How Tech and Globalization Boost Business Performance

How Technology And Globalization Have Enhanced Business...
The volatility of the world economy has made competition between businesses intense, complex,
and challenging. The competitiveness of today's economy is accompanied by numerous
opportunities and threats that many companies have to contend with. Many firms rely on effective
leadership practices and strategies to enhance their performance and enable them to compete
effectively in the volatile markets. Therefore, this paper seeks to analyze how technology and
globalization have enhanced business operations and decision making (Claeskens, 2012). The
analysis is essential in helping other organizations in obtaining essential information that support a
competitive advantage. Consequently, the competitive advantage can be used to make substantial ...
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The means of communication has also changed significantly such that messages are sent and
received instantly between the communicating parties. In addition, new products of different
functionalities and shorter lifecycles have been developed with the help of advanced technologies.
Research indicates that the direction of the world economy is likely to render the world a global
village. This is where sovereignty is not an issue of concern and labor is likely to be replaced by
technology. Many corporations will appear to be of the size of a cell and only global economies will
matter. Therefore, it is necessary for organizations to train their workers to adapt to the
unpredictable and ever–changing economies. The high pace in which organizations and economies
are integrating also defines this economy. Analysts have predicted that the many world corporations
will be integrated into a single competitive world economy by the year 2050 (Claeskens, 2012).
Essentially, it is also believed that most of the political systems and structures that support many
corporations will not have much influence and may be reduced to tribal components.
The rapid rise in the global economy has created a situation where individuals will be required to
portray different loyalties that may differ from their own traditions and normal institutions. This is a
characteristic of the global economy that should be considered
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A Brief Note On Taxation And Business Decisions
Corporate Ethics
Yolanda Bell
July 20, 2016
Taxation and Business Decisions
(ACCT618–1603A–01)
Do corporations operate off of good ethics or profits? There are some who do not practice
appropriate ethics, and you will not know it until they get caught. If your corporation can operate
with good ethics, it stands to make a very good profit along with a good reputation. According to
Environics International national survey, "25,000 people in 23 countries, 50 percent pay attention to
the social behavior of companies" (Lowe, 2016). Also, one in five said they would report the
company and refuse to buy from them (Lowe, 2016). These standards should be based on the
company beliefs, behaviors, and decisions that ... Show more content on Helpwriting.net ...
Avoidance is another reason for unethical behavior because the employee feel the wrong doing will
not be addressed.
It can also be due to rationalization saying "everybody's doing it" they are followers, and don't think
for themselves.
Doing the wrong thing is easier than doing the what's right
Using neutral terms to describe questionable actions (Monert, 2014)
What can you do to keep your employees from making unethical decisions?
Treat them well– this can be accomplished by offering competitive pay, benefits, prevent on the job
harassment, and properly training management. This will help prevent a large employee turnover,
attendance, work quality, and motivate them to maintain company compliance.
Honesty can be accomplished by providing a service to the public, or suppliers with an on time
product. Provide a product to customers focusing on quality, and an affordable product. This will
boost your company reputation.
Be responsible if your company operates with hazardous chemical, or product making sure they are
disposed of properly.
Some companies have paid millions of dollars due to their poor practices in this process. For
example in December of 2015, Comcast was hit with a 26 million dollar penalty for dumping
hazardous waste; they also revealed customers personal info (Morran, 2015). They

business decision making
Table of Contents TASK 1 Scenario: 3 TASK 2 8 TASK 3 12 TASK 4 19 References 23 TASK 1
Scenario: You have been approached by London Marketing Research Company Ltd (LMRCL), to
conduct a research to open up a new restaurant chain by Commission Restaurateur (CR) the
Restaurants and eateries belonging to this group. You have been approached to conduct a thorough
research and finally present the details to the group itself. 1.1 Create a plan for the collection of
primary and secondary data for a given business decision. They are two types of sources that can be
used when conducting a research: Primary and Secondary. Primary sources give first–hand results
that are provided by a research or study directed specifically for the case in ... Show more content
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Out of 200 questions, 100 were unanswered, mostly the e–mail and post questionnaires. This may
be because of wrong e–mail addresses, wrong postal addresses. Most of the people did not respond
because of time consuming. Out of these 28%, 72 % of questionnaires were fully answered by all
the people. Majority of participants were male. 65 male and 35 females participated, 75% were
between 18–35 age groups and the rest were between 35–55 age groups. This study shows that
mostly males are interested in the eating from takeaways and restaurants. TASK 2 2.1 Draw valid
conclusions using representative values (e.g. descriptive statistics) a) As mentioned before, London
Marketing Research Company Ltd (LMRCL) has 150 customers. After conducting the survey, the
Human Resources Management decided to study the results in a specific way. They are going to
separate the results based on the functions: Managers, Executives, and Assistants/other based on
their income and spending nature or behaviour. Questions (refer above) Managers Executives
Assistance/other Q2 – 80% said 3 years or more 70% said 1 year or less 60% said 2 to 3 years Q3–
90% said Well 60% said NOT Well 70% said EXTREMELY well Q4 – 70% said Good 80% said
Unsatisfactory 60% said Best Q5 – 90% said High 80% said Extremely High 70% said Low Q6 –
70 % said Satisfactory 90% said Unsatisfactory 60% said Extremely Unsatisfactory Q7 – 80% said
Appreciated

Business Decision Making
Business Decision Making Project, Final
Silke Robinson
Statistics QNT 275
October 5, 2014
Barry Adkins
Business Decision Making Project, Final
Data Collected
The data that was collected and used for this report is the total accident payout for the State Farm
company customer when in an at fault accident with a Star & Shield Insured in Leon County,
Florida. The number reflects the total payout after the accident was completely settled, and as such
can contain underlying data that would include which specific coverage was used to pay the claim.
We could break the numbers down even further, by coverage, however for the purpose of this report,
we will just use the totals.
Total payouts by Quarter
If we take the above ... Show more content on Helpwriting.net ...
Fraud
Fraud certainly always pays a big role in the insurance industry. Since everyone's accidents drives
the rates either up or down, fraud, unfortunately drives rates up. People claiming more damage or
injuries means higher rates for all of us. Basically, we all pay into a big pot, and if a claim happens,
the insurance company takes money out of the "pot" to cover the claim. When the money in the
"pot" is not enough to cover the claims filed, insureds will see rate increases to make up the
difference. The more fraud occurs, the more our rates are affected.
Interpretation of Results
After reviewing the information and data available, I can safely make the statement that the accident
payouts have almost increased ten times over the four years that we have data to view. However,
based on the data given, I cannot come to a conclusion on why the payout amounts have spiked as
much as they have. There were a few natural disasters in 2013, but that would not explain all the
numbers, since natural disasters usually pay out under comprehensive and the amounts would be
smaller. If we had the breakdown for each coverage that paid out and how much was paid under
each coverage, we could get a much better idea on what might be happening that drives the spike
and take action on how to correct the problem.

Conclusion
We can tell quite a few things from the available data,

Case Study On Business Decision Making
Project Title: Business Decision Making: A Study Course title: HND in Business Course Module:
Business Decision Making Student ID: 49750 Group: V Student Name: Gabriela Naydenova
Submission Date: 19/01/15 Executive summary Change is the common and most consistent trend in
the world. Everything in the world is getting changed with the passage of time. Globalization,
modern science and many other factors are making the world much complicated and again in some
respect, it is making the world wide process very simple. Similarly, business world is also getting
changed. The main reasons are demand of customers, competitive atmospheres, market competitors,
development of communication system etc. Now, it has been a very critical phenomenon for an
organization to make certain decision regarding their ... Show more content on Helpwriting.net ...
They are open ended question, closed question and partially categorized questions. Open ended
questions allow the participants to add and give their own perspective and view more than they have
been asked to say. Closed question only takes such answer that they were asked. Finally, partially
categorized questions are those questions that sometimes allow personnel view and opinions and
sometimes not (University of Michigan, 2010). Sampling framework represents the people on whom
the organization will be making the research. In other sense, the participants of the researching
activity represent the sampling framework. Business organization does not include all kind of
people and again does not include all people of some particular class because it is not possible.
Commission Restaurant will make their research on their targeted customers, organizational
employees, official members, retailers and all possible members. 1.3 Questionnaire for the given
business

Unit 6 Business Decision Making Essay
Page 1 of 22 Centre Name/logo Programme Title Unit No & Title QCF Level: Assignment No/Title
Tutor/Assessor Written by Essex International College BTEC HND in Business Unit 6 Business
Decision Making 5 Credit: 15 Y/601/0578 Acorn Research Consultants Please Provide Tutor Name
Here /Assessor Panel Dr Keith Hoodless To meet LO 1 Assessment method To meet LO 2 To meet
LO 3 Written Report not exceeding 4000 words covering all tasks To meet LO 4 Key dates:
Assignment distribution date to learners 20th January 2014 Assignment submission date 14th April
2014 Assignment returns date to learners (if applicable) Within 4 weeks after Submission Aim The
aim of this unit is to give learners the opportunity to develop techniques for data ... Show more
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Project 3 Hotel Russell, located at 1–8 Russell Square, Bloomsbury, London, is a four–star hotel
offers easy access to central London businesses, tourist attractions, shopping and entertainment
areas. A 4–star venue offers a level of service and comfort designed to insure that both business and
leisure travellers who visit historic capital city will find charming hospitality and personalised
service. Russell Hotel would like to your company to conduct a survey with their customers about
their services in the hotel to make necessary improvements. Project 4 Choose and organisation you
know or are familiar with, and prepare a report based on the customer experience in order to
facilitate an improvement in services and outcomes. BTEC HND in Business / Business Decision
Making / Jan 2014 Page 4 of 22 Learning Outcome Learning Outcome 1 Be able to use a variety
of sources for the collection of data, both primary and secondary Learning Outcome 2 Understand a
range of techniques to analyse data effectively for business purposes Learning Outcome 3 Be able to
produce information in appropriate formats for decision making in an organisational context Tasks
Mode of Assessment Task 1 a) As the Marketing Manager create a plan for the collection of primary
and secondary data for your chosen business project (AC 1.1) b) Prepare the survey methodology
and sampling frame work to be used in the above situation

Developing Business Decisions : The 10 / 90 Rule For Web...
In the life of human being, the 10/90 rule means that 10% of life is shaped by what happen to us
while rest of 90% of life is decided by our responses/actions. This implies that one cannot avoid
over 10% of what is happening to him. This is inevitable. Our reactions to what happened could
determine 90% of the outcome (Covey, 2010). This can be compared and applied to business
situations to some extent.
In spite of very huge data, reports, files, large investments made in web analytics, firms find it
difficult to make business decisions. Many business leaders underlined the need to invest in people,
but none have spelled it how much could be invested on the tools and people. Kaushik (Blog at
kaushik.net) found and developed a rule for investment on tools and analyst to solve the problems in
arriving at business decisions to become successful in business. He named it as 10/90 rule for web
analytics success.
Salient features of 10/90 rule and discussion on 10/90 rule
Goal: To get highest value when results of web analytics is applied
Cost of analytics tools & vendor professional services is to be taken as $10
Investment in intelligent resources/analyst is to be taken as $90
The ultimate reason or the success is 'The People'
This rule means that there should be an investment of $90 on human intelligent resources for every
$10 spent on the tools. Because tools do not perform much as human beings do. It is people, not
tools interpret and act upon the data and the tools only

Importance Of Complex Business Environments And Its Role...
Chapter One: Rational Decision–Making in Complex Business Environments There are many
obstacles executive leaders need to overcome when presented with the challenge of effective
decision–making in a business environment. These obstacles include multiple alternatives available
to a problem that have a high probability of a successful outcome, the inability to determine the
successful outcome of a decision, lack of information available to formulate a decision, irrelevancy
of past practice as a guide, and the influence of the unpredictable nature of live variables when
making business decisions. The first goal of this chapter is to help readers understand what
decision–making is and the various factors that influence decisions for ... Show more content on
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Rational Decision Making The rational decision–making process consists of seven steps that need to
be followed consecutively. This process can take an extended period of time to complete. The steps
are as follows: (1) defining and identifying the problem, (2) analyzing the problem, (3) developing
alternative solutions, (4) selecting the best solution out of the available alternatives, (5) converting
the decision into action, and (6) ensuring feedback for follow–up (Brest & Krieger, 2010).
Identifying the problem. Identification of the real problem before a business enterprise is the first
step in the process of decision–making. It is rightly said that a problem well–defined is a problem
half–solved. Information relevant to the problem should be gathered so that critical analysis of the
problem is possible. This is how the problem can be diagnosed. Clear distinction should be made
between the problem and the symptoms that may cloud the real issue. In brief, the manager should
search the critical factor at work. This is the point at which choice applies. Similarly, while
diagnosing the real problem the manager should consider causes and discover whether they are
controllable or uncontrollable. Analyzing the problem. After defining the problem, the next step in
the decision–making process is to analyze the problem in depth. This is necessary to classify the
problem

Business Intelligence ( Bi ) Is A Technology Based...
Business intelligence (BI) is a technology–based procedure for analysing data and giving decision
based information to help corporate executives, business managers and other end users make more
informed business decisions. BI comprises a variety of tools, applications and methodologies that
enable organizations to collect data from different sources such as internal systems and external
sources, prepare it for analysis, develop and run queries against the data, and create reports, analytic
dashboards and data visualizations to make the analytical results available to corporate decision
makers as well as operational workers. Simply put, Business Intelligence is technology process that
assists in the conversion of raw data into meaningful information. It helps you analyse the past and
come up with the strategy to improve the future. When organizations carry out their day– to –day
operation, raw data is generated and mostly stored in a database .This data needs to be analysed and
meaningful information extracted from it. Based on this output, come up with future strategy that
will grow the company. Making future decisions directly from raw data is impossible as a result
there is need for the data to be converted into meaningful data. Management makes use of this
information to take fact based decision that will result to a better future. The data used for Business
Intelligence analysis comes from OLTP (Online transaction processing).These are daily transaction
that takes place

Business Decision Making FINAL
Table of Contents Task # 1.1: 4 Introduction: 4 Research 4 Data collection objective: 5 Task 1.2: 6
Survey methodologies: 6 Sampling frame used: 7 Task # 1.3: 7 Questionnaire: 7 Task # 2.1 & 2.2: 8
Data analysis: 8 Task # 2.3: 11 Measures of dispersion: 11 Task # 2.4: 12 Quartile, percentile and
correlation coefficient calculation: 12 Task # 3.1: 14 Task # 3.2: 16 Task # 3.3: 17 Task # 3.4: 18
Formal business report 18 Task # 4.1: 18 Information processing tools: 18 Task # 4.2: 20 Task # 4.3:
22 Financial tools: 22 Reference: 23 Task # 1.1: Introduction: Dunkin' Donuts restaurant is one of
the world's largest companies in fast food industry, which deals in wide range of hot, iced and cold
beverages, baked goods, sandwiches and ... Show more content on Helpwriting.net ...
Questions are short ended means sometimes they gave us space to write about their view of specific
things and sometimes operations are given and we just need to choose the answer as per our
perception. Interview: Interviews are quicker way to get respond from customers rather than
Questionnaire survey. These are no any prominent difference between Questionnaire and interview.
Interview can be of many types like face–to–face interview (those interview which are conducted
personally and face to face. This is time consuming and direct way to conduct survey) and
telephonic interview (those interview which are conducted on telephone or indirect way to conduct
survey) etc. We use open– ended questionnaire survey methodology to know about the views of
customers and their preference or satisfaction level. Sampling frame used: Sampling is known as
process to test or conduct census the wroth and influence ability of product directly on consumers.
Sampling frame is called the target consumers of a specific area. Numbers of people are selected to
study the change in their behavior or effect on them within certain condition. Before conducting
sampling, we will choose few people from population and test or judge their behavior to analysis
and interpret the result. Task # 1.3: Questionnaire: Keeping in view the above–mentioned scenario,
few of questionnaire for solving existing problems are of following types: Have you ever

Decision Making Skills in Business Environment Essay
Decision making can be defined as a mental process of making choices among possible alternatives
to make a practical decision (Reason, 1990; Wang, 2000). From selecting what items to buy in a
supermarket to deciding which television channel to watch, we often have to make decisions in
different conditions, particularly when we are facing uncertainties and trade–offs. Admittedly,
decision–making skills have become increasing important when it comes to the highly competitive
and ever changing business world. In view of that, a variety of models have been developed by the
scholars from all around the world in an attempt to conceptualise the decision making process and
maximise its potential output. In this paper, we will look at the role of ... Show more content on
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In short, agreement between different stakeholders is the deciding factor of an ultimate decision in
Carnegie Model. Although a consensus has been reached with the agreement of different
stakeholders and parties, some critics pointed out that this will lead to a greater problem which they
term it as "satisficing". Satisficing means an organisation accepts a satisfactory rather than optimal
approach to maximise the performance. In layman's term, it means the final decision made by the
coalition is just satisfying the stakeholders sitting on the board but that solution may not be the best
one to optimise the performance of an organisation. Secondly, managers are concerned with
immediate problem and short–run solutions or what Cyert and March (1963) termed as
"problemistic search". Problemistic search simply means the managers look around the environment
to look around for a quick solution to solve the task as they don't expect a perfect solution when it is
ill–structured. To sum up the points, Daft (2010) opined that the managers normally look for a
satisfactory solution that first emerges as they are constrained by several factors mentioned in the
last paragraph. The Carnegie Model is particularly useful when it comes to problem identification
stage. One recent example would be the United States government shutdown from October, 1st to
16th. The shutdown occurred as the Congress

Business Intelligence And Decision Making Essay
ABSTRACT
This paper illustrates the concept of Business Intelligence as a stored knowledge of the company
that can be developed and organized for better and effective decision making process. It synthesizes
the concept of business intelligence and introduces the BI information system software that can
harness all the needed information and data for decision makers. This process is placed in the
context of mid size companies in Saudi Arabia for them to gain competitive advantage. The
methodology of the research is qualitative hence secondary resources such books, reference
materials, on line articles on BI, IT journals on PDF served as the basis of discussion. Five people
were also interviewed to solicit their personal views ... Show more content on Helpwriting.net ...
Section 1 – Concept of Business Intelligence
In every long term strategic planning, many companies considered data collection and analysis as a
fundamental activity. Big companies that strive to achieve a sustainable advantage over their
competition made use of information management system to help them analyze their data. These
activities have evolved to what is now known as business intelligence of BI. R.L Fielding (2008)
reiterates that Business Intelligence is a thorough and holistic analysis of the company records, data,
information, and software application for effective decision making. All decision making processes
need an organized, readily–accessible, and human readable compilations of data. With the use of an
effective tool the firm can easily figure out their own business processes, the behavior of their
customers, and the economic trend of the industry. With these facts, the firm can arrive at a better
strategy to achieve their specified goals with confidence. Fielding (2008) also added that the three
possible stages of business intelligence can be broken down into raw data, information, and
knowledge. Raw data is gathered and processed into information. The information are filtered and
arranged into a meaningful pattern. The knowledge form from data analysis serves as the business
intelligence of the company. According to Andy Graham (2008)

Qnt 275 Week 3 Business Decision Making Project Part 2
QNT 275 WEEK 3 BUSINESS DECISION MAKING PROJECT PART 2
To purchase this visit following link: http://www.activitymode.com/product/qnt–275–week–3–
business–decision–making–project–part–2/ Contact us at:
SUPPORT@ACTIVITYMODE.COM
QNT 275 Week 3 Business Decision Making Project, Part 2
Based on your Week 3 collaborative learning team discussion, submit, individually, a 350– to 700–
word summary of the work completed by your team.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
To purchase this visit following link: ... Show more content on Helpwriting.net ...
word summary of the work completed by your team.
word summary of the

Business Decision Making Essay
BUSINESS ADVICE
Decision making in business is one of the crucial elements that have a direct impact on the
operations, as well as the ability to successfully compete in the marketplace. Competitive advantage
is one of the most complex phenomenon. Raising business capital using both equity and debt
options comes with various advantages and disadvantage. Raising capital is complex and the
business needs to make the right decisions. It is difficult for businesses to make decisions on
whether to decide equity or debt options to finance the business. Equity financing entails private
investor money that is received in exchange for a share in the business. There are various
advantages and disadvantage of equity financing that will help business to make financing decisions
(Erickson & Vinturella, 2013). One of the advantage is that equity financing is less risky. Other
advantages include, increases liquidity, investors have an opportunity to take long term view, does
not have to be repaid, maintains low debt–to–equity ratio, as well as there is sharing of risk. On the
other hand, equity financing have various disadvantages which include slow decision making,
sharing of earnings, too many consultation process, leads to disagreement, and it is difficult to find
the right investor.
Debt financing include long term loans and comes with various advantages. These include that it
enables the business to make payments on assets, the lending institution does not interfere with
running of

Making A Business Decision For Any Ceo Essay
Making a business decision for any CEO is easy, the main principle is to keep the shareholders
happy by generating more revenue. The more money a company earns the more attractive it looks to
the potential investor. Now, from history, we have learned that every CEO is "not" created equal and
some use bad business practices to earn more revenue. So, laws were created to set guidelines,
companies started to use risk assessment to see if a decision would lead to any legal recourse that
would make them a liability, or put them in fault. Not until I took this class did I not realize that
there is no one law for every decision that must be made in a business. Thus, the need for ethical
decision making. Ethics is described as a normative, because is rely on our reasoning of how we
should act. How we think we should act is heavily influenced by our morals and personal integrity.
Norms are normal behaviors but what may be normal or what my values are may be different from
yours. Therefore, in business, it is important to create good ethical values as set standards. Not only
does this create personal responsibly but also aware of social responsibly. This way if someone had
to make a decision because they understand the values their reasoning should be ethical. Reasoning
can be practical which deals with what we should do and theoretical dealing with what we believe
we should do.
Making decisions can be hard, so there is an ethical decision–making process you can follow. We
may

What Decisions For A Retailer Manager Is A Poor Business...
1. Introduction
In recent times it has been well documented and reported that the way in which retailing is
changing. Alongside the former methods of ''bricks and mortar'' stores, modern day retailers must
now ensure that their goods and services are available by means of various streams, including
websites and mobile apps. (Benady, D. 2014) But it is not only retailing which have changed; the
consumer is becoming savvier and increasingly sophisticated. Consumers are expecting more from
retailers and now expect a ''seamless shopping experience'' however way in which they may interact
with the retailer. (Benady, D. 2014)
One of the most profound decisions for a retailer manager is that of location, a poor business
location can have long ... Show more content on Helpwriting.net ...
2. Retail Strategy and Concepts
For retail managers, establishing and defining a profound retailing strategy is essential. In terms of
retailers, it is essential to select retail location which in turn can lead on to offer the best potential
revenue performance and consequently further strengthen the organisations overall brand position.
(Ipsos, 2013) Picking a location can be a difficult decision to make for both emerging businesses
and well established organisations. Various potential issues will need to be analysed for example
population size and competitive intensity. (Ipsos, 2013)
Retail strategy may vary depending on an organisations overall aims and objectives, though one
essential aspect when choosing location is to ensure that a location has been thoroughly profiled and
that every aspect has been looked at with some including:
Potential footfall in the area.
Overall quality of the location
Location accessibility
Occupancy rates
(Ipsos, 2013)
For retail managers there are strategic tools which can be utilised when it comes to choosing a
location for a business, one such concept which can be particularly useful and applied is that of the
Retail Mix, incorporating factors including: Place, Product, Price and Promotion. In terms of this
report 'Place' may be seen as the most important aspect of the mix. For a retail manager it can be
further possible

Effectiveness of Business Intelligence Tools for...
Introduction
Individuals and organizations within current information society have at their disposal vast amount
of data which potential has not fully been used. With the increasing availability of data there is a
need to organize data and to extract knowledge from such data. Data are being accumulated in
different formats and databases, which are usually not connected together, therefore leading to the
inefficient use of valuable information.
Contemporary organisations are therefore seeking the opportunities to improve decision–making.
With different people participating in decision–making, the scope of particular decisions is in many
cases of global nature (Olszak & Ziemba, 2006). Thus there is a great need for tools that are able to
... Show more content on Helpwriting.net ...
Business intelligence represents the use of series of tools to collect, analyze and extract information
which can be used to aid the management process and decision making. It can help to reduce costs
and increase revenue.
According to Petrini (2009) business intelligence has been evolving over the last 35 years. 1970s
saw the appearance of initial versions of analytical packages. In the 1980s, the spreadsheet software,
Excel, was realised. In 1980s and early 1990s executive information systems (EIS) were introduced
to provide senior managers with information from internal and external data, that are relevant in
decision making. However, since EIS required a lot of manual work to convert data, their popularity
decreased. This opened up the opportunity for emergence of business intelligence in 1990s.
Business intelligence can provide companies with accurate data that can be analyzed to support
business strategy therefore enabling companies to better predict effectiveness of their business goals
and ultimately result in a business profit. "Business intelligence is already in use in many
organizations today, by finance departments to analyze financial performance, sales and marketing
to identify customer trends, and operations to enhance the efficiency of supply chains. Using real
data helps them answer who, what, where, why and when of related performance" (Rylander,2009).
Business Intelligence tools have evolved

Making Business Decisions Should Be Simple, Right
Making business decisions should be simple, right. However, relationships with stakeholders can
make business decision complicated. Stakeholder relationships are a key factor to running a
sustainable organization. In business as well as life there are always those grey areas in decision
making. This is where ones Morals and ethics come into play when making decisions. Is there a
moral or ethical dilemma that can arise when exposing stakeholders to whom you have close
personal or professional ties to? How do you overcome these dilemmas? Business leaders must
assess the risk and tradeoffs when tackling the ethical dilemma of whether or not to expose a
stakeholder.
In order to understand the problem of wheatear or not to expose a stakeholder there are key things
one needs to know and understand. The first is a stakeholder; who is anyone "with an interest, claim,
or stake in the company" (Hill, Jones, & Schilling, 2015). Stake holders can include but are not
limited to: customers, employees, owners/investors, suppliers, competitors, creditors, communities
and government agencies and regulators. Relationships with these stakeholders should be looked at
as intangible assets. "By effectively managing relationships with increasing the opportunities and
lowering the risk for each relationship, a company can enhance the quality of its intangible assets
and therefore increase the overall valuation of the business" (Friedman, 2014). In addition, we need
to understand ethics;

Selecting A Business Form Is A Big Decision For All Companies
Project #2
Eric Kitts
Liberty University Abstract
Selecting a business form is a big decision for all companies. Those involved in the entity need to
decide what is important in terms of how liability, taxation, time devoted to the company, e tc. There
is no right or wrong combination of factors to consider when deciding on the business form that is
right for your company. In this case, I will highlight the key attributes of the partnership,
corporation, and limited liability corporation (LLC) for potential clients interested in forming a new
entity after inheriting an organic farm from their father. They are interested in a business form that
will limit liability and reduce their tax burdens, but they are also concerned about ... Show more
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He will continue to manage the operations of the orchard, vegetable gardens, grain fields, trout
pounds, poultry operation, as well as the fall corn maze and pumpkin patch that have been a staple
in the community for years. The five family members are all Christians and want to set up the
company in a way that pleases the Lord, so they have came to me for my guidance as to how to
accomplish this goal.
My goal is to inform Alex, Bill, Carl, and Devon of the different business forms, so they can feel
educated and informed when making this important decision. I want to thoroughly explain
Corporations, Partnerships, and Limited Liability Corporations to them, so they are aware of their
options. The siblings' father passed away after operating a successful sole proprietorship for many
years, so there will be a definite change in business forms. A sole proprietorship is no longer an
option due to the amount of members. Fleischman and Bryant (2000) explain that this form of
business "is an option only for a business with one owner" (p. 2).
I aim to advise the family in a way that honors God and allows them to set up this business in a way
that honors God as well. The Bible instructs us all in Colossians 3:23–24 that "whatever you do,
work heartily, as for the Lord and not for men, knowing that from the Lord you will receive the
inheritance as your reward. You are serving the Lord Christ" (ESV). The

The Impacts of Pfizer's Business Decisions and Practices
Business Decisions Effects on Stakeholders Introduction The pharmaceuticals industry is one of the
most profitable business sectors. The implications of this business can be observed on individual,
corporate, and national level. The actions that companies make determine significant effects on
different categories of stakeholders. The shareholder theory states that companies' objectives are
represented by maximizing profits for shareholders, while not valuing the interests of stakeholders.
The stakeholder theory states that companies' activity must be oriented towards producing benefits
for categories of stakeholders like employees, customers, managers, investors, governments, the
society, and others. The different views on companies' objectives reflect the complexity of the issue.
Company Presentation Pfizer is one of the most important U.S. pharmaceuticals producers, and one
of the top players on international level. Its core operating segments are primary care, specialty care
and oncology, established products and emerging markets, and animal healthcare. Pfizer is also the
world's largest research based pharmaceuticals company. This means that its investments in research
and development processes determine innovation. Most of the company's profits comes from selling
Rx and over the counter products, but Pfizer also commercializes dietary supplements (Pfizer,
2013). These dietary supplements are easier to sell because of the more permissive legal framework
that

Business Practice Argumentative Essay : The Decision...
Business Practice Argumentative Essay
Amanda Rabius
PHL/320
September 18, 2017
Hank Reeves Business Practice Argumentative Essay
The decision–making process is a present and vital in the everyday hustle and bustle of business
practices (INC). Although, making choices can be painful at times, the selections that are made
define the success and quality of an organization. Any significant bad decision could throw a
company off course. So, it is important that good decisions are made. Dictionary.com defines good
as sound, valid and satisfactory for the purpose (DIC). But, to get more technical, let 's consider the
definition of "good" when it comes to business decisions. Well, what is a "good" decision exactly?
The answer may seem obvious, ... Show more content on Helpwriting.net ...
And, it is clear that the Houston area is in demand for this beloved noodle bowl. But, regardless of
the degree of market growth required to meet the business owner's particular business goals and
objectives, the need for growth and a plan to accomplish it is fundamental to a successful business
venture. Without it, you will leave your business vulnerable to market pressures such as increased
competition or regional economic downswings. For example, when expanding a business, a
restaurant, retail or service – reproduction can easily be run from a distance. All you need is to
launch a chain. All businesses need to grow to survive and starting a chain expands that business
horizon. Since the owner of AGU knows that the first location was a success – he duplicated the
plan with multiple locations in various areas while meeting increased customer demands.
Typically, a business's growth can also be measured by important statistics such as turnover, market
share, profits, sales, or staff numbers (HBR – PROFITABILITY). According to the Harvard
Business Review (HBR – PROFITABILITY), a project undertaken by the Marketing Science
Institute on the PIMS (Profit Impact of Market Strategies) is "aimed at identifying and measuring
the major determinants of return on investment (ROI) in individual businesses. Phase II of the PIMS
project, completed in late 1973, reveals 37 key profit influences, of which one of the most important

Decision Making for Business
DECISION MAKING FOR BUSINESS
Table of Contents Part A: 2 1.0 Analysis of incremental cost for Fleet Ltd.: 2 2.0 Analysis of the
reported profit volume: 2 3.0 Consideration of determining factors in decision making process: 2 4.0
Recommendation: 2 5.0 Executive summary: 2 Part B: 2 1 a) Derivation of cash flows for three
available options (amounts in , 000): 2 1 b) Derivation of accounting rate of return for three
available options (amounts in , 000): 2 1 c) Derivation of payback periods for three available
options (amounts in ,000): 2 1 d) Derivation of Net Present Value for three available options
(amounts in ,000): 2 1e) Derivation of internal rate of return for three available options (amounts in ,
000): 2 ... Show more content on Helpwriting.net ...
2.0 Analysis of the reported profit volume: | Year 1 | Year 2 | Year 3 | Cost before outsourcing per
year | 335000 | 336000 | 336000 | Revenue generated per year | 0 | 0 | 30000 | Per year Profit/loss
volume | –335000 | –336000 | –306000 |
| Year 1 | Year 2 | Year 3 | Cost after outsourcing per year | 632000 | 613000 | 614000 | Revenue
generated per year | 0 | 0 | 40000 | Per year Profit/loss volume | –632000 | –613000 | –574000 |
Fig 2: Profit/loss in both situations
The above profit and loss analysis of the organization in both cases; before restructuring of IT
department and after restructuring the IT department. However, the analysis shows that there is an
increment in the loss volume of the organization during the three years after restructuring the IT
department.
3.0 Consideration of determining factors in the decision making process:
The decision making process involved in the any kind of outsourcing activity needs to be based on
two determining factors such as incrernental cost and incremental revenue. In the context of the
present study, analysis of these two factors has been conducted without considering the influence of
the inflation rate. Hence, it has been considered that the calculations conducted in the study focus on
only the nominal value rather than the real value.
The decision making process involving the IT department can be outsourced to the third party in
order to achieve less operational complexity. However, the

Business Decision Making
Programme: Modules: Module Tutor: Student Name: Student No: Submission Date: Table of
Contents Pages Introduction 3 Task (1) 3–6 * Variety of sources for the collection of data Task (2)
7–11 * Analysing data for business purposes Task (3) 11–14 * Information in appropriate formats
for decision making Task (4) 14–18 * Using software–generated information for making decisions
Conclusion 18 References 18 Introduction In business, making good decisions requires the effective
use of information. Business Decision Making provides the opportunity of learning a variety of ...
Q1 £400 and under £430 18 44 ..........Q2 £430 and under £460 12 56 ...........Q3 £460 and under
£490 4 60 Sum of all the frequencies = 60 Q1 = 60×1/4 = 15 Q2 = 60×1/2 = 30 Q3 = 60×3/4 = 45
Upper quartiles Q3 = 430 + 30 (45–44)/12 = 430 + 30/12 = 430 + 2.5 = 432.5

Making A Tough Business Decision
Leaders are faced with thousands of decisions to make during their careers. Making a tough
business decision could be difficult, especially when you know many will be affected by it.
Regardless of how difficult the decision could be, a successful leader cannot sit around being
uncertain about what to do, they will quickly make a decision and communicate their goals to
others. At times, it is not about making the right decision, but just making a decision. Every leader is
different, therefore they have different decision making styles such as command, collaborative,
consensus, and convenience (Gleeson, 2012). Martin Thomas, the CEO from Devise Products
Unlimited (DPU), recently decided that it was time to change the culture of his organization. He did
it by implementing a program called the FISH! Philosophy. Without providing any training, he
decided to provide all his leaders a copy of the FISH! Book with a goal in mind to implement the
program in each one of their departments within a month. After a month, he followed up with his
leaders to see the progress and there was little to no success implementing the new program.
Thomas had a difficult decision to make and unfortunately, it was not a smart move from his part.
Business culture can be defined as how people behave with each other within an organization and
how they interact with their clients Craig, 2014). Therefore, business culture is the organizations
identity. If Thomas was having problems with how employees were

Unit 6 Business Decision Making Essay
4 OUTLINE CONTENT 1 Be able to use a variety of sources for the collection of data, both
primary and secondary Primary sources: survey methodology; questionnaire design; sample frame;
sampling methods; sample error Secondary sources: internet research; government and other
published data; by–product data Storage: security of information; data protection issues; ethical
issues 2 Understand a range of techniques to analyse data effectively for business purposes
Representative values: mean, median, mode; calculation from raw data and frequency distributions
using appropriate software; using the results to draw valid conclusions Measures of dispersion:
standard deviation for small and large samples; typical uses ... Show more content on
Helpwriting.net ...
Mention different sources of data which you will use in the research. Your research plan should
include the methodology for collecting primary data by using different survey techniques. Describe
the methodology in sufficient detail; highlighting the types of research to be used, the sample frame,
the method of analysis and any limitations of the proposed approach. Give valid justifications and
reasons for the methodology suggested along with the frame to be used for the survey. Develop a
questionnaire to collect primary data (no more than 15 questions). The design and contents of the
questionnaire should be well justified by providing valid reasons. The plan should meet the
following criteria: a. Examine the need of that product/ service. b. Performance of current
products/services of your selected client. What is the attitude of customers towards the client's
product/service? c. Identify the competitors and compare the perceptions of your client's product/
service relative to its competitors. d. Identify the potential for enhanced features on the client's
product/ service. Guidance Notes for Task 1: Select that organisation as your client, which you can
easily access for collecting different types of data related to your work. The data collection/ research
plan must also include: a. Brief

Essay on Business Decision Making
Introduction Thinking critically and making decisions are important parts of today's business
environment. It is important to understand how the decision making process works and the steps
involved. The nine steps of the decision making process are: identifying the problem, defining
criteria, setting goals and objectives, evaluating the effect of the problem, identifying the causes of
the problem, framing alternatives, evaluating impacts of the alternatives, making the decision,
implementing the decision, and measuring the impacts. (Decision, 2007.) By using various methods
and tools to assist in making important business decisions an individual can ensure the decisions
they make will be as successful as possible. In this paper it ... Show more content on
Helpwriting.net ...
When we came up with a decision to fix a problem the stimulation had a visual graph to use that
examined different metrics of how our choices affected sales, workers, the cost and the company
and whether the decisions would be successful or unsuccessful. This visually allowed us to see the
outcomes to our decisions and gives us more experience for the future decisions and way to succeed
in our goals. All the techniques assisted in following the decision making steps including measuring
the impact which is easily forgotten. It is very important to ensure our decision was effective and if
it was not. Understanding why the decision was not effective and re evaluating the alternatives and
the issues that come into play will help us identify what was missed or overlooked so the problem
can get fixed. This also helps ensure the same mistakes are minimized, if not identified so the same
issues do not reoccur and something can be learned for the future. The techniques of the stimulation
measured the success of change and it provided feedback as to which measures. The simulation
provided a useful

Decisions that Determine the Success of a Business
Starting a business and keeping it going is a difficult, competitive, and strategic process that helps
make a business successful. A business' success can be valued on how much profit a business
makes. In business, you earn profit by selling products and services to customers who are willing to
buy. Qualities needed in business are determination, math, good decision making skills, and many
other attributes. Decisions are an important part of business. The complex process of decisions that
make up a business include location, budget, choosing what industry you should go into which is
based on demographics and what is best suited for your city. These and many other decisions
determine the success of a business. There are many steps to starting a business. You should make a
record of your competition. This means checking how they advertise, how much they charge, and
how successful they are. You can use these to be more successful than them. You should also make a
marketing plan. A marketing plan is deciding how you will run your business. These include
figuring out your cost for supplies, how you will advertise, your location, how you will finance, and
figuring out taxes and business permits.
When you are figuring out how you want to advertise, there are many different methods you could
chose. Some outlets and media you could use spread your business are TV, radio, newspaper,
magazines, mail, PSA, billboards, business cards, and signs. There are also many techniques that

Unit 6 Business Decision Making
DRAFT Name: Shanzaib K. Malik Address: 1 Whittinghame Gardens, 1089 Great Western Road,
Glasgow, Post code / Zip: G12 0AA Telephone No: 07429532435 Email Address:
Shanzaibmalik@hotmail.com Date: 11/6/2014 Course Name: HNC Business Tutor Name: Jeremy
Oughton Assignment Name: Unit 6: Business Decision Making Unit 6: Business Decision Making
Assist in the development of a Commercial Gas Safety Certificate Business Index Introduction Page
No. 1.1 Create a plan for the collection of primary and secondary data for a given business ... Show
more content on Helpwriting.net ...
The Author can gather secondary data primarily posted online and to analyze the following criteria:
the popularity and growth of the quick service restaurant industry, statistics relating to CO
Poisoning and gas explosions, the number of service visits made for each appliance group and the
average repair cost. The reason why we collected data online is because there are aren't any physical
copies of this data that I have access to for free. We can collect Primary data through the use of
postal questionnaires, personal interviews and analyzing internal profit & loss figures. The only
accurate and up to date statistics relating to carbon monoxide poising and gas explosion incidents
are available online through the official commercial gas safety website. Carbon monoxide and gas
safety website. By exporting the data into graphical format and analyzing the trends relating to
reported incidents and fatalities, we can get a clear picture of the effect raising awareness of gas
safety has had on the number of incidents reported. It also gives us ground to justify our actions
when immediate repairs are required in a commercial property. We can collect statistics on the
number of callouts per appliance type by visiting the HSE.gov website and accessing a report made
on measurements of absolute CO by Advantica Group. The report was carried out by analyzing
5000 service visits in 2001. The

Business Relocation Decisions : Data Tech Inc Case Study
Business Relocation Decisions
Data Tech, Inc. Case Study
Decision on Size of Business Facility
Data Tech, Inc. faces a need to make effective relocation decision owing to the increasing volume of
business and potential for higher volumes with the wave of technology. In order to relocate the
business, there is need to look at a wider spectrum that incorporates immediate business needs and
the potential future needs. In the way, a growing business can make cost effective relocation process
evading constant needs for relocations (Kumar, 2010). According to Kumar (2010), a business'
location serves as an important venture in the company strategy to keep growing while assuring
current and future operational and cost conveniences. Considerations for facility management that
incorporates customer–oriented aspects, comprehensive decision making, usage, space adoption and
company strategic goals are paramount in business relocation (Sliwinski & Gabryelczyk, 2010).
Data Tech, Inc. management should incorporate cost effectiveness and facility management in
making the decision to relocate the business. Using the existing client already acquired, Jeff should
forecast to weigh the size of space needful in the near future. The aspect to be considered include;
market trend, marketing strategies, time taken to acquire the first, second third and fourth clients and
the company's status in the industry. With this information, it is possible to use facility management
to determine the

Business Intelligence Is All About Decision Making With A...
BI and Analytics
Business Intelligence is all about decision making with a data driven approach. It is a broader term
and a super set containing tools, architectures, technologies and techniques that leverage insights
from data (various problems or business processes) for analysis, querying, reporting and
performance improvement. It is based on measuring or analyzing the historical data and past
performance for driving insight and answers to questions like "What occurred?", "How frequently is
occurred?" and "Its impact?". It includes processes and techniques for data collection, data analysis,
data sharing, and reporting using dashboards, illustrative reports and interactive visualizations that
laymen understand, all in the service better data driven decision making.
Whereas, Analytics is a subset of BI, a step ahead in the evolution of Business intelligence. It about
getting answers to further questions like "Why did it occur", "When and what will it occur next (in
future)", "What can be the best option to solution". Analytics contains tools and techniques to detect
patterns, predict future occurrences or events and prescribe the most optimal solution. It is about the
cleaning, processing and analyzing data to detect problems and optimal solutions from trends,
patterns and relationships eventually leading to better data driven decision making.
Moreover, Business intelligence tools facilitates visualization to results of analytics to drive easily
understandable insights.

Case Study : Making The Decision To Have A Business...
Making the Decision to Have a Business Development Manager
To BDM or Not to BDM?
The constantly changing real estate market creates new challenges and opportunities on an ongoing
basis. Many property managers across the country are experiencing similar challenges. Since there
has been notable appreciation, many investors have decided to sell their properties. This change has
started to affect the bottom line of the property management business.
Many of us have been comfortable with modest growth because it replaces a modest attrition. Now,
many are losing more than they are bringing in and are suffering large reductions in the number of
homes they manage. This can leads to cutting costs and possibly personnel as well.
We have a couple ... Show more content on Helpwriting.net ...
They have the focus and motivation to get the property signed up. As the owner of the company you
probably have the same skill set and motivation, but you also have the task of running the company
while handling an onslaught of other details that are just as important.
One of our own selling points that we discuss with prospective owners who are looking to change
from self–managing to hiring a property manager is that they already have a lot of new tasks to do.
When these tasks have to be done along with a day job, it means that most people are unable to
manage it all without being constantly busy and under stress. While it is possible to make it work
and get by, it is important for companies to decide if they want to make it work. Companies can hire
us to do a better, faster job while potentially saving the company money. At the same time, we take
care of the headaches so that you do not have to worry about them. This same kind of argument
applies to hiring a BDM.
The decision to hire a BDM or not boils down to what your goals are. If you are happy with the
status quo, then the natural growth rate might be enough for you to maintain that comfortable level
of minimal growth. If you want to stay at a normal growth rate or increase your income and market
share, then you need a concentrated effort to promote and present your services while acquiring new
properties to manage.
Like most business decisions, hiring for this position needs to be cost

Faster Ethernet Local Area Network: A Beneficial Business...
Challenge: The challenge for Media Maids, will be to convince Harold Bryce that a Faster Ethernet
Local area network will be a beneficial business decision for Feingold Investments. It will be
necessary to keep Bob Albert happy while keeping the scope of the project under control and doing
what is necessary to satisfy the company 's business requirements as opposed to catering to his
personal agenda as Manager of Information Systems. Methodology: The methodology that we will
use will be Enterprise Reengineering Process. Feingold is currently outsourcing their information
systems to ADR Corproration but already have an outdated network and equipment in place. We
will be upgrading the current networking system to speed up production ... Show more content on
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Some critical thinking is needed to pose useful questions. Justify your selection of the techniques
you would use for requirements gathering. Justify Techniques An analyst must define the business
problems that need to be solved. The more involvement by the people using the system, the greater
chance of gathering all the requirements that will make the project successful and eventually the
business more profitable. Developing a list of what the company wants to achieve, not features of
the software they think they want is very important. The only way to do that is to meet with the
stakeholders and be very clear about the scope the of the project and make sure we have it in
writing, everyone is clear and we get it signed off on before we begin the project. By gathering
requirements at meetings, we can demonstrate options as a way to minimize the risk of different
interpretations. These options will include examples of diagrams, pictures, or sample data that
illustrates what the requirements mean. It's always a good practice to consider your audience when
preparing for requirements gathering. Communication In order to keep our staff and team members
updated on the project progress and timelines we will be utilizing Microsoft Project software. We
will also designate a project team member to handle all questions any of our staff may have. Project
Planning & Schedule  Develop project plan (tasks, resources, milestones, and

Evaluation Of A Business Decision Maker Essay
As a business decision maker it is vital to evaluate your research resources. There are many
resources available ranging from free resources to paid subscription resources, research libraries
available in certain locations only, blogs, and business publications. Another alternative would be to
research the company on its own website. While doing the research the researcher must be aware of
the validity and unbiased research available. Free resources are a general starting point in research.
Major problems
Bias: When utilizing free publications such as newspaper articles, blogs and internal company
publications the information is at risk of bias. Published blogs and newspaper articles could
positively or negatively influence the way a particular company can be viewed by the public. If the
article is written by a disgruntled employee or someone wronged by the company then it can be
written in a bias of negativity. However, if the blog is written by someone who aims to boost morale
for stakeholder information it could be biased towards the positive. This could result in distorted
facts about the company either negative or positive depending on the author.
False Information: Free publications could also possibly distort profit or loss numbers designed to
fraud stakeholders. For example, Enron issued inflated profit reports to keep their stakeholders
investing in the company while the executives in the business knew the actual profit and loss
numbers and used that information to

Levels Of Decision Making Within A Business
Contents
Levels of Decision Making 2
Strategic 2
External 2
Internal 3
Tactical 3
External 3
Internal 3
Operational 4
External 4
Internal 4
Information Systems 4
Executive Information System 4
Decision Support System 5
Transaction Processing System 5
Legislation 5
Data Protection Act 1998 5
Computer Misuse Act 1990 5
Communication Systems 6
Local Area Network (LAN) 6
Wide Area Network (WAN) 6
Intranet 6
Threats to Security and Security Procedures 7
Trojan Horse Virus 7
Phishing 7
Spam 7
Information Communication Technology Innovations 8
Touch Screen Technology 8
Web 2.0 8
Wireless technology 8
Levels of Decision Making
There are three levels of decision making within a business:

Strategic
Strategic decisions are made at a high level, for example, CEO or owners. These decisions are long–
term and will affect the future direction of Ice Queen. These decisions may occur once the company
has conducted a SWOT Analysis to look at their strengths (internal), weaknesses (internal),
opportunities (external) and threats (external). Once Ice Queen has evaluated these, they can then
begin to make strategic choices to improve on these results. These choices maybe to explore other
products, mergers or expansion of the company.
External
There are PESTEL factors that can influence the implementation of a strategic decision. The
Economic factor that can influence the strategic decision is the demand for frozen food products. Ice
Queen saw this is an opportunity to expand

Different Structures Of Existing Business At The Time Of...
It is a pleasure that you choose us as your consulting firm. Mr. Owner, first of all, you must need a
complete understanding of the advantages and disadvantages of the different structures of existing
business at the time of decision–making and implementation. Below will explain the different types
and also our suggestions according our experiences as a consulting firm. A sole proprietorship is a
business that has a single owner who is responsible for making decisions for the company. The costs
are minimal it only requires a business name fictitious, a bank account and a commercial license.
The exclusive property does not have double taxes on profits, such as in other business structures as
in corporations. All taxes are reported in the statement of the individual owner. The owner has
unlimited liability for the business and vice versa because legally there is no difference between the
owner and his business. The Society is limited to only one person you cannot integrate a partner.
Two or more persons who share the responsibility of leading the company form a society. The
Society the main advantage of a society is that it allows you to integrate one or more partners to
invest in the business. This also avoids double taxation. Each partner is joint, severe and personally
responsible for the obligations of society. If the assets of the society are insufficient to meet a claim
of a creditor, personal assets will be liquidated to pay the debts of the business. The Society is

“Knowledge of the Process That Organisational Buyers...
"Knowledge of the process that organisational buyers follow in making purchasing decisions is
fundamental to responsive business marketing strategy."
INTRODUCTION
In today's globalised and forever changing world of business, different organisations around the
world are finding it very difficult not only to compete but also to be managed efficiently and
effectively by management. The world of business is very volatile and forever unpredictable and
this is caused by changing and difficult forces, both within the organisations and surrounding the
organisations either directly or indirectly .These rapidly changing forces affects organisations as
well as the organisational buying process. The organisational buying process explains the time ...
The three major types of organizational buying situations include the new task, straight re–buy and
modified re–buy.
ENVIRONMENTAL FORCES
The environmental forces that encircle the organisational buying process include economic factors,
political factors, technological factors as well as cultural factors. Economic factors are
macroeconomic issues which includes rising interest rates, inflation and sky rocking fuel prices
(Palmer, A. 2000).This is by far the most recent unpredictable force that encircles all organisations,
because all organisations operate in these economic conditions both nationally and internationally.
Rising and unpredictable inflation and interest rates around the world have created major
uncertainty about future transactions. This have major influence on the organisational buying
process which is responsible for buying products or services for future use, the buying center is
uncertain about the cost of products or services. For example the department of South African
Defense Force might what to buy new war plane from Boating corporation, this will take a lot of
time because they are many people involved in the decision making process. This decision can take
maximum of up to three years and during this time the rate of inflation and rising interest rates will
make the plane to costs much more.
Technological forces
The world today is fast developing and technology is one factor

Decision Support and Business Intelligence Systems 9th...
Decision Support and Business Intelligence Systems, 9th Edition
Decision Support System
– HW #1 –
Chapter 1. Exercise 2 & 3
Chapter 1. Internet Exercise 4 & 8
< Chap 1. Exercises 2 >
Enter the TUN site and select "cases, projects and assignments." Then select the case study:
"Harrah's High Payoff from Customer Information." Answer the following questions about this case:
a. What information does the data mining generate?
Answer) Customer behavior and preference related data.
It is needed to analyze customer behavior and preference data. To generate the necessary data and
understand customers' preferences, Harrah's had to mine the data.
From ... Show more content on Helpwriting.net ...
* Developed strategies to retain the top high value customers. * Developed strategies to move
unprofitable customers to lower cost distribution channels, different products, or pricing structures
that boost profitability, while still focusing on customer needs and preferences; developed strategies
to expand relationships with all customers. * Redesigned products and distribution channels to
increase profitability and better meet customers' needs and preferences. * Redesigned information
flows, work processes, and jobs in order to meet customers' needs and increase their use of
profitable products.
3. What operational and tactical advantages were achieved?
They are: * Client Information: customer Preferences and Profiles.
This information is used in many ways, including targeting marketing efforts and in designing the
best mix of distribution channels. By better understanding the preferences of high value customers,
FAC was able to design marketing programs that increased revenues by 15% in this market
segment. * Flexible Product Lines: Product Profitability Analysis for Seniors Accounts.
It helps FAC to know the profitability of its various products. FAC was able to improve its risk–

adjusted returns on equity from less than 20% to over 50%, while experiencing no overall loss in
account balances. * Consistent Service: Contact Management

The Challenges Of Values And Ethics Based Business...
The challenges of values and ethics based business decision–making in the current global market
place is creating a positive corporate culture that requires a strong conviction by its members by
offering corporate values and ethics which are essential in running an effective business (Henle,
2006, p. 347). Additionally, due to the differences in cultural ethics globally organization ethical
standards can be transferred universally when they are deemed as trustworthy, credible, economical,
and reliable (Manroop, Singh, and Ezzeden, 2014, p. 79). Therefore, it is essential for an
organization to ensure everyone is embracing these important concepts that a system of ethics built
on openness and honesty be conveyed in their communication by providing full disclosure, for
instance, by not hiding the truth can avoid legalities and other ramifications down the line with their
products and services. Ultimately, an organization that have displayed and have garnered success
with their corporate ethics and values would be IKEA. This organization successful entry into the
global market consisted of their ability to identify a specific market division that consisted of
youthful and modest income leveled consumers whose needs were not being addressed in the
furniture retail market; in which, IKEA took the initiative to distinguish themselves from their
competitors by providing and selling good quality furniture at lower prices. In addition, another
basis for IKEA's successful

How Tech and Globalization Boost Business Performance

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