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As it has become extremely essential for organizations to incorporate all the components in information security programs. It is essential to implement Vulnerability management in new accounting information systems. Besides, it is also crucial to monitor the application logs of the new systems in order to identify any malicious activity or compromised accounts at the…
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The process starts with first planning a strategy that would assist in identifying risk issues, once the risk has been highlighted risk assessment can be done, to evaluate the cause and effects of the risk related to the business, this risk then needs to be handled by implementing strategies and taking corrective measures once this…
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Risk can be defined as uncertainty, which is any harm or loss that may arise and have a negative impact on the system. The process of risk identification in an accounting information system involves highlighting those hazards that may cause adverse effects on the system or on those within the system. A significant portion of…
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General Motors’ proposal is a vital maneuver to list down the large scale circumstances of the corporation characterizes Political, Economic, Social, Technological, Environmental and Legal elements that distress the whole scale situation of the General Motors industry. Fluctuations in the large scale circumstance fundamentals can nonstop distress the General Motors Company and also touch diverse…
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Importance of Shareholders in a Company It is mandatory that the customers need for value is taken into consideration as opposed to the need by the shareholder’s of the company to make profits (Bull, 2003). As much as the shareholders are the one’s who finance the company, it is the customers who keep it high…
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Importance of Customer Satisfaction for Businesses Satisfaction to the customer is the key objective for any organization or company. The organizations thus need to establish a stable and dedicated customer care service that will help nurture the relationship between the customers and the organization. Dedication to providing customers with an ear for their complaints, appreciative…
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Importance of Competitive Advantage to Firms There are different ways through which firms create competitive advantage. Firms can do this at the most basic level by coming up with or discovering new and better ways to compete in an industry. This will enable firms to establish themselves in the markets. This, in itself, is a…
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Re-engineering in Business Processes The term reengineering was introduced into the business world in 1993 by two authors, Michel Hammer and James Champy. In their book, the two authors have defines reengineering as a fundamental rethinking of business processes that involves radical redesigning aimed at making the business attain dramatic improvements in the measures of…
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What is Competitive Advantage? Competitive advantage is the advantage that a firm possesses over its competitors (Porter, 1985). This advantage allows the firm to generate greater sales or margins. The company is also able to retain more customers than its competitors. This way, the company is able to get an edge over its rivals. The…
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The Doctrine of Product Liability In regard to this scenario, defendants are strictly liable to Jonson. The investigation identified that the seat belt anchor was both inadequate to sustain the forces involved in restraining a person during a crash and had been installed in a manner that increases the likelihood of failure during a crash.…
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