Specifically the use of information technology can be used to streamline communications, enforce business rules, manage knowledge, etc. It can either make existing processes more efficient or enable processes that hitherto were impossible if attempted manually or with archaic technology. The scope of enablement includes internal functional areas as well as the external value chain comprised of vendors and customers. In general, Functions it can help in Permitting communication between value chain activities that could not take place otherwise Making communication situations between value chain activities more effective
Eliminating unnecessary person-to-person communication by making information available through the web or other computerized means
Making communication systematic between the value chain to minimize wasted effort and confusion. For example, it can help in outbound logistics through point-of-sale: (POS) that allows a system that uses barcodes to generate customer bills. Many supermarkets now give their repeat customers an ID card. Using ID cards in conjunction with POS systems provides an extra benefit, namely a history of every item the repeat customer purchased. It can help in direct marketing that helps in the process of selling through communications addressed to specific customers who are likely to be interested in the product. Similarly, it can help in sales force automation that helps in data handling and data retrieval tasks related to sales business. Beyond, it can help in increasing the customer interactions such as service calls, website activity etc.
Conclusions
With growing capabilities, along with reduced cost, of information systems, it has become the cornerstone for increasing the effectiveness and efficiency...
Market Forces on Corporate Values In corporate settings, corporate values are today being affected by market forces relating to diversity and changes in demographics in America. Employers have begun to recognize the need to address the new face of the workplace and the new diversity caused by the shift in demographics. They have made strides to diversify the workplace and make the new demographics of their business place work just as well,
Business Society and Corporate Values There has indeed been a great deal of discussion regarding CEO compensation, which is rightly viewed as being completely out of line. The core problem and cause of inflated CEO salaries cannot be attributed to a single reason, but is rather the result of a range of inter-connected factors. What is definitive is the fact that these salaries have inflated over time; this is in part
Business Ethics Corporate Values Love Canal Scandal The Love Canal situation dealt with a chemical company that buried there toxic chemical waste and then sold the land that was contaminated. The Hooker Chemical and Plastics, Co. bought a canal that was unfinished because the owner went bankrupt before he got to finish it. Hooker then filled a large area, a 3,200 ft. section of the canal with chemical waste. It wasn't Hooker alone
hedging provides to non-financial firms to manage financial risks. Also to analyze how does hedging add to the corporate value if it does. Hedge can be describes as an investment which is intended to offset the potential losses which the company might have to face in future for the investment made. A hedge can be created by many forms of financial instruments which include insurance, swaps, forward contracts, stocks and
Corporate Social Responsibility (Sony) Corporate social responsibility (CSR) is no longer a tenable option to just be silent. Companies have to take responsibilities of their actions as a result of the impacts their businesses causes to the community and their stakeholders. For example during the recent oil spill of the British Petroleum Company (BP), at the coast of United States, the U.S. government did not remain silent on the issue but
Mercedes-Benz determined that an annual increase in the score of a corporation of a single statistical point on the customer satisfaction barometer five years consecutively corresponded to more than an 11% increase in profitability (Ross, 2002). Mercedes-Benz also determined that generating positive attitudes among its employees was essential to achieving high employee retention rates and to maintaining a positive work environment (Russell-Walling, 2005). The company determined that this is particularly
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now