Q.4 According to Accenture, how does information technology help create high-performance organization?
Ans.
Accenture research indicates that high-performance businesses view IT as a strategic asset—a source of both operational excellence and competitive advantage. Our Strategic IT Effectiveness (SITE) experts help top management adopt that mindset and achieve greater business value from IT. We have a clear perspective: IT is not merely a cost but a critical contributor to the business, focused on improving business value and performance. Our professionals are experienced with bold, value-creating approaches to IT, bringing boardroom-relevant criteria to IT investments and helping high-performance businesses to "think bigger" about IT's ability to improve operating results.
Friday, March 27, 2009
Case:Virtual Management at Accenture
1) What are the advantages of working in a virtual environment like the one createdby Accenture? What are the disadvantages?
ANS 1 :
Advantage:
When a new consultant is hired,Accenture's system automatically sets up an e-mail account and instructions on where to pick up aleptop.
virtual environment helps develop and improve the performance of the organisations. operating virtually helps them to gather and share information easily even when they are far from each other.
virtual environment helps make decisions quickly and reliable.
easy access to global conferences.
helps in reducing overhead expenses.
Disadvantages:
face to face interaction is not possible.
may require heavy cost of, to maintain information system.
if system fails then working of the organisation also fails which leads to many inconveniences.
Q:2 would you like to work in a company like Accenture? Why or Why not? explain your answer.
Ans 2 :
Yes, I would like to work in a company like Accenture. Because Accenture people are some of the most creative, forward-thinking people in the business world. They come from a wide range of cultural, educational and geographic backgrounds and are able to work in a dynamic and professional environment that values each person’s perspective. The different points of view they bring lead to superior business solutions for Accenture and our clients. We proactively capitalize on business and technology opportunities that enable higher levels of performance.
Q.3 What kinds of companies could benefit from being run virtually like Accenture? Could all companies be run virtually like Accenture?
Ans 3
Companies whose major part of their working depends upon outsourcing, who has workforce diversity and companies who provide their customers value based quality services with shared knowledge through internet would be benefited.No, all companies can't be run virtually like Accenture as this is not an easy thing to do. It requires a good co-odination between the employees heavy installation cost of information system etc. which might be difficult for many organization to implement with.
ANS 1 :
Advantage:
When a new consultant is hired,Accenture's system automatically sets up an e-mail account and instructions on where to pick up aleptop.
virtual environment helps develop and improve the performance of the organisations. operating virtually helps them to gather and share information easily even when they are far from each other.
virtual environment helps make decisions quickly and reliable.
easy access to global conferences.
helps in reducing overhead expenses.
Disadvantages:
face to face interaction is not possible.
may require heavy cost of, to maintain information system.
if system fails then working of the organisation also fails which leads to many inconveniences.
Q:2 would you like to work in a company like Accenture? Why or Why not? explain your answer.
Ans 2 :
Yes, I would like to work in a company like Accenture. Because Accenture people are some of the most creative, forward-thinking people in the business world. They come from a wide range of cultural, educational and geographic backgrounds and are able to work in a dynamic and professional environment that values each person’s perspective. The different points of view they bring lead to superior business solutions for Accenture and our clients. We proactively capitalize on business and technology opportunities that enable higher levels of performance.
Q.3 What kinds of companies could benefit from being run virtually like Accenture? Could all companies be run virtually like Accenture?
Ans 3
Companies whose major part of their working depends upon outsourcing, who has workforce diversity and companies who provide their customers value based quality services with shared knowledge through internet would be benefited.No, all companies can't be run virtually like Accenture as this is not an easy thing to do. It requires a good co-odination between the employees heavy installation cost of information system etc. which might be difficult for many organization to implement with.
Tuesday, March 24, 2009
Ways to launch viral marketing
###ways to launch viral marketing campaign
1. Purchase the branding rights to a viral E-book. Allow people to give away your free E-book to their visitors. Then, their visitors will also give it away. This will just continue to spread your ad all over the Internet.
2. If you have the ability to set up a forum or other bulletin board, you really have a great tool. Allow people to use your online discussion board for their own website. Some people don't have one. Just include your banner ad at the top of the board.
3. Do you have a knack for web design? Create some templates, graphics, etc. and upload them to your site. Then, allow people to give away your free web design graphics, fonts, templates, etc. Just include your ad on them or require people to link directly to your web site. Make sure that you include a link back to your site in the copyright notice and require them to keep your copyright notice in tact.
4. Write an E-book. Allow people to place an advertisement in your free E-book if, in exchange, they give away the E-book to their web visitors or E-zine subscribers.
5. Write articles that pertain to your product or service. Allow people to reprint your articles on their website, in their E-zine, newsletter, magazine or E-books. Include your resource box and the option for article reprints at the bottom of each article.
1. Purchase the branding rights to a viral E-book. Allow people to give away your free E-book to their visitors. Then, their visitors will also give it away. This will just continue to spread your ad all over the Internet.
2. If you have the ability to set up a forum or other bulletin board, you really have a great tool. Allow people to use your online discussion board for their own website. Some people don't have one. Just include your banner ad at the top of the board.
3. Do you have a knack for web design? Create some templates, graphics, etc. and upload them to your site. Then, allow people to give away your free web design graphics, fonts, templates, etc. Just include your ad on them or require people to link directly to your web site. Make sure that you include a link back to your site in the copyright notice and require them to keep your copyright notice in tact.
4. Write an E-book. Allow people to place an advertisement in your free E-book if, in exchange, they give away the E-book to their web visitors or E-zine subscribers.
5. Write articles that pertain to your product or service. Allow people to reprint your articles on their website, in their E-zine, newsletter, magazine or E-books. Include your resource box and the option for article reprints at the bottom of each article.
Strategies for Viral Marketing
##Viral Marketing Strategies
1. E-mail: It was first but it is still around and still used. It is, however, getting a little harder to use as more and more government restrictions are placed on it. Still… it does work.
2. Newsletters: This is an extension of e-mail but it a very effective tool. If you include enough timely and valuable information, a good newsletter can drive up the number of visits to your website.
3. Blogging: Providing the tools on your website to enable bloggers to interact with one another is a terrific way to get the message about your product of service out there and being talked about. Bloggers have their ears to the ground for new products and services.
4. Chat Rooms: A chat room on your website can and does encourage interaction among your customers and that can’t be a bad thing. Also, you can use the chat room to schedule special events like having an expert available to answer questions on a given day at a given time.
5. Tell-a-friend Script: If you add this with a statement saying that e-mail addresses supplied will never be shared with third parties, you can increase your potential customer list greatly.
6. Video Clips: Including cool video clips on your website will keep the interest up and increase traffic.
7. Flash Games: Although they are a little costly to start, they are an extremely effective tool to get your viral marketing campaign going. Once they are launched, they require nothing more from you.
1. E-mail: It was first but it is still around and still used. It is, however, getting a little harder to use as more and more government restrictions are placed on it. Still… it does work.
2. Newsletters: This is an extension of e-mail but it a very effective tool. If you include enough timely and valuable information, a good newsletter can drive up the number of visits to your website.
3. Blogging: Providing the tools on your website to enable bloggers to interact with one another is a terrific way to get the message about your product of service out there and being talked about. Bloggers have their ears to the ground for new products and services.
4. Chat Rooms: A chat room on your website can and does encourage interaction among your customers and that can’t be a bad thing. Also, you can use the chat room to schedule special events like having an expert available to answer questions on a given day at a given time.
5. Tell-a-friend Script: If you add this with a statement saying that e-mail addresses supplied will never be shared with third parties, you can increase your potential customer list greatly.
6. Video Clips: Including cool video clips on your website will keep the interest up and increase traffic.
7. Flash Games: Although they are a little costly to start, they are an extremely effective tool to get your viral marketing campaign going. Once they are launched, they require nothing more from you.
Monday, March 23, 2009
Uses of Management Accounting
Uses of management accounting
Management accounts will enable you to:
compare your accounts with original budgets or forecasts
manage your resources better
identify trends in your business
highlight variations in your income or spending which may require attention
They should be used for the following:
Record keeping
recording business transactions
measuring results of financial changes
projecting financial effects of future transactions
preparing internal reports in a user-friendly format
Planning and control
collecting cash
controlling stocks
controlling expenses
co-ordination and monitoring of strategy/performance
Decision making
using cost information for pricing, capital investment and marketing
evaluating market and product profitability
evaluating the financial effect of strategies and plans
Management accounts will enable you to:
compare your accounts with original budgets or forecasts
manage your resources better
identify trends in your business
highlight variations in your income or spending which may require attention
They should be used for the following:
Record keeping
recording business transactions
measuring results of financial changes
projecting financial effects of future transactions
preparing internal reports in a user-friendly format
Planning and control
collecting cash
controlling stocks
controlling expenses
co-ordination and monitoring of strategy/performance
Decision making
using cost information for pricing, capital investment and marketing
evaluating market and product profitability
evaluating the financial effect of strategies and plans
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