The Importance Of Business Intelligence

1.0 INTRODUCTION Contrary to traditional beliefs, recognition and integration of the link between human resource (HR) strategy and business strategy, or rather, strategic human resource management (SHRM) can contribute to the success and establishment of a business. The first half of this report will draw attention to and examine the importance of having a close relationship between the two named strategies. Bratton and Gold (2007), suggest that SHRM can improve performance by connecting the strategic goals of the business to the HR functions. Be it in a management or academic literature, the proactive nature of SHRM allows the business to have a significant edge given the volatility of the market due to advancement in information systems, globalisation and many other factors. Having said these optimistic accounts, this report will also examine the reasons as to why it can be tedious to determine the influence of human resource strategy on business performance.

Equal employment opportunities are considered ef... ... middle of paper ... ...t as to ensure far better resultants. The benefit of the new learning and understanding that has taken place is quite appropriate. This leads to help the organization to be adjusted with respect to running conditions and circumstances as well. The HRM is a wide and broad concept and serves to be useful enough for organization better growth and progression. At the end, it can be stated that the HRM is really a great concept and it allows the organizations to grow and flourish accordingly.

The company’s corporate level strategy is based on the philosophy of kyosei, which means living and working together for a mutual good. As a result, Canon Inc. strives to achieve global prosperity and contributes positively to the welfare of mankind. The company’s mission and goals entails providing innovative and attractive products as well as profitable solutions and services. The pros of the corporate strategy include the enterprising spirit it instills to the company, the emphasis on technology, and respect for humanity. As a result, the strategy has made it possible for Canon, Inc. to distinguish itself from through technology leading to new advances to the society.

HR has to develop strong relationships with other departments and have a cohesive plan running to have any company do better down to the bottom line figures. For the most successful business, there needs to be cooperation between all parts of a company, HR most likely should facilitate this, and when it does, companies thrive. “By utilizing basic HR tools like business process redesign, organizational redesign, job redesign and competency model development, we were able to more effectively align our selling and support processes” (Hults, 2011). Basically, HR being involved in strategic planning efforts is a smart move. HR brings the business perspective while other departments (management, finance) are looking directly at numbers.

Moreover it is possible through the usage of a model where in the control is centred at the strategic level and the co-ordination is centred at the managerial level. It is only the operations that are focused on at the operational level. This does benefit the organization obtain several benefits for the business empire and the organization can develop in multiple respects. This investment is required for the purpose of avoiding this negative impact or loss of business which creates high opportunity cost and opportunity loss for the firm. Search Engine optimization investments, in the long run provides strategic benefits to the firm and this can help it grow in leaps and bounds.

The information management system is an integral part of the success of any business. The information management system is significant to gather information, analyze them and report the information to required person of the organization in an effective manner. The information management system is effective to make the plan to determine the procedure and control activities in the organization. It is also significant to provide updated information on the current status of ... ... middle of paper ... ...beneficial for the users to analyze the information about the product and plant more accurately. The growth rate in graphical presentation would be effective to provide information to the users as they can easily predict the future performance of the organization (Bloom, Kretschmer & Reenen, 2006).

Conclusion Overall, human resource plays an important role in the business growth of a company. This is mainly due to the strategic issues faced are mostly human related based. Hence, with strong human resource management, companies will be able to maximize the gains from their employees that will result in maximum productivity that further leads to higher and sustainable growth.

Managing customer relationships effectively and efficiently is made possible by having a customer management relationship solution in place. Being able to track customer data is critical to an organization, this allows them to develop targeted and effective marketing campaigns and accurate sales reports. Interacting with customers frequently is a very important part of a business and by having a customer relationship management program in place supports that and makes this possible. CRM makes it easier for businesses manage a large supply of customer information and supports customer loyalty. The editors of CRM Magazine also point out, “Once thought of as a type of software, CRM has evolved into a custome... ... middle of paper ... ...anagement.

The business plan will aid in projected startup cost, projected sales, marketing, and understanding your competition. The business proposal will also help you get the money from potential investors. Writing a business strategy is not only necessary to analyze the business, but vital for success, it will help determine if your business will be profitable. A business plan should consist of the following: Title page, Executive summary, Contents, Business description, Management, Industry description, Competition, Marketing Strategy, Sales forecast, Financial Analysis, Exit Strategy, and Appendix. These subtopics cover different areas that are important to your business; these subtopics will assist in a better understanding of the concept(s) of the new establishment.

Introduction As organisation strive to become competitively advantaged and achieve their organisation’s strategic goals, they are putting more emphasis and focus on their internal knowledge strategies to fulfil their goals. Organisations are not only focusing on getting an advantage over their market competitors but also getting an advantage through execution of their internal core processes which gives them strategic edge over their competitors which leads us to the topic of discussion “knowledge audits”. A knowledge audit is an assessment and evaluation of an organisation’s knowledge capabilities in terms of how and where knowledge is used in business processes (Perez-Soltero, et al., 2006; Anon., 2016; Anon., 2015). Knowledge is defined