Monthly Archives: August 2017

Accounting In Business Management

In any part of the world, engaging in business ventures to participate in the ever growing number of players who want to make their mark in the business sectors will be one aspect that needs to be carefully studied. Key aspects that include the industry that anyone is planning to penetrate, the target market and the potential buying behavior of the consumer market are only some of the factors for consideration. A thorough study of the entire matter needs to be evaluated. It is not merely a venture wherein people can simply decide to put up a business and offer a service or good. Nor is it a matter of hiring the best marketing and sales people available today to ensure a successful business venture.

A business venture entails a lot of research work to be done. It needs consideration such as currency, basic necessities, affordability and brand familiarity. It is never simply about what the management team of a company that complete the whole business mix has. The need to also consider factors as actual consumer demands, the need for substitutes for a wider selection of variants and brands is what most consumers in the market today would look at and such is something that should be considered by would be entrepreneurs and business groups.

Such are points for consideration being taken into consideration in the overall evaluation and management process for Chin Chin products that are distributed today. The demand for products in areas such as Canada, the United States and the Philippines vary in nature, especially in terms of demand. Cultural familiarity and actual needs of consumers in the regions need to be carefully analyzed. It is not merely a question of trial and error. It is identifying what a consumer wants and would purchase for a specific price. While some would disregard this consideration, it is a step towards business disaster and corporate downfall. In any business planning ordeal, the key factor of targeting the right consumer market, assessing the volume of demand and supply and focusing on the actual goods that have potential that will surely be key indicators for successful business ventures.

The price at which people pay for a certain commodity or good would depend on the overall quality of products offered in the market today. This can range from basic needs to lofty paraphernalia that most people feel to be more of a vice rather than a need. Based on the belief using Maslow’s Hierarchy of Needs, people have changed to total viewpoint when it comes to detailing what the important needs of survival are today.

For people who are not adept in understanding the whole business methodology, there should be something more than just plain reference towards the financial statements of a company such as the Balance Sheet, Income Statement and the Cash Flows. People need to also consider the overall operations, the level of investments made and the paid-up capital before they would start bellyaching about poor corporate performance.

The operations aspect of companies should be taken into account. It is not merely relying on revenues and expenses and not overseeing what the company’s actual operations are. Administration is one thing and operations is another, and both must be addressed to have a fully operating business.

The need for broader analysis and understanding of such cases is a must. Top managers cannot simply judge from what they hear. They should be able to learn how to properly evaluate a business and financial statements do not show the entire business operations of a company.

6 Steps to Effective Communication

Effective leaders are known for being excellent communicators. Here’s what to do.

1) Avoid “Not.” Negative talk encourages arguments, counter attacks, and attempts to solve your problems. It also creates a negative impression. For example, when you say, “I can’t,” you appear helpless and ineffective. Instead, talk about what you can do and what you want.

2) Deal with impossible requests by 1) acknowledging the request, 2) empathizing with the other person’s feelings, 3) saying, “I wish I could fix it.” and 4) suggesting a reasonable alternative.” For example, imagine that you work at a resort and it is raining. A guest walks up to you carrying a golf bag, slams it against your desk, and shouts, “This place stinks! I spent thousands of dollars coming here and it’s raining.”

You respond by saying, “You’re right it’s raining. And I know how upsetting it must feel to travel this far and be stuck inside. I wish I could make it stop. In the meantime, you may want to visit our indoor putting center. Our golf pro is offering instructions this afternoon.”

3) Deal with difficult requests by 1) affirming your willingness to help and 2) asking the other person to help you plan a solution.

For example, if your boss asks you to start another project, you could say, “I understand you want me to start a new project. And right now I’m working on another project. To help me set my priorities, I wonder which one you want me to finish first.”

4) When possible, offer choices that show the consequences of different options. This allows the other person to choose both the process and its impact.

For example, you can say, “That’s a great idea. And there are different ways I can meet your request. We can use our existing supplies, which are free, or we can buy custom materials, which will cost $500. Which option would you prefer?”

5) Deal with complaints by asking the other person to describe a fair settlement. You can say, “What do you want?” or “What would you consider a fair solution to this?” or “What would make you happy?”

6) A smile significantly affects how you sound. It also makes you more approachable. When you frown, other people hear anxiety, caution, fear, and rejection. A smile (or at least a pleasant expression) encourages open communication.

Advantages Of Outsourcing Infrastructure Management Services

Managing vital operational components, such as policies, processes, equipment, data, human resources, and external contacts, for a far-reaching effectiveness of an organization’s information technology essentially constitutes infrastructure management services. Effective infrastructure management primarily ensures conformance to standards and interoperability between an organization’s internal and external entities, while enhancing the flow of information throughout the organization. It seeks to promote adaptability necessary for a changeable environment and maintain effective change management policies and practices.

In-house infrastructure management is a complex, resource intensive and expensive proposition. Moreover it hurts core business of enterprises by taking their focus off the core businesses. According to a leading research & analyst firm, investments in infrastructure management constitute one of the single largest expenses for an organization.

A growth in infrastructure scaling does not necessarily have to mean a growth in expenses. The 21st century has brought with it a smart way of business operations – outsourcing. Outsourcing, infrastructure management offers enterprise customers higher reliability, reduced risk, and lower IT costs through one-stop management for the entire IT infrastructure.

Advantages of outsourcing infrastructure management services:

• Reduces total cost of IT operations.

• Restores focus of enterprises limited IT resources for core business activities.

• Rationalizes IT staffing and training costs.

• Optimizes IT asset utilization.

• Facilitates service delivery.

• Improves uptime and system availability.

In a world where the budgets are always shrinking and expectations always rising a world class service partner with exceptional talent is required.

CSS provides a complete portfolio of infrastructure management solutions and services for geographically distributed network resources, 24×7. Our infrastructure management solutions are based on an architecture that is open and scalable thus enabling easy integration of vendor or customer-supplied tools. CSS infrastructure management solutions for a broad spectrum of servers, storage, networks, security, databases, desktops, and applications

CSS infrastructure management solution goes beyond 24×7 monitoring to include proactive problem identification and resolution, thereby reducing costs and improving service levels. Built-in root because analysis aids in easy identification of potential problems and automatically fix them before they affect performance. By automating corrective actions, IT organizations decrease problem resolution time and improve system availability and reduce downtime.