Evaluating Best Practices: Managing Quality, Speed, Flexibility and Information as an Asset

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Evaluating Best Practices: Managing Quality, Speed, Flexibility and Information as an Asset
Contemporary Issues in Leadership and Management / MM 590
October 16, 2006

Managing Quality, Speed, Flexibility and Information as an Asset
In the business industry today companies do not have the option of cutting corners when it comes to quality, speed, flexibility and managing information as an asset. Businesses are born, growing or dieing off every day. If a company desires to grow it must ensure that all facets of its operations and processes updated, run efficiently and managed effectively. This paper will evaluate five best practices used to manage quality, speed, flexibility and manage information as an asset. The best practices
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The last best practice evaluated is a new optimization and management services process that monitors, updates and implements third-generation (3G) data services. The article mentions two very important influences in the wireless cellular network industry are "the increasing complexity of wireless network services and the increasing customer demands and competitive pressures upon cellular service providers." (Buvaneswari, Ravishankar, Graybeal, Haner & Rittenhouse, 2004) This new process will not only increase cellular network quality, speed and flexibility but it will also allow these companies to "monitor, diagnose, and optimize their increasingly complex networks." (Buvaneswari, et al., 2004) All five best practices have strengths and weaknesses covered further on in the paper.
Managing Information as an Asset Managing information as an asset, also known as document and records management or content management is information that companies must protect. The information can be in the form of audio or video tapes, images, documents, hard drives, reports or individual knowledge known as tacit knowledge in the business industry. The value of the information and not the company infrastructure is where the greatest opportunity presents itself. Companies must focus their efforts on increased efficiency to manage all areas of information as company assets. Through management of information as an asset, companies can allow the appropriate access to qualified or
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