Organisational Profile
opinion Essay
1118 words
Organisational Profile
INTO UEA is part of a rapidly growing network of university-based study centres. It provides new and higher quality standards of preparation for undergraduate and postgraduate study in the UK. Combining the resources of University of East Anglia with major independent investment, INTOUEA delivers a world-class educational and cultural experience for international students, with fast, effective and assured progression to university degree courses. Having students from all around the world and being responsible for their development for higher education, it is imperative of the establishment to be run effectively and efficiently. To achieve this, it needs to be able to make learned decisions at every level of the organisation.
Business situation
The organisation needs to find a new way to give quality business and student performance information to users across the organisation. Additionally, it needs a better way to manage and access complicated metrics designed to measure the progress and success of students, teaching staff and the overall performance of the organisation.
What is Business Intelligence?
Decision-making process can be a complex issue. Getting the right information to the right people at the right time is not easy. One way of doing this albeit not a cost-effective way is having a dedicated group of employees whose main responsibility is to gather and analyse various information gathered from the organisation’s ERP and other legacy systems. The whole process cost money and time. Information is only valuable when it is produced in a timely manner. Business intelligence basically helps to gather data and transform them into information that is relevant in a timely manner. With it, decisi...
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...at a reasonable price. Identify services included in the costs of implementation. Do the vendor provide training, and if so, what sort of training? Is it a one day crash course or a longer but more effective training for different levels of the organisation. We need to assess risks associated with the before, during and after the implementation. Would data stored in our current systems be jeopardised during the installation of the new software? This is crucial in maintaining high data integrity in the organisation. Like any other new technologies, adoption processes can be daunting. It requires users of varying levels of information needs having to learn using new BI products. The feasibility study is hoped to help us identify the necessary product with greatest ease of use and user-friendly interface to fit different levels of information users in the organisation.
In this essay, the author
- Explains that into uea is part of a rapidly growing network of university-based study centres, providing new and higher quality standards of preparation for undergraduate and postgraduate study in the uk.
- Opines that an organisation needs to find a new way to give quality business and student performance information to users across the organisation.
- Opines that business intelligence helps to gather data and transform them into information that is relevant in a timely manner.
- Opines that business intelligence software would make it possible for decision makers to spot valuable information locked inside student enrolment data. this would help the organisation in successful marketing tactics to attract more students and improve its revenue.
- Explains how bi would transform the way into uea collects monitors and analyses data on students’ and teaching staff’s performance.
- Opines that bi tools would give board real-time visibility to kpi’s into the organisational performance overall.
- Opines that business intelligence is the way of doing business of the future. failure to implement this technology quickly would result in having to play catch up with other education institutions.
- Opines that the feasibility study will help identify the best bi product for the organisation.
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In this essay, the author
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- Explains hinton's definition of information management, which is the conscious process of gathering information.
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- Explains that the decision-making process is a vital part of an organizations success and is heavily dependent on an information quality aspect.
- Explains that supply chain management is based on effective information sharing between a company and its suppliers, sub-suppliers, distributors, marketing channels, and inside departments.
- Explains that poor quality data costs companies between 20% to 35% of their operating revenue and up to 40% for information intensive organizations.
- Explains that 1 to 10 % of data stored in an organisation's database is inaccurate and over 60% of companies are facing the problem of information quality.
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- Explains dougherty, d., and murthy. what service customers really want.
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- Cites citroen, c. l., and dieter, i.
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- Explains that hüner, schierning, otto, and sterle, h. (2011) product data quality in supply chains: the case of beiersdorf.
- Cites rahman, z., and t. c. redman. the impact of poor data quality on the typical enterprise.
- Explains setia, p., and stair, r. m. on how information quality leads to localized capabilities and customer service performance.
- Introduces wang, r. y., pierce, e. m. and madnick, s.
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In this essay, the author
- Explains that business intelligence and data mining are key job markets and the basis of this research paper. these two fields play a very important role in small to large companies.
- Explains that business intelligence, or bi, is a variety of software applications used to analyze an organization’s raw data. data mining is the process of sorting through large amounts of data and picking out relevant information.
- Explains that people are beginning to realize the effective use of bi/data mining and how it can transform their business and gain the competitive advantage.
- Explains the business intelligence graduate certificate program at the cox school of business enables business managers and business analysts to understand how information can be accessed from corporate databases and data warehouses.
- Opines that business intelligence and data mining strategies and skills can increase profits and market share. employees who specialize in bi and dm fields will continue to be top-notch assets to companies.
- Explains that business was a collection of activities carried on for whatever purpose. howard dresner popularized bi as an umbrella term to describe concepts and methods to improve business decision-making by using fact-based support systems.
- Explains that the bi architect position requires a broad range of skills and the ability to step into different roles depending on the size and scope of an engagement.
- Compares bi/dm salaries with it industry salaries, which rose 3.7% last year. the average salary rose 4% in 2007 to $98,418, up from $94,615 in 2006.
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In this essay, the author
- Explains performance management is a process that ensures an organisation and all of its available resources are working collectively and effectively towards achieving the organisation’s mission or goal.
- Opines that an organisation's mission is the backbone of all strategic decisions. the long-term strategic goals should directly aim to achieve their mission and these goals are what performance can be measured off.
- Explains that when using performance management to improve an organisation's productivity, you need to first decide who is the focus of the organisation’s long-term goals, whether they are focusing on shareholders or stakeholders.
- Argues that a shareholder approach produces the largest profit, but when an organisation shows it cares for and protects its employees the increase in employee morale and customer loyalty normally outweighs the increased cost of providing extra attention.
- Explains the stakeholder approach to assess an organisation's performance. financial, customer satisfaction, employee pay rates, benefits, workplace morale, innovation and learning are considered.
- Explains that walmart is the largest employer in the usa, employing over 2 million people. the stakeholder model is a long-term plan to measure the performance of walmart.
- Explains that walmart is one of the most financially robust companies in the usa and the world, generating 400 billion dollars of revenue and 16 billion dollar profit, and continuing to grow. their mission statement and purpose will have formed the bases for any long term goals.
- Explains that walmart is rated the lowest of all supermarkets on customer satisfaction, according to the american customer satisfaction index.
- Analyzes how walmart underperforms in the third performance section, which is internal business. it pays an average of 16% less per hour when compared to other big retail stores and approximately 70% of its employees leave within the first year.
- Explains that walmart regains some balance to its scorecard in the innovation and learning performance section. since sam walton, the origin founder of walmart, died in 1992, walmart has increased its contribution to charity.
- Opines walmart's focus on generating revenue and capturing sectors of the market, but they have low customer and employee satisfaction due to low employee motivation. it would be beneficial for walmart to increase these performance factors.
- Explains that performance management is a useful and powerful tool that can be used by managers to identify areas of their organisation they need to improve to increase the organisation’s overall performance.
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In this essay, the author
- Explains that decision making is the process of finding and selecting options according to the priorities and values of the person making the decision.
- Explains the importance of dss at amazon.com for customer relationship management and supply chain management. jeff bezos responds to customer complaints by sending emails to members of staff.
- Believes that decision support systems (dss) can be properly implemented to facilitate decision making process as is done at amazon.com.
- Explains haag, s., and cummings, m. management information systems for the information age.
- Explains haag, s., and cummings, m. management information systems for the information age.
- Explains that decision support systems (dss) help with time management, improve productivity, and enhance interpersonal communication among those responsible for decision making.
- Proposes training managers on the use of dss to solve this problem.
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In this essay, the author
- Explains that business intelligence and data science use are popular in many organizations today. the data scientist profession is emerging as one of the better-paying professions due to the urgent need of their labor.
- Defines business intelligence as knowledge acquired about a business via various software and hardware technologies that enable an organization to transform data into information or plans.
- Explains that data science is different from business intelligence in that it aids in the design of data products.
- Explains that data scientists are highly trained professional analytics required to use data created by programmers, computer scientists, and engineers to solve emerging problems in organizations.
- Explains that data scientists perform data services and operations tasks. they are responsible for monitoring and upkeep of the company's databases, data structures, and data stores and warehouse.
- Explains that data scientists perform product marketing and analytics through creation of applications that intermingle directly with users or customers. they also perform the role of preventing abuse, fraud, risk and security breach.
- Explains that the fifth role of data scientist is control of organizational and reporting alignment. the sixth role is in charge of business intelligence and decision sciences.
- Concludes that the role of data scientist is pivotal for any company planning to launch data driven decision-making strategies.
- Describes the publications of the committee on data for science and technology (codata) and kudyba (2001).
- Explains that analyzing the analyzers is an introspective survey of data scientists and their work.
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1145 wordsRead More - Traditional and Contemporary Performance Measurementanalytical essayHowever, BSC is not a template that can be applied to businesses in general. In this circumstances, different market situations, product strategies, and competitive environments need different scorecards. The businesses must devise customized scorecards to fit their vision, mission, strategies, technology, as well as their culture. On the other hand, the Performance Prism is an alternative for the BSC which is worth considering for companies looking for a system to measure and manage their performance. Based on a stakeholder approach, it is more flexible and more integrative than other systems.
In this essay, the author
- Explains the importance of financial and non-financial performance measures systems, such as balanced scorecard (bsc), performance pyramid, performance prism, and intangible asset scorecard.
- Explains that in the past, company performance was measured by asking 'how much money the company makes?' however, in today's business environment, performance measurement adopts both financial and non-financial measures.
- Explains that traditional performance measures are cost-efficiency-oriented and do not provide non-financial measures that are also linked to the organization's business strategy.
- Explains that the bsc provides managers with four perspective measures that align the business activities to the vision and strategy of the company.
- Explains that performance prism emphasizes on aligning the five perspectives, unlike bsc, which provides four perspective measurements.
- Argues that effective performance measurement enables the business to align its actions with strategies and objectives.
1212 wordsRead More