Business Today
The Trends of Today's Business World - Tim Beyers says that one of the Biggest Market Opportunities is Cloud Computing. Cloud Computing is using the Internet to be the means in which services can be provided. According to Entrepreneur.com they say that the Hot Trends of 2009 are Classed into two groups of people. These two groups of people are the Baby Boomers and the Millennials. The trends that are "Hot" for these groups are - Green, Economy, Health, Web and Odds and Ends.
In a Article by the consultancy Brand Keys states that there are nine trends for business in 2009. They are Price, The Differentiation of their prices in comparison to other companies, Putting you product into the Media, Media Planning, Environmentally friendly product, Brands will need to identify and leverage new values, Brands to follow and address behavioral metrics, Consumer expectations will continue to grow, and Simplify.
The Trends of the Family are Clothes, Homes and Furnishings, Electronics, Cars and Hobbies.
Top Trends in Society and culture according to nowandnext.com are 1. Speeding up - Everything is speeding up thanks to our obsession with technology and efficiency. 2. Anxiety - The anxiety of wars and the distrust that is everywhere of everyone and everything. 3.Demographic change - Age, Marriage, and a Declining fertility rates are also changing but the change is very slow of either in increase or of a decrease. 4. Global and local - That is that Markets are really Global but they also reach to the locals in moving resorces all around the world to the consumers. 5. Happiness - Money can not buy you happiness so there is an increase in spirituality. 6. Authenticity - We are living false lives. 7. Memory - We live in a world that forgets. 8. Networked - We are all connected together. 9. US and them - That some people believe that the world is being carved up between America and our allies. 10. Personalization - Items that are fit to the buyers.
As a whole the Economy is in a recession. Hopefully this is only Temporally as many optimistics say and I join my voice with them. In reality this recession my take many more years to overcome. The Economy is affecting many if not all business. Companies make less but sometimes more depending on the Market but the overall picture more companies are being affected by the economy by cutting hours of operation, cutting back on salaries, lay offs, or just shutting their doors for a longer period of time during the year.
Business is becoming more competitive then ever. With all the commotion and turmoil in the world companies need reliable workers. Workers that can work and help them in these trying times. Having just a High-School education will not be enough in these time.
The Technology trends and forces impact every single company out there that want their company to increase in revenue and customer base. This is the ticket of becoming a Brand name. The best way that companies grow is by communication. As a company grows they may start out from just by the word of mouth, then progress to small means of advertizment such as the radio, then progress to the main stream media of television and the internet. The internet could be the best form of marketing becuase at any time and any where someone may look up your company. It would not cost the company very much to have a web domain. To mantain it would be something that if done regualary could bring in a lot of new costumer and be able to reach those in whom you can not reach to locally.
There should not have to be any government over sight of the business world but it seems that a few bad apple and ruin the bunch as the saying goes. Whether there should be more or less government over sight I would have to say that there should not be any more over sight then there is right now. The government was not instituted to watch over every little thing that the people do, specially in the pursuit of happiness. But right now it is quite needful to have the government watch over such companies that not only have a national impact but those companies that affect the global markets around the world.
In a Article by the consultancy Brand Keys states that there are nine trends for business in 2009. They are Price, The Differentiation of their prices in comparison to other companies, Putting you product into the Media, Media Planning, Environmentally friendly product, Brands will need to identify and leverage new values, Brands to follow and address behavioral metrics, Consumer expectations will continue to grow, and Simplify.
The Trends of the Family are Clothes, Homes and Furnishings, Electronics, Cars and Hobbies.
Top Trends in Society and culture according to nowandnext.com are 1. Speeding up - Everything is speeding up thanks to our obsession with technology and efficiency. 2. Anxiety - The anxiety of wars and the distrust that is everywhere of everyone and everything. 3.Demographic change - Age, Marriage, and a Declining fertility rates are also changing but the change is very slow of either in increase or of a decrease. 4. Global and local - That is that Markets are really Global but they also reach to the locals in moving resorces all around the world to the consumers. 5. Happiness - Money can not buy you happiness so there is an increase in spirituality. 6. Authenticity - We are living false lives. 7. Memory - We live in a world that forgets. 8. Networked - We are all connected together. 9. US and them - That some people believe that the world is being carved up between America and our allies. 10. Personalization - Items that are fit to the buyers.
As a whole the Economy is in a recession. Hopefully this is only Temporally as many optimistics say and I join my voice with them. In reality this recession my take many more years to overcome. The Economy is affecting many if not all business. Companies make less but sometimes more depending on the Market but the overall picture more companies are being affected by the economy by cutting hours of operation, cutting back on salaries, lay offs, or just shutting their doors for a longer period of time during the year.
Business is becoming more competitive then ever. With all the commotion and turmoil in the world companies need reliable workers. Workers that can work and help them in these trying times. Having just a High-School education will not be enough in these time.
The Technology trends and forces impact every single company out there that want their company to increase in revenue and customer base. This is the ticket of becoming a Brand name. The best way that companies grow is by communication. As a company grows they may start out from just by the word of mouth, then progress to small means of advertizment such as the radio, then progress to the main stream media of television and the internet. The internet could be the best form of marketing becuase at any time and any where someone may look up your company. It would not cost the company very much to have a web domain. To mantain it would be something that if done regualary could bring in a lot of new costumer and be able to reach those in whom you can not reach to locally.
There should not have to be any government over sight of the business world but it seems that a few bad apple and ruin the bunch as the saying goes. Whether there should be more or less government over sight I would have to say that there should not be any more over sight then there is right now. The government was not instituted to watch over every little thing that the people do, specially in the pursuit of happiness. But right now it is quite needful to have the government watch over such companies that not only have a national impact but those companies that affect the global markets around the world.
The Job Market
What trends do i see the in the job market? That is one good question. I do see that there may be a need for those that not only have a degree in a specific career but to be very diverse in their abilities is something i see in the future. This is very different from 10 to 15 years ago where you could work a company and retire with them but there is a lot of job unsecurity today. My dad over twenty years ago graduated from high school and was newly married and started working for a company. Since then he has had many jobs and has recently finish coloege with a bacheloer degree in graphic arts. My father saw long ago that getting an education and being diverse in your abilities makes you very valuable to those you work for and work with. Business has changed so much in the past 20 years this is mainly due to the new technologies that have been invented; internet, better computers; medical advances etc. This list would go on forever but the business world of 20 years ago is way out of todays global high tech world. There are many careers that become obsolete with time. Such as the milkman. His job is now taken over by the ability of delivering milk to places of where the demand is in a systematically manner.
I have already begone the challenge of getting as much education as possible. This does not mean just coming here to BYU-Idaho to learn but to seek out the best teachers and to be diligent in my studies to becoming a great asset in my future career. I want to be a great asset to building up the Kingdom of God in whatever way he would have me help in.
I have already begone the challenge of getting as much education as possible. This does not mean just coming here to BYU-Idaho to learn but to seek out the best teachers and to be diligent in my studies to becoming a great asset in my future career. I want to be a great asset to building up the Kingdom of God in whatever way he would have me help in.
Key Terms
Markets - Are any one of a variety of different systems, institutions, procedures, social relations and infrastructures whereby persons trade, and goods and services are exchanged, forming part of the economy.
Globalization - describes an ongoing process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of exchange.
Emerging Markets - Are used to describe a nation's social or business activity in the process of rapid growth and industrialization.
Trade Policy - is the voluntary exchange of goods, services, or both.
Comparative advantage - It is the ability to produce a product most efficiently given all the other products that could be produced.
Strategy - is a plan of action designed to achieve a particular goal.
Value Creation - is the primary financial performance indicator for measuring and evaluating financial performance within the Group. The model links operating income and asset efficiency with the cost of the capital employed in operations. The model measures and evaluates profitability by region, business area, product line, or operation.
Economics - the branch of social science that deals with the production and distribution and consumption of goods and services and their management.
Monetary Policy - is the process by which the government, central bank, or monetary authority of a country controls (i) the supply of money, (ii) availability of money, and (iii) cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of the economy.
Fiscal Policy - is the use of government spending and revenue collection to influence the economy.
Inflation - is a rise in the general level of prices of goods and services in an economy over a period of time.
Dow Jones Industrial Average - an indicator of stock market prices; based on the share values of 30 blue-chip stocks listed on the New York Stock Exchange.
Weak dollar vs. Strong Dollar - The two terms, weak dollar and strong dollar, are generalizations used in the foreign exchange market to describe the relative value and strength of the U.S. dollar against other currencies. The terms strong, weak, strengthening and weakening can be used to refer to any currency.
Recession - is a general slowdown in economic activity over a long period of time, or a business cycle contraction.
Globalization - describes an ongoing process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of exchange.
Emerging Markets - Are used to describe a nation's social or business activity in the process of rapid growth and industrialization.
Trade Policy - is the voluntary exchange of goods, services, or both.
Comparative advantage - It is the ability to produce a product most efficiently given all the other products that could be produced.
Strategy - is a plan of action designed to achieve a particular goal.
Value Creation - is the primary financial performance indicator for measuring and evaluating financial performance within the Group. The model links operating income and asset efficiency with the cost of the capital employed in operations. The model measures and evaluates profitability by region, business area, product line, or operation.
Economics - the branch of social science that deals with the production and distribution and consumption of goods and services and their management.
Monetary Policy - is the process by which the government, central bank, or monetary authority of a country controls (i) the supply of money, (ii) availability of money, and (iii) cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of the economy.
Fiscal Policy - is the use of government spending and revenue collection to influence the economy.
Inflation - is a rise in the general level of prices of goods and services in an economy over a period of time.
Dow Jones Industrial Average - an indicator of stock market prices; based on the share values of 30 blue-chip stocks listed on the New York Stock Exchange.
Weak dollar vs. Strong Dollar - The two terms, weak dollar and strong dollar, are generalizations used in the foreign exchange market to describe the relative value and strength of the U.S. dollar against other currencies. The terms strong, weak, strengthening and weakening can be used to refer to any currency.
Recession - is a general slowdown in economic activity over a long period of time, or a business cycle contraction.