their experience and knowledge with other members of the organization. Knowledge is the power that enables organizations to improve productivity and to provide value to the group and individuals. Intellectual capital is the competitive value of any business system. The appeal of an organization or of belonging to a certain group depends upon the satisfaction of each group member. A manager, who wants a team comprised of satisfied, motivated and productive members, must have the capacity for understand
heterogeneous databases of various departments of a business. Business intelligence (BI) are collection of methods and techniques that are utilised for analysing those data stored in data warehouse. The business decision makers make a business decision based on the data analysis. Thus data warehousing and business intelligence are related to each other. An organization requires data warehousing and business intelligence process for improvement of business. From small to large organisation can use the concept
DIKAR/RAKID Model Case Study 1 This study represents a BI model for a leading technology and solutions provider DAI Source. Their first step to themselves providing a comprehensive business solution that would enhance their budgeting, planning and reporting it was essential that the raw structured data they had gathered was general client information such as names, reports, products bought and assuring that clients were guaranteed a modernized dashboard (DAI Admin, 2015, p.1). This allowed them to
successful implementation: I. Data warehouse helps in the Enhancement of Business Intelligence: Managers and executives will be able to make business decisions on the basis of the data gathered from various sources with more accuracy. Data warehouse stockpiles different facts and figures, and helps the decision makers to take better decision. Furthermore, data warehouse can
positive or negative accident because the risk is the possibility to suffer loss or gain. They have two dimensions, likelihood of occurrence and severity of the potential consequences (Akira Hirai 2009). Nevertheless, risks have a strong incidence on business. The review of the literature about the risks of failure is discussed in the next point (see further Chapter 2.4.3) 2.4.2 Risk management The art of risk management is to identify the risk unique to a project and to respond to that danger in an appropriate
important for business success, it is also vital to understand the current level in each entrepreneurial community by identifying which factors are lacking that needs to be improved as a means to foster the success of entrepreneurs. The above statement relates with the fact that business success in the new economy is merely not a function of relevant skills; but requires people with entrepreneurial mindsets. A mindset is a person’s way of thinking about various available business options. An American
skilled workforce has increased considerably, it has become critical for everyone to sharpen soft skills along with technical knowledge and expertise. With the changing demands expectation of business enterprise with workforce is also changing. And to meet the ever increasing demand and expectation of business enterprise, workforce has left with no choice but to be equipped with sound knowledge of soft skills in combination with hard skills before entering the job market. There is infinite growth in
run the business in a smooth way and to sustain in the market for a longer span of time as market leaders. Mystery customer research is a technique of quality assessment in the retail sector, and also in the service sector which is growing rapidly in popularity after 1980’s. Molly MC Donough (2004) in her research article has stated that secret shopping helps to bring about a quick resolution to the problem when business owners know what they are missing in their business opportunities
customer data over time and numbers, patterns emerge. Customer segmentation helps retailers in understanding the broad groups of customers and their spending pattern and behavior. It can help a business understand the characteristics of the most profitable
Why does g matter? Intelligence has been proved to be a relatively sable trait with a high heritability but a very low environmental depenency. It has a functional importance in life, it is necessary for reaching objectives and has nothing to do with morality, existence and utility. For practical purposes, g is the ability to cope with cognitive