ENTERPRISE INFORMATION MANAGEMENT Introduction Information management in enterprises has been the driving factor for organizations in the 21st century. Technological innovations and inventions have seized the information management sector for organizations, purging paper-work and initiating flexible, effective, and efficient systems. The innovation of relational databases gave rise to the creation of sophisticated data storage. The increase in information technology has allowed for the development of multiple information management systems that are designed to perform critical functions in organizational management. Organizational charts have dictated the type of informational systems that are produced by organizations and their relevant tasks. According to Bocij, Greasley, & Hickie (2015 p.220), information systems are designed to accomplish specific organizational functions. These distinctions have resulted in different information systems, including Transaction Processing System (TPS), Management Information System (MIS), Decision Support System (DSS), and Executive Support system (ESS). These I.S. systems are designed to complete operational, tactical management, senior management, and executive management functions, respectively. Also, organizational charts resulted in more sophisticated information systems called the Enterprise Resource Planning systems, which were invented to streamline enterprise management functions.…
process related to the concept of enterprise risk management techniques Introduction The study assignment discusses the process related to the concept of enterprise risk management techniques. The chosen organization is Vodafone that is a UK based telecomm operator here in the study, the basic organizational aims has been discussed based on different relative risk stature. On the other hand there are separate identified opportunities and threats that will also be addressed in this total report. There are certain existing controls that will be created to identify the risk process along with the risk calculators. Moreover what kind of impact does all these risks statures have in the overall operation of Vodafone will also be addressed throughout the report with a suitable conclusion at the end. Discussion Aim of the organization Being a communication technology organization, the company is responsible, for connecting over 625 million people. Hence the organizations of all sizes along with the overall digital society. Hence for certain optimistic purpose about certain new technology and connectivity can enhance the overall future and improve people’s lives. Hence throughout the…
Elon Musk Elon Musk is among the successful entrepreneurs in this modern world, with investments in major industries, including the space industry and the motor industry. Musk was born in 1971 in Pretoria, South Africa and made successful business ventures, including co-founding PayPal (electronic payment firm) and forming Space X (maker of space aircraft and launch vehicles). Musk was also among the first significant investors to delve in the electric car industry by investing and becoming the chief executive officer of Tesla. The aim of this paper is to produce an individual report analyzing the performance and operations of Elon Musk based on his entrepreneurial capabilities, with insights on some of his greatest ventures, including PayPal, Space X, and Tesla. The paper will then assess his performance, make a judgement on his operations, and draw lessons from his entrepreneurial and innovation capabilities. Judging from the assessment, the paper will then determine if they are doing well and recommend improvement areas. Early Life Being born from a South African father and a Canadian mother, Musk was full of…
Benefits of a website for small business Despite the spectacular growth in technology, the number of small businesses without a website is freaking high. websites are essential for the success of an enterprise both online and offline, but as surveys indicate 35-40 of micro-businesses are yet to implement websites Now more than ever, thanks to the advent of mobile devices, consumers are searching for brand information on the web on their own. Bombarding consumers with TV, radio, or billboard adverts only is not enough, because as reports indicate, they are a lot more trusting of businesses with quality websites. 52.5 percent of internet traffic comes from mobile devices; you don’t want to miss on these numbers. There are various websites you can implement to stay ahead of the competition. Types of websites that can help a small business grow Blogs Ecommerce site Services website Why should small businesses invest in a website? Entrepreneurs do not operate in vacuums. You need to be surrounded by suppliers, customers, investors, etc. Communication is, therefore, vital, and that’s why you need to build a…
Use of Social Media in Small Businesses to Ensure Successful Development of Relationship Marketing in the Fashion Industry.
Use of Social Media in Small Businesses to Ensure Successful Development of Relationship Marketing in the Fashion Industry. Introduction Research Topic The fashion industry is a competitive business, therefore being in the industry requires one to be on-trend. However, due to evolution in the industry, many trends are changing, and acquiring new customers is one of the most challenging and expensive tasks. It is evident that earning a possible customer’s attention, making a convincing argument, and lastly, enabling the additional sale can add up to very high expenses when each step is taken into consideration. Thus, the development of relationship marketing is significant, especially in small businesses, to keep up with the stiff competition. Social media platforms have been recognized as the foundation of many fashion house’s marketing strategies. Smart businesses need to identify just how widespread social media exists in their buyer base to keep up with the competition. In 2019, social media users were found to be 3.48 billion, where 7.6 million averaged to active accounts. Moreover, a user uses an average of 142 minutes in a day…
Wal-Mart Company description Wal-Mart is an American company with its headquarters based in Bentonville, Arkansas. It is one of the leading global retailers and the biggest corporations in the whole world. Sam Walton founded in the company in 1962, and as a result of the desire to grow, the company has been able to establish many outlets in the different parts of the world. The company operates globally, and this has been facilities by it being efficient in its operations. The company deals with different products and services such as bakery, meat, electronics and cellular services. Among its competitors is Kmart and due to increased competition, the company has improved on its services. In terms of its organizational structure, it has a hierarchy whereby there are leaders at the top who governs the activities of the company. At the top, there is the CEO, and at the lower levels, there are directors who supervise the employees (“Wal-Mart | History & Facts”, 2020). directives come from the top management while the managers at the middle-level help in their implementation. Wal-Mart is…
China National petroleum corporation Introduction The China National Petroleum Corporation was established in 1988. It is based in Beijing, China. The presidents of the organization are hanging wee, and Jianhua Zang.it is the largest integrated oil gas company. The company owns more than twenty oilfields of overseas onshore oil and natural gas disciplines. The company began trading it partakes on the honking and New York stock exchanges in April 2000(Guo et al. 2018). China National Petroleum Corporation upgrades and distributes oils and gas outputs. The Company researches, upgrades, and markets, kerosene, diesel, chemical light oils, fuel oils, solvent oils, and more. China National Petroleum also offers refueling, oilfield, petroleum apparatus supply, and other services. The PESTEL Analysis This is an implement used to find the key effectors of change in the strategic environment. These tools include economic, social, legal, political, technological, and political factors. Basically, the pestle analysis will discuss the macro environment of the institution. Changes in these principles will lead to a huge impact on the performance of the organization. The pestle analysis provides important information on…
How has social media impacted society? Siddiqui, S., & Singh, T. (2016). Social Media its Impact with Positive and Negative Aspects IJCATR, Volume 5– Issue 2, 71 – 75, 2016 The authors address the impacts of social media on all facets of the community. They state that social media could impact the education, businesses, families, and the behaviors of the youth. According to the article, social media transforms people’s lifestyle by allowing them to connect to the rest of the world regardless of their location. People have become quite engraved in social media platforms like Twitter and Facebook, making it easy to access information as well as build relationships. This favors businesses because they are able to advertise and achieve a larger customer base. Students can also learn online, making long distance learning available. However, social media have a negative impact on society. There is no control of how social media is used, are some malicious people use it to tarnish names of businesses. The young people tend to copy a lifestyle that is not appropriate. Too much time…
Plans that the manager of KnitMedia should develop Establish a strategic vision; the entire organization can only be committed to a particular strategy by the general manager. The manager should, therefore, commit himself to formations of the procedure and make the best efforts to make sure they become functioning. The KnitMedia should be envisioned to its business so that they can develop tremendously when they have new jobs. Concentrating the resources; in the business world, there exists a lot of competitive strategies, when the funds are concentrated, the company shall be maintained in an economically healthy status and checked to make sure that the trend of production of high returns is maintained. When more resources are concentrated on a situation, more opportunities are availed for gaining an upper competitive edge or improve on the existing one. Maintaining high performance; it is a prudent move if talented managers are attracted to a business organization. The organization should make sure that if it develops such managers, it should be done quickly, and they should be maintained developed and maintained challenged. It is…
Overview of Behavioral Healthcare Industry in the United States According to Cummings (2016), behavioral healthcare is the study of a person’s emotions and behaviors that are about his/her mental well being and also the ability to function in their day to day activities and their everyday lives. Behavioral healthcare is mostly administered to persons with common mental illnesses or drugs and substance abuse issues. It is usually a combination of counseling and medical treatment from relevant personnel (Crowley & Kirschner, 2015). Behavioral healthcare and therapy are mostly used to treat the following depression, anxiety, panic, disorders, and at times anger. It is also used to treat conditions and medical complications, post-traumatic stress disorder, bipolar disorders, obsessive-compulsive disorders, and substance abuse (Robichaud, 2019). According to data collected in 2011 indicated that more than forty-one million in the United States adults had a mental illness, and almost twenty million had a substance use disorder. Forty-one million U.S adults equal to 18% of the total population and 20 million equivalent to 8% of the total population. Data collected in the year 2001 and…