...BIS/221 March 16, 2015 The Importance of Measuring Enterprise Impact Learning Team B has another brief discussion of the importance of measuring enterprise impact. The video with David Moschella summarized the importance of accurate tracking of data and without the technology put in place most companies are losing important data. Measuring, Monitoring and Managing Data In brief discussion, the team focused on measuring, monitoring and managing data. Gery specifically notes that many companies are outsourcing this task to companies rather than keeping it in house. Sheri talks about another great way to measure, monitor and manage with experience she has had with Lean Sigma Six. Define, measure, analyze, improve and control has been taught to her as DMAIC, which is another way for her to think about measuring monitoring and managing data and the importance of the impact on her organization. I myself with a small business that is growing am starting to do research on the best ways to measure, monitor and manage my data. Some questions to help me determine the importance of data are what will I use this information for? Can this information help grow my business? Do I have time to measure monitor and manage the data or should I outsource it? An article in ComputerWeekly.com states that using small business software can benefit a company by helping increase or measure productivity, it can save time and money, and make processes more efficient. (Mahomed, n...
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...The Importance of Measuring Enterprise Impact One of the key assets of an enterprise is information. Huge amounts of raw data are produced during every operational transaction in the company. Processing raw data into valuable information allows an enterprise to take more accurate decisions into action. Information technologies give support in big business systems like (ERP) Enterprise Resource Planning, utilized in recognizing, extracting and analyzing business data, such as, sales revenue by product and/or department. Measuring data is difficult, and companies have to have complex systems for tracking ERP. Outsourcing Data With changing times, systems need to have data energy uses calculated into the core processes to retain more accurate data. Measuring impact is the recognized way in which you show the value your organization is delivering to its recipients and the general public as a whole. Often, companies feel the need to cut internal energy use; therefore, they outsource data processing duties. Businesses must be cautious when outsourcing data. This outsourcing can cause serious issues if the outsourced work is inaccurate or worse, manipulated to cause intentional damage to the company. It is difficult to have patience with outsourced companies that produce inaccurate work, as that is the main objective: they were hired to do the job proficiently and accurately. Having internal processes in place for data formulas can cut down significantly on misuse and incorrect data...
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...The Importance of Measuring Enterprise Impact Write a 350- to 700-word summary of the discussion your team had about enterprise impact and measurement of business intelligence in Week 4. Include a discussion on the measuring, monitoring, and managing of the work environment. How does the business handle these demands? The video provided valuable information on the Importance of Measuring Enterprise, in which a business deals with day to day transitions, monitoring how well they can handle the demands of Measuring, track, and managing the work environment. This will be the way it can improve as well as support any management decisions. This is a key factor for any business to monitor the overall production process of the organization, helping management with decision making. One of the benefits is that businesses have the capability to monitor up-to-the minute information, and have real time tracking business transactions. In the video, it states that very few firms have very good data systems that use information technology to track the flow of goods and services. Data can easily be manipulated to adjust numbers for any given company especially the firms that outsource data to other countries. The majority of the companies, who outsource data to other countries, do it to cut down on the cost. One of the issues is that there is no real audit for outsourcing business data; therefore they can be altering the numbers to show that the production is doing well. In today’s world...
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...The Importance of Measuring Enterprise Impact Zachary Bloom BIS/221 February 16th, 2015 Thomas Klopfer The Importance of Measuring Enterprise Impact “Green hype and green washing may be on the endangered species list and going away, however, green IT for servers, storage, networks, facilities as well as related software and management techniques that address energy efficiency including power and cooling along with e-waste, environmental health and safety related issues are topics that won’t be going away anytime soon.” (Schulz, 2015) Renewable energy, recycled products and storing data are ways that a business can reduce its carbon footprint The question that needs to be asked is a business green washing their data or products to make it seem like they are environmental friendly. Carbon Footprint In week four my team and I did research and had a discussion over a video we watched on the importance of measuring enterprise impact. “Green washing is a form of marketing spin in which green PR or green marketing is deceptively used to promote the perception that an organization's aims and policies are environmentally friendly. Whether it is to increase profits or gain political support, greenwashing may be used to manipulate popular opinion to support otherwise questionable aims.” (Grant, 2013) The first conclusions we came to was none of us knew that data usage could be bad for the environment and that many companies can claim they use less data....
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...Preventing Security Breaches: Collaborative Summary Jasmine Crosby BIS/221 March 26, 2015 Mr. Kelvin Sigler Preventing Security Breaches: Collaborative Summary Within Week 2 we had to discuss an article on Preventing Security Breaches. The article of discussion was “Confronting the Emerging Threat”. Out of this article was listed several ways companies could use to prevent security breaching within their company. One major preventive measure that was interesting in the article is that companies should prohibit employees on transmitting confidential information via email this prevents outsiders from breaching data within the company. Although it is important to use high security within company email does this really stop encrypted information going out into the wrong hands? It was also stated in this article that companies using database systems that are outside of the company are at a great risk. This great risk for example, is a company my employer uses that host several employees training classes and also the last four of each employee social security number. There was an instance when they had an issue with their server which placed our database at risk of losing thousands of data. The major issue is that their IT department stated to us that they had no backup of all the data that we entered in the system for the past year. If we had not saved all the data we input for the past year we would have had to start from scratch. Therefore it is better to be safe than sorry...
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...The importance of customer service at Enterprise Rent-A-Car Introduction Most people probably think they know what Enterprise Rent-A-Car does. It is in the car rental business and operates a fleet of more than 850,000 vehicles. However, Enterprise Rent-A-Car has quite a different idea of what its business is all about. In Enterprise’s view, the business it is involved in is customer satisfaction. This is a characteristic that it shares in common with every successful service company, large or small. A service business is one that meets customer needs by providing them with a valued service. As individuals, all of us use services – having our hair cut, going to the cinema, drawing money out of our bank account and many other activities. Businesses also use services such as transport, insurance, and financial services. Enterprise Rent-A-Car is the number one rental car company in North America and arguably, the world. CURRICULUM TOPICS • Marketing and the business environment • Customer satisfaction • Evaluating customer service • Market research and development GLOSSARY Service: any way of providing benefits to a customer that doesn’t involve the exchange of a tangible good. Forbes: an American business and financial magazine. It produces lists of the biggest and most important companies in Britain, America and elsewhere. Private companies: companies that are owned by shareholders. These shares are not available for purchase by the general public. Revenue: the total value...
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...International Journal of Production Research Vol. 48, No. 17, 1 September 2010, 5137–5155 Supply chain performance measurement: a literature review Goknur Arzu Akyuz* and Turan Erman Erkan Department of Industrial Engineering, Atilim University, Kizilcasar Mahallesi, 06836 Incek Go¨lbasi, Ankara, Turkey (Received 19 February 2009; final version received 2 June 2009) This paper is intended to provide a critical literature review on supply chain performance measurement. The study aims at revealing the basic research methodologies/approaches followed, problem areas and requirements for the performance management of the new supply chain era. The review study covers articles coming from major journals related with the topic, including a taxonomy study and detailed investigation as to the methodologies, approaches and findings of these works. The methodology followed during the conduct of this research includes starting with a broad base of articles lying at the intersection of supply chain, information technology (IT), performance measurement and business process management topics and then screening the list to have a focus on supply chain performance measurement. Findings reveal that performance measurement in the new supply era is still an open area of research. Further need of research is identified regarding framework development, empirical cross-industry research and adoption of performance measurement systems for the requirements of the new era, to include...
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...Small and Medium Size Enterprises (SME’s) are the driving force for the promotion of a Caribbean. Due to its significance, all of the Caribbean countries either developed or developing are concentrating on the development of SME’s. It is an important fact that encouraging entrepreneurship through (SME’s) is a key to improve competitiveness, boost trade volume, fostering economic activities and creation of job opportunities. Small enterprises are considered as main driver for innovation, poverty reduction, employment generation and social integration. Due to innovation in SME sector, the production capacity may amplify which has significant impact for the promotion of economic and social development in the Caribbean. In the Caribbean, although there has been a long history of entrepreneurship spirit, the SME development was slow and limited to the few sectors that were available. It was only in the early eighties where some diversification took place with the start of the tourism development. Since then, Tourism has become the main economic activity of many countries and destinations in the region. Two decades later, all related SME developments in the hospitality, the light manufacturing, agro-processing and the service sectors seems to be insufficient to give us a competitive edge in keeping up with the world’s economic and social developments. One thing everybody agrees on is that, regardless the size or the nature of any economy, no effective Globalization is possible without...
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...Measuring the Effectiveness of Compliance Programs Pradeep Parakh, Mumbai, India Why to have a Compliance Plan • Heightened scrutiny by regulators • Avoid problems before they occur • Improved effectiveness of organization The Importance of Compliance • Compliance provides stability in revenue • Compliance uncovers inadvertent errors which can be corrected before they create huge problems for the entity • Compliance allows continued service to consumers because paybacks and penalties can impact the delivery of future services • Compliance leads to a better relationship with regulators and those who have dealings with the entity Compliance Programs Must Have Substance • As evident by recent legislation, the focus of regulators is shifting from a focus on the presence of a compliance program to evidence that demonstrates the effectiveness of the compliance program • Regulators asks question such as – “Can you prove that your compliance program works?” Elements of Effective Compliance Plan • Written policies and procedures • Compliance Officer • Training and education . . . including . . .governing body members • Communication lines to the Compliance Officer • Disciplinary policies • Internal audits and, as appropriate, external audits • Response and investigation Types of Compliance Programs People Measure • • • • • • • • Security compliance Regulatory compliance Listing compliance Environmental compliance Safety compliance Quality control compliance Privacy compliance...
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...NATIONAL UNIVERSITY Syllabus Department of Management Detailed Syllabus Second Year Four-Year B.B.A. (Honours) Course Effective from the Session : 2009–2010 National University Syllabus for 4 years B. B. A. Honours Course Subject : Management Second Year (Honours) |Subject Code |Subject Title |Marks |Credit | | |Business Communication and Report Writing (In English) |100 |4 | | |Computer and Information Technology |100 |4 | | |Taxation in Bangladesh |100 |4 | | |Business Statistics (In English) |100 |4 | | |Macro Economics |100 |4 | | |Human Resource Management |100 |4 | | |Viva-Voce |100 |4 | | |Total = ...
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...Most of the manufacturing companies rely on ERP software to manage the entire range of business activities from CRM, manufacturing inventory and processes, accounting software, manufacturing planning, purchasing, quality, and more. For implementing ERP in any manufacturing industry the research objectives revolve around the following parameters(Mainly cost and quality measurement) * To identify whether there is significant difference in performance measures like cost and quality in industries with well defined IT system and industries with not such well defined IT systems with respect to the manufacturing sector. * To identify various constructs for measurement of performance and factors influencing the performance. * To find importance of project management to achieve cost and Quality Measures. CHALLENGES Since ERP implementation affects entire organizations such as process, people, and culture, there are a number of challenges...
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...operations has its roots back to the late 19th and early 20th centuries with ideas espoused by Frederick W. Taylor, the father of applying scientific methods to running business. His ideas for time and motion studies of operations were successfully used to scientifically manage production lines and warehouse operations. These ideas, however, led to exaggerated business processes that transitioned into “running a business by the stopwatch” with employers treating human employees as if they were highly reliable, predictable machines to be monitored and controlled. Over time, the workplace’s view of performance measurement became more humane and these exaggerated types of monitor and control methods fell out of favor, replaced by a focus on measuring a business’ performance rather than that of the individual. Throughout the last decade, companies have expended significant amounts of time and effort to re-engineer their supply chains through business process change and technology focused on implementing integrated Supply Chain Management (SCM) principles....
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...40K Globe Report In January 2016, I was selected as part of a team to travel to Bangalore, India and work on a social impact project. These projects involved us living in the village of Maralakunte, just north and on the outskirts of Bangalore. The way these impact projects are designed is that each team is given a social aspect that their project revolves around. These aspects include education, employment, food, water, agriculture, energy etc. These projects that we are given also don’t just start and finish with our team. They are a continuous process that teams must handover to another team to continue. Because of this, a 5 stage impact process was designed. This details out the stages of a projects life and the role in the project in each of those stages. Depending on where the project is in its life determines what stage a team will begin their month from. The stages of the impact process are needs analysis, deep dive (solution sets), ideate, prototype and iterate, and finally roll out. Needs analysis involves the team running surveys in their village to determine the main issues in that village that need fixing. The project then moves onto deep dive where the team focuses on the issue that is most important and relevant and brainstorms possible solution sets for this issue. Ideate then involves building new and innovating business models using these solution sets. These models must be able to function as a viable business and also solve the identified need...
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...Asset management has an impact on different aspects of a business, including partnerships, projects, development, strategy, marketing, sales, engineering, IT, communications, resource planning, configuration management, training, field support and others as well. Knowledge gained during the design, development and production phases of the assets can be used to generate value for the business during the entire life-time of assets. Importance of Resource Sharing and Alignment in Asset Management: IT Asset Management can be a tricky subject as it requires multiple groups to work in close co-ordination along with resource sharing to produce mutual value. Executive support is an integral part of an ITAM program. It cannot be successful in isolation. For instance: IT companies like TCS are focusing on resource sharing to cut off expenditure on infrastructure and license based usage offering a good ITAM solution. Asset Management is not only about...
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...Memo To: Senior Management From: Portfolio Management Team Date: September 27, 2011 Re: SBU Proposal Industry Background Ford Motors Corporation was started by Henry Ford. Born in Wayne County, Michigan, in an area that later became Dearborn, on July 30, 1863, Henry Ford was the oldest of six children. In April 1888, Ford married Clara Bryant, a local girl and the foster child of—like Henry—Irish immigrant farmers. In 1893, his only child, Edsel, was born. Success soon came to him as he took a position in 1891 as an engineer at the Edison Illuminating Company and fairly quickly climbed the ranks. With his love for the outdoors and rural values, Ford might have easily remained in agriculture but something even stronger pulled at Ford’s imagination: mechanics, machinery, and understanding how things worked and what new possibilities lay in store. In the 1980’s, he focused particularly on internal combustion engines. Henry Ford called his first vehicle the Quadricycle. It attracted enough financial backing for Ford to leave his engineer position at Edison Illuminating and helped found the Detroit Automobile Company in 1899. The company faltered for a variety of reasons, and in 1901 Ford left to pursue his own work again. Later that year, the Henry Ford Company was born, but Henry Ford himself stayed with it only a few months. He left in early 1902 to devote more time to refining his vehicles. Ford recognized that with the right techniques, cars could be made affordable...
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