business continuity management (BCM)
Business continuity management (BCM) is a framework for identifying an organization’s risk of exposure to internal and external threats.
The goal of BCM is to provide the organization with the ability to effectively respond to threats such as natural disasters or data breaches and protect the business interests of the organization. BCM includes disaster recovery. business recovery, crisis management, incident management, emergency management and contingency planning .
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According to ISO 22301. a business continuity management system emphasizes the importance of:
- Understanding continuity and preparedness needs, as well as the necessity for establishing business continuity management policy and objectives.
- Implementing and operating controls and measures for managing an organization’s overall continuity risks.
- Monitoring and reviewing the performance and effectiveness of the business continuity management system.
- Continual improvement based on objective measurements.
Which is the best business to start in India with 50 lakhs? #business #names
#best business to start
Which is the best business to start in India with 50 lakhs?
There are several kinds of businesses in which you can dive in like
1. Digital Marketing
With only a small amount of money you can get your business registered and start working. There are several co-working spaces like One Internet ( Co-Working Space In CP Delhi ) who help you in saving your money while also giving you a strong boost on networking, venture capitalist etc. All the registration work along with co-working space rent and your travelling costs will not be more than 25000 INR in a month and to start with a business it is just a minimal amount. You can initially start as a freelancer on the other hand and later on shift to become a full fledged company.
2. Content Marketing or management firm
If you are good at writing then you and your mates can collaborate or you can individually start with a content marketing company. You can keep journalism or literature students as interns to help you with the workload. Plus when you are a one person company the legal pre-requisite are also less. Ask Centrik Budsiness Solutions ( Home – Centrik ) regarding everything legal to get help from.
If you have good connections with the wholesalers and you do have an interest in fashion. You can become a merchant on websites like Snapdeal, Flipkart, E-bay, Instagram etc. You will need a TIN number and PAN number for the same and Centrik helps you in getting these conveniently.
4. Sales Consultant
At a lower investment you can also plan to become a sales consultant for companies like Avon, Oriflame, Tupperware where with a minimum amount of just 150 or so (for Oriflame), you can join the company and start selling their products.
5. Home Made Gourmet Food
Instagram has become a booming place not just for apparels but also for Gourmet Food. You can become a home chef and deliver what you know the best. If not through Insta you can also do this by printing pamphlets and get it circulated through the newspaper boy or can promote it on social media yourself or give it to a digital marketing company to do it for you at the right social networking site to gain the right target for you like a one year old startup Digital360 ( Digital360 – Best Digital Marketing Company in Noida, India ) that is creative and convenient for your pocket too.
6. Virtual Assistance
If you are a keen observer and love details you can become a virtual assistant to small business owners who are too busy in growing their business. The cost on your side to start this business is just a laptop or computer along with a stable and fast internet connection.
There are plenty more but everything depends on what you are deeply and keenly interested in and how determined you really are.
Apart from the things you can do, as asked by you that who are the small business startups who are doing really well.
1. Maxtan Healthcare a pharma stat-up by Mr. Kumar Manoj Singh
PS. These are all from Delhi apart from the first name.
I hope you find this answer a little helpful and All the Best for your venture 🙂
What is Business Report? Characteristics of Business Report – Business Communication #stock #market #update
What is Business Report? Characteristics of Business Report
What is Business Report or, Definition of Business Report, Meaning of Business Report-When a report is written for business purpose, it is called business report. It is a little bit different from other reports. It deals with business related information. A business report is prepared containing business related information that assists the management to take better decisions. Some definitions on business report are given below-
What is Business Report
- According to Lesikar and Petit. “A business report is an orderly, objective communication of factual information that serves some business purpose.”
- Boone and Other said, “A business report is a document that organizes information and a specific topic for a specific business purpose.”
- According to Murphy and Hildebrandt. “A business report is an impartial, objective, planned presentation of a fact to one or more persons for a specific, significant business purpose.”
So, a business report can be defined as an organized, written statement of facts related to specific business matter. It helps the interested persons to get insight into the problem and to overcome the problem. Business Communication
Characteristics of Business Report
Business reports carry information on facts related to business activities. The very nature of business report differentiates it from other reports. The unique characteristics of business report are discussed below-
- Specific Issue. Every report, including business one, is written on specific subject. It is written to fulfill certain need.
- Pre-Specified Audience. An important characteristic of report is that it has a pre-specified audience. Usually a report is written for a limited number of audiences and the need of the audience is always kept in mind.
- Specific Structure or Layout. In preparing report, certain structure or layout or format is followed. The layout or structure of report is almost same in every case.
- Written on Past Events. In most of the cases, the reports are written on past events. Most of the business reports carry the reasons of happing the incident, the ways of recovery etc. Reports are also written in past forms.
- Neutral in Nature. In drafting reports, impartiality it strictly maintained. No biased or non-objective material is included in it. Biased report may lead to disastrous decisions.
- Factual Information. Business report is always written based on factual information. The data collected on specific events is factual, not factious.
- Joint Effort. A report is an outcome of joint efforts of a group of people. No one can personally or solely prepare a report. Now-a-days, in most of the cases, committee is formed containing three to seven people for furnishing a report on certain incident.
- Orderly Presentation. The information of a report is presented orderly so that the audience can get his needed information from where it is located.
- Upward Flow. The direction of a report is always upward in the organizational structure. The higher authority normally assigns the duty of preparing reports to their immediate lower authority and after preparing the report, they submit it to their boss or higher authority.
- Some Additional Aids in Presentation. A report is always presented in an attractive way. In addition, analytical reports contain executive summary, contents and index, necessary charts, graphs and design and conclusion and recommendation etc.
- Signature and Date. It is customary to put the signature of the reporter with date at the end of the report. If it is prepared by a committee, signature must be given by each member of the committee.
From the above discussion it is found that business report has some unique characteristics. Its helps the respective business people to take pragmatic decisions in specific business areas. There is more information about How to Overcome Communication Barriers in Business .
What is Report. A report is a description of an event carried back to someone who was not present on the scene. It may be defined as an organized statement of facts related to a particular subject prepared after an investigation is made and presented to the interested persons. Report
Tags: report, business, definition
What is a Business? definition of business and Scope of business. Business could be a term with a really wide which means. It refers to an activity of individuals operating for the aim of manufacturing and distributing product and services at a profit. An enterprise creates utilities by production of
Tags: business, definition
What is Business Meeting. Meeting is one of the major media of oral communication. In general sense a meeting is a gathering of two or more persons with the view of making decisions through discussion. It is an assembly of people does decide on some preset issues. Definition of business
Tags: business, definition
What is Business communication -business communication is a specialized branch of general communication that is specifically concerned with business activities. Generally, when communication takes place between or among parties regarding business-related functions, it can be termed as business communication. But the process, methods, types, principles etc. remain almost same with
Tags: business, definition
What is Market Report or, What is marketing report? A market report is a kind of report which contains the information regarding the overall market situation of a product of a group of products or service. It reflects the market condition of a product or service in terms of its
Tags: report, definition
#what is business
A business plan is a document demonstrating the feasibility of a prospective new business and providing a roadmap for its first several years of operation.
Business plans are an important part of creating new businesses, whether as a startup or an offshoot of an existing business. Business plans for startups are often shared with funding agencies, potential investors and venture capitalists to obtain the necessary funding.
Although the specifics may vary, here are the typical components of a business plan for a new business:
- The executive summary is a nutshell version of the entire plan, briefly covering the essentials.
- The business description describes the proposed new endeavor, explains its purpose and its target market.
- The plan’s market analysis section describes the industry and the market environment of the proposed business, including a profile of the competition.
- The organizational and managerial section explains how you envision the structure of your business, what types of positions and departments it will encompass.
- The products (or services) section details what you’re offering. This section should include a full description of the products you’ll sell and your plan for product lifecycle management (PLM ).
- The marketing and sales section explains your strategies for branding. marketing and selling your product or service.
- The funding request will differ according to what type of information is required by the funding party.
- The financial projection covers the expected performance and milestones over the first years of operation, usually five years. For an existing business, historical financial data should be included.
- An appendix can include useful information that doesn’t belong in any of the other sections.
A business plan is similar to a business model. However, the latter is a representation of how an existing business works, rather than how a prospective business can work.
This was last updated in December 2013
Contributor(s): Ivy Wigmore
– Risk management is a company’s process for identifying and controlling threats to its assets, including proprietary corporate data, customers’ PII and intellectual property. (SearchCompliance.com )
– Rebranding is an update of the materials and presentation used to represent a business. A company may rebrand to appear more modern or to distance itself from past issues, among other possibilities. (WhatIs.com )
– A/B testing is a statistical method used to assess proposed changes to a product or service. (SearchBusinessAnalytics.com )
– Terms related to business, including definitions about project management and words and phrases about human resources, finance and vertical industries.
– This WhatIs.com glossary contains terms related to Internet applications, including definitions about Software as a Service (SaaS) delivery models and words and phrases about web sites, e-commerce.
Is Frequent Business Travel Killing You?
We often look at those who get to jet off to new and exotic locations on a regular basis with envy, even if their travels are for work. For those who don’t have the ability to frequently travel, being able to visit new places and cultures is an absolute luxury.
But, a study recently published in the journal Environment and Planning is shedding light on a dark side of frequent business travel. According to this study, people who engage in frequent travel, which the study refers to as “hypermobility,” may experience adverse psychological, emotional and physical effects.
Jet lag is one of the most common health risks with frequent travel, disrupting your body’s circadian rhythm. It can cause fatigue and gastrointestinal problems and even affect your mood, judgment and ability to concentrate. Jet lag’s interference with the body’s rhythms causes a widespread disruption of many biological processes, potentially increasing the risk of heart attack or stroke and, if chronic, may cause cognitive deficits.
Frequent air travel can increase the risk of deep vein thrombosis (DVT) and pulmonary embolism, expose you to more germs and contribute to dry eyes and dehydrated skin.
Every time you fly, you get zapped by a little extra UV and cosmic radiation from space. It goes right through you, in very small amounts. It s typically nothing you need to worry about, even if you re pregnant. But, flying 85,000 miles a year goes beyond the limit for public exposure to radiation – with exposure to radiation at high altitude hundreds of times higher than at ground level, the risk of cancer becomes higher.
Frequent business travelers tend to have fewer opportunities to exercise, worse eating habits than when they’re at home and occasionally over-consume alcohol, further impacting their health.
Wait, there’s more.
Frequent travel impacts psychological and emotional health. There’s always a level of stress preparing and making arrangements for trips, but when you arrive at your destination for vacation, you relax and unwind. This is often not the case for business travelers – their workload isn’t reduced and they may experience more stress trying to complete tasks during travel.
Flight delays can trigger anxiety and fatigue. And, constantly traveling for business can be disorienting and lonely since so much time is spent away from friends and family. While frequently traveling opens you up to new opportunities to make new connections and friendships, this study found these relationships tend to be situational, expendable and short-lived.
Researchers in this study found the brighter side of hypermobility is the “glamorized” viewpoint others have of the frequent traveler, perceiving them as having a higher social status. And social media only enhances this with the ability (or social obligation) to post photos and check in to exotic locations for everyone to see where you are.
While frequent business travelers’ social media posts glamorize what they’re doing, they also overshadow all of the negative impacts of what they’re doing.
Frequent business travel is becoming more common, meaning these negative effects could begin to impact a broader population, according to researchers.
So what does all of this mean? For frequent business travelers, you may not have a choice about flying for work, but you can work to counteract these negative effects.
First, make a concerted effort to eat healthy, skip alcohol and take advantage of hotel fitness centers during business trips. Make sure you try your best to keep moving instead of sitting for hours upon hours – walk around the airport, walk around the plane, find a space to stretch. That will help with the possibility of developing DVT. When you can, catch up on your sleep to prevent and ward off jet lag. And when you are home, make sure you’re spending plenty of time with your friends and family.
#business development manager
People reading the Business Development Manager Job Description might ask themselves, “What is business development, exactly?” Therefore, I’ll try to make it clear and simple.
Business development is a commonly-used term for businesses the provide services. Businesses that sell products often use the term, “sales.”
The Difference Between Business Development and Sales
When selling services, you are often selling the knowledge and capabilities of the people in your company. Therefore, a Business Developer doesn’t have a tangible product. Instead, he or she is tasked with selling people’s time or the result of people’s time. Very often, a client will not order the company’s service until they have meet with the people who will provide this service. As a result, the business developer must also present the internal team to the potential client (usually in the form of a meeting, proposal, and/or presentation).
The responsibilities of a business developer is often more broad than that of a salesperson. They could include activities such as strategic planning, or even training.
The business developer is often brought on to complement the seller-doer model, where the people who do the work are also tasked with brining in new clients. Business developers help seller-doers increase their sales by providing the strategic approach these people sometimes lack.
The Similarities Between Business Development and Sales
Both business developers and salespeople are expected to identify potential clients, approach them, and close deals. They are both responsible for meeting sales targets and growing the firm.
If you’re a small business owner, you probably know at least one business coach. You may even be one. It is a field that has exploded over the last few years. For small business owners, having someone to bounce your ideas off can be a truly valuable thing. That said, the main reason so many business coaches have popped up over the last half-decade or so is that it is easy to set up shop.
With the ubiquity of the Internet, all a business coach needs to get started is a website. Overhead is extremely low. What’s more, there are no real certifications needed. In short, a coach becomes a coach by standing up and announcing him or herself as a coach. The downside of this dynamic is that the most competent business coaches are lumped in with all the rest.
It wasn’t always this way. The earliest business coaches were almost uniformly qualified individuals–successful entrepreneurs, business owners, and modern-day philosophers–mainly because there were hardly any of them. Dan Sullivan, founder of the twenty-five year old, multimillion dollar Strategic Coach says that when he first went into business most people thought they were a bus company .
So what is a qualified expert in the information economy to do?
The answer is the same as so much else in the world of business: Specialize.
Take for example the New York company AcceleratingCFO. a firm started by two former Fortune 500 executives who felt they could impart their strategic knowledge to the entrepreneurs who needed it most. Yet instead of announcing themselves as one of many business coaching operations, they present themselves as CFO consultants –experts in using the quantitative aspects of an organization to make qualitatively strong business decisions.
Or take John Palumbo, the founder of Big Heads Network. A successful businessperson many times over, he teaches organizations to combine unrelated concepts to form innovative solutions. Despite the advice and counsel he provides, never once does the word coaching cross his lips or his website.
The market for expertise is as strong as it has ever been and can provide massive opportunity for savvy entrepreneurs. Getting specific around the precise value you offer and then crafting your messaging around that specificity is what every would-be business coach needs to do to thrive in the second decade of the 21 st century and beyond.
The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.
What is a business report?
Note: for more on principles applicable to all types of report, see report .
Business reports are a type of assignment in which you analyse a situation (either a real situation or a case study) and apply business theories to produce a range of suggestions for improvement.
Business reports are typically assigned to enable you to:
- Examine available and potential solutions to a problem, situation, or issue.
- Apply business and management theory to a practical situation.
- Demonstrate your analytical, reasoning, and evaluation skills in identifying and weighing-up possible solutions and outcomes.
- Reach conclusions about a problem or issue.
- Provide recommendations for future action.
- Show concise and clear communication skills.
Remember that with business reports, typically, there is no single correct answer but several solutions, each with their own costs and benefits to an organisation. It is these costs and benefits which you need to identify and weigh-up in your report.
Further, when writing the report, you need to consider the audience you are writing for: is it the CEO or will the report be available to all staff concerned? It is vital that you ensure an appropriate level of formality, sensitivity, fairness, and objectivity.
Page authorised by Director, CTL
Last updated on 25 October, 2012
Have a study or assignment writing question? Ask an expert at Academic Q+A
#business to business
What is B2B?
If your business is focused on selling products or services to other companies, your model is called B2B, or business-to-business. In contrast with the business-to-consumer or consumer-to-business models, B2B facilitates the transfer of raw materials, parts and components from which additional profit is derived, through manufacturing or final sales to consumers.
An example of a traditional B2B market is automobile manufacturing. A vehicle s components are generally manufactured by different companies, and the auto manufacturer purchases these parts independently. The tires, hoses, batteries and electronics may be manufactured by separate companies, and then are sold directly to the automobile manufacturer. The products themselves do not end up in the hands of consumers, though often, the end product of the purchasing business does. Because so many small transactions result in one large business-to-consumer sale, B2B companies tend to be high volume.
B2B, like all business models, requires some careful planning to undertake successfully, noted Brent Walker, vice president and chief marketing officer at C2B Solutions, a healthcare marketing consulting firm. B2B typically relies on its sales function and account management team to establish and strengthen customer/client relationships, Walker told Business News Daily. Marketing may include advertising in trade journals, having a presence at conventions and trade conferences, digital marketing (online presence, SEO, email outreach) and other traditional awareness efforts.
B2B e-commerce, or e-biz, is a slightly more evolved version of commerce. This type of e-commerce is the electronic exchange of business documents among businesses for the purpose of conducting commerce. This began with the Electronic Data Interchange (EDI), which started in the 1960s. Trading partners within supply-chain networks are typical participants, as they exchange electronic documents in support of the purchasing of goods and services. B2B e-commerce is used for contract manufacturing, customs declarations, global trade compliance, order management and supply-chain logistics. By using B2B e-commerce, companies can improve communications among partners and enhance the purchasing experience from business to business.
When applied to e-commerce specifically, B2B can be broken down into a number of categories. The first category is company websites, as many companies need to reach other companies and their employees specifically. A company website can serve as the entrance to an exclusive extranet for customers or registered site users, or as an intranet for internal use only. Companies can also sell directly from this site, e-tailing to other businesses. Some B2B companies provide software for building B2B websites, thus becoming a B2B for B2Bs. This software includes site-building tools and templates, database features and methodologies for best practices, plus transaction software.
The second category is product supply and procurement exchanges, otherwise known as e-procurement sites. These sites serve a range of industries and often focus on a niche market. A company purchasing agent can shop for supplies from vendors, request proposals and even make bids for purchases at specific prices. These B2B websites enable the exchange of product supplies and procurement.
Specialized or vertical industry portals provide a subweb of information for a specific industry or vertical, such as health care, construction, education or other vertical markets. These sites provide product listings, discussion groups and other features. Vertical portal sites have a broader purpose than procurement sites, though they may also support purchasing.
Brokering sites act as an intermediary between service providers and a potential business customer. For example, a construction company may need to lease equipment. A broker site can help the construction company find an equipment manufacturer that is willing to lease out the needed equipment. Brokering sites and services include Neostratus B2B Cloud Brokerage Platform and Axway B2Bi .
The final category is information sites, or infomediaries, which provide specialized information sites on specific industries for companies and their employees. These specialized search sites are often used as trade and industry standards organization sites.
While this may sound complicated, there are a number of companies you already know that are B2Bs. Dropbox is a storage service that many consumers use, but businesses also use it. GE makes a number of consumer goods but also provides parts for enterprises. Perhaps you ve worked at a company where the paychecks were stamped by ADP, a company that provides payroll and financial services for businesses. Xerox is a household name but makes billions on providing paper and print services to businesses.
Though B2B is critical to the success of many industries, when considering your company s potential, do not limit yourself to one model. B2B, C2B and B2C models need not be mutually exclusive, and combining their particular strengths can generate new opportunities for your business.
A business can package consumer insights and consumer-centric solutions to sell or provide as a value-add to its business customers/clients, Walker said. In a consumer-driven marketplace, such a service can be extremely valuable to a business.
Resources for B2B businesses
The following sites and tools can help you make the most of your B2B model:
Elaine J. Hom also contributed to this article.