In a large business the product is already made. Whereas in a small business there is the opportunity to get with the producer and decide on your own personal product. Lastly the services are unique therefore the consumer is likely to have a more personal connection to the producer.
In small business you know who you are dealing with and it is important to building strong relationship. • responding flexibly to problems and challenges, for example, Small businesses can make a quick decision on whether or not it can do what is
In today’s world technology has proven to behave as the medium through which businesses function. Allowing them to use technology as a competitive advantage by using business information systems (BIS), which is defined as the channel through which people, information technology and businesses are connected. (Gunasekaran, 2013) The significance of business oriented information systems is based on the increased speed of gathering and distributing information. Furthermore, since information is accurate, tailored to specifications and is up-to-date, the process of decision improves and is taken faster. For instance, business information systems are capable of preparing cost estimates and forecasting reports for analysis.
For the big and small business organizations, it has become very much problematic to maintain the balance in each and every department. Burnes (2005, p.875) put forward that with the advancement of technology, the problems are also increasing in the business organization. It has been found that the employees of the business organizations are not enough trained or skilled. So, it becomes very difficult for the employees to perform their best in the organization. There is lack of communications between the different departments.
Business Process Model A Business Process is a set of activities that accomplish a specific task, such as processing a customer’s order. (Baltzan, Lynch & Blakey 2013, p. 169) Business Process Model is a set of technologies and standards for the design, execution, administration, and monitoring of business processes. There are some benefits for using a process model. Firstly, it can improve process communication. To succeed in a business, members of a firm should have a distinct idea of the daily tasks.
Linder and Cantrell (2000)  understand a business model as an organization’s core logic for creating value. Further, they decompose a business model into sub-models that link together, which include Pricing Model, Convenience Model, Commodity-plus Model, Experience Model, Channel Model, Intermediary Model, Trust Model, and Innovation Model. Hamel (2000)  defines a business model as the business concept implemented in practice, which is a radical innovation that can lead to the value creation and the change of the rules governing the industry. Instead of giving the simple lists of business model components, this definition includes a real-life description of business model elements including customer interface, core strategy, strategic resource, and value
It is about extending empowerment beyond employees to include customers and perhaps people with whom the organization has never done business. Information systems has its components that gather, process, store and gives an expected output of information needed to complete a business task. Information system major roles is to support competitive advantage and decision making, support business decision making and support business process and
The basic principles of event processing have been widely used for some time now, in the integration middleware applications and various forms of systems software such as operating systems, network and systems management software. However, the increased value of event processing lies in recognizing the significance of an event from a business context, and identifying the right responses to associate with that event. In turn, this can allow a business to respond quickly to new opportunities and to competitive threats, disseminate relevant information in a timely fashion to the right people, enable active diagnosis of problems, and contribute to creating a real-time view of the general state of the business. Event processing can help businesses
1.0 Introduction (1 page) System is a group of interrelated components working together towards a common goal by accepting input and producing output in an organized transformation process. Information system is an organized transformation process to produce information product from input data. The system has three basic functions which is input, process and output. Input are involves capturing and assembling elements that enter the system to be processed. Process involves that convert into input into output.