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Human Resources

Human Resources are essential to any enterprise because it allows for training and development of employees. According to an article found in the Journal of Business Management, human resources are essential to maintaining the competitive advantage. The article also explains, "human resources (defined as the total pool of human capital under the control of the firm) have the highest probability (among all resources) of being the source of sustained competitive advantage for the firm. This is because human resources are more likely than other resources to be inimitable and non-substitutable, as well as being valuable and rare (Wright, McMahan & McWilliams, 1994)." (Fleet et al 2001) Indeed, human resources are vital to the success of any firm. Accounting Systems Accounting systems are also essential to the operation of e-business. Accounting systems allow e-businesses to keep track of the financial aspects of business. The advent of new software has made the accounting process very simple for most enterprises. However, the individuals that operate accounting systems must be adequately trained and have the schooling that is required to manage accounting systems. An article found in the CPA Journal explains that this software was once called expert systems. The article explains, "Expert systems are a revolutionary approach to integrating computers into the management decision-making process. The early applications were originally termed "expert systems" because they were intended to approach problem solving and analysis in a similar manner, and with similar results, as that of human experts. As a result of expert systems, computers can explore problems using verbal and/or qualitative analysis as well as the more traditional quantitative data- only reasoning. (Foltin and Smith 1994) Warehousing Many enterprises utilize data warehousing t...

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Human Resources. (1969, December 31). In Retrieved 16:56, September 01, 2014, from