...Santos BAMM303 Business Trends & Implications Specialization -This trend specialization is a method of production where a business or area focuses on the production of a limited scope of products or services in order to gain greater degrees of productive efficiency within the entire system of businesses or areas. It increased demand for technical skills in order to make information technology available to more users and solve more business problems. This requires skills in identifying user and consumer problems and translating these needs into technology solutions. And by this specialization the communication also increased simply because we all know in business, reputation and credibility need to be built up in order to get clients' trust and confidence. Having a sense of professionalism will bring a lot to the business, especially in a long term relationship with employees and clients. Methodology & Franchises -This trend helps the company to work faster. It reduces middle management this means that it provides information that organizations need to improve efficiency and effectiveness of decision making. It increased data sharing and analysis by the top management. Computer support for rules. And lastly re-engineering. Mergers -This trend acquiring firm may seek to eliminate a competitor; to increase its efficiency; to diversify its products, services, and markets; or to reduce its taxes. Decentralization & Small Business -This trend redistributes...
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...Business Communication Trends Megan Arguello XCOM/285 July 7th, 2013 Ms. Laurenzi Business Communication Trends Business communication is important in my day-to-day work activities. I use communication every day by helping customers find the products they need as well as interesting them in new products. Communication trends have changed since I first started working but they continue to improve the workplace. At my job I am required to help customers not only find what they need, but also to suggest products that they might be interested in. I communicate with them by speaking and showing them how the products work. Sometimes this requires a lot of demonstration while other times it just requires explaining the product. Flyers and posters are another way I communicate with customers. My job would not be manageable if I was not able to communicate with my customers. Currently we do not offer products online because we are a small business that relies on people coming into the store to purchase our products. However, we are in the process of creating a Facebook page that would allow customers to see what the discounts are at the store and what time the store opens and closes. This will allow customers to see what products we have as well as send messages about what they would like us to start carrying. The business will be able to show customers what is available in the store and why they should come in. This trend will allow the business to expand its merchandise and offer customers...
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...Trends in Business Communication | | Trends in Business Communication Communication is vital to the success of any business. Miscommunication can lead to complications and loss of profits. It is important that all employees and managers remain well informed about their task; goals of a business. Proper communication can increase team moral, organization, and efficiency. There are ten trends that affect a business. These trends include, but are not limited to, “technology changes, including information overload and data security versus privacy; a focus on quality and customers’ needs; entrepreneurship; teamwork; diversity; globalization and outsourcing; legal and ethical concerns; balancing work and family; job flexibility; and the rapid rate of change.”(Locker, Kitty O Kienzler, Donna S 2008) Technology is ever changing and advancing at a rapid rate in today’s world. It is almost like every time a person turns around, there is a more advanced version of the product that they bought. One example is cell phones. Cell phones can now do almost everything a computer can, and sometimes even more. For example, the new Apple I-phone allows people to see each other in real time. This type of portable technology can be used to have a face to face meeting with a client...
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...Business Communication Trends By: Karl Martin Redmon Instructor: Vince Catalfamo September 2, 2012 Rapidly advancing technologies are already dramatically changing business communication trends and further innovations are taking place to cope up with the complexities of future business communications in a global economy. • The buzz word that is currently doing the rounds of Information Technology industry is 'technology-driven transformation'. Businesses interpret this as using the technology to redefine the services that they can offer at lower costs, which would increase the revenues and boost the profits. As the scope of the Internet is getting widened day by day as a technology platform, it has been occupied by an ever-growing number of application tools. These tools facilitate deriving the most from the Net and business communication trends. It is a fact that continually advancing technology is bringing about dramatic changes in business communication trends the world over. The day may not be far off when business communications will be done in a paperless manner favoring green technology. During the last decade alone, tremendous technological advancements have taken place to provide a new direction to business communication trends – be it voice communications or data transfer. It is only to be expected that during the ensuing decade, business communication facility will receive further thrusts and will witness major innovations across many...
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...Business Communication Trends Michelle Gordon XCOM/285 August 11, 2013 Shannon Owens Business Communication Trends The definition of business communication is the sharing of information between people within an enterprise that is performed for the commercial benefit of the organization. In addition, business communication can also refer to how a company shares information to promote its product or services to potential consumers. (WebFinance, 2013) Communication plays a critical role in student’s on-line day to day activities. A on-line student has to be flexible to balance school and family. Some of the flexibility options allow you to work anytime and anywhere. You are able to make your own schedule and incorporate it into your daily routine. The University of Phoenix requires you to participate four days a week. This means you have to log into your student portal at least four days and participate in class discussions and weekly discussion questions. If for some reason you could not participate you are required to check in with your instructor. Checking in will ensure you will not be dropped from your class. An on-line student is capable of meeting personal needs because you are able to go to school from anywhere. All you need is an Internet connection and a computer. You can take your on-line classes on vacation with you if needed. You can juggle so many personal tasks as an on-line student. For example, if you have a doctor’s appointment and need to answer some...
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...XCOM/285 Business Communication Trends Michael Miller June 4, 2013 David Premo It has been said that effective communication is the success to having long lasting relationships. I truly believe the same applies to sustaining a healthy business as well. We communicate in every area of our life; whether it’s through text messaging, email, phone call or even Skype. Communication plays a major role in my day to day activities for work. I have to stay in constant communication with the customer, testing team, the packagers, and even the vendor. I’m a Systems Engineer by title but I’m responsible for different entities getting their software in order to successfully do their mission. It’s constant coordination with all parties to make sure that we exceed the customer’s expectations. Sometimes emails can only go so far, it may require some actual face time. It’s good to do that because you give the customer a sense that you do care about what it is that they want and you also build trust with them. You have to find a healthy balance between the different entities that you have in order to stay on top of everything. Not all entities are the same so you have to be constantly engaged as to what is going on with each particular entity. If a specific deliverable is giving one entity issues you have to be aware of this because in the future another entity may be requesting that same deliverable and you will already be aware as to what you can do to mitigate the risk. The trends that...
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...Business Communication Trends Life will not come to a halt for anybody. In fact, life is changing faster than one can even imagine. The main thing changing right along with life is technology. Going paperless and going green seems to be how most businesses are functioning in today’s society. Even the time zone differences do not stand in the way of productivity in any work environment. Large and small organizations are doing what is necessary to be successful in communication because without it, the organization will easily diminish. With today’s advancement in technology, business communication trends are rapidly changing. Role Business Communication Plays According to Kienzler & Locker (2008), electronic tools such as portable media players, personal digital assistants, and telepresence are new forms of technology that provides instant communication as well as increase productivity and save money. Being able to communicate across the world is what this type of communication provide for successful business owner. Other technology forms such as fax and e-mail are major players in every day communication. Scanning faxes into e-mail cures hard copies scattered about one’s desk. The simple click of a button provides simplicity yet aides in providing security in business communication. Video conferencing or telepresence provides communication in the form of video. A major amount of businesses today provide this form of business communication. Businesses that have locations...
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...Business Communication Trends Business communications is a critical element required for a business to be successful. Businesses that choose to operate without open lines of communication are setting themselves up for failure. Making mistakes, lack of productivity, goodwill or legal concerns are just some of downfalls of unsuccessful operations (Locker & Kienzler, 2008, pg. 8.) Business communication must continually progress to keep up with advances in technology. Communication plays an important role within the workplace both internally and externally. Internal communication involves interaction between associates and management. External communication provides interactions with customers, vendors, community organization, and investors. Understanding day-to-day communication in the business world, time management, trends and results from these trends will help guide businesses additional tools for success. Understanding day-to-day operations; businesses must communicate with all internal and external participants. Reputable managers interact with associates. Businesses interact with customers, community organizations, and investors. Successful communication within a business offers associates a chance to understand tasks assigned and how to anticipate. For any business, communication practices enhance success by the associate, builds up consumer satisfaction and revenue. Successful communication occurs only if the associates...
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...how tiring and tedious it is to analyze business transactions and operations with hundreds of spreadsheet at your desk. You might finish it one to two weeks and find out at the end that you miss something and go again all over the documents. It’s terrible right? In this nature of job, you might be filing a resignation letter a week after because of irritation. Human errors are commonly observed on this. And imagine how long will the company need to wait before a business transactions and operations be summarized for study. With the advancement made in technology almost everything now is in the tip of our fingers. Processing hundreds, thousands or millions of data will no longer take a week but a minute to process for analysis. In this innovation of information technology it give a big impact to society; particularly to business sector that in the past try but now emerge IT to its day to day operation to gain efficiency and better service. As mentioned in the writings of Irmhild van Halen entitled Introduction to Planning and Implementing Information Technology in Small and Growing Businesses, he states that although the introduction of IT has not been a priority for entrepreneurial company in the past, now IT is no longer an option but increasingly sees as a key to the survival of new businesses and critical to the successful growth of entrepreneurial ventures. Information technology is now aligned to most area of the business not only to provide a central system that...
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...Trend Article Analysis University of Phoenix – MGT373 Jennifer Choy August 21, 2011 In this day and age there are millions of trends that are present in almost every industry. In order for an organization to be successful it is essential that they follow some of these trends so that their company appeals to people. This proves to be true for the event planning and convention industries. Two articles that pinpoint a couple different trends are “Nifty gadgets taking special events to a new level” and “ The article “Nifty gadgets taking special events to a new level” is a great example of trends within the planning and convention industries. In the years 2001-2004 these industries saw a huge decline in business. The reason for this was the failing economy. Companies and organizations could no longer fit events and gatherings into the budget. In 2005 event planning companies such as Dolce parties finally started to see an incline in corporate parties and events. However, these parties and events were at a much smaller scale. It was only the important people that were being invited to these gatherings because the budgets were still not back to where they were. Since the comeback of events was at a slow pace, event planners and convention industries decided to introduce some new gadgets to attract clientele. According to Stableford ( 2005)“Beyond the typical post-event surveys and evaluation of how many sales leads actually translate into qualified...
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...Future Trends Charmaine Saint Surin OI/466 June 6, 2016 Fred Greifenstein Future Trends According to Webster.com dictionary, a trend is usually known as something undergoing change or is developing into something or going into a general or specific direction. Innovation is about timing, but there is not a theory behind it. It includes processes and new ideas and then they are converted into new useful products. It creates value for customers who pay for it. Disruptive Innovation is an all-out risk taker, creating new markets with more practical approaches towards buyer's purchasing power. What we know is that innovation does not have an end, it's the fact that what we want and what we need continues to change. Innovation is not the goal but everything we do to get to that point. I think collaboration within innovation is an revolving trend. This is the concept of an open source. With the internet age, there are so many people connected worldwide, so there is the fact of collaboration. It creates alternatives for companies who which are smaller to have the ability to remain small and agile. If that is the choice, it also allows those less ended businesses to be a part of the larger agenda in innovation. Innovation is a connected function of communities. It seems like we are all trying to come up with new solutions that capture the technologies we encompass and maybe even working with alternatives reworking those technologies. An example of this is universities...
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...Principles of Entr3preneurship Business Trends ERIC KING AI logo © 2013 by Eric King According to Tim-Graw (2012), the social trend is evident throughout the world with more networking events and opportunities occurring weekly. Social trend involves top social networking platforms such as Facebook, MySpace, and other Internet networking sites. The list continues further with the creation of music apps, Spotify, Pandora, and these other networking sites will impact the industry by providing opportunity for growth. Whenever a new social media tool is created, a new opportunity is as well. New opportunity means an increase in jobs, expanding the pool of success to Full Sail graduates and other industry driven people. This trend will also be impactful to the industry by recognizing what’s new and hot on the market! New applications are being formed from web 2.0 tools allowing for users to run businesses with just one click away. It is important that we monitor this trend to see what exactly are the people are following. You have to know your target audiences wants and needs in order to satisfy them and become successful. One example of a business monetizing from social trend is Rick Ross’s, Untouchable MayBach Music Group also known as MMG. “Maybach Music Group has climbed to the forefront of mainstream rap” (BET, 2013). In order to be great in this music industry, you have to be able to keep up with the trends of it. Though Rick Ross has a catalogue of 4 popular mainstream...
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...unusual since you won’t normally open a restaurant unless you see it as a business opportunity right? The ramen restaurants have been opening one after another due to its popularity and success which entrepreneurs saw as an opportunity to open other famous ramen restaurants as it has become a trend. In SM Megamall as I walk inside the new Mega Fashion Hall crowded with people in the late night, I take the elevator to go up on the 3rd floor of the building where the well-known recently opened ramen restaurant called Ippudo Ramen is. The first sight that will appear before your eyes after the elevator doors open will be a crowd of people lining up for Ippudo. The wait is definitely worth it as the food there is extravagant and definitely food that you will come back with. In an interview from Shigemi Kawahara, he said that the reason people line up in Ipuddo might be “Because it’s delicious. We train our staff that every single bowl of ramen has to have a smile and maybe our customers can feel that. It’s very easy to serve a good bowl of ramen. Delicious ramen is everywhere, but what’s important to us is the quality, the service and the cleanliness” (Japan’s World-Famous Ramen House Opens in Manila). I have eaten their food and I would like to say that the food is divine with rich flavors that Filipinos will love and so far has been the best ramen restaurant in the Philippines in my opinion. The food trend started pretty recently in the Philippines as Filipinos are only beginning...
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...When developing a new business, it involves a huge amount of planning, identifying business opportunities, and business trends. A business trend is a general change in the way business is developing. Some of the most essential trends potential entrepreneurs follow are economic trends, social trends, technological advances, and political action and regulatory changes. It is recommended when developing a new business, to consistently research any potential changes in these trends. Below are a few examples of a few major trends and potential business ideas: Economic Trends (Recyclable/Biodegradable Furniture) Recycling and “Going Green” has become a rising phenomenon in today’s society. According to Go Green Recycling Inc., the average American discards seven and a half pounds of garbage every day. Most of the garbage goes into landfills, which in turn produces large amounts of greenhouse gases. In an effort to repair the damage to the environment, large amount of consumers prefer to purchase eco-friendly, recyclable and biodegradable products, claiming that they will only purchase items from companies that is involved in environmentally friendly practices. Seeing that trend these days is towards being environmentally conscious, I have created a furniture line called “Green Home Décor”, which sells recycled and biodegradable furniture. The recyclable furniture is unwanted and discarded furniture, which is repaired and refurbished. The objected of selling recycled furniture is...
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...Sidi Asia Ndioubnan Strategic Plan, Part II: SWOTT Analysis Date: January 10, 2012 Class: BUS/475 SWOTT analysis is an acronym that stands for: Strength, Weakness, Opportunities, Trends and Threats. This analysis gives a company the chance to examine the internal and external factors that can help the company reach an objective. SWOTT analysis is commonly used tool by managers of many different companies to develop a well thought of strategic plan. In this paper I will analyze eight different internal or external forces and trends that could affect Ladies First beauty salon. The information used will be used to create a SWOTT analysis table, which will be featured below. Lastly, the paper will identify the circumstances surrounding each issue, classifying the circumstances, attribute the importance of each classification and testing the accuracy of the importance for each classification. SWOTT Analysis of Ladies First Beauty Salon As stated the in introduction, a SWOTT analysis is a step that should not be over looked when creating or developing a strategic plan because it’s important in simplified the process. The SWOTT analysis where the company has its chance to look at the strengths, weaknesses, opportunities, threads and treads; that are needed to keep the business successful. These elements of the SWOTT deal with the internal as well as the external dwells of the company. The internal elements deal with things happening within the company and the external...
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