Explain two factors that are important to business success

Question

Explain two factors that can be important to the business success of a third-party management application vendor that potentially has to compete with a network management offering of a network equipment vendor.

Explanation

Factors that can be important to the business success are as follows:

• • Manage and access risks:
    In any kind of business, there is always a risk. So any person who is running a business should be aware of this. There can be any kind of risk such as financial, political, or can be a system risk. One should know how to face them. How one can handle this kind of situation. And how to solve the risk. This all makes a business more implicated.

• • Advanced Technology:
    Nowadays technology is becoming very important to everybody. Businesses are growing and learning from the technology. Also that third-party risk assessments, monitoring, and management is also increased. But we can also have a solution for them. So we can manage third-party risk.

Question

Explain the most important reason for using a dedicated management network instead of a shared one?

Explanation

Security is the most important reason for using a dedicated management network instead of a shared one. This dedicated management network is hard to hack or crack. Also, it is very safe. Also, the user on the other side is never in the contact with the device. And this makes it hard for hackers to hack the system.

Question

Assume that you need to manage a network that contains three different types of devices. To avoid dependence on a particular vendor, you have two suppliers for each type of device. Explain some of the ways in which management standards are important in this situation.

Explanation

Some of the ways in which management standards are important are:

• • Mutual Understanding: This is one of the ways to which management standards are important because it creates a good understanding between client and network manager.
  • Also, it will look after the budget. So Management standards ensure that the budget is well used.
  • And it will also make sure that the network is running on itself and is not dependent on the other.

Also read, RSA encryption is normally used to encrypt which of the following?