Business model is among the essential aspects of digital enterprise management. The online business environment has enabled various digital enterprises to develop business models different from the traditional business models. According to a business model is simply a way of doing business. Companies chose on different business models depending on how the model can sustain their business through revenue generation. The business model will dictate how companies make money by defining their value chain position. This paper examines the business model for two digital enterprises, CQout and Amazon, in relations to the target audience, how the sites attract their ...
Essays on Business Model
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1. What are the weaknesses of Groupon’s business model described in the videos?
Ans. The business model of Groupon is vulnerable and can be easily replicated by any other
Competetetor.There are almost 500 different competitors doing the same kind of businesses
Like Google, Amazon .Moreover, they spend too much On advertisements that are again a very
Huge cost incurred on their revenues.
2. What features of the contemporary e-commerce does Group Now! Utilize?
Ans. The features are mentioned as below:
Providing links to their websites in different social networking platforms like, Facebook.
Doing regular tie-ups with all the local restaurants, spa, gym centers to attract local businesses.
Publishing Advertisements in terms of Junk Mails to the readers for publicity.
3. What ...
The Jones’s business plan had strengths and weakness. The major strength was the availability of the market niche for her products and services. This is so because she focused on various methods that would solve the infertility issues. Her business plan targeted older couples who have trouble in conceiving. Likewise, the market opportunity for cryopreservation and egg harvesting targeted the youth professional women, which enabled them to buy fertility insurance while pursuing their careers. Therefore, the plan was meant to capture these existing opportunities in the targeted market niche. Jones’s business plan represented the business idea and ...
Japanese company Toyota Motor Corporation recalled 6.4 million vehicles worldwide in efforts for quality control. It is according to an article from the Wall Street Journal by Hiroyuki Kachi. Twenty seven models were recalled in this big blow to the company’s quality control. This event happened after it was discovered that there were defects in some of the Toyota Models. The defects include problems with the steering wheel, air bags, peddlers, and the engine starters (Kachi). Two vehicles in Japan caught fire due to defects on the airbags. The business strategy of the company to report, and recall ...
With every business or organization, there is a business model. Each individual industry tends to have a standard model in which organizations conduct their business. However, this is not always the case. Take for example the PGA Tour. Rather than follow the patterns of most other sports organizations and teams, this company has created its own model in order to make the best use of its resources. By making the best use of its limited resources, supporting charities and players, and creating a strong business culture, the PGA Tour creates an experience which retains its fans, players, and partnering ...
Part 1: Business idea
My business idea is a starting barbershop. The name of this barbershop will be JD Barbershop. It will be serving males across all ages. It will be open from 1000hrs to 2100hrs on weekdays and 0800hrs to 2000hrs on weekends.
The layout of this essay will be characterized by several sections based on each question. For question one, the first section will concentrate on the business idea. The other section will have details on Michael Porter’s Competitive Forces. For question two, the first part will be based on the type of the business model ...
Keene Enterprises Inc (K.E.I)
2456 Prosperity Lane
(208) 456 8877
850 Bluebonnet Court,
Eagle, ID 83616
Dear Mr. Meyers
Thank you for your interest in Keene Enterprises and particularly in the position of Chief Sustainability Officer (CSO) .I hope that this letter will address all your questions and enlighten you on sustainability management as a future career option for you.
A chief Sustainability Officer (CSO) is a senior management employee who analyzes business processes and identifies areas which require compatibility with established sustainability policies. The CSO role is strategic, meaning that he identifies shortcomings in business processes and suggests changes that ...
Webvan was an on-line grocery business founded by Louis Borders in 1996; it went bankrupt in 2001. This case study will examine in detail the Webvan business model, compare it with those of other related companies, find out why it went Bankrupt as well as well as give recommendations on the changes that could be made.
At around 1999, Webvan had become a magnet for capital as most private investors were coming in. The IPO of Webvan was on November 5, 1999 and was placed at $15 and ended up closing at $25. This gave the company up to $ ...
Social Sustainability Challenge at Nike
CSR, Corporate Social Responsibility, has become intertwined in the business models so much that organizations face high reputational and economic costs of ignoring it. Nike, a global organization, has been facing a major CSR challenge; social sustainability challenge, to state it more specific. Social sustainability, as a CSR dimension, is least defined; however it refers to providing quality to the society and to building a relationship with it. Unfortunately, Nike has been excoriated for maligning social sustainability by not giving quality conditions to workers.
The company has been facing protests since 1990s for the poor work conditions in its ...
One early morning, I was jogging in our neighborhood with my friend and passed by a row of apartments. Then my friend said, “I wish one of those apartments were mine.” After what I heard, I started to dream and thought of how to be able to invest in one of those apartments just like my friend. When we got home, I told my mother about our plan after college. She just stared and said,“that is good to know that you have a very good ambition that will make you financially stable after years in college.”Then she ...
Article Review: Free Beer Always Tastes Great
The article by John Greathouse (WSJ, 2014) discusses the ways of developing a successful freemium business model, which becomes increasingly popular among on-line service providers, and on-line startups in particular. Greathouse argues that many entrepreneurs who enter the online market frequently employ this model, but mostly fail to implement it properly. They fail to provide coherent information to their clients about the proportion and difference between free and paid services, or completely miss the appropriate timing for communicating these aspects. To avoid this problem, Greathouse suggests four simple yet effective ways: communicating early, upselling logically, offer temporarily free services, ...
A business plan is an essential guide to success of an enterprise. When developing a business plan, there are some points of emphasis that an entrepreneur needs to ensure (Gitman & McDaniel, 2008). It comprises of the executive summary; this comes after the title page within the general outline of the business plan. The executive summary tells the reader the objectives of the business or what the entrepreneur wants. This element is very crucial; thus entrepreneurs should clearly outline what they are asking for in the executive summary.
In addition, the statement should be kept businesslike and should be short ...
Food industry is one of the largest and most lucrative industries of the world in terms of revenue recognition and size, and the industry is booming in almost every part of the world. Though, restaurant industry is one of the largest industries of the world, but still there is a huge gap among the utilization of this particular industry (Abrams, 2004). Developed countries like the United States, United Kingdom (UK), Germany and others are some of the largest countries of the world in terms of effectiveness and power. However, other parts of the countries like Asian region are very ...
TNT case analysis
Mission, aims and objectives
According to Hom (2013), mission is a clear statement of the reason for the company’s existence on the market. Mission details the status of the company and provides both direction and guidance for setting aims, objectives and strategies at different organizational levels.
The value of the mission, which is expressed formally and effectively represented to the employees of the organization, cannot be overstated. The aims and objectives made on its basis serve as criteria for the subsequent decision-making process. For instance, according to the case, the TNT’s mission consists of three key points: ...
The term recycling refers to the process of changing waste materials into usable, new products, thus, preventing the wastage of useful materials. It leads to the reduction in the consumption of fresh raw materials, usage of energy, water pollution, and air pollution. It obviates the need for conventional waste disposal, and the greenhouse gas emission is far less than fresh production of the product. There are several materials and wastes that can be recycled including plastics and others. Modern waste management includes recycling as a key component and is the third aspect of waste management hierarchy which includes Reduce, ...
Is Yahoo’s Business Model Work in 2011
IntroductionBoth of the financial and non financial strategies and aspects are essential for the sake of an organization; it is the only thing from which an organization takes a commendable position in an industry (Chernev, 2012). Strategic Management functions are more than essential for an entity, and it is the only thing from which strengths can be added in the entities particularly (Gilligan & Wilson, 2003). It is required to select a company, and then analyze its strategic model. The company is Yahoo and the research question is
History, Development and Growth
Yahoo is an American based multinational ...
Enterprise Application Integration (EAI) and its Features
Enterprise Application Integration (EAI) refers to the seamless incorporation of two or more enterprise computer applications to enable them operate as a single system using a combination of software, hardware, processes and standards (Goldstone Technologies Limited, n.d.). It facilitates the creation of a dynamic business environment by permitting organizations to integrate their business processes both internally, and externally with their partners. EAI developed in response to the progression in distributed computing and the emergence of open information systems. There are three models of integration of applications: presentation, data and functional integration (Kalyani, 2012). In these models, new software in ...
“Deli Online”Project Plan
[Student Id & Full Name]
[Student Id & Full Name]
Purpose of the Report
The report is to describe how to undertake the Deli Online case study which is intended at improving the business processes of the current business. It will describe what Alexander Deli will have to have in place to be able to achieve their objective. It will also describe the budget and a timeline for the entire project.
One of the findings is that the franchise operators will be able to access their business transactions online and in a secure manner. With a web-based technology, the franchise operators ...
20144 MGMT 4500 Sec 20SS
Business,Govt. and Society
Business Model at Devry University
With the large number of user now using the internet for e-learning, e-learning has become a very good source of information and continuing learning. That is why many universities including Harvard, Wharton are also offering online courses to be able to reach students from different parts of the world.
There are two types of business models being adopted by universities worldwide. One is offering the courses in various subjects free of cost. This is done as a part of social responsibility. The added ...
Business Model and strategic Plan for AB. Company Inc.
The business model explains the whole strategic plan of how to perform it. It builds a figure of the business, describing the ways for building relationships on both ends; suppliers and customers. In addition to these, it outlines the ways to compete in the market, and also how to employ the resources. In this report, the aim is to develop strategies for achieving a proposed business model and strategic plan for the new product of AB Company Inc., which will be implemented to achieve the strategic objectives.
Business Model and Strategic Plan
The business model ...
Soda Stream Business Model
The Business model of Soda Stream involves different business processes in the company. Firstly, Soda Stream has distinctive and elaborate operations. The operations facilities of the company comprise of eight filling and 14 manufacturing plants of carbon dioxide. The manufacturing facilities consist of different featured and distinctive facilities producing flavors, bottles, carbonator and soda makers. Additionally, the facilities included printing and plastic bottle blowing machines, machining and metal operations, and equipment for making different kinds of flavors. The business model of Soda Stream is ‘razor/razor blade’ model. This business model is different from the conventional business model of carbonated ...
Given the company’s previous performance (recurring monthly revenue base of $700), the fact that the product is already developed and can be resold millions of times without incurring increased variable costs makes this product/service attractive. Large customers have signed up, and the rate of customer/revenue recurrence is sizeable. The market opportunity appears promising. This is also emphasized by the fact that the product is targeted at four distinct markets. However, this business plan fails to give an estimate of the market size (size, characteristics, geographical distribution, lifestyles or incomes etc.). Further, the market analysis fails to achieve its ...
In the scope of this paper, the analysis of the business model was conducted from the perspective of the following aspects –as they are represented by the scholars in scientific literature: cost structure; key partners; central activities; major resources; value proposition; revenue structure; customer relationships; channel and customer segment. Additional emphasis was put on the case studies, which demonstrate effective utilization of the innovative business models
Key words: segmentation, business model, strategy, customers, planning.
THE BUSINESS MODEL CANVAS
First of all, in the scope of the business model canvas development, the cost structure would be discussed. In the scope of the article by ...
Amazon is one such organization that has a unique business model and has been able to satisfy the needs and wants of its consumers for the last two decades effectively (Amazon Overview, 2014).
The recent announcement of the e-commerce giant, with regards to launching the first ‘brick and mortar’ store in the middle of New York City to experiment face-to-face experience like traditional retailers, have received immense attention and represents a major shift from the current business model.
The move is a positive way forward for Amazon have been planning for many years to launch a brick and mortar ...
A prime land for development is located on Manse Road in Kinross, Milnathort in Scotland in the United Kingdom. This land is approximately 12.90. Prime land in this location is hard to find. This is because the locality is serene and away from the hustle and bustle of the metropolis, hence an attraction for wealthy people. As such, the property rates are always high. Nonetheless, the availability of this land for development presents a very good opportunity for commercial ventures. This business plan details the visualization of the business idea to be executed on this prime piece ...
Software package represents a group of programs that are shoved together to aid in a mutual resolution, and they include the source codes that would indicate how the package components are used. As a result, it becomes a better alternative to hiring a professional business plan consultant. However, there are various reasons why a majority of individuals might not wish to opt for a business software package based on the benefits and liabilities attributed to the business plan (Kenworthy & Rodrigues, 2008). The benefits attributed to using a software package in writing a business plan include but not limited to ...
- It is often stated that the process of writing a business plan is as important as the plan itself. Provide a rationale for agreement or disagreement to this statement. What is potentially gained from the writing process?
I agree with the statement that writing a business plan is as important as the actual plan. A business plan is a guiding roadmap which enables the entrepreneur to set the overall tone and direction of the business. A business plan is not necessarily a time consuming, highly formal and lengthy document. A single page with basic goals and strategies to achieve ...
One of the simplest ways to present the Groupon´s business model is to view its proposition as a global retailer of the products produced, manufactured and sold by other companies. The Groupon supply chain and end-to-end business model are based on two pillars: relations with businesses and final consumers. This complicates the way in which the company operates, as B2B business model is totally different from B2C relationships. To answer the question about the complexity of the work with Groupon, it is important to understand that Groupon is a profit organization. The breakeven point for the company also ...
1. Research Question:
Is the emergence of video streaming and Video-On-Demand (VOD) technologies posing a threat to the sustainability of Netflix’s business model?
2. Problem Definition:
Netflix is a household name in the media and entertainment industries, especially considering that it is has an unmatched client base in the movie industry (Kaplan 78). Established in the year 1997, Netflix, Inc is a corporation headquartered in Los Gatos, California. The organization offers DVD-by-Mail services at a flat rate subscription in the United States. It started offering such services in the year 1999 and by 2009; the organization had 10 ...
It is conceptualized that any organization that effectively embraces strategic planning will record better results as compared to those that have not. The general relationship between strategic planning and business planning becomes apparent since strategic planning is aimed at guiding various program internally in the organization, while the business plan is mostly intended to be used even by the external parties (Dunworth, & Saiger, 2008, p.17). In regard to program planning, it becomes imperative for the nursing practitioner to adopt both the strategic and business planning approach so that the program designed becomes effective and have the ability of maximizing ...
The Internet gave yahoo a field to grow in to a transnational company. The yahoo business model was created to be an internet search engine, display ads and an electronic mail provider. However, due to disruptive technology yahoo business model has had to adapt to the external environment competition (Levene, 2010, p.97). Given that the internet gave way to innovators creating different software, yahoo has had to change their business model and marketing structure in order to maintain or gain more market share. Gaining more market share is crucial because the company can maximize its profits. However, yahoo business ...
Apple utilizes business strategies that are unique and of great help to the company. The business strategies that are utilized by the company help it to compete with other companies in the world that offer similar products with those that the company produces. For starters, the company releases products that are highly anticipated by the high end consumers in small quantity. This strategy is important to the company as a target market for the products is clearly defined and identified. Apple also majors on producing the best products that have made great advances in technology and are artistic in ...
In the face of intense dynamism and competition in businesses, there is need for business people to adopt business models that assure them of sustainability. This essay explores the Role of external factors of demand play in successful business models, discusses “Business Model Design and Innovation” and also highlights the challenges involved in “Business Model Design and Innovation”.
Business models refer to the foundations of creating, capturing and delivering value to customers. External factors of demand are the influences beyond the control of the business person that are bond to impact on the demand of goods and/or services ...
The term innovation has attained the status of a “mantra” in many developed nations. The aspects of innovation and creativity are commonly interlinked, yet confused with each other. Creativity is the ability to rethink an issue in a completely new way, backed by the profusion of relevant and diverse knowledge. Creativity calls for the ability to analyze the situation at hand with rationale. Innovation, on the contrary, can be termed as transformation of knowledge into material benefit. Innovation, therefore, creates new growth strategies, new products range, services or business models that can make the difference, thereby generating significant worth ...
The objective of business modeling is to collaborate specific goals for businesses and organizations and forming them as part of a whole of a business strategy. Businesses and organizations, particularly large ones with multitudes of divisions and departments, follow integrated practices, although separately, but work toward achieving the same results. The dynamics of business modeling is set to create a renowned value for an organization’s structure, infrastructure and policies. In theory and practice core values are what form an organization’s rationale such as social, economic, or cultural. Seemingly internal stakeholders are often oblivious to applications as ...
For many who aspire to become entrepreneurs, the task of starting a business appears quite daunting. While launching an enterprise is a risky decision that carries with it a fair share of challenges and hurdles, if done in a proper and planned manner, the venture can be turned into a surprisingly simple affair. This report outlines a few steps that must be taken to a start a successful business. Broadly, the steps include considering one’s suitability for starting a company, brainstorming business ideas, coming up with a business plan with respect to business objectives, location, finances and potential ...
Final project plan
Information technology is an important aspect of business processes. There is a need to have information technologies put in place to ensure that the business processes that are included in the company. For these information systems to be integrated in the company there is a need to have the infrastructure of the company and the processes aligned and prepared for effective service delivery. There is a need to have infrastructure in place to make sure that the capacity of the new systems is supported. The information systems are required to ensure that the data flow and flow ...
In the current world, globalization has led to improved and advanced levels of technology with the aim of diversification and expansion of markets around the world. Business organizations have resulted into new strategies that allow efficient market operations. For instance, implementation of E-business practice in an organization has resulted in a significant effect on performance and production capacity. As a result of internationalization, many business organizations have opted high technology business strategy in improving sales, management, and financial services among others.
E-business strategy is an important aspect of a business entity as it has myriad advantages over the traditional ...
What do accountants mean by a Business Model, and how does this definition differ, if at all, from that of Teece (2010)? 2
Choose a listed company and describe from the Annual Report what the Business Model of the entity is? 3
What do accountants mean by a Business Model, and how does this definition differ, if at all, from that of Teece (2010)?
Katherine Schipper, talks about business model from an accountant´s point of view, saying that the business model is the use of several transactions of goods and financial resources looking after a profit ...
Business Plan Summary
Business Plan Summary
Executive Summary 3
Management Team 4
Competitive Analysis 5
The Marketing Plan 6
Operational Plan 6
Development Plan 7
Risk and Mitigation Factors 7
Financial Plan 7
Projected Income Statement 7
Projected Balance Sheet 8
Projected Cash Flow 9
Sensitivity Analysis and Mitigation Measures 9
The Children World Business Plan Summary
Playing is a very important aspect of the general development of children because it helps them develop some of their talents that could not have been identified earlier. Playing also helps children develop their motor skills, social skills as well as cognitive thinking. Although there are ...
Business Model of Instagram
In the modern business world, the success of a business is greatly influenced by the Business Model adopted. A business model can be simply described as a program that details on the ways and means through which a business intends to generate profits from innovations (Slideshare 1). Instagram is an example of a business which has a well defined program through which it is supposed to make business gain (Griffin and Media para 2). Instagram as a brand is a universal online website and mobile application which allows users to communicate and store information by uploading and sharing ...
Business Strategy and Mission
The strategy and mission of a firm are two closely relate concepts that are arguably inseparable. The mission which is the ultimate goal, for which the organization exists, is usually a long-term objective which the firm seeks to achieve (Advertising Educational Foundation 2008). To attain the ultimate achievement, the management draws tailored strategies, with clear, executable goals, which are implemented with a view to realizing the mission. Accordingly, a business organization’s mission is dependent on the effective execution of a strategy, while the latter depends on a clear mission.
The resource-based view of a firm focuses on an ...
Business model analysis
Business model Analysis
Following a critical analysis of the case study of cable ways ltd provided multiple aspects of the customer segment and key activities were identified.
- Some of the groups cable ways ltd aims to serve are in the telecommunications, security, entertainment, and healthcare sectors of the economy. However, the telecommunication industry forms the major customer segment.
- The organization’s customer types are both individual and corporate clients.
- Customer needs met by cable ways ltd include;
Fibre optic solutions, healthcare equipment needs, plant cabinets needs as well as universal mounting system needs.
- Value preposition: the organization seeks to offer customized solutions to suit the customers’ needs in the different sectors ...
How to start a business from scratch? This question is often asked by employees who are tired of working for someone else, or have reached the "ceiling" in their already existing business. At the same time, reasons that drive people to creating their own business are very different. For some of them — it is an opportunity for self-realization, for others — it is a way to earn money and be independent, for the third — a departure from unemployment. However desire is just the beginning, but what does one need to do next?
The first, and the most important thing is ...
The growth of monolo blahnik business models are about changed by process environments themselves. This is achieved through visual derivative of existing models that support various complex business tools. This is developmental and offers special business processes that are visualized and projected to create adequate environment for carrying out user based business activities. The techniques are themselves created through aided business processes such as having more secured 3D business implementations. In the development of simulated business strands, the process is actually achieved through repeated interpretation of various inclusions such as the hypothesized group derivative and uncalculated in order to ...
- Perform an ethical analysis of Facebook. What is the ethical dilemma presented by this case?
The ethical issue presented in this case involves how Facebook has used the personal information of its million users to make huge profits through advertising. Most of its revenue has been generated from the advertising. Based on the case study this has constituted 85% of the total revenue that they earned in 2011. The amount of personal information gathered by Facebook becomes a problem since it can be used to harm the user in so many different ways. Despite the fact that people ...
The world outsourcing is a common word used in today’s business processes. Outsourcing means that a company will delegate a particular business process to a party that is not a part of the company (“third party”). The third party offers benefits, apart from being able to fulfil the required work, that the organization will benefit from. When outsourcing is conducted outside the home country of the business organization that seeks it, it is called “off shoring” .
Outsourcing is a very controversial issue, especially in the United States. The detractors of outsourcing say that America is sending its jobs ...
Today more than ever, we are appreciative of “innovation”. The word “innovation” means the discovery and application of a new solution for an equally new requirement. This requirement may already be existing or may arise from needs that are yet to be fulfilled. These needs may be in the form of products or services, technologies or process or simply ideas that are provided to us by private groups, by society in general or by governments. When these needs are fulfilled in a new and fresh way, it is called an “innovation” .
Business and innovation come hand in hand. Many ...
There are many differences between family-owned businesses and franchise businesses. Family businesses are often businesses that are owned and operated by a single or group of families, or by a few individuals from the same family group (Sullivan). Family businesses are most often opened in hopes of filling a certain niche within a market, and are controlled exclusively by the individuals within the family, or individuals that the family allow to participate in the business. Jus
t because a business is family-owned does not mean that the business cannot be publically-traded or very large; however, when referring to the ...
Insourcing and Implementation
Insourcing refers to the internal allocation of business activities within an organization (Schniederjans and Schniederjans, 2005). Thus, the services to be provided are normally done by an internal department in the organization. Organizations choose to insource their business processes when they feel they have the capacity to run their business processes satisfactory and efficiently (Sounderpandian and Sinha, 2007). Additionally, organizations will choose to insource their business process in cases where they want retain certain skills in their organizations. This is especially the case where the skills give the organization a competitive advantage over its business rivals (Sounderpandian and Sinha, ...
BUSINESS PLAN -TIMELINES
This document is a business plan covering time lines of major activities that Dalnin intends to achieve over a short and long term basis. The document further brings out the interrelationship among the targeted activities, assumptions made during the planning, potentials risks that the firm is likely to experience and finally, the befits the society will be enjoying from Dalnim.
Dalnim is a sole proprietorship firm located at down town Manchester City. The firm is in the business of selling suits for business ladies that are of high quality and at affordable prices. The firm ...
NIBCO implemented ERP system from SAP because they would have many benefits from the program. ERP systems have been the most reliable and trusted tools that can bring the information various departments. The SAP ERP system serves as a central database that is used for information feeding for the various modules that make the ERP system. The modules operate in a common platform. With the use of ERP systems, the data will have one uniform standard and format. The ERP system, in this case, provide data which are consistent and of high integrity. One direct benefit if this feature ...
Part B: Analyzing the New (Maui) Sandal Line
The concept of the learning curve introduces a new dimension; that of the initial units requiring more hours of production as compared to the later units to be produced once the production kicks off. To analyze these costs, a learning curve model must be used. Each of the month’s budgeted production units must be run in the model separately. The learning curve is used since it explains the process of learning a process in the production of a product. For this analysis, a learning curve is used. In ...
The business plan for a new girls home, shows great forethought into the challenges and advantages of residential treatment. By fully understanding all of the aspects associated with a good business plan one can improve the likelihood of implementing a successful business within a community.
This plan does a good job of developing a business concept that will always have a strong customer base that is not likely to diminish. “People of every age, race, sex, religion and socioeconomic status are affected.” (Krizmanich, 2012). Also the author of the plan has shown an understanding of the complex ...
Last Name: Click here to enter text.
What are the similarities between “reengineering” the shop floor (manufacturing) and reengineering business processes like order fulfillment?
Why has there been resistance towards BPR? What tried John Deere to overcome it? What downsides are connected to these attempts to overcome the resistance?
There were various similarities betwee the reengineering process of the shop floor and business processes like fulfillment of order. This was exemplified by application of procedures which resembled each other in these two processes. Before implementing the reengineering process, those involved conducted a pilot survey which helped in determining the procedure ...
1. Why is it important for Information Technology to be involved in the overall strategy of a business?
Corporate strategy involves the formulation of decision patterns that will define and address the corporate goals and objectives. In order for the corporate managers to examine objectively and efficiently the needs of the organization and to adopt the appropriate business strategy to use, the adoption of information technology plays a major role in the achievement of gathering an accurate information that needs to be processed. The technological perspective of adopting a solid and well founded corporate decision making is well emphasized ...
Business Plan Process Analysis
Background and Knowledge Accumulation
Development of a business plan is an essential process for the success of any business and especially for the start-ups. New entrepreneurs are faced with the difficult task of developing a successful idea that will see them through in growing and developing a successful business. There are various steps involved in the process of developing a successful business plan. The process of developing a business plan starts with the development of the idea, which will form the basis of the business creation. The idea is then moved in the incubation process, where the entrepreneur consciously ...
1. What do you think about the privatization of prisons?
Privatization of prisons seems a good and beautiful idea from the outside, but its effects are quite negative. Privatization is usually employed by governments to spur efficiency, cost savings and competition. Therefore, privatization is aimed at increasing profits. When this idea is applied to prisons, it does not achieve any meaningful benefit. For prisons to benefit, they have to keep more people locked up. According to ACLU (2012), the business model of private prison companies is dependent on locking up more and more individuals. This has led to massive ...
ANSWER # 1: GLOBAL REPORTING INITIATIVE (GRI)
Global Reporting Initiative (GRI) is a non-profit organization which is established to provide guidelines to the businesses to develop business conduct integrating sustainability as key measure. GRI requires businesses to integrate social and environmental justice and care in business core objectives along with profitability as primary objective. GRI is world’s first organization that requires business to develop business model that adheres to the principle of social, economic, and environmental sustainability as designed by global network of sustainability experts. For this purpose, GRI has developed guidelines requiring businesses to provide organization’s strategy and analysis, with management approach towards ...
Two phenomenons have had a largest affect on modern day business operations; globalization and technological advance. (Weil & Vitale, 2001) In the face of the two, entrepreneurs have not been left out in utilizing massive opportunities that they avail by designing new ways of doing business including the e-business platform. However, the change brings with it an equal measure of challenges to the business arena hence a need to devise effective ways of managing the risks involved. Some of the greatest risks in the e-business threaten sustainability of the model’s effective supply chain as well as operations. (Porter, 1991) ...