management control system targets. Therefore, conventional management control systems focus on getting better operational efficiency. But as operational efficiency is no longer adequate to create sustainable competitive advantages, management control systems must be expanded to managerial practices that cultivate employee cooperation and creativeness in the discovery and development of new business opportunities. This is especially the case in the high-tech industries that are at the faced with
Words: 4444 - Pages: 18
Purchasing & Supply Management Jargon Buster from The Chartered Institute of Purchasing & Supply P&SM Jargon Buster V1 Introduction As with many other professions in the business world the Purchasing & Supply Management (P&SM) profession is no different. It suffers from the use of jargon and acronyms that may be difficult to interpret and understand. The objective of this document is to define some of the acronyms commonly used and clarify the Jargon. Clearly this product cannot take account
Words: 9187 - Pages: 37
MACRO FACTORS AFFECTING BUSINESS ENVIRONMENT SUBMITTED BY: AAYUSH VERMA INTRODUCTION A business firm is an open system. It gets resources from the environment and supplies its goods and services to the environment. There are different levels of environmental forces. Some are close and internal forces whereas others are external forces. External forces may be related to national level, regional level or international level. These environmental forces provide opportunities or threats to the
Words: 8288 - Pages: 34
M Assess relationship between a financial system or function and other systems or functions in an organization Finance plays a key role in the functioning of any organisation because a steady flow of funds is required to make planned expenditure for delivering products and services and the sale of these products and services generates the necessary funds to make a profit. Any activity undertaken by any of the other departments without proper financial consideration can have a detrimental
Words: 5242 - Pages: 21
HRM IN VIRTUAL ORGANISATIONS | | INDEX Sr. No | Contents | Page No. | 1 | Introduction | 2 | 2 | Need for Virtual Organisations | 3 | 3 | Distinction between Traditional & Virtual Organisations | 4 | 4 | Types of Virtual Organisations | 4 | 5 | Technology in Virtual Organisations | 5 | 6 | Advantages & Disadvantages of Virtual Organisations | 6 | 7 | Issues in Virtual Organisations | 7 | 8 | Best Practises Followed | 10 | 9 | Virtual Organisation at E-Clerx | 10
Words: 3695 - Pages: 15
their needs and expectations”. These may include performance, appearance, availability, delivery, reliability, maintain ability, cost effectiveness and price. It is, therefore, imperative that the organisation knows what these needs and expectations are. In addition, having identified them, the organisation must understand them, and measure its own ability to meet them. Moreover, making quality a priority means putting customer needs first. It means meeting and exceeding customer expectations by involving
Words: 1357 - Pages: 6
STUDY MANUAL INFORMATION MANAGEMENT SYSTEMS CODE: BIS - 3315 TABLE OF CONTENTS CHAPTER PAGE NUMBER 1. WHY INFORMATION SYSTEMS………………………………………….6 2. Strategic role of information systems…………………..21 3. Information systems in organizations…………………..26 4. Computer and information processing…………………42 5. Managing data resources………………………………………..60 6. Networking and information systems…………………..81 7. Systems development…………………………………………………90
Words: 43854 - Pages: 176
Definition of 'Accounting Information System - AIS'The collection, storage and processing of financial and accounting data that is used by decision makers. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources. The resulting statistical reports can be used internally by management or externally by other interested parties including investors, creditors and tax authorities. | Answer:There are various
Words: 8418 - Pages: 34
providing training, planning personnel needs, managing wages and salaries, evaluating performance, resolving disputes etc. “Human Resource Management (HRM) is the function within an organization that focuses on recruitment, management and providing direction for the people who work in the organization. HRM is the organizational function that deals with issues related to people such as compensation, hiring, performance management, organization development, safety, wellness, benefits, employee motivation
Words: 2335 - Pages: 10
Question 1(a) “Cooperatives and other forms of organizations are established to serve the public”. In view of this statement, explain their notable similarities and differences. The International Labour Organisation defines cooperatives thus; A “Cooperative is an association of person usually of limited means, who have voluntarily joined together to achieve a common economic, end through the formation of a democratically controlled business organisation, make equitable contribution to the capital
Words: 3748 - Pages: 15
