Information Management
The action of complying with a wish or command in the ethical world
What is compliance?
This is the decision-making pattern of purchasing
What is buying behavior?
Supply chain members do this to ensure goods arrive on time, efficiently
What is collaboration?
Showing up on time for work is an example of this
What is punctuality?
What is risk?
Monitoring of an organization's internal and external environments for detecting opportunities and threats
What is an environmental scan?
The portion or percentage of an industry's sales that is earned by a particular brand or company
What is market share?
This agency regulates health and safety for businesses
What is OSHA?
This kind of job is designed for people just entering a field and doesn't require any future work experience
What is an entry-level job?
This is created to outline actions to be put in place when something unexpected occurs
What is a contingency plan?
Proper information management allows businesses to make this
What is informed decision making?
This asserts that businesses should focus on the wants and needs of the target market while also making a profit
What is the marketing concept?
This is the acquisition of goods or commodities by an organization or person
What is procurement?
This contains the consequences for unacceptable behavior, a clear sets of rules, and expectations for employee behavior
What is the code of conduct?
This function of management involves guiding and influencing the actions of employees or team members
What is leading?
A data point that deviates from the general trend
What is an anomaly? An anomaly, also known as an outlier, is a data point that stands out from the trend or average.
This is the coordination of business activities to provide goods and services in order to meet the needs and wants of customers
What is marketing?
These aid individuals and teams in effectively organizing work and managing projects and tasks
What are project management tools?
This allows individuals to take the initiative to achieve their business goals by staying on top of industry advancements
What is self-education?
This is a superiority that a company has over its competitors
What is a competitive advantage?
This converts business financial transactions into business information
What is a transaction processing system?
This is the practice of monitoring the marketplace, organizing and analyzing the results of market research, and developing strategies for future marketing activities
What is marketing-information management?
These are policies that discourage employees from using company resources for personal use and stealing company time
What are expense control policies?
Individuals that enjoy risk, have great time management skills, and enjoy the feeling of making something might go into this field
What is entrepreneurship?
Planning, organizing, leading, controlling, and motivating are all functions of this action
What is management?