Lesson 1.1 What Is Business Tool?
Lesson 1.1 What Is Business Tool?
Lesson 1.1 What Is Business Tool?
business.
LESSON 1.1 Require control as their use or loss
can represent a significant cost to
What is Business tool? the business.
Are attractive in terms of cost and
A business tool can be considered as any can be attractive to a potential theft
asset that helps or assists the organization Require training to prevent damage
to achieve its stated claims or objectives. to the user or the business.
Are often portable so they are
Management must ensure that these tools susceptible to damage and loss, the
are available when required, are in usable exact location of a tool at any time
and operating condition and that the user is may not be known.
sufficiently trained to use the device
efficiently. One criteria may be the asset value;
another could be the usage cost.
Defining a Business Tool
Example: Mobile telephones can be
Each business will need to develop criteria very inexpensive to buy but the cost
so as to identify which tools are to be of calls or internet charges can be
monitored and therefore controlled to frightening.
ensure that time and effort is devoted to
managing the proper and important tools. Another can be the portability of the asset.
(mobile phones and portable computers are
There are several criteria to identify and small and easily mislead/concealed)
classify business tool. Once identified, the
tools need o be considered as a group and it Example: A computer monitor can
is logical to provide a name for the list that also be very expensive but it is not
recognizes the importance of the group. very portable or easily removed as
Possible names could be: they are often secured in place.
Therefore, monitors may be
Portable and Attractive tool - this excluded from the tool risk because
states that the item is portable and it does not present a risk.
probably does not have fixed
location, they could be a target for a Another can be the training necessary to
theft or excessive use. use the tool efficiently and safely, the tools
Significant Small Tools - the item are in this group often have a wide range of
so small so they can be easily lost functions and capabilities so that some level
and they are significant to the of training is mandatory.
business.
Examples of Common Business Tools
It is important to note that the tools must:
Each of these items represents an
investment by and important to the
business. They are portable, can be the details are recorded in a book - an asset
misplaced, requires usage monitoring, register.
training and maintenance:
Spreadsheets are excellent tools to record
Digital cameras the required details. They can be password
Mobile Telephones protected or secured using other methods
Pagers to ensure the quality of the data allowing
Scanners many people to view the document and
Photocopiers only few to edit.
Laptops
Laser pens Electronic document files can be as simple
Hard drive as word processing files that require a little
Facsimile more effort to construct, but once done, are
Landline Telephones excellent tools. There are purpose designed
Software database software packages that store and
Website manage the details of each asset. These are
Social Networking flexible packages that can be configured to
suit the needs of the business.
E-mail
Each tool needs to be describe and
Identifying and Access of Common
identified. Rules can be established for
Business Tools
various types of assets but the description
In identifying the common business tools could include one or more of the following.
follows the criteria in defining it thru
individual classification and grouping on Brand or manufacturer
logical name list that recognizes the Model or name
importance of the business tools. Purchase date
Supplier
To access the business tools you can find it Warranty Expiry date
on the register - the register provide Purchase price
sufficient information to ensure that the Department
tools are locatable and identifiable thereby Physical location
ensuring the correct tool is identified. There Serial Number
are general set of guidelines that will Asset number
identify the data that most businesses Color
should collect. The selection of data to Warranty responsibility
collect can vary because the size of business Other non-attached items that from
allows greater resources to be used in the the tools such as:
process. o Cables
o Power Supply
Futhermore storing details is needed to o Lens
locate the business tools easily. The o Memory cards
simplest is the paper approach where all o Mice
Serial Number bag and passed through a scanner and each
will be identified at a reasonable distance.
Most tools have serial number that is
attached to the devices as part of the Storage Location
manufacturing process. These are generally
globally unique. They convey a great deal of Where will the tool be stored? There are
information to the manufacturer about many places that can be used to store an
production runs and assembly teams and item: a desk, drawer, cupboard, storage,
quality approval teams. A serial number locker or cabinet. The location needs to be
does not identify the tool without context identifiable so there can be certainly as to
or other information. the tool's correct storage location.
Some businesses will attach their own asset In philosophy technology can be search for
number or serial number. This has the meaning. It is a means of rendering life a
advantage that the number can be created little more convenient.
for each asset that has identification within
the number. In some cases stickers can be Business Technology
attached to the inside of the assets, and in
others the number can be etched on the refers to the application of science, data
chassis or the of body of the device. engineering and information for business
purposes, such as achievement of economic
Barcode and organizational goals. The main element
of technology is the idea of change, and
The asset number can be encoded into a how it can affect business and society.
barcode that can be easily scanned to
maintain records. These have the advantage All technology that helps an organization
of certainty and the elimination of data in run its business and operational processes.
error. Although these are randomly created, That technology can be customer-facing
it is simply matter of attaching the barcode applications and solutions, business-critical
to the item and recording the tool and the production and logistics solutions, or back
associated barcode. There are specialist office financial systems among others.
asset programs, but many businesses use
Excel as a list and database management E-commerce and E-business
tool.
E-commerce involves of digitally enabled
Radio Frequency Identification Tags (RFID) commercial transactions between and
among organizations and individuals. For
These are electronic tags that can be the most part, transactions that occur over
attached to items that will communicate the internet. Commercial transactions
with electronic scanning systems that will involve the exchange of value (e.g., money).
allow individual items to be identified while in return for product and services. E-
in groups. Items with RFID can be all out in a business refers primarily to the digital
enabling transactions and processes within product for auction or for sale, and
the firm, involving information systems relies on the market marker to
under the control of the firm. E-business provide catalog, search engine,
does not involve commercial transactions transaction clearing capabilities so
where value is exchanged. that products can be easily
displayed, discovered and paid for.
Types of E-commerce
Social E-commerce
Customer - to - business (C2B) E-
commerce - E-commerce that is enabled by
o the business are the ones social networks and online social
who are reaching to the relationships. It is sometimes also
customers. referred to as Facebook commerce,
Business - to - customer (B2C) E- but in actuality is a much larger
commerce phenomenon that extends beyond
just Facebook; including the
- it is the most discussed type in increasing population of social sign
which online business attempt to on, network notification (sharing of
reach individual consumers. It approval/disapproval of
includes purchasers of retail goods, products/services) online
travel services and online content. It collaborative shopping tools
is the type of e-commerce that most (recommendation from vloggers).
consumers most likely to encounter
Local E-commerce
Business - to - business (B2B) E- o A form of e-commerce that is
commerce focused on engaging the
consumer based on his/her
- business focus on selling to other current geographic location.
business. There are two primary Local merchants use a variety
business models used within the of online marketing
B2B area: Net marketplace, which techniques to drive
includes e-distribution, e- consumers to their stores.
procurement companies, exchanges Local e-commerce wave and
and industry consortia, and private fueled by explosion of
industrial networks. interest in local on-demand
service such as an uber.
Consumer - to - consumer (C2C) E-
commerce Selection and Use Common
Business Technology
- Provides a way for consumer to sell
to each other, with the help of an Select appropriate business
online market marker. In C2C e- technology and/or software
commerce, the consumer prepares applications to achieve the
the product for market, places the requirements of work task.
Which Business Tool? Assume that a user wants to take a
photograph from digital phone and
It is important to be clear and further assume they have no
certain of the purpose of the tool. training. The results could be
What are the objectives or anything and the time involved
outcomes that will result from using could be significant as the fumble
the tool? What do we want the tool and take pictures of fingers that
to do? cover the lens.
1. The need for what you do, Four General Archetypes of People
2. Your ability to fulfill that need
consistently and; Influencers
3. How difficult or easy it is to replace Amplifiers
you. Motivables
Zombie
"Satisfied customers are not secure
customers in tomorrow's market place" - C-suite (Enterprise Wide View) I-3%
cope up with the changes
SVPs/VP (Division/B.U Wide view) A-10%
How difficult or easy it is to replace you?
Sr Director/s (Department Wide View) M-
Prioritization 60%
Step 1: Designing
Planning
Color
Type
Step 2: Building
Text
Data Visualization
Image
Scaffolding
Step 3: Giving
Presenting
Presentation Worksheet