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Business management tools are all the systems, applications, controls, calculating solutions, methodologies, etc. used by organizations to be able to cope with changing markets, ensure a competitive position in them and improve business performance.
Increased control over implemented decision logic for compliance and better business management including audit logs, impact simulation and edit controls. The ability to express decision logic with increased precision, using a business vocabulary syntax and graphical rule representations (decision tables, decision models, trees, scorecards and ...
IT control objectives typically relate to assuring the confidentiality, integrity, and availability of data and the overall management of the IT function. IT controls are often described in two categories: IT general controls and IT application controls. ITGC includes controls over the hardware, system software, operational processes, access to ...
Most enterprise applications configure business rules in a manner as to prevent, require pre-approval, or alert relevant management personnel in the event that certain pre-set thresholds are not observed. For example, a sales application could deploy a control preventing sales transactions above the specified credit limit of a customer.
Applications architecture strategy involves ensuring the applications and the integration align with the growth strategy of the organization. If an organization is a manufacturing organization with fast growth plans through acquisitions, the applications architecture should be nimble enough to encompass inherited legacy systems as well as other large competing systems.
Business management – management of a business – includes all aspects of overseeing and supervising business operations. Management is the act of allocating resources to accomplish desired goals and objectives efficiently and effectively; it comprises planning, organizing, staffing, leading or directing, and controlling an organization (a ...
A management information system (MIS) is an information system [1] used for decision-making, and for the coordination, control, analysis, and visualization of information in an organization. The study of the management information systems involves people, processes and technology in an organizational context.
Robert J. Mockler presented a more comprehensive definition of managerial control: Management control can be defined as a systematic torture by business management to compare performance to predetermined standards, plans, or objectives to determine whether performance is in line with these standards and presumably to take any remedial action ...