Thursday, February 21, 2013

Role of Information Technology in Growth of Business

Information technology (IT) refers to the management and use of information using computer-based tools. It includes acquiring, processing, storing, and distributing information. Most commonly it is a term used to refer to business applications of computer technology, rather than scientific applications. The term is used broadly in business to refer to anything that ties into the use of computers.






Mostly businesses today create data that can be stored and processed on computers. In some cases the data must be input to computers using devices such as keyboards and scanners. In other cases the data might be created electronically and automatically stored in computers.


Business


Small businesses generally need to purchase software packages, and may need to contract with IT businesses that provide services such as hosting, marketing web sites and maintaining networks. However, larger companies can consider having their own IT staffs to develop software, and otherwise handle IT needs in-house. For instance, businesses working with the federal government are likely to need to comply with requirements relating to making information accessible.



Role of Information Technology in Growth of Business


The constant upgrade in information technology, along with increasing global competition, is adding difficulty and hesitation of several orders of scale to the business and trade. One of the most widely discussed areas in recent business literature is that of new organizational network structures that hold survival and growth in an environment of growing complexity.

Effective implementation of information technology would decrease liability by reducing the cost of expected failures and increase flexibility by reducing the cost of adjustment. The businesses reaction to the environment remains to be the vital determinant for its effectiveness. The capabilities and flexibilities of computer-communication systems make them gradually more appropriate to businesses by being able to respond to any specific information or communication requirement.

Information Technology is having impact on all trade industries and businesses, in service as well as in manufacturing. It is affecting workers at all levels of organizations, from the executives to middle management and clerks. Information technology is increasingly becoming a basic factor of all types of technologies such as craft, engineering, routine, and non-routine.

The advances in Information Technology would result in remarkable decline in the costs of synchronization that would lead to new, concentrated business structures. It enables the business to respond to the new and urgent competitive forces by providing effective management of interdependence.

In the near future businesses would be facing a lack and a redundancy of information called information glut. To solve the information-glut companies will need to introduce methods for selective thinning out of information. Improvements in telecommunications will make it easier to control business units dispersed over different parts of the world. Advances in telecommunications, would result in increased distance-communication. Indirect communication would be preferred for well-structured information for routine, preprogrammed and decision processes.

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Role of Information Technology in Growth of Business

William King is the director of UK Wholesale, UK Wholesalers and Dropshippers Directory. He has 18 years of experience in the marketing and trading industries and has been helping retailers and startups with their product sourcing, promotion, marketing and supply chain requirements.

CINDERELLA & THE 3 UGLY SISTERS

CINDERELLA & THE 3 UGLY SISTERS


The fairy story is that of a beautiful young woman, living with 3 ugly sisters and a cruel step mother, in unfortunate circumstances whose life suddenly changed to remarkable fortune. 
The word "Cinderella" has, by analogy, come to mean one whose attributes were unrecognised, or one who unexpectedly achieves much deserved recognition or success after a period of obscurity and neglect. 
In watching the hammering that Gold has been receiving over the last weeks this story came immediately to mind.
Consider for a moment how the wicked stepmother Bernanke and his surrogates have tried to help the 3 ugly sisters:
Real Estate: 
Despite doing  everything possible to reflate real estate, property prices still languish and apart from homes for the super rich there is zero recovery.
Equities:
This has been reflated to new and increasingly unsustainable highs, with many observers seeing stagnant economies, lower employment, declining consumer disposable incomes,  and rising p/e ratios preceding a sharp correction in the very near future.
Bonds:
The ZIRP policy and endless QE has driven bond prices to all time highs, and when interest rates finally rise there will be an implosion in the bond market and massive capital losses.
GOLD:
In order to disguise the looming crisis in the other asset classes, Gold, the Cinderella of the story, has been used, abused, manipulated and driven down by the immensely powerful forces of the Government, Central Banks and Bullion Banks, in a totally fraudulent and overtly unregulated market place.

ONLY ONE QUESTION REMAINS:
Would you prefer to invest in an asset whose price, despite all efforts,  cannot be driven below USD 1500 per ounce, or in a group of assets whose current price levels are only sustained by money printing, levitation and media propaganda?


Friday, February 15, 2013

Picking the Best Technology for Your Business

Choosing the best technological systems for your business has become much more of a chore than ever. With the advent of what seems like a dozen new scientific advancements every few months, managers are at a loss to decide which technological "breakthrough" is right for their firm and which is not. Whether your company makes boats or does freelance editing, the computer age has spawned a virtual storm of apps, wizards, add-ons, and bots that promise to make every job easy and fast. Workers who punch time clocks are always on the lookout for a techno-advancement that can shave a few minutes off their day.






Managers are not immune to the pull of technology, but should be aware that many products just don't hold up to scrutiny. Before buying any new gadget or piece of software, the business manager should enforce a 24-hour cooling-off period on the purchase decision. This is a good rule for all large purchases, and when it comes to the world of time clocks and balance sheets it is best to slow down and think before buying.


Business


After the cooling off period has expired, sit down and make a list of the pros and cons of the technology. Ask yourself some simple questions such as do I need it? Will it work? Can I afford it? How long has it been in existence? You will learn a lot about the product and yourself by going through this process. After you walk past the time clocks each day, will this bit of fresh technology make a difference in your productivity, or is it just a shiny new toy? All these questions will help you fill out the pros and cons list.



Picking the Best Technology for Your Business


At this point, if you decide that the item is worthy of purchase, it is time to do some research. Start on the Internet, looking for objective reviews of the product. Sometimes you have to dig a bit before coming up with revealing, honest reviews. Do a bit of background research on the manufacturer as well. A long, respected history is a good sign. An unknown company with a questionable website and no clear contact information is a very bad sign.

As your day winds down, and employees clock out, you should have a good idea about whether to purchase the product or not. Don't forget to ask the manufacturer for a demonstration or free trial period. Without actually test-driving a new piece of technology, you really don't know how it will fit into your corporate puzzle.


Picking the Best Technology for Your Business

Looking for quality time clocks to help increase your business' efficiency? Consider one of several affordable and quality models from Time Clocks & More.

Mindset Or Business First

Are you a business coach? Do you have a coach? What do you think is the most important aspect of coaching? Do you focus on mindset issues or business first?






There's no clear-cut answer, no answer that spans across the board and fits all situations because each person, every business owner and every coach is different.


Business


If you're a coach, hopefully you focus on both business and mindset and emphasize what the client needs most at any given time. As coaches and leaders, people come to you looking for ways to make more money in their businesses. That means it's up to you to determine what they want and to even provide them what they need.



Mindset Or Business First


Now sometimes, the client's wants and needs go hand-in-hand... in other words, they are the same. Other times, their wants and needs can be on totally opposite ends of the spectrum. In those cases you need to find the balance. Maybe that means focusing on one idea more than the other, or maybe it means altering your time with the client to allow time for you to deal with both issues.

When you're being coached, you might not be really interested in one thing over the other, but that doesn't mean you can't use the coaching in both areas. Maybe you have the mindset, you know what you do in business, you know why you do things a particular way in your business and you know what changes and transformations to expect, but you don't have the business answers you need.

As a business owner, you need to know what you want and what you need. A good coach will deal with both of these areas at the appropriate times. But you also need to recognize when changes or shifts occur in yourself, and in your business and in what you've learned as a business owner, and you need to express those things to your coach so they know where you are and where you're going next.

This is a big deal too in your own business. Just as your coach will meet you where you are and help you progress, you can do this with your own clients. You can see where they are and help them progress.

A major piece of this is that at times, you're at a place where it may not be clear what you still need to learn or the issues and items you still need to work through in order to move your business forward.

Whether you're a coach or you're being coached, you need to find that line so you can balance the mindset and the business part of what you're doing. Sometimes it's a fine line, and sometimes you just have to straddle the line a bit. Most of the time, if you will follow the lead of your client, it will direct you to the right place and give you the direction you need.

Find the balance in your own programs. Decide if you are where you want to be, or where you need to be, and work with your coaches, and clients, to get to the point where you can improve your business and your life.


Mindset Or Business First

CORBETT REPORT - G 7 CURRENCY WAR LIES, ARGENTINA, JAPAN, MALI & SWISS GOLD


CORBETT REPORT - G 7 CURRENCY WAR LIES, ARGENTINA, JAPAN, MALI & SWISS GOLD



This wide ranging interview discusses the G 7 ignoring the very existence of a currency war  in advance of their next meeting. We discuss the deteriorating situation in Argentina and Venezuela and how history is sadly repeating itself. Japan is facing terminal decline, with an over indebted government, an ageing population, and soaring costs of raw materials imports, in an export led economy. Despite the demonstrable failure in Japan of currency debasement in the past 20 years, Mr Abe wants more, faster. In Mali, the Western interest, ostensibly to fight terror, cannot be separated from the country's and its neighbour Niger's uranium, gold and other base minerals reserves. French company AREVA is the biggest user of uranium in the world and France totally dependent on nuclear for electricity. Over a year ago Libya's gold reserves worth some USD 6 Billion disappeared, where are they and why is there no media coverage of this record heist. Finally we discuss the Swiss bid to have a referendum on recovering their Gold reserves and the related political challenges to the Swiss people in exercising control over their central bank.

http://www.corbettreport.com/g7-lies-south-american-economy-swiss-gold/

The Corbett Report provides a weekly podcast as well as interviews, articles and videos about current events and suppressed history from an independent perspective.


I am very pleased that my message is reaching an ever wider audience.

Saturday, February 9, 2013

Business Process Software - Radical Improvement After the Eventful Advent of Open Source Integration

Business process involves a serious assortment of actions including inputs, techniques and outputs that lead to a profitable conclusion. Position the inputs in place, then apply the techniques, and now you will see the outputs.






Every business, its shareholders and customers look forward to value-addition in all ways possible, and the best way to achieve this is by applying the techniques of business procedures, which is a healthy conglomeration of related structural actions that deliver the results for you. Sometimes this process could be an offshoot of a larger program, necessitating the smooth integration of other process models with its own.


Business


Enhancing Access to Users



Business Process Software - Radical Improvement After the Eventful Advent of Open Source Integration


Through trial and error, and by experience, most organizations have come to accept the grave importance and success that processes, especially supported by business process software, bring to the daily conduct of their businesses. Erstwhile, most businesses had exclusively to depend on monopolistic expensive solutions, controlled by just a few, that made a comprehensive and expensive re-engineering of their IT infrastructure obligatory. For this reason, and their unwillingness to get caught in a monopolistic trap, many organizations who saw the clear benefits of the process dragged their feet in procrastination.

Soon relief appeared in the form of open source integration companies that removed the erstwhile technical and financial irritants, to enable all organizations to garner the benefits of a business process optimized by high power technology.

A universal Business Process Software

With the eventful advent of open source solutions that applied to management of data and application integration, using BPM space, these new innovative providers now brought business software within the affordable reach of any business that wants it. The cost and your budgetary restrictions need not stop you from downloading these open source solutions, as they are very free business software, packed with rich features and ready for instant use with versatility beyond your wildest dreams. This open source platform facilitates easy interlinking of diverse databases or project application in any IT infrastructure.

Most developers, analysts and business managers find Open Source business process software easy to use in literally every stage of process development, including the optimization process. They also help in the following processes:

1. The drag and drop design renders business odeling a graphical workspace
2. Provides the facility for analysts to check processes against variable inputs and perimeter conditions
3. Enhances process integration by allowing external process events to leverage the processing capabilities of the business process
4. The authoritative and measurable BPM engine drives the deployment and execution of processes
5. Customizable KPI reports and dashboards facilitate process monitoring


Business Process Software - Radical Improvement After the Eventful Advent of Open Source Integration

Click here to know more about business process software.