Digg it UP - Business

Pricing Strategies (Including The Product Launch)
When a product is first launched into a market a firm will have to decide what price to charge.Penetration pricing This strategy uses a very low price to enter the market and gain market share. It makes sense if there are cost advantages to producing on a large scale. It can also be beneficial if the market is price sensitive, so that a lower price generates significantly higher sales.Price skimming This strategy uses a high price to enter the market. Even though the price is high, some people may still be eager to try a new product. Once sales from this group of people have been exhausted, the price can be dropped to attract a new segment. When this segment is exhausted the price can be cut again. A price skimming strategy is appropriate if the firm can protect its idea or invention so that competitors cannot enter with a cheaper version. It may be protected

eel and response), Word-Smart (how to write catchy slogans and taglines to attract the attention of the potential customers) and Logic-Smart (the step-by-step process of executing the plan).

Nature of Effective Organization (NEO) Profile

The Nature of Effective Organization (NEO) Profile serves as a 360° Feedback Survey for senior management to understand how their employees view their organizations, the management and its operations.

Using similar profiling framework as WorkACTIONS Map, this organizational profiling tool provokes a company to rethink the way they lead and manage human resources.

To be more specific, there are various points of strategic reflections that would hasten senior management to use the Nature of Effective Organization (NEO) Profile as an information-gathering tool. The following points of strategic reflections include:

1. High Turnover Rate. Many leaders and senior management of organizations tend to (or choose to) ignore the feelings/v

Lovin' That Rubber Chicken! 6 Steps to Successful Networking
Any entrepreneur knows that being an business owner is more about sales than anything else, whether it is hot tar roofing, algae scraping or pooper scooping. It doesn’t matter what you do, you must be a sales person to make a business work. One method that has continually proven successful for many businesses, including mine, is regular networking.Now I know what you all are thinking, “if I have to eat one more rubber chicken dinner with a bunch of people that I will never hear from again, I am going to poke my eyes out with a spoon”. Fear not, I have the magic steps to make networking one of your most successful investments.Do I have to eat the food?Ok, so the rubber chicken isn’t the best bang for your $50, but it isn’t the grub we are after is it? We want to see that cash in our pockets at the end of the month. We want to build our current client relat

In the past, many organizations have relied on generic personality profiling tools to assess, recruit and manage their employees. Though these tools have garnered a certain measure of success, there were many flaws that needed to be addressed for increased workplace relevance.

In view of these concerns, First Quatermain has developed THREE tools and has blended them into an integrated schema known as the Synergistic Organization of Unique People (S.O.U.P) Model.

This integrated model has been developed holistically for application in a workplace context. The three tools are:

1. WorkACTIONS Map

2. WorkSMARTS Map

3. Nature of Effective Organization (NEO) Profile

Brief Descriptions

WorkACTIONS Map:

The WorkACTIONS Map was developed based on the premise that a human resource profile tool must:

1. Be Relevant in a Workplace Context. It was discovered that there is a degree of dissimilarity in a person’s attitudes and behavior when at work, as compared to outside the workplace.

For example, an employee who is very passionate about playing golf may not necessarily bring this passion and enthusiasm into his/her workplace.

2. Focus on the Line of ACTIONS rather than just Personalities. In most profiling tools, potential employees are selected, based partly on the assessment of their suitable personalities. Though this can help increase the success of recruiting suitable talents, it is still rather myopic in nature.

In contrast, the Map’s emphasis is on analyzing the individual’s thought processes and the line of actions he/she will undertake in problem solving.

3. Support Organization’s Strategic HRM Framework. The WorkACTIONS Map (as part of the holistic SOUP Model) was developed to facilitate strategic human resource management within an organization.

For example, senior management can use the Map to select suitable personnel when building project teams. As different strategies and environments call for a certain mix of people in a team, the Map can heighten the success rate of choosing the right people for the right situations.

WorkSMARTS Map:

Based on the seminal research work by Harvard’s Prof. Howard Gardner, First Quatermain has adapted and re-defined the concept of Multiple Intelligences for workplace relevance.

Prof. Gardner's research states that there are several kinds of intelligences (or SMARTS) inherent and nurtured within an individual. This set of intelligences will determine the individual’s ways of carrying out certain tasks, learning styles, job preferences and more.

WorkSMARTS Map consists of these FIVE types of Intelligences. They are:

· Logical/Mathematical Intelligence

· Visual/Vision Intelligence

· Interpersonal Intelligence

· Intrapersonal Intelligence

· Linguistic Intelligence

WorkSMARTS Map was developed for organizational use based on the following factors:

1. Different SMARTS for Different Job Functions. With the application of WorkSMARTS Map, an organization can place the right people with the appropriate mix of intelligences for specific job functions and responsibilities.

2. Unique set of SMARTS, Unique way of Organizational Learning. This realization will enable an organization to disseminate information effectively and develop appropriate corporate training methodology for the staff.

For example, if the majority of the sales agents learn better through drawings and diagrams, a Sales Training program should avoid being too wordy, which may confuse them in their learning process.

3. Diversity of SMARTS, United as ONE. The success of a company’s project management would require a melting pot of a variety of intelligences.

For example, the effectiveness of a marketing project team will depend on the team’s make-up of the different kinds of SMARTS. A GREAT marketing team would usually comprise of members who are People-Smart (knowing how potential customers will feel and response), Word-Smart (how to write catchy slogans and taglines to attract the attention of the potential customers) and Logic-Smart (the step-by-step process of executing the plan).

Nature of Effective Organization (NEO) Profile

Using similar profiling framework as WorkACTIONS Map, this organizational profiling tool provokes a company to rethink the way they lead and manage human resources.

1. High Turnover Rate. Many leaders and senior management of organizations tend to (or choose to) ignore the feelings/v

Microsoft Great Plains Technical Support : Typical Questions and Answers
Technical support offered by MBS depends on the region. For North America (NA), support is available to both partners and customers who availed of the support plan. In Asia Pacific (AP), Europe, Middle East, and Africa (EMEA) though, support is only available to partners.Unfortunately, not every customer in North America can avail of support from their vendor. Some who opted not to renew their annual enhancement plans are orphaned from their vendors and do not receive free upgrades. If they need immediate support, they can contact the MBS Support Team directly but they are charged a higher premium. In this case, it is best to get support from partners such as Alba Spectrum Technologies or the like instead of directly from MBS.Below are some questions and answers that the MBS Support Team (Asia and EMEA) receive:Q1. Will Microsoft Great Plains run on opera

ompared to outside the workplace.

For example, an employee who is very passionate about playing golf may not necessarily bring this passion and enthusiasm into his/her workplace.

In contrast, the Map’s emphasis is on analyzing the individual’s thought processes and the line of actions he/she will undertake in problem solving.

3. Support Organization’s Strategic HRM Framework. The WorkACTIONS Map (as part of the holistic SOUP Model) was developed to facilitate strategic human resource management within an organization.

WorkSMARTS Map:

Based on the seminal research work by Harvard’s Prof. Howard Gardner, First Quatermain has adapted and re-defined the concept of Multiple Intelligences for workplace relevance.

WorkSMARTS Map consists of these FIVE types of Intelligences. They are:

· Logical/Mathematical Intelligence

· Visual/Vision Intelligence

· Interpersonal Intelligence

· Intrapersonal Intelligence

· Linguistic Intelligence

WorkSMARTS Map was developed for organizational use based on the following factors:

For example, if the majority of the sales agents learn better through drawings and diagrams, a Sales Training program should avoid being too wordy, which may confuse them in their learning process.

3. Diversity of SMARTS, United as ONE. The success of a company’s project management would require a melting pot of a variety of intelligences.

Nature of Effective Organization (NEO) Profile

Using similar profiling framework as WorkACTIONS Map, this organizational profiling tool provokes a company to rethink the way they lead and manage human resources.

1. High Turnover Rate. Many leaders and senior management of organizations tend to (or choose to) ignore the feelings/v

A Secret Of Business Growth - Pick Passionate External People
Do you remember Frank Sinatra’s song…? “I did it my way”Excellent song. I love it.And you know what… some business owners love the notion of ‘doing it my way’ so much that they ‘hold’ onto every aspect of their business – so much so that they don’t allow people to help them to grow.They latterly stop their staff from helping them.They stop their ‘accountant’ from helping themAnd they stop any outside expert from helping them…There may be all sorts of reasons for this behaviour…They may be too proud to ask for help.They may be too scared to ask for help (as it can make you feel quite vulnerable).They may think it’ll cost too much to get help (well if you think education costs too much – you should try ignorance).Or they may think that they don’t have time to look for help… don’t trust anyone to help them, or

a certain mix of people in a team, the Map can heighten the success rate of choosing the right people for the right situations.

WorkSMARTS Map:

Based on the seminal research work by Harvard’s Prof. Howard Gardner, First Quatermain has adapted and re-defined the concept of Multiple Intelligences for workplace relevance.

WorkSMARTS Map consists of these FIVE types of Intelligences. They are:

· Logical/Mathematical Intelligence

· Visual/Vision Intelligence

· Interpersonal Intelligence

· Intrapersonal Intelligence

· Linguistic Intelligence

WorkSMARTS Map was developed for organizational use based on the following factors:

For example, if the majority of the sales agents learn better through drawings and diagrams, a Sales Training program should avoid being too wordy, which may confuse them in their learning process.

3. Diversity of SMARTS, United as ONE. The success of a company’s project management would require a melting pot of a variety of intelligences.

Nature of Effective Organization (NEO) Profile

Using similar profiling framework as WorkACTIONS Map, this organizational profiling tool provokes a company to rethink the way they lead and manage human resources.

1. High Turnover Rate. Many leaders and senior management of organizations tend to (or choose to) ignore the feelings/v

Mexico Is The Greatest Consumer Of Beverages, Learn How To Sell To This Market
Mexico is the #1 consumer of soda in the world per capita. Mexicans thirst for new beverages is great but supply is small. Learn how to be the first to market to penetrate this growing marketMexico has always been at the top of the list when it comes to Beverage Consumption. Mexico leads most categories in beverage or is in the top 10 per capita and as a country.Superstores, supermarkets and convenience stores give beverages number 1 priority in shelve space. When you go into some of these stores you see how different the beverage shelves look.I often travel Monterrey, Mexico City, Tijuana and Guadalajara checking retail accounts like supermarkets. Their first comment was "Wow, look at all this soda"! I'm talking about pallet after pallet on the retail floor filled with soda, water, tea, new age beverages, water and every type of beverage you can imagin

ons. With the application of WorkSMARTS Map, an organization can place the right people with the appropriate mix of intelligences for specific job functions and responsibilities.

For example, if the majority of the sales agents learn better through drawings and diagrams, a Sales Training program should avoid being too wordy, which may confuse them in their learning process.

3. Diversity of SMARTS, United as ONE. The success of a company’s project management would require a melting pot of a variety of intelligences.

Nature of Effective Organization (NEO) Profile

Using similar profiling framework as WorkACTIONS Map, this organizational profiling tool provokes a company to rethink the way they lead and manage human resources.

1. High Turnover Rate. Many leaders and senior management of organizations tend to (or choose to) ignore the feelings/v

Factoring Basics
Most sales to commercial clients usually carry 30 to 60 day payment terms. This means that as a supplier, you must deliver your products or services now. However, your client has between 30 to 60 days to pay you.This creates a significant challenge for owners of small and midsize businesses. The problem is simple. Your clients want to pay you in 30 to 60 days, but you must pay rent, payroll and your suppliers now. As you can see, the math does not work. Unless you have a substantial bank account, this leads to an almost impossible situation.If you are in this situation, it is also very likely that the bank will not be able to help you. As you well know, banks only lend to businesses that have three years of profitable operations and significant hard collateral. If you do not qualify for bank financing, your best bet may be to consider factoring.Factoring

eel and response), Word-Smart (how to write catchy slogans and taglines to attract the attention of the potential customers) and Logic-Smart (the step-by-step process of executing the plan).

Nature of Effective Organization (NEO) Profile

Using similar profiling framework as WorkACTIONS Map, this organizational profiling tool provokes a company to rethink the way they lead and manage human resources.

1. High Turnover Rate. Many leaders and senior management of organizations tend to (or choose to) ignore the feelings/views of their employees. Many good employees have left their organizations to chart their career paths successfully with other companies (usually with their previous firm’s competitors) partly due to this reason. If companies do not act fast to curb the employees’ perception gap, this usually leads to a high turnover rate, notably in respect of the firm’s best talents.

2. Lower Productivity & Profits. In general, when employees perceive that the organization does not listen and response to them effectively, distrust and low morale will ensue. This will affect the employees’ motivation and decrease productivity and eventually, lower profits.

3. Strategic Mis-Communication. As the employees on the ground are the true experts in their specific areas, they are the best people to understand and response to market changes. With the absence of good communication outlets between the employees, senior management may not be able to develop sound organization strategies for market relevance.

The Confluence of the Three Strategic Tools The rationale of fusing the three tools as an integrated model is simple and direct. With WorkACTIONS & WorkSMARTS Maps, an organization is well equipped to assess and employ new employees, and also to manage the existing human resource adaptively.

WorkACTIONS + WorkSMARTS =Putting your Employees’ SMARTS to ACTIONS!

While the following tools can help narrow the risk of errors in personnel recruitment and strategic management of talents, it is only half the battle won.

More importantly, how does an organization retain the talents that they have carefully selected and trained?

By using the Nature of Effective Organization Profile, a company can better understand their employees and response effectively to their needs. This will help in retaining and motivating the best talents through developing appropriate corporate culture and working environments.

In a nutshell, the S.O.U.P Model would eventually help in accelerating the growth and profitability of your organization.

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Try not to give a generic gift, this type of gift it boring and it shows you did not put any thought into it, try to personalize the gift in someway to give a message that you put thought and you are a respectable business person.

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