Business in brief library

Operations Techniques

Forward Integration

Forward Integration

Forward integration is one of three types of vertical integration, where companies in a supply chain are united through a common owner. This concept will help managers to differentiate between forward and backward integration and gain insights into its implementation steps and success measures.

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Franchising

Franchising

Franchising is an important business growth strategy and marketing system that can boost turnover without the need to increase assets. The concept explains the advantages and drawbacks of this strategy and describes how some of the world's most iconic brands have built successful franchising businesses.

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Freedom of Information Act 2000

Freedom of Information Act 2000

The Freedom of Information Act 2000 encourages organisations to work in a responsible manner. By adopting a policy of openness, organisations can engender greater public trust and confidence. Implementation steps are presented and strengths and drawbacks of the legislation are discussed.

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Future Supply Chains

Future Supply Chains

The future supply chain vision encompasses concepts for infrastructure sharing that go beyond common practices. This concept reviews the current state of supply chains and presents a conceptual approach that illustrates how the likelihood of change in the future.

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Graphical Statistics

Graphical Statistics

Graphical statistics shape how data is explored, interpreted, and acted upon. The choice of visual and summary methods influences what patterns are noticed, how confidently conclusions are drawn, and whether decisions are supported by evidence. Effective use of graphical statistics therefore plays an important role in supporting robust analysis.

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Green Logistics

Green Logistics

The concept reviews the notion of green logistics and describes some of the problems that arise when companies adopt it. Strengths, implementation steps and business evidence provided will help organisations make a more informed decision about benefits of green logistics and transforming their supply chains.

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Group Dynamics

Group Dynamics

Group dynamics can be used as a means for problem-solving, team work, and to become more innovative and productive as an organisation as whole. The concept will provide you with the strengths, success factors and measures of group dynamics, along with other professional tools.

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Group Norms

Group Norms

Norms determine how effective a group will be and may influence factors like the degree of cooperation. Practical case evidence and implementation steps can help leaders to initiate project groups that will succeed at delivering end goals.

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Horizontal vs. Vertical Integration

Horizontal vs. Vertical Integration

The concept describes the basics and importance of supply chain integration and helps managers and practitioners to identify the level of influence the company has over its supply chain's suppliers and buyers.

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How Do We Create a Fair AI System? Algorithms and Label Bias

How Do We Create a Fair AI System? Algorithms and Label Bias

An AI tool can be accurate and still be unfair when it predicts a convenient label rather than the outcome a decision requires. This technique helps practitioners compare the ideal and actual target, test who may be disadvantaged, and decide whether to retrain, redesign, restrict or stop an internal tool (Chicago Booth Center for Applied AI, 2021).

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Human Resources Information Systems

Human Resources Information Systems

Human Resources Information Systems (HRIS) enable organisations to manage, analyse and use workforce information more effectively. They support everyday people-management activities such as payroll, recruitment, learning, absence and performance, while also providing the workforce data needed for planning and organisational decision-making.

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Information Database Marketing

Information Database Marketing

Information databases can be used for a range of purposes, including accounting, planning, banking, manufacturing, or marketing. The concept describes an information database from the marketing perspective, and provides a description, business uses, and other tools that can assist professionals and managers to better understand it.

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