IT professionals require an awareness of the business, economic, legal and social issues of Computing Technology in the modern world.
Before we delve into the reasons for Digital Rights Management’s disapproval let us overview the case in support of it. The case for enterprise DRM is synonymous with the case for a well-articulated, role-based technology and data protection policy. DRM simply moves the point of data . . . Read More
Corporations whose shares are traded publicly must issue an Annual Report at the end of each financial year for the perusal of its shareholders and other stakeholders. The stakeholders could be potential investors, creditors, employees, regulating agencies and competitors. In other words, Annual Reports indicate the financial health of a corporation to all concerned. It contains such information as financial statements, the Chairman’s statement, and the management’s assessment of prospects in the following years. The reports comprise a mix of charts, graphics and their descriptions. Some landmark events such as acquisitions or additional issue of stocks also find a place in these reports.
The stock market crash of 1929 resulted in stringent standards applied to the preparation of Annual Reports. Hence the report has to be audited by a qualified accounting professional. The auditor’s role is to check for any intentional or accidental errors in the . . . Read More
Strategic management is a set of decisions and processes that lead to the development of a successful approach to achieve the organization’s goals. Once the fundamentals such as mission and vision statements, are drawn, those processes that follow “undergo analysis, choice, implementation and evaluation”. The framework by which strategic management is known, and can be applied to business corporations, is based on processes. As opposed to organizational effectiveness, there is more universal consensus regarding the foundations of strategic management in both the process . . . Read More
How well a business corporation performs in financial terms is significant for a broad group of people that includes potential/existing investors, creditors, employees or managers. With differing information needs and purposes, each category of stakeholders should be provided with data that is comprehensive, relevant and reliable, so as to allow an informed opinion to be reached on the corporation’s financial performance. However, all too often, the general public is left out of this . . . Read More