Cloud Computing Service Models

In practice, cloud service providers tend to offer services (ie. Cloud Computing Service Models)  that can be grouped into three categories: software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (Iaas). 1. Software as a service (SaaS) Software as a service (SaaS)  is software that is developed and hosted by the SaaS vendor and which the end user accesses over the Internet. Unlike traditional applications that users install on their computers or servers, SaaS software is owned by the vendor and runs on computers in the vendor’s data center (or a collocation facility). A single instance of the software runs on the cloud and services multiple end users or client organizations. Broadly speaking, all customers of a SaaS vendor use the same software: these are one-size-fits-all solutions. Well known examples are Salesforce.com, Google’s Gmail and Apps, instant messaging from AOL, Yahoo and Google, and Continue reading

Guide to the Development of Research Questionnaires

The process of questionnaire development is divided into three phases, (1) Designing or making (2) Issuing (3) Returning. While designing a research questionnaire, attention should be paid to three important matters; Appearance of the questionnaire, Contents of questionnaire, and Subject-matter. Design of Questionnaire To design a good research questionnaire certain steps are needed. These are : Consult   colleagues, friends & acquaintances to get their thinking on the problem. Formulation of such a list of areas and questions. Submit this list to experts both in the field of problem and related fields. Drafting the questionnaire (first stage). Pre-testing the questionnaire. Re-examination and revising the questionnaire (second stage). Physical Appearance of the Questionnaire Special attention should be paid in order to give a good physical appearance to the research questionnaire so as to get good response from the respondent. Matters requiring special attention include quality and size of paper, type of Continue reading

Knowledge – Definition and Types

Knowledge is a very slippery concept with many different variations and definitions, each of which is valid in its own right. The nature of knowledge and what it means to know something are epistemological questions that have perplexed philosophers for centuries and no resolution looms on the horizon. According to Webster’s Dictionary, knowledge is “the fact or condition of knowing something with familiarity gained through experience or association”. In practice, though, there are many possible, equally plausible definitions of knowledge. A frequently used definition of knowledge is “the ideas or understandings which an entity possesses that are used to take effective action to achieve the entity’s goal(s). This knowledge is specific to the entity which created it.” There are two basic kinds of knowledge in an Organization: Explicit and Tacit. Explicit knowledge is knowledge that has been articulated and, more often than not, captured in the form of text, tables, Continue reading

Venture Capital Investment Process

Venture capital investment process is different from normal project financing. In order to understand the venture capital investment process a review of the available literature on venture capital finance is carried out. Tyebjee and Bruno in 1984 gave a model of venture capital investment process which with some variations is commonly used presently.  As per this model this activity is a five step process as follows: Deal Organization Screening Evaluation or Due Diligence Deal Structuring Post Investment Activity and Exit Deal origination: In generating a deal flow, the VC investor creates a pipeline of deals or investment opportunities that he would consider for investing in. Deal may originate in various ways. referral system, active search system, and intermediaries. Referral system is an important source of deals. Deals may be referred to VCFs by their parent organisations, trade partners, industry associations, friends etc. Another deal flow is active search through networks, Continue reading

Role of Stock Markets in an Economy

Financial market is one of the components of financial system. Financial market facilitates the efficient allocation of financial resources of the economy so as to achieve socially desirable and economically productive purposes. Existence of an efficient financial market is a pre requisite for promoting savings, investments and consequent economic growth. Financial markets are extremely important to the general health of an economy. The main function of financial system, viz. capital formation takes place practically in financial markets. Financial institutions work as financial intermediaries and establish link between suppliers and users of funds in financial market. Financial products, including the supply of credit, mortgages, company shares and insurance, are bought and sold in primary and secondary financial markets. Financial products and securities are first issued into primary financial markets, which is where all financial products originate and where contracts are first drawn up. Secondary markets exist to enable buyers and sellers Continue reading

What Is a Chief Learning Officer (CLO)?

A Chief Learning Officer’s main job is to grow an organization by developing a process of learning. This role continues to change, morph, and evolve as things change such as the overall econonmy, increase in globalization, and growth of technology. This evolution requires organizations to learn faster or face the reality of not being able to survive. Companies that implement ongoing learning objectives are able to reinvent themselves and adapt to change proactively, while stagnant organizations are often reactive in strategy and are unable to catch up or adjust to the changing environment. Learning needs to happen quickly, affordable, and clearly in order for a company to get a competitive advantage over others. Companies need to be able to learn from success and failures in order to manage change and turn these oppurtunities into improvement. Some common themes of learning companies include knowledge or data being continuously transferred, stored, and Continue reading