Business Intelligence: Decision-Making & Information Systems
How Different Decision-Making Groups Use Business Intelligence
Operational and middle management are generally charged with monitoring the performance of their firm. Most of the decisions they make are fairly structured. Management information systems producing routine production reports are typically used to support this type of decision making. For making unstructured decisions, middle managers and analysts will use decision-support systems with powerful analytics and modeling tools, including
Read MoreHuman Resource Management: Functions, Trends, and Strategies
What is Human Resource Management (HRM)?
Human Resource Management (HRM) is the structured effort to manage employees effectively and align their objectives with the organization’s goals. It includes activities like job analysis, recruitment, selection, onboarding, training, performance evaluation, compensation, and employee engagement. Effective HRM ensures a balance between business objectives and employee satisfaction.
HR Functions and Roles
HR professionals play various roles, including:
- Functional
Statistics: Definition, Uses, and Importance in Education
Understanding Statistics: Definition, Uses, and Importance in Education
The word “statistic” is derived from the Latin word “status” (meaning state or condition) and the Italian word “statista” (meaning statesman). It originally referred to data about the state or government but later evolved to mean the collection and analysis of numerical data.
What is Statistics?
Statistics is the branch of mathematics that deals with collecting, organizing, analyzing, interpreting, and presenting data to make informed
Read MoreEffective Expository Texts, Reports, and Brochures
Expository Texts
The intent of any text is to communicate. To address an issue objectively and orderly, we use an expository text.
Features
- Objectivity: The author should not express personal opinions but present information objectively and neutrally.
- Structure: The text must be clear and well-organized.
Standard Structure
- Introduction: Introduces the topic.
- Development: Presents the main and supporting ideas, often including examples.
- Conclusion: Revisits and summarizes the main idea.
Types Based on Audience
- Disclosure
Mastering Communication: Definition, Examples, and Effectiveness
Definition of Communication
Communication is receiving and supplying information.
Examples of Receiving
- Reading books
- Listening to the news
- Attending a lecture
- Taking information from the internet
Examples of Supplying
- Writing letters to others
- Writing a report or memo
- Talking to a friend on the phone
- Delivering a lecture
- Designing a presentation on the computer
How Communication Works
The supplier provides communication through signs or signals.
The receiver senses them through their five senses.
Then, the receiver
Read MoreInnovation Models and the Innovator’s Mindset
Innovation Models
Linear Innovation Model
Development, production, and marketing.
Interactive Model
- Feedback allowed
- No clear starting point
- Target market observation and focus groups enable understanding of consumer needs and expectations, gaining customer insight, and providing an improved basis for innovation.
Network Model
- Emphasis on external linkages
- External inputs affect each business function: marketing and sales, finance, engineering and manufacturing, and research and development.
- Coordination