Sunday, October 25, 2009
The indirect approach (either writing or speaking) is a waste of time and effort.
I think that the indirect approach to writing and speaking is a waste of time and effort. In a constantly changing business world, it is important that we get to the point as quickly as possible and move on with our progress. Real business should be done using the direct approach. The business world is too fast paced to require the recipient of the message to spend more time than would usually be required. Although sometimes the direct approach makes the author seem arrogant(http://faculty.winthrop.edu/kosterj/WRIT465/management/directapproach.htm), it is the most popular format for presenting business reports. The indirect approach may have its use outside of the business world but inside the direct approach is king.
Sunday, October 18, 2009
Letter writing is archaic and should not be taught any more.
I agree that letter writing is somewhat archaic in the constantly evolving world of technology. According to a study conducted by the Radicati Group, it is estimated that more than 210 billion emails are sent each day. (http://www.interactiveangle.com) Email is becoming a big part of business and many times eliminates the need for a letter. Although letter writing is becoming somewhat outdated, it is still important that proper letter writing is taught. A lot of information is still being communicated through letters. Not everyone has an email address but most people have an address where a letter could be delivered. Well written business letters will be a valuable tool for years to come.
Sunday, October 11, 2009
Attire for a business interview
Proper dress in an interview can make a lasting impression on the interviewer and could potentially lead to getting the job. Interviewees should dress in such a way that portrays professionalism. Men should dress in business suits with a conservative shirt and tie color combination. Women should also dress conservatively. Proper business attire is shown in the photograph above. Although getting a job is usually not based soley on dress, a well dressed job canidate will be taken seriously.
Sunday, October 4, 2009
Porter's five forces
This week in my management class we talked about Porter's five forces. In 1979 a student by the name of Michael E. Porter invented a business strategy that helped determine the attractiveness of a market. The following are the five sources:
1-The threat of substitute products
2-The threat of the entry of new competitors
3-The intensity of competitive rivalry
4-The bargaining power of customers
5-The bargaining power of suppliers
Obviously some of the five forces have more pull than others in specific markets. An example would be the threat of the entry of new competitors in the auto industry. The auto industry is an oligopoly and it would be very hard to enter into the market. Porter's five fources can be a very powerful tool in determining the attractiveness of a market especially to entrepreneurs.
1-The threat of substitute products
2-The threat of the entry of new competitors
3-The intensity of competitive rivalry
4-The bargaining power of customers
5-The bargaining power of suppliers
Obviously some of the five forces have more pull than others in specific markets. An example would be the threat of the entry of new competitors in the auto industry. The auto industry is an oligopoly and it would be very hard to enter into the market. Porter's five fources can be a very powerful tool in determining the attractiveness of a market especially to entrepreneurs.
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