Business value is defined as all items, events and interactions that determine the financial health and well-being of the firm. This value may come from suppliers, customers or employees or even information systems.How would a not-for-profit group like the International Red Cross define business value for its group?
What will be an ideal response?
Answers will vary. A not-for-profit group like the International Red Cross might define value by the number of lives saved, the number of liters of blood in storage, its ability to react to a disasters, etc.
You might also like to view...
When a project manager intervenes and tries to negotiate a resolution by using reasoning and persuasion and suggesting alternatives, he or she is ________ the conflict.
Fill in the blank(s) with the appropriate word(s).
Section 404 requires that corporate management (including the CEO) certify their organization's internal controls on a quarterly and annual basis
Indicate whether the statement is true or false
Getting the culture right is a fundamental task of ______.
a. the human resources department b. a strategic leader c. informal leaders d. the CEO
How does a 360-degree performance evaluation differ from a balanced scorecard- type measurement?
a. It is used for individuals, not organizations. b. It is well-rounded. c. It has an ethical dimension. d. It does not have an ethical dimension.