The main advantages of computerizing the activities of business organization are as follows: Advantages: 1. Speed: Computerisation helps in processing the data placed in several data files in no time. This is possible due to the high speed of computers for processing data and CPU of the computer works at the speed of electricity which is the highest ever attainable speed. 2. Accuracy: The data processed by the computer are highly accurate. The programs written on the system checks and controls
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Corporate Strategy "Sources of competitive advantage rarely yield added value that can be sustained over time." The following essay is going to attempt to assess the above proposition and try to find if it is possible to add value continually over a period of time. I will first discuss what competitive advantage is and what it means to a firm. Then I will explain the sources of competitive advantage and how the distinctive capabilities of a firm allow it to sustain added value. The discussion
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1. Competitive advantage A distinctive competence is a unique firm-specific strength that allows a company to better differentiate its products and/or achieve substantially lower costs than its rivals and thus gain a competitive advantage. Resources are financial‚ physical‚ social or human‚ technological‚ and organizational factors that allow a company to create value for its customers. Company resources can be divided into two types: tangible and intangible resources. Tangible resources are something
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ADVANTAGES OF CCTV Crime prevention has been somewhat a battle that most authorities face as they try to come up with new measures to deter crime and anti-social behaviour among citizens. One of the ways to prevent these problems is by using Closed Circuit Television (CCTV) in places where there are crime risks such as shopping malls and banks. The CCTV can be defined as the use of video cameras to transmit signals or images to a specific place or set of monitors‚ which allows close monitoring
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Advantages of Total Quality Management (TQM) Improves Reputation - TQM programs have the advantage of improving corporate as well as product reputations in the marketplace‚ because errors and defective products are discovered much more rapidly than under a non-TQM system‚ and often before they are ever sent to market or found in the hands of the public. Higher Employee Morale - Compared to employees who are motivated‚ disengaged workers are less efficient‚ miss more workdays and cost organizations
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many more advantages as well. In summer there is nothing better than a glass of clean and refreshing water‚ and not to mention the fun that we have when running around the sprinklers and feeling the coolness of the water. However‚ do you ever imagine this all not being there anymore? Or imagine not being able to drink water from your own sink‚ not running around the sprinklers‚ and let’s not forget the splashing with the water hose? All because of the dangers and risks you run whenever being in contact
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Simple life and peaceful mind are very close friends!” Well actually there are many advantages to a simple life and many benefits to keeping things as quiet as possible. For one it’s very good for your health: as you aren’t rushing around from one event to another you won’t be tiring yourself out‚ and as you are eating healthy and light meals you’ll be keeping your body well fuelled and steering clear of foods that could cause heart problems or high blood pressure. On top of that you’ll also be
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Advantages of the Smart Phone Blythe Oade Baker College Smart phones combine the versatility of cell phones‚ gaming consoles‚ PDAs‚ and personal computers into one handheld device. Whether people need them for personal or business use‚ they can find a smart phone to customize that meets their liking. “It seems America is getting hooked on the smart phone. We depend on these modern Swiss Army knives for everything from planning our schedules to checking the news‚ finding entertainment and managing
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I have chosen the Comparative Advantage Theory for my key term to discuss. I chose this term because it has a great importance on world trade clearly help shape the pattern of world trade‚ and also to get a better understanding of the concept. Comparative Advantage is the benefit or advantage of an economy to be able to produce a commodity at a lesser opportunity cost. According to Satterlee (2009)‚ opportunity cost is the value of what had to be given up‚ or forgone‚ to consume or achieve the object
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Family Ties Karla Wrinch PSY 202 Rick Reed I. Where did you live? a. Akron‚ ohio b. South Akron c. North Akron II. What were you like as a teenager. a. Outgoing b. Talent shows c. Cirlce of friends II. Do you have a family now. a. Single parent b. Three Daughters c. Owned property III. What
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