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Messages - sajib

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Business & Entrepreneurship / Re: Motivational quote
« on: June 12, 2017, 03:20:33 PM »
“The world breaks everyone, and afterward, some are strong at the broken places.” —Ernest Hemingway

Business Administration / Re: Planning
« on: June 07, 2017, 04:18:27 PM »
Definition :The process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the goals.

Business & Entrepreneurship / Re: MOTIVATION
« on: May 30, 2017, 10:03:09 AM »
Motivation is the word derived from the word ’motive’ which means needs, desires, wants or drives within the individuals. It is the process of stimulating people to actions to accomplish the goals. In the work goal context the psychological factors stimulating the people’s behaviour can be -

1. desire for money
2. success
3. recognition
4. job-satisfaction
5. team work, etc

One of the most important functions of management is to create willingness amongst the employees to perform in the best of their abilities. Therefore the role of a leader is to arouse interest in performance of employees in their jobs. The process of motivation consists of three stages:-

-A felt need or drive
-A stimulus in which needs have to be aroused
-When needs are satisfied, the satisfaction or accomplishment of goals.

Therefore, we can say that motivation is a psychological phenomenon which means needs and wants of the individuals have to be tackled by framing an incentive plan.

Business & Entrepreneurship / Re: Time value of money
« on: May 30, 2017, 09:59:04 AM »
The concept that holds that a specific sum of money is more valuable the sooner it is received. Time value of money is dependent not only on the time interval being considered but also the rate of discount used in calculating current or future values.

Business & Entrepreneurship / HOW TO DECIDE ON A BRAND ARCHITECTURE
« on: November 19, 2016, 04:52:25 PM »
The relationship between your business and your brand is called brand architecture. Brand architecture neatly packages the segments of your business into a single, understandable entity. Most brands qualify as one of three types of brand architecture:

Parent-dominant brands: Businesses that follow this form of brand architecture introduce each new product brand under the strong business brand identity of the parent organization. Adopt a parent-dominant branding strategy if

Your business has a modest marketing department and budget.

All your products support a single business brand image and promise.

You want to heighten the value of your business brand as part of a long-term plan to prepare your business for growth or sale.

Parent-endorsed brands: These brands enter the marketplace as their own brands but have the strong and visible endorsement of their parent organizations. The brand emphasis is on the product, but the business brand adds instant credibility. Consider a parent-endorsed branding strategy if

You have the staff and financial resources to build a number of brands.

You want to build strong visibility and equity for each individual brand.

You want to appeal to new target audiences whose interests may be easier to reach with a new brand than with the identity of your parent brand.

You compete in an arena where all other businesses brand each line.

Parent-silent brands: These brands are owned by their parent companies but stand entirely on their own in the marketplace.

Green tea has been used as a medicine for thousands of years, originating in China but widely used throughout Asia this beverage has a multitude of uses from lowering blood pressure to preventing cancer. The reason that green tea has more health benefits attached to it than black tea is (apparently) due to the processing. Black tea is processed in a way that allows for fermentation whereas green tea’s processing avoids the fermentation process. As a result, green tea retains maximum amount of antioxidants and poly-phenols the substances that give green tea its many benefits.

Here’s a list of some of its amazing benefits — benefits that you may not have been aware of. Some of these benefits are still being debated, so please do your own research if you want to use green tea for medicinal purposes.

Weight Loss. Green tea increases the metabolism. The polyphenol found in green tea works to intensify levels of fat oxidation and the rate at which your body turns food into calories.

Diabetes. Green tea apparently helps regulate glucose levels slowing the rise of blood sugar after eating. This can prevent high insulin spikes and resulting fat storage.

Heart Disease. Scientists think, green tea works on the lining of blood vessels, helping keep them stay relaxed and better able to withstand changes in blood pressure. It may also protect against the formation of clots, which are the primary cause of heart attacks.

Esophageal Cancer. It can reduce the risk of esophageal cancer, but it is also widely thought to kill cancer cells in general without damaging the healthy tissue around them.

Cholesterol. Green tea reduces bad cholesterol in the blood and improves the ratio of good cholesterol to bad cholesterol.
Alzheimer’s and Parkinson’s. It is said to delay the deterioration caused by Alzheimer’s and Parkinson’s. Studies carried out on mice showed that green tea protected brain cells from dying and restored damaged brain cells.

Tooth Decay. Studies suggests that the chemical antioxidant “catechin” in tea can destroy bacteria and viruses that cause throat infections, dental caries and other dental conditions.

Blood Pressure. Regular consumption of green tea is thought to reduce the risk of high blood pressure.

Depression. Theanine is an amino acid naturally found in tea leaves. It is this substance that is thought to provide a relaxing and tranquilizing effect and be a great benefit to tea drinkers.

Anti-viral and Anti-bacterial. Tea catechins are strong antibacterial and antiviral agents which make them effective for treating everything from influenza to cancer. In some studies green tea has been shown to inhibit the spread of many diseases.

Skincare. Green tea can apparently also help with wrinkles and the signs of aging, This is because of their antioxidant and anti-inflammatory activities. Both animal and human studies have demonstrated that green tea applied topically can reduce sun damage.

Business & Entrepreneurship / Re: Classified balance sheet
« on: September 21, 2016, 04:45:50 PM »
A classified balance sheet is a financial statement that reports asset, liability, and equity accounts in meaningful subcategories for readers’ ease of use. In other words, it breaks down each of the balance sheet accounts into smaller categories to create a more useful and meaningful report.

Goods don't sell by themselves. You need to promote them, advertise, hire middlemen do all sorts of things to get them sold. These are  selling and distribution expenses which are crucial if the company wants to sell its products. COGS + selling & distribution expenses= cost of sales.

MBA Discussion Forum / Re: Entrepreneurship
« on: August 27, 2016, 05:16:02 PM »

The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses.

In economics, entrepreneurship combined with land, labor, natural resources and capital can produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nation's ability to succeed in an ever changing and increasingly competitive global marketplace.

Career Opportunity / Re: Key to Success
« on: August 27, 2016, 05:07:49 PM »
The combination of important facts that is required in order to accomplish one or more desirable business goals.

Read more:

Be a Leader / Re: Leadership
« on: August 27, 2016, 05:00:07 PM »

Leadership involves:

1. establishing a clear vision,
2. sharing that vision with others so that they will follow willingly,
3. providing the information, knowledge and methods to realize that vision, and
4. coordinating and balancing the conflicting interests of all members and stakeholders.

Read more:

Principles Of TQM


1- Be Customer focused: Whatever you do for quality improvement, remember that ONLY customers determine the level of quality. Whatever you do to foster quality  improvement, training employees, integrating quality into processes management, ONLY customers determine whether your efforts were worthwhile.

 2-Insure Total Employee Involvement: You must remove fear from work place, then empower employee... you provide the proper environment.

3- Process Centered: Fundamental part of TQM is to focus on process thinking.

4- Integrated system:  All employee must know the business mission and vision. An integrated business system may be modeled by MBNQA or  ISO 9000

5- Strategic and systematic approach: Strategic plan must integrate quality as core component.

6-  Continual Improvement: Using analytical, quality tools, and creative thinking to become more efficient and effective.

7- Fact Based Decision Making: Decision making must be ONLY on data, not personal or situational thinking.

8- Communication: Communication strategy, method and timeliness must be well defined.

Humanities & Social Science / Re: 21 tips for time management
« on: February 22, 2016, 02:52:36 PM »

    Create a daily plan. Plan your day before it unfolds. Do it in the morning or even better, the night before you sleep. The plan gives you a good overview of how the day will pan out. That way, you don’t get caught off guard. Your job for the day is to stick to the plan as best as possible.

    Peg a time limit to each task. Be clear that you need to finish X task by 10am, Y task by 3pm, and Z item by 5:30pm. This prevents your work from dragging on and eating into time reserved for other activities.

    Use a calendar. Having a calendar is the most fundamental step to managing your daily activities. If you use outlook or lotus notes, calendar come as part of your mailing software. Google Calendar is great – I use it. It’s even better if you can sync it to your mobile phone and other hardwares you use – that way, you can access your schedule no matter where you are.

    Use an organizer. The organizer helps you to be on top of everything in your life. It’s your central tool to organize information, to-do lists, projects, and other miscellaneous items.

    Know your deadlines. When do you need to finish your tasks? Mark the deadlines out clearly in your calendar and organizer so you know when you need to finish them.

    Learn to say “No”. Don’t take on more than you can handle. For the distractions that come in when you’re doing other things, give a firm no. Or defer it to a later period.

    Target to be early. When you target to be on time, you’ll either be on time or late. Most of the times you’ll be late. However, if you target to be early, you’ll most likely be on time. For appointments, strive to be early. For your deadlines, submit them earlier than required.

    Time box your activities. This means restricting your work to X amount of time. Read more about time boxing: #5 of 13 Strategies To Jumpstart Your Productivity.

    Have a clock visibly placed before you. Sometimes we are so engrossed in our work that we lose track of time. Having a huge clock in front of you will keep you aware of the time at the moment.

    Set reminders 15 minutes before. Most calendars have a reminder function. If you’ve an important meeting to attend, set that alarm 15 minutes before.

    Focus. Are you multi-tasking so much that you’re just not getting anything done? If so, focus on just one key task at one time. Close off all the applications you aren’t using. Close off the tabs in your browser that are taking away your attention. Focus solely on what you’re doing. You’ll be more efficient that way.

    Block out distractions. What’s distracting you in your work? Instant messages? Phone ringing? Text messages popping in? I hardly ever use chat nowadays. The only times when I log on is when I’m not intending to do any work. Otherwise it gets very distracting. When I’m doing important work, I also switch off my phone. Calls during this time are recorded and I contact them afterward if it’s something important. This helps me concentrate better.

    Track your time spent. Egg Timer is a simple online countdown timer. You key in the amount of time you want it to track (example: “30 minutes”, “1 hour”) and it’ll count down in the background. When the time is up,the timer will beep. Great way to be aware of your time spent.

    Don’t fuss about unimportant details You’re never get everything done in exactly the way you want. Trying to do so is being ineffective. Read more: Why Being A Perfectionist May Not Be So Perfect.

    Prioritize. Since you can’t do everything, learn to prioritize the important and let go of the rest. Apply the 80/20 principle which is a key principle in prioritization. Read more about 80/20 in #6 of 13 Strategies To Jumpstart Your Productivity.

    Delegate. If there are things that can be better done by others or things that are not so important, consider delegating. This takes a load off and you can focus on the important tasks.

    Batch similar tasks together. For related work, batch them together. For example, my work can be categorized into these core groups: (1) writing (articles, my upcoming book) (2) coaching (3) workshop development (4) business development (5) administrative. I batch all the related tasks together so there’s synergy. If I need to make calls, I allocate a time slot to make all my calls. It really streamlines the process.

    Eliminate your time wasters. What takes your time away your work? Facebook? Twitter? Email checking? Stop checking them so often. One thing you can do is make it hard to check them – remove them from your browser quick links / bookmarks and stuff them in a hard to access bookmarks folder. Replace your browser bookmarks with important work-related sites. While you’ll still check FB/Twitter no doubt, you’ll find it’s a lower frequency than before.

    Cut off when you need to. #1 reason why things overrun is because you don’t cut off when you have to. Don’t be afraid to intercept in meetings or draw a line to cut-off. Otherwise, there’s never going to be an end and you’ll just eat into the time for later.

    Leave buffer time in-between. Don’t pack everything closely together. Leave a 5-10 minute buffer time in between each tasks. This helps you wrap up the previous task and start off on the next one.

Be a Leader / Re: 20 motivational quotes for job seekers:
« on: December 24, 2015, 09:19:00 AM »

Be a Leader / Re: 9 principle to be a leader
« on: December 24, 2015, 09:14:56 AM »
Brad Sugars' 10 Principles of Leadership:

   - Know yourself and seek self-improvement. In order to know yourself, you have to understand your "be", "know", and "do" attributes. This is possible by continually strengthening your attributes by reading and self-study.

   - Be technically proficient. As a leader, you must know your job and have a solid familiarity with your employees' jobs.

    -Seek responsibility and take responsibility for your actions. Search for ways to guide your organization to new heights. And when things go wrong, do not blame others.

    -Make sound and timely decisions. Use good problem solving, decision-making, and planning tools.

    -Set the example. Be a good role model for you employees. They will believe what they see - not what they hear.

    -Know your people and look out for their well-being. Know human nature and the importance of sincerely caring for your workers.

   - Keep your people informed. Know how to communicate with your people, seniors, and other key people within the organization.

    -Develop a sense of accountability, ownership and responsibility in your people. These traits will help them carry out their professional responsibilities.

    -Ensure tasks are understood, supervised, and accomplished. Communication is the key to this responsibility.

    -Train your people as a team. By developing team spirit, you will be able to employ your organization, department, section, etc. to its fullest capabilities.

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