Business in the Digital World

000Business goes to Cyberspace It is a well known axiom of doing business in any industry that those who do not stay in step with the times will be those companies that eventually die out. There is no place where that truism is more evident…

Triple Bottom Line

100Triple Bottom Line (or generally noted as TBL or 3BL) is a bookkeeping structure with three sections: social, natural (or environmental) and money related. Numerous associations have embraced the TBL system to assess their execution in a more extensive viewpoint to make more noteworthy business…

Scenario Analysis

200Scenario Analysis is a process of analyzing possible future events by considering alternative possible outcomes (sometimes called “alternative worlds”). Thus, the scenario analysis, which is a main method of projections, does not try to show one exact picture of the future. Instead, it presents consciously…

Requirements Management

100Requirements Management is the process of documenting, analyzing, tracing, prioritizing and agreeing on requirements and then controlling change and communicating to relevant stakeholders. It is a continuous process throughout a project. A requirement is a capability to which a project outcome (product or service) should…

Learning Organization in Business Term

100A Learning Organization is the business term given to a company that facilitates the learning of its members and continuously transforms itself. The concept was coined through the work and research of Peter Senge and his colleagues. Learning Organizations develop as a result of the…

Workforce Management

100Workforce Management (WFM) encompasses all the activities needed to maintain a productive workforce. Under the umbrella of human resource management, WFM is sometimes referred to as HRMS systems, or Workforce Asset Management (WAM), or part of ERP systems. Specifically, workforce management includes Payroll and benefits…

Survival Analysis

000Survival Analysis is a branch of measurements for breaking down the normal span of time until one or more occasions happen, for example, demise in natural living beings and disappointment in mechanical frameworks. This point is called unwavering quality hypothesis or dependability investigation in building,…

Product Service Life

100A Product’s Service Life is its normal lifetime, or the satisfactory time of utilization in administration. The time any fabricated thing can be required to be “serviceable” or bolstered by its maker. Expected administration life comprises of business arrangement, utilizing devices and estimations from practicality…

Information Management in Business Organization

000Data administration (IM) concerns a cycle of authoritative movement: the procurement of data from one or more sources, the custodianship and the circulation of that data to the individuals who need it, and its definitive manner through filing or erasure. This cycle of authoritative inclusion…

Systems Thinking

000Systems Thinking involves the use of various techniques to study systems of many kinds. In nature, examples of the objects of systems thinking include ecosystems – in which various elements (such as air, water, movement, plants, and animals) interact. In organizations, systems consist of people,…

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