tag:blogger.com,1999:blog-38117188718287569062024-02-08T12:05:58.450-08:00Business Process ReengineeringAndre Masonhttp://www.blogger.com/profile/06065516828887031313noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-3811718871828756906.post-60979015889645019672012-01-08T19:59:00.001-08:002012-01-08T19:59:09.257-08:00Celcom malaysia corporate and company analysis<P>For a company to thrive today, strategists must find ways to increase the organization's ability to read and react to industry and market changes. <P>The companies chosen for this task vary by industry: a famous automobile manufacturer (Ford) a bank going through a merger (Compass) and a start-up software company (DawningStreams). Emphasis must be placed on their adaptability in strategic analysis and their adaptability in strategic management of business organizations. The organization must have a strategic management model.</P>DawningStreams is a software company; they will need to monitor those companies who would be their competition to ensure their product offers better functionality. Some companies are even recreating full-fledged strategic-planning groups. United Parcel Service expects to spin out a new strategy group from its marketing department, where strategic plans are now hatched. <P>Ford Motor Company – Socio-cultural</P><P>Ford Motor Company embraces the socio-cultural changes taking place to allow the company to move in the right direction with respect to attitudes in the society. Ford Motor Company will continue to use the socio-cultural factors to drive the business and enjoy future success.</P><P>Ford Motor Company – Legal –</P><P>Ford Motor Company with regard to the Environmental Protection Agency adheres to the legal aspect of environmental scanning. Ford Motor Company accepted an award in March 2007 from the Environmental Protection Agency called the Energy Star 2007 Partner of the Year Award in Energy Management. Due to the environmental scanning that takes place at Ford Motor Company the company will use the information that is collected and continue in this direction. <P>Ford Motor Company – Technology –</P><P>Another environmental scanning tool that Ford Motor Company monitors and uses would be the technological portion. The company has invested $1 billion in the latest technology for flexible manufacturing. <P>The technological changes that are being embraced by Ford Motor Company through environmental scanning enables the company to experience huge cost savings through new product launches and 50 percent reductions in cycle changeovers along with waste reduction. The environmental scanning of technology that is performed by Ford Motor Company has allowed the company to have positive outcomes in efficiency while remaining a competitive company in the industry through cost savings and continuous improvement.</P><P>Compass Bank- Political -</P><P>Compass is a $34 billion Southwestern financial holding company that operates 415 full-service banking centers in Alabama, Arizona, Colorado, Florida, New Mexico and Texas. Compass provides a broad array of products and services through three primary lines of business – Corporate Banking, Retail Banking and Wealth Management. <P>Compass Bank – Technology –</P>Some, if leveraged by a company within an industry before competitors use it, may even provide a competitive advantage.</P><P>Compass Bank – Competition –</P><P>DawningStreams - Competitors –</P><P>DawningStreams – Political -</P><P>DawningStreams - Technology/Intellectual Property –</P>The research implies that company size plays an essential part in the way senior management views security. United Parcel Service expects to spin out a new strategy group from its marketing department, where strategic plans are now hatched. Zions makes small deal, cites growing Arizona market. Ford Motor Company (2006). Ford Motor Company. Retrieved March 2007,</P>(2006). Ford implements advanced laser marking. Strategic Management: Formulation, Implementation, and Control. The McGraw-Hill Companies. Retrieved March 30, 2007 from EBSCOHost Database. Retrieved March 27, 2007 from the Bureau of Industry and Security Website at Watson, G. (2003) Business Environmental Scans for Intellectual Property Strategy (PowerPoint Presentation). Retrieved March 28, 2007 from the Oklahoma State University website at ,1,Business Environmental Scans for Intellectual Property Strategy</P>For celcom, communication is a serious business. This is why we have mainly products and service geared toward maintaining business voices. This products and services includes business prepaid plan, business supplementary plan, business post-paid plan and business satellite. A major challenge facing celcom is how to increase profit and maintain their competitive advantage in the Malaysian market. (Celcom Official Website, 2009)</P>The plan focuses on the company's growth, strategic analysis suggesting ways in which it can build on existing customer relationship and launching of the new product and/ or services targeted to specific customer niche. Our new marketing focus, made explicit in this plan, renews our vision and strategic focus on adding value to our target market segments, the small business and high-end home office users, in our local market.</P><P>2.0 BUSINESS MISSION AND VISION </P><UL><LI>To delight our customers.</LI>
(Celcom Official Website, 2009)</P><P>In business for twenty years, celcom was founded as a telecommunications service provider and has evolved into high quality telecommunications provider across the Malaysian market. Dato' Sri Jamaludin Ibrahim was appointed as director/chairman of celcom (Malaysia) berhad on 25 April 2008. (Celcom Official Website, 2009)</P><P>2.1 MARKET SUMMARY </P><P>The competition in the specialty advertising industry is very strong both on local, regional and national level, making the Celcom the market leader in Malaysia.; Following the sales strategy developed by their local rivals, celcom Malaysia has improved their competitive level, through developing many telecommunications feature, providing quality services at considerable price. <P>Basically in Malaysia, telecommunication service is not an oligopolistic business. There are many telecommunications service providers in Malaysia, ranging from local service providers to international service providers. This makes the industry a purely competitive market. Through advancing technology, they have made it difficult for small companies to enter the market, thereby, creating barrier to entry for other small companies. <P>2.1.3 BUYING POWER (CUSTOMER)</P>The customer's ideology of "quality service – less price" is still the ruling key to purchase. <P>Technology plays the most important role in this sector of the Malaysian market. Many suppliers in Malaysia are more capital oriented than service oriented. <P>Celcom currently offers the best broadband network in Malaysia. Technology is the fastest growing market trend nowadays. To maintain their position as market leader, celcom has enhanced their products technologically to keep the Malaysian telecommunications updated with ever technological advancement. <P>2.1.7 CURRENT MARKETING OBJECTIVES AND PERFORMANCE</P><P>Celcom sends personal sales representatives to market their products on potential customers and create service concepts for their business or choice of order. This enhances more customer loyalty and relationship with the company. <P>Celcom's current marketing strategy to maintain customer-company relationship with potential customer.</P><P>v; Celcom maintains a product differentiation strategy resulting from a strong market orientation, commitment to high quality, and customization of products and services.</P><P>v; Being the oldest telecommunications service provider in Malaysia, has given celcom a competitive edge and increased customer's trust and loyalty to the brand.</P>Development of a product that would provide better quality service by the competitors would probably put celcom out of business.</P>
<P>v; Celcom provides many products and services that suites different customer needs, ranging from economic, business, and family and leisure satisfaction.</P><P>v; High cost of products and service would be a competitive advantage to their rivals over customers, through implementing low cost quality products and services.</P><P>v; Celcom must modify its management hierarchy, empowering its employees through a more decentralized marketing organization.</P><P>v; Celcom should consider diversifying its product line to satisfy new market niche, as well as developing products that are seasonal to boost sale.</P><P>The main objectives of Digi are to become the main market leader in Malaysian market. <P>The main strength of Digi is the market size they occupy through their extensive marketing strategy and promotions. This has made them one of the market leaders and their service are largely demanded across the Malaysian market.</P><P>2.3.4 SIZE AND TREND OF DIGI IN THE MARKET SHARES</P><P>2.3.8 CELCOM'S COMPETITIVE ADVANTAGE</P><P>In other to maintain their current market position celcom has developed competitive measures to fight off their rivals both at the present and in the future, this ranges from delighting their customers with their numerous service features, developing greater customer relationship strategy, implementing more societal marketing schemes and supporting the government. (Celcom Official Website, 2009)</P><P>2.4 PRODUCT OFFERING </P><P>Celcom provides varieties of products and service to their customer, which is why they are presently the best in Malaysia. The products allow customers to pay their bill. A service designed for both travellers and the market in general. The distribution channel is designed in a way that it is so efficient for customers and increases potential sales for the company. <P>3.0 MARKETING STRATEGY </P><P>Celcom I in the business of keep people connected to together and helping companies to market their goods and services as well as keeping them close to their customers. <P>3.2 TARGET MARKET</P><P>3.2.1 TARGET MARKET 1</P><UL><LI>large travel agencies or holiday planners</LI></UL><P>3.2.2 Target Market 2</P><UL><LI>Niche market of business travellers</LI></UL><P>3.2.3 TARGET MARKET 3</P><LI>Direct consumer market of hand phone user.</LI></UL><P>Celcom has since its establishment, positioned itself as the number one Malaysian network in the Malaysia market. Physiologically, celcom has influenced the status of their customers, because they are considered to be financial capable by using celcom services.</P><P>By understanding the customer's needs, celcom has used its strength to fill the needs of the customers more than any other telecommunications service provider in Malaysia presently. <P>3.5 MARKETING MIX </P><P>3.5.1 PRODUCT</P><P>Celcom has developed an intangible attributes to the new products, to consistently meet or exceed customer's expectation, enhance speedy response to customers demand and attribute anticipate new customer needs. (Celcom Official Website, 2009)</P>Celcom should also be sensitive to the price elasticity of its product and overall consumer demand. (Celcom, 2009)</P>(Celcom Official Website, 2009)</P>(Celcom Official Website, 2009)</P><P>3.6 MARKET RESEARCH</P><P>Extensive market research is to be implemented to regulate customer's satisfaction, anticipate and understand customer's new need, and improve the products to either make the customers delighted or satisfied. (Celcom Official Website, 2009)</P><LI>The total budget for launching the new product, research, and customers survey will be equal to 80 percent of the annual promotional budget for the product introduction year.</LI><br />
<LI>The marketing director is responsible for adherence to the project budget and will report overages to the company president on a weekly basis. The business analysis team is responsible.</P><P>v; By February 5, finalize customer satisfaction for current customers.</P><P>v; By February 10, implement a new product offering advertisement and sample to potential customers. The business analysis team is responsible.</P>The market director is responsible.</P><P>5.2 MARKET ORGANIZATION</P><P>Because the new product requires extensive commercialisation to match customers need, it is necessary to organize the marketing function by customer groups. This will give celcom the opportunity to focus its effort on the need and specifications of each target market. Celcom marketing efforts will be organized around the following marketing groups: 1] manufacturing group, 2] business-to-business group, 3] customer satisfaction group, and 4] customer relationship group. <P>Celcom's Official Website 2009, accessed on 10 July 2009,</P>Andre Masonhttp://www.blogger.com/profile/06065516828887031313noreply@blogger.com0tag:blogger.com,1999:blog-3811718871828756906.post-33759811554564752512011-12-25T06:06:00.001-08:002011-12-25T06:06:41.275-08:00<P>Reengineering means change, usually major change involving one or more segments of the business; this is why management must be involved and supportive. The mandate of the process team must be "Challenge the Status Quo." You have a changed control, not a reengineered business process. It begins by defining the vision for the reorganized business. If the vision can't be explained succinctly and clearly to the business, then the vision is not properly developed. Change must be ingrained into the fiber of the business. This is critical to the business for continued successes and long term corporate development. Succession planning must identify the qualities and traits associated with successful change leaders to ensure the business remains agile and continuously adjusting its' model of success.</P><P>Reengineering the Business - Team Mandate</P><p><br />
A successful business turnaround requires the owner to take certain steps to become a profitable enterprise.; By taking the following actions, you can reorganize your company;and;produce positive cash flow.</P><P>6.;Carefully execute the plan.</P><P>Business owners often fail to execute their business turnaround plans.; Such plans require persistence, yet business owners sometimes grow impatient and turn back to sales instead of focusing on their cash flow and working with their creditors.; As a result, nothing will change and there will be no real recovery.</P><P>7.;Expand or sell the business.</P><P>Finally, business owners should know when to maintain the company and when to sell.; After using your business turnaround plan, the company will, ideally, become profitable. The business owner will then have learned from previous mistakes, and the company will thrive and grow.; However, the owner may simply lose interest in the business and should sell while it remains a profitable enterprise.</P></p>Andre Masonhttp://www.blogger.com/profile/06065516828887031313noreply@blogger.com0tag:blogger.com,1999:blog-3811718871828756906.post-75911441437967248672011-12-23T12:01:00.001-08:002011-12-23T12:01:50.499-08:007 Suggestions for Creating Business enterprise Systems<img border="0" src="=http://www.ibm.com/developerworks/ibm/library/i-odoebp7/TBSMandTEC.gif;" width="250" style="float:left;margin-left: 1em; margin-right: 1em;" alt="Kaizen Alternatives: Options of Business Process Optimization "" title="Kaizen Alternatives: Options of Business Process Optimization" />If it is applied carefully, companies can generate more profit by removing additional unnecessary work, eliminating waste and introducing new value-added activities. <P>The kanban system is the first Kaizen alternative. This ensures proper control of workflow and an effective quality control of products. With kanban, the company can utilize the maximum resources of employees by helping them to achieve maximum output. It targets mainly on the departments of organizations, the place where major business processes are undertaken. After visualizing the operations, BPR creates strategies. <P>Modular Functional Deployment (MFD) is the third category of Kaizen alternative. <P>Kaizen Alternatives: Options of Business Process Optimization</P><p><br />
Can employees take time off without causing routine business activities to come to a halt?------------------------------------------------Take Time to Do a Little "Task Triage"------------------------------------------------Look at each of the applicable areas of your business, such as:. Project management. Production management. Information technology. Quality assurance. Marketing/sales. Customer support. Observing a repeatable pattern for performing work can take time. Even if your business has operated for a while, new activities will inevitably emerge. The expert can help fine-tune the resulting procedures, which would all become part of the company's information library.4. If you are able to automate procedures, consider using electronic support systems.5. What types of documentation should you produce?-- Systems, at the highest level, represent collections of related processes.-- Processes, depicted as diagrams or process maps, provide overviews of tasks that transform inputs into outputs by adding value during each task step.-- Procedures cover the step-by-step, "how-to" details for performing task steps. Procedures might appear in training materials, job aids, and work instructions. Your time is valuable, so your goal should be to spend time on the activities that will contribute most to your company's profitability. In conclusion, systematizing your business may seem like an overwhelming effort.Andre Masonhttp://www.blogger.com/profile/06065516828887031313noreply@blogger.com0tag:blogger.com,1999:blog-3811718871828756906.post-81603590330096820702011-12-21T19:03:00.001-08:002011-12-21T19:03:51.457-08:00Supply Chain Small business Approach Integration<img border="0" src="=http://dalberg.com/blog/wp-content/uploads/2011/08/Peru-2010-067.jpg;" width="250" style="float:left;margin-left: 1em; margin-right: 1em;" alt="So You Want to Start a Business? "" title="So You Want to Start a Business?" /><P>Ask yourself if people will part with their hard earned cash for your service/product as without money coming into the business you will not stay in business long. Supply chain business process integration involves collaborative work between buyers and suppliers, joint product development, common systems and shared information. The key supply chain processes stated by Lambert (2004) are:• Customer relationship management • Customer service management • Demand management • Order fulfillment • Manufacturing flow management • Supplier relationship management • Product development and commercialization • Returns management One could suggest other key critical supply business processes combining these processes stated by Lambert such as:a. Customer service management b. Procurement c. Product development and commercialization d. Manufacturing flow management/support e. Physical distribution f. Outsourcing/partnerships g. Performance measurement a) Customer service management process Customer Relationship Management concerns the relationship between the organization and its customers.Customer service provides the source of customer information. According to Lambert and Cooper (2000), managers of the product development and commercialization process must:1. coordinate with customer relationship management to identify customer-articulated needs; 2. develop production technology in manufacturing flow to manufacture and integrate into the best supply chain flow for the product/market combination. Customer Service 3. External performance measurement is examined through customer perception measures and "best practice" benchmarking, and includes 1) customer perception measurement, and 2) best practice benchmarking.Components of supply chain management are 1. Customisation[edit] Supply chain management components integrationThe management components of SCMThe SCM management components are the third element of the four-square circulation framework. Consequently, adding more management components or increasing the level of each component can increase the level of integration of the business process link. The literature on business process reengineering,[4] buyer-supplier relationships,[5] and SCM[6] suggests various possible components that must receive managerial attention when managing supply relationships. A primary level channel participant is a business that is willing to participate in the inventory ownership responsibility or assume other aspects financial risk, thus including primary level components (Bowersox and Closs, 1996). A secondary level participant (specialized), is a business that participates in channel relationships by performing essential services for primary participants, thus including secondary level components, which are supporting the primary ones. For customer service management: Includes the primary level component of customer relationship management, and secondary level components such as benchmarking and order fulfillment. 2. For product development and commercialization: Includes the primary level component of Product Data Management (PDM), and secondary level components such as market share, customer satisfaction, profit margins, and returns to stakeholders. 3. For physical distribution, Manufacturing support and Procurement: Includes the primary level component of enterprise resource planning (ERP), with secondary level components such as warehouse management, material management, manufacturing planning, personnel management, and postponement (order management). 4. For performance measurement: This includes the primary level component of logistics performance measurement, which is correlated with the information flow facility structure within the organization. Often if the inventory does not sell, the vendor (supplier) will repurchase the product from the buyer (retailer).Andre Masonhttp://www.blogger.com/profile/06065516828887031313noreply@blogger.com0tag:blogger.com,1999:blog-3811718871828756906.post-57795610048937718462011-12-19T05:11:00.001-08:002011-12-19T05:11:39.662-08:00Why we want Small business procedure reengineering?<img border="0" src="=http://www.emeraldinsight.com/content_images/fig/3300120601002.png;" width="250" style="float:left;margin-left: 1em; margin-right: 1em;" alt="Build Your Own Business Stimulus Plan "" title="Build Your Own Business Stimulus Plan" /><P>27 percent of businesses are streamlining product or service offerings 34 percent are reengineering processes 37 percent are improving products, services or customer support.</P><P>Stimulus Plan Step 1-Simplify</P><P>Every business collects clutter over the years in offices, factory floors, inventory, product or service lines. <P>Stimulus Plan Step 2-Streamline</P><P>Pushing products or services on customers results in excess inventory, both finished goods and raw materials. Pull companies only make the product or deliver the service when the customer requests it. <P>Opportunity: Companies that reduce cycle times by eliminating delay grow three times faster than their competition.</P><P>The business that employees the economies of speed by reducing delays will garner more customers and more profits than their competition. Encourage employees to start streamlining their process today.</P><P>Stimulus Plan Step 3-Optimize</P><P>Every business makes mistakes. Every product or service process varies slightly. <P>Eliminating defects is easy: Count the number of mistakes, errors or defects in a process (e.g., order errors, product defects, billing errors, etc.)</P><P>Too many businesses get caught up in blaming employees for mistakes. Systems and processes let employees make mistakes. <P>Employee Stimulus Plan</P><P>Build Your Own Business Stimulus Plan</P><p><br />
After BPR, the company returned to short run gainfulness by sacrificing its internal product capacity to create new products.</P>Andre Masonhttp://www.blogger.com/profile/06065516828887031313noreply@blogger.com0tag:blogger.com,1999:blog-3811718871828756906.post-15392855079247687032011-12-15T23:47:00.001-08:002011-12-15T23:47:49.946-08:00Why Pricing is Hassle-free When You Have a Home business Method<P>Be realistic and honest with yourself, if your business idea does not seem to be in demand think of another plan. If there are numerous businesses all offering the same service/product then what makes yours so different? <P>Ask yourself if people will part with their hard earned cash for your service/product as without money coming into the business you will not stay in business long. If you are planning on opening a guesthouse for instance then it will not work if you do not like people very much! <P>So You Want to Start a Business?</P><p><br />
<P>Having a firm grasp of your business strategy makes it clear if your product or service is considered premium compared to those that are similar, or if it's a price leader (low cost as a result of internal process efficiency, NOT discounting, which is an unsustainable business practice).; Your business strategy makes it clear how and why your product or service is different, better, or cheaper.; Having this information allows you to provide your customers reasons and evidence for why your pricing is as such.; For example, you would not discount a premium product or service without first removing some value from your offer.; Alternatively if you are an industry price leader in a general market you may provide significant volume discounts, because that's what price sensitive customers would expect.; And here is another important piece of a business strategy: Knowing who your customers are, or should be.; In other words, knowing your target market.</P><P>Knowing your customers and target market will help you significantly in developing a solid pricing strategy.; It is very important that this part of the business strategy is also communicated to and understood by everyone in the organization, from senior executives, to sales, marketing, customer service, operations, and so on to ensure consistency in your message to your intended target market - and pricing is part of that message.; Knowing the business strategy empowers salespeople to make pricing decisions on their own, significantly reducing the time spent discussing pricing in meetings and therefore increasing efficiency in the sales department.</P></p>Andre Masonhttp://www.blogger.com/profile/06065516828887031313noreply@blogger.com0tag:blogger.com,1999:blog-3811718871828756906.post-85398569747976156372011-12-13T05:17:00.001-08:002011-12-13T05:17:41.357-08:00Advantages of ERP Implementation in Company<img border="0" src="=http://gbeaubouef.files.wordpress.com/2010/12/pros-and-cons-of-erp.jpg;" width="250" style="float:left;margin-left: 1em; margin-right: 1em;" alt="Business Process Management 101: BPM Defined "" title="Business Process Management 101: BPM Defined" /><P>Lean enterprise and business process improvement, business optimization, cost cutting TQM, quality, Six Sigma, business reengineering and other such-like initiatives, falls within the cadre of business process management.</P>A deliberate attempt and approach or business management strategy, taking proactive, co-creative, data-driven, statistical and scientific method, troubleshooting and problem-solving into the business arena, optimizing efficiencies, minimizing waste and the organizations who choose to pursue it, to new heights of performance excellence and positive business results, growing profit and world-class breakthrough!</P><P>Business process management is often seen as all organizational activities that deal with optimizing or adapting these processes, as changing situations and business needs dictate. <P>The Principles of Business Process Management (BPM) and Business Process Improvement (BPI), is well known. <P>Business Process Management 101: BPM Defined</P><p><br />
The current business scenario has warranted the utility of various state-of-the-art systems such as ERP Implementation, Business Intelligence, Database Administration, etc. The key behind a successful ERP system and its implementation is the choice of a credible and experienced ERP Implementation consultant. ERP Implementation involves a series of calculated steps which start with Business Process Reengineering, then moves on to Process Flow Definition and Understanding, Functional Process Mapping and ends with process definitions within the business units and authority definitions.</P><P>An astutely carried out ERP Implementation will do wonders to the efficiency of your business by simplifying processes and disentangling complex authority structures. Idhasoft, a leading and solutions provider has years of credible experience in ERP Implementation, Business Intelligence, Database Administration, managed support and other services.Andre Masonhttp://www.blogger.com/profile/06065516828887031313noreply@blogger.com1tag:blogger.com,1999:blog-3811718871828756906.post-30697633876075072592011-12-12T03:32:00.001-08:002011-12-12T03:32:43.950-08:00Rosy Business enterprise 5 Top Secrets To A Productive Business<img border="0" src="=http://static8.businessinsider.com/image/4e5d636a69beddbc1200000c-400-300/bank-of-america-boat.jpg;" width="250" style="float:left;margin-left: 1em; margin-right: 1em;" alt="20 Small Business Survival Strategies "" title="20 Small Business Survival Strategies" />If you invest a lot in equipment and are incurring high business equipment taxes Explore states with business-friendly tax codes. Business losses and write-offs may also result in your business qualifying for various tax breaks and deductions. <P>20 Small Business Survival Strategies</P><p><br />
Much has been written about the attainment of rosy status for businesses, however many business related personnel have never heard the business management consultants phrase of rosy business.</P><P>Typically in relation to business development, business consultancy firms and many an individual business consultant suggest that a rosy business generally finds itself positioned very firmly at the financial tipping point.</P><P>Most businesses blocked at the tipping point generally seek outsourced consultancy expertise to drive their business into exponential business growth.</P>Rosy business top 5 secrets to a successful business outlines this concept.</P><P>Many small and medium business enterprises today have an opportunity of working with large global business corporations which select their suppliers and business partners based on various business parameters which reflect the true picture of the business.</P><P>A large number of business organizations engage the services of business management consultants for strategic business consultancy improvement initiatives and also get their management teams to go through different business training courses to ensure their teams remain well updated.</P><P>Rosy Business Top 5 Secrets To A Successful Business #1 Business Vision</P><P>Most business consultancy firms and business management consultants suggest that without a business vision it is unlikely that the business would have achieved rosy status in the first place.</P><P>Irrespective of the prior business vision, it is wise to understand that if you have contracted an outsourced business consultant because you find your business is blocked at the financial tipping point, then you need proven business development and successful business management skills.</P><P>Rosy Business Top 5 Secrets To A Successful Business #2 Business Growth</P><P>Not every business consultant is skilled in achieving business growth and the successful business management skills required to manage that growth.</P><P>Many professional business management consultants advocate that every member of the business team attend business training courses directly related to the business growth strategies planned for the business.</P><P>Rosy Business Top 5 Secrets To A Successful Business #3 Business Development</P><P>Business consultancy firms and business management consultants understand the difficulties of business development and the subsequent issues involved in successful business management.</P><P>Every business consultant providing business development consultancy knows that one of the most difficult aspects of taking a rosy business into a truly successful business is the change factor.</P><P>Rosy Business Top 5 Secrets To A Successful Business #4 Business Training Courses</P><P>Many business owners wince when business consultancy firms or business management consultants recommend business training courses. A number of small to medium business managing directors feel there is no need for business training courses, because they have personally never attended any business related training programmes themselves.</P>Consultancy may map out your strategic business growth plan, but without providing professional industry specific business training courses they may be unable to provide ongoing successful business management.</P><P>Rosy Business Top 5 Secrets To A Successful Business #5 Successful Business Management</P><P>It's a fact that it is no use outsourcing the best business consultancy firms or contracting the finest business management consultants who deliver the most professional business training courses to kick start your business development if your business does not retain a proven business consultant to implement successful business management strategies to ensure long term sustainable business growth.</P>Andre Masonhttp://www.blogger.com/profile/06065516828887031313noreply@blogger.com0tag:blogger.com,1999:blog-3811718871828756906.post-59535978288275045712011-12-10T02:02:00.001-08:002011-12-10T02:02:48.965-08:00Small business Method REENGINERRING (BPR)-AN OPTIMIZATION TOOL<img border="0" src="=http://img.docstoccdn.com/thumb/orig/20816278.png;" width="250" style="float:left;margin-left: 1em; margin-right: 1em;" alt="McDonalds Business Analysis "" title="McDonalds Business Analysis" />How can we define the company's strengths? For instance financial resources, image, market leadership and buyer supplier relations etc McDonalds is the no: 1 fast food chain stores with a 40 million customers visiting it per day. Delivery speed, customer care and cleanliness are the core strengths on which these stores expanded. McDonalds marketing strategy is concerned with the internal resources, external environment and its basic competencies along with its share holders.</P><P>McDonald's product value is also its greatest strengths. To analyze this factor we have to look at the weaknesses part of the companies business and marketing strategy. What can generally be termed as a weakness of a company? <P>Customer trends change and so does their choices. <P>The secret of any marketing strategy is to reach the target audience. Demographics and customer financial and psychological aspects define a business concerns success. All the above factors point out the external strengths and weaknesses. There are also internal factors which affect the performance and overall benefits the company stands to enjoy. Kids based marketing strategy which was earlier a weakness has changed since 2003. Now more teenagers and adults rule the McDonalds ad world. Our customers have changed. <P>Now let us analyze the sustainable competitive advantage of the company. What is sustainable competitive advantage? SCA is the advantage a company has which is difficult or impossible for other companies to possess or break through. It can either be the brand, dynamic customer care, cost structure or its patent. McDonalds is presently concentrating on this advantage by concentrating on organizational behavior and managerial expertise. <P>o Technological, structural and financial assets of a company are excellent market position which helps in the SCA. McDonalds no doubt is abundant with such aspects like structure, technology and finance. The vision was to provide quick service, cheap products and quality satisfaction. Outsourcing boom or doom in today's business environment</P>General advantages of outsourcing are cheap service, knowledge of markets offshore, flexible resources, speedy operations, expansion in supplier relationship etc. most of all the company can concentrate on its core competencies and outsource rest of its operation. What makes it still strong and ranked among the top business concerns is its core competences and the sustainable competitive advantages both internal and external. The distribution system brings the product or service to the place where in can best fill customer needs. The old concept of marketing focused on the firms existing products and considered marketing to consist of selling and promotion to maximize sales at a profit. <P>McDonalds Business Analysis</P><p><br />
Process signifies sys­tematic, sequential, and logical series of activities directed at obtaining a pre­determined outcome in an effective manner. Hammer and Champy define business process reengineering as the fundamen­tal rethinking and radical redesign of business processes to achieve dramatic improvement in critical, contemporary measures of performance such as cost, quality, service and speed.</P><P>Business Process Reengineering challenges the basic assumptions on which the organizations have been built (hierarchy, specialization, functional; com­mand and control culture, etc.). It firmly discriminating focus on the business pro­cess. <P>Teller's System: The banks introduced teller's system to simplify the money-withdrawal process from the savings bank by the depositors. It has greatly improved the cus­tomer's satisfaction and bank image.</P><br />
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The machine supplies the needed money to the depos­itor. <P>The business process reengineering effort seeks to change process structure by empowering motivated front-line workers to make decisions by providing ac­cess to relevant information.Andre Masonhttp://www.blogger.com/profile/06065516828887031313noreply@blogger.com1tag:blogger.com,1999:blog-3811718871828756906.post-39657296269851462462011-11-30T03:01:00.001-08:002011-11-30T03:01:09.313-08:0020 Organization Survival Stragies for difficult economic occasions<P>Is there room for business failure? Failing as a business manager is not a one day event. This means that you need to know where the business is going or otherwise the business vision. <P>Dealing With Business Failure</P><p><br />
The definition of a small business will obviously vary by industry and, more importantly, it may depend on the business owner’s personal assessment. Regardless, you can find out the classification of your business as defined by the Small Business Association (SBA) by going to www.sba.gov20 Business Survival Strategies1. Schedule Weekly Budget Meetings. Are the employees (especially Senior Managers) objectives aligned with company goals (i.e. increase sales, reduce expenses, improve customer service)? Even taking an extra 5 days per month on a base of business valued at $1 million annually can earn your business extra interest of over $3,000, after taxes. That’s real money!</P><br />
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If you are on a weekly payroll cycle, consider moving to bi-weekly. If you are paying bi-weekly, consider moving to semi-monthly (15th and 30th). You can reduce payroll processing costs which can be significant especially if you have a fairly large employee base.</P>Discuss things like…putting extra cash in Money Market accounts, CD’s etc. See if you can move your operating account to an interest bearing checking account. Pay bills electronically and offer direct deposit for your employees to reduce any check writing fees. Trim your travel budget (if you still have one). Renegotiate contracts. Take advantage of the economic downturn. Tax strategies. If you invest a lot in equipment and are incurring high business equipment taxes Explore states with business-friendly tax codes. Business losses and write-offs may also result in your business qualifying for various tax breaks and deductions. Budget for “reserves”. Incorporating the “reserve” account as an “expense” item is simply good business policy.</P>If you haven’t spoken to your Insurance Rep in a while, now would be a good time. Incentivize your employees when they discover these errors. For example, if they recover monies, split it with them. Again, get ideas from your employees.</P>People remember this stuff. Those people are potential customers or good referral sources. Even if you are a “Mom and Pop” type businesses, consider paying one of your tech savvy employees 15 or 20 cents extra a week to post updates and monitor these sites for you if you do not have the “know how.”</P>Part-time and Independent Contractors. Finally…be honest with employees. If you do have to resort to laying them off, they will understand even if it hurts.Andre Masonhttp://www.blogger.com/profile/06065516828887031313noreply@blogger.com0tag:blogger.com,1999:blog-3811718871828756906.post-15107906809478327842011-11-18T23:57:00.001-08:002011-11-18T23:57:51.772-08:00The Impact of Values in a Cross Cultural Business Context<img border="0" src="http://ezinearticles.com/%3Fcache%3Dhttp%253A%252F%252Fwww.gravatar.com%252Favatar%252F70eecec6b764688d4557e2008f6465a5%253Fd%253D404%2526size%253D50%2526r%253Dg" width="250" style="float:left;margin-left: 1em; margin-right: 1em;" alt="The Impact of Values in a Cross Cultural Business Context "" title="The Impact of Values in a Cross Cultural Business Context" /><br />
<P>Formalizing and spreading the corporate culture is a precondition to cope with environment turbulences.</P><P>Corporate culture and corporate project.</P><P>Corporate culture comprises values, beliefs, hypotheses, experiences, taboos, heroes and of course the history of any given organization. A corporate project is a sort of charter which content is shared by the majority of the workers and groups and that controls the way they interact with each other and with third parts outside the organization. Built on the Cultural Identity of the organization, it is defined as getting "the response of the organization towards the environment complexity and turbulence".</P><P>Four essential parts constitute the corporate project:</P><P>The assigned objectives of the business, <BR>The robust main values its members share and rely on to accomplish the goals, <BR>The appropriate policy which is to be implemented, <BR>The challenges.</P><P>The corporate culture, on a regular basis adapted to the changes of the atmosphere by the Top-Management contributes significantly to employee motivation and therefore turns companies into consumer focused organizations (ISO 9000 Standards, Enterprise Process Reengineering, New Details Technology, strategy organizing...).</P><P>Crucial aspects are the continuous assessment of the level of motivation and expertise on the basis of systematic employee audits, training, and improvement of managerial and leadership competencies.</P><P>So the kind of data needed, how it circulates, and what information is shared with whom, commonly reflect cultural values, beliefs, hypotheses for hierarchy, formalization, and level of participation.</P><P>Organizations procedure facts in order to communicate plans, budgets, rules, procedures, instructions and to coordinate across their structures and units to make activities function and to get assigned objectives reached. The Leading Management receives in return the feed-back by the indicates of reporting procedures.</P><P>Informal Culture and Atmosphere Alterations</P><P>It takes place that organizations are perceived as social systems based on relationships, so facts may not be simply shared because it is regarded as as personal, not public it circulates by way of individual connections. According to an interviewed manager belonging to those compartmentalised corporations that are tightly structured as properly as vertically than horizontally, "Information which is widely distributed is useless". Fortunately for them, thanks to the advent of the new facts technologies and the progress in management strategies, the majority of them had to elaborate corporate projects on the basis of cultural diagnoses stressing the robust shared values leading to participative and effective management this was a precondition to implemented High quality Management Program in accordance with ISO 9001 normal (stressing the significance of communication) and Information Systems. Managers belonging to those compartmentalised organisations who haven't undertaken any cultural and managerial modifications kept encouraging information and facts as a source of energy, and consequently not conveniently created readily available to the concerned actors.</P><P>That is why informal communication assumed consider¬able significance in those organisations, with a negative impact on the assigned strategic objectives. A survey in an financial magazine discovered that data was far more most likely obtained from rumours than from one's immediate boss.</P><P>Informal communication had been compensating for the centralized, formalized, and limited participative nature of info flows.</P><P>To day that we are witnessing the development of new behaviours, attitudes and methods of running corporations, managers are less tolerant of uncertainty, spend extremely attention to formalised structure (defining responsibilities and authorities) and hierarchy and do insist on a communication method. Communication patterns are a lot significantly more open but formalised in detailed communication plans, including internal and external communication. Given their view of organizations as instrumental rather than socio-political, their respective policies aim to shared and comprehensive informa¬tion with every person who has an interest in it. Details is organised to be put to use its value is instrumental, not social.</P><P>This modify is due to the revolution in computing and communication that has induced a technological progress and use of information technology, so let's bet that it will continue at a rapid pace.</P><P>For countless years, scholars in organizational behaviour have attempted to demonstrate the link in between an organization's culture and its performance. It has been argued that the achievement of an organization's technique depends, to a significant extent, on the culture of the organization.</P><P>One standard factor that drastically influences several of the organizational aspects that boost performance and boost productivity is the widely shared and strongly held values that underlie and define an organization's culture.</P><P>Japanese Managers facilitate communication at all levels both within and outside the organization. The adaptability of Japanese companies (due to their ancestral culture) is sometimes attributed to this cross-boundary, open flow of details. By canalising the informal exchange of details, and practicing the "Good quality Management Circles", Japanese firms can create and leverage knowledge and produce the concept of "ongoing improvement".</P><P>Most of the successful corporations assign a high priority to recognizing individual efficiency and promoting the systematic development of their workers. For many years they have employed a leadership dialogue for this purpose, which permits personnel to anonymously assess the leadership skills of their supervisors and subsequently engage in a constructive dialog.</P><P>Managers with the personality to motivate a team of staff are a important factor in the success of any given provider. The company makes use of a range of tools and methods to identify and foster the potential of future managers. A code of teamwork and leadership defines the framework within which managers should really operate and gives them clear guidelines for decision-generating. The "Management Competencies Assessment" serves to promote professional development.</P><P>Cross-cultural communication</P><P>Throughout the last decades there has been an escalating interest in the impact of culture differences on development and use of details and communication technologies. The globe has moved towards global markets with interactions in between members of several cultures. In reality, global activities are facilitated and supported to a big extent by present communications and info technologies. So it is crucial to comprehend the impact of cultural differences on these activities.</P><P>The preconditions to powerful cross-cultural communication are analysis and comprehension of what characterizes every of the interlocutors' own culture and adjust one's arguments and behaviour appropriately it is significant that many people have a concise thought on the cultural values according to diverse aspects.</P><P>There can be communication only when six elements interact: the transmitter, the receiver(s), the message, the linguistic code, the channel and the cultural referent. Most of us recognize particularly commonly that when there is a situation of cross cultural communication, communication is altered for the reason that the interlocutors neither share the same linguistic code nor possess the similar cultural referent.</P><P></P>Andre Masonhttp://www.blogger.com/profile/06065516828887031313noreply@blogger.com0tag:blogger.com,1999:blog-3811718871828756906.post-6339171084708316422011-11-16T09:42:00.001-08:002011-11-16T09:42:57.110-08:00Business Turnaround: An Overview of How to Best Enhance Your Company’s Finances<img border="0" src="http://calladvantagenow.com/uploads/images/web-smart.jpg" width="250" style="float:left;margin-left: 1em; margin-right: 1em;" alt="Business Turnaround: An Overview of How to Best Enhance Your Company’s Finances "" title="Business Turnaround: An Overview of How to Best Enhance Your Company’s Finances" /><br />
<P>A prosperous home business turnaround requires the owner to take particular steps to become a lucrative enterprise.  By taking the following actions, you can reorganize your corporation and produce positive cash flow.</P><P> 1. Great decision creating requires a stable environment.</P><P>In order to transform your company into a even more lucrative enterprise and accomplish a company turnaround, you must take action and stabilize the circumstance.  In doing so, you will have the opportunity to make very good choices that benefit your firm.  It is important that you develop and then maintain a positive cash balance otherwise, your home business can fall into significant debt from which it will never ever recover.  This kind of money management will keep your small business alive as you make decisions that influence your provider in the short and lengthy term. </P><P>2. Discover the root cause of your company’s concerns.</P><P>You will not achieve a organization turnaround without identifying and then repairing the challenges your provider faces.  You should cautiously study why your home business has monetary problems and use comparative economic analysis when generating this determination.  It may perhaps be your expenses are too excessive when compared to income.  Possibly an unexpected competitor has taken some of your sales. </P>Andre Masonhttp://www.blogger.com/profile/06065516828887031313noreply@blogger.com0