The Business Strategic-Planning Process

How to get valuable staff for organization?

Once HR planning is completed, managers can focus on staffing the organization. The staffing function consists of three related activities: recruitment, selection, and outplacement.

Recruitment:
Recruitment activities help to increase the pool of candidates that might

Effective Leadership

Most researchers evaluate effective leadership in term of the consequences of the leader's actions for followers and other organization stakeholders. Many different types of outcomes have been used, including the performance and growth of the leader's group or organization, its preparedness to deal with challenges or crises, followers satisfaction with the leader, follower commitment to the group objectives, the psychological well-being and development of followers, the leader's retention of high status in the group, and the leader's advancement to higher positions of authority in the organization.

Tips to build networking

In the business relation, relationships are based on more than who you know. It depends on who knows you. None succeeds in business without building relationships with others. Read this article tips for growing your
network of contacts while making friends as well as customers and clients.

Meeting others:

• Ask the other person open-ended questions and don’t talk too much about yourself

What does Management and its function mean to you?

Management is the process of working with people and resources to accomplish organizational goals, who good managers do both effectively and efficiently things. To be effective is to achieve organizational goals and to be efficient is to achieve goals with minimum waste of resources to make the best possible use of money, time, materials and people.

What can managers do to be effective and efficient?

The four Management Functions are:

The Basic Concepts of Statistics

Statistics is the branch of mathematics that examines ways to process and analyze data. Statistics provides procedures to collect and transform data in ways that are useful to business decision-makers. To understand about  statistics, you need to first understand the meaning of a variable.
Variables are characteristics of items or individuals.
Examples of variables are your gender, your major field of study, the amount of money you have in your wallet, and the amount of time it takes you to get ready to go to school in the morning. The key word of Variable is the idea that items differ and people differ. The person next to you may be female rather than male, may be majoring in a different

Capital Budgeting Decision

Capital budgeting describes decisions where expenditures and receipts for a particular undertaking will continue over a period of time. These decisions usually involve outflows of funds (expenditures) in the early periods (sometimes just one expenditure will be made at the beginning of a project, as for the purchase of a new machine), and the inflows (revenues) start somewhat later and (it is hoped) continue for a significant number of periods.

Really want success? Start by Setting a Goal

For anyone who has aspirations or dreams of achieving something, setting goals is extremely important. It’s a fact that nearly everyone wants to achieve something worthwhile. Without having any goals, it would be difficult to know when any of your endeavors have been successful. Can you imagine what your life would be like without any worthwhile goals? Do you have that feeling of contentment with all your endeavors?

What does Marketing mean in 21st century?

The new economy, Consumer benefits from the digital revolution include:

• Increased buying power
• Greater variety of goods and services
• Increased information
• Enhanced shopping convenience
• Greater opportunities to compare product information with others

Firm benefits in the new economy also from the digital revolution include:

• New promotional medium

How to Dress for Credibility?

There is an unfortunate trend of the relaxed, California lifestyle to extend to relaxed dress in the workplace, including salespeople and professionals.

Thomas actually went into the marketplace and tested how people respond to other people dressed differently in the same situation. He found that people responded much more positively to people who were dressed conservatively in a business person's suit. For men, this meant a dark blue or gray suit, long sleeved white shirt, red tie, and black, laced shoes. Although there wasn't a "uniform" standard for women at that time, Thomas suggested that women should adopt a similar look of a blue or gray skirted suit, long sleeved white blouse, red scarf, and low-heeled black pumps or a solid blue or red dress.

Tips to Measure Your Way to Business Success!

Traditionally, accountants have reported business results using balance sheets and income statements. These statements include information that is particularly helpful for investors and credit givers. They also include important information for the management of the business to evaluate the financial health of the business. However, these statements are of results. In order for management and team members to better direct the business, the activities of the business need to be correlated with the results they generate.

How to avoid giving your customers unpleasant surprises?

Vuthy and I took the last Asia tour from Phnom Penh, Cambodia to Hochiminh,Vietnam. The bus driver showed us where we were to meet him at the end of the day, by the old mental hospital. Then he dropped us off at the other end of town.

According to the description of the tour, the bus was to return to Phnom Penh, Cambodia from  Hochiminh, Vietnam at 7 p.m.

What does Rich Dad, Poor Dad mean to You?

What is the difference in the world view and attitude of people who become rich compared to other people? What things do they do differently to have such different results in their lives?

Robert T. Kiyosaki had a unique opportunity to find out. Robert's father was an educator and public administrator. When Robert was a young boy, he and his friend, Mike decided they wanted to learn how to become rich. They started by trying to make (counterfeit) money.

How to Reduce Your Estate Tax For A Family Business By 35% Or More!

One of the most burdensome of all taxes is the Federal Estate Tax. After applying the "credit equivalent amount" that is exempt from tax, the initial marginal tax rate is 37%! With "phase-outs," the marginal tax rate may be as high as 60%! (For each additional $1 transferred, your estate must pay up to 60 cents in tax.)

The good news is that, with proper planning, a significant portion of the estate tax may be deferred or avoided.
 

The Benefits of Lifetime Giving:

A number of techniques are available, but it is significant to point out most of them are based on lifetime gift programs, often including using trusts created during your lifetime! After a person is deceased, the planning opportunities are much more limited. Significantly, gift taxes paid during your lifetime are generally not included in your gross estate, but the gift tax is not a deduction in determining the estate tax after your death. In other words, you receive an estate tax reduction of up to 60% of the gift taxes you pay for transfers during your lifetime.
Caution!

What is Good Customer Care?

Good customer care is about:

• Meeting the customer‘s needs.
• Knowing how to deal effectively with customers in all circumstances.
• Building good working relationships with colleagues.
• Managing communication, expectation and perception.

What do Customers want?

Many reasons that Customers do want from suppliers or vendors:

• Friendly Caring Service: Friendly caring service means more than being polite Customers want to feel that they are important.
• Flexibility: When the service delivery is not meeting customer’s needs, customers want the person helping them to jiggle the system to make it work for them. Customers do not want to hear “no”. They want you to work out a way to get them what they want or need.

How do create the GREAT service experience for the customers?

How do create the GREAT service experience for the customers?

I. Human Level:

The Human element is used to establish a link with the customer. We wish to care for the customer’s needs and defuse his emotions. This can be done by some of the following:

• Being understanding – address the customer’s concerns or emotions,
• Offer appropriate gestures of kindness and warmth
• Listening – Knowing what the customer wants or needs

Business Success: No Pain, No Change!

Whenever I sit with a client who has hired me to assess and identify ways to streamline their business operations, we eventually get around to what I call the “no pain, no change” discussion. I can present a neatly packaged assessment report with recommendations for increasing efficiencies or streamlining processes, but new efficiencies and streamlining requires change. And, change typically meets with resistance because the way of doing things has become habitual.

As the old adage goes, old habits die hard. It happens just as frequently in one-person operations as it does in businesses with 10s, 100s, or even 1,000s of employees. It’s just easier to take the path of least resistance by doing what we have always done. And, until you realize how ‘doing what you’ve always done’ dramatically affects your bottom line, change is less likely to occur. For any change in behavior, procedure or practice, there must be a desire for it – the benefits of change must become more attractive than the comfort of keeping old habits.

How to Get Clients to Pay up!

Independents, sole proprietors, freelancers… anyone who deals with minimum cash flow knows the anxiety that comes with a client or customer who doesn’t pay. You can put “net 10 days” on your invoices, but most of the time it’s ignored by both big business clients and small business clients.

As an independent myself, I face these same challenges. In large companies, the red tape is long and knotted – and if there’s just one little hold up in the approval process, you can be waiting 45-60-90 days for payment. It eats up a lot of follow up time that could be better spent on building your business, not serving as bill collector. Sometimes you can plead your case and get paid quicker, and sometimes you have to resign yourself to their system.

Marketing Management and Marketing Strategy

How much should I spend on marketing?

This is a common question that marketing consultants gets asked on a regular basis.

The simple answer is that there is no hard a fast rule – it depends on the competitive environment, the stage of business development, the product or service category and the balance of advertising designed to promote the brand with advertising designed to generate a specific response.

As a result of these factors, marketing budgets are best set based on careful analysis of a number of factors as part of a Marketing Strategy not via the often used % of sales method.

Five Steps to Massive Profits

Here’s a business marketing tip to gain maximum profit from any product or service in your business marketing lineup, and how you will gain extreme profits when you follow these 5 simple, LAZY steps;

1. Look not at what you are offering through your business marketing efforts – look at WHO WILL BUY your product/service. Make a picture of your ‘typical buyer’ – who they are, their age, what they like to do, etc. This is often known as the ‘target market prospect’, yet, the more detailed you define this ‘target’ in your business marketing, the better. 

Do Correct Investment in Business Opportunities

Business opportunities are only good when you know what you want and what you are doing. All to often people let a good business opportunity pass them by or they will jump into something when they really don't know what they are getting themselves into. The business opportunities are only as good as the person who is investing in them. If you do things correctly then your business will grow and expand.

There some things that you should keep in mind when you are looking to

When You Have a Business For Sale

There comes a point in every business owner's life that they consider selling their business. Some people must sell their business because they have no other choice in the matter. However, no matter what the reason for having a business for sale there are certain things that every owner must do before someone will buy the business.

When you have a business for sale you must always ensure that you keep your financial reports and tax files current. Having up to date for potential buyers will make them more willing to buy the business then if everything was out dated and not organized at all. If people see that you are not up to date with all of your reports then

Myths about Advertising Marketing

Advertising is one of the most interesting topics these days. Lots of people are showing a good amount of interest in this field and this is the reason why they are choosing this as their profession. You must always make sure that you choose a profession in which you have the maximum amount of interest.

When you enter into the job market you will find the amount of competition that is present here. Lots of people are trying to get into one field and this result in tough competition.

If you want to get selected and go to the top then you must try to be the best in this field. Advertising marketing jobs have become quite popular these days. There are various companies as well as advertising agencies which hire people for advertising marketing.

How to Be an Effective Sales Recruiter?

Are you interested in sales? If you are trying to enter into the job market then you might be aware of the kind of competition present in this market. If you want to survive in this competition then you need to make sure that you are the best in your field.

One of the most popular fields these days is sales. Lots of people are showing interest in this field. To be in the sales field you need to have certain qualities.

What Business Coaches Do?

Business coaching is a practice of developing and honing business skills, to achieve substantial results in the organizational structure of a business. It helps you to improve and achieve the desired success. It enables a business owner to create a unique business plan that would reflect his identity. A business coach emphasizes on the importance of interpersonal communication skills in accomplishing an assignment or a project. He helps to deal with the practical problems and identify realistic solutions to them.

Failing to Plan Your Business Financing Can Be a Death Sentence for Your Business

Most businesses start out thinking the first thing they need is a great business plan. The popular myth is that potential lenders will place great stock in your business plan as a major consideration for approving the financing you need.

While a well written business plan will assist you when you are seeking financing, it is far down on the lenders list behind things such as your

Tips For Choosing The Best Stockbroker

Choosing a stock broker can be an annoying task. While they all seem the same, there are differences in commission rates that you should be aware of. Depending on the type of investor you are, you may end up paying too many fees depending on the broker you choose. Here are some tips for choosing the best stock broker, depending on the type of investor you are.

Ways to Convince Your Readers to Buy from You

Getting your readers to buy products from your site is more than just a matter of making them available. Readers are not just customers, but consumers (there is a difference!) and will be using the products you make available to them to run businesses, or grow themselves personally in some way.

Gaining and maintaining your readers’ trust is extremely important not only for generating sales but for creating opportunities for getting bigger and more influential clients.

The customers are always right, and you need to make them realize that they would be doing the right thing by buying your products.

Four Marketing differences between Small and Big Businesses

Every marketing plan has to adopt the same marketing procedure, but the similarities between small business and large business marketing stop right there.

Budgets constraints, staffing, creative methods, and strategy vary enormously between a multinational mega-marketer like, say, Pepsi Co., and a relatively micro-budget marketer and business owner like, well, you and me.
1. Differences on Budget constraints:

The Real Meaning of Customer Service

What is customer service? Have you ever stopped to really think about this question? We have trained literally thousands of people and hundreds of organisations in customer service. No matter who the person or what the organisation, the answer to this question is always generic. They will say: “Customer service is about giving customers what they want” or perhaps “it’s about satisfying customers” some times they will say that it is about “making customers happy.”

Using Internet Marketing For Your Business

Will Internet Marketing Work For Your Company or Business?

This is an extremely trying question to answer because there are so many complex factors involved. Specifically they techniques you employ in your Internet marketing campaign as well as the execution of these techniques can determine whether or not Internet marketing will work for your company. Additionally, the likelihood of your target audience using the Internet and responding to your marketing efforts should also be considered into the equation. This article will outline the the makings for success in an Internet marketing campaign.

Four different Home Business Ideas Using the Internet

There are many home business ideas you can begin almost immediately. Some of them you are familiar with and others you may not have even thought about.

Let's talk about a few different ideas you can use to start a home business online and make money with.
1. Do joint ventures and share the profits. A joint venture is where you work with another Internet marketer on the same project.

The Warrior Forum is a perfect place to go and develop relationships for future joint ventures. They claim millions of dollars have been transacted online just from the joint ventures created in their discussion forum.

Your Seven-Step One-Day Marketing Plan

In my small business consulting experience, I have noticed a similar attribute that is common in most entrepreneurs and business owners. Most are “doers”, not “planners.”

In reality, being a doer is perhaps the ultimate mark of a successful person. It’s what makes entrepreneurs a rare breed. Rather than thinking or wishing, they get out there and make something happen.

But I have encountered many small business owners who get into trouble “doing” the wrong marketing activities the right way or “doing” the right marketing activities the wrong way. If you want to “do” the right marketing activities the right way you must start with a marketing plan.

Goal Setting and Goal Achievement

Much has been written about goal setting. Yet, many people comment that they are not satisfied with their performance in achieving those goals. This article is intended to address not only the effective setting of goals, but also to identify 8 steps to ensure that you achieve the goals you have set.

To begin, let's be sure we have a clear definition of what constitutes a goal. There have been many definitions of a goal; for purposes of this article, I would like to define a goal as follows: "A written statement that clearly describes certain actions or tasks with a measurable end result."

Why do People Start Business?

What drives people to become entrepreneurs-to start a business? It's a question with many answers. Often these individuals are not entirely sure themselves, and the answers to the question are apt to change over time as their perceptions change.

I divide the reasons in to two broad categories: the reactive reasons and the active reasons. Reactive reasons are those things that are objectionable about working for others. They are the negatives that push you out. Active reasons are those things that are attractive about having your own business. They are the positives that pull you out.

Twenty Tips for First-Time Managers

How Not to Blow It
That semi-competent manager you and your colleagues used to complain about is gone. And guess who's in charge now? It's you, my friend. Sure, you have integrity; everyone knows that. But you also need a vision and a strategy, and to execute it skillfully. Otherwise, you'll find yourself turning into the new bumbling fool. Here's how to succeed as a new manager.

Excelling as a First-Time Manager!

The colleagues who loved you as their peer now report to you as their boss. Will they still respect you?

It was only a matter of time. Year after year, you beat your numbers and earned the highest marks on evaluations. Your manager sang your praises; your clients considered you one of their own. You sacrificed health and happiness to prove you deserved it. Eventually your time rolled around and they put you in charge. And now that you've made it, only one question remains: What do I do now?

How to Startup A Company?

A startup company or startup is a company with a limited operating history. These companies, generally newly created, are in a phase of development and research for markets. The term became popular internationally during the dot-com bubble when a great number of dot-com companies were founded. A high tech startup company is a startup company specialized in a high tech industry.

Check list for Your New Startup Business!

You need three things to create a successful startup:

• Start with good people
• Make something customers actually want
• Spend as little money as possible

Most startups that fail do it because they fail at one of these. A startup that does all three will probably succeed.

How to Identify Your Best Customers?

Devote yourself to keeping your best customers happy, and watch your business grow.

Let's face it. We all have our favorite customers the ones who pay promptly, handle problems respectfully and, most important, give us repeat business. So why waste our time on any other kind?

It's impossible, of course, to avoid every problem customer the habitually poor planner, the late payer, the perpetual complainer since it can take time for their worst traits to surface. And, at the end of the day, we need their business. Still, it's important to minimize the time we waste on these difficult customers and maximize the time we spend catering to the pleasant and profitable the ones who drive our success and satisfaction.

Planning Out Your 3 Years Vision for Attracting Clients!

In practice building and getting clients it seems to be that most self-employed people just hope for the best. They simply keep doing what they've been doing and don't have a strategy for creating the practice they'd be truly and deeply happy with. This is a big mistake in my opinion.