CHAPTER 3 : ENTERPRISE RESOURCE PLANNING (ERP)

Enterprise Resource Planning (ERP) is a system that allows you to combine all the information or operations into a single unit. They use computer hardware and software to achieve this goal. The most important part of the ERP is a central database that is used to store a variety of modules. The goal is to integrate the various functions of the institution and it is not limited to the company and are commonly used by non-profit organizations, government agencies and other agencies. ERP has a great level of information flow and a higher quality of information that can transfer information from one place to another and act on data in a short time . Using ERP companies can manage inventory effectively. For example, when producing the product it will be done with a high level using a lower cost. The money saved by the organization can be used to invest in new products or marketing strategies. ERP can also make the company very flexible and this means that the company is able to adapt to changes in the market. On this day flexibility is very important because without the flexibility of an organization is difficult to compete with one another. ERP has an interest in the issues of dealing software implementation of the software and it also helps companies integrate operations. At the same time it is also important to recognize that there are challenges involved in the use of ERP could cost becomes expensive.

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*kna siapkn asgment =)

xoxo GeeMin <3

Say "Charge It" with Your Cell Phone

Do you view this technology as a potential threat to traditional telephone companies? If so, what counter strategies could traditional telephone companies adopt to prepare for this technology?  

                                                         

• Yes this technology as a a potential threat to traditional telephone because to easy bring anywhere they go. The companies can make some money off it without putting them out of business. Then, make traditional telephone more appealing to people and possibly cheaper packages then what they already have. Besides cheap, relatively attractive design.

Using Porter's Five Forces describe the barriers to entry for this new technology.

• We can see by using Porter's Five Forces barriers to entry barriers in the product or service. features that customers have come to expect from organizations in a particular industry and must be offered by the organization to enter to compete and survive .Telephone company must offer a variety of new technology available to the customer so that the customer is not going to switch to another phone company product. In addition, telephone companies must monitor what customers buy. After visiting the site a lot of times they can customize what products customers love. If they shop, will not be conversion costs since the new shopping sites do not have the final profile customers make a purchase.

Which of Porter's three generic strategies is the new technology following?

• Porter's three generic strategies is a new technology that focuses on the strategy to target niche markets. It shows the user to target the growing market of mobile phone users and buy products and services from a cell phone.

Describe the value chain of the business of using cell phones as a payment method.

• Improve the infrastructure value chain of telephone companies and promote the development of technology is as sick methods of payment can receive information to the telephone company sends the consumer purchase. More people are involved in this type of payment method.

What types of regulatory issues might occur due to this type of technology?

• Types of regulatory issues may occur due to this type of technology people are skeptical of putting personal information. users out there do not know the type of security protection belonging to the company. In addition another type of regulatory issues is people will find a way to hack into the mobile phones.

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CHAPTER 2: PORTERS 5 FORCES MODEL

Below is the diagram of 5 forces model

The model of pure competition implies that risk-adjusted rates of return should be constant across firms and industries. However, numerous economic studies have affirmed that different industries can sustain different levels of profitability,part of this difference is explained by industry structure.

Michael Porter provided a framework that models an industry as being influenced by 5 forces. The strategic business manager seeking to develop an edge over rival firms can use this model to better understand the industry context in which the firm operates.

BUYER POWER

Buyers or customers can exert influence and control over an industry in certain circumstances. This happens when:

• There is little differentiation over the product and substitutes can be found easily by customers/buyers.
• Buyers/customers are sensitive to price fluctuations.

• Switching to another product is not costly for customers/buyers.   

            

SUPPLIER POWER
Suppliers are also essential for the success of an organization as they provide businesses with the resources they need to produce their products and services. Supplier power can come from:
• If there is one or just a few suppliers that can provide the resources a business needs.

• If it is expensive to move from one supplier to another (known also as switching cost)

• If there is no other substitute for the product provided by the supplier. 

THREAT OF SUBSTITUTE PRODUCTS & SERVICES
 Are there alternative products that customers can purchase instead of yours? alternative products that offer the same benefit as your products? The threat from substitute (competitor) products is high when:

• The price of the substitute (competitor) product falls.
• It is easy for consumers to switch from one substitute product to another.

• Buyers are willing to substitute products from different competitors.

THREAT OF NEW ENTRANTS

 The threat of new organizations entering the industry is high when it is easy for an organization to enter the industry i.e. entry barriers are low.When a new business is deciding whether to enter an industry it will look at:Would government legislation prevent them or encourage them to enter the industry.

1. How loyal customers are to existing products,
2. How quickly it can achieve economy of scales
3. Would it have access to suppliers and

RIVALRY AMONG EXISTENCE COMPETITORS

Competitive rivalry is a good starting point to when analyzing a particular industry. If entry to an industry is easy then competitive rivalry is likely to be high. If it is easy for customers to move to substitute products for example from coke to water then again rivalry will be high. Generally competitive rivalry will be high if:

• There is little differentiation between the products sold by competitors.
• Competitors are approximately the same size of each other.
• If competitors have similar strategies.
• It is costly to leave the industry (exit barriers)

What I study from this chapter I find the example product or company that use the 5 force model the one is L'OREAL company. Below is the their products:

 

                                                            

                                                                          TQ

CHAPTER 1: BUSINESS DRIVEN TECHNOLOGY

Today electronics that connect to one another are found everywhere for example in the office,home,car. Bluetooth wireless technology eliminates many of the wires that clutter our office,homes. IT'S impact on business operations in reducing cost,improving productivity and  generating growth.

Information Technology (IT) and Management Information Systems (MIS) have a function. Function for IT is a field concerned with the use of technology in managing and processing information. Second, covering many field that deal with the use of electronic computers and computer software to convert,store,protect,process,transmit and retrieve information securely. Next, can be an important enabler of business success and innovation. Not useful unless the right people know how to use and manage it effectively.

Function for MIS is a business function just as marketing,finance,operations and human resources. Is a general name for the business function and academic discipline covering the application of people,technologies,and procedures. Important element of MIS is data,information and business intelligence, IT resources and IT cultures.

Data is a raw facts that describe the characteristics of an event. Characteristic for a sale is a date, item, number, item description, quantity ordered, customer name and shipping details. Information is data converted into a meaningful and useful context. Information from sales events could include best selling item, best customers and worst customers. Business Intelligence is a applications and technologies that are used to gather, provide access to and analyzed data and information to support decision making efforts. Helps companies gain a more comprehensive knowledge of the factors affecting their business. 

IT resources have a three key it is people, information and information technology. IT cultures is will influence the way people use information (their information behavior) and will reflect the importance that company leaders attribute to the use of information in achieving success or avoiding failure.