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What role do complementary assets and organizational and management capital play?
by helping each other they achieve large amount of money and contribute in the development of the world
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Why do some firms obtain grater value from their information system than otherswhat role do complementary asset and organizational and management capital play?
Some firms derive greater value from their information systems due to their investment in complementary assets, such as advanced technology, skilled personnel, and efficient business processes. These assets enhance the effectiveness of the information systems and enable firms to leverage data for decision-making and competitive advantage. Additionally, strong organizational and management capital, including leadership, culture, and strategic alignment, ensures that information systems are integrated into business operations and aligned with organizational goals, maximizing their impact. Therefore, the synergy between information systems and complementary assets is crucial for achieving superior value.
Define information systems how does it word what are its management organization and technology components?
complementary assets
Define organizational resources?
Organizational resources are the company assets that the company use for their operations. Organizational resources of an organization are, human resource, finance, capital etc.
Working capital management is primarily concerned with the management and financing of?
Current assets.
What are types of organizational assets in human resource management?
physical , financial , intangible , human
What is organization resources?
Organizational resources refer to the various assets and capabilities that a company utilizes to achieve its goals and objectives. These resources can be categorized into tangible assets, such as financial capital and physical infrastructure, and intangible assets, such as human capital, intellectual property, and brand reputation. Effective management and allocation of these resources are crucial for maximizing efficiency and driving growth within the organization. Overall, organizational resources play a vital role in determining a company's competitive advantage and overall success.
Managing short term asset and liabilities is sometimes called ------- management?
Management of short term assets (current assets) and short term liabilities (current liabilities) is commonly known as working capital management.Working capital is a requirement of funds to meet the day to day working expenses. In a simple term working capital is an excess of current assets over the current liabilities. In working capital management we focus more on receivables management, cash management and inventory management etc. Proper way of management of working capital is highly essential to ensure a dynamic stability of the financial position of an organization.
Why are complementary assets essential for ensuring that information system provide genuine value for an organization?
Complementary assets are essential because they enhance the effectiveness and utility of information systems within an organization. These assets, such as skilled personnel, supportive organizational culture, and robust processes, help to leverage the capabilities of technology, ensuring that it aligns with business strategies and objectives. Without these complementary assets, even the most advanced information systems may fail to deliver significant value, leading to inefficiencies and underutilization. Ultimately, the synergy between technology and complementary assets is crucial for maximizing return on investment and achieving competitive advantage.
What are the inputs to the close project or phase process?
-Organizational process assets -The project management plan -Accepted deliverables
What are the organizational resources?
Organizational resources are the assets, knowledge, people, and systems that an organization uses to achieve its goals. These resources can include financial resources, physical assets, human resources, technology, information, and organizational culture. Effective management of these resources is essential for an organization's success.
What are the inputs of the define scope process?
Organizational process assets Scope management plan The project charter Requirements documentation
What is human capital management?
"Human capital management is the strategic management of employees to ensure that they stay happy and productive. Human capital is one of the biggest assets many companies have, and managing it well can be the difference between success and failure."
