Essential Business and Technology Concepts Defined

Posted by on Jul 31, 2025 in Business Administration and Innovation Management | 0 comments

Service Level Agreement (SLA)

Is a formal contract between

Adhocracy

Task force organization that

Agency Theory

The firm is viewed as a “nexus

Android

Is an open source operating

Apps

Small pieces of software that

Autonomic Computing

Is an industry-wide effort to develop

Benchmarking

Involves comparing the efficiency

Best Practices

Are usually identified by consulting

Blade Servers

Computers consisting of a circuit board

Business Ecosystem

Is another term for these loosely

BYOD

Is one aspect of the consumerization of

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Mastering Project Management: Core Concepts and Processes

Posted by on Jul 24, 2025 in Business Administration and Innovation Management | 0 comments

Defining a Project: Core Concepts and Lifecycle

A project is a temporary effort (because it has a definite beginning and ending) to create a product, service, or result. Projects are undertaken to fulfill objectives by producing deliverables.

  • Objective: An outcome toward which work is directed, a strategic position to be produced, or a service to be performed.
  • Deliverable: Any unique and verifiable product, service, or result to be produced to complete the project. Deliverables may be tangible or intangible.
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Key Methodologies for Process and Quality Improvement

Posted by on Jul 22, 2025 in Business Administration and Innovation Management | 0 comments

5S Methodology

Definition:

5S is a systematic method for organizing a workplace for efficiency and effectiveness by identifying and storing items, maintaining the area, and sustaining improvements.

The 5S Steps:

  1. Seiri (Sort) – Remove unnecessary items from the workplace.
  2. Seiton (Set in Order) – Arrange tools and materials in order.
  3. Seiso (Shine) – Clean the workplace regularly.
  4. Seiketsu (Standardize) – Set standards for a clean and organized workplace.
  5. Shitsuke (Sustain) – Maintain and review
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Systems Engineering and Soft Systems Methodology: A Comprehensive Approach

Posted by on Jul 19, 2025 in Business Administration and Innovation Management | 0 comments

Jenkins Systems Engineering Methodology

Objectives of Systems Engineering

A system is defined as a complex grouping of people and machines with a defined objective. Systems Engineering is not a new discipline; it’s rooted in industrial engineering practice. However, it emphasizes overall system performance, as opposed to individual component performance. A key feature is the development of quantitative models to optimize system performance.

In Systems Engineering, “Engineering” refers to designing,

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Wenzhuo Liu: Data Scientist & NLP Specialist Driving ML Innovation

Posted by on Jul 19, 2025 in Business Administration and Innovation Management | 0 comments

Wenzhuo Liu: Data Scientist & NLP Specialist

Hello, I am Wenzhuo Liu, and I work as a data scientist, specializing in Natural Language Processing (NLP). My primary focus is on developing and implementing machine learning models for industry challenges. My journey began with a bachelor’s degree in Physics, where I developed a strong scientific foundation. Later I earned an engineering degree in applied mathematics at ENSTA and a master’s degree in Data Science at École Polytechnique. These experiences

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Optimizing Production: Systems, Costs, and Planning Strategies

Posted by on Jul 15, 2025 in Business Administration and Innovation Management | 0 comments

Production Process Management Essentials

The Production System Explained

What is Production?

Production refers to the process of transforming inputs into outputs (goods or services) to satisfy consumer needs. It involves several key components:

  • a) Procurement Sources:
    • Managers
    • Workers
    • Suppliers
    • Creditors
  • b) Inputs:
    • Labor
    • Energy
    • Capital
    • Raw Materials
  • c) Process:
    • Technology
    • Facilities
  • d) Outputs:
    • Goods
    • Services
  • e) Markets:
    • Target Markets

What Defines a Production Function?

A production function describes the relationship

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