...2012). The fundamental advantage of ERP is that integrating the myriad processes by which businesses operate saves time and expense. Decisions can be made more quickly and with fewer errors. Data becomes visible across the organization (Vikki, 2010). The disadvantages comes from the tight budget organizations allocate to personnel training thus resulting inadequate use of ERP systems and poor testing and implementing of changes. The experience and skill of the personnel has a major influence on the efficiency of the ERP systems. (Mutt, Nick. N.d). There are several organizations that choose ERP as an option. They have to go through several stages to reach the successful and final stage, which will be finalizing the process of the implementation including stress testing and the assurance of information. I have found three sources, scenarios the...
Words: 2496 - Pages: 10
...Describe the industry within with the organisation operates, and identify and describe the following:- a) The role Information Systems (IS) currently play in the industry. b) The changes within Information Systems which are contributing to changes within the industry and how? THE TRADE INDUSTRY The Traditional Trade Industry The Trade Industry contributes to a significant amount Gross Domestic Product (GDP) in countries. In the 1900’s the trade industry was costly and time consuming for good to leave one border to another. The trade industry was termed one of cargo shipping and container trucking. Global Trade Industry (Modern) A revolution has slowly been taking place where technology and Information Systems are being added to the International Trade Industry. State of the art Port with High Tech machinery is being added to the developed countries such as The United States of America. Software are used to track the movement of goods and also inventory levels. The Modern Trade Industry is making Global Trade more visible, efficient and flexible. Local Trade Industry Trinidad and Tobago is a small and developing country faced with exacerbated effects of Information Systems Changes in The Trade Industry. Trinidad and Tobago currently trades locally, regionally and internationally. The economy is importing more that it is exporting. The challenges the Trade Industry in Trinidad and Tobago faces are keeping up with the effects of technology and Information...
Words: 1249 - Pages: 5
...Management practices in the Euro area, with the special emphasis on the region of South Eastern Europe. The companies chosen in the report are coming from the various industries, whereas 3 of them are from retailing area, 3 from manufacturing industry and 4 from the servicing industry. Given that the seven of them can be described as multinational companies, it is expected to have results that will support differences in TQM adoption, regarding the transfer of practices and obstacles observed, when compared with the different regions in the world, especially with the early adopters, such as Japan and United States of America. In addition, it is of importance to state that in the testing process the Statistical Package for Social Science, Version 16, was used and that the exploration of the tests are in compliance with the framework proposed. The report starts with the brief introduction, then proceeds to the brief literature review that synthesizes expectations of the tests, that are fully explained and utilized, and concludes with proposals and remarks for the further tests and explorations. Literature review “Characteristic or standard measure of excellence; basic characteristic of something. Quality is a measure of the degree to which something meets a standard” (Jack P. Friedman Barron's Dictionary of Business Terms, 2001.) Total Quality Management (TQM) can be described nowadays as an established concept that manages to capture various improvement mechanisms through...
Words: 3502 - Pages: 15
...Team A Date: Sunday, March 30th, 2014 Subject: Company Strategic Goals and a Project Portfolio Management Process EXECUTIVE SUMMARY: The 2014 Cruise Industry report indicates that the cruise line industry will continue its global presences and with the economy in an ongoing recovery mode, the Oasis Cruise Line & Travel Company is anticipating a positive year of growth and expansion. Our organization, Oasis Cruise Line & Travel Company is fortunate enough to have a viable Strategic Business Unit (SBU) team that can analyze and develop our company’s organizational strategy aimed at generating future business and/or revenue. Our SBU Operations team supports the company’s key business objectives in the Project Portfolio Evaluation and Selection process by conducting the following: * Clarifying the various projects and missions of the company * Defining the best business approach for each project * Surveying the landscape and the environment for future growth and development * An internal and external appraisal of the projects * Setting the corporate objectives with each project * Assisting in the formulation of the corporate strategy * Finally, monitoring the project strategy for corporate success In order for our company to stay competitive and be successful we must embrace the PPM business practices that can generate more value with our project selection to make better, more informed, and more cost-effective decisions on an on-going and regular...
Words: 1918 - Pages: 8
...of Wisconsin–Milwaukee ABSTRACT: In recent years, information technology (IT) has played a critical role in the services provided by the public accounting industry. However, no empirical research has evaluated the impact of IT on public accounting firms. This study focuses on five offices of an international public accounting firm that recently made large IT investments, primarily in audit software and knowledge-sharing applications. Both qualitative and quantitative information from the research site are analyzed to estimate the change in productivity following the implementation of IT. The results from both regression analysis and Data Envelopment Analysis (DEA) indicate significant productivity gains following IT implementation, documenting the value impact of IT in a public accounting firm. Keywords: public accounting; information technology (IT); IT productivity; IT adoption; data envelopment analysis. Data Availability: The confidentiality agreement with the firm that provided the data for this study precludes revealing its identity and disseminating detailed data without its written consent. I. INTRODUCTION dvances in information technology (IT) have transformed many firms in professional services industries, but perhaps none as much as those in the public accounting industry. Once a slowpaced and conservative industry, public accounting underwent tremendous changes at the turn of the millennium, sparked largely by the rapid changes in its IT environment (Elliott 2000)....
Words: 8102 - Pages: 33
...Amol Subhash Kadam Assistant Professor Kamaladevi College of Arts & Commerce Vitthalwadi-East Email-Id :- kadam.a333@gmail.com Contact No:- 9029787363 ICT AND ITS IMPACT ON ECONOMIC GROWTH Exploring the growth potential of ICT ------------------------------------------------- Abstract: ------------------------------------------------- Past decade saw the growth of service sector and marveled on the growing potential of the IT industry. This became more relevant if we see the exponential growth of Internet along with T.V and Radio. So Information Technology (IT) along with Communication Technology (C.T) converges to give us a unique combination of ICT-Information and Communication Technology. This paper attempts to understand the contribution of ICT in the growth story of India. It analyzes the contribution towards growth with the help of four major components of ICT: Internet, Telecom, IT sector, T.V and Radio. The paper presents data and statistics providing sample evidence of the ever growing contributions of ICT towards income generation and employment for the country and thus having a major economical impact. Finally the paper concludes with the fact that it is high time to acknowledge the relevance of ICT within the service sector and growth cannot be looked exclusive of it. Information and Communication Technology:- Number of different studies find that there is a positive impact of the spread of ICT on national output (Röller and Waverman...
Words: 2424 - Pages: 10
...ERP, SCM, and CRM system implementations Kevin B. Hendricks a,1, Vinod R. Singhal b,*, Jeff K. Stratman b,2 b Richard Ivey School of Business, The University of Western Ontario, London, Ont., Canada N6A-3K7 College of Management, Georgia Institute of Technology, 800 West Peachtree St., NW, Atlanta, GA 30332-0520, United States Available online 23 March 2006 a Abstract This paper documents the effect of investments in Enterprise Resource Planning (ERP), Supply Chain Management (SCM), and Customer Relationship Management (CRM) systems on a firm’s long-term stock price performance and profitability measures such as return on assets and return on sales. The results are based on a sample of 186 announcements of ERP implementations, 140 SCM implementations, and 80 CRM implementations. Our analysis of the financial benefits of these implementations yields mixed results. In the case of ERP systems, we observe some evidence of improvements in profitability but not in stock returns. The results for improvements in profitability are stronger in the case of early adopters of ERP systems. On average, adopters of SCM system experience positive stock returns as well as improvements in profitability. There is no evidence of improvements in stock returns or profitability for firms that have invested in CRM. Although our results are not uniformly positive across the different enterprise systems (ES), they are encouraging in the sense that despite the high implementation costs, we do not find persistent...
Words: 13588 - Pages: 55
...Wisconsin–Milwaukee ABSTRACT: In recent years, information technology (IT) has played a critical role in the services provided by the public accounting industry. However, no empirical research has evaluated the impact of IT on public accounting firms. This study focuses on five offices of an international public accounting firm that recently made large IT investments, primarily in audit software and knowledge-sharing applications. Both qualitative and quantitative information from the research site are analyzed to estimate the change in productivity following the implementation of IT. The results from both regression analysis and Data Envelopment Analysis (DEA) indicate significant productivity gains following IT implementation, documenting the value impact of IT in a public accounting firm. Keywords: public accounting; information technology (IT); IT productivity; IT adoption; data envelopment analysis. Data Availability: The confidentiality agreement with the firm that provided the data for this study precludes revealing its identity and disseminating detailed data without its written consent. I. INTRODUCTION dvances in information technology (IT) have transformed many firms in professional services industries, but perhaps none as much as those in the public accounting industry. Once a slowpaced and conservative industry, public accounting underwent tremendous changes at the turn of the millennium, sparked largely by the rapid changes in its IT environment (Elliott...
Words: 8102 - Pages: 33
...Strategic Plan Drew Luke University of Phoenix STR/581 – Strategic Planning & Implementation Paul Sam December 9, 2010 Week 6 Table of Contents Executive Summary Page 3 Company Background Page 3 - 5 Environmental Scan Page 5 - 11 Organizational Strategy Page 11 - 14 Implementation Plan Page 14 - 16 Risk Management Plan Page 16 - 17 Strategic Plan This paper will compile the various assignments from previous weeks to establish a completed strategic plan. An executive summary will be provided, along with the company’s background, mission, vision, and value statements. Additionally the previously constructed environmental scan will be further illustrated. The selected business strategy will be discussed. The final components of this plan will include the implementation and risk management plan. As previously mentioned the company being discussed is that of “Dreamz” a wedding planning business. Executive Summary The report following this summary is that of a strategic plan for “Dreamz” a wedding consulting firm. The company’s core values are based around taking a clients dream and making a reality, and to do all the work so they can enjoy the party. “Dreamz” is designed to meet with clients to discuss what they consider to be their dream wedding. Based on this meeting the consultant will begin to pull resources from the various vendors which “Dreamz” has partnered with. Once the package has been pulled together the complete...
Words: 4909 - Pages: 20
...beginning, I/O psychology was wholly concerned with the industrial side of the field—which concentrated on the management aspects of business and emphasized human resources—as opposed to the organization side, which is concerned with improving work conditions in the workplace. Yet, as the field has grown over the years it has come to include the full spectrum of industry and organization. Strictly speaking, I/O psychology is defined as, “…an applied field that is concerned with the development and application of scientific principles to the workplace” (Spector, 2008, p. 5). On a practical level, the aim of I/O psychology is to, “…improve the quality of the environment for employees as well as to increase the effectiveness and efficiency of employee behavior in that environment” (Barnes-Holmes et. al., 2006, p. 56). The concise definition and practical application of I/O psychology are only the capstone to an understanding of the length and breadth of the field. A full examination of the evolution of I/O psychology as well as an explanation of the role that research and statistics play in I/O psychology are needed to form the foundation on which the capstone is placed. Evolution of I/O Psychology I/O psychology has its roots in the late 1800s and early 1900s when early psychologists were trying to apply the theories of psychology to the organization of business (Spector, 2008). Two scientists are attributed with the founding work of I/O psychology: Huge Munsterberg and Walter Dill Scott...
Words: 1389 - Pages: 6
...campaigns, for example. Thus, communication networks have vastly expanded, enabling businesses to reach out to thousands of consumers, clients, and strategic partners. However, for Internet ventures to succeed, identity branding should be considered. Understanding Internet marketing strategies and how to build and secure an online presence will help you brand your Internet identity in the marketplace. eMarketing Overview In business, developing an Internet branding treatment requires significant pre-planning. It’s always wise to review industry marketing standards and current online business trends. Familiarizing yourself with eMarketing principles and promotional techniques will give you a great head start at transferring your marketing plan to an online platform. Cameron has just checked the number of visitors and new e-mail inquiries on her organization's recently created Web site. It's looking good! She gets to work answering as many inquiries as she can before lunch. In a similar organization, Jill is using the Internet to read the latest industry trade publications. She comes across Cameron's Web site. Jill is impressed. She's thought about creating an organizational Web site before, but feels that the market isn't big enough to warrant one right now. Cameron and Jill display very different approaches toward marketing on the Internet. The Internet continues to be the best bet for someone interested in expanding and improving market reach. Many organizations have realized...
Words: 1742 - Pages: 7
...Strategic Integration of Recruitment Practices and Its Impact on Performance in Indian Enterprises Ashok Chanda, Trapti Bansal & Rupal Chanda Abstract Recruitment and selection is a foundation of human resource management (HRM) practices and its integration to business is critical to achieve organisational strategic goals. However, little research has to date examined strategic integration in this specific human resource (HR) practice, and, therefore, little is known about the level and application of recruitment and selection strategic integration a situation that warrants greater investment due to the economic growth in India in a corresponding expansion of Indian enterprises. Consequently, this study investigates the level at which recruitment and selection practices integrate with business strategies and the relative effects of different levels of such strategic integration on organisational performance in 259 Indian enterprises. The results show the majority of Indian enterprises had a high level of recruitment and selection strategic integration in business strategy formulation and implementation. Moreover, the level of recruitment and selection strategic integration was positively related to growth in market share, profits and sales, employees’ satisfaction, employees’ productivity, and negatively related to employees’ turnover. The implications for HRM practitioners and further research are discussed. Introduction Recruitment and selection is the process of attracting...
Words: 7353 - Pages: 30
...establish itself as a dominant player within the industry. This report examines the current competition in the tablet market as well as the segmentation process of determining which consumers the PlayBook will focus on targeting. Through an in-depth analysis, the United States will be chosen to begin the launch of the PlayBook. This country has the highest number of corporate users; this is a critical characteristic to RIM. The company will be focusing on the product’s high level of security, which is most attractive to these consumers due to the nature of their careers. By promoting its product to a segment of consumers who have yet to be satisfied with excellent privacy encryption technology, RIM will achieve a competitive advantage and gain the loyalty of these customers who rely on the protection of sensitive information. Concluding this report will be the implementation process needed to succeed in launching the PlayBook. The marketing plan spans over a two-year time period which will project RIM’s PlayBook into the tablet market strategically. These methods include heavy promotional and advertising activities, the official launch of the PlayBook into the United States, and draws to a close by how RIM can utilize its strengths to assist the company into having a successful future in this industry. Overview Introduction As a new entrant to the tablet industry, Research In Motion will face many challenges in this...
Words: 2978 - Pages: 12
...association between ABC and improvement in ROI when ABC is used concurrently with other strategic initiatives, when implemented in complex and diverse firms, when used in environments where costs are relatively important, and when there are limited numbers of intra-company transactions. In addition, measures of success of ABC used in prior research appear to be predictors of improvement in financial performance. c 2002 Elsevier Science Ltd. All rights reserved. Key words: activity-based costing; new business initiatives; ABC success; structural equation models. 1. Introduction Activity-based costing1 (ABC) has been promoted and adopted as a basis for making strategic decisions and for improving profit performance for over a decade *Assistant Professor of Accounting, School of Business, University of Texas at Brownsville, Brownsville, TX 78520, U.S.A. Tel: (956) 983-7300. E-mail: dcagwin@utb1.utb.edu. †Ralph L. McQueen Associate Professor of Accounting, Sam M. Walton College of Business, University of Arkansas, Fayetteville, AR 72701, U.S.A. Tel: (501)...
Words: 17068 - Pages: 69
...and Technology, Vol. 3, No. 1, 2011 19 Implementation of Six Sigma in Indian industries – a Delphi study R.K. Padhy and S. Sahu* Department of Industrial Engg. & Mgmt., Indian Institute of Technology, Kharagpur-721302, India E-mail: rkpadhy@iem.iitkgp.ernet.in E-mail: sahus@mech.iitkgp.ernet.in *Corresponding author R.K. Das Department of Mechanical Engg., College of Engg. & Technology, Bhubaneswar-751003, India E-mail: ranjitdas@gmail.com Abstract: A Delphi study was carried out to review and analyse the critical issues that affect Six Sigma initiatives in Indian context. This research is aimed at assisting Six Sigma management professionals, researchers and organisations to gain a better understanding of the critical factors that affect the successful implementation of the programme in India, and its future evolution. Consensus among experts has been arrived upon various issues related to implementation of Six Sigma. The expert opinions invited on various issues have been discussed in the context of present scenario. The main consensual issues as prioritised by the experts are top management commitment, developing an effective system for project selection, monitoring and selection of right people, with strong emphasis on training. The experts’ priorities also focus on effective resource management and communication system. Based on the conclusion drawn from the study and literature reviewed, the effective implementation of Six Sigma also warrants the identification...
Words: 5129 - Pages: 21
