system

(noun)

A whole composed of relationships among the members.

Related Terms

Examples of system in the following topics:

  • Expert Systems

    • An expert system consists of both an inference engine and a knowledge base and has decision-making abilities.
    • An expert system has a unique structure, different from traditional computer programs.
    • Knowledge-based systems are systems based on the methods and techniques of artificial Intelligence.
    • Knowledge base systems (KBS) go beyond the decision support philosophy to incorporate expert system technology into the decision-making framework.
    • Break down expert systems to the inference engine, the knowledge base, and conversational

  • Marketing Information Systems

    • A marketing information system is a management information system designed to support marketing decision making.
    • A marketing information system is a management information system designed to support marketing decision making.
    • Jobber (2007) defines it as a "system in which marketing data is formally gathered, stored, analysed and distributed to managers in accordance with their informational needs on a regular basis. " Kotler, et al. (2006) define it more broadly as "people, equipment, and procedures to gather, sort, analyze, evaluate, and distribute needed, timely, and accurate information to marketing decision makers. "
    • It is true today that in many organization an MkIS is integrated as part of a computerized system.
    • To manage a business well is to manage its future and this means that management of information, in the form of a company wide"Management Information System" (MIS) of which the MkIS is an integral part, is an indispensable resource to be carefully managed just like any other resource that the organization may have e.g., human resources, productive resources, transport resources and financial resources.

  • The business eco-system

    • Whether you possess the characteristics of an entrepreneurial mindset, or work for someone who does, you can still be instrumental in starting a new venture by understanding the business eco-system.
    • A business eco-system is a set of business components that form the foundation of a new venture's creation.
    • Figuratively, the business eco-system is like a wheel that rolls your new venture forward which is why we represent the business eco-system in a wheel-shaped model.
    • The Business Eco-system Wheel is reprinted and adapted from the Entrepreneurial Marketing Wheel with permission from Mentorography, Inc. © 2008.

  • Pay Systems

    • Frederick Winslow Taylor (1896) introduced a piecework system that sought to counter the negative incentives of a straight piecework system.
    • Time Rate System: Under this system, the worker is paid by the hour, day, week, or month.
    • Differential Piece Work System: This system provides for higher rewards to more efficient workers.
    • Taylor Differential Piece Work System Merrick Differential Piece Rate System Combination of Time and Piece Work Gantt Task and Bonus System: The system consists of paying a worker on a time basis if he does not attain the standard and on piece basis (high rate) if he does.
    • Emerson's Efficiency System: Under this system, minimum time wages are guaranteed.

  • Economic Systems

    • A country's economic system is made up of institutions and decision-making structures that determine economic activity.
    • Examples of centrally planned systems are communist countries, such as North Korea and Cuba.
    • Today the world largely operates under a global economic system based on the free market mode of production.
    • The system with the highest level of government control is communism.
    • The economic system in which most businesses are owned and operated by individuals is the free market system, also known as "capitalism. "

  • IS tools for the start-up organization

    • As illustrated in Exhibit 41, an Information System is comprised of two sub-systems, a Social sub-system and a Technology sub-system.
    • These three elements—hardware, software and telecommunication systems—comprise the technology component of an information system.
    • The people component of an information system encompasses all those individuals who are directly involved with the system.
    • Very often, an information system fails because the users do not have enough skills, or have a negative attitude toward the system.
    • More subtly, the four components of information systems must work together for the systems to perform.

  • Introduction to the Federal Reserve

    • The Federal Reserve System is the central banking system of the United States, which conducts the nation's monetary policy.
    • The Federal Reserve System (also known as the Federal Reserve, or the "Fed") is the central banking system of the United States.
    • Events, such as the Great Depression, were major factors leading to changes in the system.
    • Congress, and the system is subject to congressional oversight.
    • Describe the primary function and objectives of the Federal Reserve System

  • Materials Handling

    • The focus is on the methods, mechanical equipment, systems, and related controls used to achieve these functions.
    • The material handling industry manufactures and distributes the equipment and services required to implement material handling systems.
    • Material handling systems range from simple pallet rack and shelving projects, to complex overhead conveyor systems and automated storage and retrieval systems (AS/RS).
    • The material handling system (MHS) is a fundamental part of a flexible manufacturing system, since it interconnects the different processes supplying and taking out raw material, workpieces, sub-products, parts, and final products.
    • The MHS is composed of warehouses, buffers, conveyors, transportation vehicles or systems, part sorters, feeders, and manipulators.

  • Pay for performance

    • Compensation systems usually consist of three categories: "base salary, short-term incentive systems, and long-term incentive systems" (Kulik, 2004).
    • Reward systems really affect work performance.
    • Reward systems can be applied to employees with different formula.
    • Long-term incentives are also a part of reward systems.
    • Dr Cynthia Fukami notes that reward system is a powerful tool if pay links with performance (Fukami, Reward Systems, 2007):

  • The requirements of a good recording-keeping system

    • The entire system should be easy to use (i.e. more time should be spent pursuing efficiency rather than keeping records), and
    • For example, the Intercontinental Hotel Group acquired a new software system from SolveITLabs that focuses on over 40 sustainability-based practices that its hotels can adopt – thereby enabling its 4,000 properties to clearly see ongoing electricity usage along with suggestions on how to reduce it by up to 25% (a savings of over $200 million annually).
    • (www.solovatsoft.com/outsourcing-green-development.html) As a bonus, the system keeps a visual track of the energy savings at all Intercontinental hotels so managers can compare their results with others.