . E-commerce, also known as Electronic Commerce which refers doing business online that consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks (typically via the Web). It is also called e-business, e-tailing and I-commerce. Michal Aldrich, an English inventor had developed the concept of online shopping. The idea came about during a walk with†¦show more content†¦From the 1990s onwards, e-commerce additionally would include enterprise resource planning systems (ERP), data warehousing and data mining. During 1994 e-commerce started to become more popular. It took almost four years to develop the Digital Subscriber Line (DSL) and security protocols (HTTP) which allowed rapid access to the Internet. One of the major improvement in e-commerce came with the development of Linux which is more open source and reliable and put a tough competition to Microsoft that compelled it develop much better versions of networking. During 2000’s, the meaning of the word e-commerce has gradually changed. People began to call the term e-commerce as the process of purchasing goods and services over the Internet using secure connections and e-payment services. At the end of 2001, the largest form of e-commerce, Business-to-Business (B2B) model, had around $700 billion in transactions. Amazon and Ebay are the first Internet companies to allow electronic transactions. Dell is another company which has contributed

Combining Entrepreneurial And Effectuation â€Myassignmenthelp.Com

Question: Discuss About The Combining Entrepreneurial And Effectuation? Answer: Introduction The Iconic is a big fashion hub of Australia selling all type of women handbags and defines the future of the retail industry. The company loves to create new products and offer the best shopping experience to the customer. The company has always maintained a forward thinking attitude towards its products and the marketing pattern. The company launched its first product in 2011 with the help of some of the best and modern technology. Continuous effort of the company in bringing innovations has helped it to introduce new product anytime it wants. Moreover, the company also maintains a strong online channel through which it can reach to its customers. The report focuses on the mission of the company to introduce a new innovative product for their company. The paper will further project a marketing plan for the company to make its new product invention successful. Background The Iconic is a big retail company in Australia selling fashionable women handbags for the Australian population. The company has a technological team of around 50 people with the best talent and ideas of the fashion world. With such a string talent team and innovative structure of the organisation, the company has planned to introduce a new handbag for their customers (Slater et al. 2014). The handbag that the company is planning to introduce is a recycled handbag that the customers can buy, use it and return it back to the company for recycling it. The new product is being launched by the company to be in pace with the sustainable need of the environment. The product that the company is planning to use for its recycling is cotton fabric. Mission The company has the mission inspiring a new icon in every customer in a new way along with to abiding with the needs of the environment. With the aim of being sustainable and compete successfully the brand has come up with a new innovative idea of introducing a fashionable recycling bags (Berends et al. 2014). The mission of the company also holds are planning the way the company want to offer the product in the market and to manage the introduction within the $ 200,000 budget of the company. Product Offering The company has an in-house team for the planning and manufacturing of various types of handbags and backpacks for women to maintain their styles and introduce an icon within them. Some of the products already offered by the company to its customers are handbags, backpacks, totes, sling bags, clutches and others (Drucker 2014). These products are offered in various range and sizes to the customers of young to medium age group. The company usually followed a premium pricing strategy for its products. Presently the company is planning to offer a new type of product to its customer and for protecting the environment (Kireyev et al. 2016). It is planning to come up with recycled bags, which the customers can use and return it back to the company for recycling it. This will reduce the waste leakage in the environment and is a different type of innovation in the retail industry. The company will be using cotton fabric for manufacturing the bags and it will be available in different sizes a nd style. The price will be set just like other bags produced by the company. However, initially the brand will allow discounts and offers on the bags in order to attract potential customers. Industry Analysis The demand is increasing at a fast rate in the Australian fashionable handbag industry. This has caused a battle in the handbag-manufacturing owners, which has increased the need of planning something different and innovative. The companies working under this industry should be creative in planning the product they want to manufacture in order to compete with each other effectively. Further, product innovation will also help them to be successful in the international fashion retail market. Australia is expanding rapidly in its luxury retail industry and this has made it important for the brands in this industry to target the local market effectively. The industry also experiences a lot of new products being invented by various companies and brand. However, since 2016 the innovation has reduced, as most of the companies are not taking much initiative in bringing new ideas. However, this has increased the opportunity of some brands in the industry to take up new ideas and grow faster i n the business. The iconic is thus aiming to introduce a product that no one in the industry has ever thought, as this will also facilitate in the industrial growth. The industry also offers great opportunity for the brands as most of the customers demand latest trends of bags. However, there are various challenges as well that the bag manufacturer face in Australia, which has put a constraint on their efforts. Thus, The Iconic can also face challenges while bringing its innovation in the fashion retail industry of Australia (Romani et al. 2016). Competition Competition is yet another factor that increases the concern of the brand while planning for an innovation. The industry in which the brand is involved exerts many competitions on it because of the presence of large number of retail brand selling wide varieties of handbags to the customers. It also faced a strong competition in its online platforms as almost all the brands have their own online presence. This requires The Iconic to maintain a god ad attractive online channel with easy return and exchange policy. In the online sector, the company not only faces competition from the local brands and from the other international brands as well. The main competitors of the company are Temple and Webster, Kogan, Booktopia and others. All these companies hold a very string online presence as well and have their own in-house manufacturing unit for manufacturing handbags. Each of these companies competes with each other by bringing continuous innovation in their product variety. The Iconic t hus wants to bring about a new creativity in their product, which will not only make them stand out of others and allow them to take a concern for the environmental damage happening due to globalisation (Maniatis 2016). Primary Target Market Targeting is one of the most crucial and important factor for a company so that they can plan and manufacture their product accordingly. Targeting is done by a company and is one of the important factors of marketing as it helps the company to know their potential customers whom they will sell their products. Targeting includes a group of customers towards which the company targets its efforts. It is through an effective targeting the company can map out its marketing strategy such as price, promotion, product and place. This is because the approach to various promotional channels varies from one age group to other. For example the young age customers will be more approachable through online channels compared to the customers belonging to old age group. Identifying a target market is very important step while the company is developing a marketing plan for their further growth (Wirtz and Lovelock 2017). The Iconic too needs to plan a target market for offering their new recycling hand bags that it is aiming to introduce in the market. The primary target market for the company is the young and medium aged people that have an attraction towards fashionable bags. Primarily the company will target the locals as they can easily figure out their choice and fashion trend. Other than the local market, the company can also target the international customers through online sources. Even though the primary aim of the company is the locals, it also wants to expand internationally (Barton 2015). The company can achieve this expansion only by targeting the international market as well. Thus, the new production innovation taken up by the company will be available for the local market as well as to the international market through online channel. However, the company will maintain a premium pricing strategy because the customers that the company is targeting will be ready to buy the fashionable bag even at higher price (Seo et al. 2014). Marketing Mix The Iconic is aiming to offer sustainable fashionable handbags for women. The new sustainable products that the company is planning to introduce will not only meet the requirement of the customers and will benefit the environment in a great way. A sustainable and eco friendly product is necessary in the era of increasing globalisation. The innovative idea f the company is incomparable with the other products. The bags that the company is introducing are recyclable by the customers after using it as long as they want. The customers will have the chance to use the product and return it back to the company. Moreover, it will use cotton for making the bags as cotton can easily be designed the way they wants and recycled when necessary (Khan 2014). Price Pricing is one of the most important factors while planning for a product innovation. This is because the price of the product is one such factor by which the customers are motivated to buy the product. The products will be offered at premium pricing to the customers. This is because locals have a love for expensive bags that can display their status. Moreover, the company will be offering some discounts for first few days in order to make the people purchase the products and use it. This will help them get a good experience and allow the company to attract more traffic. Premium pricing strategy of the company will also be maintained din their online website for the international customers. This will allow the company to portray itself as a premium brand (Adams 2016). Distribution Distribution is the channels through which the company offers the products to eh customers both locally and internationally. The main distribution channel of The Iconic is through fashion retail shop of Australia. The company has some franchisee store sunder them to which it supply its products. Those products are then offered to the customer visiting them. The other channel is the companys online website in which it can target the international market. The customers along with other details can view the products before deciding to purchase it. Along with it, the online site will also offer an easy return and exchange policy through which the customers can return their products within thirty days of purchase. Thus, the brand is planning distribution through both physical and online stores (Solomon 2014). Promotion Promotion is yet another factor that is crucial for the organisation as it helps it to put its view and plans in front of the customers. Advertising is important as through the advertisements the customers gets to know the content of the products and the quality of the brand offering the product. It helps in generating brand recognition by the consumers. The Iconic is planning to use online promotional strategy for its products (Kumar and Raju 2013). This is because online advertisement is less costly and the young age group customers that the company is targeting are easily approachable through online channel. Todays generations are highly active in social media and social media and it is the easiest way they can be reached. However, the company can also conduct some fashion shows and events to promote it new product (Sheth and Sisodia 2015). Financial Plan Financial or budget plan is yet another crucial aspect for the company before taking any innovation. It is a comprehensive analysis of the total current investment depending on the financial state of the company. It comprises of the money that the company is planning to invest for the manufacturing of eco-friendly bags. The company also needs some investment for the recycling machine that it will set in its venture. Total financial ability of the company is $ 200,000, in which $ 100,000 is the existing fund and $ 100,000 is the fund the company is seeking. Variables Quarter 1 Quarter 2 Quarter 3 Quarter 4 sales $84,200 $120,000 $140,000 $145,000 Direct Cost of sales $50,000 $60,000 $75,000 $55,000 Profit $34,000 $60,000 $65,000 $90,000 Figure1: Financial projection of 1 year Source: Author creation Break even Analysis Monthly Revenue Break-even $30,000 Assumptions: Average Percent Variable Cost 30% Estimated Monthly Fixed Cost $20,925 Pro Forma Cash flow Statement 1st year Starting Cash Position Inflow (individual investment) Sales from customers $10,200 Sales from vendors $110,200 Other Cash Receipts $15,000 Total Cash Inflow $357,900 Outflow (Use of Fund) Fixed Cost $90,000 Administration $15,000 Marketing $2,800 Operations $90,000 Total Cash Outflow $197,800 Closing Cash Position $160,100 The above figures and graphs shows the financial plan of the company for one year after the introduction of its new product. The company invests $200,000 of its budget on the introduction of the product and bringing it into the market. however, after analysing the total cost and total revenue of the brand from the new product it is seen that the company will close its cash flow with a profit of $160,100. This shows that if the company moves the way it plans then it can earn a good profit at the end of the year from the new recycles handbags. Critical Risk There are certain risks that surround any company and the idea that it wants to put forward. The Iconic too has some critical risk that it might face while introducing the product in the market. The eco friendly bags that it is planning might not appear to be much attractive to the customers. The customers might not accept the concept much that easily as planned by the brand. They might think that the price that the company is charging for a cotton or eco friendly bag is more than expected. Secondly, it might happen that the quality and the design of the product might not come up the way they have planned. This might waste their investment on the project. Thirdly, it might happen the cost of recycling the bags might prove to be very costly compared to the plan of the product. There are some of the challenges that the company can face while planning the innovation and after bringing it to the market. The company should view these critical risks before planning to move forward with the innovation. Conclusion From the above analysis, it can be deduced that the company is planning to bring about an innovation in its handbag manufacturing. The innovation is the new recycled bag that it will offer to the consumers both locally as well as internationally. The eco friendly handbag will be made up of cotton in a fashionable way that the consumer can love. The company will charge premium pricing from the customers as the company has always marketed itself as a premium brand. 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