Question

Please answer the following question:
1. Identify opportunities to apply networked devices to improve operational efficiency and business models.
2. Describe the characteristics of fraud and how enterprises can defend against and defect fraudulent activities.

Answer 1

1.

Every enterprise should improve the operational efficiency for the better competition in the world. Generally, the business use network management for operational efficiency, reduce costs and improve customer satisfaction the opportunity to apply networked devices is,

To provide the right information to the employees in the business

Always create better business opportunities to the partners

The company should enable to take phone system of employees wherever they go

To give better communication with the customers

To reduce the travel time

Always outsource the information technology tasks

Always develop long term technology

2.

In the case of business the fraudsters are not criminal backgrounds, those who commit fraud are first time. In business the fraud includes corporate fraud, misappropriation of asset and financial fraud. To reduce the fraudulent activities the firms should;

Comprehensive operational assessment

The strong contracting process

Auditing of vendors

Regular auditing of account statements

Monitoring of employees

Strict action against fraudulent activities