Textbook Notes (368,330)
Canada (161,803)
Administration (1,247)
ADM2372 (91)
Chapter 4

Chapter 4.docx

4 Pages
Unlock Document

Mirou Jaana

Chapter 4 – Enterprise Resource Planning Six Best Practices of Innovation. Finding your Relevant Edge: - Finding a competitive advantage. It is related to innovation because innovation by definition is introducing something new (product, equipment). - How could I differentiate myself by innovating? Going in a direction that I’m not going into, and finding a new market. Assemble Innovation Hothouses: - Employees who are really motivated, or people who have specific skills and are not afraid to take risks in the organization. - Assemble people who are up for taking risks, and going into new areas who would be afraid to go into those areas. Reward Risk Takers: - Reward the people who took risks and thought outside the box. Celebrate Diversity: - Celebrate ideas, different cultures. - You have to make sure you have a balance of cultures within the organization. Look Around: - Look around for new opportunities. - Look for new disciplines in new areas, and at your competitors to see what kind of innovations they are coming up with. - You look outside the industry and look outside in terms of groups and society. - You want to make use of the expertise and innovation to adapt it to the business. Mix Practitioners and Developers: - The most significant risks you face when you embark on IT projects are: o The translation of the users need versus what the programmers are doing. o Technology is high in terms of being risky. Overview of Enterprise Applications: - There are different functional areas in an organization, and different levels of management. - You could go about implementing enterprise systems that span throughout functional systems and organization. Enterprise Resource Planning (ERP): • Enterprise resource planning – integrates all departments and functions throughout an organization into a single IT system (or integrated set of software modules and a single database) so that employees can make enterprise-wide decisions by viewing enterprise-wide information on all business operations - Thousands of predefined business processes that are mapped by vendors based on process knowledge and best practices - Different software modules put together that use a single database. - You look at different organizations, successful, unsuccessful, efficient, inefficient, and you see what is out there, and base your system on the best practices. What are the reasons why ERP solutions are important for organizations? - Organizations still opt for these solutions despite the risks and challenges they face because it allows departments to communicate, and improves customer relationships. - ERP is a logical solution to the mess of incompatible applications that had sprung up in most businesses - ERP addresses the need for global information sharing and reporting. - ERP is used to avoid the pain and expense of fixing legacy systems. ERP Integration Data Flow • At the heart of all ERP systems is a database • When a user enters or updates information in one module, it is immediately and automatically updated throughout the entire system. • You can have many modules/applications (HR, Purchasing, Finance, Marketing) in an Enterprise Resource Planning System Core ERP
More Less

Related notes for ADM2372

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.