BUSINESS

Business Ethics Business ethics refers to the moral principles and values that guide business behavior. These principles encompass a wide range of topics, including: Key Principles: Honesty: Maintaining truthfulness, accuracy, and transparency in all business transactions. Fairness: Treating employees, customers, partners, and stakeholders justly and fairly. Respect: Showing consideration and respect for others, even in […]

3D printing, also known as additive manufacturing, is a process of creating a three-dimensional object from a digital model by depositing layers of material in a sequential order. It is a rapid prototyping, manufacturing, and artistic technique that uses a variety of materials and technologies. Key Principles: Digital model: A 3D model is created using […]

Virtual Reality (VR) is a technology that creates a simulated environment through the use of computer graphics, sensors, and software. It immerses users in a virtual world, providing an interactive and multifaceted experience. Key Components of VR: Headset: A worn headset that displays the virtual environment. Controllers: Handheld devices used to interact with the virtual […]

Strategic Management Strategic management is the process of developing and executing long-term plans to create and sustain a competitive advantage in the marketplace. It involves identifying opportunities, assessing the organization’s strengths and weaknesses, and making informed decisions about how to allocate resources. Key Components of Strategic Management: 1. Situational Analysis:– Conducting a thorough analysis of […]

Core Competencies Core competencies are the key strengths and capabilities that a company can leverage to compete effectively in its industry. These are the areas where a company has a distinct advantage over its competitors and where it can consistently deliver superior value. Key Elements of Core Competencies: 1. Capabilities:– Specific skills, technologies, processes, and […]

Definition: A transaction is a sequence of steps that result in a change in the state of a system. It is a single unit of work that is performed in a specific order. Key Characteristics of Transactions: 1. Atomicity: A transaction is either completed successfully or rolled back to its initial state if there is […]