ITM 100 Exam Study Sheet
ITM Exam review 4,5,6
Chapter 4 Enterprise Computing Challenges and Enterprise Resource Planning
Chapter 4 overview
SECTION 4.1 - ENTERPRISE COMPUTING CHALLENGES
Innovation: Finding New
Social Entrepreneurship: Going Green
Social Networks: Who’s Who
Virtual Worlds: It’s a Whole New World
SECTION 4.2 – ENTERPRISE RESOURCE PLANNING (ERP) “over view”
Enterprise Resource Planning
Core ERP Components
Extended ERP Components
Integrating SCM, CRM, and ERP
Measuring ERP Success
Choosing ERP Software
ERP and SME Markets
Enterprise resource planning (ERP) integrates all departments and functions throughout an organization into a single IT system (or integrated set of IT systems) so that employees can make decisions by viewing enterprise-wide information on all business operations. ERP as a business concept resounds as a powerful internal information management nirvana: Everyone involved in sourcing, producing, and delivering the company’s product works with the same information, which eliminates redundancies, reduces wasted time, and removes misinformation.
Learning outcomes
Buffett believes in focused investing and believes that all investors should look at five features:
1. The certainty with which the long-term economic characteristics of the business can be evaluated
2. The certainty with which management can be evaluated, both as to its ability to realize the full potential of the business and to wisely employ its cash flows
3. The certainty with which management can be counted on to channel the reward from the business to the shareholders rather than to itself
4. The purchase price of the business
5. The levels of taxation and inflation that will be experienced and that will determine the degree by which an investor’s purchasing-power return is reduced from his gross return
Innovation finding new
six best practices of innovation:
Find your relevant edge
Assemble innovation hothouses
Reward risk takers
Chapter 4 Enterprise Computing Challenges and Enterprise Resource Planning
Chapter 4 overview
SECTION 4.1 - ENTERPRISE COMPUTING CHALLENGES
Innovation: Finding New
Social Entrepreneurship: Going Green
Social Networks: Who’s Who
Virtual Worlds: It’s a Whole New World
SECTION 4.2 – ENTERPRISE RESOURCE PLANNING (ERP) “over view”
Enterprise Resource Planning
Core ERP Components
Extended ERP Components
Integrating SCM, CRM, and ERP
Measuring ERP Success
Choosing ERP Software
ERP and SME Markets
Enterprise resource planning (ERP) integrates all departments and functions throughout an organization into a single IT system (or integrated set of IT systems) so that employees can make decisions by viewing enterprise-wide information on all business operations. ERP as a business concept resounds as a powerful internal information management nirvana: Everyone involved in sourcing, producing, and delivering the company’s product works with the same information, which eliminates redundancies, reduces wasted time, and removes misinformation.
Learning outcomes
Buffett believes in focused investing and believes that all investors should look at five features:
1. The certainty with which the long-term economic characteristics of the business can be evaluated
2. The certainty with which management can be evaluated, both as to its ability to realize the full potential of the business and to wisely employ its cash flows
3. The certainty with which management can be counted on to channel the reward from the business to the shareholders rather than to itself
4. The purchase price of the business
5. The levels of taxation and inflation that will be experienced and that will determine the degree by which an investor’s purchasing-power return is reduced from his gross return
Innovation finding new
six best practices of innovation:
Find your relevant edge
Assemble innovation hothouses
Reward risk takers