The New Business World The NBWB offers original content on business, management, theory and careers. Statistics Unique Visitors: Total Unique Visitors: Outgoing: Total Outgoing: 0 0 0 8466

Articles from The New Business World

Protect Your Family from Disaster 2007-08-13 20:56:00 Your family is always in your mind. You think about raising your children to be strong, healthy, educated and smart but you might not have thought about their safety in case of an emergency. Most parents simply don’t know how to set up a disaster plan just in case things go wrong. AccessPoints is a secure online planning resource that helps individuals or families develop an emergency preparedness kit that will better organize personal, medical and financial information in order to minimize the damaging effects of a disaster. The Emergency Toolkit offers an interactive calculator that helps in calculating the proper amount of supplies and other necessary items based upon age, gender, disability and even animals/livestock. All information is secure but the user may choose to share the plan with trusted relativeshttp://www.thenewbusinessworld.blogspot.com ...

Teamwork Tips and Strategies 2007-08-13 19:16:00 Teamwork is a concept where all oars row in the same direction. Everyone must have a single focus if a business is going to achieve greater heights. Businesses can either take a general approach to developing a culture of teamwork or take a specific approach to making teamwork the focus. How they set up their approach will determine how successful they are.The key concepts in building team work are corporate culture, accountability, cross-functional teams and motivation. The more a business succeeds in putting these concepts in place the more success teams they will have. Leaving out anyone of these concepts can lead to teams that degenerate into useless mobs. For example a cross-functional team without motivation won’t get much done.Corporate culture defines the overall culture of the managers and workers within the business. If these managers are self-seeking, rude, opportunistic and unfair your corporate culture will be negative or self-destructive. However, if these managers are ...

The Truth About Mortgages Exposed! 2007-08-13 18:32:00 Owning a house is a huge milestone in most people’s lives. They like the feeling of owning something on their own and having the ability to improve this property as they see fit. Even better they don’t have to hear the thumps in the middle of the night that come from apartment buildings. If you are looking for a new home and are in need of a mortgage you might want to consider the blog entitled The Truth About Mortgage.com. It offers relevant information to both new and experienced home owners that is likely to help you achieve your home owning goals without being duped into high interest rates, risky financing and predatory lenders.For example the blog talks about the difference between banks and mortgage brokers when it comes to finding financing for property. Banks are generally considered more professional, deal directly with the customer and want to keep your business. However, mortgage brokers are more able to find you better deals, work with tricky financing and shop around ...

The Causes of Urban Decline 2007-08-13 10:04:00 Urban decay is becoming a bigger problem as educated workers keep moving to the suburbs to avoid crime, poor schools, taxes and racial tensions. These businesses also find that building new facilities in the suburbs is much cheaper than refurbishing old buildings for their needs. There are many reasons to move out of the city but only a few reasons to stay. City officials are further encouraging this flight by utilizing racial politics and high tax bases.Let us take the case of Comerica Bank and Detroit City as a relevant example. The cash strapped City of Detroit is always seeking ways of gaining new forms of revenue and to please city residents. The City of Detroit is 80% African American and has one of the highest poverty rates in the country. Even worse the police stations and schools are in such disrepair that the State of Michigan is considering coming in and running them. Companies like Comerica move out cities like Detroit because of cost, inability to recruit, lack of local ca ...

Detecting Employee Stock Option Fraud 2007-08-13 09:10:00 Even though it may seem like a good idea at the time backdating stock options for employee retention issues is not so bright. It may start out just find but in the end the attempt to maintain and recruit strong employees ends up being illegal due to recent court decisions. Many companies may not find themselves in legal troubles as the government cracks down.Ground Breaking Case:Consider the case of Gregory Reyes, a former human resource executive at Brocade Communications Systems. Mr. Reyes never backdated any of his personal stock options but he did for other employees that he was trying to either retain or recruit. Mr. Reyes was convicted of 10 counts which included fraud, falsified accounting, conspiracy and filling false statements.The conviction could mean that up to 140 other companies, including Apple, could be in line for government prosecution. Thus, 70 executives have either been fired or resigned after internal corporate investigations. These executives were either fired or ...

Farmers Earn Bundles Growing Corn for Ethanol 2007-08-11 23:31:00 Corn is big business and a needed boost for Midwest farmers who have been suffering from low prices and foreign competition. With ethanol these farmers actually have a chance to make some money and maintain profits. Even better the ethanol plants themselves can also make profits which in turn help the lagging economies of the Midwest. Farmers are currently getting $3.00 a bushel of corn which is at least $1.00 over the same price last year. Since the farmers grew so much corn in previous years, but there was no ethanol market, they have plenty of corn in storage which is suppressing markets. This excess is expected to clear out by the end of the year. Ethanol plants also have an additional benefit of adding significant capital to small towns. According to the study “Economic Impacts on the Farm Community of Cooperative Ownership of Ethanol Production� an ethanol plant owned in a cooperative format by local farmers will have 56% more contribution to the local community than an absen ...

Industries That Will Be Hiring in the Future 2007-08-10 20:02:00 If you are progressive you might be wondering which industries will be doing all of the hiring in the future. After all it makes sense to get into these industries if you are coming out of college or want to make a career change. As the economy changes so will the needs of society. The highest growth opportunities appear to be in education, health services and facilities management.Some of the reasons for change include a second Baby Boomer generation coming up, an aging population and growth in facilities throughout the country. Growth is calculated between 2004 and 2014 and it is staggering to see changes as much as 79% in a single industry. The top 5 major industries indicate where the drastic changes in society are. A shift in employment opportunities is apparent.The Top 10 Growth Industries:1.) Educational Support Services: Educational support services include food management, tutoring, IT, and any other industry that services schools. They are not engaged directly in the educatio ...

When Your Best Isn’t Enough? 2007-08-10 18:39:00 Sometimes your best simply isn’t enough. You have tried, tried again, and tried one more time and you can’t make it work. It doesn’t matter if it is in your career or in your business. Sometimes recognizing that the skills you have aren’t the right ones for the job may be a blessing in disguise.When you have been “bested” it is time to rethink how you do things. Simply because you want to become the CEO at your work or you want to make a million dollars selling bumper stickers doesn’t mean it is going to happen. Knowing why you weren’t successful, where your skills lie and where your knowledge is most useful is a huge component of success.Inventors have failed many times before they have successfully developed their new widget. The difference between them and us is that they have learned about themselves, their abilities and what they do the best. In many inventors cases they have failed at many projects before they successfully completed one. It is all about their abil ...

Champions Make Business Initiatives Successful 2007-08-10 14:16:00 Who or what actually comes up with all the great ideas that launch companies into the global market, increase revenue by leaps, or develops successful new product launches? Most management theorists believe that it is the internal processes and structure of the company that does the most help while others might see it as the sole result of individual effort. Something in the middle appears to be true. A dozen major U.S. and Japanese companies were analyzed over the past 20 years for to understand the causes of success and failure for major business initiatives (Peters & Waterman, 2005). Out of the 24 major business initiatives 15 were successful (profitable) while 9 were unsuccessful (unprofitable). In 14 of the 15 cases where a business initiative was successful a champion was cited as the reason for success. Of the 9 cases where the business initiative wasn’t successful only 3 were cited as a champion being the reason why they were not successful. We might assume that individual ef ...

Working with a Bully 2007-08-10 12:42:00 Few things are as frustrating as attempting to work around someone with a bad attitude and a vindictive personality. These coworkers let no opportunity to embarrass you pass, they are always there to criticize you and they refuse to provide the information you request. At every turn the attempt to damage you, belittle you or discredit you. This is a workplace bully. According to a poll conducted on About.com nearly three out of four people have someone at work that creates regular stress for them. These people make coming to work a chore because they demand, insult and treat people rudely. If you are feeling this way about a coworker and he or she simply won’t let up there are some options for you. Options for Dealing with Workplace Bullies:1.) The Human Resource Department: Ask your human resource representative if something can be done about a person, who habitually bullies you, embarrasses you and asks you to do their work. Tell them that you don’t feel comfortable around this p ...

A Decline in American Money Leaking to Mexico 2007-08-09 12:11:00 The great United States has afforded opportunities for nearly every national origin and ethnic group in the past 100 years. Many of the immigrants that have come here find lucrative jobs they wouldn’t have been able to find in their own country. They use this money not only for their own living expenses but also to support their families overseas. The amount of money leaving the country is in the billions of dollars.Problems arise because much of this money could have been used to purchase products and services from businesses in the United States. Therefore the money sent overseas is used to spark the economies of other nations instead of sparking growth in the U.S. For example, Mexico receives 11.4 billion dollars in money sent from Hispanic families in the U.S. (Central Bank of Mexico). That is a huge amount of money that could have supported tens of thousands of U.S. workers. The amount of money sent to Mexico from U.S. workers has increased 10% every year due to the growing Hisp ...

Handling Feelings of Work Entitlement 2007-08-09 10:30:00 Many workers assume that they are entitled to many more rights then they naturally are. This sense of entitlement creates problems for employers who want to stay focused on their operations and not on employee demands. No matter how much they try and hire the right employees with the right attitude they seem to continually come up short. These personality problems have a huge affect on the long-term viability of the organization. However, there are some solutions for companies that desire to motivate the “Entitled Generation”.The “Entitlement Generation” is described as those people born between 1979 and 1994 who are described as impatient, self-serving, disloyal, and unable to delay gratification (Ambel, 2005). Even though Brian Ambel highlights an important concept dates should most likely be expanded to include almost every generation after the Baby Boomer Generation.According to a study conducted by Wayne Hochwarter from Florida States University’s College of Business nea ...

Help For Children Falling Behind in Their Academic Studies 2007-08-09 10:00:00 Education is one of the most important investments you can make in a child. At youth this investment gives the highest return because their success at a young age will carry them through to college and into their adult careers. If your child is struggling in his or her studies they may pass their grade but still have difficulty with concepts the rest of their life. It is important to find them an Innovative Tutor to help them learn the subject properly, get good grades and have a successful career. Score is a tutoring service which helps children between the age of 4 and 14 succeed at their academic studies.http://www.thenewbusinessworld.blogspot.com ... Children

Understanding How Your Business Should Spend its Resources 2007-08-09 09:49:00 We get so busy running our businesses that we often get confused about what problems are important and which problems are not important. For many people they fail to put the proper components of their business in to perspective and don’t know how much time they should be allocating to each major section. In other words, they don’t have a clear concept of their business and how it is formed.You are so busy throughout the day dealing with each task that you feel as though you are unable to grow your business. It is almost as though your wheels are spinning in the mud but you aren’t going anywhere. Your engine is working hard but your business isn’t doing anything but shaking. With frustration you sit back in your desk chair and think about how to get unstuck.There is a good possibility that you are not spending your time in the most important functions of your business. Instead you are looking at the trees but missing the forest. In other words you are concentrating on the detail ...

Math Scores Add Up to Your Child's Future Success 2007-08-09 09:10:00 Math adds up to your child’s future career potential. Poor math skills means that your child may have difficult in the future understanding basic accounting, check balancing or even simple directions. How your child does today may affect him or her the rest of their lives. If your child is struggling now doesn’t it make sense to solve the problem today instead of waiting until they fall seriously behind other students? Score offers qualified Math Tutors that will work with your student to improve their grades and improve their understanding.http://www.thenewbusinessworld.blogspot.com ...