business technology (BT)
Business technology (BT) is the ever-increasing reliance on information technology by businesses of all types to handle and optimize their business processes .
Download this free guide
Download 9 FREE Strategic Planning Templates that your Peers Already Use
Having a clear-cut IT strategy is key establishing a competitive advantage over any competition. It can be the difference maker between a business’ success and its failure. Reach your business goals and stay organized by downloading this FREE e-guide which includes 9 templates already in use by major organizations such as NASA and Brown University.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
#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.
Business Continuity is often described as ‘just common sense’. It is about taking responsibility for your business and enabling it to stay on course whatever storms it is forced to weather. It is about “keeping calm and carrying on”!
BC is about building and improving resilience in your business; it’s about identifying your key products and services and the most urgent activities that underpin them and then, once that ‘analysis’ is complete, it is about devising plans and strategies that will enable you to continue your business operations and enable you to recover quickly and effectively from any type disruption whatever its size or cause. It gives you a solid framework to lean on in times of crisis and provides stability and security. In fact, embedding BC into your business is proven to bring business benefits.
Business Continuity (BC) is defined as the capability of the organization to continue delivery of products or services at acceptable predefined levels following a disruptive incident. (Source: ISO 22301:2012)
Business Continuity Management (BCM) is defined as a holistic management process that identifies potential threats to an organization and the impacts to business operations those threats, if realized, might cause, and which provides a framework for building organizational resilience with the capability of an effective response that safeguards the interests of its key stakeholders, reputation, brand and value-creating activities. (Source: ISO 22301:2012)
At the heart of good BC practice, sits the BCM Lifecycle.
The BCM Lifecycle shows the stages of activity that an organization moves through and repeats with the overall aim of improving organizational resilience. These stages are referred to as the Professional Practices and are made up of Management and Technical Practices.
Find out more about business continuity by downloading the GPG Lite for free, or why not take our eLearning Building Resilience course that will take you through the basics of making your organization more resilient in the face of an incident.
Watch a short four minute video to hear about the importance of Business Continuity Management:
#the stock market
What is the Stock Market?
The stock market is an everyday term we use to talk about a place where stocks and bonds are traded meaning bought and sold. For many people, that is the first thing that comes to mind for investing. The goal is to buy the stock, hold it for a time, and then sell the stock for more than you paid for it.
How long do you hang on to stock? Investors who hold stock for 15 years or more usually succeed in the market. Stocks are long-term investments. But there are no guarantees.
What are stocks?
Stocks are units of ownership in a company.
Companies sell stock to get money to
- Research better ways to make things
- Create new products
- Improve the products they have
- Hire more employees
- Enlarge or modernize their buildings
So just as the federal government sells bonds to raise money, businesses raise money by selling stock.
How it works
When you buy stock, you become a shareholder. which means you now own a part of the company. If the company’s profits go up, you share in those profits. If the company’s profits fall, so does the price of your stock. If you sold your stock on a day when the price of that stock falls below the price you paid for it, you would lose money.
Stock prices can rise and fall
In the stock market, prices rise and fall every day. When you invest in the stock market, you are hoping that over the years, the stock will become much more valuable than the price you paid for it.
Copyright 2016 Northwestern Mutual
720 East Wisconsin Ave. Milwaukee, WI 53202 | Privacy Statement | Contact Us
#letterpress business cards
Moo Is Now Selling Letterpress Business Cards That Aren’t Really Letterpress
p I m pleasantly surprised by a href= http://us.moo.com/products/letterpress-business-cards.html target= _blank Moo s recently announced letterpress efforts /a . /p “> I’m pleasantly surprised by Moo’s recently announced letterpress efforts .
p The Moo Letterpress Cards are available in 12 different designs (most of which are tasteful, with elegant typography and vivid ink colors) and coms printed on a thick weighted card stock (Mohawk Superfine, 32pt weight), which is then debossed on both sides to give it a feeling of texture and depth. /p “> The Moo Letterpress Cards are available in 12 different designs (most of which are tasteful, with elegant typography and vivid ink colors) and coms printed on a thick weighted card stock (Mohawk Superfine, 32pt weight), which is then debossed on both sides to give it a feeling of texture and depth.
p Moo sent me a pack of samples to see for myself, and I have to admit, they look nice, they feel great in the hand, and there isn t a Mini Card to be seen anywhere. But let me be 100% clear here: these are letterpress in name only. Moo tells me there s no movable type involved here at all, which is the very definition of letterpress. /p “> Moo sent me a pack of samples to see for myself, and I have to admit, they look nice, they feel great in the hand, and there isn’t a Mini Card to be seen anywhere. But let me be 100% clear here: these are letterpress in name only. Moo tells me there’s no movable type involved here at all, which is the very definition of letterpress.
p You get what you pay for, and Moo s cards em are /em cheaper than real letterpress. For example, a pack of 500 two-color letterpressed business cards from a href= http://brooklynsocialcards.com/ordering-process/ target= _blank Brooklyn Social Cards /a will cost you $500. A similar pack of fake letterpress cards will cost you $339 on Moo. /p “> You get what you pay for, and Moo’s cards are cheaper than real letterpress. For example, a pack of 500 two-color letterpressed business cards from Brooklyn Social Cards will cost you $500. A similar pack of fake letterpress cards will cost you $339 on Moo.
p If ultimate letterpress fidelity is important to you and you want to see every letter in your business details branded right into a card s skin, you might still want to spring for traditional letterpress, but my guess is all but the most discerning letterpress fans won t even notice, which has got to have some small hot metal presses sweating. /p “> If ultimate letterpress fidelity is important to you and you want to see every letter in your business details branded right into a card’s skin, you might still want to spring for traditional letterpress, but my guess is all but the most discerning letterpress fans won’t even notice, which has got to have some small hot metal presses sweating.
The Moo Letterpress Cards are available in 12 different designs (most of which are tasteful, with elegant typography and vivid ink colors) and coms printed on a thick weighted card stock (Mohawk Superfine, 32pt weight), which is then debossed on both sides to give it a feeling of texture and depth.
Moo sent me a pack of samples to see for myself, and I have to admit, they look nice, they feel great in the hand, and there isn’t a Mini Card to be seen anywhere. But let me be 100% clear here: these are letterpress in name only. Moo tells me there’s no movable type involved here at all, which is the very definition of letterpress.
You get what you pay for, and Moo’s cards are cheaper than real letterpress. For example, a pack of 500 two-color letterpressed business cards from Brooklyn Social Cards will cost you $500. A similar pack of fake letterpress cards will cost you $339 on Moo.
If ultimate letterpress fidelity is important to you and you want to see every letter in your business details branded right into a card’s skin, you might still want to spring for traditional letterpress, but my guess is all but the most discerning letterpress fans won’t even notice, which has got to have some small hot metal presses sweating.
Slideshow: 5 images
I ve got to be honest. I ve never really liked Moo business cards, even after they ve been foisted upon me by half a dozen companies. Moo is a Rhode Island-based company that sells custom-printed business cards online. They get the job done, but I ve always thought Moo s efforts were just cheap and unexceptional. Except for the little stick-of-gum sized Mini Cards. of course: those are so twee, easy-to-lose, and unwieldy that the only practical use I can think to put them to is as instruments of papercut torture applied to the Moo executive who first came up with them.
There s no movable type involved here at all, which is the very definition of letterpress.
So I m pleasantly surprised by Moo s recently announced letterpress efforts. The Moo Letterpress Cards are available in 12 different designs (most of which are surprisingly tasteful, with elegant typography and vivid ink colors) and coms printed on a thick weighted card stock (Mohawk Superfine, 32pt weight), which is then debossed on both sides to give each card a feeling of texture and depth. Moo sent me a pack of samples to see for myself, and I have to admit, they look nice, they feel great in the hand, and there isn t a Mini Card to be seen anywhere.
So they re great. But let me be 100% clear here: these are letterpress in name only. Moo tells me there s no movable type involved here at all, which is the very definition of letterpress. Instead, Moo is still just using digital printing techniques to squirt out your business details on a pre-designed business card stock, which is the same as the company has ever done. The distinction here is that those cards come on a quality stock for a change, and get a pre-set pattern debossed on them after they are printed. You still won t be able to feel the type under your fingertips, because that part is digitally printed. It s a shame. There s a reason it s called letter press: using real movable type on high-quality card stock creates a sharp, tactile feel otherwise missing from printed text.
You get what you pay for, and Moo s cards are cheaper than real letterpress. For example, a pack of 500 two-color letterpressed business cards from Brooklyn Social Cards will cost you $500. A similar pack of fake letterpress cards will cost you $339 on Moo. If ultimate letterpress fidelity is important to you and you want to see every letter in your business details branded right into a card s skin, you might still want to spring for traditional letterpress.
Me? I m still not going to order business cards from Moo. If I m going to spend money on letterpress, I d rather give it to artisans and craftsmen, not a faceless Internet printing company. But I have to admit, Moo has me closer to making an order than ever before.
You can order Moo Letterpress business cards here .
#business analyst salary
What Is A Business Analyst And How Much Do They Make?
Over the last few years, the generic job title of business analyst has become popular in multiple industries. Although job duties can vary immensely, in the most general terms, business analysts work within a business or organization to identify and implement improvements to help a business achieve its goals. The title of business analyst can describe both entry-level workers and tenured professionals and compensation varies accordingly. This article discusses the work, compensation, and outlook for business analysts.
The Basics of Business Analysis
Business analysis is a disciplined, structured, and formal approach to analyzing a business process, identifying improvements, and implementing changes so that the business can better achieve its goals. It is based on facts, figures, and observations.
The International Institute of Business Analysis provides this job description, “A business analyst works as a liaison among stakeholders to elicit, analyze, communicate and validate requirements for changes to business processes, policies and information systems. The business analyst understands business problems and opportunities in the context of the requirements, and recommends solutions that enable the organization to achieve its goals.”
Business analysts can serve in many functions in almost any industry. For example, a systems analyst is a business analyst that focuses on how to best use technology to solve problems and improve outcomes. Other job titles where an employee perform business analysis include data analyst, solutions provider, change agent, requirements manager, specifications writer, researcher, product owner, product manager, or management consultant.
Business analysts may perform quality assurance, requirements gathering, documentation, or client support. They may also specialize in improving sales, by focusing on pre-sales, customer service. client relationship, and account management. Business analysts may also be very internally focused on process improvements within an organization and coordination across multiple departments and stakeholders.
Some qualities of a good business analyst include the following:
• Good listening skills
• Openness to change
• Adept in multitasking
• Expertise in prioritization, based on needs of multiple stakeholders
• Good negotiation skills, to seek timely buy-in on important decisions and prioritization from all stakeholders
• Identifying process improvement opportunities which can lead to efficiency and output improvements
Education and Career Path of Business Analysts
A bachelor’s degree or higher is required. Possible majors include finance, technology, management, and accounting. Because of the number of skills required, most business analyst positions are not open to new college graduates. Most business analysts attain their first position after a few years in a related position such as data analyst, functional analyst, systems analyst, business requirements analyst, or financial analyst.
The career path of a business analyst can include becoming a senior business analyst, a business analyst specialist in specific areas (such as SAP, Agile, or ScrumMaster), a business manager, a business architect, an enterprise architect, and finally a director or VP-level position. Other experienced business analysts become independent consultants, taking assignments on contract.
Almost any industry can employ business analysts, but most jobs are in information technology or management consulting firms. Other industries include accounting. investment banking. finance. and market research.
Salary and Compensation for Business Analysts
Compensation varies widely and is determined by the factors like location, experience level, and industry. For example, a business analyst working in a large New York-based investment bank will earn more than a business analyst performing market research for an automobile company in Michigan. Candidates who specialize in a specific technology (like SAP) may command higher premiums. Below are the average salary ranges and bonus percentages for business analysts.
- Entry Level: $40,000 to $70,000 with up to an 8 percent bonus
- Mid Career: $55,000 to $95,000 with up to a 10 percent bonus
- Senior Level: $70,000 – $150,000 with up to a 10 percent bonus
- Overall U.S. Average: $45,000-$110,000 with up to a 10 percent bonus
Business analyst is a general title for many different job functions in almost any industry. A good candidate should have an undergraduate degree and several years of work experience in the area of business analysis that he or she is interested in. Candidates can also take business analysis certifications courses like those from the International Institute of Business Analysis.
#small business crm
small business CRM – customer relationship management
In CRM (customer relationship management) terminology, the phrase small business CRM is used to describe a lightweight CRM application that is designed to meet the needs of a small business.
Customer relationship management solutions provide you with the customer business data to help you provide services or products that your customers want, provide better customer service, cross-sell and up sell more effectively, close deals, retain current customers and understand who the customer is.
While the phrase customer relationship management is most commonly used to describe a business-customer relationship, CRM systems are used in the same way to manage business contacts, clients, contract wins and sales leads.
The Difference Between Enterprise and Small Business CRM
Typically, CRM applications and software are considered enterprise applications that is an application designed for larger enterprises that would require a dedicated team to develop custom CRM modules, another team to analyze the resulting data and reports, plus an IT staff to handle costly upgrades and deployment.
Small business CRM applications differ from enterprise CRM in a number of ways including the amount of data handled by the system, IT requirements, pricing, and the tools and features of the CRM application itself.
Top 5 CRM Questions
What is a business name?
A business name is a name or title under which a person or entity conducts a business.
Watch our YouTube video about What is a business name and how to apply for one.
When should I register a business name?
You will need to register a business name if you carry on business within Australia and are not trading under your own name.
Exceptions to this include:
- if you are operating as an individual and your operating name is the same as your first name and surname
- if you are in a partnership and your operating name is the same as all the partners’ names, or
- if you are an already registered Australian company and your operating name is the same as your company’s name.
The law does not allow any changes from the business holder’s name if you wish to rely on the above exemptions. For example, if your name is John Smith, and the name of your business is ‘John Smith Co’, you will need to register the business name ‘John Smith Co’.
If you are unsure about whether you need to register a business name, look through the examples in Regulatory Guide 235 .
What a business name registration does not provide
Registering a business name does not provide exclusive ownership of your business name. It also doesn’t prevent other people from being able to register and use similar names.
To gain exclusivity over a particular business name, you need to register it as a trade mark with IP Australia .
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.