Organizational Dynamics Paper Essay Example | Topics and Well Written Essays - 1250 words

Organizational Dynamics Paper - Essay Example Business intelligence also helps companies and businesses to survive during hard economic times. During such periods, it is not a surprise to find companies still spending on the processes of business intelligence because without such solutions, there is no business at all. In any case, there is a business; it is most likely on the decline in terms of productivity and revenues. Business intelligence is not a onetime thing; it is an ongoing process. Business intelligence goes on as long as the business is still running; the business intelligence continues to exist too. Business intelligence involves techniques based on computers that are used in the identification, extraction, as well as the analysis of business data (Electrosmart Ltd). The business data in this case could be revenue from sales made from given products, could also be sales that a given department has made, or the revenues that have been received from certain costs and incomes. A successful business intelligence proces s or unit has to have some qualities such as providing old, current, and views about future operations of the system. There are various functions associated with successful business intelligence process. Among them is reporting, the other one could be predictive analytics, the other could be data mining, and maybe complex event processing. The business intelligence technology implemented in an organization can only be beneficial if everyone knows the goals and aims of the business. With that in mind, it is easy to identify the business intelligence strategy to take with the technology to be put in place to help run the business. Business intelligence technologies are like decision support systems to organizations. In this respect, they are used to process certain information for the company, and the managers use the results they give and the management board to make critical decisions that affect the organizations current and future dealings (Microsoft Case Studies). Given that a bu siness intelligence program is not a onetime thing, it is a principle that has to be instilled into the business; it is a lifetime process. In this regard, the technologies are implemented in a program that takes some time. The program for successful and effective business intelligence has to include: 1. The development of a business intelligence strategy 2. Assessment of the readiness of the business to the application of the strategic, readiness and maturity for the technology to be put in place. 3. Definition of the business intelligence policy 4. Governance of the business intelligence once put in place 5. Identification of the business intelligence opportunities; This further includes defining the requirements of the business; development of the blueprint of the business intelligence; selection of a vendor and evaluation of the business intelligence alternatives. 6. A portfolio of the business intelligence also has to be defined. This is the roadmap that has to be followed when deploying the business intelligence in a manner that is effectively incremental, as well as sustainable at the same time. There are various business dynamics driving businesses to look for new ways of sustaining their business activities. These are the reasons why business intelligence has been at the forefront of the needs of these businesses. Companies believe that in order to make it big in the business world today, there needs to be more that human resources at the

Research Paper Essay Example | Topics and Well Written Essays - 500 words - 5

Research Paper - Essay Example Subsequently, managing a global company is not an easy task. As such, in order to ensure that the Company’s performance is tracked effectively, Coca-Cola adopts an operating structure as its basis of financial reporting (Coca Cola 10K Report, 2014, p. 6). This structure incorporates six operating groups, each of whose performance is generalized and presented on a consolidated basis. Equally important, with over 500 brands of beverages manufactured, distributed to over 200 countries and consumed in an average 1.9 billion servings, the Coca-Cola Company has a clearly distinguished distribution system. Furthermore, the Company has entered into bottling partnership with other bottlers as a way to ensure that their customers get access to their desirable brands easily. Essentially, there are various risk factors associated with a business that could affects its financial performance over time. In order to ascertain the real performance of a company, the auditors have to establish the different audit risks and performance factors that are associated with a company or an industry. The Coca-Cola Company is faced by various risk factors resulting from its daily operations. Among the factors that may affect the Company’s financial performance include, reduced demand arising from obesity concerns, scarcity of water and other main raw materials, evolving consumer preferences, the ever increasing industry competition brought by new entries, safety and quality of the Company’s products, and foreign currency fluctuations among others (Coca Cola 10K Report, 2014, p. 12-20). As such, the Company should formulate plans and come up with effective procedures that could help the auditors detect the available risk factors for them to fairly state and adjust financial statements. Besides the company’s specific risks, an auditor should analyze the different industry related risks such