Information technology (IT) is the application of computers and telecommunications equipment to store‚ retrieve‚ transmit and manipulate data‚[1] often in the context of a business or other enterprise.[2] The term is commonly used as a synonym for computers and computer networks‚ but it also encompasses other information distribution technologies such as television and telephones. Several industries are associated with information technology‚ including computer hardware‚ software‚ electronics‚ semiconductors
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long run is sustainable competitive advantage. There are two basic types of competitive advantage a firm can possess: low cost or differentiation. The two basic types of competitive advantage combined with the scope of activities for which a firm seeks to achieve them‚ lead to three generic strategies for achieving above average performance in an industry: cost leadership‚ differentiation‚ and focus Cost leadership Strategy: This strategy involves the firm winning market share by appealing to cost-conscious
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planning. FACTORS INFLUENCING STRATEGIC CHOICE DECISIONS 1. Role of Past strategy. 2. Degree of firm’s external dependence. 3. Attitude towards risk.. 4. Internal political consideration & the CEO. 5. Timing. 6. Competitive reaction. SUCESSFUL STRATEGIC MANAGEMENT MEANS : * Resolving tension‚ which arises out of diametrically opposed requirements placed on organization and behavior. * Total control of the business‚ management of change of all kinds and handling of disturbances
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Case Study 2 – Internal Control TO: LJB Company President FROM: Andrea Johnson DATE: February 8‚ 2013 SUBJECT: Internal Control It is with great pleasure that we can provide you information and advisement on internal controls that will assist LJB Company with going public. We understand that you have communicated your concerns and expect that this report will assist you with deriving conclusions. This report will: 1. Inform you of any new internal control requirements in reference to
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CHAPTER 9 Strategy Review‚ Evaluation and Control True/False The Nature of Strategy Evaluation 1. If strategy implementation is successful‚ an enterprise can be lulled into complacency with success. Ans: F Page: 300 2. Adequate‚ timely feedback is important to effective strategy evaluation. Ans: T Page: 300 3. Too much emphasis on evaluating strategies may be expensive and counterproductive. Ans: T Page: 300 4. Strategy evaluation
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Business Strategy Introduction: Strategic planning is essential for evaluating the competitive context where an organization runs. And also for making reasoned and reasonable referrals for just how that company should position itself and exactly what actions it need to require to make best use of worth creation. The main objects of strategic planning are to recognise the advantages‚ which are: to understand the product finding out the answers to successful planning and implementation
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Communicative English Bachelor of Information Technology First Year First Semester Course Description: This course is designed for the students of BIT level: first year first semester of Purbanchal University who have completed either Diploma level in Engineering or I.Sc. or +2 from any institution recognized by this university. It intends to develop and strengthen in students the basic and communicative skills in the English language with emphasis on speaking‚ reading and writing.
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Importance of logistics and supply chain management Even as companies have learnt to squeeze efficiencies out of their manufacturing plants through concepts like just in time replenishment‚ statistical process control‚ and lean manufacturing practices‚ they still find that moving goods and services through several layers of their global supply chains is time consuming and costly. Logistics and supply chain management has become one of the last frontiers that still remain to be conquered by most
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THE INTERNAL CONTROL SYSTEM The internal control system includes all the strategies‚ policies and procedures adopted or instituted by the management of an entity to assist in their objective achieving as far as practicable‚ the orderly and efficient conduct of the business and includes adherence and compliance to management policies and applicable laws and regulations; the safeguarding of assets; the prevention and detection of fraud and error‚ the accuracy‚ reliability and completeness of the accounting
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there’s a new idea for a product – to eventually providing ongoing support to customers who have purchased the new product. Product strategy Product management and its role in company management Lecture 1 • Every organization conducts product management‚ whether it’s done intentionally or unintentionally. Product related decision proces as content of scientific interest In literature are for product related decisions used different terms: •Product policy‚ (popular in German literature i
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