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Why Business Ethics Are Necessary ?

Before we tend to look for to find out some of the business ethics that business folks ought to embrace, it’s needful to first perceive what the word ‘ethics’ refers to.

Ethics are a set of moral principles that are recognized in respect to a specific class of human actions or a specific group, for instance the medical ethics, legal ethics, teaching ethics that brings along individuals of the same profession.

These principles handle values regarding human conduct with respect to ideas like being sensible or unhealthy, noble or ignoble, wrong or right etc. These values guide members of a group to act in a very manner that’s in keeping with the values and standards as established. Business ethics are those virtues that business individuals apply when making business decisions. They’re the standards expected inside the business world, even if they’re not written down and that business people must adopt. For instance business individuals are expected to afflict least suffering to their customers, being truthful in their dealings and nurturing an everlasting virtuous company character in totality.

Business ethics are important because they keep business individuals to work at intervals a moral and legal pedestal that not only leaves them glad internally but also will increase sales as a result of most people like dealing or doing business with honest businessmen. Conjointly if the public or your potential customers perceive you to be engaging in improper business deals, they can shun you.

Smart business ethics ought to be embraced by all businessmen as a result of partaking in unethical practices, that might include breaking the law, might cause serious fines or lack of trust by members of the public. Some of the business ethics embody the following:

1. Being trustful by recognizing that customer is that the king. Customers want to try and do business with firms they trust and that they perceive to be showing them respect. When a business entity is trusted, it creates a loyal clientele.

2. Business people ought to be ready to satisfy the obligations of their customers and business partners irrespective of anything else. Business individuals should supply their end of the bargain in the slightest degree cost as a result of this is often the sole approach to cement client and business partner’s loyalty.

3. Participating in fair trading practices like guaranteeing a secure workplace for your employees, truthful pricing for your products, that will at least cowl the value of production and treating you customers well among others can guarantee a high business turnover.

4. Each businessman wakes up every day with the intent to form profit. When a business operates inside ethical realms, there can continuously be clear indications for growth. Equally, a business needs to make profit thus as to satisfy its ethical obligations to the company, its workers, the authorities and customers.

5. In essence, being ethical as a business person builds similar to reliability and establishes reputation along with your customers, the 2 things that are terribly important to a business.

Most business individuals do not take a keen interest in implementing business ethics. Most of them suppose that creating profit is the foremost important thing but as they notice later, irrespective of how exhausting they strive, they do not achieve their objectives.

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June 4, 2010 Posted by | Business | , , , , | 1 Comment

Africa – China ( Cultural Revolution ) part 1

The railroad—known as the Tazara line—was built by China in the early 1970s, at a cost of nearly $500 million, an extraordinary expenditure in the thick of the Cultural Revolution, and a symbol of Beijing’s determination to hold its own with Washington and Moscow in an era when Cold War competition over Africa raged fierce. At the time of its construction, it was the third-largest infrastructure project ever undertaken in Africa, after the Aswan Dam in Egypt and the Volta Dam in Ghana.

Today the Tazara is a talisman of faded hopes and failed economic schemes, an old and unreliable railway with too few working locomotives. Only briefly a thriving commercial artery, it has been diminished by its own decay and by the roads and air routes that have sprung up around it. Maintenance costs have saddled Tanzania and Zambia with debts reportedly as high as $700 million in total, and the line now has only about 300 of the 2,000 wagons it needs to function normally, according to Zambian news reports.

Yet the railway traces a path through a region where hopes have risen again, rekindled by a new sort of development also driven by China—and on an unprecedented scale. All across the continent, Chinese companies are signing deals that dwarf the old railroad project. The most heavily reported involve oil production; since the turn of the millennium, Chinese companies have muscled in on lucrative oil markets in places like Angola, Nigeria, Algeria, and Sudan. But oil is neither the largest nor the fastest-growing part of the story. Chinese firms are striking giant mining deals in places like Zambia and the Democratic Republic of the Congo, and building what is being touted as the world’s largest iron mine in Gabon. They are prospecting for land on which to build huge agribusinesses. And to get these minerals and crops to market, they are building major new ports and thousands of miles of highway.

In most of Africa’s capital cities and commercial centers, it’s hard to miss China’s new presence and influence. In Dar, one morning before my train trip, I made my way to the roof of my hotel for a bird’s-eye view of the city below. A British construction foreman, there to oversee the hotel’s expansion, pointed out the V-shaped port that the British navy had seized after a brief battle with the Germans early in the First World War. From there, the British-built portion of the city extended primly inland, along a handful of long avenues. For the most part, downtown Dar was built long ago, and its low-slung concrete buildings, long exposed to the moisture of the tropics, have taken on a musty shade of gray.

“Do you see all the tall buildings coming up over there?” the foreman asked, a hint of envy in his voice as his arm described an arc along the waterfront that shimmered in the distance. “That’s the new Dar es Salaam, and most of it is Chinese-built.”

I counted nearly a dozen large cranes looming over construction sites along the beachfront Msasani Peninsula, a sprawl of resorts and restaurants catering mostly to Western tourists. Near them, sheltered coyly behind high walls, lie upscale brothels worked by Chinese prostitutes. In the foreground, to the northwest, sits Kariakoo, a crowded slum where Chinese merchants flog refrigerators, air conditioners, mobile phones, and other cheap gadgets from narrow storefronts. To the south lies Tanzania’s new, state-of-the-art, 60,000-seat national sports stadium, funded by China and opened in February 2009 by President Hu Jintao.

“Statistics are hard to come by, but China is probably the biggest single investor in Africa,” said Martyn Davies, the director of the China Africa Network at the University of Pretoria. “They are the biggest builders of infrastructure. They are the biggest lenders to Africa, and China-Africa trade has just pushed past $100 billion annually.”

Davies calls the Chinese boom “a phenomenal success story for Africa,” and sees it continuing indefinitely. “Africa is the source of at least one-third of the world’s commodities”—commodities China will need, as its manufacturing economy continues to grow—“and once you’ve understood that, you understand China’s determination to build roads, ports, and railroads all over Africa.”

Davies is not alone in his enthusiasm. “No country has made as big an impact on the political, economic and social fabric of Africa as China has since the turn of the millennium,” writes Dambisa Moyo, a London-based economist, in her influential book, Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa. Moyo, a 40-year-old Zambian who has worked as an investment banker for Goldman Sachs and as a consultant for the World Bank, believes that foreign aid is a curse that has crippled and corrupted Africa—and that China offers a way out of the mess the West has made.

“Between 1970 and 1998,” she writes, “when aid flows to Africa were at their peak, poverty in Africa rose from 11 percent to a staggering 66 percent.” Subsidized lending, she says, encourages African governments to make sloppy, wasteful decisions. It breeds corruption, by allowing politicians to siphon off poorly monitored funds. And it forestalls national development, which she says begins with the building of a taxation system and the attraction of foreign commercial capital. In Moyo’s view, even the West’s “obsession with democracy” has been harmful. In poor countries, she writes, “democratic regimes find it difficult to push through economically beneficial legislation amid rival parties and jockeying interests.” Sustainable democracy, she feels, is possible only after a strong middle class has emerged.

In its recent approach to Africa, China could not be more different from the West. It has focused on trade and commercially justified investment, rather than aid grants and heavily subsidized loans. It has declined to tell African governments how they should run their countries, or to make its investments contingent on government reform. And it has moved quickly and decisively, especially in comparison to many Western aid establishments. Moyo’s attitude toward the boom in Chinese business in Africa is amply revealed by the name of a chapter in her book: “The Chinese Are Our Friends.” Perhaps what Africa needs, she notes, is a reliable commercial partner, not a high-minded scold. And perhaps Africa should take its lessons from a country that has recently pulled itself out of poverty, not countries that have been rich for generations.

“I would say this is a transformational moment for Africa,” Moyo told me from London last spring. “I see the explosive development of infrastructure. I see people producing more food and having more jobs … And besides, I don’t see how otherwise you are going to get a civil society, except by building up a middle class.”

Even taking the recent global downturn into account, this has been a hopeful time for a historically downtrodden continent. Per capita income for sub-Saharan Africa nearly doubled between 1997 and 2008, driven up by a long boom in commodities, by a decrease in the prevalence of war, and by steady improvements in governance. And while the downturn has brought commodity prices low for the time being, there is a growing sense that the world’s poorest continent has become a likely stage for globalization’s next act. To many, China—cash-rich, resource-hungry, and unfickle in its ardor—now seems the most likely agent for this change.

But of course, Africa has had hopeful moments before, notably in the early 1960s, at the start of the independence era, when many governments opted for large, state-owned economic schemes that quickly foundered, and again in the 1970s, another era of booming commodity prices, when rampant corruption, heavy debt, and armed conflict doomed any hopes of economic takeoff.

China’s burgeoning partnership with Africa raises several momentous questions: Is a hands-off approach to governmental affairs the right one? Can Chinese money and ambition succeed where Western engagement has manifestly failed? Or will China become the latest in a series of colonial and neocolonial powers in Africa, destined like the others to leave its own legacy of bitterness and disappointment? I was heading south on the Tazara—through the past and into the future, to the sites of some of China’s most ambitious efforts on the continent—to try to get some early sense of how the whole grand project was proceeding.

May 29, 2010 Posted by | Africa, China, Travel & Tourism | , , , , , , , , , | Leave a comment

Gulf of Mexico Oil Spill

The administration is blaming BP for the disaster in the Gulf of Mexico, which Janet Napolitano declared a “spill of national significance.” Oil will reach the Mississippi Delta on Friday.

HP Main - Gulf of Mexico Oil Spill

Homeland Security Secretary Janet Napolitano declared the massive disaster in the Gulf of Mexico a “spill of national significance” on Thursday, meaning federal resources will now be directed at cleanup—with the bill going to BP, the operator of the sunken rig that caused the leak. Oil is expected to wash ashore in the Mississippi Delta on Friday. The Wall Street Journal reports that the spill could have been prevented by a simple remote “off” switch, which the rig lacked. The oil spill is now estimated to be five times as big as previously thought—likely bigger than the Exxon Valdez spill in 1989. BP’s Chief Operating Officer Doug Suttles admitted to the new figure on NBC’s Today show Thursday morning. “We’ll take help from anyone,” Suttles said of the clean-up efforts. Crews began setting the oil on fire Wednesday to control environmental damage. Eleven workers missing from the BP rig are thought dead.

May 29, 2010 Posted by | Off Topig, Politics | , , , , , , , , , , , , , | Leave a comment

How a Psychic Can Help Your Business

Psychics are incredibly good at reading people and understanding what makes people tick, so how can a business benefit from these gifts.

Example of Psychics Helping Businesses.

Imaging you are writing a book and you want to get some intuitive feedback on what title will get you the most sales. You know doubt have a few titles in mind so who better to advise you how people will react than a psychic.

This is not common knowledge but psychics are frequently called by TV companies to get an intuitive feel on what proposed TV shows are likely to be a hit and worthy of investment.

Did you know that 9 out of 10 new products that are launched into the market fail miserable in their first year, so getting an edge can make a dramatic impact on your bottom line? New restaurants run with the same statistic, what should you offer your customers, where should you do it and how should you do it. When only 10% are successful you need all the help you can get.

Have you considered whether your proposed or existing business partner or employee is a good fit for your business? It may be that you are astrologically not compatible or they have a weakness for gambling, alcohol or drugs that may tempt them to fraudulently remove money from your business.

There are a number of real estate brokers looking for advice on what price is the best price to maximize the most interest in a property while making sure they get the best deal for their client. Get your numbers wrong too often and you are soon out of business.

Investors are another interesting source of psychic consultations. You can crunch the numbers, interview the business owners and do market research however sometime your gut feeling is holding you back and you really need more insight whether you should invest or not.

As you can see from the above all of these are significant financial decisions that could make the difference between success and failure. The psychic comes into their own by giving you a different perspective and open up discussions that expand on analysis of only the facts you have at hand. When you need an edge on your competition then psychic readings may well the edge your competitors have over you that you have not explore yet.

Psychics will not get it right every single time as life has too many variable however if you can just tip the scales a little more in your favor then your business will be transformed when your making more success orientated decisions.

May 20, 2010 Posted by | Psychology | , , | Leave a comment

About New York Business Insurance

New York Business Insurance can be put into one word: Service.
Even though there are business insurance companies galore each one should be dedicated to giving the best service possible.
Service designed with your company in mind to help reduce any losses and to control your insurance costs.

New York Business Insurance can be put into one word: Service.
Even though there are business insurance companies galore each one should be dedicated to giving the best service possible.
Service designed with your company in mind to help reduce any losses and to control your insurance costs.
Also to have honest, fair and prompt service regarding coverage, loss and claims.
Any business insurance company worth their salt will want to establish a good relationship with their clients.
Where the motto should be that they do not just work for an insurance company, they work for you. You as the client are what should matter.
There are many different types of business insurance. You will want to check and compare prices and policies. There are as many different prices and policies as there are insurance companies. It could make all the difference in the world by taking some time to look into what the business insurance companies have to offer.
From general liability to group health. From professional liability to workers compensation.
Your company’s specific needs are examined and then tailor made to fit your budget, and your standards. Whether you have employees or not. Whether you have business use automobiles or not.
There is also Crime Insurance for burglaryFree Articles, robbery and theft. Fidelity Bond Insurance protects a business against losses that are due to fraudulent employee acts.
Depending on how large a company you have there is even Directors Liability Insurance. Coverage provided for the costs of legal fees and other court costs if they are sued as individuals.
No matter how small or how large your company is there is a business insurance that will take care of all your coverage needs.

May 17, 2010 Posted by | Business | , , , , , , , , | Leave a comment

Why Social Networking Your Way Won’t Build Your Business

Believe it or not, social networking isn’t the next best thing… You are! It’s the personal connection that still seals the deal.

The Internet, social networking, and other breakthroughs in technology have fundamentally changed the way we do business. New technology drives communications, messaging, and information access at warp speed, and our clients expect immediate access. This pattern of ever-increasing speed and sophistication not only creates an intensely competitive marketplace, but places further demands on us to act and react quickly.

The rise of social media sites such as Facebook, Twitter, MySpace, YouTube, and LinkedIn have lured many sales pros into scaling back their personal interactions and relying on social media to get more “qualified leads.”

It’s time to get real!

Social Media Is a Powerful Tool for Three Things and Three Things Only

1. Search engine optimization: Use your key words and raise your presence on the web.

2. Find out who people are: Learn about a person’s background and your connections.

3. Find out who people know: Look for close connections that you can leverage

Some salespeople tell me they actually get clients through social media. Well, maybe if you have a commodity business.

Could it happen?

Yes.

Do I rely on it?

Absolutely not! I only count on what I bring about-through a proactive, intentional, referral strategy with personal introductions.

Why Social Networking Your Way Won’t Bring You More Leads and Sales

The most important business decisions are still based on personal relationships. There is significant research about why customers make buying decisions. Bottom line: It’s because they like and trust the salesperson and his organization. Think about it. We’re selling services, investments, systems, products… we’re asking for people’s time and money! Why would they work with someone who hasn’t been referred?

There’s a saying in sales: Clients buy with emotion and justify with fact. If our clients don’t like us or don’t feel comfortable with us, they won’t buy from us. You can wow your clients with technology know-how now and try to win them over later, once they find out you’re honest and reliable. But the reality is you need people to start liking you within the first few seconds of your relationship. You need to start off on the right foot. Fancy gizmos won’t make that happen. But a trusted referral and a personal connection will.

That’s why Eric Schmidt, Chairman and CEO of Google, in his commencement address to the graduating class of the University of Pennsylvania in May 2009, urged college graduates to step away from the virtual world and make human connections. “Turn off your computer. You’re actually going to have to turn off your phone and discover all that is human around us.”

That said, a social media presence is a must-have in today’s world-but you need to change the way you’re social networking.

3 Ways to Get More Leads and Sales with Social Networking and Referral Marketing

1. Develop a social media strategy: Like a sales plan or a marketing plan, write your social media plan. What is your goal? Who is your audience? What do you want to communicate? Leverage social media as part of your go-to-market strategy. How does your strategy link to your customer’s needs and your business priorities?

2. Establish relationships: Take the time to build your personal connections, pick up the phone and talk to people. Just because you have a name in hand, doesn’t mean you have a relationship.

3. Communicate useful information: Social sites are not for selling. They are for establishing connections, identifying ways to collaborate, and providing value. What tips can you provide? Link to other sites you strongly recommend. Get recognized as the expert and build your web presence. Be a resource.

To Trust You Paves the Way

The most energizing and exciting part of our work is the relationships with our clients-the interaction. We enjoy learning about our client’s business and matching our solutions to their needs. In an era dominated by ever-expanding technology and social media pressures, always remember that personal connections, referrals, and earning trust count most.

May 16, 2010 Posted by | Business, Networking | , , , , , , , | Leave a comment