These days almost every organisation makes use of visitor name badges or tags. They are not just being utilised in the business sector, other organisations as well. Be it a workplace or an educational institute, name badges are used to convey the identity of the person wearing it. Many a times it often happens that visitor name badges are used to indicate areas where visitors will be able to enter and transact their requirements. By implementing visitor name tags, you will be able to keep a track of how many visitors you have in your office area. Continue reading
What does first comes in to y0our mind when you think about Business Ethics? No matter what sort of business you own, it is very necessary that you abide by the law to ensure the smooth running of your business. If your motto is to only make money out of your business then you are actually doing poor business. There are many business organizations that do not abide some essential business laws. Most of these companies find them heavily penalized when this information is flushed out in the open.
Business Rivalry should not Cross the Margin of Moral Values
How would you feel when your valuable information, design and plans are robbed by your rival company? It will definitely feel bad. Therefore, make sure that you also follow the same. Business rivalry is very common between industries. However, it does not mean that you will utilize foul means to get that huge contract. Such means are strictly forbidden in most of the countries of the world.
One of the most important facts that you will need to follow while running your business is to keep your employees content with your company policy. Your business will automatically suffer if your hired professionals remain unhappy with their job. Foremost, you will need to have an expert HR team. It is only through the help of an effective team that you can retain employees in your company.
Behaving badly with Employees is Unethical in Business
Being a boss does not mean that you have bought your employees. You might hire them, but it does not mean any sense that they will abide by your every law. Any issues between you and your employees can be solved by the HR team. It is also very necessary that you remain neutral to all of your employees. Being biased can heavily affect the work environment.
It literally destroys the work balance and makes other feel jealous and disgusted. One of the most common issues among employees is working hours. If you do not release your employees on time, then it will definitely become pretty hard for them to continue doing their job. Treating your employees properly is crucial for business.
Benefits of Ethics
There are many benefits of following ethics in a business. You will be able to earn profit from your business ethic planning. Customers and clients are more attracted when they find that your business is ethically sound. With the help of ethical values, your employee retention will increase and this will eventually result in an improved productivity. You will need to keep the share price higher to maintain that the company remains under your control and is not taken over by some other industry.
Things that make a Company healthy and Prosperous
You cannot expect clients to trust you when they will found that you do not sell what you really say. For example if a manufacturing industry provides you with bad safety ladders and instrument stands, then you can never again believe in them and the case is same for all businesses. Once your company is revealed to have supplied clients with bad products, it will instantly be revealed to the media and eventually no one will be interested in working with you.
Alex Mathew is a proficient author writing articles on Industrial product and other similar topics. He contributes regularly for TreadWellGroup.com.au.
Summary: Business ethics is very essential for healthy work environment. Ethics are the blocks that help you to build your company’s reputation over the years.
The world is changing at a fast pace and so is changing the face of business. In the recent times, people have a different kind of mindset, than they had ten years ago. With the emergence of more number of big and small businesses, the competition has also become tougher.
Businesses have incorporated many changes within themselves, to survive in this competition. The current times has seen certain trends affecting the business world today. These trends are basically a result of the changes occurring in the world outside, and the businesses trying to adapt themselves to these changes. This article discusses the latest trends seen by business today.
Economic Changes lead to Rise and fall in Business
- Growth of women power.
The women-owned businesses have increased by about 54% in the last 15 years. When the world was hit by recession in 2008, a more number of men lost their jobs as compared to women. The reason behind this is that women possess the positions based on knowledge and have been capable of adapting themselves. Many women went for getting new degrees to get placed in new industries. This pace should be sustained for the sake of the economy.
- Extinction of the middleman.
The role of distributors and middlemen is changing rapidly, irrespective of the industry. The reason behind this is the change in the supply chain and business model of companies. These changes can be attributed to the growing e-commerce and the transformation of the buying process of end-users, in both B2B and B2C companies.
- Growth in number of entrepreneurs.
More and more young people, especially MBAs, are going for starting their own business, rather then working for large companies.
- Changes in healthcare sector.
Changes are visible in the process of treatment of patients, payment procedures, patient behaviors, reimbursements, billing and also in the physicians’ value on entering the market. There is a need of new approaches in this sector.
- Change of culture is a vital need.
There needs to be change in the culture of hospitals. This may mean improvement in quality or engagement of physicians. Culture change is also needed in K-12 schools.
- Strategies of Blue Ocean are being implemented.
A large number of companies are using blue ocean strategies to figure out growing needs in the ever changing global market. This occurs in diverse industries like construction, financial services and hydration system manufacturing.
- The market of sustainability directors needs to be tapped.
The companies creating energy efficient and new methods of carrying out things would fit well to this group. In the recent times, if a roof is old, the momentum has shifted to addition of roofs, instead of roof replacement, as it reduces usage of energy. The sustainability directors need the help of efficient home builders in today’s market.
- A major part of wealth belongs to family firms.
Family firms constitute a major part of the wealth in countries like America. So, such firms are quite essential to an economy. Family firms withstand the tough times better, but are often unwilling to take risks for expansion of market.
These are the trends affecting business in the current year. The business today has certain positive as well as negative aspects. The business owners have to tactfully deal with the negative aspects, to promote overall economic development.
Summary: The changing times and advancement in science and technology, has resulted in many changes in the world of business. The business today is ruled by certain trends.
Author’s Bio: Kevin Maddox is a renowned author who writes articles on Procurement Companies and related topics. He has a vast experience in writing highly informative articles. His articles have been helpful to many readers.
Office workers that spend their days typing away and answering phones at their desks can ultimately find themselves susceptible to a variety of repetitive stress injuries. Desk jobs may not be considered physical per se, but they can still take a toll on the body.
According to The Daily Mail UK, about 68% of office workers suffer from pain at the office. Carpal tunnel syndrome is the most famous of these maladies, and it affects the hands and wrists, but aches and pains from a day at the office can actually stress any part of the body. If a day at the office puts your “rear end in a sling”, you may need some Ergonomics.
Ergonomics is the science of designing furniture and tools in such a way that their use feels natural to the human body, and produces no unnatural strains. It’s a no brainer that our bodies did not evolve for the world we have created for ourselves. Our bodies evolved for life on the African savannah, spearing an occasional zebra or wildebeest for a meal, running from the hungry lion or cheetah, building a fire to keep the scary things away at night, and cuddling with our honeys at night in order to achieve the best Darwinian or Dawkensian “reproductive fitness.” The owner’s use manual doesn’t say anything about sitting in a chair for 8 hours, or twiddling one’s fingers on a little board while resting one’s wrists at its edge.
In order to reduce physical strain, a number of ergonomic office supplies are available. Such as:
Ergonomic keyboard and mouse - these items are designed so that the natural shape of your hand is what connects with the object. Strain can occur when you are asking your body to repetitively take on positions that are just not normal. The repetitive action increases the physical strain. Both ergonomic keyboards and the computer mouse are slanted to follow the natural conformation of your hand. The ergonomic computer mouse also frequently comes accompanied with a roller ball that moves with better ease that the traditional scroll wheel. Ergonomic products do take some getting used to as they feel different than what many office workers are used to using, but once you adjust to the differences they can be beneficial for your physical health.
Ergonomic desk chairs - Many chairs are designed for appearance over comfort, and whether these are chairs that are at the desks of workers, or conference room chairs, they can result in discomfort when used for an extended period of time. When the chair is not designed for ergonomics, office workers find their use to be “a pain in” [a well-known body-part]. They need business conference chairs that are ergonomically engineered. After a morning sitting in your cubicle, at a normal chair, a meeting in the conference room, with everyone sitting in ergonomic business conference chairs, could actually provide a rest for your weary hams.
So, if you are a company trying to maximize the productivity and good cheer of your employees, you would do well to invest in some ergonomically-engineered business conference chairs.
Every topl entrepreneur knows the fact that successful contract management is all about focusing on the details, keenly observing dates and having a secure system that helps in storing records. While things like choosing the best marketing strategy for your business and raising capital are important areas, contract management is also important and it shouldn’t be ignored. In the following article we look into a few effective contract management tips for businesses..
#1: Lay a Strong Foundation
The first and the most important factor to focus on is getting the right contract. By ensuring that you have the right contract in place it becomes easy for you to lay a good foundation. The formal contract that you secure actually forms a real framework around which there are a higher chances of a good relationship growing. It will be a lot more difficult to make the relationship successful if the contract is weakly constructed.
#2: Manage the Contract Actively
You should be prepared to manage all the different aspects of the contract. Contract management activities are usually divided into three major parts: one service delivery management, two relationship management and three obviously contract administration. It’s important that all these areas are equally focused upon for the best results. Inadequate resources will simply translate to failure of achieving full value. If you’re serious about effective contract management then you should use a software such as ContractLogix.com to get things headed in the right direction.
#3: Measure Quality Along with Quantity
On the surface, this seems to be an obvious point, but still many businesses miss out on it when doing effective contract management. So what does measuring quality and quantity mean? It simply means creating and using the right measurements that help in the measurement of the quality of a service. This may include various assessing aspects like availability, completeness, capacity, flexibility, reliability, and of course timeliness.
#4: Ensure Value for Money
This aspect is all about the balance that exists between the quality of service and value received. Make sure you encourage consistent innovation and also continuous improvement from your supplier. All the costs that are associated with your contract should be taken into consideration. This includes: setup costs, fixed costs, recurring costs, and your company’s own overhead costs that come with managing the contract.
#5: Do Effective Risk Management
Risk is generally defined as an uncertainty of the outcome in contract management. This is regardless of whether it is a negative threat or a positive opportunity. Managing risk here means not only identifying but also controlling those factors that may have some kind of an impact on the fulfillment of the contract. Risks that are identified need to be formally recorded in what you call a “risk register” and assigned to an specific, individual owner so that it can be actively managed according to good risk management practices.
#6: Document Everything
You should do whatever you can to establish effective procedures in order to keep contract documentation up to date and also to ensure that all the documents that are relating to the contract are in fact consistent. And all the parties involved have access to the correct version.
Year-on-year, it’s been the same black news: ‘energy prices are rising above inflation.’ As everyone dreads the promised price rises of 2013 (businesses included), methods for reducing energy usage are increasingly required.
According to some experts, the estimated 26% energy price rise, set to occur over the following decade, is a gross understatement. In light of this news, businesses are already being warned that energy efficiency should be top of their priority list or the losses in profits could be considerable.
Monitoring Your Usage
To save energy, you have to understand how you’re using it. Smart metering can measure your business’ energy consumption across your site throughout the day. This data can be collated and analysed automatically in consumption management software (aM&T software), so the information is easily-accessed to show you where you’re being wasteful, and how you can improve your current practices.
Auditing Your Invoices
Utility bills aren’t as accurate as you might think. In fact, they’re well-known for containing inaccurate pricing, thanks to estimated (rather than actual) billing and more commonly today, due to supplier billing errors. It’s crucial that you compare your energy usage with the sum you’ve been charged and validate your invoices. To save you time, an energy broker can take care of this for you.
On-Site Energy Survey
Inviting energy consultants to survey your building and plant could be the best thing you ever did for your profit margin. They can point out energy inefficiencies and suggest improvements to save energy and money. Prudently, you can implement free energy saving schemes, such as encouraging your staff to turn all the lights off when they leave the building – something as small as this could save up to £350m a year. Encourage your staff to recycle and be mindful of their energy usage, as your employees are one of the biggest drains on energy resources.
You can even generate your own energy on-site! By harnessing combined heat and power, you can become exempt from the Climate Change Levy and be viable for the Capital Allowance scheme, whilst with solar energy you can take advantage of the government’s Feed-In Tariffs pay-back scheme.
Strike While the Iron’s Hot
You can take advantage of dips in the wholesale energy market by using price tracking tools. From this, you can set-up your next contract in advance and benefit from the best energy prices. Some businesses make the mistake of waiting until their renewal date is on the horizon – bad move. The energy market is so volatile that it’s possible to work it to your advantage.
Out of Contract Tariffs
Don’t make the mistake of getting locked into expensive ‘out of contract’ tariffs. You could pay as much as 50% above the going rates. To avoid this, enlist the services of an independent energy broker, who can manage your whole portfolio for you, get you the best prices for your energy, suggest further improvements, audit your invoices, and generally keep your overhead costs down.
Once you’re stuck in an uncompetitive contract, you cannot fight your way out again. Stay one step ahead of businesses in your market by making energy your top strategic priority for the next decade. The changes you make today will directly impact how hard your business is hit in the future by rising energy prices.