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Information Silo
An information silo, or a group of such silos, is an insular management system in which one information system or subsystem is incapable of reciprocal operation with others that are, or should be, related. Thus information is not adequately shared but rather remains sequestered within each system or subsystem, figuratively trapped within a container as grain is trapped within a silo: there may be much of it, and it may be stacked quite high and be freely available within those limits, but it has no effect outside them. Such data silos are proving an obstacle for businesses wishing to use data mining to make productive use of their data. Information silos occur whenever a data system is incompatible, or not integrated, with other data systems. This incompatibility may occur in the technical architecture, in the application architecture, or in the data architecture of a data system. However, since it has been shown that established data modeling, data-modeling methods are the root ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Management System
A management system is a set of policy, policies, business process, processes and procedures used by an organization to ensure that it can fulfill the tasks required to achieve its objectives. These objectives cover many aspects of the organization's operations (including product quality, worker management, safe operation, client relationships, regulatory conformance and financial success). For instance, a quality management system enables organizations to improve their quality performance, an environmental management system enables organizations to improve their environmental performance, and an safety management system, occupational health and safety management system enables organizations to improve their occupational health and safety performance, can be run in an integrated management system. The international standard ISO 9000:2015 (Title: Quality management systems - fundamentals and vocabulary) defines the term in chapter 3.5.3 as a "set of interrelated or interacting elem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Principal–agent Problem
The principal–agent problem refers to the conflict in interests and priorities that arises when one person or entity (the " agent") takes actions on behalf of another person or entity (the " principal"). The problem worsens when there is a greater discrepancy of interests and information between the principal and agent, as well as when the principal lacks the means to punish the agent. The deviation from the principal's interest by the agent is called " agency costs".''Pay Without Performance'', Lucian Bebchuk and Jesse Fried, Harvard University Press 2004preface and introduction) Common examples of this relationship include corporate management (agent) and shareholders (principal), elected officials (agent) and citizens (principal), or brokers (agent) and markets (buyers and sellers, principals). In all these cases, the principal has to be concerned with whether the agent is acting in the best interest of the principal. Principal-agent models typically either examine moral ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Software
Business software (or a business application) is any software or set of computer programs used by business users to perform various business functions. These business applications are used to increase productivity, measure productivity, and perform other business functions accurately. Overview Much business software is developed to meet the needs of a specific business, and therefore is not easily transferable to a different business environment, unless its nature and operation are identical. Due to the unique requirements of each business, Off-the-shelf software, off-the-shelf software is unlikely to completely address a company's needs. However, where an on-the-shelf solution is necessary, due to time or monetary considerations, some level of customization is likely to be required. Exceptions do exist, depending on the business in question, and thorough research is always required before committing to bespoke or off-the-shelf solutions. Some business applications are interact ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Pennsylvania
The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of founder and first president Benjamin Franklin, who had advocated for an educational institution that trained leaders in academia, commerce, and public service. The university has four undergraduate schools and 12 graduate and professional schools. Schools enrolling undergraduates include the College of Arts and Sciences, the University of Pennsylvania School of Engineering and Applied Science, School of Engineering and Applied Science, the Wharton School, and the University of Pennsylvania School of Nursing, School of Nursing. Among its graduate schools are its University of Pennsylvania Law School, law school, whose first professor, James Wilson (Founding Father), James Wilson, helped write the Constitution of the United States, U.S. Cons ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stovepipe System
In engineering and computing, "stovepipe system" is a pejorative term for a system that has the potential to share data or functionality with other systems but which does not do so. The term evokes the image of stovepipes rising above buildings, each functioning individually. A simple example of a stovepipe system is one that implements its own user IDs and passwords, instead of relying on a common user ID and password shared with other systems. Stovepipes are A stovepipe system is generally considered an example of an anti-pattern, particularly found in legacy systems. This is due to the lack of code reuse, and resulting software brittleness due to potentially general functions only being used on limited input. However, in certain cases stovepipe systems are considered appropriate, due to benefits from vertical integration and avoiding dependency hell.''Joel on Software,''In Defense of Not-Invented-Here Syndrome, by Joel Spolsky, October 14, 2001 For example, the Microsoft Exce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stovepipe (organisation)
A stovepipe organization (alt organisations) has a structure which largely or entirely restricts the flow of information within the organization to up-down through lines of control, inhibiting or preventing cross-organisational communication. Many traditional, large (especially governmental or transnational) organizations have (or risk having) a stovepipe pattern. Intelligence organizations may deliberately adopt a stovepipe pattern so that a breach or compromise in one area cannot easily spread to others. A famous example of this is Bletchley Park (an allied forces Second World War codebreaking centre where messages encrypted by the Enigma machine were decrypted) where people working in one hut would not know what the people in any other hut did. A stovepipe pattern is most likely to develop in organisations that have some or all of the following characteristics: * Very hierarchical with sharply defined roles or areas of influence (e.g. regional sales teams) * Long reporting lines ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eaton Corporation
Eaton Corporation plc is an American-Irish-domiciled multinational power management company, with a primary administrative center in Beachwood, Ohio. Eaton has more than 85,000 employees and sells products to customers in more than 175 countries. History In 1911, Joseph O. Eaton, brother-in-law Henning O. Taube and Viggo V. Torbensen, incorporated the Torbensen Gear and Axle Co. in Bloomfield, New Jersey. With financial backing from Torbensen's mother, the company was set to manufacture Torbensen's patented internal-gear truck axle. In 1914, the company moved to Cleveland, Ohio, to be closer to its core business, the automotive industry. The Torbensen Axle Company incorporated in Ohio in 1916, succeeding the New Jersey corporation. A year later, Republic Motor Truck Company, Torbensen's largest customer bought out the company. But Eaton and Torbensen were not content and bowed out of Republic to form the Eaton Axle Company in 1919. A year later, in 1920, Eaton Axle Company ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goodyear Tire And Rubber Company
The Goodyear Tire & Rubber Company is an American multinational tire manufacturer headquartered in Akron, Ohio. Goodyear manufactures tires for passenger vehicles, aviation, commercial trucks, military and police vehicles, motorcycles, recreational vehicles, race cars, and heavy off-road machinery. It also licenses the Goodyear brand to bicycle tire manufacturers, returning from a break in production between 1976 and 2015. As of 2017, Goodyear is one of the top five tire manufacturers along with Bridgestone (Japan), Michelin (France), Pirelli (Italian) and Continental AG, Continental (Germany). Founded in 1898 by Frank Seiberling, the company was named after American Charles Goodyear (1800–1860), inventor of Vulcanization, vulcanized rubber. The first Goodyear tires became popular because they were easily detachable and required little maintenance. Though Goodyear had been manufacturing airships and balloons since the early 1900s, the first Goodyear Blimp, Goodyear advertising ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Flat Hierarchy
A hierarchy (from Greek: , from , 'president of sacred rites') is an arrangement of items (objects, names, values, categories, etc.) that are represented as being "above", "below", or "at the same level as" one another. Hierarchy is an important concept in a wide variety of fields, such as architecture, philosophy, design, mathematics, computer science, organizational theory, systems theory, systematic biology, and the social sciences (especially political science). A hierarchy can link entities either directly or indirectly, and either vertically or diagonally. The only direct links in a hierarchy, insofar as they are hierarchical, are to one's immediate superior or to one of one's subordinates, although a system that is largely hierarchical can also incorporate alternative hierarchies. Hierarchical links can extend "vertically" upwards or downwards via multiple links in the same direction, following a path. All parts of the hierarchy that are not linked vertically to one ano ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Networking
Business networking is the practice of building relationships with individuals and businesses for professional purposes. It involves the strategic exchange of information and resources to create connections that can be mutually beneficial. Business networking can be conducted in person, online, or through a combination of both. Through repeated interactions, companies create deeper connections. This encourages knowledge exchange, mutual adaptation, and a commitment of resources, which can be both financial and social, to one another. Business networking helps individuals achieve effective networking which can result in career advancement, building mutually beneficial relationships and knowledge sharing. There are two main approaches of networking: in-person events like conferences and online platforms like LinkedIn. Setting clear goals beforehand and following up with connections after the event are two methods used to maximize the value of the interactions. Goals Business net ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Culture
Organizational culture encompasses the shared norms, values, corporate language and behaviors - observed in schools, universities, not-for-profit groups, government agencies, and businesses - reflecting their core values and strategic direction. Alternative terms include business culture, corporate culture and company culture. The term corporate culture emerged in the late 1980s and early 1990s.Unlike many expressions that emerge in business jargon, the term spread to newspapers and magazines. Few usage experts object to the term. Over 80 percent of usage experts accept the sentence ''The new management style is a reversal of GE's traditional corporate culture, in which virtually everything the company does is measured in some form and filed away somewhere.''", The American Heritage® Dictionary of the English Language, Fourth Edition copyright ©2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. It was used by managers, sociologists, and or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Performance
A performance is an act or process of staging or presenting a play, concert, or other form of entertainment. It is also defined as the action or process of carrying out or accomplishing an action, task, or function. Performance has evolved globally, from ancient rituals to modern artistic expressions. Expanding the article with historical and cultural perspectives would improve its scope. Ancient & Classical Theater: Rooted in rituals (Egyptian passion plays, Indigenous storytelling), early performances led to Greek tragedy, Sanskrit drama, and Chinese opera. Medieval & Early Modern Performance: Includes mystery plays in Europe, Commedia dell’arte in Italy, and Kabuki & Noh in Japan. Contemporary & Political Performance: Modern forms include agitprop theater, Forum Theater, and performance art as activism. By highlighting global traditions, the article would better reflect performance as a universal human expression shaped by history and culture. Management science In the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
