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What Giant Success Takes: The Keys in Making it Big in the Business World

Have you ever wondered why Chinese are one of the most successful entrepreneur in the business world? In close scrutiny, among the companies that are funded by the foreign nationalities, over 70% are Chinese-owned. Their investments are even more than half of the total investment capital of the business. Chinese businessmen usually own 60% of the shares in the different businesses all over the world.

So, whatis with the Chinese entrepreneurs that they have the tendency to always make it big in the industry? Why is it that they always succeed whenever they are engaged into any kind of business?

The answer lies on the fact that they possess what it takes to succeed in the business. They possess the qualities that are needed in order to survive in the hustle and bustle of everyday living in the industry.

Primarily, courage and grit are the primary itriggersi with the success of many Chinese. They believe that if you want to establish a business, you need to take chances.

The Chinese used their thriftiness and trade to get ahead. For example, a Chinese businessman that is into clothes and garments would usually cut the garments themselves. There are times that the Chinese businessmen had their own businesses, but would still help their family on whatever activities that would help them earn more money.

In some cases, these people would work all night long even if their hands get swollen just so they could finish what must be done at once.

Secondly, the Chinese were dedicated to their work. Hence, it is important for every businessperson to incorporate the values that can be found in the Chinese like assuming all the roles that are necessary in order to run the business. Best of all, they would teach that to their children. No wonder why most successful businessmen are considered as jack-of-all-trades.

Hence, this kind of commitment results to a certain kind of philosophy, in which Chinese businessmen believe in: business titles are not that important with regards to their roles in the company.

The good thing about being a good entrepreneur is to disregard business titles. What matters most is to focus on things that need to be done and they do it.

The Chinese work ethic is pragmatically sustainable as far as the businessi success is concerned. For some nationalities, education is the be-all and end-all and business is just a means of getting a good education. Most people are being conditioned to study well so we can find a good job. We are not being taught the value of entrepreneurship, but for many Chinese, they dream of making it big, and business is a means of achieving that.

The best entrepreneurs even contend that the lack of appreciation for entrepreneurship is one of the main reasons why some countries have not moved forward economically.

So, what does it takes to have a giant leap to success? Here are some tips that Chinese businessmen had learned and will love to teach to those who want to make it big in the industry:

1. Find your target market

It would be better to choose a business no one else would try out because it was not a typical elite or socially appealing business.

The logic here is that it is, indeed, easier to start a business for middle-end childrenis clothes, for example, but you will just as easily lose money because there are a lot of you fighting for the same market.

2. Do not spend too much on things that are not important. Save more money.

It is important for every person to know the value of money and the importance of saving for a rainy day.

3. Do not believe in any iget-rich-quicki scheme.

Most entrepreneurs would contend that it is common for every trade to lose some money within two years of operation. Do not be crestfallen. Focus on establishing a base of operations and learning from your mistakes.

4. Be penny-wise

Spend only on things that you can afford.

5. Choose your customers well

Go for quality rather than quantity. Chinese businesses do not advertise as much as Western businesses because they believe that the iword-of-mouthi is the key to getting new clients. It is better to rely on goodwill that you generate in your business.

Boiled down, leaping through a giant step to success and in making it big in the industry, it is better to have a personal approach to work. No matter how petty the patch up is, it is better to visit your clients personally. In turn, this makes the customer feel contented because the proprietor himself is actually solving the problem in person!

Working Smarter to Succeed in the Modern Business World

In the business world, every penny counts when it comes to ensuring an organisation is in good shape and remains profitable in the long term.

But whilst thriftiness will certainly help to ensure money isn’t needlessly wasted on luxury items that contribute nothing to the revenue-generating side of the business, it’s equally important to be aware of when and where not to cut corners. Businesses will ultimately only get something in return by investing money where it matters.

Intelligent business decisions are central to any successful company and whilst many of these will be made purely on the good instinct of the business owners, it always helps to get a few pointers as to where improvements can be made and where the day-to-day operational aspects can be streamlined.

For example, small to mediums sized business owners often have their work cut out for themselves, especially in the early days. It may be the case that they have to learn about every aspect of running a business from keeping the accounts and recruitment to fixing photocopiers and networking an entire office.

However, it’s impossible to become an expert in everything. And sometimes, it may not be cost effective to employ a full-time member of staff to carry out a particular function that is only required on an ad-hoc basis. In these instances, it may be wise to consider outsourcing certain aspects of the company to external bodies who are not only experts in their fields, but also operate a ‘pay as you use’ service philosophy.

In terms of technology, the Internet is perhaps one of the most valuable tools a modern day business has at their disposal, as it is often the first port of call for many potential customers. So optimising online operations should be a priority for any organisation that wishes to ensure both its short and long term profitability.

With a large proportion of consumers now connected to the World Wide Web, this helps to outline the importance of having a fully functioning and useful website. Whilst the customer-facing side of operations is important, the technology a company employs for its own use can make a huge difference to productivity, and can help everybody in the organisation perform to the best of their ability.

Indeed, with many companies now adopting a remote working ethos, managing workloads on the move is becoming increasingly common and necessary. It may mean keeping in close contact with clients or suppliers, or simply always being available should someone from the office need help or support with a certain task.

Web-enabled mobile phones and PDAs have played their part in the past, but their inherent limitations mean that laptops with mobile broadband technology is becoming an increasingly popular option for those who need to stay connected when they’re out of the office.

By adopting smart working methods, a business can ultimately stand a far better chance of succeeding in the long term. Whilst it is important not to spend money needlessly, it is equally as important to spend money where it is needed.

PGDM Courses- An Important Step Before Stepping Into the Business World

PGDM or Post Graduate Diploma in Management is equivalent to an MBA. There are a number of PGDM Courses one can choose from. The following are the different PGDM programs available

 

 

 

 

Full-time program

Part-time program

Distance Learning program

Executive program

Online program

A full-time PGDM program is usually of 2 years and comprises 4 semesters, 6 months each. Students can opt for their interest of specialization and have the option to choose from minor and major subjects. The choice of subjects includes the following:

Marketing

Finance

Human Resources

Operations and Logistics

Information Technology

Systems

International Trade and Business

Consumer Behavior

Risk Management

Entrepreneurship and many other.

The part-time and Executive PGDM are for those who are working executives and want to take up the course to further enhance their working skills. The part-time, distance and online learning programs are flexible whereas the Executive PGDM is strictly designed keeping the working people in mind.

These specialized PGDM Programs help one in assessing whether they are willing to continue to work in their field of interest. The curriculum of the courses is such that the person learns to deal with all situations. A manager needs to be able to motivate and guide his subordinates and should respect his superiors. Apart from imparting the basic know-how of the business world they also teach these things which are crucial to an organization.

Admission to a top-PGDM course can be obtained by appearing for the necessary entrance exams. Once the student clears the entrance tests he/she has to undergo a Group Discussion and Personal Interview after which he/she is selected and enrolled for final admission. The admission to the Top B Schools is sought by taking exams like the CAT, XAT, GMAT, NMET, MAT amongst others.

Once a student has successfully completed the PGDM Course he or she can apply for lucrative job opening which are offered. The PGDM Course boosts confidence and instills certain traits that are very important in the business world. One also becomes aware of certain latent skills and abilities that the program draws out during the course.

Completing your education world with a PGDM before stepping into the corporate world is the best thing in the competitive and demanding business environment today.

 

Coaching Services for the Business World

The coaching services in the business world are referred to as executive coaching services. Executive coaching marked its existence ever since the first manager produced the first successful team. It revolves around inculcating various talents and skills among the executives, by training and coaching them via new challenging ideas and possibilities. It helps them to develop and grow with the organization. There are several coaching services that provide the executives with the ability to communicate effectively and motivate and establish a relationship with the team. These are remarkable traits that bring out innate values of every individual. The business coaching service is new to the corporate world and it facilitates behavioral and psychological changes in the executives, enhancing their managerial skills. Owing to the increasing demands and pressures of the modern business environment, the demand of executive coaching is also rising.


Types of coaching services for the corporate world:


There are various coaching services that contribute to the development of the business world. They are as follows:


Coaching services to improve skills: Coaching service for the development of skills is designed to enable the executives to learn certain abilities and provide them with several perspectives, concerning management and relationship coordination. These services provide the executives with the ability to handle the new responsibilities, with the implementation of innovative tactics. In addition, it helps refine the existing proficiency of the employees.


Coaching services for overall development: These coaching services aim at enhancing the competencies of the individuals working in the corporate world. The service helps an individual to identify his hidden talents and modify them, according to the needs of the new profile and the crucial challenges that come along with it. In addition to this, it involves refining their speaking and listening skills, cultivating strategic planning, enhancing their time management skills and encouraging participation among subordinates. It not only trains executives to handle newer profiles, by broadening their technical know how, but also enables them to cultivate their interpersonal competence.


Coaching services to enhance performance: Personal ability and the feedback received from the group, combines to form the parameters to evaluate the performance of an executive. Being conversant with the essential technical or academic skills is not enough to execute the work assigned. You need to maintain a positive rapport with teammates and other staff within the organization. Performance is not evaluated on an individual basis, but also the overall performance of the team. Team spirit, rate of work completion and the collective effort of the team, form the key factors that determine the effectiveness of the employees and that of the organization.


Behavioral coaching services: More often than not, when an employee starts climbing the corporate ladder he is often considered arrogant by team members. This perception necessitates the executives to be brave enough to tackle the unnecessary criticism and win over the confidence and support of their colleagues. It is important to build a favorable rapport and assure the employees of their loyalty. These executives need behavioral coaching, to help them plan effective strategies to win over their subordinate staff. It calls for a considerable amount of emotional and mental capability to handle new challenging responsibilities. The program revolves around communication and effective leadership skills.


Transformational coaching services: The transformational coaching services are more personal in their approach, as compared to other coaching services. It analyzes the behavioral aspects of the trainees that hinder their effectiveness. It also evaluates the current behavioral patterns and abilities of employees and designs methodical strategy to improve them at the same time. The coach determines the limiting behavior pattern of the employee and formulates a plan to overcome the drawbacks in an effective manner.

International Tax Plan: The Hurt Felt Around The World

President Obama recently revealed that he has intentions of revamping the rules governing international taxes. This has caused quite a stir among businesses that operate internationally and rightfully so. The President’s plan aims to cut back on the tax advantages that international companies enjoy. Obama defends his plan by saying that by increasing the taxes that these businesses have to pay, it will allow more jobs to be created domestically. In addition to encouraging US based jobs, the plan would restore fairness in the taxes being paid by multinational and domestic businesses. The plan would have three main effects on businesses. It would not allow businesses to defer their taxes in other countries so that they will not have to pay the US taxes. Also, the legal effects the use of low-tax offshore accounts used by international companies would be changed. Finally, companies would no longer be able to shift their earnings into them to avoid the higher taxes and create foreign-tax credits. The Obama administration wants to close these “tax loopholes” in an attempt to recover over billion a year that is lost tax dollars. President Obama has said that he thinks the tax code is wrong because it lets people to pay lower taxes on jobs created outside the United States. For example, creating a job in China would cost less in taxes than a job being created in New York. He also has announced that he plans to add almost a thousand international tax inspectors in an effort to combat offshore bank accounts used on an individual level.

The problem with raising taxes for these multinational businesses is that it will cripple their ability to compete internationally. The countries that the United States competes against have these tax breaks, which is why the US should also. If they are able to pay lower taxes, so should we. Currently, as long as the income earned in another company stays in the country that it is earned, it is acceptable for tax not to be paid on it in the US. This is a fair prospect because tax is being paid in the country where it is earned and it should not have to be taxed twice if it is staying in the same country it was earned and taxed in. Creating jobs in the US seems like a hopeless effort for the most part in today’s global economy. The fact is that we live in a world where countries compete and work with one another. Trade is abundant and by globalization, prices can be lowered. Global business is not going away and a tax increase is not going to help the American economy. If anything, it will hurt it. Prices will increase and worse, companies will be forced to sell their international branches to countries that do not have taxes on offshore profits.

President Obama is striving for a working situation in the US that is not possible because of our standards of living, labor laws, and mandatory wages. Businesses need to send their jobs to other countries in order to keep prices low. By strong-arming businesses to keep their jobs in the US, it will greatly increase the money they spend on wages and benefits for their employees. Labor is cheap and readily available in countries such as India and China, so it makes sense to pay less taxes in creating a job overseas! A company simply cannot pay an American worker the same wages that they will be able to pay overseas. It is easy for people to say buy domestic and keep jobs in the US, but they would not be singing the same tune if they were unable to walk into Walmart and purchase their DVD players for .

Therefore, it makes sense that American businesses that are operating globally should be able to continue to receive the benefits of the current tax system. They are not skipping out on taxes. They are making money in another country, paying taxes on it there and putting those same profits back into the subsidiary in that same country. The United States is the only country that has double-taxes. If they are expected to be able to compete globally, they need the deferral rule so they stay on a level playing field with the other international businesses. Globally competing businesses from the United States support jobs domestically and to cripple them would have a trickle down effect on the domestic jobs. The economy needs to be stimulated, but tax increases are not the solution. Ronald Reagan believed that decreasing taxes and giving people more of their money back would increase spending and help the economy and expand the tax base, known as the Laffer curve. Reaganomics worked then and would work now. International taxes need to be left alone.

Strategic & technological change in the contemporary business world?

In the contemporary business world only thing that seems to be constant is change and the nature of the competition is such that companies need to leverage on the way they manage change to gain a competitive advantage. Moreover, the types of changes the companies experience vary in nature as well, for instance, as industries consolidate, there are increasing number of mergers and acquisitions, the pressures on organisation to compete in a more global arena are leading to different competitive pressures and more strategic alliances

Furthermore, rapid technological changes are forcing organisations to embrace new technologies and change the way they work and interface with suppliers and customers (Balogun and Hailey, 2004). However, the phenomenon is not new and has seen a series of management fads like cultural change programs, total quality management, business process re-engineering etc. Unfortunately most of the change programs launched within the organisations are below par, evident in the figure of around 70% failure (Balogun and Hailey, 2004). Hence, strategic change is becoming a highly sought after managerial competence.

Moreover, the change management process is highly complicated and there is no fixed norm that could be followed. However, like most other areas in management experts have proposed models for organisational change vis-a-vis Lewin’s model of change, the planning model, the action research model and the integrative planning model (Harigopal, 2006). These models cover various aspects of the change management process enabling planned change; however, one facet of the process that has emerged in recent times of increasing globalisation is that of organisational culture

The role of cultural awareness has become rather significant, be it international mergers, acquisitions or just internal business process changes. There has been a barrage of literature detailing the ways of diagnosing cultural changes and assessing cultural risk in managing change and aligning strategy and culture with the intended change. Along with managing cultural diversity during change processes, it has become a standard practice for organisations to publish its core values defining its organisational culture along with its mission statements on their websites and financial statements.
Be it the construction industry or an Aerospace organisation strategic change is attracting an increased attention from the management. Especially the extent of involvement of the people and stakeholders in the process of strategic has been under a constant debate. There are organisations like the Brazilian Semco, where people decide their own targets and managers their own salaries, which has redefined strategic change and involvement of people (Crainer, 1999). The bottom line is that strategic management has many facets and is developing into an area which will receive a lot of management attention.

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How to Effectively Hire a Ghost Writer in today’s busy world

In today’s busy world, whether your business is large or small, it is easy to become over whelmed with day-to-day tasks. Suddenly you realize that you need to update your web presence content or you need to have a processes and procedures manual on-hand in case of key personnel being out. It just becomes too much to handle! Or perhaps you need to produce articles to promote your business, but writing simply isn’t your forte. What do you do? It’s simple; hire a ghostwriter to assist you in performing your writing tasks.

Professional, well-qualified ghost writers can be contacted via any number of freelance project posting sites such as www.guru.com or www.elance.com , and others. These freelance project posting sites permit a buyer who needs writing projects completed, while maintaining all rights to the material upon payment, to post a project description and allow “Work for Hire” freelance writers to bid on your project. You can set the time length during which bidding is permitted and even request samples of the writers’ work for review.

When posting a freelance writing project for bid on any project posting site, you should strive to communicate facts clearly so that service providers can bid accurately on your project.

u Establish exactly what length, in number of words or pages, you are requesting to be written for you.

u Define exactly the content and purpose of your requested project. Some examples of content types are web content, search engine optimized web content, magazine article, resume, processes and procedures manual, how-to report, ebook, or white paper. The type of writer that will bid on one type of job may not be well suited to another type of project.

u Define format requirement. These requirements include exactly what format you want the data should be delivered to you as a final product such as MS Word, plain text, or rich text format.

u Determine precisely the deadline for delivery of your final products. If you have an exact need date for your material, state that date in your project description. Those writers who can not meet your deadline will simply not waste your time reading their bids.

u Communicate any other requirements. You may want content to have bulleted points, or to have margins of 1.5 inches on every side. Any requirements that you desire in your final product should be stated in your project description. Most freelance writers, upon accepting your project award, copy your exact project description into their information files to ensure they are working to your specifications.

The online freelance project posting systems allow you to review the portfolios of the writers who are members of that system. You can select based on criteria such as previous feedback, length of time on the system and other factors to view a selection of service providers’ information. You can then select a few service providers which appear to fit your needs and invite them to bid on your project, if you wish.

Keep in mind when reviewing service providers’ feedback reports that no one makes everyone happy all of the time. If a 5.0 is a perfect rating and a writer has over 20 projects on which they have received feedback, you can expect at least one client to have not given even an exceptional writer a perfect score. Be realistic and look for service providers with a feedback rating near the top as well as those at the top of the ratings.

Once bids have been placed on your project, review those bids. It is wise to identify which service providers bidding on the project included in their response your exact project requirements. If you stated that you desire 30 articles written and the bid stated the provider will write 15 articles for you, it is clear that they did not read the project description. That kind of inattention to detail when bidding can indicate a general lack of attention and your project deserves to be treated with care. A good service provider will tell you in their bid exactly what services they will provide for how much money and within what timeframe. If those key items are not contained in the bid, move on and review the ones that have clearly responded to your request.

If you request samples of work from the service providers bidding on your project, you can expect to receive anywhere from one to two articles per bid to as many as ten articles attached to bids. Read at least one sample from each bid to learn about that writer’s style and tone. If the sample style fits with what you have in mind and their bid reflected care and precision in bidding, you should add that writer to your “short list”.

As soon as you have honed the respondents down to three or four bids that are from reliable providers, choose based on price and turnaround time that best suits your personal needs. There are many, many wonderful freelance writers working in the global marketplace of the Internet today. Let them relieve you from some of your job stress by writing documentation and content for you!

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Lippo Centre ? Opening Door to Leading Business World

 

Being one of the main serviced office buildings in Indonesia, the “Lippo Centre” in Jakarta is located close to Sudirman, a popular skyscraper in the region. It is positioned approximately ten meters away from Mashill Plaza, BCD Menara and BCA Wisma which are also some of the key business centers in the country.

 

As the Lippo center houses 56 office spaces, it has become an important destination for a large number of businessmen traveling from all over the country and the world. The headquarters of a number of leading trade companies in the country are being facilitated in this commercial structure, through which a large number of major business personalities operate their communication systems to the rest of the world.

 

The structure also provides all the necessary requirements for business conferences, meetings and other important events throughout the entire year where, people who are interested in the business sphere are able to gain a wide array of knowledge and information on the business world. As the Lippo Centre is located in the heart of the industrialized area of Jakarta, it happens to be one of the main centers that have led many development projects in the region and in the whole country.

 

The Lippo Centre also provides fine dining facilities along with its restaurant that offer many choices, mainly during conferences and other special events at the venue. The Centre is a well known as a better provider of fine collection alimentations. Moreover Lippo Centre has got a number of affiliated commercial centers and tourist hotels that lead the entire business community of the region providing access to many development deals in the country.

 

Furthermore Lippo Centre is surrounded by some premier hotels and other leading accommodation providers of the state. For instance, Ascott serviced apartments witness the world-class hospitality services that the Jakarta serviced apartments and other hotels are capable of providing to any kind of visitors throughout the year.

Establishing Your Credibility in the Business World ? Building Your Brand

There is a lot of talk in the business world about “branding.” The concept of creating a brand out of your business, or even yourself, has become the ultimate strategy in marketing and globalizing your product or service. Branding, however, cannot occur without credibility. Enhance your personal credibility, and watch your business soar. Here are some simple tips to increase your personal credibility ratings.

Walk the Talk. Always deliver, and if possible, OVER-deliver on your promises. Nothing will harm your personal credibility more than saying one thing, and then doing another. Make it your aim to lead by example, not words.
Always Keep Your Appointments. Being late for meetings (for those working from home, a scheduled phone call is considered a meeting!) or constantly rescheduling them, not calling after you promised you would, or in any other way failing to meet deadlines, is the easiest way to kill your business. People will take your lack of punctuality to mean a lack of professionalism and interest. Nobody will be willing to follow, buy from, or partner with someone who does not care enough about their business to be on time.
Don’t be a “Know-it-all”. People are not interested in doing business with someone who has all the answers. They ARE, however, very interested in the leadership of someone who is honest and willing to find new answers and solutions. If you don’t know an answer admit it, but offer to find it! Never brainstorm aloud before customers or employees, unless you are in the middle of a brainstorming session. People will often mistake your ramblings to be real proposals or responses to issues being discussed. Think before you speak.
Under Promise, and Over Deliver. If you have a new contract that you think will take you three weeks to complete, offer to deliver it in four. If the client considers four weeks to be a reasonable amount of time to complete the project, they will be highly impressed, and a lot more likely to offer you other contracts, once you deliver the completed work a week early. On the contrary, if you sing your own praises and sell yourself as the ultimate in what you do, but then run into unexpected snags, the client will more than likely think twice about hiring you, let alone referring you to others.
Know Your Limits.Don’t take on more than you can effectively do. If you already have a project that will consume all your energy and resources for the next couple of weeks, don’t take on anything else for that period of time. No one will think less of you for knowing your limits; on the contrary, they will respect you for it. If, however, you choose to overextend yourself, and deliver mediocre work, they will take that to be the true quality of your work. Give yourself the opportunity to keep all your commitments with excellence.

Web Design Ideas For The Business World

We now live in a web-based world, which has its pros and cons. The positive is that we are now more easily connected with the world than ever before. The negative is that unless a website offers something unique, it can easily be over-looked. To ensure any site maximizes exposure, some basic web design ideas will help keep individual sites in front of the masses.

It’s important to try out different options to see which rises to the top. Ensuring one has a couple of design options available, even if it appears the first one is perfect, will prevent the likelihood that others will generate a similar design which would reduce traffic. Additionally, by practicing one can often come up with new ideas that can be merged with existing concepts.

Trends have a tendency to come and go very quickly especially when it comes to web design. The style and look selected for the individual website should speak not only to the product and services offered, but should also reflect the vision presented to the public. For instance, if one is contemporary or has a punk vibe, a clean look should be reflected in the website design for the first company, but this would be totally inappropriate for those targeting a younger generation. This can be achieved by accessing libraries which contain styles that can be drawn on to achieve the perfect look.

For many, when designing their site they have a tendency to be reluctant to move things around, change colors, or rotate objects. Often the most creative minds work best when they’re turned loose. Reducing the desire to “be in control” all the time often serves designers well in that, eventually, they learn that whatever was done can be undone. Additionally, by accessing the deepest recesses of the mind, creativity is born.

It’s important to remember that the eye is drawn to visuals first so including photos and designs that draw the viewer “in” increases traffic. For instance, the simple logo on a corporate site may not say “welcome” to those visiting. Utilizing visuals to keep viewers in the site until the eye reads the most important information, however, is easier than one might think. Even dotted lines and horizontal separators invite those visiting to stay and look around.

Any design must be clean. That means every pixel needs to be reviewed to ensure sharp images appropriately spaced text, content without errors, and the like. This is called “polishing the web design”. Text should be spaced and of a size to be easily readable even for those who are viewing it with tired eyes and pages must be structured with unstructured elements thrown in to enhance interest. The web is the key to success in today’s business world and to access it incorporating web design ideas that best reflect individual needs will ensure one’s site is accessed again and again.