https://padlet.com/loupulopot/zi6vbor61ryshqee Intelligence en-us 2023-05-20 14:13:37 UTC 2023-05-20 14:13:39 UTC hello@padlet.com https://padlet.net/icons/png/1f618.png loupulopot https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333982

The Nature of Business/Practical assessment of the nature of business processes:
                "When a company decides to automate its business processes by means of RPA (Robotic Process Automation), there are two fundamental questions that need to be answered. Firstly, what activities should the company automate and what characteristics make them suitable for RPA. The aim of the presented research is to design and demonstrate a data-driven performance framework assessing the impact of RPA implementation using process mining (PPAFR). Firstly, we comment on and summarise existing trends in process mining and RPA. Secondly, we describe research objectives and methods following the Design Science Research Methodology. Then, we identify critical factors for RPA implementation and design process stages of PPAFR. We demonstrate the design on real data from a loan application process. The demonstration consists of a process discovery using process mining methods, process analysis, and process simulation with assessment of RPA candidates. Based on the research results, a redesign of the process is proposed with emphasis on RPA implementation. Finally, we discuss the usefulness of PPAFR by helping companies to identify potentially suitable activities for RPA implementation and not overestimating potential gains. Obtained results show that within the loan application process, waiting times are the main causes of extended cases. If the waiting times are generated internally, it will be much easier for the company to address them. If the automation is focused mainly on processing times, the impact of automation on the overall performance of the process is insignificant or very low. Moreover, the research identified several characteristics which have to be considered when implementing RPA due to the impact on the overall performance of the process."

https://youtu.be/XFQzGDsqhFk

https://caccl-sdccd.primo.exlibrisgroup.com/discovery/fulldisplay?docid=cdi_proquest_journals_2556555800&context=PC&vid=01CACCL_SDCCD:SDMIRAMAR]]> 2023-05-20 14:13:37 UTC https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333982 loupulopot https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333983 Understanding Business Ethics:
                   "Business ethics are important for every company. They keep workers safe, help trade and interactions between companies remain honest and fair, and generally make for better goods and services. Distinguishing what a company will and won’t stand for is not always the same for each organization, but knowing basic ethical guidelines is a key component of company management. "
                     In business ethics there are three  basic components which are:
1). History = "while the idea of business ethics came into existence along with the creation of the first companies or organizations, what is most often referred to by the term is its recent history since the early 1970s. This was when the term became commonly used in the United States."
2). Scandal = "the second major meaning behind the term is derived from its close relationship and usage when scandals occur. Companies selling goods in the U.S. that were created using child labor or poor working conditions is one such scandalous occurrence."
3). Integration = the idea that companies are building business ethics into the core of their companies, making them a standard part of their operational blueprint. As the world continues to grow more political – and more politically correct – an increased focus on proper business ethics and strong adherence to them become ever more the norm.

https://www.merriam-webster.com

https://corporatefinanceinstitute.com/resources/esg/business-ethics/


            ]]> 2023-05-20 14:13:37 UTC https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333983 loupulopot https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333984 Global Trade in the United States:

https://youtu.be/-v3uqD1hWGE?t=134

This video amazed me with what she was talking about the global market trade here in the United States, and I just want to share it with you all.]]> 2023-05-20 14:13:37 UTC https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333984 loupulopot https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333985 Threats ans Opportunities in the Global Marketplace:
  Below are some of the risk and threats that are being discuss on this video:
1). Data Breaches = according to Spirion CEO Kevin Coppins “The biggest risk companies will face in the coming year is the risk of having their data breached. Organizations for years have said “it’s not if you’ll be breached, it’s when.”  
2). Climate Change = on this one David Farkas who is the founder and CEO of branding company (The Upper Ranks), he thought that, “Organizations will face the most significant operational risks in 2022 as a result of natural disasters and extreme weather brought on by climate change."
3). The Great Recognition = as the Chief of information security officer at Optiv  Security and adjunct professor at the University of Dallas Brian Wrozek, he taught that  "The impact of the ‘great resignation’ will be significant. Many companies and cybersecurity teams will struggle to [start] new projects as they spend more time onboarding and training new resources."
4). Obtaining Talent = “Obtaining talent is one of the biggest risks facing companies in 2022. The talent market has long been strained. Many organizations were grappling with skills shortages pre-pandemic," said by Kim Pope, the COO of WilsonHCG, a talent acquisition company.
5). Pandemic = "it is the biggest risk that businesses will continue to face going into 2022 are pandemic-related. Whether it is government policies or regulations, things continue rapidly changing as Covid -19 cases keep rising, making it difficult for many businesses and companies to stay afloat,” and this is what Rich Rudzinski is the founder of digital technology company Tragic Media and Oversight, a workforce management platform, and this is what he taught about.
6). Lack of Inventory = according to Carlos Castelán is the managing director of The Navio Group, a retail consulting firm that advises businesses how to navigate supply chain challenges, "One of the biggest risks for businesses in 2022 will be inventory. Having or not having inventory could be the difference between success and failure during early 2022."
7). Burnout = Jay Zigmont, the founder of financial planning firm of Live, Learn, Plan, he taught that, “the biggest risk and threat facing leaders in 2022 may be burnout. Burnout is not a new concept in the business world, but the past few years have put a level of stress on both leaders and staff that may have never been seen before."
8). Inflation = Simon Worsfold, senior data manager at Intuit QuickBooks, he said that "Almost all small business owners (97%) said they are worried about inflation according to a new report from Intuit QuickBooks based on a survey of 2,000 U.S. business owners, with 45% citing ‘rising costs’ as the largest threat their businesses face. To combat this, nearly two-thirds of business owners (63%) are planning to raise prices over the next three months.”
9). Financial Crisis = “Financial [crises] will impact businesses across all industries [this] year. The pandemic isn’t over and new variants keep disrupting the global market. We have seen plenty of shortages in resources and I don’t expect this to disappear soon, this is what Malte Scholz, CEO of product management platform Airfocus, have to say.
10). Failure to Innovate = Harel Tayeb, the CEO of Kryon, a robotic process automation company said, “The biggest risk companies face in 2022 is failure to keep innovating. Even the most successful company that owns the market share in its industry will run into problems if it coasts on its achievements."

This article was written by Edward Segal, Host of the new Crisis ahead podcast on the Federal News Network.

https://federalnewsnetwork.com/shows/crisis-ahead/

https://www.forbes.com/sites/edwardsegal/2022/01/05/the-10-biggest-risks-and-threats-for-businesses-in-2022/?sh=6b1177f5366c

https://podcasts.apple.com/us/podcast/crisis-ahead/id1514212596


]]> 2023-05-20 14:13:37 UTC https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333985 loupulopot https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333987
Who was the first Entrepreneur in History:
           The first entrepreneur in history was George Washington, he never saw himself as a businessman and his only main concern is to be a leader and president of the United States and was just want to build the structure and prosperity for the nation. He consort with Hamilton to construct a debt repayment plan and a national bank. "He believed commerce would bring regions and cultures together and create a sense of unity. Washington’s sentiments would likely align with how we have globalized our economy today utilizing the internet. Washington was also a big fan of calculated risk taking and transparency." Hans Christian Anderson and John Pierpont Morgan, was known as earlier entrepreneur that "show us how varied the interests of successful entrepreneurs can be."

https://en.wikipedia.org/wiki/George_Washington

https://thegrittifund.com/startup-investment/first-
entrepreneur-history/

https://merriam-webster.com

]]> 2023-05-20 14:13:37 UTC https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333987 loupulopot https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333988 The Role of Management:

                  There are four functions of management:

1). Planning = managers start with planning stage, they generate and innovate organizational goals and establish an action to accomplish them. After finishing with the planning stage they continue their role with the planning phase. Management "makes strategic decisions to set a direction for the organization "makes strategic decisions to set a direction for the organization and brainstorm different alternatives to achieve the objective before choosing the best course of action."
2). Organizing = On this stage management must work with other departments  of the organization such as human resources and finance to be able to prepare and calculate the budget and staffing.
3). Leading = management conform "of motivating employees and influencing their behavior to achieve organizational objectives. Leading focuses on managing people, such as individual employees, teams and groups rather than tasks. Though managers may direct team members by giving orders and directing to their team, managers who are successful leaders usually connect with their employees by using interpersonal skills to encourage, inspire and motivate team members to perform to the best of their abilities."
4). Controlling = "is the process of evaluating the execution of the plan and making adjustments to ensure that the organizational goal is achieved. During the controlling stage, managers perform tasks such as training employees as necessary and managing deadlines. Managers monitor employees and evaluate the quality of their work."


https://www.merriam-webster.com

https://www.youtube.com/watch?v=r0ZRnKNyBlA

https://www.indeed.com/career-advice/career-development/basic-functions-of-management





]]> 2023-05-20 14:13:37 UTC https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333988 loupulopot https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333989  Building Organizational Structures:

What is an Organizational Structure:
           "An organizational structure is an organizational structure that creates this framework. Organizational structures can be centralized or decentralized, hierarchical or circular, flat or vertical."

Centralized vs. Decentralized:
                         "Many companies use the traditional model of a centralized organizational structure. With centralized leadership, there is a transparent chain of command and each role has well-defined responsibilities."

Hierarchical vs. Circular:
                         "A hierarchical organization structure is the pyramid-shaped organization chart many people are used to seeing. There is one role at the top of the pyramid and the chain of command moves down, with each level decreasing in responsibilities and authority."
                      "On the other hand, a circular organization chart looks like concentric circles with company leadership in the center circle. Instead of information flowing down to the next “level,” information flows out to the next ring of management."

Vertical vs. Flat:
                  "A vertical organizational chart has a clear chain of command with a small group of leaders at the top—or in the center, in the case of a circular structure—and each subsequent tier has less authority and responsibility. As discussed below, functional, product-based, market-based and geographical organizational structures are vertical structures."
                  "With a flat organization structure, a person may report to more than one person and there may be cross-department responsibilities and decision-making authority. The matrix organizational structure described below is an example of a flat structure."

https://www.merriam-webster.com

https://www.forbes.com/advisor/business/organizational-structure/



                               ]]> 2023-05-20 14:13:37 UTC https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333989 loupulopot https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333990 The Labor Relations Process:
                             "HR Basics is a series of short lessons, designed to highlight what you need to know about a particular human resource management topic. In this HR Basics, we explore Labor Relations, how to manage the relationships with employees organized by labor unions,"
by GreggU, connects people to the learning they need completely free anytime and also creates free learning to help people be their best with thousands of videos. GreggU  is presented by Lighthouse Organizational Development.

https://www.merriam-webster.com

https://www.youtube.com/watch?v=1LjKhE3mvMM



                           ]]> 2023-05-20 14:13:37 UTC https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333990 loupulopot https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333991 Marslow's Hierarchy of Needs:

   Abraham Marslow was born on April01, 1908.
He was an American psychologist, philosopher, and studied psychology at the University of Wisconsin. He became head of the psychology department at Brandeis University in Waltham, Massachussetts  in 1951.

https://www.merriam-websters.com

https://youtu.be/O-4ithG_07Q?t=97

https://www.britannica.com/biography/Abraham-H-Maslow




]]> 2023-05-20 14:13:37 UTC https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333991 loupulopot https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333992 "The marketing concept is based on the “right” principle. The marketing concept is the use of marketing data to focus on the needs and wants of customers in order to develop marketing strategies that not only satisfy the needs of the customers but also the accomplish the goals of the organization. An organization uses the marketing concept when it identifies the buyer’s needs and then produces the goods, services, or ideas that will satisfy them (using the “right” principle)."
 
https://youtu.be/fWlPUmSNcuk?t=44

https://openstax.org/books/introduction-business/pages/11-1-the-marketing-concept



]]> 2023-05-20 14:13:37 UTC https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333992 loupulopot https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333994 What are some of the trends and new innovations that retailers are trying? How are they contributing to a new customer journey?

Five things retailers can do to stay competitive in the ever-changing world of retail:

1). "Do consumer research on your customers. Ask them not only about how you are performing, but about features that would make them buy more from you."
2). "Create a customer advisory board with the goal of getting actionable input. Remember, these should not be sales presentations!"
3).  "Stay on top of trends within your industry. Do a deep dive on your direct and indirect competitors."
4).  "Test and learn to unlock data-driven innovation. Use this data to experiment on hypotheses so you can measure and understand the KPIs around those hypotheses to drive future decisions."
5). "Should you become a First Mover or a Fast Follower? While the First Mover could have the competitive edge, the Fast Follower learns from the First Mover's mistakes and improves upon innovation."

1). Experiencing the brand on a deeper level:
           " For a brand to survive, customer experience is the key. For example, Lululemon not only sells trendy yoga gear, the stores offer free yoga classes as well. Joann Fabric & Craft Stores opened its first "Creator's Studio" concept store in 2018. It featured cutting-edge technology, dedicated community and learning spaces, and new custom services. The chain has since successfully rolled out several more of these stores nationwide."

2). Augmented Reality and artificial intelligence: influencing product personalization:
             Trying merchandise is a good practice before you finalize your purchases especially when your buying a brand name makeup (the prices are horrendous). It will eliminate on coming back and trying to return the merchandise once you changed your mind or the color does not look good  on you.

3). Delivery technology – not all purchases are made within its four walls:
            Buying online is very convenient and even if you just woke up in the morning, you can just use your computer or phone to do your online shopping. "The traditional customer journey is changing, and retailers need to continue to reinvent themselves to stay connected with their customers' ever-changing wants and needs. To come out as a leader, the brand's focus must be much more than just selling product."

https://www.retailcustomerexperience.com/blogs/5-things-retailers-can-do-to-stay-competitive-in-the-ever-changing-world-of-retail/

https://openstax.org/books/introduction-business/pages/11-1-the-marketing-concept

]]> 2023-05-20 14:13:37 UTC https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333994 loupulopot https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333995 Protecting Computers and Information:
           We need to know the steps and procedures to protect our devices like our phone whether they are IOS or Android, iPods, Apple watch, and our computers need  protection to avoid getting malware and viruses.

https://youtu.be/6mMZFoXbKqI?t=132

https://openstax.org/books/introduction-business/pages/11-1-the-marketing-concept

]]> 2023-05-20 14:13:37 UTC https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333995 loupulopot https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333996
               Accounting, I believe that we have to deal a lot with numbers. I also believe that Accounting is a good job because an Accountant must be so good with numbers that is why it is their job.

 Below are some duties and responsibilities of an accountant:
* "Provides financial information to management by researching and analyzing accounting data; preparing reports."
* "Prepares asset, liability, and capital account entries by compiling and analyzing account information."
* "Documents financial transactions by entering account information."
* "Recommends financial actions by analyzing accounting options."
* "Summarizes current financial status by collecting information; preparing balance sheet, profit and loss statement, and other reports."
* "Substantiates financial transactions by auditing documents."
* "Maintains accounting controls by preparing and recommending policies and procedures."
* "Guides accounting clerical staff by coordinating activities and answering questions."
* "Reconciles financial discrepancies by collecting and analyzing account information."
* "Secures financial information by completing database backups."
* "Maintains financial security by following internal controls."
* "Prepares payments by verifying documentation, and requesting disbursements.
* "Answers accounting procedure questions by researching and interpreting accounting policy and regulations."
* "Complies with federal, state, and local financial legal requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions."
* "Prepares special financial reports by collecting, analyzing, and summarizing account information and trends."
* "Maintains customer confidence and protects operations by keeping financial information confidential."   

https://youtu.be/4_EOjBVj9EY?t=17

https://openstax.org/books/introduction-business/pages/11-1-the-marketing-concept]]> 2023-05-20 14:13:37 UTC https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333996 loupulopot https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333997 How the Federal Reserve Works: After the Great Recession by Prof. Tyler Cowen:
             
               "Marginal Revolution's is the blog of Tyler Cowen and Alex Tabarrok, both of whom teach at George Mason University. MR began in August of 2003 and there have been new posts daily since that time. In numerous reviews and ratings over the years Marginal Revolution has consistently been ranked as the best or one of the best economic blogs on the web, but it is more (and less) than that, also representing the quirks of its authors."
            "Tyler Cowen is Holbert L. Harris Professor of Economics at George Mason University and also Director of the Mercatus Center. He received his Ph.d. in economics from Harvard University in 1987. His book The Great Stagnation: How America Ate the Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better was a New York Times best-seller. He was recently named in an Economist poll as one of the most influential economists of the last decade and several years ago Bloomberg BusinessWeek dubbed him "America's Hottest Economist." Foreign Policy magazine named him as one of its "Top 100 Global Thinkers" of 2011. His next book, about American business, is due out in 2019. He has blogged at Marginal Revolution every day for almost fifteen years."

https://youtu.be/dTivWJvGYtI?t=94

https://marginalrevolution.com/about

https://openstax.org/details/books/introduction-business

]]> 2023-05-20 14:13:37 UTC https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333997 loupulopot https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333998 About HikVision:
               "Hikvision is committed to serving various industries through its cutting-edge technologies of machine perception, artificial intelligence, and big data, leading the future of AIoT:"
           "Hikvision provides a broad range of physical security products, covering video security, access control, and alarm systems. We also provide integrated security solutions powered by AI technology to support end-users with new applications and possibilities for safety management and business intelligence. Over the past several years, we have deepened our knowledge and experience in meeting customer needs in various vertical markets with professional and intelligent solutions, including smart city, transportation, retail, logistics, energy, and education. In addition, Hikvision is extending its business to smart home, robotics, automotive electronics, intelligent storage, fire security, infrared sensing, X-ray detection, and medical imaging to explore new channels for sustaining long-term development."

https://youtu.be/YzYSTbmk7W4

https://www.hikvision.com/en/about-us/company-profile/

https://openstax.org/details/books/introduction-business

]]> 2023-05-20 14:13:37 UTC https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333998 loupulopot https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333999 About EmilyKCenter:

                  "On February 18, 2006, the Emily Krzyzewski Center opened its doors to the Durham community for the first time. At its outset, the Center had only one program, Pioneer Scholars, serving 38 students. The Center intentionally grew its enrollment-based programs from there, adding its high school-focused Scholars to College program in 2008 and a college-focused Scholars on Campus program in 2012. By 2015, the Center was serving more than 200 students annually but knew there was more work to be done. In 2016, the Emily K Center’s open access Game Plan: College program launched, providing college access advice and support to any high school student in Durham." "Today, the Center is proud to serve more than 2,000 Durham students annually. In addition to academic programs, the Center also works with approximately 50 facility partners each year who utilize the Center as a space for their own important programming and events."

https://youtu.be/RJDyiWjX_ac?t=54

https://www.emilyk.org/about-us/coach-k-our-history

https://openstax.org/details/books/introduction-business



]]> 2023-05-20 14:13:37 UTC https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598333999 loupulopot https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598334000 About Norbert Pinske:
               " CIO Advisory, Digital Transformation, IT- and Sourcing Strategy, IT Marketing and Sales, Coaching and Training, worked as a global IT leader in the CPG industry, experienced in IT Strategy, Infrastructure & Operations, SAP Implementations, Enterprise Computing, IT Product Management for Digital Workplace and Connectivity.
I love to develop diverse IT teams and coaching talents to succeed in their career. In 2020, I founded my own business as an IT Consultant and advisor for Customers and Industry Partners on their Digital Transformation, IT- and Go-To_Market Strategy, Operating/Sourcing Models and Leadership."
                         
https://www.linkedin.com/in/norbert-pinske/?originalSubdomain=ch

https://www.youtube.com/watch?v=SHOJiY3nvSg







]]> 2023-05-20 14:13:37 UTC https://padlet.com/loupulopot/zi6vbor61ryshqee/wish/2598334000