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Blood Extraction from Onions Paying attention to trends in the business climate as reported in our local newspapers' business sections will reveal a new paradigm in the world of business. It's strange that companies we know are doing well would suddenly lay off employees, even while the economy is doing well. Layoffs are disruptive and emotionally taxing, as any person who has gone through them will attest. Compared to other periods in our business communities' history, studies on business trends show that large-scale layoffs have occurred more frequently in the past decade. One must therefore inquire: what has prompted this change in employer conduct? This tremendous transformation in the nature of the employer-employee relationship cannot be adequately explained by monetary factors or rapid changes in the market, though these factors certainly play a role. The fundamental shift in thinking among business owners is the driving force behind this shift.   A mutually supporti...

Managing a Multinational Team for a Project As a whole, our planet is shrinking. While the world isn't shrinking in actual size, it has shrunk in many respects due to the rapidity with which information travels around the globe. Now more than ever before, you can conduct business with international trading partners without ever leaving your office, thanks to the internet, email, instant messaging, and voice over internet protocol (VOIP). The idea of a geographically isolated company is becoming irrelevant for many companies that are pioneering new business paradigms. It is totally doable to assemble a project team or business consortium with members located in different time zones and from different parts of the globe. The reality is that in the modern corporate world, decentralized administration of company projects is increasingly commonplace. Project managers need to adjust their methodology to accommodate teams that work remotely, just like those in marketing, product developme...

 Leadership through Physical Mobility A management concept that has gained a lot of "buzz" and popularity in the past decade or two is the MBWA approach. It is a component of a business model for enterprise-wide cultural transformation that has been effective for many companies.  David Packard came up with the initial idea when he was still in his early days at the Silicon Valley corporation, Hewlett-Packard. The Packards were famous for having an exceptionally devoted and creative workforce, which allowed them to attain unprecedented levels of productivity and happiness on the job. "The HP Way," of which the "management by walking around" method was a component, held that employees—and especially those with extensive knowledge in specific areas—are capable of contributing to the process of problem solving and that a collaborative effort to generate fresh ideas for businesses and innovative solutions to existing problems was much more effective than a ...

Building Wealth from the Ground Up Two paths lead to a healthier bottom line; this much is known in the business world. Making money or cutting costs are the two main options. There is no longer any way for a company to turn a profit by cutting corners. However, it's also true that any company's profits can be eaten away by waste and unnecessary internal costs. Thus, in order to succeed in a cutthroat corporate world, you need to use both approaches. When a company starts looking for ways to save money, the owners usually want to find big income leaks in their systems. This goal could be explicit or implicit. As a result, the company would essentially generate money from the ground up if those procedures were enhanced to eradicate that waste. In order to begin such a cost-cutting initiative, a company would often look for "the low hanging fruit" initially. What we mean is that middle management will look for superficial ways to save money in the hopes of appeasing upp...

 Seeking Cheese Once in a while, a business book will appear that completely changes the way people in the business world think about a certain topic. Spencer Johnson's "Who Moved My Cheese" was a humorous title for one of these books. Presented in a child-friendly style, this little book contains fundamental insights that will revolutionize the way any firm tackles the marketplace. The book has been his most influential tool for assisting laid-off workers in accepting their new position. The ideas presented in "Who Moved My Cheese" are straightforward, but they have the potential to affect almost every facet of commercial transactions. A mouse discovers that his usual cheese-finding spot is no longer trustworthy; this is the moral of the story told in the book. The mouse's companion keeps returning to the same spot in search of additional cheese, but his hunger only grows. However, our hero discovers where his cheese has moved. In addition to being amazed b...

 Relaunching in Riyadh The new century's marketplace globalization has been the subject of much discussion and writing. The boundaries between local, state, and national marketplaces are becoming increasingly blurry for businesses. Even if it's just because our competitors and consumers do, we need to consider our markets as global if we want to thrive in the modern global economy. The impact of foreign trade on the country's workforce is a topic that the media frequently covers. That is a worry, but the ancient adage that there is a solution to every problem is relevant to this new way of doing business. We may seize new forms of profitability that come with success in foreign markets if, as businesspeople, we start to view the international business community as a way to access markets and income streams that would be unthinkable in other market environments. But we have to rethink the way we structure our contracts, distribution, and sales networks if we want to break in...

 The 21st Century and Employee Retention Suaradaily.com - It is essential to take a step back and reevaluate our corporate practices in light of emerging markets and new ways of doing business that even our employees engage in, as the business paradigm in almost every modern company department has been steadily shifting over the past decade. This is just as accurate in our marketing department as it is in our HR department. Given the shifts in the supply of educated workers "out there" to meet our staffing demands, we need to rethink our recruitment strategies and the way we see employee retention, or risk seeing a significant dent in our company's bottom line. If we want to maintain our competitive edge, we need to challenge some assumptions about employee retention and the way we think about keeping personnel over the long term. The following are some quickly becoming outdated notions about staff retention: My personnel needs can be met by tapping into an endless pool ...

 Embracing IT Agility A distinct information technology (IT) department with its own management hierarchy, potentially reaching the executive suite, has been the standard paradigm for organizing a company's computer services department for decades. As time went on, the seemingly mythical degree of independence enjoyed by that primary IT function gave rise to abusive behavior and practices that made it seem as though the company existed to accommodate the IT department rather than the other way around. When a single massive mainframe computer, often manufactured by IBM, handled all of a company's computer processing, this concept was very common. For a company to thrive in the era of these megacomputers, which were both costly and intricate to program and run, it was necessary to employ a small army of computer experts, many of whom appeared to have a completely different cultural background and language from the rest of the company. Back when "big iron" was king in th...

 The Fifth Avenue of Cyberspace Almost every company in the modern era has an online presence, and it doesn't take much digging to figure out why. Now, it might mean nothing more than an online business card for certain companies, allowing potential customers to easily remember the company's phone number and physical location. Having a business in the 21st century without a website to back it up is practically unthinkable. Looking at the corporate world outside of cyberspace and the one on the internet reveals some significant distinctions. A lot of enterprises still haven't figured out how to strike a balance between their online and offline activities, even if some have mastered it (like concert ticket promoters or booksellers). However, more and more companies are realizing that cyberspace can be an integral part of their marketing strategy, bringing in customers straight from their online presence, as the internet's validity as a marketplace and business tool is inc...

Drawing in Viewers Maybe you've already done what most companies do and set up an online presence for your company to bolster your advertising campaigns. Creating a similar "place" in cyberspace to contact clients online is becoming more popular, and you've joined it. The demand for this kind of online presence is totally dictated by the market. Especially in some niches, online sales have skyrocketed, and for many consumers, the web is now the first stop when researching a product or service like yours. A beautifully designed, feature-rich, fast-loading, and engaging website may be an excellent promotional tool for your company. The primary challenge while establishing a marketing tool offline is how to attract the attention of potential customers. Therefore, we like to set up shop in areas where we can easily find people who could become our clients. Putting up a billboard in a highly trafficked area where people are on their way to work can be necessary.  You might...

 Appealing to the Youth of Today Always a problem is recruiting top-tier young talent that can join your workforce and offer the kind of long-term growth potential that can only be achieved with a clever and productive crew. Finding and hiring the most talented young people is crucial for any company that wants to maintain a positive reputation and appear to be an employer of choice. When combined with an experienced workforce, the energy and perspective of younger workers can revitalize an organization. A younger workforce is more attuned to the desires and requirements of its contemporaries. Therefore, by retaining such workers on staff, you may avoid wasting time and energy trying to estimate how to advertise to the present generation, which consists of people with disposable cash and falls between the ages of 18 and 28.  A lot of young workers are full of hope and want to make a difference in the world. Both internal morale and corporate philosophy benefit from their share...

 Chasing After Public Support Seeing how some influential and well-known companies in every town go to extraordinary lengths to win over the public's favor is shocking at first glance. The business section of the publication is present in nearly every major American town. And local news readers consider it a strength of their business acumen to be able to keep up with the happenings of the town's most successful and promising companies. As a source of knowledge and to keep an eye out for the question, "Did the business being discussed work to get this article printed about them in the paper?" Reading the business news in your local paper can be beneficial at times. In such instances, it is extremely evident that the company has made significant efforts to attract attention. In order to control their public image and win over the public, many companies use public relations and advertising experts to craft favorable news coverage. There are substantial financial reasons...

 Online Marketplaces Proliferate A well-known adage in business is that organizations will fail if they do not adapt to changing market conditions. To see this truth in action, just look at how businesses across all industries are incorporating online marketing into their more conventional forms of communication and building a "presence" on the web to complement their profiles in other places. Businesses catering to young people and those in the entertainment and arts industries have long recognized the marketing and sales potential of the internet. The incredible reach that the internet provides to target audiences is a direct result of its pervasiveness in people's homes and, more recently, on handheld devices of various kinds.   The advent of this revolutionary marketing strategy has opened the business world's eyes to new marketing paradigms and methods for increasing sales and market penetration. Consequently, a new lexicon has emerged around the phenomenon of on...

Companies Discover How to Maximize the Benefits of SEO The ability to anticipate shifts in customer demand and adapt operations accordingly is a crucial skill for every company's upper management to possess. The ability to "think with a new paradigm" or "think outside the box" are two terms that describe this skill. Whatever the buzzword is, a company will eventually go out of business if it can't adapt to the ever-changing market. Among the numerous market and business trends that have shifted the paradigm for doing business in the new century, internet marketing is among the most significant and far-reaching, requiring adaptation on the part of almost every company. Most people in business thought the internet was a cool novelty and maybe a useful tool for communication at first. The necessity of being competitive in the online economy and the impact of internet marketing have been increasingly apparent in the past decade. In the same way that companies ad...

 Every Company Has Its Own Secret Treasure There are plenty of businesses where the majority of employees speak a different language and follow a different set of regulations than the people working in information technology or computer services. Because of ingrained cultural norms about the exclusive use of technical expertise, this division is at least partially artificial and actively maintained by those working in IT. Strange as it may seem, the folks in IT really want the same thing as any other businessperson: to achieve personal and company success via collaborative efforts. However, those of us in business rely on the IT department to keep us apprised of the status of our most precious asset: our IT systems, software, and hardware. In order to achieve their daily objectives, most medium- to large-scale organizations rely on extremely powerful computers or a network of interconnected computers.   Your company's computer systems undoubtedly consume a substantial portion...