Software projects have a high rate of failure. Quality and excellence have become bywords for survival. Organizations have tried to reduce the rate through methodological approaches but with little perceived success.
In today’s networked world it has become a business imperative to protect information as it impacts all aspects of our society. Practicing strong information security is a non-negotiable requirement for organizations doing business today.
Knowledge management efforts typically focus on organisational objectives such as improved performance, competitive advantage, innovation, the sharing of lessons learned, integration and continuous improvement of the organisation.
Many software projects fail to deliver acceptable systems within schedule and budget. Many of these failures might have been avoided had the project team properly assessed and mitigated the risk factors, yet risk management is seldom applied in an explicit project-management activity.
In a competitive business environment, effective leadership is an essential requirement in order to achieve organisational goals. To do this, leaders must be able to provide inspiration, motivation and clear direction to their team.
Companies are clearly seeing the payoff from investing time, money and resources to build organizational project management expertise: lower costs, greater efficiencies, improved customer and stakeholder satisfaction, and greater competitive advantage.
CSR is an important way to increase a business’ competitive advantage, protect and raise brand awareness and build trust with customers and employees. An enlightened business recognises that it is in its own interests to be socially responsible.
Business ethics is important because it keeps business people to operate within a moral and legal pedestal that not only leaves them satisfied internally but also increases sales because most people like dealing or doing business with honest businessmen. Also if the public or your potential customers recognize you to be engaging in improper business deals, they will turn away from you.
Successful businesses not only respond to their current customer or organisational needs, but often anticipate future trends and develop an idea, product or service that allows them to meet this future demand rapidly and effectively.