Management Information System Management Information Systems (MIS) provides information to managers and help them in decision-making based on databases. Data analysis plays vital role in determining which resources to use in order to achieve the mission of an organization. The world is developing an increasingly global market and economy. The basic management information system measures inputs and/or outputs, allowing managers to analyse the relationship between them and make decisions base...
Dell & HP - two rivals continuously trying to beat each other for the number one tag in the PC and related industry. Since early 2000's to till date, there are notable differences in their long term strategies and counter competitive strategies, yet they share a common desire- to be the number one!! Dell's Strategy: "High Quality, More Powerful, Faster, Customized and Cheaper". For every new product or service it introduces to the market, Dell consistently implements its startup mindset of "b...
Innovation is not something new. It has always been companies' everyday challenge to adapt and to innovate, to reach more and more customers and gain a competitive advantage. But today, with the explosion of the web and the growing globalization, competition has never been so high. So even if, innovation was useful in the past, today it has become critical for companies to survive. This acceleration of revolutions in business those last years led to the creation of a new position in the corpo...
Introduction: Personal development is the vital practice that needs to be adopted to ensure the achievement of strategic ambitions of an organization. The manager of an organization cannot perform well without developing his potential to extreme professional level. The personal development further enables the manager to analyze the progress direction of that organization. This ensures the progress of that organization. The achievement of those strategic ambitions solely depends upon the objec...
What is your understanding of leadership? Explain the general concepts of leadership. Leadership is a process by which a person influences others to accomplish an objective and directs the organization in a way that makes it more organized and logical meaning Leadership is a process whereby an individual influences a group of individuals to achieve a common goal. Leaders carry out this process by applying their leadership knowledge and skills. However, we know that we have personality that ca...
The word redundancy to a lay man is the way of downsizing the number of workforce in an organisation. According to Lewis 1993, cited in Sutherland, 1997, (p181) "redundancy from a legal perspective is a dismissal attribute wholly or mainly to either the actual or intended stoppage of business "be it temporary or permanent. When viewed from the human resource management option, there is need to distinguish between various options because in practice, there are different strings attach to it wh...
What was the key weakness that Skoda was able to identify? One of the successful global brand is Skoda, which producesses their products in today's strong competitive market. In order to get more competitive edges and more shares in market, Skoda identify their internal weaknesses and try to reduce them. Internal weaknesses are the things that business not good at, that it is ineffective at or that it has a poor reputation for. It also includes the factors that cause losses, hardships, disput...
The main purpose of the essay is to concentrate on the key essentials in Ryanair's internal environment according to the case study 'Ryanair low-fare model company' (O'Higgins, 2007). By identifying those elements and critically analyzing their effect on the company 's strategy, the paper will focus on how these factors form the organization strategic capabilities and are used to gain competitive advantage. Using the resource-based view firstly introduced by B.Wernerfelt (1984) it discuss how...
Introduction Insurance, in the words of a layman, means managing risk. For instance, in life insurance segment, the insurance company tries to manage mortality (death) rates among the wide array of clients. The insurance company works in a manner by collecting premiums from policy holders, investing the money (usually in low risk investments), and then reimbursing this same money once the person passes away or the policy matures. The greater the probability for a person to have a shorter life...
Resource Based Perspective This chapter gives a detailed overview of the resource based perspective and how this may be relevant in the management of facilities and support services. The manner in which organisations use their resources to achieve and/or sustain a desired level of performance positions this research within a resource based framework. This perspective considers organisational competence and capabilities in terms of the use of resources. . Traditionally the resources considered...
