Business Requirement Document Executive SummaryProject Overview The project is on upgrading the software system used in an organization. Different organizations have adopted the use of Enterprise Resource Planning (ERP) in the operations of their value chain. These projects seek to develop and upgrade the software systems used in business and organizational settings so that they can increase efficiency in their operations. The upgraded system will be designed to bring more efficiency by enhancing new features that were not available in the old systems. The new system upgrade will have more enhanced security features that enable an organization to protect its valuable information and attack from cybercriminals Product Description Product Context an upgrade is intended to run concurrently with other products. The system developed is supposed to work with MS Windows 10 operating system and also work simultaneously with other data analytic systems. The system is integrated too with accounting software, which will enable it to do accounting tasks such as cost valuation, bookkeeping, and data entry. The context and flow of data show that the processes, external entities, data stores,…
effect of CSR and business ethics on an organization’s performance Business ethics and corporate social responsibilities are two related subjects that explain how businesses should act ethically and the responsibilities they have to the societies in which they exist. A business is started with the aim of making profit, but in the location where its premises are, the business has a role to play in ensuring that it maintains a good public image since this brings about benefits to the company. This brings out the corporate social responsibility of an organization. The benefits are many, and customers, employees, and investors bring them about. According to Michaels and Gruning (2018), having the development of up to date society and economy, corporate social responsibility has turned out to be a progressively crucial topic. The company should be not only responsible for the profit of shareholders and consumers, but also take social authority. The responsibility that a company is supposed to have to its stakeholders such as the environment, consumers, as well as the community when attaining profits is known as Corporate Social…
Marketing myopia Marketing entails the study and the appropriate management of the interconnection of exchanges. It is thus the business procedures whereby relationships are created alongside the satisfied customers. It thus facilitates for goods and services to move from the concept form to the customer in a comfortable and definite manner. The marketing process entails the four crucial stages for the successful outlay. There is the need to identify, select, and develop the product appropriately; the price is then determined concerning the market forces. Price determination is the perquisite of the identification and selection of the distribution channel that will enable the marketing agency to reach the customers’ location alongside the goods and services on sale (Baker, 2016). The last stage of the marketing process is the development and implementation of the promotional strategy to be incorporated into the marketing process for easy deliverance of the goods and services to the customers. Marketing is focused on the rationale that the business associates with the customer needs and the satisfaction of the customers. Marketing is fundamentally different from selling as the…
The blockchain industry and the Matthew effect The blockchain industry still considers the Matthew effect. Due to the homogeneity of the functional and application fields of the smart contract platform, it would further promote the competition trend of “the strong and the strong”. When compared with Bitcoin and other similar smart contract platforms, ETH is by the market. In other ETH applications, it naturally stranded because of the capital turnover in commercial activities. The rapid evolution of Ethereum technology and the proliferation of consensus have prompted investors to lock positions, thereby reducing market circulation actively. In the rapid evolution driven by open source, Ethereum would form a complete suppression of a large number of similar platforms and continue to grow through the “siphon effect”. The two ideas of Linux and Blockchain gave birth to a new technology combining the strengths of two ideas-blockchain in the early 21st century. They produced the first successful example of blockchain applications: encrypted digital currencies represented by Bitcoin and Ethereum. Bitcoin considered being the first successful encrypted digital currency,…
British Airways, its business strategy, HR strategy and practices, analyses the extent to which the company’s current HR policies and practices support its business strategy Human resources are a critical asset in any given organization that contributes to the achievement of greater productivity, success, and competitive advantage of a business. Most importantly, human resources play a vital role in enabling and helping a company achieve its business strategy through strategic human resource management, which involves aligning of the right human resource personnel in the correct job positions to achieve the strategic goals of the firm as outlined (Wilkinson et al., 2019). Owing to their vital significance, managing human resources becomes important for any given enterprise. Here, managing human resources is perceived as the process of planning, developing, and utilizing labor forces in the workplace so as to achieve better outcome/output towards the achievement of set performance goals (Redman and Wilkinson, 2006). In this respect, the human resource department is tasked with the responsibility of designing and executing the HR strategy, which comprises a range of HR practices whose primary aim…
How to Build and Implement an Appropriate OH&S Management System Introduction Occupation safety and health management system is the most crucial part of the organization in managing the risks that occur at the workplace in different industries, such as the construction industry. The construction industry is often regarded as a place with many prevalent risks such as slips and falls, collapse of the buildings under construction, fire due to electrical faults and bullying of worker The OH&S system handle the aspects of providing a safe working environment to the worker and formulation of the safety and health policies in an organization. Besides, the network plans the processes of preventing accidents and other risks in the organization. OH&S system also put in place the best practices, resources and procedures of establishing, executing, monitoring, auditing and maintenance of the occupation health and safety in an organization. This paper aims to discuss the critical factors essential for successful implementing of OH&S management system, the importance of ISO 31000:2018of implementing an OH&S management system based on plan-do-check-act (PDCA). Besides, the paper will describe the…
Trends of SEO and digital marketing in 2020 Digital marketing trends are evolving every year. In 2020 also, we are going to see something new. Thus, we always have to stay updated on the emerging trends and technologies. The market analysts and other researchers have started working on how innovations would transform the world of digital media. Artificial Intelligence is one of the technologies, changing the way of interacting with online content. For instance, lots of online marketers have started relying on Amazon Search Optimization. We are going to introduce you to other trends, related to SEO and digital marketing. Revealing the business stories with the live videos– Nowadays, due to the increasing use of YouTube and Facebook, the live content has turned out to be very popular. With a live video, posted on the right platform, you can gain a high level of online traffic. Live streaming video content is one of the effective options, as it takes a minimal time for producing the result. A real-time engagement of the viewers and potential customers becomes easy by posting a…
How will the Finance industry benefited by Blockchain Technology in 2020 Blockchain is a growing technology, and when we talk about its impact, it has propagated across different sectors. Although we are witnessing its growing importance in all the business sectors, it is the financial sector where maximum impact is felt and why not? Afterall, Blockchain is the underlying technology for Bitcoin, that led to the digitization of financial transaction. In this blog, we will be exploring different ways in which Blockchain technology has impacted the financial industry. As per the reports of, 77 % of financial institutions are expected to implement Blockchain Technology by 2020. But before that, we must understand what the current challenges which the finance sector is currently facing are. Current challenges of the finance industry: Despite digitization and use of modern technologies,the finance sector is facing certain issues which have paved the way for the proliferation of the blockchain technology in this field. A few of them are : Lack of transparency Involvement of the third party Cost Time-consuming processes…
EFFECTS OF CYBER CRIME ON SOCIAL MEDIA Social media has evolved since the rise of the internet age. Various social media platforms such as Facebook, Telegram, Twitter have risen and changed our perspective on the ways we consume the internet. These platforms have revolutionized our day to day activities in both office and home to a degree where we can no longer doubt its benefits. However, every good thing comes along with its challenges. Cybercrime is one of the major challenges broadly affecting this industry.This research paper will focus on effects of cybercrime on social media. Data theft is one the category of cybercrime that impacts the society negatively in many ways. Information copied from business or an individual without his or her awareness. Therefore, leading to the theft of critical information such as passwords of accounts. Once passwords and some other key information is compromised, they might be sold to third party persons or used for malicious purposes. Another cybercrime is data interception. Data interception involves monitoring network traffic to gather information either about the user or what the…
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