...Business Communication Essentials, 6e (Bovee/Thill) Chapter 1 Understanding Business Communication in Today's Workplace 1) Which of the following is true about the importance of effective communication to your career and to the companies where you will work? A) Communication is important for most jobs, except technical jobs such as engineering or finance. B) The higher you rise in your organization, the more time you spend using the technical skills of your profession, and the less time you spend communicating. C) Good communicators are generally more difficult to find than good accountants, good engineers, or good attorneys. D) Good communication has not been linked to financial advantages for companies. E) Communication is important for most jobs, unless you are an entrepreneur. Answer: C Explanation: C) The world is full of good marketing strategists, good accountants, good engineers, and good attorneys—but it is not full of good communicators. Acquiring good communication skills will provide you with an opportunity to stand out from your competition in the job market. Classification: Conceptual AACSB: Communication Abilities LO: 1 Difficulty: Easy Learning Outcome: Describe best practices in team and interpersonal communication 2) Which of the following is true about the importance of effective communication to your career and to the companies where you will work? A) Communication is important for most jobs, except technical jobs such as engineering...
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...Systems Development (Topics in E-commerce) Spring 2014 Abbreviated Research Paper 1 Emerging Technologies in the Evolution of E-commerce by Jesse Matthews Submitted February 4, 2015 Management Science Department Darla Moore School of Business University of South Carolina Columbia, SC 29208 Table of Contents Section 1……………………………….. Introduction Page 3 Section 2……………………………….. Analysis Pages 4-7 Section 3……………………………….. Results Pages 4-7 Section 4……………………………….. Conclusions Page 8 Section 5……………………………….. References Page 9 E-commerce is becoming increasingly more popular with each passing day as the technology around us continues to advance. Technology has advanced so rapidly just over the past ten years that basically every business has had to adopt some form of e-commerce just to stay in business. The use of different forms of technology by basically everyone on a day to day basis has greatly increased the importance and benefits of e-commerce as a whole. Companies can use technologies like our smart phones and the internet to reach customers with multiple forms of advertisement, customized to meet each individual customer’s preferences. “Internet technology has changed the supply chain by improving collaboration and efficiency, and adding value to products and firms” (Astuti, 2014). Internet technology has improved the supply chain because it has helped business know the amount of supplies...
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...Electronic Business which is commonly referred to as e-business, which is the utilization of information and communication technology (ICT) in conduct business on the internet, not only buying and selling but also servicing customers and collaborating with business partner. Electronic business methods enable companies to link their internal and external data processing systems more efficiently and flexibly, to work more closely with suppliers and partners, and to better satisfy the needs and expectations of their customers. Trust is the key to the success of e-business and lack of trust is the significant problem on the way to e-business success. During every business transaction, the parties involved should feel trust with the people and the companies. It must be established and managed continuously in business transaction activities. Security services offering protection from security threats are: identification, authentication, confidentiality, integrity, access control, and non-reputation. Today, e-business applications are doing more than ever to increase efficiency and improve relationships with partners and customers. In relation to trust and internet technologies, consumers are concerns about two main things which are privacy and security. This study is focusing on the issues relating to e-business, such as its importance, issues and the solutions in order to overcome related to the security and trust in e-business. Importance of Trust regarding e-business Traditionally...
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...number and title | |BTEC Level 3 Extended Diploma In Business |Unit 16: Human Resource Management in Business | |Learner name | Assessor name | | | C Graham, F Mooney, J Robinson, E Smith | |Date issued | Hand in deadline |Submitted on | |1 W/E 26/01/2015 |W/E 27/02/15 | | |2 W/E 26/01/2015 |W/E 27/03/15 | | |3 W/E 26/01/2015 |W/E 17/04/15 | | |4 W/E 26/01/2015 |W/E 15/05/15 | | | | | |Assignment title |Business Advisory Service NI ...
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...Excellence in Business Comm., 10e (Thill) Chapter 1 Achieving Success Through Effective Business Communication 1) Communication is the process of A) transferring information and meaning. B) listening actively. C) writing messages. D) speaking to others. E) none of the above. Answer: A Explanation: A) Communication is the process of transferring information and meaning between senders and receivers, using one or more written, oral, visual, or electronic media. The other answers are only part of the communication process. Diff: 2 Page Ref: 3 Skill: Concept Objective: 1 AACSB: Communication Abilities Learning Outcome: Discuss the challenges and importance of business communications. 2) When it comes to communication skills, employers express particular frustration with A) experienced workers who shun new technologies. B) recent college graduates who haven't learned how to adapt to a professional environment. C) employees whose first language is not English. D) male workers. E) employees who believe they are tech-savvy. Answer: B Explanation: B) Not all situations call for the same type of communication skills. If you learn to write well, speak well, listen well, and recognize the appropriate way to communicate in any situation, you will gain a major advantage that will serve you well throughout your career. The other groups of employers are not necessarily going to have trouble communicating in a professional environment at all times. Diff: 1 Page Ref: 3 Skill: ...
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...Excellence in Business Comm., 10e (Thill) Chapter 1 Achieving Success Through Effective Business Communication 1) Communication is the process of A) transferring information and meaning. B) listening actively. C) writing messages. D) speaking to others. E) none of the above. Answer: A Explanation: A) Communication is the process of transferring information and meaning between senders and receivers, using one or more written, oral, visual, or electronic media. The other answers are only part of the communication process. Diff: 2 Page Ref: 3 Skill: Concept Objective: 1 AACSB: Communication Abilities Learning Outcome: Discuss the challenges and importance of business communications. 2) When it comes to communication skills, employers express particular frustration with A) experienced workers who shun new technologies. B) recent college graduates who haven't learned how to adapt to a professional environment. C) employees whose first language is not English. D) male workers. E) employees who believe they are tech-savvy. Answer: B Explanation: B) Not all situations call for the same type of communication skills. If you learn to write well, speak well, listen well, and recognize the appropriate way to communicate in any situation, you will gain a major advantage that will serve you well throughout your career. The other groups of employers are not necessarily going to have trouble communicating in a professional environment at all times. Diff:...
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...growth, earnings growth, and gross margin on the basis of those ratings. We also estimated how important each factor was to their ultimate recommendations. The strongest determinant of a buy or sell recommendation, we learned, is projected industry growth, followed by the quality of the top management team. Analysts in different regions often weighed factors quite differently, though. For example, having a clear, well-communicated strategy was of “very high” importance to analysts in Europe but of “low” importance to those in other regions. One of the most FACTORS THAT DRIVE BUY RECOMMENDATIONS CLEAR, WELL-COMMUNICATED STRATEGY ABILITY TO EXECUTE STRATEGY GOVERNANCE STRENGTH QUALITY OF TOP MANAGEMENT INNOVATIVENESS LOW-PRICE STRATEGY SUPERIOR PRODUCTS OR SERVICES STRATEGY BALANCE SHEET STRENGTH CULTURE HIGH PERFORMANCE COMPENSATION PROJECTED INDUSTRY GROWTH INDUSTRY COMPETITIVENESS IMPORTANCE TO ANALYSTS LOW MODERATE HIGH VERY HIGH A L U A L A L L A A L A E L A E L U A E L A E L L U E A E U U U E E U U E E E U A E U L U A L...
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... May edition vol. 8, No.9 ISSN: 1857 – 7881 (Print) e - ISSN 1857- 7431 MARKET ANALYSIS AND THE FEASIBILITY OF ESTABLISHING SMALL BUSINESSES Azzam Azmi Abou-Moghli, PhD Applied Science University Ghaith Mustafa Al-Abdallah, PhD Applied Science University Abstract This study aims to explore the nature of relation and effect between market analysis and feasibility of establishing small businesses operating in the services sector in Jordan. Four independent variables were identified to market analysis: location, demand, price and competitors. The study population consisted of (163) cases and the researchers used a close ended 42-item questionnaire, with a (83.43%) reliability coefficient, as per the Chronbach Alfa equation for collecting the primary data of the study. Furthermore, two types of analysis were employed: simple regression analysis and stepwise multiple analysis. The study made a number of conclusions, most important of which is: there is a statistically significant relationship between the location, demand, price and competitors and the feasibility of establishing small businesses. Keywords: Market Analysis, Feasibility Studies, Service Sector, Small Businesses, Jordan 1.0 Introduction Market analysis of businesses is deemed as scientific tool to obtain relevant information about the realities of the proposed market. This will benefit the investor in showing the business feasibility to be studied and its preference over alternative...
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...(1) The importance of appropriate pricing strategies in order to meet company needs for market segmentation and penetration, customer willingness to pay, and competition; and (2) The planning of e-business initiatives for companies that are established and which have only limited e-business experience, if any. On the one hand, as Simchi-Levi, Kaminsky, and Simchi-Levi (2008) note, businesses must address issues of price and demand if they are to succeed in moving inventory, convincing potential buyers to purchase products, and generally managing revenue via the processes of smart pricing. On the other hand, companies that want to maximize revenues and market share are increasingly challenged to do so by maximizing their use of the Web using an e-business planning process, described by Basu and Muylle (2007), as involving identification of possibilities, analysis of functional scope of projects, analysis of project sustainability, and finally, prioritizing e-business projects. Taken together, these two distinct but related areas demonstrate the importance for any business regardless of its sector or marketplace of combining smart pricing and business vehicle maximization. Companies that do not grow (in terms of revenues, markets, and reach) are companies that will ultimately fail. Given that most businesses have invested substantially in technology products, it is necessary for these businesses to use their technology resources to maximize revenue. Equally significant is the...
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...military logistics literatures of early periods were delivered the tactics and insights to work in complex environments (McGinnis, 1992) where the flow of material and information become vital. This basic phenomenon was integrated into the business and currently logistics acts as a central and essential feature of all economic activities (Christopher, 1986). The importance of logistics can be understood by its evolution. Earlier, flow of material was under different and fragmented activities such as purchasing, warehousing, transportation and etc. Then it became material and distribution management, and thereafter it has moved towards linking it to integrated logistics (Ballou, 2007). All these integrations to intent and purposes were to reduce costs incurred through logistics activities as logistics costs were seemed to be higher than any other cost of business activities. As an example, national level logistics cost of UK was accounted for 16 percentage of sales (Murphy, 1972). So that, organizations considered much on cost cuttings through effective logistics. But with the time, the scope of logistics has been expanded massively, and now it is a part of supply chain management (CSCMP, 2013). In the light of supply chain management, the importance of logistics become broad and it could be clearly...
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...Introduction In today’s world, E-business has become part and parcel of everyday life in many business circles as a large number of organizations are involved in one form of e-businessor another such as e-procurement. The effect of e-business and in particular e- procurement on internal customer service is being addressed in this study because e- business and internal customer service are all important issues in today’s globalisedworld which is characterised by stiff competition among organisations.One of theResearch suggest that e-business activities bring three types of benefits to theorganization: value benefits (perceived by both buyers and sellers as a result of reducedsearch and costs), revenue benefits (allowing the organization to exploit newopportunities such as disintermediation, free service, etc.), and logistics benefits (finding the proper position in a supply chain).Procurement is an important part of the supply chain and does not only affect external stakeholders but also internal stakeholders. This entails that it has potential to add value not only to the external side of the supply chain but also to the internal supply chain. The electronic application of procurement (e-procurement) has had many benefits to organizations such as cost savings and profits. It thus makes it an important area of study and this particular study addresses how e-procurement is affecting internal customers in organizations and goes further to determine how external customers are affected...
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...requirements for the performance management of the new supply chain era. The review study covers articles coming from major journals related with the topic, including a taxonomy study and detailed investigation as to the methodologies, approaches and findings of these works. The methodology followed during the conduct of this research includes starting with a broad base of articles lying at the intersection of supply chain, information technology (IT), performance measurement and business process management topics and then screening the list to have a focus on supply chain performance measurement. Findings reveal that performance measurement in the new supply era is still an open area of research. Further need of research is identified regarding framework development, empirical cross-industry research and adoption of performance measurement systems for the requirements of the new era, to include the development of partnership, collaboration, agility, flexibility, information productivity and business excellence metrics. The contribution of this study lies in the taxonomy study, detailed description and treatment of methodologies followed and in shedding light on future research. Keywords: supply chain; performance measurement; metrics; maturity 1. Introduction Coordination...
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...Analyzing Message Maximino Ruiz University of Phoenix Analyzing Message The tools, environment, and messages sent and received vary greatly in business. For an organization to have what they consider as quality communication practices, technology and mission objectives must be clear and effective. No one could imagine a sales representative for an organization to be efficient if that individual still used a pager as a communication tool. Location and market share also are determining factors when companies consider the technology used within their business so the company can communicate among themselves and their customers. Clear, the corporation I work for provides the country with mobile wireless broadband Internet to give people the ability to send and receive data “on the go.” To communicate effectively in my business, verbal and nonverbal communication techniques are practiced and applied daily. Face-to-face communication can be accomplished as it always has, or can be conducted through the Internet using video communication services through companies like Skype and Google Voice with video chat. E-mail, text messaging, memos, faxes, and letters are nonverbal forms of communication. Analyzing a message means understanding the flow of how message is created, the intention of the message, how it is delivered to the recipient, who the receiver is, the feedback given, the environment in which...
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...IMPORTANCE OF INFORMATION TECHNOLOGY SECURITY Importance of IT Security Table of Contents Introduction .................................................................................................................................................. 2 e-commerce Trends ...................................................................................................................................... 2 Risks .............................................................................................................................................................. 4 Cost of Cybercrime........................................................................................................................................ 6 Prevention Steps ........................................................................................................................................... 7 Conclusion ................................................................................................................................................... 10 References .................................................................................................................................................. 11 1 Importance of IT Security Introduction For the business professional information technology (IT) security is of upmost importance. The reliance that companies have on information systems in conducting everyday business transactions has facilitated the need...
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...expansion of business activities today, the importance of the four different financial statements; balance sheet, income statement, retained earnings statement and the statement of cash flows cannot be over-emphasized. This paper covers the four different types of financial statements, the information each one of it contains, and which statement is of most interest to investors, creditors, and management. Income Statement The Income Statement according to John Wiley & Sons modestly “reports the success or failure of the company’s operations for a period of time”. (Kimmel, P.D., Weygandt, J.J., & Kieso, D. E.,2009) The Income Statement shows Revenue minus Expenses which gives us the Total Net Income. Revenues are considered any type of revenue you get from the Service. Expenses on the other hand are salaries, supplies, rent, insurance, interest and depreciation. Investors are interested in the Income statement specifically the net income “because it provides useful information for predicting future net income.” (Kimmel, P.D., Weygandt, J.J., & Kieso, D. E. ,2009). Creditors as well are interested in utilizing the income statement because it assists them in predicting future earnings. Retained Earnings Statement The Retained Earnings Statement “shows the amounts and causes of changes in retained earnings during the period in this case the period would be “the same that is covered by the income statement”. (Kimmel, P.D., Weygandt, J.J., & Kieso, D. E. , 2009)...
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