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  • Casual Articles - Information as a Competitive Advantage - Part 1

    Benefits of a Credentialing Verification Organization
    Managed care organizations like health management organizations (HMO) and independent provider associations (IPA) are required to credential their providers, meaning they have to verify the medical provider’s professional history. Because of the dispersed nature of managed care organizations and the resource requirements of the credentialing process, credentialing verification organizations (CVO) step in to provide these credentialing services.Overview of Credentialing
    s or lack of resources. The information needed to comply with rules and regulations, also falls within this category. A substantial part of modern information management structures, is formed based on the controls that must be carried out to mitigate risk related to market, operational and financial risk. The importance of the efficient use of this type of information, is fre
    Brand Building 201: Finding The Ideal Way
    The strongest and longest lasting brands branch off of an existing category. Branching takes patience and time. There are two speeds for launching a brand, each one with its own pros and cons.Speed A, like a hot air balloon, takes a long time to prepare before the actual launch. PR, media marketing, favors A. Longevity success favors A. A tree grows stronger with a well-established roots. And this can only occur with good soil, careful fertilizing, watering, a
    Introduction In the information age, the optimal management and use of business information, is a primary business competitiveness, if not survival, factor.Information management is an activity which is led by the business goals and is shaped according to the maturity and culture of each Organisation vis-a-vis information management infrastructures. It aims to identify better ways to support business processes, like info-driven direct marketing (shift from product-driven to customer-driven activities). The continuously growing volume of information which is available or accessible by the modern business, leads to an increasing need for effective information management. Information becomes a competitive advantage, only if it can be used to support actionable decisions. Business value derived from information How business information is used, is a differentiation factor between Organisations. The ability to efficiently use information, is a factor which contributes to the development of competitive advantage. According to popular analysis, information can be used for the development of business value in the following four dimensions:
    • Risk mitigation
    • Operations cost reduction
    • Creation of added value
    • Innovation

    Risk mitigation The oldest use of structured information aimed at risk reduction. Business operations like accounting and auditing use structured data to reduce risks like fraud, mistakes or lack of resources. The information needed to comply with rules and regulations, also falls within this category. A substantial part of modern information management structures, is formed based on the controls that must be carried out to mitigate risk related to market, operational and financial risk. The importance of the efficient use of this type of information, is freq

    Good First Impressions Count when You Mean Business
    First impressions can mean the difference between closing the deal of a lifetime or getting shot down in flames. When meeting with a client or a customer for the first time, or interviewing with your prospective employer, you have just a few minutes to make a first impression that determines the success or failure of your mission.Be on Time"My number one pet peeve is when people show up late," says Jay. Most businesspeople agree. No one likes to be kept wait
    identify better ways to support business processes, like info-driven direct marketing (shift from product-driven to customer-driven activities). The continuously growing volume of information which is available or accessible by the modern business, leads to an increasing need for effective information management. Information becomes a competitive advantage, only if it can be used to support actionable decisions. Business value derived from information How business information is used, is a differentiation factor between Organisations. The ability to efficiently use information, is a factor which contributes to the development of competitive advantage. According to popular analysis, information can be used for the development of business value in the following four dimensions:
    • Risk mitigation
    • Operations cost reduction
    • Creation of added value
    • Innovation

    Risk mitigation The oldest use of structured information aimed at risk reduction. Business operations like accounting and auditing use structured data to reduce risks like fraud, mistakes or lack of resources. The information needed to comply with rules and regulations, also falls within this category. A substantial part of modern information management structures, is formed based on the controls that must be carried out to mitigate risk related to market, operational and financial risk. The importance of the efficient use of this type of information, is fre

    Vending Machines in Schools
    Vending machines in schools are a convenient alternative for students to get snacks, chocolate bars, and water all through the school day. Just like adults, children are required to drink six to eight glasses of water to maintain water balance. Vending machines in school premises are very helpful for students as they provide a wide choice of snacks and healthier drinks. They are also helpful when the main counter service is crowded. Vending machines in schools offering drinks, f
    used to support actionable decisions. Business value derived from information How business information is used, is a differentiation factor between Organisations. The ability to efficiently use information, is a factor which contributes to the development of competitive advantage. According to popular analysis, information can be used for the development of business value in the following four dimensions:
    • Risk mitigation
    • Operations cost reduction
    • Creation of added value
    • Innovation

    Risk mitigation The oldest use of structured information aimed at risk reduction. Business operations like accounting and auditing use structured data to reduce risks like fraud, mistakes or lack of resources. The information needed to comply with rules and regulations, also falls within this category. A substantial part of modern information management structures, is formed based on the controls that must be carried out to mitigate risk related to market, operational and financial risk. The importance of the efficient use of this type of information, is fre

    How To Survive A Job Loss
    Has this ever happened to you: You have been working at a particular job for a few years. It’s not the greatest job and it hasn’t always allowed you to capitalize on your unique gifts or talents. But it’s ok, and it pays the bills. The job has become a part of your life’s routine.Then one day, without any forewarning, you’re let go. In what seems like a split second, you go from being gainfully employed to joining the ranks of the unemployed. It’s a shock to the syst
    business value in the following four dimensions:
    • Risk mitigation
    • Operations cost reduction
    • Creation of added value
    • Innovation

    Risk mitigation The oldest use of structured information aimed at risk reduction. Business operations like accounting and auditing use structured data to reduce risks like fraud, mistakes or lack of resources. The information needed to comply with rules and regulations, also falls within this category. A substantial part of modern information management structures, is formed based on the controls that must be carried out to mitigate risk related to market, operational and financial risk. The importance of the efficient use of this type of information, is fre

    Going Undergound
    The role of underground movements in modern organisations Forget about empowerment. Forget leadership training. Forget coaching skills. The way to make a difference to your company is through rebellious underground movements. But underground movements are a Bad Thing. They work against the hierarchy and against the good of the organisation that they inhabit. Rebellion undermines the leadership and weakens the shared direction of an organisation. s or lack of resources. The information needed to comply with rules and regulations, also falls within this category. A substantial part of modern information management structures, is formed based on the controls that must be carried out to mitigate risk related to market, operational and financial risk. The importance of the efficient use of this type of information, is frequently acknowledged through disastrous events. An international trend to develop stronger risk mitigation mechanisms in a globalised economy, via more systematic structure and analysis of information, is currently witnessed. The international application of guidelines like the Sarbanes-Oxley (SOX) act and Basel II in the banking sector, are clear signs of this trend.

    Operations cost reduction It involves the systematic gathering and analysis of information which supports the reduction of operations and production cost. For example, it involves the capture of data related to the analysis of the cost structure of a product, the determination of standard costs for each activity and the identification of variances in the actual costs. Moreover, it involves the fact-driven elimination of useless process steps or the optimization of suboptimal processes (e.g. elimination of print communication) in order to achieve higher productivity.

    Creation of Customer value Information on the preferences and special needs of the Customer, which when analysed leads to the procurement of increased value. The marketing shift from the focus on supply to the focus on demand, led the need for increased knowledge on the customer and fast adoption to his/her needs. This knowledge is developed through each interaction with the customer on each channel. Knowledge is built based on demand details, preferences on product features, complaints, special needs. Capture of this informat

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