Essays on Walczak

BUSINESS DECISION MAKING

Business Decision-Making Question 1

Another key feature that may hinder effective launch of the project within a period of 12 weeks is that some of the activities are considered as being critical for the project leading to a situation where the management may opt to focus more on such activities. It would be important for the management to ensure that it takes caution as a way of promoting overall success when dealing with critical activities. From the list of activities, the earliest activity will be activity D, which focuses on the assembly of all the key items that would ...

Introduction

Specific Information and communication technologies including the internet has significantly changed the way economic transactions occur (Niranjanamurthy, 2014, p. 670). Online shopping has become a modern day concept for customers all over the world. It has made shopping more effortless; prices can be compared and customers can review products and services before a purchase decision is reached (ALraja and Aref, 2015, p. 913). The online consumer behavior has now become a major research area for both psychologists and information technology scholars with most research areas being an analysis of how consumers become adopted to the use of online stores. ...

Improving Knowledge Management Through Organizational Structure

Improving Knowledge Management Through Structure In today’s information-rich and competitive business environment, successful knowledge management is vital to an organization’s performance. Firms must find effective ways to manage the large amount of available information and get it in the right hands so it can be utilized for the company’s benefit. The efficiency of knowledge is creation and employment is affected by many factors, including technology, leadership, and culture. One avenue to improving knowledge management performance is through the manipulation of organizational structure.

Knowledge has become a core resource for businesses. Knowledge in this context “is defined ...

Roles and goals of budgeting: I was inspired by the ideas of budgeting expressed in the course. The concept made me realize that for any kind of financial planning, the importance of budgeting cannot be ignored. The role of budgeting is so important that a financial venture without proper budgeting may fail in achieving its goals. Therefore, proper budgeting is highly required. Furthermore, it must be observed that if the actual budget has exceeded the expected budget what were the reasons that caused this to happen? Identification of variances: In any financial venture, there are always pre-determined standards that ...