Fundamentals of Business Planning: Strategy and Implementation
Fundamentals of Planning
Situational Analysis
Processes used by planners to gather, interpret, and synthesize relevant information for the planning under consideration.
Goals and Alternative Plans
Goal: A purpose or aim; the direction you want to achieve.
Plans: Actions or measures managers intend to use to achieve organizational goals.
Evaluation of Goals and Plans
Decision-makers must assess the potential advantages and disadvantages of each goal and plan alternative. These goals must be ranked.
Selection
Strategic Planning and Organizational Structure
Strategic Planning
Targets
Results selected and committed to by managers for long-term business growth (e.g., high-quality products and services, increased sales, reduced costs).
Strategies
Main courses of action implemented to achieve one or more goals. The key challenge is developing unique and efficient strategies for market competition.
Resource Allocation
Allocating money, personnel, facilities, equipment, buildings, and other resources to various business opportunities, projects, and tasks.
Strategic
Read MoreSoftware Maintenance: Types, Techniques, and Management
Types of Maintenance
Perfective: Actions taken to improve internal quality systems, including restructuring code, clarifying system definitions, and optimizing performance and efficiency.
Evolutionary: Additions, modifications, and deletions necessary in a software product to accommodate expansions or changes in user needs.
Adaptive: Changes addressing the environments in which the system operates, such as hardware configuration changes, software updates, database managers, and communications.
Corrective:
Read MoreUsability & Design Principles for Digital Interfaces
Heuristic Evaluation
Jakob Nielsen’s heuristic evaluation involves experts judging an interface’s compliance with usability principles.
Process
- Recruit 3–5 usability experts.
- Individual interface inspection.
- Merge and prioritize findings.
- Report key issues and fixes.
10 Usability Heuristics
- Visibility of system status: Provide feedback (e.g., email “swoosh” sound).
- Match between system and real world: Use familiar concepts (e.g., shopping cart).
- User control and freedom: Offer undo/redo options.
- Consistency
Machine Learning Fundamentals: Data Types, Algorithms, and Clustering
Data Types
Integer: Whole numbers, without decimals.
Double: Rational numbers, i.e., with decimals.
Character: Data in text format. (“Juan”)
Logical: Values of True (TRUE) or False (FALSE)
Data Structures
- Vector: The fundamental data structure in R. It stores an ordered set of values called elements. A vector can contain any number of elements, but all elements must be of the same type.
- Factors: A special data structure where R recognizes that the stored values represent different categories of a qualitative
Jenkins Methodology: A Systems Engineering Approach
Jenkins Methodology: Systems Engineering
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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