To overcome this risk, the firm communication capability has to be enhanced to ensure that the CIO can communicate effectively with the business manager to make sure that the senior managers comes to terms with him on the changes he is about to undertake and also present further the value added of that changes to the firm thereby to ensure that the changes are aligned to the business goals of cost effectiveness and will further enhance the efficiency of the organization IT which in future will generate more return on their
Having a recently updated Customer Information System (CIS) allows company to build the kind of customer relationships needed to maintain and thrive in today’s ever competitive marketplace. The right CIS can do wonders for utility company and make it easier for Enbridge Company to: Track Customer Information Manage Customer Relationships Generate
RODUCTION Achieving a competitive advantage position and enhancing firm performance relative to their competitors are the main objectives that business organizations in particular should strive to attain. A well designed organizational strategic plan and strategic human capital plan is essential. Raduan C. et al (2009) contends that Strategic planning helps determine the direction and scope of an organisation over the long term, matching its resources to its changing environment and, in particular, its markets, customers and clients, so as to meet stakeholder expectations (Johnson and Scholes, 1993). The business environment is constantly changing and being associated with
Consideration of the CSR strategy in evaluating how the company’s innovative technology can result in an increase of its products and the reduction of its damage to its environment as well as the costs. 3. Investigating the manner in which the organization achieves a competitive advantage for its business while using the CSR. 4. Investigating to find out how the company deals with the social responsibilities.
In order to obtain better results KPIs should be linked with measurable organizational process improvement instead of linking with companies’ financial performance. The human resource managers need to ensure that KPIs reflect the executive team, business unit team, and the support service team in organizations. Setting up benchmarks in companies is essential in order to implement right KPIs system as it plays crucial role in informing the teams’ improvement goals to the other team members as well as focusing on companies’ products, business practices and processes. Selecting both predictive and lagging indicators and using deliberate structures from well-designed balanced scorecards are best approach for applying KPIs in order to determine and develop team’s strategy. Implementation of pilot testing for KPI is necessary to ensure that companies apply appropriate KPIs system that user-friendly and convenience as well as to deliver high value for effective performance
Some of the challenges faced by the Agile teams are : Welcoming the new processes / procedures. The solution is to corporate in order to overcome the immediate challenge, then work together so as to form the new processes that meet everyone
The competition between businesses will ensure better quality of their goods and service they provide. Competition is well known for providing great productivity which leaders to a growth in the economy. Not only can competition improve the quality of work, it can also improve innovation. Innovation is an important quality to have in a company because it aids in keeping products and services fresh. “Economic Influence on Marketing” claims, “To keep current, your business has to adapt to changes in the industry and must always keep its eye out for innovative, cutting-edge technology and product improvements” (Bradley).
Data grant us the opportunity to plan ahead future behavior of the market which is crucial to create strong customer lifetime value models as well as achieve marketing effectiveness. In addition, Digital Marketing provides valuable sources of data and customer insights that can be used in real time. Technology We believe that technology is a trigger rather than a solution. It is a tool that will allow us to enhance our activities in the department. We must be however comfortable and up to date while using technology to extract their full potential.
These particular rules and regulations can have a positive impact on a firm in regards to their business model. In the end, if those particular functions (rules and regulations) are accepted, then the firm can focus on improving its business model through innovation and differentiation. This concept of understanding competitors, allows firms to incorporate successful business models through the development of innovation and adoption, which helps in establishing that successful business model in order to derive towards a competitive advantage. In order to drive towards this competitive advantage, firms look at incorporating that differentiation factor and implementing those best practices undefined by its competitors, which in turn derives procedures that create value for the consumer and helps increase firm
Change in organisations covers a vast field of business activity, generally aimed at improving performance and productivity through growth, innovation and skills development; through shifts in assets, resources or market shares, or a combination of more changes. HR managers can look to bring about change in the organizational structure by Lewin’s three steps of organizational change: unfreeze, change, and refreeze. Unfreezing is related to creating willingness and motivation for change through anticipating the future and analyzing the possibilities of change, change means seeing things differently and acting to move toward a more desired state, and refreezing establishes new ways to affirm the change and secure the new desired
Question 2 Advances in technology drive a great amount of the change that occurs in business organizations. The competitive advantage in today 's business environment includes staying on top of technological advancements that impact your industry. Business strategies that include acquiring new technologies should be guided by best practices that consider the impact on the firm, customers, employees, vendors and other stakeholders. Dream Destinations has too many odds against them in such a competitive market and so technological changes must be implemented if they wish to satisfy their shareholders. Dream Destination goals must be revisited.