Introduction The Growth-Share Matrix s a strategic business analysis tool, created by Boston Consulting Group in 1970, and popularly known as BCG Matrix. The Matrix provides a structured and user-friendly platform for analyzing a company’s multiple business units or as the parent company, holding numerous businesses, to categorize and evaluate growth and Read more…
Introduction Benchmarking is a strategic approach of evaluating a set of customer-focused organizational processes, activities, and products/services, with other internal business units and externally with corporate entities in the same industry or in the broader marketplace. As a strategic management tool, benchmarking exercises provide the “why” and “how” behind an Read more…
Introduction The HIPAA Privacy Rule establishes national standards to protect individuals’ medical records and other personal health information and applies to health plans, health care clearinghouses, and those health care providers that conduct certain health care transactions electronically. The U.S. Department of Health and Human Services (“HHS”) issued the Privacy Read more…
Introduction Successful small and medium businesses (SMB) companies face continual challenges in retaining customers and ensuring profitable long-term relationships. In this regard, SMB businesses are turning toward more non-traditional ‘wow’ approaches to identify creative and more powerful means of retaining and up-selling and cross-selling existing customers. However, this is not Read more…
Introduction Creating a successful corporate strategy is a constant struggle in today’s business environment of complexity, ever-changing priorities, and conflicting agendas. When executives invest the required time and effort and resources to develop and advance a purposeful approach to strategic decision-making, they not only increase the potential of building a Read more…
Introduction A Records Management System (RMS) is a software solution that systematically manages records for an organization throughout the records life cycle. RMS activities include a structured and efficient control of the creation, maintenance, and destruction of official records along with the business transactions associated with them. A key component Read more…
Introduction Records and Information Management (RIM), is an integrated business process that manages and controls organizational records and information throughout their business life cycle, from creation to maintenance to disposition. A business record is an official record of an event or transaction, document, or log. RIM is responsible for establishing Read more…
Introduction Enterprise Content Management (ECM) Strategy Framework is a formal structure used to plan and strategize enterprise-wide content creation, publication, and governance in support of business and support processes and activities. The concept of an ECM represents integrated enterprise-wide management of the life cycles of all forms of recorded information Read more…
Introduction Organizations rely significantly on the use of information technology (IT) products and services to drive and maintain day-to-day internal and external customer-facing activities. The failure to consider information security as part of system support and operations can be detrimental to the organization’s success. Ensuring the overall safety of corporate Read more…
Introduction Software Asset Management (SAM) is a business approach, practice, and toolset that supports the effective and efficient management of an organization’s purchase, deployment, maintenance, utilization, and disposal of software applications. The SAM approach fuses internal processes and oversight with digital systems to drive real benefits across the organization. The Read more…