Lesson 1 BUSINESS AND ITS ENVIRONMENT NATURE OF BUSINESS Business may be understood as the organized efforts of enterprise to supply consumers with goods and services for a profit. Businesses vary in size‚ as measured by the number of employees or by sales volume. But‚ all businesses share the same purpose: to earn profits. The purpose of business goes beyond earning profit. There are: • It is an important institution in society. • Be it for the supply of goods and services • Creation of
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Oracle Business Intelligence: A Case Study Introduction We live in an everyday changing world where technology is constantly generating data and valuable information for organizations and communities‚ which is often overlooked or undervalued. Business Intelligence is a concept‚ accompanied by a set of tools and techniques that powers the use of data towards business strategies and goals already established. It enhances the use of technology for competitive advantage through better use of information
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Environmental scanning MGT/498 October 29‚ 2012 John Fritch Environmental scanning Coco-Cola and Pepsi are two major competitors in the beverage industry but each company is working on being different even though each company has similar products. Both companies are very popular and each company needs to develop and maintain a competitive edge that will help one or the other stay above the other. To gain a competitive edge‚ measurement guidelines need to be implemented to make sure that
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TSMO9801 HOSPITALITY BUSINESS DEVELOPMENT (ASSESSMENT 1) ESSAY PLAN EVALUATE THE STRATEGIC BUSINESS ENVIROMENT IN WHICH HOSPITALITY BUSINESSES ARE CURRENTLY OPERATING WITHIN YOUR COUNTRY. BASE YOUR ANSWER UPON A TYPE OF HOSPITALITY BUSINESS OF YOUR CHOICE AND ILLUSTRATE IT WITH APPRO PRIATE EXAMPLES. DATE OF SUBMISSION: 28TH FEBUARY MATRICULATION NUMBER: 40133726 These essay discuses about the strategic business environment in India‚ and the parameters
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Business Intelligence Plan Executive Summary The purpose of this report is to explain the importance of Business Intelligence and all of its components for implementation into the business structure. During the recent years obtaining useful information in real time has become something that is extremely important‚ if not even a critical‚ factor of success for companies. The time managers have available for use in making business decisions has been reduced dramatically
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BUSNESS ENVIRONMENT Acknowledgement First and above all‚ I praise almighty Allah (subhana wa taala) for endowing me with health‚ patients and knowledge to complete the assignment successfully. I am extremely grateful to my parents for their love‚ caring and sacrifices they have made for my education and preparing me to face my future. Your prayers is what have supported me to go so far and help me to stand firmly where I am now. I am particularly thankful to my lecturer
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Transformation through Business Intelligence Deployments Business intelligence (BI) is a broad category of applications and technologies for gathering‚ storing‚ analyzing‚ and providing access to data to help enterprise users make better business decisions. BI applications include the activities of decision support systems[->0]‚ query[->1]and reporting‚ online analytical processing (OLAP[->2])‚ statistical analysis‚ forecasting‚ and data mining[->3]. Business intelligence applications can be: Mission-critical
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the different types of resources that businesses use to perform effectively. These resources come from four different areas: human‚ physical‚ technological and financial. Human resources are anything that relates to people in the business - for example‚ staff and managers. Physical resources are those that are physically used by the business - for example‚ land‚ raw materials‚ buildings or equipment. Technological resources are those that make use of technology - for example‚ computers‚ software
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operations .BI is neither a product nor a system. It is an architecture and a collection of integrated operational as well as decision-support applications and databases that provide the business community easy access to business data. BI Is 1st coined by IBM researcher Hans Peter Luhn in 1958. He Defined intelligence as the Ability to apprehend the interrelationship of presented facts in such a way to guide action towards desired goal. Involves PEOPLE and Technology. Involves using a rational
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After the completion of the given multiple intelligence quiz‚ I was quite astonished by the accuracy of how my most dominant intelligences were intrapersonal (90%)‚ verbal-linguistic (80%)‚ alongside with logical-mathematical (80%) intelligence. From past experience‚ I have found myself to be very introspective‚ intuitive‚ as well as being adept at decoding my thoughts‚ feelings‚ and motivations. These traits are apparent through my prosaic‚ everyday life‚ such as my ability to comprehend my strengths
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