...o acquire it from an external supplier (buy). This decision is crucial, as it can significantly impact a company's cost structure, efficiency, and overal
...e costs and benefits of making a product or service in-house or purchasing it from an external source, businesses can make better-informed decisions abou
8 KB (1,051 words) - 15:55, 9 March 2024
...ent (known as resource capacity management in ITIL version2).<ref>Capacity Management Defition [https://en.wikipedia.org/wiki/Capacity_management Wikipedia]</ref
...ent? [https://advisera.com/20000academy/knowledgebase/three-faces-capacity-management/ Advisera]</ref>''' <br />
10 KB (1,373 words) - 14:03, 23 November 2022
...esentation that helps organizations understand, analyze, and improve their operations.
...e structure and semantics of information within an organization or system. It is particularly useful for designing databases and other information system
4 KB (494 words) - 21:59, 10 March 2024
== What is Cloud Operations? - Definition ==
...tions (CloudOps) [https://wasabi.com/help/glossary-of-terms/cloudops-cloud-operations-definition/ Wasabi]</ref>
12 KB (1,720 words) - 14:26, 26 August 2023
...shared. It aims to improve the efficiency and effectiveness of government operations by promoting interoperability and reducing redundancy through a common fram
...nsure that data is accurate, reliable, and available to support government operations and decision-making processes.
7 KB (996 words) - 16:36, 9 April 2024
...ment operations by standardizing the development and management of federal IT architectures.
...ance Reference Model (PRM)]]: Helps agencies to measure the performance of IT investments and their impact on strategic outcomes.
5 KB (657 words) - 18:36, 2 April 2024
...ol and management of network resources through software-based controllers. It provides a more programmable, flexible, and agile network infrastructure th
...responsible for deciding how network traffic should be routed and managed. It consists of one or more centralized controllers with a global view of the n
5 KB (664 words) - 18:14, 8 March 2024
...nce, a company can choose to use the private cloud for sensitive, critical operations or workloads, while relying on the public cloud for scalable computational
...flexibility and scalability: Businesses can easily scale up or down their operations to meet demand without having to invest in physical infrastructure.
6 KB (879 words) - 13:57, 25 July 2023
.... On the other hand, it can create significant challenges in terms of data management, storage, and analysis.
*Data management: With the increase in the volume of data, organizations must have the right
3 KB (413 words) - 19:50, 5 September 2023
...communication between Java applications running on different hosts, making it an essential component for developing distributed applications in Java.
RMI is essential for Java-based distributed application development, as it simplifies communication between remote Java objects, allowing developers t
4 KB (589 words) - 15:28, 12 March 2024
...velopment, such as requirements management, change management, and quality management.
OSLC is important because it addresses the challenges of integrating and managing diverse software devel
4 KB (533 words) - 18:30, 11 March 2024
...track and document the transformation of raw materials to finished goods. It provides information that helps manufacturing decision makers understand ho
...in purpose of an MES is to ensure effective execution of the manufacturing operations and improve production output.
3 KB (457 words) - 17:19, 18 July 2023
...the oldest programming paradigms, closely mimicking how computers execute operations at the hardware level. In imperative programming, developers write code tha
*State Management: Involves explicitly changing the program's state through assignment statem
6 KB (760 words) - 12:58, 7 April 2024
...retain top talent by offering a potentially valuable long-term incentive. It also aligns the interests of employees with those of shareholders, as emplo
...ention tool and motivates employees to work towards the company's success. It also allows companies to offer competitive compensation packages to attract
4 KB (636 words) - 15:29, 12 March 2024
...hat an organization can continue to operate, or quickly recover and resume operations, in the face of events that could potentially disrupt its business. BCM inv
...an ongoing process that requires regular review and updates to ensure that it remains effective and aligned with the changing needs of the organization.
1 KB (168 words) - 03:55, 2 January 2023
...os, shaping how its members perceive and interact with control mechanisms. It serves as the bedrock upon which all other elements of internal control are
*Ethical Values and Integrity: Management and employees' ethical behavior and integrity play a crucial role in establ
4 KB (599 words) - 20:48, 1 September 2023
...'' is a systematic approach to analyzing and improving business processes. It involves examining data generated by business activities to identify ineffi
...d improve business processes, employing methodologies like Six Sigma, Lean management, or Agile practices.
6 KB (772 words) - 14:42, 25 April 2024
...arency: Providing a transparent view of the company's financial health and operations to stakeholders, including investors, creditors, and regulators.
...valuation: Let stakeholders assess the company's financial performance and management effectiveness over time.
8 KB (1,057 words) - 15:34, 7 March 2024
...l analysis, allowing them to gain a broader understanding of the financial operations of the organization.
*[[Personnel Management]]
3 KB (489 words) - 22:19, 10 March 2024
...essing, transmission, and dissemination within an organization or society. It encompasses the hardware, software, networks, data centers, databases, and
...tabases, enterprise resource planning (ERP) systems, customer relationship management (CRM) software, and other applications.
5 KB (655 words) - 18:51, 10 March 2024
...Performance: <ref>5P's Model Definition [http://old.knoow.net/en/sceconent/management/5_p_model.htm Knoow.Net Encylopedia]</ref>
...[Organizational Effectiveness|organization to be efficient and effective]] it is needed that all five variables are in consonance as a way to mutually su
3 KB (392 words) - 21:38, 8 February 2021
...oncept used to find the average or midpoint of two given values or points. It is often applied in various disciplines, including [[economics]], [[busines
.... This information can be valuable for investment decision-making and risk management.
3 KB (386 words) - 17:08, 11 March 2024
...P) is crucial for organizations to mitigate the impact of attacks on their operations, reputation, and bottom line.
...of an incident to prevent further damage to the organization's assets and operations.
8 KB (1,092 words) - 12:05, 23 March 2024
...all experience. [[Customer]] feedback can be solicited or unsolicited, and it can be collected through a variety of means, such as online reviews, survey
Customer feedback is important for businesses because it can provide valuable insights into how customers perceive the company and i
5 KB (644 words) - 16:15, 27 March 2024
...ically include the use of digital tools and technologies, such as learning management systems, video conferencing software, and online collaboration tools, as we
*[[IT Strategy (Information Technology Strategy)]]
3 KB (391 words) - 13:42, 8 March 2024
...of the relational data model, which is the basis for most modern database management systems (DBMSs). The relational data model was first introduced by Edgar F.
...e traditional relational model and more advanced data modeling techniques. It provides a richer set of constructs for representing complex data relations
4 KB (559 words) - 14:05, 8 March 2024
...ities and access to resources, such as systems, applications, and data. ID Management is a critical component of information security, and helps organizations to
...s, and can improve the efficiency and effectiveness of identity and access management processes.
4 KB (534 words) - 18:43, 10 March 2024
...lation (CC) learning architecture for training artificial neural networks. It was developed by Scott E. Fahlman and Christian Lebiere in 1990. While the
...C allows the network to retain information about previous inputs, enabling it to learn complex temporal patterns and sequences.
4 KB (565 words) - 15:26, 12 March 2024
...a portion of an enterprise, and demonstratse how it can become part of the management infrastructure. <ref>What is Adaptive Enterprise Framework? [http://www.bpt
...of application and information logic into the business architecture where it belongs;
5 KB (650 words) - 15:19, 14 March 2023
...lopment, Operations Management, and to the development of various Business Management Systems.<ref>[http://www.appian.com/about-bpm/definition-of-a-business-proc
...Typical management processes include "corporate governance" and "strategic management".
7 KB (940 words) - 22:37, 4 March 2024
...appraisal. Residual value represents the remaining value of an asset after it has been fully utilized or depreciated over its useful life.
...value of an asset in financial calculations and decision-making processes. It helps in:
4 KB (540 words) - 15:18, 12 March 2024
...of a company and the capital invested by its shareholders and debtholders. It is an indicator of the wealth created by a company for its investors and re
...role in evaluating a company's performance from an investor's perspective. It helps investors determine whether a company is effectively using its capita
4 KB (532 words) - 16:46, 11 March 2024
...ays customized to fit the needs of the engagement.<ref>What is Application Management Services Framework [https://en.wikipedia.org/wiki/Application_Management_Se
Application management services framework (AMSF) is a comprehensive and integrated set of processe
4 KB (483 words) - 22:26, 21 August 2023
...the external macro-environmental factors that can impact an organization's operations and long-term sustainability. The acronym PESTEL stands for Political, Econ
...ic Factors: This dimension covers economic conditions that affect business operations and decision-making. Examples include economic growth rates, interest and i
7 KB (919 words) - 11:26, 26 March 2024
== What is IT Operations Analytics (ITOA)? ==
IT operations analytics involves collecting IT data from different sources, examining that data in a broader context, and
13 KB (1,864 words) - 20:36, 1 December 2022
...roach organizations use to identify, assess, and manage operational risks. It is a proactive tool that involves the self-evaluation of risk exposures and
...ification: Employees identify and document potential risks impacting their operations.
5 KB (679 words) - 21:46, 9 May 2024
...ictionary.com/definition/business-management-system.html Defining Business Management System]</ref>
...n-a-business-management-system/ 5 Reasons you NEED to invest in a Business Management System]</ref><br />
7 KB (1,007 words) - 17:33, 3 January 2023
...ng into account any deductions, such as returns, allowances, or discounts. It is an important top-line figure that indicates a company's overall sales pe
#Top-line figure: Gross Revenue is considered a top-line figure because it is the first item on an income statement, reflecting the company's sales pe
3 KB (397 words) - 19:42, 8 March 2024
...tation of the federal government day-to-day [[Business Operations|business operations]] and activities. The BRM represents the first layer of the [[Federal Enter
...m and its management) is modelled by the IMPPACT Business Reference Model. Management covers both the planning of the production and the planning and control of
7 KB (969 words) - 18:38, 2 April 2024
...rike price, as they can buy the asset at a lower cost and potentially sell it at the higher market price.
#Risk management and speculation: European-style options are used by investors and traders f
3 KB (436 words) - 15:35, 8 March 2024
...achieved through the manipulation of data. Business logic encompasses the operations carried out by an application behind the user interface, from simple data v
*Process Logic: Dictates the sequence of operations in response to certain events or conditions, guiding the flow of processes
9 KB (1,209 words) - 00:11, 28 March 2024
...ons, such as statistical modeling, simulations, and secure communications. It enables the generation of unbiased samples, the study of random phenomena,
...riable is a variable whose value depends on the outcome of a random event. It helps to quantify uncertainty in various fields, such as probability theory
4 KB (583 words) - 15:12, 9 May 2024
...hat focuses on a specific segment or business area within an organization. It aims to define, document, and analyze the structure, processes, information
*'''Align IT with Business Objectives:''' Ensure that the technology infrastructure and
7 KB (861 words) - 02:38, 19 April 2023
...of command and control can also apply to other contexts, such as business management, emergency response, and technology systems.
...crucial for the efficient functioning and coordination of military forces. It involves the following elements:
4 KB (648 words) - 19:51, 30 August 2023
...ustomer demands, market conditions, and emerging opportunities or threats. It involves the capacity to quickly reconfigure resources, processes, and syst
*'''Efficiency:''' Agile organizations can continuously optimize their operations, reducing waste and improving resource utilization, leading to increased ef
4 KB (561 words) - 00:57, 8 April 2023
...methods to be followed within an organization or for a specific operation. It is a reference guide to ensure consistency, compliance, and efficiency in e
...ccessible guidelines for conducting business operations or specific tasks. It is designed to:
6 KB (780 words) - 22:31, 15 May 2024
...ing of the specific market, sector, or niche in which a business operates. It encompasses a wide range of information, including market trends, customer
...avoid legal issues, and anticipate potential changes that may impact their operations.
4 KB (459 words) - 18:49, 10 March 2024
...gy for translating customer requirements into product or service features. It fosters cross-functional collaboration, improves customer satisfaction, and
*[[IT Strategy (Information Technology Strategy)]]
5 KB (612 words) - 15:23, 12 March 2024
...onceptual structure for the identification of general business functions". It can show the critical business processes in the context of the business are
*Feed back what has been modelled to the business to ensure that it is correct.
6 KB (860 words) - 22:29, 27 March 2024
...n organization, product, service, or initiative has on society as a whole. It encompasses the broader benefits beyond the immediate stakeholders, such as
*'''Environmental Impact:''' The environmental impact of an organization's operations, products, or services is a critical component of societal value. This incl
3 KB (453 words) - 21:06, 14 April 2023
...commonly used in industries such as finance, healthcare, and supply chain management, where data accuracy and consistency are critical.
*'''Data Standardization:''' Standardize the data by converting it into a common format, structure, or unit of measurement. This can involve d
4 KB (517 words) - 18:01, 13 April 2023
== What is the Workflow Management Coalition (WfMC)? ==
...e in promoting standards, best practices, and research related to workflow management.
4 KB (522 words) - 11:41, 16 July 2023
...to purchase a diversified portfolio of stocks, bonds, or other securities. It is managed by a professional investment manager, who makes decisions on the
*'''Professional management:''' Mutual funds are managed by professional investment managers who use th
4 KB (597 words) - 17:33, 11 March 2024
...rtfolio rationalization is a portfolio-based approach to the governance or management of an organization's projects. The objective is to maximize returns by opti
*A portfolio-based approach is believed to generate higher returns because it recognizes that together one set or configuration or portfolio of projects
4 KB (630 words) - 21:59, 19 December 2022
...ack or need. Expert power is often considered a form of informal power, as it is not necessarily tied to a person's position or authority within an organ
In the context of leadership and management, expert power can be a valuable asset. When a leader is recognized for thei
3 KB (501 words) - 15:38, 8 March 2024
...business management. Since then, incentives have become a key component of management theory and practice, and have been widely adopted by businesses in a variet
...er, be more productive, and achieve their goals more effectively. However, it is important to ensure that incentives are aligned with organizational goal
3 KB (366 words) - 18:45, 10 March 2024
...needed to operate a business or other type of firm. The elements of supply management contain the actual materials/components, budgets, information, and employee
...cting, while that of goods is called purchasing or procurement. The supply management function of an organization is responsible for various aspects of these acq
9 KB (1,307 words) - 18:36, 30 August 2023
...cies, procedures, and mechanisms an organization implements to ensure that management's directives to mitigate risks to achieving objectives are carried out. The
...ting Operational Efficiency: Improving the efficiency and effectiveness of operations by ensuring that resources are used appropriately.
6 KB (742 words) - 16:45, 8 May 2024
...c measures to minimize or eliminate unacceptable risks associated with its operations. Risk mitigation measures can be directed towards reducing the severity of
== Types of Risk Mitigation<ref>[https://www.mha-it.com/2013/05/17/four-types-of-risk-mitigation/ What are the The Four Types o
6 KB (811 words) - 17:52, 13 April 2023
...tation, and mining. OT systems are distinct from [[Information Technology (IT)]] systems, which mainly focus on the storage, retrieval, processing, and t
...is to ensure the smooth functioning, efficiency, and safety of industrial operations. OT systems enable the automation of complex processes, allowing organizati
4 KB (526 words) - 20:57, 23 June 2023
...er's experience remains smooth and uninterrupted by maintenance or routine operations.
*Resource Management: They help in managing system resources efficiently by performing heavy or
6 KB (831 words) - 16:39, 23 April 2024
...ns on data to convert it from raw form into a more valuable format, making it organized and accessible for users or systems to make decisions, perform ac
*Processing: Applying computational or logical operations to transform the input data. This could involve calculations, statistical a
6 KB (857 words) - 22:28, 7 April 2024
...data sets or records to ensure their accuracy, consistency, and alignment. It involves identifying and resolving discrepancies or differences between the
...in various domains, including finance, accounting, banking, and inventory management.
6 KB (745 words) - 15:25, 12 March 2024
...ge, monitor, and reduce the energy consumption of their IT infrastructure. It was introduced in 2009 as part of Cisco's commitment to environmental susta
...ergy consumption and costs while minimizing the environmental impact of IT operations. To achieve this, EnergyWise provides the following features and capabiliti
2 KB (314 words) - 17:50, 11 April 2023
...rance industry to provide guidance on the development, implementation, and management of insurance applications and technology systems. The primary goal of IAA i
...siness processes, organizational structure, and overall business strategy. It helps identify the key capabilities required to support the company's objec
5 KB (631 words) - 20:06, 10 March 2024
*'''Monitoring and tracking''': It involves keeping track of media coverage and mentions of a company, its pro
*'''Risk management''': By keeping an eye on negative media coverage, potential crises, and rep
3 KB (446 words) - 16:53, 11 March 2024
...g must be reproducible, it must be collaborative, it must be scalable, and it must be continuous.<ref>Definition - What does MLOps Mean? [https://blog.pa
...ined, automated ways. It’s a big challenge in raw performance as well as [[management]] rigor. Datasets are massive and growing, and they can change in real time
5 KB (759 words) - 16:54, 6 February 2021
...heir overall financial performance and make informed decisions about their operations. The ability to accurately measure profitability is essential for businesse
...anding cost-volume-profit analysis and its implications for their business operations, companies can make more informed decisions that will help them stay profit
8 KB (1,167 words) - 22:11, 7 December 2022
...lls, experience, creativity, and expertise of an organization's employees. It includes the collective know-how, innovation capabilities, and problem-solv
...ormation systems, intellectual property (patents, trademarks, copyrights), management systems, and company culture. Structural capital represents the infrastruct
4 KB (505 words) - 22:03, 10 March 2024
== Definition of Management Accounting ==
...executives in fulfilling [[Business Objective|organizational objectives]]. Management accounting creates [[value]] and ensures sustainable success by contributin
12 KB (1,552 words) - 16:55, 6 February 2021
...uts. This model is widely used in various fields such as computer science, management, engineering, and education, to help understand, analyze, and design system
...s to simplify the understanding of a complex system or process by breaking it down into its basic components. The model helps in analyzing the system's b
4 KB (570 words) - 20:03, 10 March 2024
One advantage of empowering employees is that it can lead to increased job satisfaction and motivation. When employees feel
Another advantage of empowering employees is that it can lead to improved organizational performance. By encouraging employees t
3 KB (451 words) - 14:10, 8 March 2024
...technology management. It provides definitions for technology [[business]] management terms. Most articles in the wiki also go deeper providing a broader context
...nyone who is a manager of information technology or someone who depends on IT to create business value.
3 KB (403 words) - 09:13, 13 March 2024
...ted applications, virtual goods, as well as "wild" web-based information [[management]] and [[marketing]].<ref>Definition of Chief Digital Officer [https://en.wi
...e visibility or support it needs if it’s not helping the company get where it wants to go.
4 KB (474 words) - 14:32, 6 February 2021
...over]]: A friendly takeover is a transaction in which the target company's management and board of directors support the acquisition and are willing to negotiate
...board of directors do not support the acquisition and may actively resist it. Hostile takeovers often involve a battle for control between the acquiring
2 KB (270 words) - 17:41, 29 December 2022
One advantage of divestiture is that it can help a company to focus on its core competencies and improve its financ
...requiring specialized expertise in valuation, negotiation, and transaction management. In addition, divestiture can result in a loss of talent or knowledge, as e
3 KB (426 words) - 13:44, 8 March 2024
The term "killer bees" is not commonly used in business or computing, as it refers specifically to the Africanized honey bee. However, the term has bee
...o describe a software application that is so compelling or innovative that it drives the adoption of a particular platform or technology. This can includ
2 KB (257 words) - 22:33, 10 March 2024
...uting the [[Business Strategy|business strategies]] developed by the top [[management]] team. And, in many cases, they are being groomed to be—or are actually
...rough the ranks for at least 15 years. He or she has both [[business]] and management expertise as well as extensive experience in the practices, policies, and p
9 KB (1,384 words) - 14:33, 6 February 2021
...trix in the 1950s, and has since become a widely used tool in business and management.
The Kepner-Tregoe Matrix is important because it provides a structured and systematic approach to decision-making, which can
3 KB (443 words) - 22:32, 10 March 2024
...fers to the total cost of producing a single unit of a product or service. It is calculated by dividing the total cost of production by the number of uni
...an be reduced or efficiencies can be improved, contributing to better cost management and overall financial performance.
3 KB (457 words) - 12:21, 6 April 2023
*[[IT Strategy (Information Technology Strategy)]]
*[[IT Governance]]
5 KB (669 words) - 15:28, 12 March 2024
...rm of a financial obligation and establish a clear timeline for repayment. It helps both the borrower and lender to plan their cash flows and investment
*'''Risk management''': Lenders and bondholders consider the maturity date when assessing the r
4 KB (531 words) - 16:51, 11 March 2024
...oducts, or engages in new business activities that differ from its current operations. The primary goal of diversification is to reduce risk by spreading investm
...whether in manufacturing, distribution, or R&D, can lead to more efficient operations and reduced costs.
6 KB (829 words) - 23:32, 27 March 2024
== What is a Security Operations Center (SOC)? ==
A Security Operations Center (SOC) is a centralized unit within an organization that continuously
8 KB (1,052 words) - 12:38, 22 March 2024
...ible for generating revenues, controlling costs, and managing investments. It is a type of responsibility center that focuses on the financial performanc
#Revenues: The income generated by the business unit or division from its operations, including sales of products or services.
5 KB (675 words) - 22:17, 10 March 2024
Outcome is defined as the result or consequence of one or more actions. It can be desirable or undesirable. Outcomes can be intended or unintended.
...gy]] is a means to that end and technology helps with it. The objective of management is to ensure intended outcomes, minimize unintended consequences, and when
1 KB (194 words) - 12:47, 1 July 2023
...s of goods in transit, in-transit visibility can help to improve inventory management, reduce the risk of theft or damage, and improve delivery times and custome
...n, in-transit visibility has become an important component of supply chain management, and has been widely adopted by businesses in a variety of industries.
3 KB (406 words) - 18:44, 10 March 2024
Permission marketing is important because it can help businesses build stronger relationships with customers, improve en
...ineffective marketing. The cons include the need for careful planning and management, the potential for lower response rates compared to interruption-based mark
3 KB (469 words) - 15:13, 12 March 2024
...independently of one another, allowing for greater flexibility and ease of management. Modular architecture is widely used in various fields, including software
...refactored independently of one another. This separation of concerns makes it easier to maintain and improve the system over time.
3 KB (428 words) - 17:22, 11 March 2024
== What is Business Relationship Management (BRM)? ==
...e entire organization operates cohesively and effectively meets its goals. It involves understanding the needs of various stakeholders and managing expec
8 KB (1,057 words) - 21:07, 27 March 2024
...imum level of return that an investor expects to receive on an investment. It represents the amount of risk that the investor is willing to take in order
...native investment opportunities. It is an important concept in finance, as it helps investors to understand the trade-offs between risk and return and to
2 KB (304 words) - 22:51, 10 March 2024
...Region Analytical and Response Elements Scale) is a tool used by emergency management personnel to assess the severity and potential impact of an incident or eve
...by a range of organizations, including federal, state, and local emergency management agencies, as well as law enforcement, fire, and medical response teams.
3 KB (441 words) - 22:18, 10 March 2024
#Complexity: The integration and management of multiple types of processors in a single system can be complex, requirin
...nified programming model, improved performance, and energy efficiency, but it also faces challenges related to complexity and compatibility.
3 KB (428 words) - 19:46, 8 March 2024
...ution. A ticket is created when a customer submits a request or issue, and it is assigned to a support agent who then works to resolve the issue. The tic
...ck the progress of each ticket, from the time it was submitted to the time it was resolved, ensuring that nothing falls through the cracks.
4 KB (556 words) - 16:51, 25 April 2023
...regulators will continue to develop their approaches for operational risk management and capital budgeting.
A key component of [[Risk Management|risk management]] is measuring the size and scope of the firm’s risk exposures. As yet, h
9 KB (1,280 words) - 12:46, 1 July 2023
== What are IT Services? ==
...including consulting, software development, and infrastructure management. IT services can be provided by internal teams within a company or by external
8 KB (1,261 words) - 18:43, 7 March 2024
...components, traffic, and metrics to ensure efficient and reliable network operations. NPM aims to proactively identify and address issues that can impact networ
...PM) Mean? [https://www.techopedia.com/definition/29972/network-performance-management Techopedia]</ref>
5 KB (645 words) - 01:56, 2 June 2023
...eed, reliability, and ability to supply power to connected devices, making it an ideal choice for multimedia and professional audio/video applications.
FireWire has several features that made it attractive for data transfer:
3 KB (396 words) - 17:33, 8 March 2024
...at has acquired or established subsidiary companies to expand its business operations or diversify its investments. <ref>Definition: What is a Parent Company? [h
.... It provides the subsidiaries strategic direction, financial support, and management guidance while allowing them to operate with a certain degree of autonomy.
6 KB (772 words) - 12:49, 12 March 2024
...c [[Database Management System (DBMS)|database management system (DBMS)]]. It describes how the logical data model, which is the high-level view of the d
...lueprint for the actual implementation of the database in a specific DBMS. It includes detailed information about the data types, table structures, index
3 KB (456 words) - 22:48, 10 March 2024
...egitimate power can be traced back to the early theories of organizational management, which emphasized the importance of hierarchical structures and the role of
...ower is consistent with the values and goals of the organization, and that it does not lead to the abuse of power or the marginalization of other individ
3 KB (383 words) - 22:37, 10 March 2024
...ectors: IT business value (that is, impact on Intel’s business), impact on IT efficiency, and the financial attractiveness of an investment. All three fa
...]]: Key performance indicators (KPIs) or metrics used to evaluate business operations or strategies' effectiveness, efficiency, and success.
3 KB (391 words) - 19:33, 1 March 2024
...ial Adjustment Valuation (PAV) model can help determine the exact value of IT investments by estimating their impact on different aspects of the business
IT Value is found in qualifying the organization to participate in information
7 KB (978 words) - 13:58, 19 July 2023
...the backbone of high-speed data transport between different network parts. It is designed to provide the fastest possible data transfer, focusing on effi
.... This layer aggregates data from multiple access layer devices and routes it to the appropriate core layer devices. The distribution layer enforces secu
3 KB (476 words) - 19:47, 8 March 2024
== What is ITIL Event Management? ==
...e management of the IT infrastructure or the delivery of IT service. Event Management is part of the ITIL Service Operation stage, focusing on identifying, categ
7 KB (1,030 words) - 22:45, 7 April 2024
...er processing, order fulfillment, and order tracking. The purpose of order management is to ensure that customer orders are processed efficiently and accurately,
...he efficient and accurate processing of customer orders. The role of order management is to coordinate and track the various stages of an order, from order place
4 KB (559 words) - 12:46, 12 March 2024
...iness analysis tool developed by the Boston Consulting Group in the 1970s. It is used to help companies evaluate their product portfolio and allocate res
...he growth rate of the market in which a product or business unit operates. It is an indicator of the market's attractiveness and potential for future gro
3 KB (469 words) - 19:43, 8 March 2024
...ment processes, improve collaboration, and enhance the efficiency of their operations.
...s that it can help businesses improve the efficiency of their supply chain management processes. B2Bi enables businesses to automate many of their manual process
3 KB (470 words) - 11:56, 16 July 2023
A Learning Management System (LMS) is a software application or platform designed to manage and d
...ory of LMSs can be traced back to the early 1990s, when the first learning management systems were developed for use in academic settings. Since then, LMSs have
3 KB (352 words) - 22:37, 10 March 2024
...limited resources and their influence on individual and societal behavior. It posits that the scarcity of resources, such as money, time, or natural reso
...and creativity to overcome scarcity and obtain desired resources. However, it can also lead to stress, impulsive behavior, and suboptimal decision-making
4 KB (574 words) - 12:52, 12 March 2024
...e and structure for organizing and understanding organizational processes. It was developed by the American Productivity and Quality Center (APQC) to fac
...organizations define, document, and communicate their business processes. It helps organizations understand the relationships between processes and prov
7 KB (867 words) - 19:26, 26 March 2024
...ness venture to determine its viability and the likelihood of its success. It is typically conducted before committing significant resources or making an
...t market, customer needs, demand, competition, and potential market share. It helps determine if there is a sufficient market for the proposed product or
4 KB (554 words) - 16:22, 8 March 2024
...as well as the potential for the acquired company to benefit from improved management and financial performance. However, LBOs can also be risky, as the high lev
...e of other businesses. However, LBOs can also be risky and require careful management to ensure that the acquired company is able to manage its debt and achieve
3 KB (380 words) - 22:38, 10 March 2024
...all high-level strategy and operational framework for a project or system. It outlines the objectives, key capabilities, functions, and operational conte
...em or project, including its main components, functions, and capabilities. It may also describe the intended users, beneficiaries, or customers.
5 KB (778 words) - 15:15, 1 September 2023
*Enhance Profitability: Optimize operations by identifying the most cost-effective production levels.
*Operational Flexibility: Provide flexibility in business operations, allowing businesses to adjust quickly to changes in market demand without
5 KB (686 words) - 00:55, 16 May 2024
== What is Lean Management? ==
...ize processes and eliminate waste within an organization. The goal of lean management is to create a culture of continuous improvement, in which processes and sy
8 KB (1,122 words) - 14:02, 5 January 2023
...be accessed from anywhere, while reducing the need for local hardware and IT support. HVDs can be used by individuals, small businesses, and enterprises
...ed security and data protection, reduced hardware costs, and simplified IT management. HVDs can also enable remote work and collaboration, allowing employees to
3 KB (473 words) - 19:55, 8 March 2024
...s. Reward power is often found in organizational settings, particularly in management and leadership roles.
...te others to achieve specific goals or objectives by providing incentives. It can be used to encourage positive behaviors, improve performance, and reinf
3 KB (476 words) - 18:50, 8 March 2024
...n an efficient and effective manner. Work processes are fundamental to the operations of any organization, ensuring that activities are carried out consistently,
...t to core processes, including human resources, IT support, and facilities management.
6 KB (870 words) - 15:53, 6 April 2024
...companies more efficient, this is contributing to overall sustainability. It also demonstrates the shift towards a circular economy.<ref>[https://disrup
...In the PaaS model, the company would purchase a certain number of welding operations, not the robot itself—in effect, paying for repetitions instead of robots
7 KB (988 words) - 22:17, 14 March 2024
...t. Since then, implementation design has become a key component of project management and strategic planning across a wide range of industries and organizations.
*[[Personnel Management]]
3 KB (420 words) - 18:44, 10 March 2024
Here's how it works:
...oversimplifies the relationship between tax rates and tax revenue and that it's difficult to determine the precise tax rate that maximizes revenue.
2 KB (305 words) - 22:34, 10 March 2024
...ity, or value of something such as an investment, program, or [[Process]]. It helps establish the value of investments, programs, and processes among oth
...in functionality, the effectiveness of investments, and the efficiency of operations. From evaluating new technologies to the value of investments, the status o
2 KB (225 words) - 11:03, 1 July 2023
...SCALe)''' is a framework for designing and managing supply chain networks. It is a comprehensive approach that considers the full life cycle of a supply
...gement frameworks and tools, such as Lean, Six Sigma, and the Supply Chain Operations Reference (SCOR) model.
2 KB (226 words) - 16:46, 3 January 2023
...d effectiveness of service provisioning activities within an organization. It involves streamlining and optimizing the steps involved in delivering servi
...promptly, meet customer requirements, and align with business objectives. It optimizes the entire service provisioning lifecycle, from initial service r
6 KB (675 words) - 16:03, 8 March 2024
...to the process of envisioning and working towards a desired future state. It involves creating a compelling vision of the future that "pulls" the organi
...ational and achievable, motivating individuals to work together to realize it.
3 KB (458 words) - 18:33, 8 March 2024
...ibility, scalability, and often cost-effectiveness compared to traditional IT delivery methods. They encompass a variety of approaches, each tailored to
...more on core business functions while ensuring expert handling of their IT operations.
7 KB (942 words) - 18:20, 23 April 2024
...ts and access rights. ILM is an essential component of identity and access management (IAM), and helps organizations to ensure that user identities and access ri
...s, and can improve the efficiency and effectiveness of identity and access management processes.
3 KB (485 words) - 18:42, 10 March 2024
...ials and information required to bring a product or service to a consumer. It involves creating a detailed diagram that illustrates every step involved i
...lead time (the total time to complete a process) and cycle time (the time it takes to complete one cycle of a process) to identify delays and areas for
7 KB (1,040 words) - 11:55, 30 March 2024
...Availability Management, IT Service Continuity, Information and [[Security Management]], and others.
...n Management]], and Technical Management ([[ITIL Service Operation|Service Operations]]).
9 KB (1,326 words) - 22:12, 27 January 2023
...ng, is a framework developed by Bengt-Arne Vedin, a Swedish innovation and management expert. The model focuses on the relationship between [[innovation]] and le
*[[IT Strategy (Information Technology Strategy)]]
4 KB (498 words) - 17:02, 11 March 2024
...tatements of an organization accurately represent its financial status and operations in accordance with the relevant accounting principles and standards.
*Stakeholder Confidence: It reassures investors, creditors, and other stakeholders of the reliability o
7 KB (975 words) - 15:45, 7 March 2024
#Complexity: The integration and management of multiple network types, technologies, and protocols can be complex, requ
*[[IT Strategy (Information Technology Strategy)]]
4 KB (477 words) - 19:46, 8 March 2024
...roject level. Its use should always be proportionate to the level at which it is being applied as well as the cost and risk associated with the investmen
It requires consideration of:
6 KB (872 words) - 17:34, 8 March 2024
...ing option in the value network model (VNM) (Stabell and Fjeldstad, 1998). It deals with firm-level differences in terms of value creation and offers an
...ure, companies are better equipped to make informed decisions about future operations.
2 KB (305 words) - 23:34, 6 December 2022
...Deming cycle, is a continuous improvement methodology used in business and management to optimize processes, products, or services. The cycle consists of four it
...ying a problem or an area for improvement and developing a plan to address it. This may include setting objectives, defining key performance indicators (
3 KB (459 words) - 15:37, 8 March 2024
...bject Management Group (OMG) standard for model-driven engineering (MDE). It provides a language-independent framework for defining and manipulating met
...rm-independent manner. It plays a key role in model-driven engineering, as it supports:
4 KB (486 words) - 16:57, 11 March 2024
== Business Value of Information Technology (IT) ==
...ptimize processes, improve efficiency, and drive innovation. By leveraging IT effectively, organizations can create and maintain a competitive advantage
8 KB (996 words) - 18:36, 1 March 2024
...d structures that support the organization's mission activities, including management systems, communication channels, and decision-making processes.
*[[IT Strategy (Information Technology Strategy)]]
4 KB (444 words) - 17:11, 11 March 2024
...segment is responsible for monitoring and maintaining the GPS satellites. It consists of a network of ground-based tracking and control stations that mo
...que called trilateration to determine their location by measuring the time it takes for the satellite signals to reach the receiver. By obtaining signals
3 KB (449 words) - 18:35, 8 March 2024
...Group Capacitation is a term used in organizational development and change management to describe a process of engaging large groups of individuals in the change
...hese cases, large groups of individuals may be impacted by the change, and it is important to engage them in the process to ensure buy-in and ownership.
3 KB (359 words) - 22:34, 10 March 2024
...customer experiences. The technology is also used to automate supply chain management, customer service, and other business-critical functions.
...hnology to perform a repetitive task that is usually performed by a human. It involves replacing manual tasks with machines or computers to save time and
6 KB (796 words) - 07:38, 26 April 2023
...mponents and activities work together to facilitate value creation through IT-enabled services. The SVS was introduced in ITIL 4, the latest version of t
...mstances, regardless of changes in its goals, strategies, type of work, or management structure.
4 KB (485 words) - 18:41, 10 March 2024
...cts or initiatives undertaken by an organization affect all aspects of its operations and well-being. A successful project, for example, can add a key capability
*Positive or negative: results work in favor of the business or against it
8 KB (1,162 words) - 21:48, 4 March 2024
...adapt quickly to market changes, predict future trends, and optimize their operations.
...systems typically feature more intuitive, user-friendly interfaces, making it easier for employees to access and interact with the system.
4 KB (511 words) - 22:06, 10 March 2024
...ning]], [[BCG Matrix]], [[McKinsey Matrix]], beside performing a review of management literature on corporate planning.
...oach to formal strategic planning and underlined under which circumstances it might work well. The five process steps are:
8 KB (1,083 words) - 15:13, 17 July 2023
...and culture. These organizations reinvest any surplus revenues from their operations into their mission-driven activities rather than distributing them as profi
...ng consistent and reliable sources of funding to maintain and expand their operations.
8 KB (980 words) - 13:51, 13 March 2024
...focus on a period of one to three years and are developed by middle-level management to support the broader goals and vision of the organization.
...lear roadmap for implementing the strategic plan at the operational level. It translates strategic objectives into actionable tasks, assigns responsibili
5 KB (753 words) - 21:37, 7 April 2023
...nd later implemented by Microsoft in its Windows operating systems, making it widely used in many business environments.
...nters, and supports session establishment, data transmission, and resource management.
3 KB (480 words) - 18:02, 8 March 2024
...o another. Data migration is a critical process for many organizations, as it enables them to upgrade their technology or software, consolidate data from
...the efficiency and accessibility of data by consolidating and centralizing it in a single location. Data migration can also help organizations to improve
3 KB (529 words) - 19:39, 5 September 2023
...leaders who can replace old leaders when they leave, retire, or pass away. It ensures that businesses continue to operate efficiently without interruptio
*Monitoring and Reviewing: Regularly reviewing the succession plan to ensure it remains aligned with the organization’s goals and adapts to any changes w
7 KB (976 words) - 10:14, 4 April 2024
...the buyer. Reverse auctions are often used in procurement and supply chain management to source goods or services at competitive prices.
*[[IT Strategy (Information Technology Strategy)]]
3 KB (466 words) - 18:49, 8 March 2024
...nding the network, businesses can identify opportunities to optimize their operations, reduce costs, and increase customer value. VNA takes a broader perspective
...nables businesses to identify and leverage opportunities to optimize their operations, enhance collaboration, and ultimately create more value for their customer
16 KB (2,349 words) - 21:10, 21 March 2023
...arket index or benchmark. When a stock is given a "market perform" rating, it is expected to perform in line with the overall market or industry average
...de investors with a neutral evaluation of a stock's potential performance. It suggests that the stock may neither outperform nor underperform the market
3 KB (516 words) - 16:45, 11 March 2024
...ted and effectively utilized to support business objectives. <ref>Defining IT Implementation [https://en.wikipedia.org/wiki/Implementation Wikipedia]</re
...nfiguration, system integration, data migration, user training, and change management. The ultimate goal is to enable the organization to leverage technology eff
5 KB (653 words) - 21:37, 26 June 2023
...nd interpret market trends, customer needs, and the competitive landscape. It involves continuously gathering and analyzing data to inform decision-makin
...is particularly important in fast-changing or highly competitive markets. It helps organizations to stay attuned to customer needs and market trends, an
2 KB (303 words) - 22:15, 10 March 2024
...g and inventory control system used to manage [[manufacturing]] processes. It ensures that the right materials and resources are available at the right t
...rers can make more informed decisions about production planning, inventory management, and resource allocation.
4 KB (471 words) - 16:50, 11 March 2024
...omer trust and loyalty, improved search engine rankings, and better crisis management during negative events.
*[[IT Strategy (Information Technology Strategy)]]
3 KB (465 words) - 18:14, 11 March 2024
While hedging can be an effective risk management strategy, it also comes with some potential downsides:
#Limited gains: While hedging can protect against potential losses, it can also limit potential gains. If the market moves in the investor's favor
3 KB (494 words) - 18:08, 8 March 2024
...olled by an individual, company, or organization with the expectation that it will provide future benefit or generate future income. Assets can be tangib
...dit, providing businesses with access to additional funding for expansion, operations, or other purposes.
3 KB (394 words) - 16:14, 17 July 2023
...led at navigating various cultural norms, values, and expectations, making it possible to unite team members around common goals despite their diverse pe
*Facilitating Global Operations: Essential for organizations operating in multiple countries, helping them
6 KB (771 words) - 16:26, 23 April 2024
...utions must combine the capabilities of deployment automation, environment management and modeling, and release coordination.<ref>[https://en.wikipedia.org/wiki/
...and reliable software releases by bridging the gap between development and operations teams.
3 KB (428 words) - 17:21, 21 August 2023
...on of business processes, supporting compliance requirements and knowledge management.
While EPC is a powerful and widely-used business process modeling technique, it has some limitations, such as the lack of support for representing complex
4 KB (495 words) - 15:35, 8 March 2024
...rovided by a consultancy firm or the software developed by a tech company. It is a critical measure of productivity and efficiency, reflecting the end re
...of the production process, the quality of inputs, and the effectiveness of management strategies.
8 KB (1,006 words) - 21:11, 10 April 2024
== Definition of IT Operating Model ==
...on of people, processes, and infrastructure used to conduct the day-to-day operations of an organization.
14 KB (1,997 words) - 22:47, 30 August 2023
...omic capital is calculated based on risk factors specific to the company's operations, including market, credit, operational, and other types of financial risk.
*Risk Management: To quantify a company's potential risks and ensure that it holds sufficient capital to cover these risks.
5 KB (730 words) - 17:27, 8 May 2024
...y, it refers to a request for information or action. In computing and data management, a query is commonly understood as a precise request for information retrie
...ed to retrieve information that matches specific criteria from a database. It allows users to filter, sort, and access the precise data needed from large
7 KB (1,092 words) - 16:20, 23 April 2024
Overall, Linked Data is an important approach to data management and sharing that can enable new insights and applications by creating a mor
*[[Personnel Management]]
3 KB (399 words) - 22:39, 10 March 2024
...g API for sending and receiving messages between distributed applications. It is part of the Java Enterprise Edition (EE) platform and provides a common
...s supported by a wide range of messaging brokers and middleware platforms. It provides a flexible and reliable way to send and receive messages between d
2 KB (318 words) - 22:18, 10 March 2024
...veloping a set of open standards and modular components, OKI aimed to make it easier for institutions to create, customize, and share educational applica
...teroperability between different educational software applications, making it easier for institutions to integrate and customize their systems.
4 KB (526 words) - 18:16, 11 March 2024
...stems and network infrastructure. Tracking of IT assets within an IT Asset Management system can be crucial to the operational or financial success of an enterpr
...eria. An undeniable fact about any component of the IT environment is that it has a limited life cycle. Hardware]breaks down. Software becomes obsolete.
8 KB (1,221 words) - 16:09, 21 April 2023
...s or services to a customer. It is a crucial step in the sales process, as it serves as a record of the transaction and provides important information to
...services being sold, the price, the payment terms, and the delivery date. It may also include any special instructions or notes related to the sale. The
3 KB (444 words) - 19:57, 19 April 2023
...on mathematics and psychology. Developed by Thomas L. Saaty in the 1970s, it involves decomposing a decision problem into a hierarchy of more easily com
*Facilitate Group Decision Making: It combines individual opinions to reach a consensus, particularly useful in g
6 KB (743 words) - 19:25, 8 May 2024
== What is IT Transformation? ==
...anization's technology landscape and how it uses technology to support its operations and achieve its business objectives.
8 KB (1,112 words) - 18:50, 30 August 2023
...st current alternatives analysis if applicable.<ref>Definition - What Does IT Investment Mean? [https://www.lawinsider.com/dictionary/information-techno
...technology is a necessity for any business to survive, it’s how you spend it that ultimately matters. Here are the three philosophies of information tec
4 KB (606 words) - 11:27, 20 January 2023
...between SAP and non-SAP applications, supporting a wide range of business operations such as sales, finance, human resources, and logistics. They are defined as
...rite access to the SAP database, allowing external applications to perform operations like retrieving customer information or updating order statuses.
8 KB (1,032 words) - 00:07, 28 March 2024
...ogies into an organization's existing [[IT Infrastructure]] and processes. It involves connecting the organization's on-premises systems, applications, a
#[[Data Integration]]: This involves integrating cloud-based data storage and management systems with the organization's on-premises data systems, in order to enabl
2 KB (226 words) - 14:11, 25 July 2023
...various domains, including business, economics, healthcare, environmental management, and public policy.
MCDA is important because it:
4 KB (513 words) - 17:31, 11 March 2024
...re responsibility for strategic planning, decision-making, and performance management. In healthcare, jobs may be designed to include more responsibility for pat
*[[Personnel Management]]
3 KB (446 words) - 22:19, 10 March 2024
...for companies that outsource various aspects of their operations, such as IT, human resources, or business processes, to third-party providers.
...is still primarily reactive, with limited strategic planning or proactive management of outsourcing relationships.
3 KB (427 words) - 14:18, 26 August 2023
...atterns intended to guide enterprises in scaling lean and agile practices. It is a freely available online knowledge base that allows for understanding a
...livery from multiple agile teams to deliver complex solutions effectively. It is designed to help businesses continuously and more efficiently deliver va
3 KB (495 words) - 18:12, 8 March 2024
...ffers. Service lifecycle helps to improve the [[Service Management|service management]] technique by using five processes to achieve better [[business]] performa
...e Strategy]] - SS: to understand the company's [[strategy]] and define how IT services will meet the strategic objectives of the organization;
14 KB (2,120 words) - 12:35, 9 March 2024
== What is Security Event Management (SEM)? ==
...ents, and analysis of security-related data from various sources within an IT environment. SEM tools are designed to provide organizations with immediate
7 KB (950 words) - 12:38, 22 March 2024
...core concept revolves around providing a structured approach to IT Service Management, drawing upon established frameworks and standards such as ITIL (Informatio
...rs a structured approach to designing, delivering, managing, and improving IT services that meet business objectives.
8 KB (1,115 words) - 11:39, 8 March 2024
...lex and larger structures. This organization enables better understanding, management, and processing of data within information systems. The data hierarchy typi
...abases, and are typically organized into folders or directories for easier management and retrieval.
3 KB (499 words) - 15:20, 26 August 2023
...in its mission activities, demonstrating effective resource allocation and management.
Mission value is important for organizations because it:
4 KB (512 words) - 17:12, 11 March 2024
...C firms receive equity in the company and often take an active role in the management and growth of the company.
...th high growth potential. Venture capital firms take an active role in the management and growth of the companies in which they invest, providing guidance on eve
5 KB (678 words) - 16:13, 8 March 2024
...so known as the Internal Audit or Internal Analysis Matrix, is a strategic management tool used to evaluate an organization's internal strengths and weaknesses.
...ess. Since then, the IFE Matrix has become a widely used tool in strategic management, and is used by organizations of all sizes and in all industries.
3 KB (484 words) - 18:42, 10 March 2024
...s, including personal development, team building, and leadership training. It is often used in group settings, where participants are asked to provide fe
*[[Personnel Management]]
3 KB (381 words) - 22:20, 10 March 2024
...developed in accordance with its requirements and specifications, and that it meets the needs of its intended users. The IV&V process involves an indepen
...andards and best practices, and a commitment to quality assurance and risk management throughout the development process.
3 KB (418 words) - 18:47, 10 March 2024
...are usually independent directors who are not part of the company's daily operations, providing an objective oversight function. They work closely with internal
*Risk Management: Assisting in identifying and managing financial and operational risks, inc
7 KB (936 words) - 15:46, 7 March 2024
*[[Personnel Management]]
*[[IT Operating Model]]
3 KB (340 words) - 22:37, 10 March 2024
Multitasking behavior is adopted by individuals who believe it can help them accomplish more tasks in a shorter period or handle competing
*'''Time management:''' By engaging in multiple tasks at once, individuals may feel they are us
4 KB (510 words) - 17:32, 11 March 2024
...economic model, and it's deeply rooted in global manufacturing and trade. It relies on the easy availability and accessibility of raw materials for prod
...the linear economy has been the backbone of global commerce for centuries. It has driven economic growth and development, but also has led to increased w
3 KB (393 words) - 22:39, 10 March 2024
...rs and investors to evaluate a company's financial performance and compare it with its competitors. The term "margin" can have a few different meanings d
...ability, as it shows that a business is able to generate more revenue than it spends on producing its goods or services.
4 KB (581 words) - 11:28, 12 January 2023
*Encapsulating Requests: Hiding the details of operations performed and the communication mechanism.
...in a separate object. This pattern allows for parameterizing objects with operations, queuing requests, and implementing various communication schemas between o
5 KB (756 words) - 14:52, 8 May 2024
...have turned to the internet and other electronic networks to conduct their operations. With the rise of e-commerce, online banking, and other digital services, b
...er electronic networks, leveraging the power of the internet to streamline operations and provide a better user experience.
7 KB (1,026 words) - 17:31, 27 March 2024
...vide facilities for [[cryptography]], certificate management, trust policy management, and key recovery.<ref>Definition - What Does Common Data Security Architec
...applications. Security services, such as cryptography and other public key operations, are available through a dynamically extensible interface to a set of plug-
6 KB (825 words) - 15:15, 9 May 2024
...ization, processes, information, and resources that make up an enterprise. It seeks to provide a structured and systematic approach to modeling and under
...ommunication, and facilitate collaboration between different stakeholders. It aims to provide a common language and framework for describing and analyzin
4 KB (565 words) - 14:13, 8 March 2024
...for the organization]].<ref>What is Information Technology Management (IT Management)? [https://www.omicsonline.org/information-technology-software-engineering.
.... So, IT Governance provides [[leadership]] or sets the direction while IT Management provides operational capability or executes on the direction. Increasingly,
12 KB (1,884 words) - 18:33, 30 August 2023
== What is Thompson and Strickland's Strategic Management Model? ==
...land's strategic management model''' is a systematic approach to strategic management that involves analyzing the organization's internal and external environmen
4 KB (521 words) - 15:45, 22 March 2024
...lex business processes involving interactions among multiple web services. It helps organizations automate business processes, improve efficiency, and pr
...plays a vital role in the development and integration of web services, as it provides a standardized language for defining and orchestrating the interac
6 KB (756 words) - 14:28, 7 April 2023
...to help make informed decisions about pricing, sales volume, and inventory management. A high gross profit percentage indicates that a company is generating a si
...over time, companies can make informed decisions about pricing, inventory management, and other strategic factors that impact profitability.
3 KB (435 words) - 09:50, 21 July 2023
...esource management and has a significant impact on a company's success, as it ensures that the right people with the right skills and experience are brou
Recruiting is essential for an organization because it directly impacts the quality of its workforce, which in turn affects the co
4 KB (508 words) - 15:53, 8 March 2024
...ese models and integrate the principles and practice with their day-to-day operations thereby achieving the benefits business excellence brings.<ref>Definition o
...nagement_System_(QMS)|Quality Management Systems (QMSs)]], [[Total Quality Management (TQM)]] and [[Benchmarking|Performance Benchmarking]]. All of these major
9 KB (1,185 words) - 20:46, 4 March 2024
...ransomware, and other types of harmful software that can disrupt computer operations, gather sensitive information, or gain unauthorized access to computer syst
...y can't do damage, giving the user the option to delete or recover them if it's a false positive.
3 KB (460 words) - 14:26, 1 September 2023
...ed to a wide range of contexts, including scientific research, information management, and e-commerce.
*[[Personnel Management]]
3 KB (406 words) - 22:33, 10 March 2024
...ality trait is important, there will be a word in the language to describe it.
*[[Personnel Management]]
3 KB (369 words) - 22:38, 10 March 2024
...[[Information and Communications Technology (ICT)|information technology (IT) and telecommunications]] support to other government departments and publi
...and offered support and advice on the planning, implementing, and managing IT and telecommunications systems.
4 KB (560 words) - 17:39, 7 April 2023
...he requested interface, it returns a pointer to that interface; otherwise, it returns an error code. This enables clients to discover and use the feature
...COM object or one of its interfaces, it must call AddRef to indicate that it is holding a reference to the object.
4 KB (502 words) - 18:41, 10 March 2024
...nding the HR function. The goal is to ensure that an organization's people operations are aligned with its business strategy.
The human resources department is important because it helps an organization run smoothly and efficiently by managing its workforc
10 KB (1,513 words) - 21:08, 3 January 2023
...to data, enabling organizations to make data-driven decisions, streamline operations, and gain valuable insights. DDPs are particularly useful in environments w
*'''[[Data Processing]]''': Once the data is collected, DDPs process it to ensure its accuracy, consistency, and relevancy. This may include data c
3 KB (460 words) - 14:47, 26 August 2023
...s well. In fact, many people often take their old applications and upgrade it from time to time. Definitely, part of technological advancement include mo
...e care of these tasks easily. Not only will it speed the productive cycle, it will also cut costs considerably.
9 KB (1,205 words) - 20:02, 27 March 2024
'''Strategic Leadership''' is a management approach adopted by leaders who influence, inspire, and guide others to ach
...tion's long-term success while maintaining short-term financial stability. It combines strategic planning, decision-making, and leadership elements to gu
8 KB (958 words) - 17:05, 26 March 2024
...ping and iterative development to quickly deliver functional applications. It is particularly useful when there is a need to develop software within a sh
...ntify and fix any issues or bugs. Once the application is deemed complete, it is integrated with other systems, if required.
4 KB (548 words) - 16:01, 8 March 2024
...to ensure they operate at optimal efficiency and within specified limits. It involves the continuous adjustment of process variables (such as temperatur
...Control): Involves continuously measuring the process variable, comparing it to the setpoint, and making adjustments based on feedback to minimize the d
7 KB (992 words) - 19:22, 26 March 2024
...se services can include tax advisory, consulting, financial planning, risk management, and other advisory services. While non-audit services can offer significan
...s can help improve business performance through strategic consulting, risk management, and optimization of tax strategies.
7 KB (950 words) - 15:28, 7 March 2024
...ed with the goods being transported transfer from the seller to the buyer. It is one of the Incoterms (International Commercial Terms) established by the
The concept of FOB dates back to the 18th century in British maritime law. It was later adopted and standardized by the ICC through the creation of Incot
4 KB (582 words) - 17:52, 8 March 2024
...n approach designed to help organizations redesign their existing business operations to accomplish significant improvement in production. Effective BPI helps to
...endations. As process improvement can be time and resource-intensive upper-management support is a must.
3 KB (499 words) - 08:25, 26 April 2023
...sis also helps businesses analyze the impact of technology trends on their operations, as well as monitor changing customer needs and preferences.
...businesses can gain insights into how these aspects might influence their operations. By understanding these elements of external environment, companies can dev
8 KB (1,117 words) - 21:21, 14 December 2022
...'' is a framework for understanding and managing security risks over time. It was developed by the National Institute of Standards and Technology (NIST)
...curity is based on the idea that security risks change over time, and that it is important to consider not only the current level of risk, but also how t
2 KB (280 words) - 11:49, 7 January 2023
...ement that emphasizes the incremental and iterative progress of a project. It involves breaking down a project into smaller, manageable parts called iter
Iterative Development is important because it:
6 KB (814 words) - 15:55, 8 March 2024
...igher value-adding ones, leading to increased efficiency and productivity. It also helps organizations create standardized procedures that can be applied
...an effective tool for businesses to increase transparency and efficiency. It involves visually representing how tasks and processes are completed, helpi
8 KB (1,210 words) - 16:19, 12 December 2022
#Performance management: High-performance workplaces implement systems that set clear goals, measur
*[[IT Strategy (Information Technology Strategy)]]
4 KB (493 words) - 19:52, 8 March 2024
...ation can get maximum benefit from all the other frameworks and standards (IT governance, n.d.).
...dealt by board, middle layer – executive management and the outer layer – IT practitioners (Calder, 2008).
2 KB (279 words) - 19:36, 10 August 2023
...ardware. Low-level languages are characterized by their ability to perform operations at a very granular level, offering significant control over hardware resour
...age, assembly language uses symbolic instructions (mnemonics) to represent operations and storage locations. Assembly language is specific to a computer's archit
6 KB (764 words) - 12:44, 7 April 2024
...institutions often provide training and support in areas such as financial management, business planning, and marketing, helping borrowers make the most of their
*Microcredit alone may not be sufficient to lift people out of poverty, as it must be accompanied by other support services and broader economic developm
4 KB (552 words) - 15:46, 8 March 2024
...order to improve their efficiency, effectiveness, and overall performance. It involves using a variety of data analysis techniques and tools to understan
*How long does it take to complete a particular process?
5 KB (638 words) - 18:50, 26 March 2024
...h as Lean, Six Sigma, Total Quality Management (TQM), and Business Process Management (BPM).
...izational performance by providing a framework for continuous improvement. It involves the systematic analysis and optimization of business processes to
3 KB (437 words) - 18:57, 21 April 2023
..., typically built using spreadsheets, software, or other analytical tools. It is used to analyze and forecast a company's financial situation, identify t
...te a company's actual financial performance against its forecasts, helping management identify areas for improvement and adjust strategies accordingly.
7 KB (910 words) - 02:21, 19 April 2023
...figuration or interactive configuration tools. It allows developers and IT operations teams to automatically manage, monitor, and provision resources in a cloud
...utomates the provisioning of infrastructure, drastically reducing the time it takes to deploy new applications or updates.
5 KB (743 words) - 22:21, 7 April 2024
...fshore Development Model is a specific approach to software development or IT-related tasks, where a company outsources a significant portion of its work
...arger pool of skilled professionals, particularly in countries with strong IT industries.
4 KB (583 words) - 18:27, 8 March 2024
*[[Personnel Management]]
*[[IT Operating Model]]
3 KB (338 words) - 18:47, 10 March 2024
...g, improved data consistency, and reduced manual intervention for database management.
...n:''' Active databases reduce the need for manual intervention in database management by automating tasks, such as data transformation, aggregation, or cleanup,
3 KB (465 words) - 22:10, 7 April 2023
...ed in generation of goods and services. Expressed usually as a percentage, it is computed by dividing the total capacity with the portion being utilized.
Capacity utilization is an important operational metric for businesses, and it's also a key economic indicator when applied to aggregate productive capaci
3 KB (344 words) - 19:20, 7 December 2022
....S. companies that have implemented successful quality management systems. It is presented annually by the President of the United States to [[Organizati
...offer a free Baldrige-based self-assessment of cyber security operations. It may be found at ManageHub
3 KB (417 words) - 13:57, 6 February 2021
*[[Personnel Management]]
*[[IT Operating Model]]
3 KB (377 words) - 22:39, 10 March 2024
*[[Personnel Management]]
*[[IT Operating Model]]
3 KB (378 words) - 18:47, 10 March 2024
*'''Risk management:''' By diversifying suppliers, organizations can reduce the risk of supply
...delivery times. While multiple sourcing can provide significant benefits, it may also increase complexity and transaction costs.
4 KB (580 words) - 17:32, 11 March 2024
...ect value, creating a visual representation that aids in prioritizing risk management efforts.
The primary role of the VRM is to facilitate a balanced approach to risk management by evaluating the potential value gains against the risks involved. Its pur
5 KB (736 words) - 20:46, 8 May 2024
...uals to focus on specific tasks, gaining efficiency and expertise in them. It's a fundamental principle in organizational design, particularly in manufac
*IT and Software Development: In software development, work is often divided in
9 KB (1,200 words) - 21:08, 22 April 2024
...sis because they provide context and granularity to a firm and its primary operations. Investors can distinguish between long-term value stocks and short-term gr
...he new and innovative line of products to be offered to the target market. It helps in defining the types and nature of products that are liked and prefe
12 KB (1,791 words) - 17:57, 29 September 2021
...users, having equal upload and download speeds is essential for efficient operations, particularly with the increasing use of cloud services and remote work set
...er types of broadband internet, making them suitable for critical business operations.
6 KB (913 words) - 21:58, 6 March 2024
...ness, process orchestration is the automated arrangement, coordination and management of complex processes and tasks that cross organizational boundaries.
...mples include: IBM Business Process Manager (BPM), Oracle Business Process Management (BPM), Pega 7 BPM, Appian BPM and TIBCO ActiveMatrix BusinessWorks.
12 KB (1,705 words) - 17:44, 12 December 2022
...defined [http://www.bestpricecomputers.co.uk/glossary/business-technology-management.htm BPC Glossary]</ref>
*Organization: Successful management processes are supported by a tight organizational structure based on respon
6 KB (779 words) - 19:43, 27 March 2024
*Project Network and PERT Network Diagram: In project [[management]], the project network diagram is a simple flow chart representing the sequ
...This is a graphical representation of the social links that a person has. It is also known as sociometric chart that draws a social structure of interpe
4 KB (505 words) - 19:54, 8 July 2021
...s. Strategy implementation is a critical phase in strategic management, as it translates strategic thought into operational reality, determining the succ
*Change Management: Managing the change process to ensure smooth transition and adoption of ne
8 KB (1,014 words) - 15:42, 22 March 2024
*[[Personnel Management]]
*[[IT Operating Model]]
3 KB (369 words) - 18:49, 10 March 2024
...e natural disasters, technological failures, or other types of challenges. It involves both the capacity of the organization to absorb and recover from s
...operate and achieve its goals, even in the face of unexpected disruptions. It is an increasingly important concept in a world that is facing a range of c
2 KB (307 words) - 10:47, 5 April 2023
What it means:<br />
...ces have an owner, a group, and permissions. Until you remove the resource it continues to exist. Unlike real disk-based files, semaphores, message queue
3 KB (394 words) - 22:15, 10 March 2024
