Posts Tagged ‘BUSINESS’
Some business doers don’t really know that they still need to manage their online business. One the other hand, it is a little bit complicated for you to start an online business. But it doesn’t mean that you can’t do anything and postpone your intention to start a new online business. If you choose the right way before starting your online business you don’t need to feel the problem above.
FreeMerchantAccountAdvisor.Com is trying to help you by preparing two primary services. Merchant Accounts service is their first service and it is a primary thing you need to prepare before starting an online business. This online service will help you to choose one of Merchant Accounts available there so you can have a unique and different. Actually, the significant different is on the payment system. There is a specific payment system you need to use to support your online business activity such as PayPal.
To give more options you can also find PayPal Alternative and you can add it with Credit Card Processing service. They will support you with the list of reputable Credit Card Processing Companies. By using Online Credit Card Processing it means later you can add Accept Credit Cards facility on your business website. The best thing is that you are using Merchant Credit Card Processing in which it is a specific service for business doer like you.
GLOBALISATION OF BUSINESS
Meaning and Dimensions
Globalisation in its true sense is a way of corporate life necessitated, facilitated and nourished by the transnationalisation of the World economy and developed by corporate strategies. Globalisation is an attitude of mind – it is a mind-set which views the entire world as a single market so that the corporate strategy is based on the dynamics of the global business environment. International marketing or international investment does not amount to globalisation unless it is the result of such a global orientation.
Globalisation encompasses the following:
Doing, or planning to expand, business globally. Giving up the distinction between the domestic market and foreign market and developing a global outlook of the business. Locating the production and other physical facilities on a consideration of the global
business dynamics, irrespective of national considerations. Basing product development and production planning on the global market considerations. Global sourcing of factors of production, i.e., raw materials, components, machinery/
technology, Finance etc., are obtained from the best source anywhere in the world. Global orientation of organisational structure and management culture.
Companies which have adopted a global outlook stop “thinking of themselves as national marketers who venture abroad and start thinking of themselves as global marketers. The top management and staff are involved in the planning of world-wide manufacturing facilities, marketing policies, financial flows and logistical systems. The global operating units report directly to the chief executive or executive committee, not to the head of an international division. Executives are trained in worldwide operations, not just domestic or international. Management is recruited from many countries, components and supplies are purchased where they can be obtained at the least cost, and investments are made where the anticipated returns are the greatest.”
A truly global corporation views the entire world as a single market – it does not differentiate between domestic market and foreign markets. In other words, there is nothing like a home market and foreign market – there is only one market, the global market.
Multinationals develop integrated international production logistics and marketing system-The production sharing between various units in different countries. For example, about two thirds of Toyota’s total business is- outside Japan. More than half of its vehicles sold overseas is manufactured overseas and the remaining exported from Japan. Toyota has established integrated manufacturing systems in all three of its main markets- North America, Europe and Asia. Plants in China, Indonesia, Malaysia, Philippines, Taiwan and Thailand turned out nearly a third of the company’s overseas production. These manufacturing units are inter-linked by flows of components / parts, production planning etc. To cite a different example, Mazda’s sports car, MX-5 Miata, was designed in California, had its prototype created in England, was assembled in Michigan and Mexico, using advanced electronic components invented in New Jersey and fabricated in Japan, financed from Tokyo and New York, and marketed globally.
Department of Commerce
Periyar University, Salem-11
There are several things to consider when thinking about starting a home based business. The first being whether or not you are motivated enough to work without being told what to do or how to do it. A successful home based business entrepreneur is a self starter who enjoys personal success. Small business owners work well independently, thrive on challenges, and do not fear learning new things or bringing their unique ideas to others.
The good news for all of the clean-tech entrepreneurs is the added boost that the U.S. Government is placing in the ACESA stimulus legislation. The American Clean Energy and Security Act of 2009 has a few main parts or provisions; all of which lead many people who wish to start a small business straight in the direction of solar energy.
1. A clean energy section that promotes renewable sources of energy; such as residential and commercial solar energy on a very large scale.
2. An energy efficiency section that increases energy efficiency across all sectors of the economy, including buildings, appliances, transportation, and industry.
3. A global warming provision that places restrictions on the carbon equivalent emissions and other environmentally damaging pollutants.
4. A transitional program that protects U.S. job seekers, consumers, businesses in these tough economical times with training, career adjustment, and transitioning support.
5. A very large program that promotes green jobs during the transition to a clean solar energy economy.
Having a home based solar energy business is work. Even with large incentives and the backing of the government, industry, and most citizens, you must still do the work in order to enjoy success. If you are the type who is self directed and motivated then the next consideration is what will you do? Consider what you are passionate about. What gets you excited enough to want to share it with others?
Use this information to create an ideal home based solar energy business.
Do some Internet searches or talk to other small business owners related to home based work that they made into a successful business and see if you might want to do the same. A clean-energy entrepreneur can create a operational statement for the way and type of solar energy business the wish to operate. This will be the bases for the services they can offer. Ask yourself the question “what will set my home based solar energy business apart from others?” Then write out a small business plan.
If you know that starting a home based solar energy business is right for you, then your next step is educating yourself about the requirements that govern home based businesses locally within your state, county and also with the US government and IRS. After completing due diligence, as a person should for any type of business consideration, decide if they possess the financial capital to get the business started. Fortunately, many new solar energy opportunities really do not take any investment (other than marketing costs) to get started. A person can just plug into a larger system. The landscape is change in a great way towards renewable, solar energy. This provides unparalleled opportunity for businesses as it relates to the U.S. Government’s interest in fast-tracking our transition to a clean energy environment.
United States Green Jobs: Worker Transition to Solar Energy Industry
The latest draft legislation related to an economic stimulus, a plan to address climate change, and a strategy to move into a renewable energy environment includes several provisions to promote solar energy jobs. One section authorizes the Secretary of Education to award grants to universities and colleges to develop curriculum and training programs that prepare students for careers in renewable solar energy, energy efficiency, and other forms of climate change mitigation. Under another section, the Secretary of Labor is authorized to carry out such training programs.
There are good opportunities out there that do not require an upfront investment. Emerging technology in renewable energy is creating what are called green collar jobs. Solar energy is now a viable business opportunity for the home based business owner. The outlook for renewable energy in 2009-2010 is very bright.
In fact renewable energy is in the forefront of business opportunities right now. For those who are passionate about saving money, going green and creating a home based business, a solar energy business is a golden opportunity.
The solar energy market is a largely untapped sector of the business and renewable energy industry. Home based business owner’s need this type of information and the support the U.S. Government is showing to really kick start exciting new career options for many U.S. citizens.
It is the win-win business of 2009 because everyone benefits from a solar energy business.
GLOBALISATION OF INDIAN BUSINESS
India’s economic integration with the rest of the world was very limited because of the restrictive economic policies followed until 1991. Indian firms confined themselves, by and large, to the home market. Foreign investment by Indian firms was very insignificant.
With the new economic policy ushered in 1991, there has, however, been a change. Globalisation has in fact become a buzz-word with Indian firms now, and many are expanding their overseas business by different strategies.
This section takes a look at the hurdles to and prospects for globalisation of Indian business and the different globalisation strategies.
Obstacles To Globalisation
The Indian business suffers from a number of disadvantages in respect of globalisation of business. The important problems are the following.
Government Policy and Procedures: Government policy and procedures in India are among the most complex, confusing and cumbersome in the world. Even after the much publicised liberalisation, they do not present a very conducive situation. One prerequisite for success in globalisation is swift and efficient action. Government policy and the bureaucratic culture in India in this respect are not that encouraging.
High Cost: High cost of many vital inputs and other factors like raw materials and intermediates, power, finance infrastructural facilities like port etc., tend to reduce the international competitiveness of the Indian business.
Poor Infrastructure: Infrastructure in India is generally inadequate and inefficient and therefore very costly. This is a serious problem affecting the growth as well as competitiveness.
Obsolescence: The technology employed, mode and style of operations etc., are, in general, obsolete and these seriously, affect the competitiveness.
Resistance to Change: There are several socio-political factors which resist change and this comes in the way of modernisation, rationalisation and efficiency improvement. Technological modernisation is resisted due to fear of unemployment. The extent of excess labour employed by the Indian industry is alarming. Because of this labour productivity is very low and this in some cases more than offsets the advantages of cheap labour.
Poor Quality Image: Due to various reasons, the quality of many Indian products is poor. Even when the quality is good, the poor quality image India has becomes a handicap.
Supply Problems: Due to various reasons like low production capacity, shortages of raw materials and infrastructures like power and port facilities, Indian companies in many instances are not able to accept large orders or to keep up delivery schedules.
Small Size: Because of the small size and the low level of resources, in many cases Indian firms are not able to compete with the giants of other countries. Even the largest of the Indian companies are small compared to the multinational giants.
Lack of Experience: The general lack of experience in managing international business is another important problem.
Limited R & D and Marketing Research: Marketing Research and R & D in other areas are vital inputs for development of international business. However, these are poor in Indian business
Expenditure on R & D in India is less than one per cent of the GNP while it is two to three percent in most of the developed countries. In 1994-95, India’s per capita R&D expenditure was less than when it was between S100 and 5 for most of the developed nations.
Growing Competition: The competition is growing not only from the firms in the developed” countries but also from the developing country firms. Indeed, the growing competition from the developing country firms is a serious challenge to India’s international business.
Trade Barriers: Although the tariff barriers to trade have been progressively reduced thanks lo the GATT/WTO, the non-tariff barriers have been increasing, particularly in the developed countries. Further, the trading “blocs like the NAFTA, EC etc., could also adversely affect India’s business.
Factors Favouring Globalisation
Although India has several handicaps, there are also a number of favourable factors for globalisation of Indian business.
Human Resources: Apart from the low cost of labour, there are several other aspects of human resources to India’s favour. India has one of the largest pool of scientific and technical manpower. The number of management graduates is also surging. It is widely recognised that given the right environment, Indian scientists and technical personnel can do excellently. Similarly, although the labour productivity in India is generally low, given the right environment it will be good. While several countries are facing labour shortage and may face diminishing labour supply , India presents the opposite picture. Cheap labour has particular attraction for several industries.
Wide Base: India has a very broad resource and industrial base which can support a variety of businesses.
Growing Entrepreneurship: Many of the established industries are planning to go international in a big way. Added to this is the considerable growth of new and dynamic entrepreneurs who could make a significant contribution to the globalisation of Indian business.
Growing Domestic Market: The growing domestic market enables the Indian companies to consolidate their position and to gain more strength to make foray into the foreign market or to expand their foreign business.
Niche Markets: There are many marketing opportunities abroad present in the form of market niches. (A niche is a small segment of a market ignored or not properly served by large players). Such niches are particularly attractive for small companies. Several Indian companies have become very successful by niche marking.
Expanding Markets: The growing population and disposable income and the resultant expanding internal market provides enormous business opportunities.
Transnationalisation of World Economy: Transnationalisation of the world economy, i.e., the integration of the national economies into a single world economy as evinced by the growing interdependence and globalisation of markets is an external factor encouraging globalisation of India business.
NRIs: The large number of non-resident Indians who are resourceful – in terms of capital, skill, experience, exposure, ideas etc., is an asset which can contribute to the globalisation of Indian
business. The contribution of the overseas Chinese to the recent impressive industrial development of China may be noted here.
Economic Liberalisation: The economic liberalisation in India is an encouraging factor of globalisation. The delicensing of industries, removal of restrictions on growth, opening up of industries earlier reserved for the public sector, import liberalisations, liberalisation of policy towards foreign capital and technology etc., could encourage globalisation of Indian business. Further, liberalisation in other countries increases the foreign business opportunities for Indian business.
Competition: The growing competition, both from within the country and abroad, provokes many Indian companies to look, to foreign markets seriously to improve their competitive position and to increase the business. Sometimes companies enter foreign market as a counter – competitive strategy, i.e., m fight the foreign company in its own home market to weaken its competitive strength.
Department of Commerce
Periyar University, Salem-11
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Shared by Sustainable Energy
Why Are Energy Monitoring Systems Important?
There are a number of energy monitoring systems available on the market. What do these systems do? Fundamentally they monitor energy usage in a facility. This is a very vital system that many companies do not have in place. The only resource they have is their power bill that comes once a month. They look at their regular monthly costs rising, but they do not know where they can help you save energy. Imagine operating a business without an accounting system. You do not know your income or your expenditures. This is the exact same for a company with no energy monitoring system; they have not a clue that there are energy efficiencies in the organization. Now some corporations prefer to get an energy audit, instead than investing in a system. But what use is that in a year, in 5 years. Equipment improvements, consumers change and all that knowledge is lost. If you install a system that monitors energy usage, then it is there for a very extended time, and it works 24/7.
How Does It Work?
The program will assess energy utilization on phases in the main distribution panel. This is done by setting up CT’s (Current Transformers) on electrical loads in the main distribution panel. The information then is fed to an Internet based interface that will allow users to download reports, alter set-points and compare energy usage by size, location etc. In addition, energy monitoring systems can be used to authenticate energy usage reductions from “energy saving” equipment like new compressors, lighting, control systems etc.
The energy supervisor can do facility benchmarking, view energy usage by equipment type and verify financial savings from commissioned facilities. The energy monitoring system made by EG Energy Controls is capable of monitoring up to 2500 stores within the company’s network. The system can keep track of any desired electrical, gas or oil loads.
Examples of loads that can be measured are:
Main entrance, Lighting, Low and Medium temperature compressors (can monitor pending equipment failure), HVAC, Motors (can monitor pending equipment failure), Parking Lot Lights, Water usage, Oil/Propane Usage
The system will monitor equipment kWh usage and send e-mails to alert the Energy Manager of abnormal energy usage. The system will also contact the weather station daily to gather weather information to allow it to accurately predict energy usage for the next day and avoid inaccurate alerts. This is a very important feature, since the problem with some energy monitoring systems is that they send redundant emails that end up annoying people.
The other good aspect of an energy monitoring system is the capacity to foresee pending equipment failures. This is called motor performance tracking:
Motor performance. Traffic monitoring motor current levels and unbalances is a main component of a superior online monitoring system. Often it’s found that current level is identified as the average current level for all phases. For predictive maintenance reasons, however, the highest line current level developed is of much greater importance. The heat in each motor winding is interdependent on the amount of current that flows through it. Hence, the the most fragile point of the motor’s insulation with respect to current level is the phase with the largest current
Energy Monitoring and Energy Awareness
It is incredible how energy usage drops in a facility when employees know that there is a system that is monitoring what they are doing. Since the system can also be used to monitor sections of a facility, or even individual departments, people become naturally more energy conscious. For example, turning of lights when they leave the room or not leaving the computer on at night. These may seem to be minor changes; however the mindset is already being changed to become more energy conscious. These people then come to their own home and start noticing energy efficiencies, and they start doing changes in their own home.
By: Edward Herniak
About Sustainable Energy Coalition: The Sustainable Energy Coalition (SEC) brings together more than 60 national and state-level business, environmental, consumer, and energy policy organizations. Founded in 1992, the Coalition promotes increased federal support for ENERGY EFFICIENCY and RENEWABLE ENERGY technologies and reduced federal support for unsafe or polluting energy resources.