accounting systems and internal controls

Mark Welfey, The University of Akron, College of Business

stratigic business decision

making a decision that is difficult and effects the company

Business Model

a simple abstract representation of one or more business processes

Business Process

a defined sequence of business activities that use resources to transform specific outputs to achieve a business goal

business analysis

the process of defining business process requirements and evaluating potential improvements

documentation

explains how business processes and business systems work; a tool for information transmission and communication

key parters

third party suppliers

key partner with example company Zoom

Hardware partners, integrators, payment processors

key activities

what the company does/invests in to create value

key activites with example company Zoom

tech developement, sales and support

key resources

hardware the company owns on its premises

key resources with example company Zoom

data centers, compression Algo

Value proposition with company example Zoom

video conferencing that works well, works on phones, laptops and conferejce rooms, supoorts 1000 participants

customer realtionships

methods by which the company keeps or builds relationships with current cusomters

Costomer Relationships example with example company Zoom

ratings

Channels

places where the company goes to find new customers

Channels example with example company Zoom

Website, referrals, resellers

customer segments

target markups

customer segments example with example company Zoom

distributed poeple

cost structure

expenses

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