Today, entrepreneurs running small-to-medium sized businesses face daunting tasks that just a few years ago were not existent. The complexities of the business world have created new risks, a myriad of regulations, and complex reporting requirements that can overwhelm any organization. Owners and managers of all enterprises, even smaller private businesses, need to be cognizant of both the spirit and the letter of the law. How does a smaller organization, with limited resources, cope with all of this? How do they stay abreast of the additional changes that are on the way? In this guide, Pete Russo of the Entrepreneurial Management Institute at the Boston University School of Management outlines the pitfalls and steps, but also looks at effective solutions for private companies.
criteria in choosing research problem
are a number of criteria against which a company can measure an enterprise software solution in today's environment: Integrated approach - to the extent that a single software product allows a company to integrate the various aspects of the business (accounting, production, human resources, CRM, budgeting, etc.),management can take a holistic view of its business processes and compliance issues. Information, whether used for management decisions, financial reporting or record keeping, should come from a