A Comprehensive Report: Enterprise Management and Business Performance

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This report investigates the critical role of enterprise management in enhancing business performance. It begins by outlining the problem of inadequate enterprise management and its impact on various aspects of a business, including consumer services, marketing, and regulatory compliance. The research aims to identify strategies for effective enterprise management, focusing on challenges, control methodologies, and tools to improve current issues. The methodology employs a positivism research philosophy and a deductive approach, utilizing a mixed data collection method involving journals, books, and surveys. The report concludes that effective enterprise management is essential for mitigating financial crises and improving operational efficiency. It emphasizes the importance of strategic tools for innovation and creative approaches, highlighting the significance of the research methodology used to expose hidden facts. The study acknowledges limitations such as data access and competitor resistance.
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Running head: ROLE OF ENTERPRISE MANAGEMENT IN BUSINESS PERFORMANCE
Role of Enterprise Management in Business Performance
Name of the student:
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1ROLE OF ENTERPRISE MANAGEMENT IN BUSINESS PERFORMANCE
Table of Contents
1. Brief statement of the problem....................................................................................................2
2 Research aim and objectives.........................................................................................................2
2.1 Aim........................................................................................................................................2
2.2 Objectives..............................................................................................................................2
3. Brief methodology.......................................................................................................................3
4. Summary......................................................................................................................................3
References........................................................................................................................................5
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2ROLE OF ENTERPRISE MANAGEMENT IN BUSINESS PERFORMANCE
1. Brief statement of the problem
The research report depicts the crucial necessity of implementing enterprise management
for improving the business performance. The enterprise management includes different
managerial aspects in terms of consumer’s services, marketing opportunities, process
improvement, fraud detection, regulatory compliances etc (Rosemann & vom Brocke, (2015).
The main challenges associated to the role of enterprise management are the information
lifecycle, upstream, downstream and instream performance.
After identifying the problem statement for the enterprise management it is necessary to
take necessary steps and strategies for mitigating the organizational issues. In order to research
study towards an accurate direction it is necessary to consider proper research philosophy,
research approaches, data collection and resources at the same time.
2 Research aim and objectives
2.1 Aim
The main aim of the research is to recognize the role on enterprise management in the
business organization, to gain effective as well as measurable revenue from the competitive
market. After considering the direction of dataflow it is found that the direction moves from
upstream towards downstream. The aim is to identify all the necessary strategies those are
important to implement accurate enterprise management components.
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3ROLE OF ENTERPRISE MANAGEMENT IN BUSINESS PERFORMANCE
2.2 Objectives
To identify the challenges facing by the enterprises due to lack of management
strategies
To investigate the control methodologies those should be identified for mitigating
the enterprise oriented issues
To define accurate tools those are necessary to improve the current situational
errors.
3. Brief methodology
Three different kinds of research philosophy are there such as realism, positivism and
interpretivism. For this research topic positivism research philosophy is selected because it helps
to understand the reality of enterprise management (Bromiley et al., 2015). Based on data
collected from different resources, through this approach proper scientific analysis is also
become possible. In addition to this among two different types of research approached such as
deductive and inductive, deductive research approach is the most valuable one.
In order to fill up the research gap, proper scientific research work is required to be done.
Thus, instead of inductive approach deductive approach should be followed by the researcher to
get more prominent result in terms of research reflects. After considering the research
approaches it is necessary to consider the proper data collection approach. Among two different
kinds of data collection methods such as primary and secondary for this particular research work,
mixed data collection process considering journals and books as well as questionnaire survey are
needful (Armstrong & Taylor, 2014). More than quantitative data should be collected.
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4ROLE OF ENTERPRISE MANAGEMENT IN BUSINESS PERFORMANCE
4. Summary
From the entire discussion it can be concluded, that the range of global financial crisis are
occurring generally due to lack of enterprise management system. All the functional and
operational aspects of an organization could run free of any sort error if and only if enterprise
tools are adopted by the management authority accurately. Not only adoption but also those
should be applied on the required places. Among several of key management functions, proper
strategic tools are needed to improve the innovation and creative approaches (Gollenia, 2016).
Not only this but also the business operation influence the enterprise performance. For this
particular research study the positivism research philosophy should be used by the researchers to
expose the hidden facts from the resources. In addition to this, for this topic, deductive research
approaches and mixed data collection approach is selected. Lack of access in the dataset and
resistance of competitors results the inability to apply the preliminarily highlighted benchmarks.
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5ROLE OF ENTERPRISE MANAGEMENT IN BUSINESS PERFORMANCE
References
Armstrong, M., & Taylor, S. (2014). Armstrong's handbook of human resource management
practice. Kogan Page Publishers.
Bromiley, P., McShane, M., Nair, A., & Rustambekov, E. (2015). Enterprise risk management:
Review, critique, and research directions. Long range planning, 48(4), 265-276.
Gollenia, L. A. (2016). Business transformation management methodology. Routledge.
Lambert, S. C., & Davidson, R. A. (2013). Applications of the business model in studies of
enterprise success, innovation and classification: An analysis of empirical research from
1996 to 2010. European Management Journal, 31(6), 668-681.
Rosemann, M., & vom Brocke, J. (2015). The six core elements of business process
management. In Handbook on business process management 1 (pp. 105-122). Springer
Berlin Heidelberg.
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