Remote working is a form of arrangement where the employee does not have to commute to the workplace. The rise and success of remote working have been facilitated by technological development. Technological advancements offer the ability to get work done despite the worker’s location and enable communication with coworkers and clients. These forms of technology include local area networks, collaborative software, conference calling, internet access, private visual networks cloud computing, video telephony and Voice over Internet Protocol (IP) technologies. Teleworking has been assisted by the technology involved in telecommunication, such as smartphones, tablet computers, laptops, landline telephones and desktop computers. There have also been developments of software that have come in handy to facilitate remote working, such as Zoom, Microsoft Teams, Cisco WebEx, Stack, WhatsApp and Google Meet. The history of remote working is traced back to the 1970s when Jack Nilles developed the name telework or telecommuting. Technology was Continue reading
Business Articles
The Validity of Corporate Welfare Concept in Contemporary Times
Corporate welfare should not be accepted at the expense of the social welfare in a country. Many western countries accept corporate welfare but reject social welfare based on economic development. They argue that the corporate enhances economic progress while the social promotes too much dependence that drags the economy. For instance, a poor mother and her daughter are said not to contribute anything to the productivity of the economy. Being capitalists and advocates of individualism, the countries fail to take seriously the support of the helpless and marginalized. However, corporate welfare is not a guarantee of a country’s success due to the following reasons. Firstly, welfare is inhuman and causes imbalance and instability in different institutions. The poor and minority groups in the society are robbed of the little wealth they possess to be transferred to the richer. The wealthy in society continue to accumulate more wealth while the lower-income Continue reading
Tips for Effective Management in a Global Enterprise
The most critical issue in the contemporary world is how to manage organizations effectively in the wake of the rapid global changes. In global enterprises, technology is changing at a remarkably fast rate and this trend calls for the management to redesign its organization to remain relevant. Competition is increasing in global enterprises as organizations aim at gaining competitive advantage over others. Different enterprises should change their manner of management in order to respond quickly to global changes. The organization needs to change its processes, structures, systems, and personnel from the inflexible modes to ones that can adapt quickly to global changes. The transformation of the organization is a crucial step to effective management and remaining on the lead in the global world. Effective management in a global enterprise involves the use of new management philosophies. The management philosophies start with the top management in the organization. The managers should apply Continue reading
Entrepreneurship Motivation among Students in India
The Indian economy was previously highly depended on agriculture; however, the current development in the industrial and service sectors requires entrepreneurship to also parallely progress, so, entrepreneurship in India requires ample motivation. Many aspects play a role in developing entrepreneurship: Educational institutions help develop requisite qualities like leadership and team spirit, help in the development of business plans, and the gaining of financial support, besides setting up TBIs and EDCs. Established businesses can help with internship, apprenticeship, and collaborations. Small scale industrial associations can also act as facilitators in prototype labs, and expositions. It is the view of a number of first generation entrepreneurs that entering into entrepreneurship demands a lot of drive and passion. Not only is the entrepreneur expected to be inspired by the idea behind the business, but business man must also have ample leadership potential in order to be able to take the responsibility in case Continue reading
Cultural Sensitivity is Crucial Factor in Company’s International Business Success
Due to progress in communication, transformation and technologies which have performed in development of world’s economy, people from different nations, cultures, languages and backgrounds are now communicating, meeting and doing business with each other more than ever. As there is increase in business activities between people from different nations, cultures, languages and backgrounds, companies who are operating internationally or which are going to be a global they have to concentrate on many factors to be a successful in international market. One of the significant factors among them is a culture. For the success of any business in variety of countries or regions it requires to have understanding of how cultural differences across and within nations can affect the way business is practiced. The main determinants of culture are religion, political philosophy, economical philosophy, education, language, social structure etc. Businesses have to understand and match with all this cultural determinants, as Continue reading
Problems and Challenges Faced by Entrepreneurs
Today, with the internet boom, entrepreneurs have become one of the most dynamic forces in the economy. Entrepreneurs are now driving the technology boom, which is itself driving much of the world’s economic growth. This makes entrepreneurs very important from a macro-economic perspective. They have become a broader economic phenomenon that has a major impact on the economy. As the globalism of business becomes even more widespread, this impact will be felt even more deeply. Entrepreneurs are already becoming a major force in developing nations and in the economy worldwide. The scope of what entrepreneurship involves will continue to change and evolve as the world continues to change and evolve, and yet there are some common issues of how to start a business, how to finance the business, how to run the business that within this community we can share and learn from each other. While we still have many Continue reading