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- employees of a firm are the source of knowledge who enable enterprises to implement the planned activities 1. examine the main elements of knowledge management that enable firms to succed using experts. 2. explain the challenges and obstacles that are likely to affect a firms knowledge management13. Business model describes the rationale of how an organization makes, transports, and captures value in economic, social, cultural or other contexts A. True B. FalseWhich among the following is one of the advantages of the McKinsey 7S model 1-It is considered a long-term model 2-With the changing nature of businesses, it remains to be seen how the model will adapt. 3-It seems to rely on internal factors and processes and may be disadvantageous in situations where external circumstances influence an organization. 4-It is considered a longstanding theory, with numerous organizations adopting the model over time.
- The COVID-19 pandemic has caused businesses to re-evaluate their processes and operations. Many business owners have realized thatInformation Systems are essential to the effective management and operation of a businessin today’s era. So much so that businesses may actually move to becoming a “paperless business/ paperless company” and rely solely on Information Systems.Do you agree? Why or why not?Explore and discuss.Which of the following is true regarding the organizational life cycle? a. Companies pass through the different stages of the life cycle in a fixed order. b. The organizational life cycle does not incorporate the decline of organizations. c. Introduction, growth, maturity, and decline are the stages of the life cycle. d. Manpower and capital requirements stay constant throughout the organizational life cycle. e. Once an organization is on the decline, recovery is not possible.(a) Using any organization of your choice, discuss the concept of the customer- centric approach, and identify how important that company’s customers are to its core business. (b) Identify four (4) ways in which your selected organization can recover customer goodwill when facing customer complaints.
- A system must have organization, interrelationships, integration, and central objectives. Doyou think must each of the components of a system be present in a system? Explain your answer witha concrete industry example and use DFDs or similar to answer.The business model canvas and the business plan are similar tools for business preparation. T F The standard of conduct and moral values regarding right and wrong actions in the work environment is integrity. T F The organizational culture of business involves understanding how the market defines the concept of its customers. T F An explanation of the organization’s values, intentions, and aims is the organization’s mission. T F Entrepreneurs are individuals who recognize opportunities where others see chaos and confusion. T F Branding is ensuring your products are better than those of the competition’s T F If a venture is not ripe for the market, customers will usually wait until the market becomes ready for the product especially if it is a strong product. T F A business plan is a written document that details how to get financing for a venture. T F Harvesting a proposed venture must be done on a timed basis. T F A P&L statement outlines…Explain Apple's approach to bring customer and company moves closer to one another, each will have to react and anticipate the other’s action more directly.
- Companies Making IT A Competitive AdvantageAll enterprises, regardless of what they produce or the services they deliver, are really information businesses. Theaccuracy, speed and precision of IT systems means the difference between winning or losing customers, keeping supplychains profitable, and solidly translating new concepts into revenue-producing products and services. The world’s best-runservices businesses have customer-driven IT as part of their DNA; it is very much who these companies are internally.Source: https://www.forbes.com/sites/louiscolumbus/2013/04/01/21-most-admired-companies-making-it-a-competitiveadvantage/?sh=6ed0468333cb Question 1 An organisation can survive and succeed in the long run if it successfully develops strategies to confront the fivecompetitive forces that shape the structure of competition in its industry. From an information systems perspective, the toolprovides further pointers towards how IS can be used to benefit the business. Discuss the…Management Level: Operational Manager Department: Business Development (Sale) Company Structure: Investigating Direct Trading From the perspective of your department and management level, describe your business structure. 1. Suggest TWO contributing factors that may make yours the preferred structure. 2. Request information from TWO other departments that could assist in your investigation. Please specify both the TYPE, and specific CONTENTS of the report you are requesting (types of output) From the perspective of your department and management level, discuss the implications of a security breach in the company’s infrastructure (all forms - human, technology etc.) 1. Suggest TWO reasons why such breaches could occur and state how they can be avoided. 2. Critique TWO post made by group mates from other departmentsFor a company of choice analyse the 7 elements of the framework. Complete the template with the key points of your analysis.