articles business

The impact of globalization on small business

2010-12-21T01:16:00.001-08:00

Today, globalization is a major driver that has impact on nearly every business. The internationalization of markets for sales and purchasing at least indirectly influences every business.In the last few years, the effect of globalisation on businesses and especially small businesses has been the topic of

conversation in academia as, The first obvious effect that globalisation has on business is the opening of doors and the increase in the amount of potential customers, suppliers, , even smaller and locally orientated businesses have to see themselves in a global context, even if they do not intend to launch their own import or export activities. Doubtless, a major strength for many Small and Medium-Sized Enterprises is their close customer contact and their ability to maintain close customer relationships. Nevertheless, in the light of today’s business environment all Small and Medium-Sized Enterprises have to ask themselves some questions, even if they want to go on with their local strategy and if business outside. The second is that small businesses are now able to compete on an international scale. Before, importing and exporting was something that the big companies could do because they could absorb the costs as well as dealing with all the legal complications. As the barriers have come down, there has been more choice for small businesses to get involved. With more choice comes more competition and with competition comes possible ‘price wars’ which can only be good for the customer and business, especially for small and home-based businesses. From another side, Globalisation can have more of a negative effect on small business in developing countries because the opening of the borders means mass migration. This means that the country loses some of its best business talent, which in turn could mean that small businesses have smaller pools of human resources to choose from. Finally, every Small and Medium-Sized Enterprises has to understand that international activities do mean more than just finding new customers or suppliers in other countries. The internationalization of a business involves a process of profound change. This change requires taking risks, opening up the firm’s culture and a great capacity to learn. None of this happens spontaneously but requires planning and clear leadership. Hence, the planning of these internal changes should be part of the planning for international activities.
well as the corporate world. As a result
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Globalisation and technologies

2010-12-21T01:14:00.001-08:00

Globalization is the buzzword of today. The economies of the world are being increasingly integrated. Mobile phones and Internet have brought people closer. The world is becoming a smaller place. Goods, which were once confined to western countries, are available across the globe. Work can be outsourced to any part of the world that has an Internet connection.
Because of improvements in traffic infrastructure one is able to reach one’s destination in a relatively short span of time. Information Technology is a driving factor in the process of globalization. Improvements in the early 1990s in computer hardware, software, and telecommunications have caused widespread improvements in access to information and economic potential. These advances have facilitated efficiency gains in all sectors of the economy. IT provides the communication network that facilitates the expansion of products, ideas, and resources among nations and among people regardless of geographic location. Creating efficient and effective channels to exchange information, IT has been the catalyst for global integration. Today, of course, the Internet and the Web have transformed commerce, creating entirely new ways for retailers and their customers to make transactions, for businesses to manage the flow of production inputs and market products, and for job seekers and job-recruiters to find each other. The news industry has also been dramatically transformed by the emergence of numerous Internet-enabled news-gathering and dissemination outlets. To sum up Experience with previous technologies suggests that prudent policies can help us effectively manage the risks associated with new technologies without harm to their benefits.

Globalisation Advantages and drawbacks

2010-12-21T01:13:00.001-08:00

Globalisation is a fashionable word to describe trends perceived to be dramatically and relentlessly increasing connections and communications between people
of the work environment, wages and benefits. In the one hand globalization has a lot of drawbacks, in the global market; multinational corporations are able to wrestle control away from local businesses and societies and to concentrate wealth in the hands of those few who have large investments in corporations. As a result, people and governments lose power and control, and the people become vulnerable to the whims of a global power structure which can wield enormous control of natural resources (land, timber, minerals, water, etc), as well as people’s compensation and health and welfare benefits. With insufficient legal structures to force corporations to comply ecological and social conscience in the way they conduct business. In addition,the global economy is impacting the workplace both in terms of the types of jobs that are being created versus those that are disappearing and also in terms Developed nations have outsourced manufacturing and white collar jobs. That means fewer jobs for their people. This has happened because manufacturing work is outsourced to developing nations like China where the cost of manufacturing goods and wages are lower. Programmers, editors, scientists and accountants have lost their jobs due to outsourcing to cheaper locations like India. Besides that, the benefits of globalization are not universal. The rich are getting richer and the poor are becoming poorer. In the other hand, Globalization has a positive side as well. For instance Globalization has created the concept of outsourcing. Work such as software development, customer support, marketing, accounting and insurance is outsourced to developing countries like India. So the company that outsourced the work enjoys the benefit of lower costs because the wages in developing countries is far lower than that of developed countries. The workers in the developing countries get employment. Developing countries get access to the latest technology. Furthermore, increased competition forces companies to lower prices. This benefits the end consumers. And increased media coverage draws the attention of the world to human right violations. This leads to improvement in human rights.

Workplace ethics

2010-12-21T01:05:00.001-08:00

Workplace ethics are codes of conduct that influence the development of an ethical culture within the workplace. Going beyond what is considered legal in the area where the business operates, workplace ethics inspire communication between employees, allow for respect to be extended to each person within the
organization, and promote customer relationships that are based on honesty and integrity. While there are core elements that tend to define a work-based code of ethics, the specific expressions of these central values vary from one corporate setting to the next. Some companies are incorporating ethics into their training. It is a subject that can go hand-in-hand with business and when employees understand what ethics are about, business can improve. Not only will the community take note of the ethical nature of a business but also so will customers. One of the tasks many business consultants face is helping clients assess the status of workplace ethics in their offices and manufacturing facilities, and then find ways to expand and enhance those ethics at all levels of the operation. Often, consultants can spot problems that are not immediately noticeable to managers and business owners, simply because the problems developed incrementally over an extended period of time. However, once the issues are identified and resolved, chances are the company will be stronger and the employees will be significantly happier.

Ethics in business

2010-12-21T01:04:00.001-08:00

In business all ethics are determined and displayed by the leadership. The leaders of an organization or company must be determined to follow, a personal and business code of ethics. People learn from our examples, not from what we tell them to do.

Applying ethics in business makes good sense. A business that behaves ethically induces other business associates to behave ethically as well. If a company (or a manager) exercises particular care in meeting all responsibilities to employees, customers and suppliers it usually is awarded with a high degree of loyalty, honesty, quality and productivity. For examples, employees who are treated ethically will more likely behave ethically themselves in dealing with customers and business associates. A supplier who refuses to exploit its advantage during a seller's market retains the loyalty and continued business of its customers when conditions change to those of a buyer's market. A company that refuses to discriminate against older or handicapped employees often discovers that they are fiercely loyal, hard working and productive.

The aim of advertising

2010-12-21T01:03:00.001-08:00

The main aim of advertising, many believe is to sell. These are the kind of people who vehemently oppose anything that make advertising seem unethical.

Advertising on the whole helps business,

As well as the economy to prosper and makes the consumer aware of the various choices that are available to him. Advertising makes the world go round.

The ultimate purpose of advertising is to increase sales and profits; however we can not increase sales unless the market is more aware of the product, so it would appear that increasing the awareness is to develop the brand name, since distinctive product can only be identified by the public by means of their brand, so the overall aim of advertising is to increase awareness and sales.

Business travel

2010-12-20T23:48:00.001-08:00

Business travel is essential for companies; the main focus of the business travel is the cost and the ease at which a person can travel. These two things do not always go hand in hand but there are ways that one can learn to make the travel experience a bit easier and more effective. Making business travel a success is
necessary to keep the company in higher grounds. Business requires skills, competence, strategy and travel. Yes, business travel is apparently a part of building linkages and reaching out to other corporate people. This has become a good strategy to encourage strong investments and good partnership. So when businessmen travel with their messenger bags for men with them, expect the travel not to be a form of leisure but a part of business. Use the methods to make certain that the business travel that you must do goes as smoothly as possible. The first bit of advice when travelling for business is too make sure that you do not wait until the last minute to book the flight. This can mean that you have the worst possible cost and the worst possible flight involved in the whole thing. Most often the closer to the flight date that you book the more expensive that it becomes. This is an effort by the airline to fill the seats and make the most money from them. The second do not book yourself in a first class hotel. Business is all about money admit it or not. You must be aware of austerity measures and apply it on business travels as well. Booking in a mid class accommodation will encourage more savings from the company. A good bed for a good night sleep is always acceptable. They are comfortable. Besides, you will not stay in the hotel all day long. When you book on a mid class accommodation, you are actually helping your company save money without sacrificing your own comfort. Finally be punctual. Don’t be late on your business meetings for your business travel. Being late can turn an offer down. It may not be punishable by law but it is very unacceptable for your business buddies and clients. Try to come at least fifteen minutes before your meeting time.

The aim of advertising

2010-12-20T23:47:00.000-08:00

The main aim of advertising, many believe is to sell. These are the kind of people who vehemently oppose anything that make advertising seem unethical.

Advertising on the whole helps business,

As well as the economy to prosper and makes the consumer aware of the various choices that are available to him. Advertising makes the world go round.

Business presentation skills

2010-12-20T14:30:00.001-08:00

In today’s corporate world, making presentations is important for any business. Preparing impressive business presentations is the key to success of your business as they enable you to effectively convey your message to the audience, to influence and convince them. Therefore you will be required to make presentations to others, but how to make your presentation more
attractive and effective? First keep your audience focused and interested. Making effective business presentations takes practice. Your presentation has to flow smoothly, be moderate in length, do not be redundant in your speech, have a clear and audible voice, address the audience -ask questions, a well-presented paper, background design, colored paper that fits the occasion, PowerPoint, the right amount of seating accommodations, and among these countless others. Put yourself in the audience's shoes - try to understand your listener's level of understanding, their map of reality, and anticipate what they want to know. Once you know what your audience wants, you can figure out how to "sell" the benefits of your topic to them. Second, Give business presentations that provide valuable information in a way that keeps your audience engaged in what you have to offer them. Make sure they are more than entertained and that they come away with valuable information that they can put to use right away. Moreover, Make your main point and provide details and examples to support your points. Data is very important, but use effective charts and tables to illustrate and illuminate your presentation. Besides, your presentations for business should include all the information needed for the potential client to make a decision, but no more. You don’t need to disclose every aspect of your business. Instead, include what they need to know, but then openly answer any questions that are asked during the presentation. In general Effective business presentations are going to be fairly short and to the point. Be concise, but also be thorough. Seek to answer any questions that they might have prior to them having to ask it.

Working Environment Is Key to Creativity

2010-12-14T23:13:00.000-08:00

The Collaboration, Creativity, and Communication can help you to develop new innovations that can contribute to doingmeaningful new things, improving processes for problem-solving, and having greater success in your work. You will meet new people and work with others to systematically generate and develop new ideas for the challenge of your choosing. Be guided step-by-step and activity-by-activity through an innovation process to develop and take action on new ideas for your real project.

Employees will be more creative and inventive in unusual work spaces because they feel a mix of positive and negative emotions. Do you know that the working space affects the performance of an employee? An unhealthy working space does not promote an atmosphere conducive for working. Employees that feel comfortable with co-workers and have joy in their work will exhibit laughter throughout the day. Another is when employees freely share their ideas. Employees need a safe environment to share their ideas. These are just a few signs of a healthy working environment. Having a healthier working environment is a worthy investment; it’s not just a matter of improving the inner look of the company but the employee’s morale as well.
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How to deal with Customer complaints

2010-12-14T23:09:00.000-08:00

Every business has complaints from time to time. A customer may complain about defective merchandise, poor customer service, slow delivery or incorrect billing. When handling a complaint you should consider it an opportunity tobuild trust and ensure future business.
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No one like receive complaints but complaints are worth their weight in gold if an organisation learns from them and than use the information to improve the customer experience , customer complaints can be used to build a better customer experience and turn a dissatisfied customer into a raving fun. Customer complaints are usually not personal, when employees understand that customer’s anger is directed toward the company, not the employee, they are better able to deal with the emotion of the customer. One customer service complaint that doesn’t get settled might be an isolated incident that goes away over time. But if you continually have complaints from customers that you ignore or fail to resolve, this could damage the integrity of your small business. It’s best to deal with customer service complaints in a logical and orderly fashion. Both you and your employees should know how to diffuse difficult situations before they escalate into matters that could negatively affect your company’s reputation. There are times when complaints are not solved easily. For this situation, never argue with the customer. Arguing does not solve anything. In fact, it will probably make things worse. What you need to do is ask the customer what will help to resolve the matter. Once you ask this, most customers will cool off because they know you see it their way. So, to avoid loosing the customer makes that adjustment if an adjustment is necessary. Besides, some other ways to handle complaints is to treat every complaint as an important one. It may not be important to you but to that customer it is very important. Complaints should be handled in a timely and efficient manner. Always be professional and courteous. You want that customer to be happy. Always ask the customer if they are pleased with the way the problem was handled. If so, your chances are good that the customer will return. To sum up, quickly and properly solving customer complaints can help your business grow and prosper. Ignoring complaints or dealing with them in a dishonest manner can result in loss of business or even lawsuits.

New technologies can help your business

2010-12-14T07:45:00.000-08:00

With the advances in technology over the last decade it is next to impossible to run an effective business without the help of technology. Technology is integrated into our society.

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Computer automation can increase performance and productivity in business. Small businessould mean to increase profits, reduce losses, get more customers, expand the markets, become more visible in the community, and go public or a number of other items deemed desirable.owners over this time period have discovered that when applied correctly, technology can improve productivity and performance. Once you’ve set your business’s goals and objectives, the next step is to map them to the technologies that can best help you meet them. Here are four network-based technologies that can help small businesses achieve their goals, whether it’s increasing productivity, improving customer satisfaction or reducing costs. Computers can be used in business to assist with customer service. Most companies have integrated their phone systems into a computer network to answer calls or customer service questions without speaking to a live representative. This is made possible by having a phone system that supports voice and data. For marketing purposes, computers are used to automatically dial phone numbers of potential consumers to sell a product or service. In addition, many workers today frequently travel between offices or job sites. They need to be mobile and so does the information they require to do their jobs. Wireless and mobile technologies increase efficiency and productivity by extending the footprint of your office, delivering information and applications to your employees when and where they need it.

The importance of biotechnologies in agriculture

2010-12-14T07:43:00.000-08:00

Civilization began with agriculture society’s connection to the land was intimate. Human communities, no matter how sophisticated, could not ignore the importance of agriculture.To be far from dependable sources of food was to risk malnutrition and starvation. In agriculture,
biotechnology and genetic engineering are expected to change production methods, the products themselves and the structure of the whole agricultural sector Biotechnologies play an important role in the development of agriculture, Biotechnology has also revolutionized research activities in the area of agriculture which includes the following: plant cell, tissue and organ Culture, genetic engineering leading to transformation followed by regeneration of plants to give transgenic plants carrying desirable, traits like disease resistance, insect resistance and herbicide resistance; eventually this may also be used for increasing photosynthetic efficiency, nitrogen fixing ability, improved storage proteins, hybrid crops, crops for food processing etc. Besides, by biotechnologies the nutritional content of fruits and vegetables can be enhanced in various ways. In addition Biotechnology in agriculture has also enabled the use of crops as bioreactors, namely factories for the production of biological products of therapeutic value. These are in the form of vaccines, interferons, antibodies, and drugs. The day of edible vaccines, where a person can get vaccinated simply by consuming a fruit is not far off. The use of genomics in strengthening the pursuit has opened new doors.
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Advertising is everywhere

2010-12-14T07:37:00.000-08:00

In the last five years there has been
an explosion of new ways and means to communicate, driven by the growth of
multiple media, technology and new possibilities to interact

Just as there is to everything else in life, there are costs and benefits to
advertising. Advertising plays a major role in our lives. Everywhere you turn
there is some form of advertising taking place. Companies spend outrageous
amounts to get the attention of the viewer and hold it long enough to increase
sales of there product. Advertising is a part of the marketing mix, under
promotion, and is a very important aspect in Marketing, Advertising is all
around us. It is in everything we do, whether it be looking up a number in the
local phone directory or taking a ride down an old road and noticing the
billboards along side of the road. Not a single day will go by without seeing
some form of advertisement.
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