MiFID’s Impact on American Markets

The Markets in Financial Instruments Directive, or MiFID, is a European Union Law that maintains peace and order within 30 states that are members of the European Economic Area by means of ensuring imposition of orderly policies and laws for investment services. The goal of Directive is to increase the level of competition as well as to protect the consumer in investment services. To be able to classify which businesses are covered by the union and which aren’t, MiFID characterizes between investment services and operations, or the core service, and ancillary services or non-core services.

If a business operates investment services and acts, it is subjected under Directive in respect two of these and also of ancillary services. However, if a business only operates ancillary services, it is not put under the union yet nor can it obtain the benefits that the union’s passport can offer. The Directive secures most traded financial goods with an exception to particular international exchange trades. This involves commodities and other derivatives like freight, carbon and climate derivatives.

So how can it affect the market industry of the US? Markets in Financial Instruments Directive affect several if not all firms that have been held as subjects to the ISD with an addition to firms that weren’t subjected to ISD in the past. This includes investment banks, portfolio managers, stockbrokers and broker dealers, corporate finance firms, many futures and options businesses and some commodity-related companies.

As said earlier, the Directive necessitates the Member States to organize the policies governing investment utilities and activities. To this end, the Member States should facilitate an authorization system that allows investment businesses to operate within the European Union. In simpler and more comprehensive terms, the Directive should enable investment companies, financial institutions and stock markets to provide their services outside borders based upon the authorization filed by the main authority of their native Member State. Due to the fact that authorization is subjected to the same policies and requirements that are legalized in all the Member States, it will induce harmonization of policies handling investment businesses. In this situation, the Directive is intended to level national rules supervising the provisions of investment utilities and the processes of stock exchanges, with the ultimate goal of producing a single European securities rule book.

To learn more about markets in financial instruments directive and their scope of responsibilities and effects outside the European borders, you can view various research content on the net that may serve as a more comprehensive explanation of the subject at hand.

Entrepreneurs: Family Laundry is HUGE Market

Technology entrepreneurs are always looking for a huge “need” in the marketplace and then coming up with a new product that “fills that need”. Maybe laundry isn’t exciting, but if you are an entrepreneur looking for that huge market, consider this: every second of the day approximately 1000 loads of laundry are started in the world. An enterprising marketer, with a plan and a respectable networking machine only needs to capture a small fraction of less than 1% of this market to create a powerful business for themselves. If they have a large, established network, then huge fortunes can easily be made. Environmentalists love this too, because this system can potentially reduce anywhere from 25,000-30,000 gallons of phosphate laden rinse water back into our environment every second of the day. An amazing new technology has just hit the market that is revolutionizing the way families have historically washed their clothes. What a paradigm shift!!

This is a WIN-WIN situation- cleaner clothes and cleaner environment. Clothes aren’t just cleaned; they are sanitized and deodorized with this system. Because cold water is used, colors and whites can be mixed. Colors are more vibrant. Fabrics are softer and fluffier. Because detergents are eliminated there are no chemical skin sensitivities. Use the existing washer in most cases. Your time doing family laundry is reduced.

This is not a toy, or a gimmick. It is a rugged system that simply attaches to the washing machine. It has undergone 2 years of field testing. This is not a start-up company; they have a history of bringing high quality innovative technology to the market that works, and is affordable. There is a proven marketing plan in place and training and support is already available. The company controls manufacturing in their own U.S. facilities.

BCB Associates is a group of individuals, professionals and companies working together to disseminate information and supply products and services that address air, water, nutritional and environmental issues in today’s home and workplace. We are interested in establishing and maintaining communication with individuals, qualified local professionals and companies involved in indoor environmental issues and appreciate your comments and input.

The Critical Role of Order Accuracy in Hospitality

The Impact of Order Accuracy on Customer Satisfaction
Order accuracy is the measure of how precisely a restaurant or hotel staff member fulfills a customer’s request. It’s a seemingly simple concept, but its implications are vast. In the hospitality sector, the goal is to consistently hit the mark of 100% order accuracy. This is because even a small mistake can lead to customer dissatisfaction, negative reviews, and ultimately, a loss of revenue.

To avoid errors, many servers and wait staff utilize tools like waist aprons with pockets, which allow them to carry notebooks and order books for recording orders accurately, rather than relying on memory alone. This practice is not only helpful but often essential in busy dining environments.

The Ripple Effect of Inaccuracy in Hospitality
In the restaurant industry, the importance of getting orders right cannot be overstated. A study by Toast, Inc. found that 73% of diners agree that restaurant technology improves their guest experience, which includes technology that aids in order accuracy source: Toast Tab. Restaurants that prioritize order accuracy can expect fewer customer complaints and a stronger reputation in the community, leading to repeat business and positive word-of-mouth.

Hotels also face significant challenges when it comes to order accuracy. Whether it’s a room service meal or the specifics of a guest’s room preferences, inaccuracies can sour a guest’s experience. According to a report by Qualtrics XM Institute, hotel guests who have a positive experience are 1.5 times more likely to return and are 1.7 times more likely to recommend the hotel source: Qualtrics. Therefore, hotels aim for an impressive 90% to 100% order accuracy rate to ensure guest satisfaction and encourage future bookings.

Benefits of High Order Accuracy
Customer Satisfaction: Accurate orders mean happy customers who are more likely to return.
Revenue Preservation: Correct orders prevent revenue loss from refunds or compensations due to mistakes.
Enhanced Reputation: A track record of accuracy bolsters the business’s image and can lead to increased patronage.
The Bottom Line for Hospitality Professionals
Whether you’re a manager, a server donning a server apron, or any other member of the hospitality team, striving for 100% order accuracy is crucial. Falling short can result in lost revenue and potentially jeopardize employment. In an industry where the margin for error is slim, and the competition is fierce, order accuracy is not just a metric—it’s a mission.