Tag: business

Business Information and effective Business Management

Business information is critical for strategy formulation, marketing plan development, economic sourcing of materials and supplies and other business needs.

Along with scientific, technology & medical and education/training information, business information delivery has been transformed by the Web.

Business information consists mainly of market research reports for different industries/regions, company information including credit and financial info, economic analyses of countries and industries and news on developments of business interest.

How is Business Information Used?

As discussed in the article on business strategy development, strategy formulation depends heavily on gathering information about external environment, market trends, competitors, technology developments, and prospective customers and their plans.

All these come under business informations. Continue reading “Business Information and effective Business Management”

 

A Business Structure for Superior Performance

How Organization Structure and Policy can Create Success

Imagine a workplace where everyone is allowed to do whatever they want.

It is not as risky as it first sounds looking at the new context of information access and knowledge. A task for management is to set forth what has to be done first in order to allow people to do what they want without creating total chaos. This is an empowerment that does not equal anarchy.

A networked company uses teams, and those on the teams are provided with knowledge of their process to include its design, documentation necessary, and any necessary training on it for those involved in its structure and conduct. Continue reading “A Business Structure for Superior Performance”