University:
Boston University
Course:
QST BA 472 | Business Experiments and Causal Methods
Academic year:

2022
Views:

271

Pages:

1
Author:

Kaya Huerta

Prospera: Empowering Puerto Rico’s Small Businesses Business Development Business development identifies areas for improvement, and implements change that allow the business to become more profitable, efficient, and able to sustain long term. By prioritizing business development small businesses can improve their revenue, attract new customers, and achieve their short- and long-term goals. Information Management Family run water sports equipment rental service in Aguadilla, Puerto Rico “A great way to start or end your visit to beautiful Aguadilla, Puerto Rico aboard our luxurious "Top Gun" fleet of SEA DOO RXTX300 personal watercraft all with music”. Data Automation A knowledge management system, “is seen as [a] one process-oriented framework that provides a structured approach for the transfer of knowledge across successive generations.” (1) Knowledge management systems are especially lacking in small or familyowned businesses as they are typically dominated by one founder or owner. Then, when the business shifts to be run by another individual there is a gap in the information maintained, and not shared, by only the previous owner. According to a study run in Jamaica, small family-owned businesses experience more difficultly in maintaining long term success due to a lack of knowledge management systems. (2) Aguadilla WaterSports Data automation, particularly in managing payroll data and gas expense data, will significantly benefit Aguadilla WaterSports. By automating payroll processes, the business can ensure timely and accurate payments to employees, streamline payroll calculations, and reduce the risk of errors. Additionally, automating gas expense data tracking can help the company monitor and analyze fuel costs more efficiently, identify cost-saving opportunities, and optimize budget allocation for transportation needs. Overall, leveraging data automation for payroll and gas expense data will enhance operational efficiency, financial management, and decision-making for Aguadilla WaterSports. The results of data automation in managing payroll and gas expense data for Aguadilla WaterSports can be measured through metrics such as time saved in processing payroll, reduction in payroll errors, and cost savings from optimized fuel expenses, and overall improvement in financial decision-making processes.