Changes in the economic and social structures of modern societies have seen the emergence of new platforms for business and socializing. The concept of a platform society has emerged from this trend and it refers to the use of digital markets to complete transactions or foster social engagements. The concept of the platform society is contested because researchers have varied limits of accepting the above description. Nonetheless, globally, five technology companies dominate the digital market space and dominate traffic across major internet platforms. They include Google, Facebook, Apple, Amazon and Microsoft. Collectively, they have the power to shape the geopolitical landscape of human populations through their controls on information exchange and discussions that occur on their platforms. Jointly, these tech companies have billions of users, which means they control knowledge flow to a degree. This extensive power attracts concerns from skeptics who highlight the potential for information manipulation and censorship Continue reading
Modern Management Practices
Integration of Six Sigma into Enterprise Architecture (EA)
Today, more than ever before, enterprises are increasingly being faced with unparalleled competitive and regulatory demands, along with elevated levels of business uncertainty as they wade through the upsetting waters of contemporary global economy. On yet another front, the convergence of technology witnessed in the 21st century has made many enterprises increasingly concerned with how to productively transition to an enterprise exploiting information technology to its fullest strategic potential. In the light of these concerns, it is obvious that executives must embrace a paradigm shift from the traditional enterprise management approaches to more market-oriented approaches, which underlines the need to balance capabilities, manage risks, improve processes and systems, and engage in agile decision-making with a view to achieve the desired business end-states. As has been witnessed in the company, the organization’s Enterprise Architecture (EA) plays a critical role in this transition, particularly in integrating key processes and systems to enable Continue reading
Telecommuting – Definition, Management, Benefits, and Drawbacks
Meaning and Definition of Telecommuting Telecommuting is the practice of working from one’s home, or at a satellite location near one’s home, where employees use communication and computer technology to interface with internal and external stakeholders. The advent of telecommuting has changed the profile of the global workforce dramatically. The workers are no longer confined within the walls of the office. They are becoming more technologically savvy and work on flexible timings at remote locations. Telecommuting has been defined in many ways, but all such definitions are based on two concepts: the office is not the only place where work can be conducted; and secondly, information technology (IT) is necessary for telecommuting. Telecommuting is also defined as the case in which an employee is paid for work conducted at an alternative worksite, so total commuting time is reduced. The success of telecommuting is seen in the fact that the total Continue reading
Greenwashing – Meaning and Examples
Marketing ethics is an area that is crucial when it comes to marketing because ethics guide the moral principles that regulate marketing. In a simple definition, marketing ethics are the morals of marketing. There are both good and bad behaviors that make up the morals. Over the years, marketers have used the wrong principles to boost sales, especially through advertisements and promotions where customers are not told the truth about a product so that they can buy the product. There are many organizations that have been involved in corporate scandals that touch on ethics. Corporate scandals are unethical actions or illegal dealings that a company or its representative may engage in. In corporate ethics, marketers always try to be better decision makers because they want to make ethical decisions that avoid corporate scandals. Greenwashing Concept Greenwashing is the kind of marketing where the marketers deceive the customers that their products Continue reading
Building a Sustainable Supply Chain Through Triple Bottom Line (TBL)
Sustainability is an important aspect of business in modern society where environmental pollution, economics, efficiency, effectiveness, and conservation of energy are issues of concern. As a distribution network that organizations rely on distributing their diverse products, the supply chain has a significant impact on the environment. In this view, the supply chain should be sustainable for it to serve varied organizations optimally and experience growth in the competitive markets. Sustainability is beneficial to the supply chain because it reduces costs, decreases wastage, improves efficiency, saves energy, and enhances competitive advantage. Governments and customers also increase pressure on the supply chain to adopt strategies that are sustainable to protect not only the environment but also encourage prudent use of available resources. Recycle, reuse, reduce, and recover are the four principles, which promote sustainability of operations in the supply chain. In essence, the sustainability of the supply chain is central to improving Continue reading
Key Drivers and Life Cycle of Business Continuity Management (BCM)
Managing business environment is one of the challenges which organizations have no control over. There has been escalation in crisis, disasters, and emergencies as many companies enter into the market. Moreover, it is essential for organizations in either the public or private sector to develop a suitable and effective Business Continuity Management (BCM). According to ISO 22301, BCM is a holistic management method of identifying potential threats to organizational activities. BCM also provides a framework for which organizations build resilience to the identified threats and effectively respond. Business Continuity Management (BCM) plays an important role in risk management within the company. Key Drivers of Business Continuity Management (BCM) There it is important to understand the driving factors of Business Continuity Management (BCM), which ensure effective and reliable execution of the organizational plans. The key drivers of Business Continuity Management (BCM) include are highlighted below. Corporate Governance – With the changing Continue reading