A performance management system consists of the processes used to identify, encourage, measure, evaluate, improve, and reward employee performance at work. Employees' job performance is an important issue for all employers. However, satisfactory performance does not happen automatically; however, it is more likely with a good performance management system. Performance management system is the talent within the organization which involves [...]
A well-designed marketing information system consists of four major components: 1. Internal Accounting System 2. Marketing Intelligence System 3. Marketing Research System 4. Marketing Science System. Components of Marketing Information System # 1. Internal Accounting System: In this system the marketing executive receives the historical data from accounting books on sales, costs, inventories, receivable, payables, cash inflows and outflows, funds [...]
A system engineer must design a system in the following phases in sequence of order: 1. Understanding the Problem 2. Considering the Alternative Solution 3. Choosing the most Optimum System 4. Synthesis of the System 5. Updating Equipment Characteristics and Data 6. Testing the System and Refinement 7. Application and Operation. Phase # 1. Understanding the Problem: In first phase [...]