William Shakespeare s Romeo And Juliet - 1209 Words

Romeo and Juliet is a classic playwright written by William Shakespeare. Everyone gets the chance to study his work at some point in their career, whether in grade school or in college. On February 24th, I attended the production of William Shakespeare’s Romeo and Juliet at Theatre UCF on the UCF main campus. The play ran longer than I initially thought it was going to be. It started at 7:30 P.M. and ended three hours later around 10:30 P.M. Romeo and Juliet is a classic love story of two people who should not fall in love, but end up do. Unfortunately, some lives are lost along the way. Shakespeare utilized tone to convey Romeo and Juliet as a tragic love story. The play itself is very contrasting, on one level the Capulets and†¦show more content†¦As a director, Belinda C. Boyd, took a 1930s approach to the classic Romeo and Juliet. I found that it was very easy to pin point as the actors’ costumes were inspired by the 1930s. There was an announcement at the beginning of the play that mentioned the eighteenth amendment which prohibited the sale of alcohol, this lead to the assumption that the play was set in a speakeasy. In the 1930s, there were no laws that prohibited smoking indoors, therefore many of the actors had costume cigarettes that emitted water vapor to look like smoke. Ultimately, every element was cohesive and matched the theme that Boyd was going for, everything from the set design, to costumes, and makeup. Boyd also staged the play really well. When the Capulets’ had a party in the speakeasy, there were many actors on stage to make it look like an extravagant party that you, as an audience member, wanted to be of attendance. However during fighting scenes, I found it a little distracting with so many actors on stage. Very often I did not know where I should look as there was a lot going on at once. In addition, the actors seemed very comfortable on staged and moved around the set with ease and no mistakes. Overall, Boyd staged her actors in places where it made sense and flowed throughout the entire performance. Furthermore, if the actors do not fit their roles then the whole play can suffer. The Nurse and Benvolio were two actors that stood out to not onlyShow MoreRelatedWilliam Shakespeare s Romeo And Juliet1287 Words   |  6 PagesLizzy Baginski English Composition 2 Mr. Spera March 10, 2015 Romeo and Juliet Research Paper The movie Romeo and Juliet is a modern classic film that took place in 1996. Overall this is a timeless story that everyone should go and watch. This movie has an intriguing plot line that tells the story of two feuding families, The Montagues and The Capulets, and how the children of these two different families fall in love. The two children overcome various obstacles such as hiding their chemistry fromRead MoreWilliam Shakespeare s Romeo And Juliet 966 Words   |  4 Pages Beauty Over Gold â€Å"Beauty provoketh thieves sooner than gold.--William Shakespeare, 1623. In his book As You Like It, William Shakespeare pointed out the supremacy of love rather than the want of gold and wealth. Truly, beauty is more important to thieves than wealth. Many of the thieves in this world would rather have an elegant woman than to obtain precious rubies. After all, what good is a prosperous man if he doesn’t have a charming woman? Two famous men grab my attention who didn’t fear forRead MoreWilliam Shakespeare s Romeo And Juliet Essay1024 Words   |  5 PagesRomeo and Juliet is a tragedy written by William Shakespeare early in his career about two young star-crossed lovers whose deaths ultimately reconcile their feuding families. It was among Shakespeare s most popular plays during his lifetime and, along with Hamlet, is one of his most frequently performed plays. Today, the title characters are regarded as archetypal young lovers. Romeo and Juliet belongs to a tradition of tragic romances stretching back to antiquity. The plot is based on an ItalianRead MoreWilliam Shakespeare s Romeo And Juliet1124 Words   |  5 PagesThe play Romeo and Juliet is a tragedy written by William Shakespeare early in his career about two young star-crossed lovers whose deaths ultimately reconcile their feuding families. It was among Shakespeare s most popular plays during his lifetime and, along with Hamlet, is one of his most frequently performed plays. Today, the title characters are regarded as archetypal young lovers. Romeo and Juliet belongs to a tradition of tragic romances stretching back to antiquity. Its plot is based onRead MoreWilliam Shakespeare s Romeo And Juliet861 Words   |  4 Pagesgreatly shown in the play Romeo and Juliet by William Shakespeare. It was love at first sight with Romeo Montague and Juliet Capulet. Meeting at a party and falling in love to get married without even spending quality time with each other. Romeo and Juliet couldn t tell there parents because the Capulets and Montagues are long term rivals. Both Romeo and Juliet had to find different ways and excuses to make this marriage work. A big problem was developed. Romeo kills Juliet s cousin and is banishedRead MoreWilliam Shakespeare s Romeo And Juliet1770 Words   |  8 Pagesof Romeo and Juliet. The story of two destined lovers who were killed by their own doing. But what if they weren t two destined lovers who got unlucky, but doomed partners that were never going to have a good-life to begin with.William Sha kespeare gives us a view of early signs of gang conflict in the early age of Verona, Italy. He gives us a perspective of the norms and customs of Italy during the Setting of William Shakespeare s most famous story. Romeo and Juliet, by William Shakespeare, givesRead MoreWilliam Shakespeare s Romeo And Juliet1616 Words   |  7 Pageslove can also cause some of life s most controversial battles. These battles could stem from lack of patience, disagreement of moral values, and in some cases, an absence of attraction overall. In Romeo and Juliet by William Shakespeare, the issues that drive Romeo Montague and Juliet Capulet s to each of their dreadful misfortunes are inevitable. When it comes to many of Shakespeare s plays, Aristotle s theory is used to describe them as tragedies. Romeo and Juliet is known by many as a tragedyRead MoreWilliam Shakespeare s Romeo And Juliet1264 Words   |  6 Pagestheater-going public the most important dramatist in English literature, Shakespeare oc cupies a well-known position in the world of talented authors. His canon contains thirty-seven plays, written in the late sixteenth and early seventeenth centuries. Additionally, throughout the years, they continue to sustain critical attention, with the majority of his works circling tragedies, one being Romeo and Juliet. William Shakespeare s Romeo and Juliet speaks to the timeless appeal of star-crossed lovers. Their loveRead MoreWilliam Shakespeare s Romeo And Juliet924 Words   |  4 PagesWilliam Shakespeare’s Romeo and Juliet is a tragedy that follows the so-called love of two teenagers. The two fall in love at a masked ball and have a secret marriage. Throughout the play, their actions show how ridiculous love is, and how it is a danger to anyone who become twisted in its choking grasp. However, in the death of the youth and survival of the elders, an alternative explanation for the tragic events may be found. Although Shakespeare seems to be mocking love throughout the play, itRead MoreWilliam Shakespeare s Romeo And Juliet1279 Words   |  6 Pagesour lives. The great, classic writers teach timeless, valuable life skills. Shakespeare was the greatest writer of all time. His writings mainly consisted of dramas and sonnets. Romeo and Juliet, as well as, A MIdsummer Night’s Dream were written about the same time period. He was able to inter relate everything that wrote. For example, the tale of Pyramus and Thisbe could possibly be an advertisement for Romeo and Juliet. The basic structure of the two dramas is the same; two forbidden lovers meet

What is Bayesian Thinking Free Essays

It is common knowledge that human beings commit errors in judgment all the time. In areas of uncertainty, most of us go with our gut intuition, and in most cases this intuition turns out to be wrong. Much of this is derived from the fact that humans are poor statistical thinkers, and thus poor Bayesian thinkers. We will write a custom essay sample on What is Bayesian Thinking? or any similar topic only for you Order Now What is Bayesian thinking? Let us start with an illustrative example, called the Monty Hall problem — famously depicted in the Kevin Spacey movie â€Å"21.† There are three doors, and behind each door is either a goat or a car. There will always be two doors with goats and one door with a car. The player first chooses a door without opening, and the game show host whose interests are opposed to the player, proceeds to open a different door. Since the host knows what is behind each door, he always opens a door with a goat. Now that the player is left with the initially chosen door and another closed door, the host offers an opportunity to switch to the other unopened door. Should the player switch? The answer for an intuitive Bayesian, a purely statistical thinker, should be easy. Unfortunately, human beings are not intuitive Bayesians. In fact, most people answer that it doesn’t matter if the player switches or not, since the probability of winning a car is 50% between the two doors anyways. They would be wrong. Now, before we examine the correct way to think about this problem, one might ask, so what? Why does it matter if humans are not intuitive Bayesians, or even more broadly, bad statistical thinkers? Simply, Bayesian reasoning corrects some of the issues with bad statistical thinking. Bad statistical thinking leads to bad judgments and decisions, which have a wide variety of consequences in everyday life as well as in arenas such as politics and science. Thus, everyone should become better Bayesian thinkers, because under uncertainty, accurate probabilistic judgments are useful and important.To give a accurate depiction of how Bayesian reasoning works, let us return to the Monty Hall problem, and examine why not only switching doors matters, but that it is beneficial to switch. When the host first opened the door with the goat, something happened: opening the door gave the player extra information, and thus changed the probability of outcomes. By utilizing this extra information, it is no longer a 50% chance for the player to win the car after switching doors, but a ~67% (2/3) chance. Let us suppose that the player picks the door which contains the car. The host opens either the first goat door or the second (it does not matter), and the player switches to the other goat door and loses. Now, suppose the player picks the first goat door instead, which means the host is forced to open the second goat door. Since the only other door contains the car, the player switches and wins. Lastly, suppose the player picks the second goat door. The host is forced to open the first goat door, which again, means the player will win the car after a switch. These are the only three possible scenarios, and so we see that the probability of winning is two out of three if the player switches. Conversely, what if the player doesn’t switch? In the first scenario, the player wins the car, but in scenarios two and three, the player obviously loses. Thus, to not switch is to have only a 33% (1/3) chance to win the car.The Monty Hall problem is a rather simple illustration of how Bayesian reasoning works, so in order to gain a more complete understanding, we must explore its principles. In 1763, a paper by Reverend Thomas Bayes was published posthumously called â€Å"An Essay towards solving a Problem in the Doctrine of Chances,† and brought about a paradigmatic shift in statistics: by using ever-increasing information and experience, one can gradually approach the unknown or understand the unknown (of course, his main motive was to prove the existence of God). Fundamentally, Bayesian reasoning believes in the correction of probabilities over time, and that all probabilities are merely estimates of the likelihood of events to occur. Through the further efforts of mathematicians like Lagrange in perfecting the Bayesian framework, we now have a modern and complete theory of probability. First, there are what we call priors, which is the strength of our beliefs, or put it another way, the likelihood that we are to change our beliefs. Then, we have our posteriors, which is the empirical aspect, or the influx of new information. The Bayesian framework then takes these two components and mathematically analyzes how posteriors affect priors. If we know nothing about an event, then all we can do is estimate a probability. However, if there is new information, then the probability must be corrected based on this new information. Over time, as experiences grow through more information, these estimates of probabilities will eventually fit â€Å"reality.† In the Monty Hall case, the moment the the host opened the goat door, that influx of new information, or change in posteriors, immediately influences the player’s priors. If the host doesn’t open a door, the player merely has a 33% chance to win the car between the three doors, and switching makes no difference. However, since the host removes a door, and specifically the door that contains a goat, these two new posteriors directly influence the original prior from 33% to 66%. One might think that this method of thinking is mysteriously similar to the scientific method, which is certainly true. However, To put it another way, Bayesian thinking is how to use some known information or experience to judge or predict the unknown. For example, event A is â€Å"rainy tomorrow† and event B is â€Å"cloudy tonight†. If you see cloudy tonight, what is the probability of raining tomorrow? If you use the Bayes theorem directly, you only need to know the probability of raining every day, the probability of cloudy nightly, and if one day it rains, then the probability of the cloudy night of the previous night will be substituted into the formula and done. The question is, where do these probabilities come from, and how do we infer the possibility based on the information we have . In fact, most of the valuable problems are backward problems, for example: the stock market, through those few signs can be judged to be a more or less opportunity; the hospital, through which symptoms can determine what is the disease; science Research, through several experimental data, you can construct what theory to explain the model and so on. In general, mathematicians, physicists, etc. are all about backward problems, or they can not predict or judge the outcome with few signs or phenomena, and there is no value (by the way, do not know the reverse Problem-thinking people can not fight in the financial market or the stock market. At present, the most advanced research in the speculative market is almost a process of backward stochastic process and martingale theory. It is known that the incidence of a disease is 0.001, that is, 1 in 1,000 people is sick. There is a reagent that can test whether a patient is sick or not, and its accuracy is 0.99, which means that 99% of the patients may be positive when the patient really gets sick. Its false positive rate is 5%, which means that 5% of the patients may get positive if they do not get sick. There is a positive test result of a patient, what is the probability that he does get sick?We got a staggering result of about 0.019. In other words, even if the test is positive, the probability of getting sick is only increased from 0.1% to 2%. This is the so-called â€Å"false positive†, that is, the positive result is not enough to show that the patient is sick.Why is this? Why is the accuracy of this test up to 99%, but the credibility is less than 2%? The answer is related to its false positive rate. Here we see the power of the Bayesian theorem, that it allows us to deduce the unknown probability from the known probability and the information at hand.The human brain and quantification vs heuristic thinking. The advantage of Bayesian analysis is that it does not require any objective estimation, just guess a priori casually. This is the key, because most of the events that occur in the real world have no objective probability. This is actually very similar to the scientific method: we did not know anything from the beginning, but we are willing to experiment and gradually find out the laws of nature. Bayesian reasoning operates in the same way, through continually the posterior probability in accordance with existing experimental data. Biggest problem with Bayesian reasoning is that human brains cannot quantify information easily. The most commonly raised example is Malcolm Gladwell’s â€Å"Outliers†, where many people who are trained enough in certain low-chaotic environments make correct decisions and judgments without using the Bayesian framework at all. Firefighters, for example, do not undergo a Bayesian calculus before deciding whether or not it’s safe to pull a child out of a burning building. They just do it because they’ve done it many times before, and have a rough heuristic estimate on the safety of such an action. Similarly, chess players do not use Bayesian analysis to think many turns ahead; what research has found is that through thousands of hours of practice and becoming familiar and experienced with similar setpieces in the past, gives them an ability to predict moves assuming that the opposing player is also rational. Conversely, high chaotic environments, such as the political sphere, is where Bayesian reasoning thrives due to the high amount of uncertainty.The other criticism are from the frequentists. In general, the probability of teaching in school can be called frequencyism. An event, if performed repeatedly multiple times independently, dividing the number of occurrences by the number of executions yields a frequency. For example, throwing coins, throwing 10000 times, 4976 times positive, the frequency is 0.4976. Then if the implementation of many many, the frequency will tend to a fixed value, is the probability of this time. In fact, to prove it involves the central limit theorem, but it does not start. How to cite What is Bayesian Thinking?, Papers

Installation and Configuration of ERP †MyAssignmenthelp.com

Question: Discuss about the Installation and Configuration of ERP. Answer: Introduction The organisations made heavy investments on the ERP based systems for their betterment. Some organisations have realised the power of the ERP while some others completely failed to understand the potential use of the software ERP. ERP method can be enhanced with the help of package customisation and only then the potential benefits of ERP can be understood or better say the realisation of benefits of ERP can be understood (Al-Mashari 2013). The customisation technique is another necessary aspect that affects the realisation of benefits of ERP. Strategies should be made to acquire more benefits from the realisation of benefits associated with ERP. However, few pieces of research have been made on the topic. This report will highlight the ERP projects customisation procedures to detect the benefit of realisation. This report will highlight case studies as well (Al-Sehali 2012). There are several aspects which affect an enterprises performance while an enterprise adopts the ERP systems and this report those aspects elaborately. All the companies have started to implement the ERP system in their office premises and this ERP system is known as SAP. These organisations work similar to the organisations that have adopted the ERP systems. The organisations adopting ERP can enjoy both the benefits and the adverse effects of ERP. This report will showcase the important characteristics of ERP along with the benefits it offers that can embellish the realisation of benefit. This report will compare and contrast on several aspects of ERP and will also show lights on some case studied based on ERP model. Implementing ERP in businesses There are numerous advantages that are residing within ERP systems and the organisations are implementing ERP in their office premises to mitigate the issue, one of that issue is Y2K. However, by enhancing the design of the system by reducing the inventories, reducing the deadline, cutting the heavy expenses and strengthening the management the business operations can be embellished (Bajwa 2014). These organisations have migrated to more complex methods that can give the more optimised computerised solutions. The installation and configuration of ERP based system have failed due to the variation of the expected benefits and the acquired benefits. The issues associated with people also affect the benefit of realisation. The problems correlated with hardware and software and problems associated with the configuration and integration of both hardware and software are of little significance compared to the effect of the people (Al-Sehali 2012). The other factors that must be considered a re in the disciplinary act, lack of expertise and the poor performance as a team. The organisations have faced numerous challenges but still, that affect them most is the change management. ERP should be properly used to gain the positive impact. Therefore, ERP can be implemented in business organisations to improve the decision-making process, it also assists in planning for future, it minimises the duplication of the records. ERP systems work as per organisations' choice (Bajwa 2014). They prepare an ERP model and based on that model they have to work upon. The company management team should implement the ERP model based on the benefits it can bring in the company premises. ERP gives better control and it also helps in case of traceability. ERP cut down the barriers thus embellish the internal communication. It also helps to automatize the vital tasks. It provides profitable and services along with competitive exposure (Al-Sehali 2012). It also helps to improve the performance and return on investment on long term basis. ERP also helps to retrieve the user information from the database in agile and effective manner, also helps in gaining consistency, it also helps in avoiding the data redundancy, ERP also helps in reducing the cost of the products, also offers better adaptability and scalability. ERP also keep the information system well maintained and provide the facility to update the database and provide the security as well (Ash and Burn 2013). Benefits of implementation of ERP ERP offers a competitive edge over rivals, ERP focus on providing effective services, it offers scalable operations, it offers integrity, ERP, as mentioned, offers profitable services. The other benefits that offer are mobility that the applications of ERP can be accessed from anywhere anytime (Al-Mashari 2013). Their applications are easy to use, it also provides agile and effective business solutions along with that enhanced security solutions and excellent security solutions. ERP applications have the capability to secure systems from virus threats and the intruders attacks (Ash and Burn 2013). It also provides excellent customer service. An ERP solution removes the duplication of processes, ERP also reduces the manual work as ERP works automatically without the intervention of manual needs. Thus one can get error free service, in case of manual entry, there are chances of errors, where as in case of ERP there are no chances of errors. Also one can get agile effective service, but I case of manual entry, there is no chance one can get fast service. The ERP tools give the administers or the managers to forecast on the vital aspects of the industry like share market and also help to showcase their company market size and position. The departments located in dispersed regions can collaborate and connect with each other with the help of ERP and thus can share business activities among themselves (Al-Mashari 2013). ERP also helps in scalability, structured ERP helps in when any business organisations want to grow and prosper. ERP facilitates the growth. ERP offers cost effective profitable service, it prevents any disruptions inside. ERP can help to communicate with the clients, the clients' history can be accessed with the help of ERP, thus sales people can communicate with the clients faster, this improves the relationship between the clients' and the company's representatives. ERP is famous for providing security, accuracy and consistency of information via bu ilt-in hardware and software resources along with the firewall. The managers can restrict data flow thus can assure the security of the enterprise. ERP is now available in the form of Cloud ERP (Ash and Burn 2013). The tech giants Amazon and Microsoft offer cloud hosting like Amazon AWS Cloud platform and Microsoft Azure platform respectively. The organisations deploy Cloud ERP apps on these cloud platforms. Thus it maximises the productivity of any company. Factors Influencing ERP systems Benefit Realization Though the beneficial aspects of ERP have been discussed it can be stated that the installation and configuration of ERP cannot be beneficial at all. There are factors which can restrict the use of ERP (Balderston 2015). The employees of the organisations can offer resistance due to some issues. Also, the installation and configuration of ERP take a hell lot of time, and also a load of money that needs to be addressed, due to this there can be a delay in installation. Other than the workers even the top management team can offer resistance, this kind of misunderstanding can be fatal as the whole system can fail. The organisations need to clarify all the details before proceeding further, they should consider the skills, expertise, the ERP software design and workings. Based on these factors the organisations must have the mitigation procedures to counter attack the issues related to ERP (Beheshti 2016). The primary issues must be analysed and should be detected at first and then the deep analysis should be made on the case study (Balderston 2015). Several initiatives and approach must be made to make valid and strong proposals otherwise the project will fail miserably causing a negative impact on the benefit of realisation. The ERP industry is divided into three categories the organisations that offer the ERP application program, the professional who is expert in installing and configuring the software. The third ones are the customers of the organisations (Beheshti 2016). A huge amount of money investment is required to install the ERP and to get the benefits. There are several procedures and methods that can facilitate the ERP model, and one such procedure is the Benefits realisation from the Cranfield procedures, and the others are an active model (Bingi and Godla 2013). Though there are various tools however despite all these tools, the organisations fail to deliver the full potency to their respective organisation premises. The best application of the software is that it actually helps to manage the advantages of IS and IT. Realisation benefits become the gap between the theories and the practices. Cranfield model is used to identify the benefits. The model is designed to find the objective of the investment and the benefits associated with it under ERP (Birnbaum and Edelson 2012). There are numerous restrictions associated and they can be obtained by the Benefits Management model. The restrictions are-change management, poor reporting, lack of expertise, poor prioritization, inadequate support, poor performance as a team, malfunctioning of software, poor management of the applications and the modifications performed in a poor manner (Bingi and Godla 2013). Expected versus actual ERP implementation Benefits The companies who have installed and configured ERP can acquire arrange of tangible and non-tangible benefits (Birnbaum and Edelson 2012). The companies expect to achieve the benefit is by the method of lessening in finance cycle closure. The discrepancies are showing clearly in between the companies that want to acquire something from the ERP and the companies which are receiving benefits from the ERP (Bruce 2016). The enterprises have identified multiple benefits associated that are correlated with performance. ERP benefits realization barriers and challenges The restrictions or the barriers faced include the malfunctioning of software. However, the issues addressed are somewhat related to people in any way. Change management is the most critical barrier to Benefit Realisation that needs to be addressed and appropriate steps must be taken to mitigate and control it (Chaudhuri Ganti 2015). Appropriate information systems must be implemented and must be used to get successful results and all the enterprises must be aware of this fact. That is why the enterprises are more focused on the methodologies associated with change management and correct usage of the information systems. The vital aspect of any enterprise is to consider the strategy associated with the change management is the cultural change and that must be considered by all the organisations (Dillard and Yuthas 2016). The procedures of ASAP implementation of SAP are mainly focussed on the methodologies associated with change management and the inclusion of numerous resources supp orting the procedures (AMR Research. 2012). The advanced research is required for any complex issues that may arise correlated with the change management and if any modification is required, that change must be done for the betterment. Case study of ERP systems in Massachusetts Institute of Technology The Massachusetts Institute of technology in the 20th century had initially about 8000 faculties and about 10000 students (Brynjolfsson 2013). The students had to face immense pressure from the outsiders and the Institute had to face a critical challenge associated with the budget. The federal growth and the expenditure of the US seriously affect the Institute (Carlino 2014). The budget for the research significantly got lowered and suffered severely. On the other hand, the tuition fee of the students significantly got aroused. Many students faced difficulties as they could not get admission to one of the most prestigious institutes of the world (Davenport 2013). These problems ultimately made the increment gap and eventually, MIT faced hurdles to attract the then stakeholders. That is why MIT decided to convert their prevalent financial system into main-time financial information (Davenport 2016). MIT thus considered two approaches the first strategy is to develop a single improved system for the institute while the other approach is to purchase a similar system for the Institute. MIT decided to buy an ERP system for their institute as there are multiple complications regarding the building of such ERP systems from scratch and MIT was not ready to handle those complications (Deloitte Consulting 2015). The ERP which was purchased simply works on the practices carried out in the industry. The profit for the institute can only come following certain strategies (Gartner 2014). The research showed that the organisations that have performed well over the years have effectively used their own strategies and own data mining procedures. A review was made of 1500 chief information officers and there they said that the business intelligence is the business solution for the business organisations that follow the methodologies of ERP design model or the ERP framework (Gefen and Ridings 2012). While about 142 organisations were reviewed, about 70% of the respondents of those organisations were found to utilise the activities associated with Business Intelligence. Process of ERP Implementation in the Institute MIT started the installation and configuration of ERP system called SAP and they started it in the year 1995. The primary objective was to correlate SAP central finances with the estate management at the MIT premise (Kalling 2013). The second approach was to enhance the DLCS all over the institute and then the application of ERP system over there step by step. Inside MIT there is a professional skilled IT team and this team is developed by MIT and their duty was to measure the ERP system inside the organisation and predict the best product for MIT among all the products available in the market for sale (OLeary 2012). After all the discussions MIT finally came to the conclusion that the Oracle and SAP were two best solutions for the ERP systems, they found that these were the two vendors MIT could rely upon to mitigate and solve the issues they were undergoing (Olson 2014). MIT already grabbed a large amount of market share, MIT also had expertise on SAP and was ready to adopt with the new features and was ready to learn new things related to SAP (Rayner and Woods 2014). Therefore, they choose SAP more precisely SAP R/3 after considering all the reviews applicable among all the vendors chosen with respect to installation and configuration of ERP system. Many organisation shaves faced several issues related to ERP system while installing and configuring the ERP system at their premises and some of the organisations have successfully implemented the ERP system at their premises to enhance their financial activities (Sarkis and Sundarraj 2013). MIT inspired by the success of the ERP system implemented the same in their premises too. They too had an urge to adopt corporate culture within their premises and they want to embellish the operational efficiency by cutting down the heavy expenses. Hence they took the decision to adopt the ERP system for their premises as this could assist them to face and overcome the financial crisis. Massachusetts Institute of Technology has taken the significant approach to enhance the business activities within the institute (Stewart et al 2015). They have invested a lot of money; they invested around $5 billion for the ERP system. They tried to overcome the financial crisis they were facing (Weil 2015). According to the modern trends and keeping in mind the modern demand of the market the ERP vendors are taking initiatives to increase their market share, SAP and Oracle being the dominant market shareholder. However, despite their best efforts Massachusetts Institute of Technology could not apply the software successfully in their premises, about 60 to 80 % educational institutes failed to execute the application and Massachusetts Institute of Technology was no exception (Wilderman 2014). ERP was built keeping in mind the business organisation and for the success of their organisations. ERP has the capabilities to offer varied customisation solutions, however, these customisation options are responsible for failure too if not properly optimised. Therefore, there are risks associated with it. To mitigate those risks, the project scope must be analysed, the installation cost and the budget associated with it must be taken into consideration. These parameters if not followed, then the p roject may fail miserably or the project can get delayed (Colombatto and McCarthy 2017). Thus ERP in this case study created a lot of tensions and panic for Massachusetts Institute of Technology and affected them in many ways, they lost all the money they invested. Conclusion It can be concluded from the above discourse that the educational institutes are adopting ERP in their premises to integrate the business activities and manage complicated activities with ease. The colleges, the universities and all the educational institutes are competing among each other to provide best educational facilities to students at minimal costs for the decrement of the investment from the government and increment of stakeholder. This is the reason all the institutes are now more focussed on ERP systems and similarly, ERP system is becoming more and more attractive to the educational institutes. The ERP has the capability to offer standards to the institutes. The ERP system can be beneficial to the organisations and the educational institutes all over the world. In case of educational institutes, the ERP can help to re-engineer their business activities as well as it can embellish the quality of education in the college university arena. In enterprises, it is quite easy to adapt the ERP system and reengineering of business activities is simple to configure, however, in case of universities and college and all educational institutes it is quite hectic to adopt the new ERP system. The college universities or other similar higher educational institutes get a very short span of time and the capital they earn is great comparable to time they get. Moreover, the revenues the college or the universities receive is almost fully utilised for the educational purposes whereas the money or the revenues the business organisations earn gets distributed in other sectors to earn more profits and to generate more revenues. The corporate bodies have risks m anagement plan they have a management team who is expert in handling those failure and critical issues, they have the knowledge on project management, the management team is not as professional as those of the corporate bodies. This lack of expertise is the reason why they fail. The structure and the environment of the organisation have a greater impact on the installation and configuration of ERP system. The project methodologies and the hierarchical structure help enterprise like ENGCO to implement ERP and perform business activities smoothly but in case of MIT, the college environment was not suitable for conducting high-level business activities. The change management plays a vital role in the implementation of ERP in both institutes and business organisations. The report highlighted all the aspects of ERP installation and configuration of ERP, the challenges that the business organisations and corporate enterprise can face have been showcased in details. The reasons why MIT failed to implement ERP have been grandstand as well. The reasons why it is difficult to implement ERP in the educational institutes have been highlighted in details. References Al-Mashari, M. 2013. Enterprise resource planning: A taxonomy of critical factors.European Journal of Operational Research, 146(2), pp. 352-364. Al-Sehali, S. H. 2012. The factors that affect the implementation of enterprise resource planning (ERP) in the international arab gulf states and united states companies with special emphasis on SAP software (saudi arabia), University of Northern Iowa. AMR Research. 2012. AMR Research predicts enterprise applications market will reach $70 billion in 2006. Ash, C., and Burn, J. 2013. A strategic framework for the management of ERP enabled e-business change.European Journal of Operational Research, 146(2), pp. 374-387. Bajwa, D. S., 2014. An integrative framework for the assimilation of enterprise resource planning systems: Phases, antecedents, and outcomes.Journal of Computer Information Systems, 44(3), pp. 81-90. Balderston, F. E. 2015. Managing today's university: Strategies for viability, change, and excellence, jossey-bass higher and adult education series. ERIC. Beheshti, H. M. 2016. What managers should know about ERP/ERP II.Management Research News, 29(4), pp. 184-193. Bingi, P., and Godla, J. K. 2013. Critical issues affecting an ERP implementation.Information Systems Management, 16(3), pp. 7-14. Birnbaum, R., and Edelson, P. J. 2012. 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