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Showing posts with the label Business context

The influence and impact of digitalisation within a business context - snow

brand differentiation due to widespread advertisements brands can be more easily differentiated and have a story behind the brand Cloud storage and virtualisation virtualisation Types include Server virtualisation - enables on physical server to run multiple operating servers as a virtual machines, this leads to more efficient use of equipment, faster workload distribution, better application software, improved server access, reduces costs network virtualisation - reproduces the physical network requirements as a virtual network to allow applications to run in the same way as on a physical network but with logical rather than physical ports, devices, routers, etc desktop virtualisation - enables organisations to provide software configured for the specific needs of the workplace or and individual, any changes can be quickly rolled out to everyone all at once, this also allows people to access their files form anywhere if a remote gateway is set up use of virtualisation and AWS AWS is o...

business context review

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  business context brands and brand differentiation is important to having a reputation for you/your brand as well as building brand recognition knowing your market, to allow you to make fair commission prices within the companies budget, while not undercharging how remote working and AI can affect the productivity of a business and the business as a whole change management and how changes are received, approved and carried out laws, legislations and regulations companies have to follow P for Political: Government actions and policies. E for Economic: Economic conditions and trends. S for Social: Cultural and societal norms. T for Technological: Innovations and technology trends. L for Legal: Laws and regulations. E for Environmental: Ecological and environmental factors. S for Strengths : What the organization does well. W for Weaknesses : Areas for improvement. O for Opportunities : External chances to grow or benefit. T for Threats : External risks or challenges. C for Corp...

PM frameworks

Requirements – what do you need to be able to do to complete the project  Planning – outlining the needs and requirements on how to complete the project  Design – how you are going to complete the project  Implementation – how will the skills needed be used to complete the project   Test – testing what you have done to see if it works   Evaluation – how well did the project go, where it went right and wrong   Maintenance – how will what you made continue to work afterwards   Raspberry pie Sensors - sonar/ultrasound, camera, temp sensor, IR sensor Agile methodology Agile methodology is a style of project management that is adaptable scrum Scrum methodology is based on a set of specific procedures and roles that must be thoroughly followed through the development process, its a flexible methodology that rewards productive team members Kanban a basic framework for project managers, allowing them to efficiently manage and track their projects. it is very a...

Business context 3 -unfinished

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 The measurable value of digitisation in business sales and marketing Enhanced market research businesses can review multiple channels and touch points (where the customer has in any way contacted the business) to capture relevant data, and use data online to analyse the consumer's needs and preferences to deliver personalised product recommendations  Increased opportunities for brand promotion businesses can use social media to promote their brand, it allows businesses to get to potential customers more easily, as well as answer queries, and share news and promotions, this has benefits such as global access target audience reached more easily cost effective advertisements tools to analyse advert CTR even playing field, as small companies can also now advertise however, there are also disadvantages to online marketing misinterpretation of posts online criticisms are as widespread increased competition time and skills are needed to manage social media accounts increased communi...

Business context 2 - business environments

Capital Gains - tax on the profit of selling a non-investing business asset Business environments Business to customer (B2C) the business sells its products/services directly to customers eg restaurants, retail Business to Business (B2B) the business sells its products/services directly to other businesses to help them function eg supplying raw materials, transport etc Business to many when a business provides both B2C and B2B  Key factors that influence the Business Environment anything that involves the government can have an effect on the business environment Political Factors Government policy - Governments can change the way businesses have to function, as well as influencing the economy, this happens when the government introduces new legislations, or lowers/raises taxes/spending Foreign trade policy - changes in policies can make it easier or harder to trade internationally, these policies can include things such as tariffs, or subsidies for local producers eg farmers or fis...

Business context lesson 1 - understanding business structures

     Types of businesses Public - companies owned by the government/government agencies, EG schools, the NHS Private - companies owned by individuals, they are profit driven and usually have shareholders and investors NGO - non-governmental organisations are non-profit, they usually rely on volunteers for labour, they can either be operational GNOs - focusing on development of public places, or advocacy NGOs - who seek to influence public policy Charity - usually no profit motive, with the motive being to benefit society instead State-owned companies - companies where the government holds significant stake in the company, can be majority or all, so are typically controlled by the government , they often server public interest e.g. cheap products, but can also be profit driven. examples are water companies, transportation etc Sole trader - are owned by a single person, that person has total control over the business, and they are liable for any debt the company has Limited...