...Innovation Innovation is an essential element for any organization in order to survive, grow and significantly influence the direction of any industry. Development does not; however, guarantee success, but most be followed up with successive streams of innovation and change, from the incremental to the radical. The most reliable way to be successful in the industry is to innovate better and longer than the competitor, leading companies develops innovation portfolios that they can use to help sustain growth over the long term. Innovation and change is an essential part of any business activity, but only some people recognize its importance and significance. Often, management fails to notice the implication of innovation and change, which becomes the reason of the change failure. Innovation can be summarized in two main areas: innovation is doing something nobody has done in the history of the world or do something that we have not done before. Innovation does not always fit with what we do, and a lot of new opportunities that are found in the company do not sit well with her. So the first step is to create a "space" where these opportunities can be developed, at their own pace and without neglecting the routine tasks. It is therefore; necessary to release resources to enable people to experiment with these new ideas. It is also necessary that senior management is involved in the process, providing assistance in various stages, and the ability to take the opportunities found...
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...complexity. Navigating data-rich environments discuss the use about tools such as, data mining and data warehousing in business decisions. "Divining trends from weak signals in huge databases and making sense of them to understand consumer behavior, internal costs and supplier performance have come center stage in the past decade" (Hoch, Kunreuther, & Gunther, 2001, pg. 121). Nowadays, databases are available for research what happened in the past, this information help enterprises make decisions that will have a future impact in their companies. Wiederhold (2000) stated, today, databases, and web-based resources, accessed through effective communications, make information about the past rapidly available. Decision makers have to use intuition or prediction tools to use the information obtained from the databases. A good example would be on insurance companies using databases to determine their risk portfolios for a specific geographical area. The company would have to consider certain aspects, like,...
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...THESE NUMBERS-08068231953,08168759420 WE WILL THEN SEND YOU THE ABSTRACT,TABLE OF CONTENT AND CHAPTER ONE FOR FREE NOTE ALSO: IF YOU ALREADY HAVE AN APPROVED PROJECT TOPIC THAT IS NOT ON OUR WEBSITE,WE CAN ALSO DEVELOP IT FOR YOU.WE WILL SEND YOU THE ABSTRACT,TABLE OF CONTENT AND CHAPTER ONE FOR FREE WITHIN 48 HOURS JUST SEND THE APPROVED TOPIC TO 08068231953,08168759420 PROJECT TOPICS IN ECONOMICS: 1. URBANIZATION A PROBLEM TO FOOD PRODUCTION AND AGRICULTURAL DEVELOPMENT. (A CASE STUDY OF ENUGU STATE) ( 5 chapters and 62 pages) 2. CAREER OPPORTUNITIES FOR ADULT EDUCATION GRADUATES IN ENUGU STATE NIGERIA)(5 chapters and 76 pages) 3. THE GROWTH OF INDIGENOUS FIRMS IN NIGERIA PROBLEMS AND PROSPECTS: (A CASE STUDY OF AJAOKUTA STEEL COMPANY LIMITED IN KOGI STATE) ) ( 3 chapters and 37 pages) 4. TRAINING AND DEVELOPMENT PREREQUISITE FOR HIGH PRODUCTIVITY (A CASE STUDY OF BEECHAM PLC) ( 3 chapters and 38 pages) 5. EMPLOYEE MOTIVATION AND PRODUCTIVITY (A CASE STUDY OF ESUT, ENUGU) (5 chapters and 69 pages) 6. THE ROLE OF PLANNING AND FORECASTING IN BUSINESS...
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... that affect the way data is utilized within businesses. The technologies available with business intelligence focus on utilizing the data within a company the best possible way. The successfulness of business intelligence relies on the constant evolving of the solutions as well as the scalability of the program. Business intelligence solutions are available in self- service options as well mobile choices and use on the cloud. Business intelligence has and is making a big impact on companies all over the world in many different ways. Business Intelligence is a set or collection of concepts, procedures, styles, and technologies that change basic data into beneficial and valuable information for business related purposes. One main purpose of business intelligence is to take on large amounts of indistinct data in order to piece together and create new opportunities for a variety of business types. (Cooper & Schindler, 2014)The incorporation of business intelligence helps businesses process large amounts of data easily in order for the business to take on new prospects and put into place new and effective strategies for the business to gain market advantage and achieve long-term stability. (Jullens, 2013) The technologies utilized by business intelligence incorporate past, present and future possibilities for business procedures. Business intelligence utilizes presentations and technologies to collect, accumulate, examine and provide access to data to...
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...Case Assignment week #2 The Creation of Geek Squad Technology has made communication easier and quicker while at home and while out running errands. It is constantly and persistently changing and advancing around us every day. The first key environmental factor that created an opportunity for Robert Stephens to start the Geek Squad was realizing that being attempted to stay aware of the numerous environmental changes has brought on chaos and will proceed so as long there is innovation, “particularly those related to computers, technology, software, communication, and entertainment” (Kerin, 85). Many consumers had trouble and found it hard installing, operating, and using electronic products. Some of them complains that it takes time to read the manuals. However, that being the second key environmental factor, Robert Stephens, founder of the technology support company Greek Squad, came up with the solution: “I’m going to save you that time because I stay home on Saturday nights and read them for you” (85). Stephens gave up on everything that he has gained, such as an Art Institute scholarship looking forward to get his degree in Computer Science. While student he took a part time job for a research laboratory and began repairing televisions, computers, and a variety of other items. He realized that most people needed some sort of technologic help and that “they saw value in a service whose employees would show up at a specified time, be friendly, use understandable language...
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...Indra Nooyi, and Brenda Barnes. It will include an introduction to the concept of influence processes, a summary of the various types of influence processes and the factors that can affect them, and an analysis of the processes used by the three leaders. It will also identify the processes that the leaders and top management team (TMT) are using to impact the organization. Influence Processes Influence processes are the processes a leader will use to influence their employees. There are four types of influence processes which are high-control innovator, status quo guardian, participative innovator, and process manager. There are six factors that could affect these influence processes, which are environment, structure, leadership, technology, strategy, and culture (Nahavandi, 2006). Andrea Jung, Indra Nooyi, and Brenda Barnes are three leaders with different leadership skills. A high challenge seeking leader with a desire for high control is a high-control innovator or HCI. This leader will maintain tight control of the organization while seeking a challenge. A high challenge seeking leader with a desire for low control is a participative innovator or PI. This leader will delegate control of the organization while seeking a challenge. A low challenge seeking leader with a desire for high control is a status quo guardian or SQG. This leader will maintain tight control of the organization while averting a challenge. A low challenge seeking leader with a desire for low control...
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...following email to all Vice-Chancellors and Rectors of Pakistani Universities: “Have just come back after visiting the Pak-China Business Forum at the Pak-China Friendship Center. Excellent exhibition. If you are in Islamabad, or even if you have to come here, do go and visit it. This is how Universities Build Economies. Congratulation COMSATS” This year PCBF2015 is expected to yield much bigger and better business deals and MoUs. The forum is scheduled to be held from 27th to 30th March 2015. The Venue for Pak-China business Forum 2014 is Pak-China Friendship Center, Islamabad. Partners: Following are the event partners: 1. Commission on Science & Technology for Sustainable Development in South (COMSATS) 2. Higher Education Commission, Pakistan (HEC) 3. Ministry of Science and Technology (MOST) 4. National Testing Service (NTS) 5. Capital Development Authority (CDA) History: Why it is started? Pak – China Business forum (PCBF) was Started to link up and to promote/encourage Universities – Industry Collaboration in various sectors of business and economic development...
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...director of the U. S. Atomic Energy Commission in Albuquerque, New Mexico. Jeff Bezos spent most of his summer of his youth working with his maternal grandfather at the ranch where his grandfather retired to. He showed intense and varied scientific interests at an early age by rigging an electric alarm to keep his younger siblings out of his room as well as making the garage into a science laboratory for his projects. Later his family moved to Miami, Florida where he attended high School at Miami Palmetto Senior High School. While in high school he participated in the student’s science training program at the University of Florida which helped him receive a Silver Knight Award in 1982. When he enrolled at Princeton University he planned to pursue a degree in physics which he later changed to Electrical Engineering and Computer Science. He graduated in 1986 as a summa cum laude, Phi Beta Kappa with a Bachelor of Science in Electrical Engineering and Computer Science. He worked on Wall Street in the computer science field and then worked on building a network for international trade for a company known as Fitel. Then he worked for Bankers Trust, becoming a vice-president. Later on he also worked in computer...
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...Nine Billion Names of God”. This is a science fictive short story where we meet a group of lamas who wants to write the nine billion names of God. Atypically, the lamas will not use the ‘normal’ alphabet; but their own alphabet where they have invented and written in their holy books. In over three centuries they have been typing these names down, and it would take another fifteen thousand years for them to complete the chore. Therefore, they purchase a special computer, Mark V, from a company, which can calculate and write all the letters down. Compared to the fifteen thousand years the computer will do the job in a hundred days. Later on we are following two engineers named George and Chuck. They have been hired to complete the project. However, one day Sam Jaffe tells Chuck the real purpose of this task. The real purpose is to find all the names and when that is been done, God’s intention with the mankind will be achieved and the universe will cease to exist. Of course, the scientists think that it is pure nonsense and they begin to plan their home travel at the same time, as the computer would be done printing out the names. They are afraid of the monks’ reactions when their task will fail, because of course it will fail. Unfortunately, on their way to the plane, they look up and suddenly without a fuss, the stars are going out. It is clear that the dialogue in the start is a very special one. To me, I think it is the very classic “science vs. religion” when the two men are...
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...Intel CEO Grove has quipped that the company bets millions on science fictions. (5) As pressure builds from clone makers and rival systems, engineers are brought together to consider the emerging technological capabilities nd the performance needed to keep ahead of competitors. Intel has also expanded into other areas such as supercomputers, flash memories, video chips, and networking boards. Its sales in these areas are climbing at an average rate of 68 percent per year. (6) It has gained 85 percent of the emerging market for flash memory chips and practically owns one third of the market for massively parallel computers. This experience provides knowledge that Intel can then apply to standard chips, adding features such as video. The second S, strategic soothsaying, is concerned with understanding the future evolution of markets and technology that will proactively create new opportunities to serve existing or new customers. This also contributes to the firm’s vision of where the next advantage will be discovered and where the company should focus its disruption. To act on this vision, companies need two key capabilities: speed and surprise. As in fencing, speed and surprise are key factors in gaining an advantage before competitors are able to do so and in delaying competitor reactions to the new advantages. If two companies recognize the opportunity to create a new advantage at the same time, the company that can create the advantage faster will win. Because success...
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...innovation and emergence of new technology that we simply cannot ignore. With the first form of communicative technology developing in the late1800’s, radio has transformed the ability both professionally and personally to communicate through a wireless device. Mobile communication devices have not simply transformed a way to seek information but a way to transfer information to others as well. This is vital, as present technologies have come a long way from the development of Radio frequencies. With one of the most advanced technologies out, the emergence of the Smartphone has significantly affected our social norms, information, personal assets and society as a whole. Above all when looking at the contributions or advantages the Smartphone brings to the table there is no question organizationally and economically wise it benefits business venturing most. In a growing economy that is driven by knowledge, communication, innovation information becomes our most valuable asset, especially when it comes to running an efficient business. More and more CEO’s nationwide are condoning the necessities of an organized management tool that has the portability to still run and operate a business. With a never ending cycle of a corporate world adapting to new technology, the Smart phone has proven to produce the most effective and efficient method to portably run a business, socially connect and organize our lives. To begin with, Mobile technology has become the type of tool to not...
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...Goals and Student Learning Outcomes/Objectives, with Any Associations and Related Measures, Targets, Findings, and Action Plans G 1:Prepare Individuals for Career Success in Insurance Industry Prepare traditional and non-traditional students to enter the insurance business world with: • the knowledge and understanding gained through a broad-based liberal arts education, • the specific knowledge and skill sets associated with a thorough understanding of risk management and insurance, and • true respect for the role these disciplines play within our economic system. SLO 1:Achieve Liberal Arts, Risk Management and Insurance Comprehension Both in terms of liberal arts competencies, such as writing, mathematics, science, and communication, and business-specific knowledge, such as management, finance and operations, ensure program graduates can demonstrate in-depth comprehension of, and exhibit their ability to successfully apply that comprehension to, risk management in general and to both personal and commercial insurance disciplines specifically. These disciplines include, but are not limited to, underwriting, rate making, compliance, claims, marketing and distribution. Achieve this outcome in part by offering the...
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... which causes a scarcity of the products. Microeconomics What is microeconomics? “Microeconomics is the study of individual choice, and how that choice is influenced by economic forces (Colander, page 15)”. In other words, it is the study of how companies’ price their merchandise, whether or not I should buy something, what resources are going to be needed. Opportunity cost is associated with microeconomics, and is the benefit that you can get if you choose an alternative. For example, if I spend all my time on homework then I will have less time to watch television. The invisible hand theorem is also associated with microeconomics, through price mechanism. Basically, when quantity supplied or demanded is greater than what is available, the prices will rise or fall. Law of Supply What is the law of supply? “The law of supply is based on substitution and the expectation of profits (Colander, page 90)”. Supply is the mirror image of demand, and we need demand in order to have supply. A good example of the law of supply was in the book, but I’ll put it a little differently. Say I am a an accounting assistant and I am supplying my labor to my company, who is in demand for my knowledge. The company provides me with the tools necessary to do my job (computer, printer, etc.) for production, which then supplies our...
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...(MOOC) provider based in Silicon Valley, offering career-focused education. They are partnered with tech-giants Google and Facebook and their mission is to “bring accessible, affordable, engaging, and highly effective higher education to the world” (Udacity, 2015). The External Environment Udacity’s macro environment (appendix 1) shows increasing numbers of mature and part-time learners are looking for alternatives to traditional education (Morris, 2013). They require cheap and flexible classes (Butcher and Rose-Adams, 2015) to fit in around their busy schedules. On top of this, student debt is rising and more students are needing to work part-time so they can afford to live. The globalisation of learning has seen students become more technology-minded. Employers are...
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...before the publication of his book "Out of the crisis" in 1982. In this book, Deming set out 14 points which, if applied to US manufacturing industry, would he believed, save the US from industrial doom at the hands of the Japanese. Although Deming does not use the term Total Quality Management in his book, it is credited with launching the movement. Most of the central ideas of TQM are contained in "Out of the crisis". Dr.Deming's famous 14 Points, originally presented in Out of the Crisis, serve as management guidelines. The points cultivate a fertile soil in which a more efficient workplace, higher profits, and increased productivity may grow. 1. Create and communicate to all employees a statement of the aims and purposes of the company. 2. Adapt to the new philosophy of the day; industries and economics are always changing. 3. Build quality into a product throughout production. 4. End the practice of awarding business on the basis of price tag alone; instead, try a long-term relationship based on established loyalty and trust. 5. Work to constantly improve quality and productivity. 6. Institute on-the-job training. 7. Teach and institute leadership to improve all job functions. 8. Drive out fear; create...
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