January 2019: What is International Business Management? In today's flat world, where globalization in world economy is a fact, companies don't afford not to go global for transactions of their goods and services. Extension across national borders of countries allows companies to find new opportunities for growth and improvement of their business model, by benefiting from diverse resources and cheaper production costs around the world. There are different methods for entry to foreign countries for international business conduct, ranging from import/export trading, to licensing, franchising, and contracting methods, to full ownership, merger, and acquisition of business in foreign countries. International business management would require awareness and analysis of economic, political, and socio-cultural factors in the country, with attention to potential risks involved.
December 2018: What is the importance of Requirements Management? Any project you start will always be intended to satisfy some requirements that meet the needs of stakeholders of the project. Thus, it's crucial to make sure the base is solid enough to build upon the remainder of the project. Requirements management starts even before the project kicks off, and continues to elaborate in more details as the project progresses until its culmination. Business analysis is an integral activity to requirements management, as it deals with understanding, documenting, analyzing, communicating, and verifying client requirements. Clear and well defined requirements gathering is a critical success factor in the project. Always make sure that requirements are documented and communicated to relevant parties for formal approval to prevent conflicts and costly consequences early on.
November 2018: Why ethics are important in doing business? Ethics are characteristics of individuals' behavior as well as organizational behavior. Leaders of any organization are expected to present a role model in ethical conduct to promote culture and values of ethics across the organization. Observes prove that behaving ethically ultimately affect the bottom line of business performance, in terms of reputation, customer retention, sustainability of relations, and penetration to new markets for growth. High ethics and social responsibility are related to good financial performance of organizations, they feed and reinforce each other. Ethics should be arising out of core believes and values, not just practiced superficially for branding and image building purposes, otherwise it will not endure for the long run, and it will eventually disadvantage business results.
October 2018: For what purpose can you use a Business Case? Don't confuse it with a business plan, it's different. A business case is a document that proves the viability and worthiness of an endeavor or project, to show it's financially feasible. This document is used as as decision making tool when evaluating projects and proposals for selection or approval. It explains the proposed idea, needs for it, expected benefits and returns from implementing it, alternatives analysis and recommended approach, potential risks and risk management plan, market research if applicable, etc. The financial aspects of a business case are the primary focus, sometimes even business cases are reduced to financial analysis only. Such financial aspects include calculation of payback period, ROI, time value for money cash flows, cost breakdown and estimations, expected profit, etc.
September 2018: How can you benefit from Lean Six Sigma? Six Sigma (6σ) is a quality approach for continual improvement, that intends to reduce variation in processes and outputs by making them controllable. It promises for 3.4 errors in 1 million opportunities (i.e. 99.99966% success rate). Lean is another quality concept that calls for reducing wasteful activities that are non-value-added steps in a process through standardization of processes. Lean and Six Sigma are interleaved in application and becoming conjoint concepts. Six Sigma includes tools and methodologies to be applied. The most popular methodology used is the DMAIC methodology (Define, Measure, Analyze, Improve, Control). Tools are applied through each stage of the DMAIC methodology, and are mainly quality management and statistical control tools, process maps, charts and diagrams.
August 2018: What is Microsoft Azure? It's the cloud services environment from Microsoft, through which a wide range of infrastructure and platform services are provided. These cloud services include computing, networking, storage, databases, application services, IoT, monitoring services, etc, which are provided through data centers in tens of regions around the world. Azure allows access and management of cloud services either through the portal directly, or via command line shell. While many services are geared towards integration with Microsoft products, other services interface with multi-vendor products and services through APIs, and other components available in Azure Marketplace. Being a cloud environment, Azure promises for benefits of using cloud in general, which include more manageable costs, higher reliability and fault-tolerance, and enhanced service levels.
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