Organizations are facing gloomy times. The financial crises, recessions, and economic depressions are not new phenomena, but their occurrence is definitely a cause for great concern among many. This is because no matter how well we study the history of downturns such as these, dealing with them when they do happen again is still just as difficult. Most organizations will wonder, for instance, how to control recession effects on human resource performance, and employee performance in general.
For the most part, this would fall to the efforts of the human resource department. In fact, the human resource department would probably need to handle the most important part of the recession coping strategies, but have the human resource department informed the employees that we are in recession or are they in denial. Only when the organization faces reality and informs the employees on what is going on systematically, the employees will know how to adapt to such crisis.
They started their career as infants whereby they were tasted in the single role of Michelle Tanner -the cute baby of the Full House
family. They were hired at the age of six months and filming began when they were nine months old.
Everyone loved Michelle Tanner, the wisecracking baby and little girls around the world went berserk over Michelle. With this, the Olsen twins’ parents saw this as an opportunity to promote their little twin girls’ image.
At the age of 7, Mary-Kate and Ashley with their then-manager, co-founded Dualstar Entertainment – a global brand management company with the specific goal of leveraging the popularity of these little twin girls.
Mary-Kate and Ashley made several straight-to-video movies as well as TV shows and even licensed their names to furniture and clothing lines for preteens — girls age 5 to 12. As they matured, their fashion sense bloomed. Mary-Kate and Ashley then moved on to start a clothing line in Wal-Mart stores for girls age 4-14 as well together with a beauty line called “Mary-Kate and Ashley: Real fashion for real girls”.
On the surface of it, it seems like IT Governance is a lot of trouble for no tangible return. Yet, if we really take the time to think about it, a business runs on information. The decision-makers in the company rely on the data collected, and the information generated by the information systems to make their decisions. An information system that delivers timely and accurate information is an invaluable asset to any company.
And yet, how many companies really have a proper IT policy? Many companies think an information system is a sort of “fire and forget” system — that it can be installed and then left alone to work. Like all systems, however, it will suffer from decay over time. Software becomes obsolete, hardware ages and suffers from wear and tear, and even processes become old and inefficient as new (and more efficient) ways of doing things are discovered. Proper processes need to be in place to ensure that obsolete software is properly disposed of, and hardware stripped and securely disposed.
When we talk about IT governance, we’re basically talking about three things: Data Management, Asset Management and PeopleManagement. Data are the building blocks from which information can be derived. Because of this, it’s important to have a framework that determines who has access to what data. It is of supreme importance to a company that they should be able to control the flow of information, to determine where it comes from, where it goes, and who it goes to. According to Weill and Ross, IT governance is “Specifying the decision rights and accountability framework to encourage desirable behavior in the use of IT.”
It’s important to note that “desirable behavior” is mentioned here. Data management concerns itself with “encouraging desirable behavior”. In the case of data management, this means “desirable behavior of data”. What happens when data leaves a server? How do we track and monitor the flow of the data, where it goes, and where it stops? These questions need to be answered. Answering these questions is what makes for proper data management. The people and processes that are put into place to analyze the flow of data, and to alert the correct people should anything seem out of the ordinary, this is what makes data management invaluable to the average business.