III- Literature review and background Human Capital and the importance of improving the workforce: Starting by defining the term ‘Human Capital’: “Human capital is a measure of the economic value of an employee's skill set. This measure builds on the basic production input of labor measure where all labor is thought to be equal. The concept of human capital recognizes that not all labor is equal and that the quality of employees can be improved by investing in them. The education, experience and
follower must be incorporated in the strategic planning process. A pioneer strategy is compatible with the choice of a broad or a focused differentiation strategy. A follower strategy is compatible with the choice of a broad or a focused low-cost strategy. (analogous to Kaplan, Norton, 2004). Indeed, pioneers gain advantage by making first moves in technology, product or marketing innovation. These advantages are called first-mover advantages. Other enterprises are followers, they aim to maximize the late-mover
1. Introduction Enterprise resource planning (ERP) system is one of the most important factors in business today (Leay and Thomschke 2015). Many definitions of the ERP system have been developed over the time. According to Kummar et al (2000) ERP is “configurable information systems packages that integrate information and information-based processes within and across functional areas in an organization”. In other words ERP system is a software package system with a multi module applications (Noudostbeni
1.2 Strategic Enterprise Architectures Modeling The development of a strategic enterprise architecture framework requires the development of a set of components that characterize the enterprise architecture. These components include the definition of enterprise modeling language which is structured in terms of motivational and behavioral perspectives, the specification of modeling guidelines to guide the development of models in such language and the selection of automated analysis and decision-making
Business planning is a process that follows the logic input-transformation-output. The inputs are given in the information to be provided by the areas of the business, such as: commercial or marketing, production of logistics, human resources and finance, the economic area or planning to it is to draw up a proposal based plan as possible. The transformation can be seen in the application of the techniques and necessary for the development of the analysis plan, and the output is specified in the document
the 45-year race for the faith of health of Vietnamese people, TRAPHACO, with more than 800 employees and 50 billion VND, has brought position and power of development with experiments and reform strength. Our company’s vision is to be the biggest enterprise of pharmaceutical industry in Vietnam With the slogan “Take science and technology centered,
INTRODUCTION OF MANAGEMENT Management functions include: Planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Management is an art of getting the work done through other effectively and efficiently. Management is a distinct process consisting of planning, organizing, actuating and controlling; utilization in each both science and art, and followed in order to accomplish
The value of Management “Management is an art of knowing what to do, when to do and see that it is done in the best and cheapest way”. F.W. Taylor Why has the study of Management Science become so relevant in the last few decades? The purpose of this research is to clarify the role that Management Science plays nowadays. Firstly, this paper analyses management’s origins, explaining how this new field of study was created, as a consequence of an urgent need, which combined multiple scientific fields
the introduction and literature of asset management and then followed by some case studies which will be describing the importance of asset management. Finally Conclusion will finalize the report on Asset Management. Sources and relevant examples are explained in the report with their references given at the end of the report. Keywords: Assets, Asset Management, Importance, Application and Case Studies. Contents ABSTRACT 1 List of
spark contains unsuspected potentialities and possibilities. MEANING OF HUMAN RESOURCES From the national point of view, the human resources can be defined as the total knowledge, skills, creative abilities, talents and aptitudes obtained in the people whereas from the place of the individual enterprise, they represent the totality of the integral abilities, acquired knowledge and skills as established in