Big data is an upcoming and emerging trend in the field of Information technology. Big Data refers to the massive amounts of structured and unstructured data that is collected over time from various internal as well as external sources. Enterprises are facing challenges in integrating these new and different types of data and also turning this data into meaningful information. The data is growing at a tremendous rate due to increase in connectedness of machines and people. Analyzing this data to extract sensible and meaningful insights is a big challenging task; integrating and optimizing this data, storing, organizing and analyzing is a challenge.
ERP might likewise incorporate application modules for the fund, bookkeeping and HR parts of a business. SAP and Oracle are the two ERP driving merchants. As execution of ERP changes the way individuals work, top administration must be proactive in clarifying the purposes behind, and how the association in general will profit by the usage. A legitimate change administration activity can bring down the potential danger of an ERP usage, through a far reaching correspondence and preparing procedure. To harvest the full advantages of ERP, associations need to join forces with able, demonstrated administration suppliers, with the specialized and useful experience and aptitude to guarantee effective usage.
The more challenging environment requires new solutions to match changing business setup and strategies. Here a company requires corporate finance advice. Corporate finance teams contributes in the well being of company by assisting company managers to take the right financing decisions in order to maximize the shareholder
In the following essay I submit that the role of a management consultant within an organisation is a necessary one. I will illustrate how through a given set of skills, methods and models why management consulting can be of significant use to companies. I will also look at how modern globalisation issues have had a key role to play in management consulting practice. I will argue however is one that must address the ethics and safeguards that must implemented to maintain a required standard. I will address how management consultants need not be fundamentally concerned with the idea of extending contracts in the pursuit of extra fees and should have an eye towards Organisational Development through organisational learning.
This paper discusses the importance of applying key performance indicators (KPIs) for performance evaluation and how this affects teamwork in an organization. KPIs are techniques that used for evaluate employees’ performance based on their characters, deeds, and results that they achieve. KPIs are applicable in sales and marketing, supply chain management, public administration, customer relationship management and many more. The major purposes of using KPIs in performance evaluations are to reduce cost, to increase customer satisfaction, and to enhance process as well as company revenue. KPIs differ between commerce and business structures.
Introduction To develop a data warehouse, business requirement is one of the main factors. Business users like executive managers, business analysts require information for business decision and analysis purpose. To analyse or measure a particular fact, business dimensions are required. Suppose to analyse sales of a company, time, product, location, customer demographics are required. Time, product, location, customer demographics are called business dimensions.
Corporate Social Responsibility (CSR) has gained its importance as an essential activity for corporate nationally and internationally. It has become a matter of utmost importance for diverse groups demanding change in the business orientation. From 1980 to 2000, corporations recognized and started accepting a responsibility towards society. CSR implies some sort of commitment, through corporate policies and action. This operational view of CSR is reflected in a firm's social performance, which can be assessed by how a firm manages its societal relationships, its social impact and the outcomes of its CSR policies and actions.12 The term ‘corporate social performance’ was first coined by Sethi (1975), expanded by Carroll (1979), and then refined
Provide economic observations to support, justify and optimize existing and future producing tasks and ensure recommended projects meet or pass corporate investment criteria. Identify and fix uncertainty and risk in project proposals. Also some Engineers get their job by looking online or by applying to a company.
However, in a bid to ensure effective and up-to-date evaluation of the companies performance, stability, liquidity solvency, profitability and also to paint a picture to aid better understanding of the companies financial concepts, position and performance, financial statistics and data were collected from the companies published reports, financial statements, credit and investment advisory services. Also, a comprehensive analysis of the organization's overall performance was identified using a combination of profitability ratio, liquidity ratio, performance efficiency ratio, Debt and debt leverage ratio and service marketability
The success of any business in the field is determined by the frequent decisions made not only by the managers at top levels but also managers of significant projects. Decisions in business are closely affected by risks involved in the implementation of strategic business goals and general future plans. Therefore managers need to spend more time in the decision-making process so that the possible outcomes in future are successful. In business a good decision is recognized when the idea achieves two objectives, one being the desirability of each outcome delivered and secondly likelihood of the choices made in generating different outcomes. Generally, good decisions require good judgment as well as greater prediction of final outcomes.