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  2. Operational efficiency - Wikipedia

    en.wikipedia.org/wiki/Operational_efficiency

    Data Overload: Organizations must sift through vast amounts of data, requiring robust data management systems. Change Management: Implementing new processes and technologies can meet with resistance from employees. Cost of Implementation: Initial investments in technology and training can be high, though they usually pay off in the long run.

  3. Management system - Wikipedia

    en.wikipedia.org/wiki/Management_system

    A management system is a set of policies, processes and procedures used by an organization to ensure that it can fulfill the tasks required to achieve its objectives. [1] These objectives cover many aspects of the organization's operations (including product quality, worker management, safe operation, client relationships, regulatory ...

  4. List of business terms - Wikipedia

    en.wikipedia.org/wiki/List_of_business_terms

    Tasks that have the greatest positive effect for the least effort, used when promoting new projects to show the advantages. [1] Lay-off Redundancies on a large scale Learnings Acquired knowledge after an action/actions or process/processes has been completed Nesting: Processes within processes Off the shelf

  5. The purpose of a system is what it does - Wikipedia

    en.wikipedia.org/wiki/The_purpose_of_a_system_is...

    Whereas a cybernetician may apply the principle to the results inexorably produced by the mechanical dynamics of an activity system, a management scientist may apply it to the results produced by the self-interest of actors who play roles in a business or other institution.

  6. Operations management - Wikipedia

    en.wikipedia.org/wiki/Operations_management

    An individual production system is usually analyzed in the literature referring to a single business; therefore it is usually improper to include in a given production system the operations necessary to process goods that are obtained by purchasing or the operations carried by the customer on the sold products, the reason being simply that ...

  7. System - Wikipedia

    en.wikipedia.org/wiki/System

    Systems can be isolated, closed, or open. A system is a group of interacting or interrelated elements that act according to a set of rules to form a unified whole. [1] A system, surrounded and influenced by its environment, is described by its boundaries, structure and purpose and is expressed in its functioning.

  8. System archetype - Wikipedia

    en.wikipedia.org/wiki/System_archetype

    The basic idea of system thinking is that every action triggers a reaction. In system dynamics this reaction is called feedback. There are two types of feedback – reinforcing feedback and balancing feedback. Sometimes a feedback (or a reaction) does not occur immediately – the process contains delays. Any system can be drawn as a diagram ...

  9. Systems management - Wikipedia

    en.wikipedia.org/wiki/Systems_management

    A very large business with thousands of similar employee computers may clearly be able to save time and money, by having IT staff learn to do systems management automation. A small branch office of a large corporation may have access to a central IT staff, with the experience to set up automated management of the systems in the branch office ...