performance management supports business intelligence and decision making

... Poor Rules and procedures Many and formal Few and informal Use of managerial Coordination and control Formal and impersonal Informal and personal Trang 24Examples of Centralized and Decentralized ... principles and values  Responding to misconduct and reporting violations Source: U.S Bank, Do the Right Thing: Code of Ethics and Business Conduct , https://www.usbank.com/hr/docs/policies/coeHandbook.pdf ... of Ethical Culture and RelationshipsPart Three The Decision Making Process Trang 2Defining CorporateCulture Corporate culture has many definitions  A set of values, norms, and artifacts, including

Ngày tải lên: 09/12/2016, 10:31

... vendors, and customers. 4 Minimize subjective and inconsistent management standards. 5 Help a company remain in compliance with complex government regulations. 6 Build public trust and enhance business ... misconduct 4 Standards and procedures communicated effectively via ethics training programs 5 Systems to monitor, audit, and report misconduct 6 Consistent enforcement of standards, codes, and punishment ... 2008). 1 Standards and procedures, such as codes of ethics, that are reasonably capable of detecting and preventing misconduct 2 High-level personnel who are responsible for an ethics and compliance

Ngày tải lên: 09/12/2016, 10:31

... they are above ethics and compliance requirements Trang 4Leaders Admired for• Promotes ethical conduct as a necessity of business • Shares responsibility and decision making with managers of ... natural and organic products • Satisfying and delighting our customers • Supporting team member happiness and excellence • Creating wealth through profits and growth • Caring about our communities and ... operational level and stage of the decision making process Trang 12Ethical conflicts occur when there are two or more positions on an ethical decision  Will not be brought to management’s attention

Ngày tải lên: 09/12/2016, 10:31

... ethical decision making and financial performance Trang 5Ethical Decisions Affect SustainabilityTrang 6 The most far reaching and controversial issues relate to the air we breathe  Water  All businesses ... differentiation and sale of air pollution technologies  Better environmental performance can decrease costs  Improve risk management and stakeholder relationships, reduce materials and energy used and ... think about water conservation, purification and allocation  Land  Businesses have an ethical responsibility to minimize their harmful impact on the land Trang 7Issues  Air pollution – comes

Ngày tải lên: 09/12/2016, 10:31

... Trang 1BUSINESS ANALYTICS: DATA ANALYSIS AND DECISION MAKING Introduction to Data Analysis and Decision Making 1 Trang 2(slide 1 of 2)  Living in the ... fields: statistics and management science.  Statistics is the study of data analysis.  Management science is the study of model building, optimization, and decision making  Three important ... inference, and the search for relationships in data.  Decision making—includes optimization techniques for problems with no uncertainty, decision analysis for problems with uncertainty, and structured

Ngày tải lên: 10/08/2017, 10:35

... STDEV function to find the sample standard deviation or the STDEVP function to find the population standard deviation. Trang 26Calculating Variance and Standard Deviation Trang 27© 2015 Cengage ... Variables, and Observations  A data set is usually a rectangular array of data, with variables in columns and Trang 6Example 2.1:Questionnaire Data.xlsx  Objective: To illustrate variables and ... by 1 and all others by 0. This can be done using a simple IF formula.  Find the count of that category by summing the 0s and 1s.  Find the percentage of that category by averaging the 0s and

Ngày tải lên: 10/08/2017, 10:35

... accessible Scatterplot with Trend Line and Equation Superimposed Trang 17Correlation and Covariance(slide 1 of 4)  Correlation and covariance measure the strength and direction of a linear relationship ... any number and select Sort.  To sort on the labels of a Rows or Columns field, right-click any of the categories and select Sort. field and get the dialog box that allows both sorting and filtering. ... accessible smoking and drinking.  Solution: Data set lists the smoking and drinking Trang 5Example 3.1: To create the crosstabs, enter the category headings in Excel and use the COUNTIFS

Ngày tải lên: 10/08/2017, 10:35

... of the random quantities are generated, and these typically lead to different bottom-line results.  The key to simulating random variables is Excel’s RAND function, which generates a random ... Single Random Variable (slide 3 of 3) probability that the random variable is less than or equal to some particular value.  Assume that 10, 20, 30, and 40 are the possible values of a random ... Calculate the standard deviation of the market return in cell B13 with the formula: Trang 22Conditional Mean and Variance  There are many situations where the mean and variance of a random variable

Ngày tải lên: 10/08/2017, 10:35

... part.Standardizing: Z-Values  The standard normal distribution has mean 0 and standard deviation 1, so it is denoted by N(0,1)  It is also referred to as the Z distribution.  To standardize ... true even if the random variables are not independent.  If X 1 through X n are n independent and normally distributed random variables with common mean μ and common standard deviation σ, ... whole or in part.Mean and Standard Deviation of the Binomial Distribution  It can be shown that the mean and standard deviation of a binomial distribution with parameters n and p are given by

Ngày tải lên: 10/08/2017, 10:35

... events (decisions and outcomes), as well as probabilities and monetary values. Trang 9Decision Trees(slide 2 of 4)  Decision trees are composed of nodes (circles, squares, and triangles) and branches ... 1DECISION MAKING Decision Making under Uncertainty6 Trang 2 A formal framework for analyzing decision problems that involve uncertainty includes:  Criteria for choosing among alternative decisions ... tool—a decision tree—guides the analysis.  A decision tree enables a decision maker to view all important aspects of the problem at once: the decision alternatives, the uncertain outcomes and

Ngày tải lên: 10/08/2017, 10:35

... random samples and to demonstrate how sample means are  Generate 25 random samples of size 15 each from the small customers only, calculate the average amount owed in each random sample, and ... population distribution with mean μ and standard deviation σ, the sampling distribution of the sample mean X is approximately normal with mean μ and standard deviation σ/√n, and the approximation improves ... simple random sample of size 10 from this frame. To do this, first generate a column of random numbers in column F using the RAND function. Then, sort the rows according to the random numbers

Ngày tải lên: 10/08/2017, 10:35

... confidence interval for the mean difference between husbands’ and wives’ ratings of sales presentations.  Solution: A random sample of husbands and wives are asked (separately) to rate the sales ... mean satisfaction rating of the new sandwich.  Solution: A random sample of 40 customers who ordered a new sandwich were surveyed Each was asked to rate the sandwich on a scale of 1 to 10.  The ... approximate standard error of given in the equation below:  The point estimate of T is the point estimate of the mean multiplied by N, and the standard error of this point estimate is the standard

Ngày tải lên: 10/08/2017, 10:35

... Environmental Management and Decision Making for Business i This page intentionally left blank Environmental Management and Decision Making for Business Robert Staib © Selection and editorial ... Environmental Management and Decision Making for Business production of their products and services and the energy and material used in the use and disposal of their products Therefore the challenge to business ... Corporate decision making can be considered as a broad term that encompasses strategic planning and general management decisions and decisions made in the management of design – e.g in the management...

Ngày tải lên: 31/03/2017, 10:34

... students understand and use their current values and convictions in making business decisions and to encourage everyone to think about the effects of their decisions on business and society Many ... identify, analyze, and u understand how businesspeople make ethical d decisions and deal with ethical issues Chapter 5, “Ethical Decision Making and Ethical L Leadership,” has been revised and updated ... is to help you understand and use your current values and convictions when making business decisions so that you think about the effects of those decisions on business and society In addition,...

Ngày tải lên: 23/03/2014, 08:20

... managing business performance Business intelligence (BI) is a key enabler of BPM Hence the title of this redbook, Business Performance Management Meets Business Intelligence BPM Meets BI Business performance ... threats, and regulatory pressures See, understand, and use business information to adapt their business processes and IT infrastructure to optimize business performance Business performance management ... informed and proactive decision making The holistic approach enables the integration and use of business intelligence, process management, business service management, activity monitoring, and corporate...

Ngày tải lên: 21/06/2014, 03:20

... between BPM and business intelligence in more detail Chapter Understanding Business Performance Management 25 26 BPM Meets BI Chapter The role of business intelligence in BPM Business intelligence ... Proactive monitoring and business alerts User-customized analytics and reporting of On Demand business and IT performance information Industry-specific business performance management solutions ... event and business metrics with business intelligence for assessing KPIs relative to business goals Advanced business simulation and performance optimization based on real-time monitoring of business...

Ngày tải lên: 21/06/2014, 03:20

... because of performance and high processing costs 2.4 Business intelligence: The evolution A BI system enables businesses to analyze and manage business performance through the access and use of ... task of optimizing business performance 2.2.1 Key Performance Indicators Measures or metrics of business performance help drive business decisions Metrics show how well the business is doing relative ... the BPM and BI systems to determine what decisions, if any, need to be made to optimize business operations and performance Applying business expertise to business information creates business...

Ngày tải lên: 21/06/2014, 03:20

... flow and interactions between business processes Information services provide the capabilities required to federate and consolidate data sources Business Performance Management Services The business ... Events OLAP Reports Alerts BPM BPM Business Business Business Business Information Information Systems Operations Systems Operations Management Monitoring Monitoring Management Monitoring Monitoring ... business integration environment Development Platform Business Performance Management Services Interaction Services Information Services Process Services Enterprise Services Bus Application and...

Ngày tải lên: 21/06/2014, 03:20