...Smart Management Question 1: one consulting firm has predicted that video and web conferencing will make business travel extinct. Do you agree? Why or why not? Answer: I don’t agree with this consulting firm. I think video and tele conferencing will reduce the business travel in some extent (according to the case it 20%) but not totally. Regular business meeting can be done by the video or teleconferencing, but where it is necessary to be present physically, there is no alternative. The buyer of the garments has to come & check the quality of garment product because he can’t check the quality of the garments over camera. In near future unless 3D telepresence system or something revolutionary technology come up the business travel will not extinct. Question 2: what is the distinction between videoconferencing and telepresence? Answer: the distinction between videoconference and telepresence lie on the technology. Telepresence picks up where video conferencing left off. Videoconferencing is the predecessor of telepresence. Telepresence is real time, full-high-definition, immersible sound and vision. tele presence is more technologically advanced than videoconference and thus more costly than videoconferencing. Question 3: what are the ways in which videoconferencing provides value to a business? Would you consider it smart management? Explain your answer. Answer: videoconferencing is providing value in business in many ways. It has- - Reduced travel cost - Improved communications...
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...Northern Caribbean University College of Business and Hospitality Management Assignment Case Study #2 Presented in Partial Fulfilment Of the Requirements for the Course MGMT485 Management Information Systems by Iwassane Burton 11090193 January 28, 2014. 1. One consulting firm has predicted that video and web conferencing will make business travel extinct. Do you agree? Why or why not? A videoconference allows individuals at two or more locations to communicate simultaneously through two-way video and audio transmissions, and web conferencing refers to a service that allows conferencing events to be shared with remote locations. I do agree that these two tools will lead to the extinction of business travels. My reason for agreeing with this is because of the economic benefits that are made possible by this technology. One of the best things a firm can achieve is to reduce cost, and video conferencing definitely does this since it allows them to avoid costs associated with business travels. Another reason for my agreement is the fact that videoconferencing is now growing at an annual rate of 30%, thus if it continues to grow like this then it will soon take over. 2. What is the distinction between videoconferencing and telepresence? Videoconferencing is an online tool that allows individuals at two or more locations to communicate simultaneously through two-way and audio transmissions. Telepresence is a leading-edge-high-end videoconferencing...
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...2 Global E-Business and Collaboration Interactive Session:Technology:Virtual Meetings:Smart Management Case Study Questions 1. One consulting firm has predicted that video and Web conferencing will make business travel extinct. Do you agree? Why or why not? Disagree. To some extent, video and web conferencing do reduce the business travel, but not completely. There are still plenty of times when face-to-face interaction is more desirable,and often traveling to meet a client is essential for cultivating clients and closing sales. When it is necessary to be present, there is no alternative. 2.What is the distinction between videoconferencing and telepresence? Videoconferencing is the conduct of a videoconference (also known as a video conference or video teleconference) by a set of telecommunication technologies which allow two or more locations to communicate by simultaneous two-way video and audio transmissions. Telepresence refers to a set of technologies which allows a person to feel as if they were present, to give the appearance of being present, or to have an effect, at a place other than their true location. It is the top-of-the-line videoconferencing technology. The distinction between them lies in technology. Telepresence picks up where videoconferencing leaves off. Telepresence is real time, full-high-definition, immersible sound and vision and more technologically advanced than videoconferencing and thus more costly than it. What are the ways...
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...1. One consulting firm has predicted that video and Web conferencing will make business travel extinct. Do you agree? Why or why not? As of now I disagree. Video and Web conferencing would probably diminish or moderate business travel but I don’t think business travel would be totally nonexistent. Like cited in the article that in recent times, modern technology has not totally fixed poor audio and video reception and it’s preferably expensive that makes for large corporations accessible only. It is even cited that “Most companies deemed videoconferencing a poor substitute for face-to-face meetings.” Although telepresence has been developed which is the top-of-the-line videoconferencing technology, full installation of such would rate $500,000. Small business can’t venture to such technological advancement. Moreover, when formality is on the line then personal meet up would seal the deal. 2. What is the distinction between videoconferencing and telepresence? A video conference allows individuals at two or more locations to communicate simultaneously through two-way video and audio transmissions. Until recently, the technology was plagued by poor audio and video performance, and its cost was prohibitively high. Telepresence on the other hand is the top-of the-line videoconferencing technology that strives to make users feel as if they are actually present in a location different from their own. You can sit across a table from a large screen showing someone who looks...
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... Introduction ● What are virtual meetings? 4 Videoconference ● A videoconference allows individuals at two or more locations to communicate simultaneously through two-way video and audio transmissions. ● Growing at an annual rate of 30 percent. ● Examples: 1. Rip Curl, a producer of surfing equipment, uses videoconferencing to help its designers, marketers, and manufacturers collaborate on new products. 2. Executive recruiting firm Korn/Ferry International uses video interviews to screen potential candidates before presenting them to clients. 3. Zomato also uses Skype for interviewing potential candidates. 5 Telepresence ● The top-of-the-line videoconferencing technology is known as telepresence. ● It is defined as a sensation of being elsewhere, created by virtual reality technology.[1] ● Prices for fully equipped telepresence rooms can run to $500,000. 6 Case Studies Questions 1. One consulting firm has predicted that video and Web conferencing will make business travel extinct. Do you agree? Why or why not? 7 Case Studies Questions 2. What is the distinction between videoconferencing and telepresence? 8 Case Studies Questions 3. What are the ways in which videoconferencing provides value to a business? Would you consider it smart management? Explain your answer. 9 Case Studies Questions 4. If you were in charge of a small business, would you choose to implement videoconferencing? What factors would you consider in your...
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...1. 2. What is the distinction between videoconferencing and telepresence? Ans-1: Videoconference is a technique of communication which allows individuals at two or more locations to communicate through two-way video and audio transmissions at the same time. The critical feature of videoconferencing is the digital compression of audio and video streams by a device called a codec. Those streams are then divided into packets and transmitted over a network or the internet. On the other hand, telepresence is the top-of-the-line videoconferencing technology. It strives to make users feel as if they are actually present in a location different from their own. Telepresence products provide the highest-quality videoconferencing available on the market to date. Only a handful of companies, such as Cisco, HP, and Polycom, supply these products. 3. What are the ways in which videoconferencing provides value to a business? Would you consider it smart management? Explain your answer. Ans-2: Yes, I would consider it smart management because in businesses where the company men need to interact and communicate constantly with people from various locations especially foreign, it is a very effective. It allows for 'better' meetings as well: it's easier to meet with partners, suppliers, subsidiaries, and colleagues from within the office or around the world on a more frequent basis, which in most cases simply cannot be reasonably accomplished through travel. They can also meet with...
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...is marketing? What Every product we buy, every store we visit, every media message we receive and every choice we make in our consumer society has been shaped by the forces of marketing. CIM (The Chartered Institute of Marketing) offers the following definition for marketing: “ The management process responsible for identifying, anticipating and satisfying customer requirements profitably.” Sometimes people assume marketing is just about advertising or selling, but this is not the whole story. It is a key management discipline that ensures producers of goods and services can interpret consumer desires and match, or exceed them. The marketing process is central to the business performance of companies, both large and small, because it addresses the most important aspects of the market. It is about understanding the competitive marketplace and ensuring you can tap into key trends, reaching consumers with the right product at the right price, place and time. Clever marketing has led to many recent business success stories - from pharmaceuticals to airlines, sports brands to food and drink, business-to-business companies to small, niche players. Getting close has become more important than ever as digital and mobile technology make inroads into all aspects of life. This revolution has also provided new tools to make marketing more targeted, relevant and effective. Today, as competitive pressures increase, marketing skills have never been more highly valued. What was once seen as...
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...op yo rP os t NA0186 A Telemedicine Opportunity or a Distraction? Janis L. Gogan, Bentley University Monica J. Garfield, Bentley University S hawn Farrell, Executive Director of the Partners TeleStroke program, glanced at his smart phone while striding toward his office at Massachusetts General Hospital (MGH) in Boston; he nearly collided with Lee Schwamm, MD. Knowing that Dr. Schwamm’s overfull schedule as Vice Chairman of Neurology and Director of Acute Stroke and TeleStroke Services meant he had little time to chat, Farrell used the near-collision as an opportunity to quickly mention a recent conversation with a nurse from Falmouth Hospital on Cape Cod. An active participant in the TeleStroke service, Falmouth Hospital was regularly honored for its adherence to best practices in stroke care. “Recently some Falmouth nurses asked how we can convince other MGH departments—such as in critical-care pediatrics—to provide similar telemedicine consultation services,” Farrell stated, adding “Their nurse stroke coordinator, Jean Estes, is a huge cheerleader for TeleStroke.” Dr. Schwamm continued moving toward his office as he replied, No tC Shawn, don’t we already have too much to do? I need to see patients, complete the analysis for a study I am working on, submit a grant application. Next week I will speak at an international neurology conference. Telemedicine can certainly be invaluable in many clinical domains, but there just are not enough...
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...satisfying customer requirements profitably.” 2 Marketing and the 7Ps – © CIM 2015 Marketing and the 7Ps: A brief summary of marketing and how it work 01 is marketing? What Every product we buy, every store we visit, every media message we receive and every choice we make in our consumer society has been shaped by the forces of marketing. CIM (The Chartered Institute of Marketing) offers the following definition for marketing: “ The management process responsible for identifying, anticipating and satisfying customer requirements profitably.” Sometimes people assume marketing is just about advertising or selling, but this is not the whole story. It is a key management discipline that ensures producers of goods and services can interpret consumer desires and match, or exceed them. The marketing process is central to the business performance of companies, both large and small, because it addresses the most important aspects of the market. It is about understanding the competitive marketplace and ensuring you can tap into key trends, reaching consumers with the right product at the right price, place and time. Clever marketing has led to many recent business success stories - from pharmaceuticals to airlines, sports brands to food and drink, business-to-business companies to small, niche players. Getting close has become more important than ever as digital and mobile technology make inroads into all aspects of life. This revolution has also provided...
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...VOICE, VIDEO, AND DATA NETWORK CONVERGENCE VOICE, VIDEO, AND DATA NETWORK CONVERGENCE ARCHITECTURE AND DESIGN, FROM VOIP TO WIRELESS JUANITA ELLIS CHARLES PURSELL JOY RAHMAN Amsterdam Boston London New York Oxford San Francisco Singapore Sydney Tokyo Paris San Diego This book is printed on acid-free paper. Copyright 2003, Elsevier Science (USA). All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without permission in writing from the publisher. Permissions may be sought directly from Elsevier’s Science & Technology Rights Department in Oxford, UK: phone: (+44) 1865 843830, fax: (+44) 1865 853333, e-mail: permissions@elsevier.com.uk. You may also complete your request on-line via the Elsevier Science homepage (http://elsevier.com), by selecting “Customer Support” and then “Obtaining Permissions.” Explicit permission from Academic Press is not required to reproduce a maximum of two figures or tables from an Academic Press chapter in another scientific or research publication provided that the material has not been credited to another source and that full credit to the Academic Press chapter is given. Academic Press An imprint of Elsevier Science 525 B Street, Suite 1900, San Diego, California 92101-4495, USA http://www.academicpress.com Academic Press 84 Theobald’s Road, London WC1X 8RR...
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...Professor Edward Desmarais BUS 470 Business Policy and Strategy Spring 2004 SOUTHWEST AIRLINES CASE ANALYSIS Presented by: The Stategizers Lawrence Bluemmel, Irene Johnson, Dennis Mackey, Dorothea Morgan, Elaine Pereira, Jeff Piecuch, Heather Pontifex, Nicole Soucy TABLE OF CONTENTS I. Executive Summary 3 A. Mission 3 B. Vision 3 C. Objectives 3 D. SWOT Summary 6 E. Recommendations 7 II. Current Situation 8 A. Current Performance 8 B. Strategic Posture 9 III. Corporate Governance 25 A. Board of Directors 25 B. Top Management 25 IV. External Factors 27 V. Internal Factors 118 VI. Action Plan 178 Appendix A. Stakeholders Worksheet 206 Appendix B. Answers to Panel’s Questions 212 I. EXECUTIVE SUMMARY A. Mission To provide a low-cost/low-price/no-frills, reliable, friendly service with “more value for less money” mode of transportation for consumers traveling short distances for business and/or leisure. B. Vision ...
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...PART A: THE BUSINESS ORGANISATION, ITS STAKEHOLDERS AND THE EXTERNAL ENVIRONMENT Study Guide A1 The purpose and types of business organisation (a) (b) (c) (d) (e) Define ‘business organisations’ and explain why they are formed. Describe common features of business organisations. Outline how business organisations differ. List the industrial and commercial sectors in which business organisations operate. Identify the different types of business organisation: (i) (ii) (iii) (iv) (v) Commercial Not-for-profit Public sector Non-governmental organisations Cooperatives Intellectual level K K K K K A2 Stakeholders in business organisations (a) Define stakeholders and explain the agency relationship in business and how it may vary in different types of business organisation. Define internal, connected and external stakeholders and explain their impact on the organisation. Identify the main stakeholder groups and the objectives of each group. Explain how the different stakeholder groups interact and how their objectives may conflict with one another. Compare the power and influence of various stakeholder groups and how their needs should be accounted for, such as under the Mendelow framework. K (b) (c) (d) (e) K K K K EXAM FOCUS POINT This chapter lays the foundation for an understanding of what organisations are and how they are controlled. These topics represent a higher level of knowledge. According to the Study Guide you must be able to apply knowledge to exam...
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...achieve which of the primary business objectives? A) Operational excellence B) Survival C) Customer and supplier intimacy D) Improved decision making 2) Journalist Thomas Friedman's description of the world as "flat" referred to: A) the flattening of economic and cultural advantages of developed countries. B) the use of the Internet and technology for instantaneous communication. C) the reduction in travel times and the ubiquity of global exchange and travel. D) the growth of globalization. 3) The six important business objectives of information technology are: new products, services, and business models; customer and supplier intimacy; improved decision-making; competitive advantage; operational excellence, and: A) flexibility. B) survival. C) improved business practices. D) improved efficiency. 4) The use of information systems because of necessity describes the business objective of: A) survival. B) improved business practices. C) competitive advantage. D) improved flexibility. 5) Which of the following choices may lead to competitive advantage (1) new products, services, and business models; (2) charging less for superior products; (3) responding to customers in real-time? A) 1 only B) 1 and 2 C) 2 and 3 D) 1, 2, and 3 6) Verizon's implementation of a Web-based digital dashboard to provide managers with real-time information such as customer complaints is an example of: A) improved flexibility. B) improved decision-making. C) improved efficiency...
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...[CHAPTER 2] Case Study: Collaboration and Innovation at Procter and Gamble 1. What is Procter & Gamble's business strategy? What is the relationship of collaboration and innovation to that business strategy? P&G’s business operations are divided into three main units: Beauty Care, Household Care, and Health and Well-Being, each of which are further subdivided into more specific units. In each of these divisions, P&G has three main focuses as a business: * maintain the popularity of its existing brands, via advertising and marketing; * extend its brands to related products by developing new products under those brands; * innovate and create new brands entirely from scratch. Having R&D teams spread throughout 30 sites globally, P&G is in strong need of collaboration tools that allow researchers, marketers, and managers to easily gather, store, and share knowledge and information. At 3.4 percent of revenue, P&G spends more than twice the industry average on innovation to support its business strategies. 2. How is P&G using collaboration systems to execute its business model and business strategy? List and describe the collaboration systems and technologies it is using and the benefits of each. To support the business strategy of innovating and creating new brands entirely from scratch, P&G must find the right tools to support collaboration and innovation. Some of the collaboration system the company's employees and partners...
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...Information Systems, Fourth Edition • Stair, Reynolds Management Information Systems, Sixth Edition • Oz Information Technology in Theory • Aksoy, DeNardis Office Applications in Business Problem-Solving Cases in Microsoft Access & Excel, Sixth Annual Edition • Brady, Monk Succeeding in Business Applications with Microsoft Office 2007 • Bast, Gross, Akaiwa, Flynn, et.al Succeeding in Business with Microsoft Office Excel 2007 • Gross, Akaiwa, Nordquist Succeeding in Business with Microsoft Office Access 2007 • Bast, Cygman, Flynn, Tidwell Databases Database Systems, Eighth Edition • Rob, Coronel Concepts of Database Management, Sixth Edition • Pratt, Adamski Data Modeling and Database Design • Umanath, Scamell A Guide to SQL, Seventh Edition • Pratt A Guide to MySQL • Pratt, Last Guide to Oracle 10g • Morrison, Morrison, Conrad Oracle 10g Titles Oracle9i Titles Enterprise Resource Planning Concepts in Enterprise Resource Planning, Third Edition • Monk, Wagner Data Communications Data Communications and Computer Networks: A Business User’s Approach, Fourth Edition • White Systems Analysis and Design Systems Analysis and Design in a Changing World, Fifth Edition • Satzinger, Jackson, Burd Object-Oriented Analysis and Design with the Unified Process • Satzinger, Jackson, Burd Systems Analysis and Design for the Small Enterprise, Third Edition • Harris Security Management of Information Security, Second Edition • Whitman, Mattord Principles of Information Security, Third Edition • Whitman,...
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