August 2019: What is Cloud Architecture? Architecture generally refers to the composition of an overall system in terms of constituent components and subsystems. With regard to cloud architecture, the same concept applies. Most cloud service providers allow users to configure their cloud environment using building blocks at various layers of architecture, starting from infrastructure components, platform components, and up to higher levels of application components. This architecture depends on the user needs and requirements for performance and functionality. The cloud architecture is not static, it's dynamic in nature, to flexibly adapt to changes in workloads or in requirements, and this can even be automated scaling, triggered by conditions, or manually adjusted. Use of Multi-cloud environments where the user merges components from various providers is another form of cloud architecture across environments.
July 2019: What is Simulation Training in business? Simulation training is the activity in which technology is used to mimic real world situations so that trainees can practices actions with limited consequences and risks for learning purposes. Usually simulation is based on embedded technology using computer systems, where the system calculates results according to user inputs and decisions, in order to show expected behavior if same actions are taken in real life. Sometimes this interaction occurs between the computer system and one user, and in other cases it is interaction between two or more players or teams and the computer system, which is one sort of gamification for learning. In addition to training applications, simulation systems can also be used for scenario analysis and decsision making in choosing between alternatives. Simulation systems think and act based on models developed for each training case.
June 2019: Which Corporate Strategy is better for you? Corporate strategies usually deal with different types of strategies, each having different choices to make. The directional strategy deals with the company's overall orientation towards business growth, stability, or retrenchment, this depends on many factors related to the companies internal and external situation. Growth strategies can be either concentrated on main markets and products (vertical / horizontal integration), or by diversification of business lines. Stability strategy implies sustainment of current profits, with no change, pausing or waiting for future circumstances. The retrenchment strategy usually means shrinking of business or even liquidation. The second type of strategies is portfolio strategy, dealing with markets and products offered, and third type is parenting strategy, for coordinating product lines and business units.
May 2019: What is an ERP system? ERP stands for Enterprise Resource Planning, and it's a very common term is today's business environment. It refers to an information system that's used to automate many of the organizational cross-functional activities, in an integrated way that can extend to activities beyond the organizational boundaries. It's a collection of sub-systems related to supply chain management, accounting, customer relationship management, HR, sales, procurement and contracting, etc. Many ERP systems are available from several software providers, with different features that fit various business needs and sizes. Usually companies who decide to implement an ERP system do this on an incremental manner, by adding modules of the system one after another, based on priority and needs, to convert from manual systems to the ERP automation.
April 2019: How staff performance can be measured? There are three common approaches for performance measurement: traits, results, and behavior. The traits measurement method is based on personality traits of individual employee, meaning assessment of personal characteristics and matching that to job requirements. The results measurement approach focuses on evaluating the final outcome of tasks performed by the employee. This can be useful in cases where there are several ways to achieve the result, when the results and behaviors are obviously related, or when workers are skilled enough in required behaviors. Measuring behaviors, i.e. competences and activities for doing the job, is useful when results are not dependent on behavior, or when outcomes take long time to fruit, or when results could suffer due to reasons out of employee's control.
March 2019: What is Porter's Approach for Industry Analysis? It's an approach for analyzing the external business environment for a certain company, which identifies the strategic external factors affecting the organization by understanding six forces in the environment, namely: potential new entrants, rivalry among existing firms, bargaining power of buyers, bargaining power of suppliers, threat of emergence of substitute products or services, and power of other stakeholders (government, unions, communities, etc.). A weak force of any of these threats is considered an opportunity for the firm under consideration. This is one of the techniques used in applying SWOT analysis for strategic planning, and it aims at identifying threats and opportunities that are of high impact and probability with regard to the firm's external environment.
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