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Investment in information technology can permit a business to lock in customers and suppliers by building valuable new relationships with them. Earlier this approach was utilized to improve the quality of service to customers and suppliers. Now this approach utilized for customized design suggestions and other innovation ideas from them.
Exp:-Wall mart develop an elaborate satellite network linking all of its stores and it is as well provided buyers, managers and sales associates with up-to-date inventory, sales, shipping and account status information to improve product inventories, buying and store management.
QUESTION We spend a major portion of our time either transmitting or receiving information. Research has shown that we spend 45% of all our communicating time listening. Since
Some people argue that the matrix structure should be adopted only as a last resort because the dual chains of command can create more problems than they solve. Do you agree or dis
QUESTION 1 Explain the importance of the i) Perceptual, ii) Behavioural and iii) Relational consequences of communication. QUESTION 2 Using a concrete example
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Q. Write short note on improving business qualities? Ans. One of the strategic business worth of information technology is its role in making major improvements in a company's
(a) Cultural diversity have to be preserved and promoted, as the lack of knowledge, appreciation and understanding of other cultures often cause conflict and hate between people. S
1. Corporate Social Responsibility remains as an essential part of business practice today. It can improve the reputation of the organisation since stakeholders will know the costs
You are a team manager having 15 members in your team. Two of your key team members are on 3-weeks leave. You have to call for a monthly team meeting within a week. How effectivel
Hyper-competitive strategies admit the bases of competitive benefit may not be sustainable and that disruption of the status quo may be significant.
Using the case study approach,discuss the significance of managerial economics in regard to business strategies employed by business entities currently operating in the global econ
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