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Topic Review
Business Process Reengineering
Business process re-engineering (BPR) is a business management strategy, originally pioneered in the early 1990s, focusing on the analysis and design of workflows and business processes within an organization. BPR aimed to help organizations fundamentally rethink how they do their work in order to dramatically improve customer service, cut operational costs, and become world-class competitors. BPR seeks to help companies radically restructure their organizations by focusing on the ground-up design of their business processes. According to early BPR proponent Thomas Davenport (1990), a business process is a set of logically related tasks performed to achieve a defined business outcome. Re-engineering emphasized a holistic focus on business objectives and how processes related to them, encouraging full-scale recreation of processes rather than iterative optimization of sub-processes. Business process reengineering is also known as business process redesign, business transformation, or business process change management.
  • 1.0K
  • 12 Oct 2022
Topic Review
Business Service Management
Business service management or business studies and management (BSM) is an approach used to manage business IT services. BSM promotes a customer-centric and business-focused approach to service management, aligning business objectives with IT or ICT from strategy through to operations.
  • 699
  • 30 Oct 2022
Topic Review
Business Strategies and Innovation Outputs in Manufacturing
An important factor in maintaining a competitive advantage and efficiency in a knowledge-based economy is the ability to introduce innovations constantly. Considering the idea of sustainable development which has been discussed globally, nowadays innovations must have at least a neutral impact on the environment and society. The ability to create innovation is in turn determined by the business strategy adopted by an enterprise. Such a strategy, involving long-term planning and actions aimed at development, is primarily oriented towards the introduction of innovations that enable the dynamic development of a company. The innovative process in enterprises is characterized by specific features. Regardless of the adopted innovation implementation model, it is required to acquire skills and establish relationships with the environment. An innovative enterprise as a learning organization.
  • 304
  • 02 Jun 2023
Topic Review
Business Strategy and Climate Change Disclosure
Climate change disclosure (CCD) in accounting literature refers to the practice of providing detailed and transparent information in a company’s financial reports, statements, and official documents about the current, actual, and potential financial impacts of climate change on the company. This disclosure is essential for all categories of stakeholders, including regulators, investors, and the public, to build an overall view and understand how a company is dealing with and managing the opportunities and risks related to climate change.
  • 216
  • 10 Jan 2024
Topic Review
Business Sustainable Development and Family Businesses
For companies, sustainable development generally represents a long-term business orientation towards social, economic and environmental well-being. The concept has gained momentum among researchers partly due to the necessity of finding a modern approach to business development that does not deprive the next generation of the opportunity to meet its own needs.
  • 722
  • 22 Apr 2022
Topic Review
Business System Planning
Business systems planning (BSP) is a method of analyzing, defining and designing the information architecture of organizations. It was introduced by IBM for internal use only in 1981, although initial work on BSP began during the early 1970s. BSP was later sold to organizations. It is a complex method dealing with interconnected data, processes, strategies, aims and organizational departments. BSP was a new approach to IA; its goals are to: The result of a BSP project is a technology roadmap aligning investments and business strategy. BSP comprises 15 steps, which are classified into three sections by function.
  • 2.5K
  • 08 Oct 2022
Topic Review
Caesars Rewards
Caesars Rewards (Europe/North Africa: Player Rewards and South Africa: Emerald Rewards; formerly Total Gold and Total Rewards) is a casino loyalty program at nearly all Caesars Entertainment Corporation (formerly Harrah's Entertainment) locations.
  • 1.1K
  • 22 Nov 2022
Topic Review
Calendar of 13 Months
Has anyone of us missed an event because he was confused between days and dates? Do we really remember the date of any day if we do not have a calendar? Is the current Gregorian Calendar efficient enough for use, and does it really facilitate our life or make it more complicated?  Have you ever thought about a much simpler way to calculate days and dates in a year? All these questions are answered in this article, in which the author proposes an original calendar that might facilitate our lives if we can apply it.
  • 198.7K
  • 12 Jan 2023
Topic Review
California Electricity Crisis
The California electricity crisis, also known as the Western U.S. energy crisis of 2000 and 2001, was a situation in which the United States state of California had a shortage of electricity supply caused by market manipulations and capped retail electricity prices. The state suffered from multiple large-scale blackouts, one of the state's largest energy companies collapsed, and the economic fall-out greatly harmed Governor Gray Davis's standing. Drought, delays in approval of new power plants,:109 and market manipulation decreased supply. This caused an 800% increase in wholesale prices from April 2000 to December 2000.:1 In addition, rolling blackouts adversely affected many businesses dependent upon a reliable supply of electricity, and inconvenienced many retail consumers. California had an installed generating capacity of 45 GW. At the time of the blackouts, demand was 28 GW. A demand-supply gap was created by energy companies, mainly Enron, to create an artificial shortage. Energy traders took power plants offline for maintenance in days of peak demand to increase the price. Traders were thus able to sell power at premium prices, sometimes up to a factor of 20 times its normal value. Because the state government had a cap on retail electricity charges, this market manipulation squeezed the industry's revenue margins, causing the bankruptcy of Pacific Gas and Electric Company (PG&E) and near bankruptcy of Southern California Edison in early 2001.:2–3 The financial crisis was possible because of partial deregulation legislation instituted in 1996 by the California Legislature (AB 1890) and Governor Pete Wilson. Enron took advantage of this deregulation and was involved in economic withholding and inflated price bidding in California's spot markets. The crisis cost between United States dollar 40 and $45 billion.:3–4
  • 1.0K
  • 10 Nov 2022
Topic Review
Canadian Consumers’ Perceptions of Sustainability of Food Innovations
Educated consumer food choices not only enhance personal health but can also contribute to environmental, economic, and social well-being, as well as food sustainability. Consumers refer mostly to the ecological aspect of food sustainability in their perceptions and food-buying behavior. Web-based information was a widely consulted source of information about food-related sustainability and innovation, although it ranked low among consumers in terms of trust level. 
  • 251
  • 20 Oct 2023
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