WHAT IS BUSINESS

Understanding Business is basically an Economic activity of buying and selling, with the aim of the buyer and the seller get the price difference from the capital he issued, in short the business is buying and selling activities! Not more not less! And Business comes from the word busy which means busy.

What is Business, is business different from trade? There are some who think that business is business, while trade is different from business! Regardless of whether or not true, business and trade can almost be said that is a buying and selling activity to get a profit! Perhaps if hearing the word trade, there is the impression that the trade is identical to the traditional activity, while the business is synonymous with modern activities.

Business activity is present because there is a significant amount of market demand, and the seller sees potential profit, if it can provide the demand for the product! Business or commercial activity will not occur if there is no demand from the market, the seller has already known it based on his observations, in the past the basic knowledge of buying and selling is unknown and not well integrated, and each area has different price standards – so many merchants travel on expeditions where they aim to get cheap goods somewhere or different areas especially for spice products where at that time there is a very high demand!

Business basically promises wealth, fun and prosperity if we can play it well, but not everyone has the talent to do business, maybe everyone can dream, and can hope, but business activities will not be as easy as imagined, there are several factors Which will affect the success of the business itself either mentality, attitude (attitude), intelligence. (Due to great interest / expert because of likes), the last is the experience factor.

Did you know that 99% of the people around us have dreamed of being a successful businessman but who achieve that dream is no more than 10%, sounds ironic and tragic, but that’s the reality in business, lots of enthusiasts but few are successful and do not be surprised There are many out there who sell products related to successful business secrets and such if the question is whether the product product that is circulating about the successful business is true who knows maybe if the product is used as a basic material to better understand what is business, and deeper, why Not? At least their product is only worth 100 thousands or its surroundings

In today’s all-round “hard” job search, what’s wrong if we make our own business or business. Do not have the capital? Do not worry, we can start a business with a small capital but if we run properly and earnestly, surely can produce a good profit. And I think this is just one example that we can start: Selling Electric Pulses. Why electrical pulses? Because the electrical pulses are needed for students, yes because in the campus environment it is unlikely that there is a sale of pulses. Maybe if outside the campus is there but if the lazy road would prefer to buy the same us instead of having to walk out of campus, not to mention if the campus is big right. good luck!!!

 

What Is Business Management

 

Business management will be very useful when you run a business activity. Management itself is a science that deals with various matters related to the arrangement, design and supervision of an activity including the business. The term management comes from the word in Italian language manggiare or that has a sense of control. According to Marg Parker Foler, management is the art of getting things done through the work of others. This art is also a way to achieve a certain goal that can provide benefits for the whole organization as well as some parties. In addition, management is also taken from a word in English that is manage which has a sense of organizing or managing.

Business has a definition as one type of activity that aims to sell products of products in the form of goods or services. Can be concluded that Understanding Business Management is an activity to manage the sale of products in order to provide profits of magnitude to the perpetrators. Business management is useful to help business people in running their business so as to avoid the risk of getting a loss in the business.

The business includes several interrelated components that relate to each other. Component components of the business include business management, branding, services and products, relationships and also customers. Business management is a key component of a business in order to succeed. Management has a goal to create a plan, manage and run a business. Another component of business is branding. Branding or brand making is an important component to provide an image of the business that will later support the achievement for business success. When making the brand is done properly, it will be more potential consumers who are interested in the goods.

Brand quality will also determine consumer confidence which will affect the income and profits that can be obtained from business results. Brand also has an emotional influence on society, that brand can give a different impression and point of view about a goods and producers. Services and products are also included in the scope of business management. Services and products are component components in the business that are offered to consumers and markets. The next business component is the partner, the parties involved in the implementation of business and play a role in the business of achieving the goals of success in business. The next component that is also very important in business management is the customer. Customers as consumers of the goods and services offered by a manufacturer to the market have an important role in providing benefits for the company. The more customers will surely be more profits earned by a manufacturer.

To be able to achieve the right business success, it requires a well-planned business management so that it can direct the business toward the right direction and anticipate the existence of losses that may be faced by a business. Starting a business management plan is not just about capital. Lots or at least capital does not guarantee a business will be successful with the right. But with the right management, it will be obtained efficient business implementation in using the available capital. To achieve efficient business management planning, it is necessary to carefully calculate the existing capital by adjusting to the operational activities of the factory or company until some time in the future. Creating the right long-term budget will be very appropriate in helping the company to achieve success.

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BENEFITS STRATEGIC MANAGEMENT FOR THE COMPANY

Strategic management is a process or set of decision making activities that have a fundamental and comprehensive nature, accompanied by the determination of how to implement (made by leaders), then applied by all ranks that exist within an organization to achieve the target or target. Management strategies combine activities that come from the functional part of a business to achieve organizational goals.

 Strategy management consists of nine tasks:

  • Formulating a corporate mission includes a broad statement of intent, philosophy and objectives.
  • Develop a company profile that reflects on internal conditions and capabilities.
  • Assess the company’s external environment, including both competitive factors and factors related to the general context.
  • Analyze the company’s options by matching the company’s resources with its external environment.
  • Identify the most desired option by assessing each option in terms of company mission.
  • Choose a set of long-term goals and a total strategy that will reach the most desirable option.
  • Develop annual goals and short-term strategies that are consistent with a set of long-term goals selected from the grand   strategy.
  • Implementing strategic options with budgeted allocation of resources that comprise tasks, people, structures, technologies and emphasizing reward systems.
  • Assessing the success of strategic processes as input for future decision-making.

The nine tasks above relate to the objectives of strategy management. The purpose of strategy management, among others:

  • To run and evaluate strategies that have been selected effectively and efficiently.
  • To evaluate performance, review, review, adjust and correct if there are errors or deviations in the execution of the strategy.
  • To renew the strategy formulated to suit the mining of the external environment.
  • To review starting from strengths, weaknesses, opportunities, to existing business threats.
  • To innovate products or goods to suit the tastes of consumers.

Why should companies implement strategic management?

The process of this management can produce the best decision, because group interactions that collect a variety of strategy decisions larger or more. In addition, the activity of strategy formulation can enhance the ability of the company in dealing with various problems at hand. Plus the involvement of employees in strategy formulation, it is useful in improving their understanding of productivity awards in every strategic planning, thereby enhancing employee motivation.

Application of strategy management can make corporate management more sensitive to external threats. At least strategic management can also prevent the emergence of various problems, both from within and from outside the company. Implementation of this strategy management can also improve the quality of the company in the face of problems.

Strategic management enables companies to carry out all operational activities more efficiently and effectively. Companies are so easy to adapt to changes that occur. But more core, companies that use the concept of strategy management will be more profitable than companies that do not apply it.…

WHAT IS BUSINESS MODEL

Want to develop a business that is currently running? All businesses must have a business model. If it is not clear business model then this will be difficult in the future. People often say doing business while looking for forms and finding shapes. Ideally, before actually starting a business must first determine what kind of shape. But what happens to most businesses is to walk like “running water”. Creating a new or existing business needs to be modeled business to be clear what will, is, and have done.

The business model is actually the frame of a business plan by thinking about how the company will gain profit or income by taking into account all business components. Simple understanding is how the company will make money. That’s what to think about! How to make money!

Someone named Alexander Osterwalder created a canvas in 2008, designed for a business model known as Lean Canvas. By using Lean Canvas this is the main activity in business looks clear and can be further explore to determine a good business model. The Lean Canvas looks sleek with 9 simple blocks but contains 9 key activities in a business model. This canvas is a good strategic management to be used in start up business or develop existing business. Entrepreneurs and intrapreneurs easily use Lean Canvas for their business model.

What are the 9 key activities? As the name implies Key Activities then this is an important activity to run a business. Without these 9 activities the business is not perfect. All parts of these 9 activities are equally important and should be considered carefully. Here are 9 key activities of a business model.

  1. Customer Segments: Who are our customers? What do they think, feel, see and do about our products?
  2. Value Propositions: What is interesting about the value proposition? Why do customers buy and use our products?
  3. Channels: How this value is promoted, sold, and delivered. Are the channels that we use so far work well to make money?
  4. Customer Relationships: How do you interact with customers through their experience of your product over the years?
  5. Revenue Streams: How does a business earn revenue from a value proposition?
  6. Key Activities: What unique strategies should a company have to compete with? What activities should the company do?
  7. Key Resources: What strategic strategic assets should a company have in order to compete?
  8. Key Partnerships: Who are the business partners who need to be partnered in order for the business to run well? Partnership which is not required for the company to focus on the main partnership.
  9. Cost Structure: What is the most important business cost? How is cost related to revenue?

These nine things need to be answered by both the individual business and the existing business. May nobody ever be left to think about going to a more profitable business!

 

WHY SHOULD THE STOCK BUSINESS

One way a person can make money or earn money is to invest. Investment is a term pertaining to finance and economics. Investment is often called investment. According to economic theory, investment is the purchase and production of a capital of goods used for production in the future.

Shares are proof of ownership of a company or business entity. The shares you own prove if you are one of the owners of the company in accordance with the amount of shares owned. Investing in shares can bring huge profits or it can also bring huge losses as well. If the company runs well, it will bring benefits not only to the company but also to the shareholders.

Why should the stock business:

  1. Stocks are highly liquid and transparent
    You can see clearly how much the price of demand and supply and how many lots are offered and in demand. Also with the regulations on information disclosure and the company must report its financial statements, the investor can analyze the condition and prospects of the company in more depth.
  2. Stocks are very easy
    One investment instrument that is very easy to use is stock, where to sell or buy shares. If Physical to sell or buy it you have to go to the gold shop. The risk on the road is huge, if suddenly a robbery, not just money or gold lost, but life can also float.If Property is booming, however, to sell property is not as easy as turning the palm of the hand, besides having To advertise, there are many things to be taken care of, including when the sale takes place, must take care of the notary for the purchase agreement.
  3. Can be done from anywhere, does not require a specific location
    With online trading, you do not even need to go out to make a transaction. You can make transactions anywhere, and now some online trading has provided trading facilities from mobile phones. So while traveling, you can also keep doing transactions.
  4. Very small capital
    Investment in the form of Property requires a very large capital, at least above 50 million. While in stock, with a capital of just 5 million even one million you can start a transaction.
  5. Safe
    Because now there are government regulations regarding the separation of customer accounts and securities so all Customers funds are in their respective accounts – each

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HOW TO BUILD THE IDEAL BUSINESS RIGHT

Ideal business is a business that has been system. Around our homes appear new ventures that look more professional. The place of business looks cleaner, convenient for visitors, many options, and the transaction system is very short. These new businesses are definitely in the likes of consumers because consumers indulge consumers. And have you seen a grocery store that you used to be small until you’ve grown up there has been no development at all? Bad goods, bad goods, unsatisfactory services, fewer choices of goods. Right? You must find the answer.

Competitive Because of the neat, efficient, and good quality, businesses that have systems Standard Operating Procedure [SOP] is always more Competitive compared to conventional efforts. What is meant more Competitive is far more able to win the competition compared to other business actors
SOP (Standard Operating Procedure) That is the standard standard used as a guide and a barometer of all work unit activities that exist in all levels of business and your business. So if the company wants to go forward it needs standard operational standards and procedures to ensure good quality and good work.

Can be ascertained without a company SOP, in prediction of the company is unlikely to grow 10 years into the future. Why? Because all company activities do not have a standard reference. So the reference is only feeling, mood, appetite and command leader. If the company grows, employees are getting depressed and the more stressful leaders … !!
Let’s examine a restaurant if it does not have “SOP Cooking” seasoning sometimes excess sometimes fit and sometimes less at any time can change so surely consumers will be disappointed.
Are you growing?

If your business or business wants to grow, want your business to have branches, create a franchise, with a large number of employees and keep the business running automatically even without your presence? Then the answer is to Build Your Business with the Right SOP. What if you are just starting a business?
Precisely at the beginning of your business stand you start to make SOP to give birth SOP that really fit your business character

How to organize the SOP? Should it be compiled from A-Z? And whether the SOP should be prepared before or after the business? Many people do not know what SOP is. In fact, business actors who have been in business for decades do not know what is SOP. Many people assume that making SOP  is difficult and complicated to make SOP correctly and correctly. You will be guided to develop SOP from planning, drafting, applying, to evaluating.

Here are the Benefits of SOP for Your Company:

  • Improve the efficiency and effectiveness of the performance of the company or organization as a whole.
  • As standardization in completing the work of the company or organization Ensure consistency of service in terms of quality, time and procedures Improve accountability of task implementation.
  • Help provide information needed in the preparation of service standards, so as well as to provide information for service performance.
  • Reduce leadership involvement in day-to-day process implementation, and help employees become more independent and independent of leadership interventions.
  • Reduce the level of errors and omissions that an employee might make in performing the task
    Create a standardized performance measure and help evaluate the work done and provide concrete ways to improve performance.
  • Provide information for efforts to increase employee competency As a company performance instrument.
  • Provide information about the qualifications of competencies that must be mastered by employees in performing their duties.
  • Helps track down procedural errors in service delivery Ensure the execution of the Company’s job duties

 

WHAT IS THE BENEFIT OF ETHICS IN BUSINESS

Business ethics (business ethics) is a general application of ethics to business conduct. More specifically the meaning of business ethics denotes ethical or unethical behavior by managers and employees of a corporate organization. Business ethics reflects the moral reflection of individual and institutional (organizational) business actors to assess an issue, where this assessment Is the choice of a growing value in a society. Through this choice of values, the individual or organization will judge whether something done is true or false, fair or not and has usability or not.

Business ethics is not an ethics distinct from ethics in general and business ethics is not an ethic that only applies in the business world. For example, if dishonesty is viewed as unethical and immoral behavior, then anyone in a dishonest business (manager or employee) against workers, shareholders, customers or competitors, is considered unethical And immoral.

Furthermore, if the behavior of preventing others from suffering harm is viewed as ethical behavior, then the company that withdraws its products that have defective production and may endanger the safety of consumers, may be viewed as a company that carries out ethical and moral conduct.

Why does a business need business ethics? Is not a business activity only aimed to gain as much profit as possible in any way? Is not the ethical behavior imposed by the company even hindering the company from competing against its competitors? There are at least seven reasons that drive the company to conduct its business ethically:

  • Increased public expectation for the company to run its business ethically. Companies that are not successful in running their business ethically will experience the spotlight, criticism, and even punishment.
  • In order for the company not to take various actions that endanger other stakeholders.
  • Application of business ethics in the company can improve company performance.
  • The application of business ethics such as honesty, keeping promises, and refusing a bribe can improve the quality of business relationships between two parties who do business relationships. This is due to increased confidence among parties involved in business relationships with others. Conversely, if one party is not to be trusted, then this unreliable party will be ignored by its business partner even by the business community in general.
  • In order for the company to avoid abuse by employees and competitors who act unethical.
  • Proper application of company’s business ethics within a company may prevent the occurrence of labor rights violations by the employer.
  • Companies need to apply business ethics in the conduct of their business, to prevent companies (represented by their leaders) from obtaining legal sanctions for running an unethical business.

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