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Would you agree that computerized corporate planning models were a fad during the 1990s but that because of a need for flexibility in corporate planning, they are no longer used by most firms? Explain.
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- Because many large corporations implemented ERP systems prior to 2000, what direction will growth of the ERP market take?Required Research this issue and write a brief paper outlining the key issues.COMMUNICATIONS Before the mid-1970s, systems programmers and businesspeople (including accountants) did not communicate well with one another. The programmers were critized for using too much jargon, and the businesspeople were criticized for not adequately expressing their needs. Efforts have been made to overcome this communication gap, but room for impprovement still exixts. What problems do you think may result from this communication gap? What can you do to help further close the gap when you enter the workforce?Discussion Questions: 1. Why did the strategic plans adopted by companies like Level 3, Global Crossing, and 360 Networks fail? 2. The managers who ran these companies were smart, successful individuals, as were many of the investors who put money into these businesses. How could so many smart people have been so wrong? 3. What specific decision-making biases do you think were at work in this industry during the late 1990s and early 2000s? 4. What could the managers running these companies have done differently that might have led to a different outcome?
- 1.Why did the strategic plans adopted by companies like Level 3, Global Crossing, and 360 Networks fail? 2.The managers who ran these companies were smart, successful individuals, as were many of the investors who put money into these businesses. How could so many smart people have been so wrong? 3.What specific decision-making biases do you think were at work in this industry during the late 1990s and early 2000s? 4.What could the managers running these companies have done differently that might have led to a different outcome? 5.Do you think the firm is living up to its mission, vision, values, and goals? What evidence do you have to support your conclusion? 6.Can you find any evidence that managers at the organization might have made any significant strategic errors over the last decade? If they have, what role did poor planning, a lack of planning, or decision-making traps play in these errors?In the past there was concern about a “productivity paradox” related to IT services. More recently, there have been few references to this phenomenon. Using the Internet, explain the term “productiv- ity paradox.” Why do you think that the discussion of that topic has faded?‘One effect of the recent globalisation of business is that it is now easier for owners and managers to escape their ethical obligations than in previous eras.’ Can you think of any reasons in support of this viewpoint?
- Explain the following in simple words or explanation: Would scenario planning cause the company to be misdirected? Why is scenario planning important in the business or in the workplace? How is scenario planning different from strategic planning?Which of the following are NOT issues commonly faced by smaller businesses or startups a) less access to capital makes small businesses more likely to be good candidates for purchasing third party software or using SaaS b) small businesses and startups tend to use compensating controls over more expensive controls when mitigating risks c) segregation of duties is perceived as the best compensating control since it reduces the number of people needed to perform key business functions d) small businesses may rely more heavily upon logical access controls (such as strong user names and password that are tied to functional access) than physical access controls that limit the use physical resourcesDoes competition from small start-ups really pose a big competitive threat to Oracle? Explain why or why not.
- what recent development in FP&A, if any, can significantly help companies deal with a black swan event?Can you think of any business process that may have become obsolete because of technological advancements?Which of the following statements are not correct about the concept of ESG Integration? (Select all that apply) ESG Integration is just a new name for Corporate Social Responsibility (CSR). Refers to how a company integrates environmental, social, and governance criteria into their daily business procedures, long-term planning, and organizational culture. It is only relevant to certain sectors, industries, and geographies. Both investors and corporations can benefit from ESG Integration.