DUCU 003-ENTERPRENUERSHIP

ASSIGNMENT.

1. What is enterprise management?

- Enterprise management is a term used for modern examples of ERP that allows business to manage vital

day-to-day processes such as inventory management, accounting , human resource and customers

relationship management (CCRM), enterprise management supports how different business units work by

sharing information through a shared database.

- The act, manner, or practice of managing, handling, supervision, or control. Management of factory works

skill in managing; executive ability.

- The skillful or resourceful use of materials, time, etc.

- The act of managing business trends.

- Enterprise Management systems (EMS), sometimes just known as Enterprise systems (ES) are enterprise-

scale application software packages which address the different software needs of large organizations.

- Similar to ERP. They allow TT teams to support and manage large complex and sometimes as

geographically dispersed. TT infrastructure and applications.

- Enterprise Management Systems are designed for large organizations, as the name suggest, and are usually

not suitable for small or medium organizations due to implementation.costs and the less complex IT

infrastructure often found in smaller businesses.

- Enterprise management is the process which involves purposeful or industrious undertaking (especially one

that requires effort or boldness) activity which is in collaboration with the act of managing something.

- It is an organization created for business ventures.

- Enterprise management is a body in charge of running an industrious work programme.

- It is an entrepreneurial activity, especially when accompanied by initiative and resourcefulness.

- It means the licenses propriety software application that provides functionality to.

- Enterprise management, in broad terms, is the field of organizational development that supports

organizations in managing integrally and adapting themselves to the changes of transformation.

- Enterprise management is a way of thinking, communicating and working supported by an information

system that organizes enterprise resources in a direct relationship to the leadership vision and the mission,

strategy, goals and objectives that move a 360 degree view of the organizations collective efforts.

- Enterprise management refers to an integrated management approach that links strategic goals directly to

the operational and financial activities necessary to reach those objectives. It is often corporate performance

management (CPM), financial performance management (FPM) and so on. It comprises strategy

management, profitability and cost management, business planning, financial consolidation, speed, supply

chain and other operational performance areas. EPM aligns the processes systems and metrics needed to

measure and manage the performance of an organization.

- Enterprise management is an enterprise –scale application software packages which address the different

software needs of a large organizations. They allow IT terms to support and manage large, complex and

sometimes geographically dispersed IT infrastructure and applications.

- Enterprise management is considered as a diagnostic tool to monitor the pulse of an organization by using a

set of processes, frameworks, and systems for activities such as planning, measuring, communicating and

monitoring business results.

- It is a business or a company which monitors day-to-day activities in business trends.

- Enterprise management is a procedure to manage IT project along with various other changes they go under

while growth and also tests environment to live production environment.

- Enterprise Management is a practice which plays a major function in taking care of modifications in the IT

community. It works as an end-to-end release and project administration, uses cross job partnership and

alignment, recognizes the task risks and many more.

- It is a method of tending to or managing the affairs of some group of people (especially the group business

affairs).

- It is the act of conferring legality or sanction or formal warrant.

- It is the act of withdrawing certification or terminating a franchise.

- It is the skill in managing, executive ability.

- The persons controlling and directing an enterprise; executives.

- It is the verifying of the manageability of the solution and its supporting infrastructure.
- It refers to the practice of managing projects on a companywide scale. It generally involves implementing

various strategies and processes aimed at streamline and improving the effectiveness of project

management on such a large scale.

- The skilful or resourceful use of materials, time etc.

2. Explain why it is necessary to study enterprise management in current business environment.

a) It helps in achieving group goals. It arranges the factors of reduction, assembles and organizes the

resources, integrates the resources in effective manner to achieve goals.

b) Optimum utilization of resources- management utilizes all the physical human resources productively. This

leads to efficacy in management.

c) Reduces cost- it gets maximum results through minimum input by proper planning and by using minimum

input and getting maximum output. This helps in cost reduction.

d) Establishes sound organization- to establish sound organization structure is one of the objective of

management which is in tune with objectives of organization and for fulfillment of this.it establishes

effective authority and responsibility relationship.

e) Establishes equilibrium. - It enables the organization to survive in changing environment. It keeps in touch

with the changing environment. With the change is external environment, the initial co-ordination of

organization must be changed.

- It is responsible for growth and survival of organization.